Page 1341 - Markets News
IDBI Bank gains 10% as report says RBI has begun bid evaluation process
According to Reuters, the RBI is evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd
 "IDBI Bank gains 10% as report says RBI has begun bid evaluation process")
Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%
CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender
 "Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%")
Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023
Thus far in CY23, the stock has outperformed the market on the expectation of a sustained healthy performance ahead, supported by a steady volume growth
 "Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023")
RBI okays re-appointment of Sanjay Agarwal as AU SFB's MD; stock surges 16%
The RBI approval removes a key overhang and will now shift the focus to the fundamental performance of the bank
 "RBI okays re-appointment of Sanjay Agarwal as AU SFB's MD; stock surges 16%")
Anand Rathi Wealth soars 6%, hits record high on strong Q4 result
Given the increase in incomes and savings, the management believes there is significant untapped market for the wealth management sector
 "Anand Rathi Wealth soars 6%, hits record high on strong Q4 result")
DLF rallies 19% in 9 days, nears 52-week high on hopes of healthy sales
Analysts anticipate residential sales momentum will remain healthy amid sustained demand and new launch offtake, despite rate hikes.
 "DLF rallies 19% in 9 days, nears 52-week high on hopes of healthy sales")
HDFC Bank: Analysts see muted profit growth in Q4 amid higher provisions
HDFC Bank preview: Near-term focus, analysts said, would be the status of the merger with HDFC Ltd
 "HDFC Bank: Analysts see muted profit growth in Q4 amid higher provisions")
Stock of this conductor manufacturer has zoomed 100% in 2.5 months
Apar Industries hit a new high today on the favourable medium-term demand outlook with increased demand from the end-users such as the power, infrastructure, railways, defence and marine sectors.
 "Stock of this conductor manufacturer has zoomed 100% in 2.5 months")
Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high
Domestic sugar stocks may rally up to 25 per cent after crossing key hurdles
 "Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high")
TCS slips nearly 2% on weak management commentary post Q4 results
Management indicated weakness in the US on account of deferrals in discretionary spending from clients, with the BFS vertical being the most affected
 "TCS slips nearly 2% on weak management commentary post Q4 results")
Chart check: Buy the dips in Nifty Pharma, Sell the rallies in Nifty FMCG
The near-term trend is displaying a bullish bias for the Nifty Pharma index
Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless
Stocks to Watch today: Analysts expect Infosys to report muted quarter-on-quarter (QoQ) revenue growth between 0.1-0.7 per cent in constant currency (cc).
 "Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless")
Sebi approves proposal for change in control of HDFC Capital Advisors
The proposed amalgamation is subject to receipt of final approvals from Securities and Exchange Board of India (Sebi) in respect of change in control of certain subsidiaries of HDFC Limited
 "Sebi approves proposal for change in control of HDFC Capital Advisors")
Nifty criteria may be tweaked before RIL's financial services arm demerger
Current rule could lead to firm's exclusion from index
 "Nifty criteria may be tweaked before RIL's financial services arm demerger")
Avoid paint stocks as crude oil may keep margin cheer at bay: Analysts
Analysts advise investors to avoid the sector over the short-to-medium term
 "Avoid paint stocks as crude oil may keep margin cheer at bay: Analysts")
Markets gain for eighth day as FPIs step up buying; Sensex gains 235 points
The market breadth was positive with 2,036 stocks advancing and 1,480 declining
 "Markets gain for eighth day as FPIs step up buying; Sensex gains 235 points")
New orders should boost BHEL's prospects; analysts have mixed views
Titagarh is a major beneficiary of an expanding Railways Budget. It's presence in metro rail, train sets, and propulsion systems offer broad growth opportunities
 "New orders should boost BHEL's prospects; analysts have mixed views")
Nestle India declares interim dividend of Rs 27/share, fixes record date
The FMCG giant has fixed 21 April as the record date for determining the eligibility of shareholders for interim dividend payment
 "Nestle India declares interim dividend of Rs 27/share, fixes record date")
Sebi unveils new logo with a modern design on 35th Foundation Day
Set up on April 12, 1988, Sebi was granted statutory powers in 1992. Today it is said to have more statutory powers than other market regulators like US SEC
 "Sebi unveils new logo with a modern design on 35th Foundation Day")
Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%
CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19
 "Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%")