Page 1315 - Markets News
Nifty Realty index at highest level since Feb 22; surges 25% in two months
Motilal Oswal continues to see re-rating potential in companies, which would provide further growth visibility on the back of strong business development through robust cash flows.
 "Nifty Realty index at highest level since Feb 22; surges 25% in two months")
Bull Run: 5 smallcaps hit new 52-week highs; charts show up to 19% upside
Stocks setting new 52-week highs demonstrate aggressive chart structures
 "Bull Run: 5 smallcaps hit new 52-week highs; charts show up to 19% upside")
Cyient surges 9%, nears 52-week high on healthy business outlook
Thus far in the calendar year 2023 (CY23), the stock price of Cyient has zoomed 74 per cent, as against 2.5 per cent rise in the S&P BSE Sensex.
 "Cyient surges 9%, nears 52-week high on healthy business outlook")
Centum Electronics hits new high; zooms 48% in 4 days on strong Q4 results
As on March 31, 2023, Centum had a strong order book position of Rs 1,538 crore as compared to Rs 1,090 crore at the end of the previous financial year 2021-22
 "Centum Electronics hits new high; zooms 48% in 4 days on strong Q4 results")
HUL rises 2%, hits highest level so far this year on volume recovery hopes
The stock of largest fast moving consumer goods (FMCG) company traded close to its 52-week high level of Rs 2,741, which it had touched on December 9, 2022
 "HUL rises 2%, hits highest level so far this year on volume recovery hopes")
Coal India slips 5% as government begins partial stake sale via OFS
The floor price for the stake sale has been set at Rs 225 a share, which represents a discount of around 7 per cent from the closing price of Rs 241.2 on Wednesday
 "Coal India slips 5% as government begins partial stake sale via OFS")
Weekly F&O Expiry: Nifty could gyrate between 18,475-18,575 on Thursday
Meanwhile, the Bank Nifty may face resistance around 44,300 - 44,350 zone today.
 "Weekly F&O Expiry: Nifty could gyrate between 18,475-18,575 on Thursday")
Stocks to watch: Coal India, Mankind Pharma, EID Parry, India Pesticides
Stocks to watch on June 1, 2023: From Coal India to Mankind Pharma, here are top stocks to watch in Thursday's trading session
 "Stocks to watch: Coal India, Mankind Pharma, EID Parry, India Pesticides")
Nifty Realty chart indicates likely trend reversal, may slip up to 415
Meanwhile, the Nifty Pharma chart too is flashing caution signal for traders as it too could reverse, says Ravi Nathani, an independent technical analyst.
Sebi slaps Rs 77 lakh fine on 16 entities for manipulating share price
The Securities and Exchange Board of India (Sebi) conducted an investigation in the matter of Gayatri Sugars Ltd (GSL), a BSE-listed company
 "Sebi slaps Rs 77 lakh fine on 16 entities for manipulating share price")
Coal India's long-term prospects remain healthy; analysts positive on stock
Investors may use any OFS-led decline in stock price to accumulate its shares
 "Coal India's long-term prospects remain healthy; analysts positive on stock")
Mkts dip ahead of vote on US debt ceiling, benchmark indices shed 0.5% each
Indices snap their four-day winning streak; MSCI rejig adds to volatility
 "Mkts dip ahead of vote on US debt ceiling, benchmark indices shed 0.5% each")
Sebi cancels registration certificate of Karvy Ltd; firm to still pay dues
Sebi had banned the Karvy and its promoters from the market for seven years through its order in April this year
 "Sebi cancels registration certificate of Karvy Ltd; firm to still pay dues")
Markets log third straight monthly advance amid sustained FPI inflows
The Sensex and the Nifty50 rose more than 2% each in May, extending their three-month gain to 5%
 "Markets log third straight monthly advance amid sustained FPI inflows")
Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%
CLOSING BELL ON MAY 31, 2023: Reliance, HDFC and HDFC Bank accounted for nearly 90 per cent of the day's loss on the BSE benchmark; Midcaps and Smallcaps bucked the trend.
 "Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%")
Tega Industries freezes at 10% upper circuit on strong Q4 results
Thus far in the calendar year, the stock has zoomed 56 per cent, as compared to 2.3 per cent rise in the S&P BSE Sensex.
 "Tega Industries freezes at 10% upper circuit on strong Q4 results")
Jindal Saw soars 9%, hits new high in a weak market on healthy biz outlook
In the past two weeks, the stock has surged 31% after the company reported strong Q4 earnings with consolidated net profit more-than-doubling to Rs 294 crore
Campus Activewear extends fall; slips 12% in two days on weak Q4 results
Reported EBITDA declined by 27.4 per cent year-on-year to Rs 57.12 crore; margin contracted by 590 bps YoY to 16.4 per cent.
 "Campus Activewear extends fall; slips 12% in two days on weak Q4 results")
As Nifty Pvt Bank index sets new peak; Here's how to trade banking stocks
Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.
 "As Nifty Pvt Bank index sets new peak; Here's how to trade banking stocks")
Corporate earnings growth to drive the next leg of market rally: Analysts
While consensus earnings growth expectations for Nifty50 at 8.6% for FY23 have come down from over 11% at the start of the year, FY24 expectations at 19.2% YoY remain broadly stable
 "Corporate earnings growth to drive the next leg of market rally: Analysts")