Page 1387 - Markets News
Analysts turn cautious on Cipla as US FDA action delays key US launches
Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant
 "Analysts turn cautious on Cipla as US FDA action delays key US launches")
Street cautious on ABFRL amid weak performance in value segment
Revenue performance was led by lifestyle brands which grew 18 per cent with 5 per cent like-to-like growth
 "Street cautious on ABFRL amid weak performance in value segment")
Market regulator Sebi suspends small town-linked incentive for MFs
The B30 incentive allows MFs to charge up to 30 basis points over and above the expense ratio if a certain portion of their assets is from B30 regions
 "Market regulator Sebi suspends small town-linked incentive for MFs")
Day after breather, benchmark indices fall on rising US 10-year yield
Analysts said investors are now trying to gauge how high-interest rates will rise in the US and Europe
 "Day after breather, benchmark indices fall on rising US 10-year yield")
Stock manipulation via YouTube: Sebi bars Arshad Warsi, wife & 31 entities
YouTube channel operators published videos disseminating false information, claims, and target prices
 "Stock manipulation via YouTube: Sebi bars Arshad Warsi, wife & 31 entities")
Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attrition
The higher deposit run-down, coupled with optically higher loss in Q4, could weigh on the stock performance in the near-term
 "Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attrition")
T-bill yields continue to surge, at the same level as 10-year bond
Around a year ago, the yield on the 10-year bond was more than 220 bps higher than that on the 364-day T-bill
 "T-bill yields continue to surge, at the same level as 10-year bond")
Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5%
CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.
 "Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5%")
Stock of this SME company has zoomed over 100% in one month
Shares of Taylormade Renewables hit a new high of Rs 163.50 today and have zoomed nearly 900 per cent in the past six months
 "Stock of this SME company has zoomed over 100% in one month")
Lumax Auto extends fall to 3rd day, slips 5% despite issuing clarification
The company said it has received information that certain entities are circulating unsolicited / unauthorised SMS / Whatsapp messages regarding the shares / securities of the Company.
 "Lumax Auto extends fall to 3rd day, slips 5% despite issuing clarification")
Manipulation via Youtube: Sebi penalises Arshad Warsi, wife, 29 others
Sebi noted that Arshad Warsi has made a profit of Rs 29.43 lakh and his wife has earned a profit of Rs 37.56 lakh
Sebi passes interim orders against entities for stock manipulation via YT
The Sebi in preliminary investigations, identified 46 entities that used the video streaming platform to pump and dump stocks
 "Sebi passes interim orders against entities for stock manipulation via YT")
Rail Vikas up 10% as JV emerges lowest bidder for 200 Vande Bharat trains
A joint venture of Russian firm Transmashholding (TMH) and RVNL emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains.
 "Rail Vikas up 10% as JV emerges lowest bidder for 200 Vande Bharat trains")
Is Nifty Bank forming a short-term bottom and ready to breakout over 42K?
if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally towards 42,000 level,
 "Is Nifty Bank forming a short-term bottom and ready to breakout over 42K?")
Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days
According to analysts, Macrotech Developers is expected to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates.
 "Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days")
SC directs Sebi to probe Adani; group stocks hold gains amid heavy volumes
Adani Enterprises, the Group flagship company, saw around 38.96 million equity shares (3.4 per cent of total equity) worth of around Rs 5,487 crore change hands on the BSE this morning.
 "SC directs Sebi to probe Adani; group stocks hold gains amid heavy volumes")
Sonata Software hits new high; stock up 44% since start of the year
Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities.
 "Sonata Software hits new high; stock up 44% since start of the year")
How will the markets read into the state election outcome in 2023?
While markets eye both economic and political issues, in the medium-to-long term, analysts believe election results do not matter much
 "How will the markets read into the state election outcome in 2023?")
Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors
Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session
 "Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors")
Nifty IT, Realty indices look bullish on chart: Ravi Nathani
The technical analyst also expects a pullback in the Nifty Pharma index.
 "Nifty IT, Realty indices look bullish on chart: Ravi Nathani")