Page 1339 - Markets News
Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi
The risk rally has been fuelled by the injection of over $1 trn of central bank liquidity, and high-frequency liquidity indicators suggest this is already stalling
 "Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi")
This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years
After a gap of over 15 years, the stock has touched a new peak. It surpassed its previous high of Rs 448.5 per share, which it had touched in December 2007
 "This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years")
Prism Johnson surges 13% on hopes of improvement in operational performance
Rating agencies expect the profitability of PJL's to improve in FY24 owing to softening in input procurement costs coupled with cost savings
 "Prism Johnson surges 13% on hopes of improvement in operational performance")
TVS Motor gains 3%, hits record high on healthy demand outlook
In the past one month, TVS Motor has outperformed the market by surging 13 per cent, as compared to 3.6 per cent rise in the S&P BSE Sensex and 7 per cent rally in the S&P BSE Auto index
 "TVS Motor gains 3%, hits record high on healthy demand outlook")
Chola Fin, IDFC: 5 NBFC stocks to invest for short-to-medium term gain
Major Non-Banking Financial Company (NBFC) shares could offer significant gains from a short-to-medium term perspective, as their present formations on technical charts illustrate a long-term upside.
 "Chola Fin, IDFC: 5 NBFC stocks to invest for short-to-medium term gain")
ICICI Lombard dips 4% post March quarter results
The country's largest private sector general insurer reported a 39.6 per cent surge in net profit to Rs 436.96 crore in Q4FY23, aided by a lower loss ratio and a dip in underwriting losses.
 "ICICI Lombard dips 4% post March quarter results")
BEML Land Assets freezes at 5% lower circuit post stock market debut
BEML had incorporated as a wholly owned subsidiary (WOS), namely BEML Land Assets, on July 15, 2021
 "BEML Land Assets freezes at 5% lower circuit post stock market debut")
Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%
Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.
 "Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%")
Stocks to Watch: SBI, ICICI Lombard, ONGC, Reliance, Oil India, Zydus Life
Stocks to Watch: ICICI Lombard General Insurance reported a 39.6 per cent surge in net profit in the January-March quarter (Q4) of FY23
 "Stocks to Watch: SBI, ICICI Lombard, ONGC, Reliance, Oil India, Zydus Life")
Hold longs on Nifty with a stop at 17,500: HDFC Securities
Among individual stocks, Vinay Rajani the technical & derivative analyst recommends to Buy Ircon International and ABFRL.
 "Hold longs on Nifty with a stop at 17,500: HDFC Securities")
Trading strategies in Nifty FMCG, Metal indices
According to Ravi Nathani, an independent technical analysts, the Nifty Metal Index is exhibiting a range-bound trade, whereas the FMCG index presents a 'Sell on rise' opportunity.
 "Trading strategies in Nifty FMCG, Metal indices")
Active clients drop for ninth month but discount brokerages build dominance
With markets delivering lacklustre returns and cost of trading rising, investors have turned more cost conscious, say industry players
 "Active clients drop for ninth month but discount brokerages build dominance")
SGX NSE Connect to become fully operational from July 3 at GIFT City
From July 3, all dollar-dominated Nifty derivatives contracts to be exclusively traded on NSE IFSC
 "SGX NSE Connect to become fully operational from July 3 at GIFT City")
FTX crypto exchange restart plan draws possible bid From tribe capital
Founded in 2018, Tribe was a venture investor in both FTX, the international exchange, and FTX US, the American entity
 "FTX crypto exchange restart plan draws possible bid From tribe capital")
Axis Direct faces hours-long technical outage; traders complaint of losses
Queries sent to Axis Securities on the technical issues and resolution for customers remained unanswered till the time of going to press
 "Axis Direct faces hours-long technical outage; traders complaint of losses")
Apple store opening in India will not impact Redington much: Analysts
According to Redington India, Apple contributed one-third (30 per cent) of its December 2022 (Q3 of FY23) revenues with iPhone's contribution at 24 per cent
 "Apple store opening in India will not impact Redington much: Analysts")
Private equity inflow in real estate plunges 95% to $45 mn in Jan-Mar
PE investment stood at USD 1 billion in the year-ago period
 "Private equity inflow in real estate plunges 95% to $45 mn in Jan-Mar")
Indian equity markets to trade in range-bound manner: ICICI Securities
The equity markets, after being under pressure in the last four months from December till March, saw a sharp recovery in the first half of April
Sensex dips 184 pts as RIL, HDFC twins weigh; Avalon Tech tanks 9% on debut
CLOSING BELL: The broader markets outperformed; Midcap and SmaIlcap indices were up 0.5 per cent and 0.2 per cent, respectively.
 "Sensex dips 184 pts as RIL, HDFC twins weigh; Avalon Tech tanks 9% on debut")
Stock of this auto ancillary company has zoomed 40% in two days
Shares of Precision Camshafts (PCL) rallied 16 per cent to hit a 52-week high of Rs 149 on the BSE in Tuesday's intra-day trade on heavy volumes