Page 1329 - Markets News
NSDC registers itself on SSE to widen capital pool for social enterprises
The Social Stock Exchange (SSE) has been developed with the sole motive of facilitating social enterprises in raising funds from the public through the stock exchange mechanism
 "NSDC registers itself on SSE to widen capital pool for social enterprises")
Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts
Apart from IndiGo, Tata group-owned Air India, could be the second key beneficiary given its strong fleet and balance-sheet strength
 "Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts")
Hindenburg targets Icahn Enterprises, claims IEP shares overvalued
Hindenburg targets Icahn Enterprises after dropping a significant amount of Adani Group shares. In response to that, Icahn rejects Hindenburg's claim and called the report self-serving
 "Hindenburg targets Icahn Enterprises, claims IEP shares overvalued")
Gravita India hits 52-week high; up 11% on huge volume day after Q4 results
A combined 2.2 million equity shares representing 3.1 per cent of total equity of Gravita India had changed hands in intra-day deals on the NSE and BSE.
 "Gravita India hits 52-week high; up 11% on huge volume day after Q4 results")
Price hikes to favor Hero Moto's Q4 revenues; margins may expand: Analysts
At the bourses, shares of Hero MotoCorp have declined over 8 per cent so far this calendar year (CY23), as against 0.8 per cent rise in the S&P BSE Sensex
 "Price hikes to favor Hero Moto's Q4 revenues; margins may expand: Analysts")
CPSE index nears record high after six years; RVNL zooms 125% since March
In the past one month, CPSE index has outperformed the market by surging 7 per cent, as compared to 3.4 per cent rise in the S&P BSE Sensex.
 "CPSE index nears record high after six years; RVNL zooms 125% since March")
Trading strategies for Aviation stocks amid Go First bankruptcy
Indigo shares may hit a new historic peak once it settles over Rs 2,200 level.
 "Trading strategies for Aviation stocks amid Go First bankruptcy")
Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club
At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows
 "Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club")
IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy
Shares of InterGlobe Aviation, which runs the country's largest airline IndiGo, hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE.
 "IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy")
Astec LifeSciences tumbles 10% on loss in Q4; stock down 44% in six months
The company reported a net loss of Rs 5 crore for Q4FY23 as against a net profit of Rs 43.10 crore in a year ago period.
 "Astec LifeSciences tumbles 10% on loss in Q4; stock down 44% in six months")
Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health
Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.
 "Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health")
Charts exhibit bullish trend for Mastek, Metro Brands: HDFC Securities
According to the technical analyst, Mastek resumed its uptrend after running correction from recent swing high, whereas shares of Metro Brands broke out from multi-week consolidation
Charts show range bound trend for Nifty IT in near-term, adopt sell-on-rise
Given the current market conditions, the best trading strategy for traders would be to buy the Nifty IT Index near the support levels and sell it near the resistance levels, said the technical analyst
 "Charts show range bound trend for Nifty IT in near-term, adopt sell-on-rise")
Brokerages share mixed views on SBI Cards and Payment Services
While cost of funds and credit costs are seen rising, growth in business is estimated to be good
 "Brokerages share mixed views on SBI Cards and Payment Services")
Sensex gains for eighth day in a row, logs fresh highs for 2023
FPI flows, positive economic data propel equities
 "Sensex gains for eighth day in a row, logs fresh highs for 2023")
Narrowest since July 2021: Sensex closes in on trading gap in April
Index moved in 4% band, against three-year average of 8%
 "Narrowest since July 2021: Sensex closes in on trading gap in April")
Indian stocks rise on back of earnings, FII buying ahead of US Fed meet
By Bharath Rajeswaran
 "Indian stocks rise on back of earnings, FII buying ahead of US Fed meet")
Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine
CLOSING BELL: The NSE Nifty 50 gained 83 points. In the broader market, Midcap and Smallcap indices outperformed with gains of 0.7 per cent and 0.6 per cent, respectively.
 "Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine")
Datamatics hits 20% upper circuit on strong Q4FY23 results
In Q4FY23, the company's revenue increased 32.9 per cent year-on-year (YoY) and 11.7 per cent quarter-on-quarter (QoQ) at Rs 416.30 crore
 "Datamatics hits 20% upper circuit on strong Q4FY23 results")
Welspun India zooms 20% as investors cheer buyback plan, strong Q4 results
The board of Welspun India has approved a proposal for purchase of 16.25 million equity shares worth Rs 195 crore through a tender offer
 "Welspun India zooms 20% as investors cheer buyback plan, strong Q4 results")