Page 1347 - Markets News
Hindenburg effect: Retail investors are snapping up Adani group's stocks
Adani Group has sold stakes and conducted road shows to calm investors since Hindenburg made allegations of accounting fraud and share price manipulation against the group
 "Hindenburg effect: Retail investors are snapping up Adani group's stocks")
Data Patterns hits new high; stock rallies 28% over QIP issue price
The strong order backlog at Rs 1,014 crore as of January 2023, and healthy order pipeline provides strong revenue visibility
 "Data Patterns hits new high; stock rallies 28% over QIP issue price")
Rupee seen flat at 82 for $1; US yields, importers hedging in focus
The Indian rupee is likely to open little changed to the U.S. currency on Tuesday, with traders assessing the outlook for U.S. yields and keeping a watch on importers' demand for the greenback
 "Rupee seen flat at 82 for $1; US yields, importers hedging in focus")
PSU Bank index soars 3% on BoB's strong biz update, SBI fund raising plan
In Q4, the operational performance was expected to remain positive across lenders with PSU banks seen delivering continued strong earning trajectory.
 "PSU Bank index soars 3% on BoB's strong biz update, SBI fund raising plan")
DLF, Godrej Prop: Realty stks still have room to build gains, say analysts
The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying
 "DLF, Godrej Prop: Realty stks still have room to build gains, say analysts")
Neogen Chemicals surges 5% after it inks pact with Japanese firm MUIS
This acquisition will help Neogen to strengthen its position in the electrolyte market in India.
 "Neogen Chemicals surges 5% after it inks pact with Japanese firm MUIS")
Bank Nifty may not hold recent gains; advise selling on rally: Ravi Nathani
Technical analyst Ravi Nathani says the best trading strategy for near-term traders would be to sell Nifty Bank on rallies, with a stop-loss of 41,364
 "Bank Nifty may not hold recent gains; advise selling on rally: Ravi Nathani")
Stocks to watch: JSW Steel, Cipla, Zydus Life, Kaveri Seed, Kalpataru Power
Stocks to watch today: From Cipla to Zydus Lifesciences, here are top stocks to watch in Tuesday's trading session
 "Stocks to watch: JSW Steel, Cipla, Zydus Life, Kaveri Seed, Kalpataru Power")
ICICI Prudential Mutual Fund launches scheme on innovation theme
The new fund offer, which opened on April 10, will close on April 24
 "ICICI Prudential Mutual Fund launches scheme on innovation theme")
Wall Street bank earnings under pressure after global banking crisis
Earnings per share (EPS) for the six biggest US banks are expected to be down about 10 per cent from a year earlier, analyst estimates from Refinitiv I/B/E/S show
 "Wall Street bank earnings under pressure after global banking crisis")
Analysts play it safe; prefer safety of large-caps amid multiple headwinds
Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.
 "Analysts play it safe; prefer safety of large-caps amid multiple headwinds")
New gas price policy positive for city gas distributors, oil producers
Market analysts are somewhat divided on the CGD companies and on OIL and ONGC
 "New gas price policy positive for city gas distributors, oil producers")
Foreign portfolio investors pull out Rs 11k cr from energy, finance, IT
Turn their attention to capital goods, construction, FMCG, consumer durables in March
 "Foreign portfolio investors pull out Rs 11k cr from energy, finance, IT")
Sensex and Nifty50 record longest winning streak in four months
Sensex and Nifty have risen by around 4 per cent in the six days of gains which is the longest winning run since the eight-day rally from November 22 to December 1 last year
 "Sensex and Nifty50 record longest winning streak in four months")
Tata Motors surges 8% on better than expected JLR wholesales in Q4
Tata Motors' wholesales of 107,386 units at JLR for Q4FY23, comes as a positive development as, during the last call, the company had guided for wholesales at over 80,000 units
 "Tata Motors surges 8% on better than expected JLR wholesales in Q4")
National Stock Exchange cautions investors against 'dabba' trading
The exchange said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Moreover, a police complaint has been lodged in this regard
 "National Stock Exchange cautions investors against 'dabba' trading")
NSE's strict-governance platform in limbo after tepid corporate response
Lukewarm response from corporate houses forces bourse to put NSE Prime on back burner
 "NSE's strict-governance platform in limbo after tepid corporate response")
Realty stocks soar on back of robust sales; sectoral index up 7.8%
The strong numbers boosted hopes of a boom in housing. Analysts said the realty companies had benefited from inflation as it led to a rise in asset prices
At 19%, BoB's loans grew faster than overall banking system in FY23
The lender's deposit growth at 15.1% YoY was also higher than the banking average
 "At 19%, BoB's loans grew faster than overall banking system in FY23")
Aditya Birla Sun Life, Axis MF call off NFOs on tepid investor response
Decisions come after launch period is over; experts say one reason for failure of the NFOs was investors' rush for select debt schemes in the last week of March
 "Aditya Birla Sun Life, Axis MF call off NFOs on tepid investor response")