Page 1345 - Markets News
Venus Pipes rallies 7% to hit record high as Ashish Kacholia buys 2% stake
On April 11, 2023, Ashish Rameshchandra Kacholia bought 4 lakh equity shares, which represented 1.98 per cent stake of Venus Pipes at Rs 750 per share via block deal
 "Venus Pipes rallies 7% to hit record high as Ashish Kacholia buys 2% stake")
Sula Vineyards jumps 11% after strong March quarter business update
Analysts believe that the wine producer is well placed to leverage global consumer shift towards low-alcohol beverage segment - beer and wine
 "Sula Vineyards jumps 11% after strong March quarter business update")
Stocks to Watch: TCS, HDFC Bank, Adani Ent, Sugar, Paras Defence, BHEL
Stocks to watch today: Lenders of debt-ridden Reliance Capital (RCap) have fixed April 26 as the new date for the second auction. As per the earlier schedule, it was to be held on April 11
 "Stocks to Watch: TCS, HDFC Bank, Adani Ent, Sugar, Paras Defence, BHEL")
HDFC Securities picks two stocks with bullish breakout patterns; Check here
The stock of Bank of Baroda is on the verge of breaking out from the symmetrical triangle
 "HDFC Securities picks two stocks with bullish breakout patterns; Check here")
Charts show bullish trend for Nifty Auto, adopt buy-on-dips: Ravi Nathani
Based on the technical analysis of the Nifty Auto index using near-term charts, it is anticipated that the index may continue its upward trend in the near to short term, said the technical analyst
 "Charts show bullish trend for Nifty Auto, adopt buy-on-dips: Ravi Nathani")
Kotak Mahindra Bank jumps 5% to Rs 1,847.60 after FPI room increases
Analysts said, the higher legroom will lead to an increase in the lender's weight in the MSCI India index, purchases worth close to a billion dollars of its stock
 "Kotak Mahindra Bank jumps 5% to Rs 1,847.60 after FPI room increases")
Shareholder count in all 10 Adani stocks jumps despite Hindenburg storm
Adani Enterprises and Adani Ports-both part of the benchmark Nifty 50 index-saw the highest increase in number of shareholders, mainly individual investors
 "Shareholder count in all 10 Adani stocks jumps despite Hindenburg storm")
Sebi codifies 'excuse-exclude' norms used by AIFs for managing portfolios
Move to help curb cherry-picking of deals by LPs, manage conflict of interest
 "Sebi codifies 'excuse-exclude' norms used by AIFs for managing portfolios")
Too early to say if sub-par monsoon will dent market sentiment: Analysts
Experts say that the volume of rainfall, its timing and dispersion will crucially influence crop sowing, output and prices
 "Too early to say if sub-par monsoon will dent market sentiment: Analysts")
Oil prices rise in choppy trading with US and China inflation in focus
Brent crude futures rose 65 cents, or 0.8%, to $84.83 a barrel by 1405 GMT. US West Texas Intermediate futures rose 92 cents, or 1.2%, to $80.66 a barrel
 "Oil prices rise in choppy trading with US and China inflation in focus")
Sebi imposes fine of Rs 15 lakh on 3 individuals for non-genuine trades
In three separate orders, the watchdog slapped a fine of Rs 5 lakh each on Radha Devi Goenka, Radhey Shyam Manchanda and Sanchit Arora
 "Sebi imposes fine of Rs 15 lakh on 3 individuals for non-genuine trades")
Sebi to AIFs: Offer direct plans; introduces trail model for commissions
New norms to curb mis-selling, bring parity on upfront commissions that are already barred in MFs, PMS
Majority large-Cap equity MFs fall behind benchmark in 2022: S&P Dow Jones
In the same period, the benchmark for Indian Equity Mid-/Small-Cap funds -- the S&P BSE 400 MidSmallCap index -- rose 2% in 2022, and 55% of active managers underperformed the index over that period
 "Majority large-Cap equity MFs fall behind benchmark in 2022: S&P Dow Jones")
Private equity inflows plunge over 75% to $2.2 bn in March quarter: Report
At $2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at $1.7 billion
 "Private equity inflows plunge over 75% to $2.2 bn in March quarter: Report")
NSE's IPO plan unapproved by Sebi until pending cases are resolved: Report
A delayed NSE IPO will test the patience of its core shareholders - banks, insurance companies and foreign funds - who have been waiting for an exit opportunity in rising markets
 "NSE's IPO plan unapproved by Sebi until pending cases are resolved: Report")
Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts
CLOSING BELL: The Nifty50 added 98 points to end at 17,722 level
 "Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts")
Sebi resolves 2,838 complaints against firms via SCORES platform in March
At the beginning of March, as many as 2,241 complaints were pending and 2,643 fresh complaints were received during the month, the data released by Sebi on Monday showed
NSE Indices launches India's first REITs & InvITs index with six securities
Weights of securities to be based in their free-float market cap, exposure to a particular REIT or InvIT not to exceed 33%; aggregate weight of top-three securities capped at 72%
 "NSE Indices launches India's first REITs & InvITs index with six securities")
Torrent Power wins contract for 1,100 MW power supply; stock up 5%
Since February 1, the stock of the integrated power utilities company has rallied 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex
 "Torrent Power wins contract for 1,100 MW power supply; stock up 5%")
This stock has zoomed over 900% in 3 years, company to mull bonus issue
So far in the calendar year 2023, VSSL surged nearly 40 per cent after the company reported strong operational performance in Q3FY23, due to higher sales of value added products and cost optimisation
 "This stock has zoomed over 900% in 3 years, company to mull bonus issue")