Page 1306 - Markets News
Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor
Stocks to watch on June 12, 2023: Indiabulls Housing Finance, Indian Energy Exchange (IEX) and India Cements are the three stocks in F&O ban period on Monday.
 "Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor")
Cracking the investment strategy: FPIs are bullish on finance, auto stocks
Financial services saw maximum buying at Rs 9,289 crore, followed by auto stocks at Rs 3,997 crore and consumer services at Rs 1,931 crore
 "Cracking the investment strategy: FPIs are bullish on finance, auto stocks")
Sebi's SCORES platform disposes of 2,457 complaints against cos in May
A total of 2,457 complaints against companies and market intermediaries have been disposed of through Sebi's SCORES platform in May
 "Sebi's SCORES platform disposes of 2,457 complaints against cos in May")
Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'
Backing the right pack can help in alpha generation, as the two often move contrarily
 "Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'")
Street signs: Mkts turn skittish near new highs, Index fund inflows & more
The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts
 "Street signs: Mkts turn skittish near new highs, Index fund inflows & more")
FPIs buying spree continues; invest Rs 9,800 cr in equities this month
Foreign Portfolio Investors (FPIs) continued their buying stance and pumped in close to Rs 9,800 cr in Indian equities this month so far, on strong economic growth and attractive valuations of stocks
 "FPIs buying spree continues; invest Rs 9,800 cr in equities this month")
CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%
Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues
 "CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%")
Sebi cancels Emkay Commotrade license for trading illegal paired contracts
Capital markets regulator Sebi on Friday cancelled the registration of Emkay Commotrade for facilitating its clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd
Sun Pharma's growth prospects look healthy; analysts positive on the stock
Majority of analysts positive on the stock; their average target price indicates an upside potential of 15 per cent
 "Sun Pharma's growth prospects look healthy; analysts positive on the stock")
Indices end lower as investors brace for Federal Reserve's monetary policy
Sensex, Nifty dip for second day in a row but manage to eke out weekly gains
 "Indices end lower as investors brace for Federal Reserve's monetary policy")
Sebi's new FPI disclosure norms could pose roadblock for compliances
The recent proposal by Sebi to make disclosure norms more stringent for Foreign Portfolio Investments (FPIs) has reignited the discussion on Indias stand on promulgating ease of doing business
Equity mutual fund outflows hit 20-month high in May on profit booking
Investments through SIPs rise to record high in May
 "Equity mutual fund outflows hit 20-month high in May on profit booking")
Macquarie downgrades 3 private sector insurers on growth concerns
At present, HDFC Life trades at 15.3x its projected VNB for FY25, while ICICI Pru and SBI Life trade at 8.1 times and 9.5 times, respectively
 "Macquarie downgrades 3 private sector insurers on growth concerns")
Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%
CLOSING BELL, JUNE 9, 2023: Tata Steel, HUL, State Bank of India (SBI), Infosys, HCL Tech, Asian Paints, ITC, TCS, and RIL were the top laggards
 "Sensex dips for 2nd day, falls 223pts; Nifty gives up 18,600; IEX tanks 10%")
Life Insurance Corporation increases stake in SAIL by 2.001% to 8.687%
Earlier this week, LIC had raised its stake in IT firm Tech Mahindra Ltd by about 2 per cent through an open market acquisition
 "Life Insurance Corporation increases stake in SAIL by 2.001% to 8.687%")
Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising
A meeting of the board of directors of the company is scheduled on Saturday, June 10, 2023 to consider a proposal to raise funds
 "Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising")
Greenlam soars 15% as plywood facility begins operations in Tamil Nadu
The said facility has the potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at Rs 130 crore
 "Greenlam soars 15% as plywood facility begins operations in Tamil Nadu")
Zomato hits fresh 52-week high; surpasses its IPO price after a year
Zomato reported better-than-expected operating performance in the March quarter (Q4FY23)
 "Zomato hits fresh 52-week high; surpasses its IPO price after a year")
Tata Steel, JSL: Metals can soar up to 11% if index sustains above 6,041
Except Jindal Stainless, other metal stocks require to cross key barrier to rally forward
 "Tata Steel, JSL: Metals can soar up to 11% if index sustains above 6,041")
HAL hits new high on stock split plan; zooms over 700% from March 2020 lows
The board of directors of state-owned defence company will meet on June 27 to consider a proposal of stock split of the equity shares of the company having a face value of Rs 10 each
 "HAL hits new high on stock split plan; zooms over 700% from March 2020 lows")