Page 1340 - Markets News
Nifty Realty up 13% so far in April; Godrej, DLF, Oberoi zoom up to 27%
With a decline in interest rate, sustained affordability and gradual price hikes, the analysts expect industry growth to be back on track.
 "Nifty Realty up 13% so far in April; Godrej, DLF, Oberoi zoom up to 27%")
Sensex, Nifty likely to hit all-time high; Nifty Bank may lead the rally
Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.
 "Sensex, Nifty likely to hit all-time high; Nifty Bank may lead the rally")
Indian Bank hits over 4-year high on FII buying; stock jumps 12% in 2 days
The average trading volumes on the counter jumped nearly three-fold, as around 3.2 million shares changed hands on the NSE and BSE till 11:09 am
 "Indian Bank hits over 4-year high on FII buying; stock jumps 12% in 2 days")
Tata Chemicals declines 7% after company slashes soda ash prices
Analysts at Kotak Institutional Equities see this as an incremental negative for soda ash prices, though uncertainties remain around demand and supply and will need to be monitored
 "Tata Chemicals declines 7% after company slashes soda ash prices")
Avalon Technologies lists on a subdued note; dips 5% from issue price
The stock dipped to a low of Rs 411 on the NSE, down 5.5 per cent when compared with the issue price of Rs 436 per share.
 "Avalon Technologies lists on a subdued note; dips 5% from issue price")
Tata Motors hits 8-month high on strong Q4 hopes; stock up 20% in 3 weeks
The stock of Tata group passenger cars & utility vehicles maker quoted at its highest level since August 19, 2022
 "Tata Motors hits 8-month high on strong Q4 hopes; stock up 20% in 3 weeks")
Stocks to Watch: Jubilant Food, Avalon Tech, Just Dial, Angel One, Hathway
Stocks to Watch today: Just dial saw a revenue growth of 39.5 per cent year-on-year to Rs 232.5 crore; Coca Cola India acquired 15% stake in Jubilant Food's associate company
 "Stocks to Watch: Jubilant Food, Avalon Tech, Just Dial, Angel One, Hathway")
Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services
According to Ravi Nathani, an independent technical analysts, the Nifty Bank Index is expected to face significant resistance around the 42,700 level in the near term.
 "Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services")
Market regulator Sebi comes out with dispute resolution mechanism for LPCC
Capital markets regulator Sebi on Monday put in place a dispute resolution mechanism for Limited Purpose Clearing Corporation to settle disputes and claims arising out of transactions cleared by it
 "Market regulator Sebi comes out with dispute resolution mechanism for LPCC")
Weak guidance, muted sentiment to weigh on near term IT outlook
There could be more downsides if the rest of IT pack disappoints
 "Weak guidance, muted sentiment to weigh on near term IT outlook")
Mutual fund inflows, equity market performance witness decoupling
Data shows that SIPs now account for 34 per cent of the total equity AUM compared to 25 per cent at the end of FY19
IT sell-off snaps markets' 9-day gaining streak; Infosys slumps about 10%
Index heavyweights HDFC and HDFC Bank fell around 1.6 per cent each and also weighed on the market's performance
 "IT sell-off snaps markets' 9-day gaining streak; Infosys slumps about 10%")
HDFC Bank stock's re-rating still some time away, say analysts
HDFC Bank shares: Analysts believe a re-rating in the stock would happen as and when more clarity emerges on the smooth merger with HDFC Ltd
 "HDFC Bank stock's re-rating still some time away, say analysts")
Private equity, venture capital funds' investments decline 4% in March
In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by industry lobby IVCA and consultancy firm EY
 "Private equity, venture capital funds' investments decline 4% in March")
Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking
Most of the investors are still preferring equity-oriented mutual funds over the other asset, with the segment registering a net inflow of over Rs 2 trn in FY23
 "Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking")
HAL, PFC lead race for MSCI index, Adani Total, Kotak Bank in focus too
Analysts predict both PSU stocks to rake in huge passive inflows; Adani Transmission and Indus Towers could get removed from index
 "HAL, PFC lead race for MSCI index, Adani Total, Kotak Bank in focus too")
Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses
CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.
PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%
At 02:23 pm, Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent
 "PSU banks rally; Punjab & Sind, Uco Bank, Indian Bank surge up to 12%")
Zee Entertainment falls 3% as nearly 6% equity change hands via block deals
At 9:15 am; around 54.77 million equity shares, which represented 5.7 per cent of total equity of ZEEL changed hands on the BSE
 "Zee Entertainment falls 3% as nearly 6% equity change hands via block deals")
ITC hits new high, tops Rs 400-mark; stock doubles in less than two years
FPIs have increased their stake in ITC for the third straight quarter to 12.87 per cent at the end of March 2023 quarter.
 "ITC hits new high, tops Rs 400-mark; stock doubles in less than two years")