Page 1321 - Markets News
Thermax declines 7% as investors book profit post March quarter earnings
The company said that the order book for the year stood at a consolidated level stood of Rs 8,788 crore, as compared to Rs 9,410 crore in FY22, down 7 per cent
 "Thermax declines 7% as investors book profit post March quarter earnings")
SBI Q4 Results: Buy May call option if stock holds Rs 590-mark
Technically, State Bank of India's shares are well placed above the breakout mark of Rs 565 from a short-term to medium-term perspective.
 "SBI Q4 Results: Buy May call option if stock holds Rs 590-mark")
SBI Q4 results: Profit rises 83% YoY to Rs 16,695 crore, beats estimate
State Bank of India Q4 earnings: The Board has declared a dividend of Rs 11.30 per share @ 1,130 per cent for the year ending March 31, 2023
 "SBI Q4 results: Profit rises 83% YoY to Rs 16,695 crore, beats estimate")
Tilaknagar Industries surges 14%, hits 52-week high on healthy Q4 results
Despite a reduction in gross margins, the company was able to maintain its EBITDA margin through multiple cost optimization efforts and improved productivity
 "Tilaknagar Industries surges 14%, hits 52-week high on healthy Q4 results")
AU Small Finance Bank joins Rs 50,000 cr m-cap club as stock hits new high
At 12:11 pm; the stock was up 2.8 per cent at Rs 752.15, with a market capitalisation of Rs 50,154 crore, the BSE data shows.
 "AU Small Finance Bank joins Rs 50,000 cr m-cap club as stock hits new high")
Subsidy Booster: GNFC, Chambal, GSFC eye up to 11% gain amid bullish bias
Major stocks in fertlizer sector continue to trade with bullish bias, as their chart structures denote feasible upside.
 "Subsidy Booster: GNFC, Chambal, GSFC eye up to 11% gain amid bullish bias")
Stock of this capital goods company has zoomed over 100% since April
The Finance Minister's latest Budget for FY 2023-24 has laid emphasis on government commitment to move towards net zero carbon emission by 2070
 "Stock of this capital goods company has zoomed over 100% since April")
Has the correlation between the Nifty IT index and the NASDAQ ended?
The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.
 "Has the correlation between the Nifty IT index and the NASDAQ ended?")
Jindal Saw hits new high on strong Q4 results; zooms 91% thus far in 2023
Jindal Saw's board has also approved, in-principle, to dispose-off its subsidiary Green Ray Holdings Limited, UK along with its step down subsidiary, Derwent Sand SARL, Algeri
 "Jindal Saw hits new high on strong Q4 results; zooms 91% thus far in 2023")
Jubilant FoodWorks dips 5% on disappointing March quarter results
The company's sales growth during the quarter, led by footprint addition, but weak like-for-like (LFL), down 0.6 per cent, led to a decline in Ebitda and net profit.
 "Jubilant FoodWorks dips 5% on disappointing March quarter results")
Weekly Expiry: Will Nifty hold 18,200 level at close today?
The weekly options data suggests that the Nifty may see limited upside on Thursday with resistance likely around 18,250 - 18,275 range.
 "Weekly Expiry: Will Nifty hold 18,200 level at close today?")
Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV
Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year
 "Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV")
Nifty Pharma likely to remain bearish in near-term, can dip below 12,000
Meanwhile, charts suggest that Nifty Realty and Media indices are experiencing a phase of consolidation says Ravi Nathani, an independent technical analyst.
 "Nifty Pharma likely to remain bearish in near-term, can dip below 12,000")
Bharti Airtel's Q4 results give hope, experts see stock gaining 10-25%
Return on capital employed is low at 8.5 per cent, and the net debt: Ebitda is at 2.9x, consolidated
 "Bharti Airtel's Q4 results give hope, experts see stock gaining 10-25%")
Small-caps steal a march over large-caps, look primed for outperformance
Moreover, the upmove in the equity markets will shift towards small-caps, the brokerage predicts
 "Small-caps steal a march over large-caps, look primed for outperformance")
India-focused offshore fund, ETFs record $803 mn net inflow in Q4
This, after 17 quarters of net outflows on the trot; experts attribute change in FPI stance to better valuations in Indian market, strong fundamentals
 "India-focused offshore fund, ETFs record $803 mn net inflow in Q4")
Markets drop on US debt ceiling concerns, benchmark indices shed 6% each
Sensex and Nifty both lose over 1.2%, in two days despite positive flows from FPIs
 "Markets drop on US debt ceiling concerns, benchmark indices shed 6% each")
Sensex ends 372 pts lower, trims losses in late deals; Smallcaps outperform
CLOSING BELL ON MAY 17: The NSE Nifty 50 shed over 100 points to settle at 18,182. The BSE Smallcap index outperformed and ended 0.2 per cent higher.
 "Sensex ends 372 pts lower, trims losses in late deals; Smallcaps outperform")
Foreign portfolio investment in equities drop 11% to $542 bn in Jan-Mar qtr
The value of FPI in equities was at $542 billion in March quarter of 2023, a decline of 11% from preceding year, largely due to exodus of foreign money from domestic market, according to Morningstar
 "Foreign portfolio investment in equities drop 11% to $542 bn in Jan-Mar qtr")
Rane (Madras) soars 19% as board approves divestment plan of US subsidiary
The turnaround planned in the US subsidiary had a setback due to poor offtake in the new business developed and even existing business