Page 1307 - Markets News
Small-cap, arbitrage funds buck 'low inflow' trend this calendar
Small-cap funds benefit from better valuations and performance track record, say analysts
 "Small-cap, arbitrage funds buck 'low inflow' trend this calendar")
Equity fundraising activity in India dips in H1CY23 amid market volatility
ECM activity down 15% in India even as globally it grows 19%, shows data
 "Equity fundraising activity in India dips in H1CY23 amid market volatility")
Nasdaq to acquire financial services software company Adenza for $10.5 bn
Nasdaq on Monday said it has acquired Adenza, a company that develops risk-management and related regulatory software for the financial services market, for $10.5 billion
 "Nasdaq to acquire financial services software company Adenza for $10.5 bn")
IT stocks shine in lacklustre trade; Sensex ends 99 pts higher
CLOSING BELL ON JUNE 12, 2023: The Nifty reclaimed the 17,600 level; In the broader market, BSE Midcap index advanced 0.5 per cent, and Smallcap added 0.7 per cent on Monday.
 "IT stocks shine in lacklustre trade; Sensex ends 99 pts higher")
Rakesh, Shobha Gangwal may pare up to 8% stake in IndiGo; shares dip 2%
According to reports, Rakesh and his wife Shobha Gangwal may sell 5-8 per cent stake in the airline next month for up to Rs 7,000 crore
 "Rakesh, Shobha Gangwal may pare up to 8% stake in IndiGo; shares dip 2%")
Tata Motors DVR jumps nearly 3%; crosses Rs 300 mark after over 6 years
With debt on a substantial downward trajectory and consequently interest outgo, it outlined its intention to commensurately increase dividends, going forward positive for DVR shareholders
 "Tata Motors DVR jumps nearly 3%; crosses Rs 300 mark after over 6 years")
Gokaldas Exports rises 9% to hit 52-week high on hopes of better outlook
The management highlighted that most US customers could start buying from Q3FY24 for the next season and overall demand should improve from Q4FY24.
 "Gokaldas Exports rises 9% to hit 52-week high on hopes of better outlook")
TTML, Suzlon, Paytm: 5 stocks up over 15% in May. Is it time to sell them?
The bullish trend in TTML, Suzlon, Paytm, Mazagoan Dock Shipbuilders and Torrent Power continues to remain resilient, anticipating up to 30 per cent upside.
 "TTML, Suzlon, Paytm: 5 stocks up over 15% in May. Is it time to sell them?")
Maha Seamless hits new high, up 5% as firm prepays loan to turn debt free
The company made voluntary prepayment of outstanding long term loan of Rs 234 crore on June 09, 2023. The stock has zoomed 53 per cent so far this year.
 "Maha Seamless hits new high, up 5% as firm prepays loan to turn debt free")
Stock of this IT enabled services firm has zoomed over 100% in 7 weeks
Shares of Datamatics Global Services (DGSL) hit a new high of Rs 609.20, surging 12 per cent on the BSE in Monday's intra-day trade.
 "Stock of this IT enabled services firm has zoomed over 100% in 7 weeks")
SRF hits over 2-month low; slips 10% in three days on heavy volumes
In FY24, SRF's primary focus will be on profitability enhancement and further rationalisation of operating cost and working capital in the packaging film biz, its FY23 annual report said
 "SRF hits over 2-month low; slips 10% in three days on heavy volumes")
El Nino biggest immediate risk for the markets; not priced in yet: Analysts
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.
 "El Nino biggest immediate risk for the markets; not priced in yet: Analysts")
PTC Industries hits 52-week high, hits 20% upper circuit on healthy outlook
PTC is one of the world's leading suppliers of high-precision metal components for critical and super-critical operations across a wide range of segments including Aerospace, Defence, and Industrial
 "PTC Industries hits 52-week high, hits 20% upper circuit on healthy outlook")
Go Fashion slips 5% after over 10% equity change hands on NSE
According to reports, the Indian arm of US venture capital firm Sequoia Capital was planning to sell 10 per cent stake in Go Fashion (India) worth Rs 625 crore on Monday in block deals.
 "Go Fashion slips 5% after over 10% equity change hands on NSE")
Nifty, Nifty Bank eye range-bound moves; here's how to trade them
Given that the overall trend is bullish, the recommended trading strategy would be to consider buying NIfty50 near the support levels
 "Nifty, Nifty Bank eye range-bound moves; here's how to trade them")
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