Page 1338 - Markets News
Wipro board of directors to consider proposal to buyback of equity shares
The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion of the board meeting on April 27
 "Wipro board of directors to consider proposal to buyback of equity shares")
Global IPO market shows signs of life even as recession fears persist
The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia
 "Global IPO market shows signs of life even as recession fears persist")
Finance, auto stocks ARE FPIs' favourites in first two weeks of FY24
FPIs sold oil and gas shares worth Rs 564 crore, and realty shares worth Rs 278 crore
 "Finance, auto stocks ARE FPIs' favourites in first two weeks of FY24")
Capital goods stocks could surge on order visibility, pick-up in exports
Near-term trigger is the strong Q4 results led by revenue growth and expanding margins
 "Capital goods stocks could surge on order visibility, pick-up in exports")
IT stocks drag indices to first weekly decline in nearly a month
Disappointing results for Infosys and TCS dampened the market mood this week
 "IT stocks drag indices to first weekly decline in nearly a month")
Angel One reports data breach, says no impact on client securities, funds
Stock broking firm, which manages 13 million clients, said certain client profile data like name, email, mobile number and client holding data may have been accessed in an unauthorised manner
 "Angel One reports data breach, says no impact on client securities, funds")
Analysts see more upside in consumer appliance stocks as temperatures soar
White goods stocks: With the mercury currently on the boil, analysts remain bullish on the sector as they see more upside over the near-term and advise investors to pick stocks selectively
 "Analysts see more upside in consumer appliance stocks as temperatures soar")
Big tech earnings to offer reality check to investors over AI hype
Earnings misses on already revised-down estimates could threaten stock prices even as any guidance updates are scrutinized by the market
 "Big tech earnings to offer reality check to investors over AI hype")
Indian shares log weekly losses on risk aversion amid Q4 earnings
The Nifty 50 closed 0.40 points lower to 17,624.05, while the S&P BSE Sensex rose 0.04% to 59,655.06. Both indexes lost over 1% this week
 "Indian shares log weekly losses on risk aversion amid Q4 earnings")
India's forex reserves rise for second week, hit over 9-month high
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
 "Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high")
Venture capital investments down 70% across globe in Q1CY23: KPMG study
Despite the current slowdown, macro factors in India remained stronger than elsewhere, driving optimism that the country will see a bounce back in VC investment in H2 of 2023
 "Venture capital investments down 70% across globe in Q1CY23: KPMG study")
Indian companies are turning more to junk bonds to meet funding needs
Companies using such securities raised more capital in 2022-23 than at any point in the last 8 years
 "Indian companies are turning more to junk bonds to meet funding needs")
Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip
CLOSING BELL: The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.
 "Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip")
FPIs invest $1 bn in Indian equities thus far in FY24 on cheaper valuations
Information technology saw renewed interest with foreign investors adding 10.02 billion rupees, while the auto segment also witnessed FPI buying
 "FPIs invest $1 bn in Indian equities thus far in FY24 on cheaper valuations")
Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months
On March 31, 2023, Ramky Infra announced that Srinagar Banihal Expressway Limited (SBEL), a subsidiary of the company, has reached a debt settlement agreement with lenders
 "Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months")
Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts
Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900
 "Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts")
ITC surpasses HDFC's m-cap to become 7th most valued listed company
Thus far in calendar year 2023 (CY23), ITC has surged 22%, as compared to 3% decline in the S&P BSE Sensex, and 2.4% rise in HDFC Ltd
 "ITC surpasses HDFC's m-cap to become 7th most valued listed company")
Royal Orchid Hotels, Kamat Hotels: Hotel stocks can rally up to 20%
Select hotel stocks may rise up to 20 per cent in coming sessions, as per the technical charts
 "Royal Orchid Hotels, Kamat Hotels: Hotel stocks can rally up to 20%")
Rupee gains 1 paisa to 82.16 against dollar as market sentiment improves
The rupee gained 1 paisa to 82.16 against the US dollar in early trade on Friday, tracking a weak greenback against major currencies and positive sentiment in the domestic equities market
 "Rupee gains 1 paisa to 82.16 against dollar as market sentiment improves")