Page 1352 - Markets News
Complying with Sebi's new rules will be challenging, onerous: AIF industry
Some believe alternative investment funds may face teething issue but the regulatory changes will eventually improve governance
 "Complying with Sebi's new rules will be challenging, onerous: AIF industry")
Rising Covid cases in India a non-event for markets for now: Analysts
Sentimental impact of bank failures in the US, global growth slowdown, state elections in India, and RBI April 6 policy in their aperture
 "Rising Covid cases in India a non-event for markets for now: Analysts")
Rs 414 cr paid to 34,497 Karvy clients from NSE's investor protection fund
The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients
 "Rs 414 cr paid to 34,497 Karvy clients from NSE's investor protection fund")
Property market steady in Jan-Mar; housing sales up 1%: Knight Frank
The gross office leasing rose 5 per cent to 11.3 million square feet in January-March, from 10.8 million square feet in the corresponding period of the previous year
Sensex ends choppy day 115 pts up, Nifty near 17,400; OMC, gas stocks slide
CLOSING BELL: Gas stocks, including Mahanagar Gas and Indraprastha Gas, dropped up to 6 per cent after the government kept domestic gas prices unchanged
 "Sensex ends choppy day 115 pts up, Nifty near 17,400; OMC, gas stocks slide")
Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend
On Monday, shares of Avalon Technologies enjoyed Rs 30 premium in the grey market, which translated to a likely listing price of Rs 465 apiece on the upper price band
 "Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend")
Here's why KPIT Technologies tumbled 8% on Monday
JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share
 "Here's why KPIT Technologies tumbled 8% on Monday")
Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways
The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE
 "Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways")
Manappurm Finance hits 52-week high; up 11% in a week on improved outlook
CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.
 "Manappurm Finance hits 52-week high; up 11% in a week on improved outlook")
Overall breadth needs to improve for a reversal in Indian market
Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
 "Overall breadth needs to improve for a reversal in Indian market")
City gas distribution shares trade weak: MGL, IGL fall up to 6%
The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023
 "City gas distribution shares trade weak: MGL, IGL fall up to 6%")
ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut
Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said
 "ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut")
Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns
The company has appointed Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company
 "Orient Electric dips 5%, nears 52-wk low as MD & CEO Rakesh Khanna resigns")
Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts
On Monday, the MCX Crude Oil futures were seen trading above the 100-DMA for the first time in more than six months. Sustained trade above Rs 6,350 can help the trend turn favourable for Crude Oil.
 "Crude Oil rallies as OPEC+ cuts output; Trend reversal unlikely hint charts")
Bond yields seen rising tracking oil prices; H1 borrowing plan weighs
The yield fell 14 basis points in March, its first monthly fall since November, but rose 48 bps in fiscal 2023, and recorded its third consecutive rise
 "Bond yields seen rising tracking oil prices; H1 borrowing plan weighs")
Stocks to Watch: Tata Motors, ONGC, Maruti, HAL, RVNL, HG Infra, JSW Energy
Stocks to Watch: Oil related stocks like ONGC/Oil India/RIL/ refiners will be in focus as crude jumped 8 per cent following a surprise output cut by the OPEC+
 "Stocks to Watch: Tata Motors, ONGC, Maruti, HAL, RVNL, HG Infra, JSW Energy")
Traders can adopt buy-on-dips strategy for Nifty, Nifty Bank: Ravi Nathani
The technical analyst recommends to employ 'buy-on-dips' trading strategy for Nifty, given positive outlook for the index in the short term
 "Traders can adopt buy-on-dips strategy for Nifty, Nifty Bank: Ravi Nathani")
Lock, stock, and over a barrel for firms with April lock-in expiry date
Newly listed stocks in focus
 "Lock, stock, and over a barrel for firms with April lock-in expiry date")
Street Signs: Covid trot to winning run, Avalon Tech's premium, and more
Banking stocks outperformed in the just-concluded financial year (2022-23), with the sectoral gauge gaining 12 per cent, against a 0.6 per cent decline in the benchmark National Stock Exchange Nifty
 "Street Signs: Covid trot to winning run, Avalon Tech's premium, and more")
Growth, margins play whack-a-mole with consumer discretionary space
Some brokerages bet on consumer staples, preferring this more defensive space
 "Growth, margins play whack-a-mole with consumer discretionary space")