Page 14 - Markets News
Sebi shares trade data with Jane Street, seeks response to allegations
The Securities and Exchange Board of India has provided time, quantity and pricing details of actual trades
 "Sebi shares trade data with Jane Street, seeks response to allegations")
Newly-listed Arcil hits 10% upper circuit as Q1 profit more than doubles
Arcil shares debuted on the bourses on September 17, listing at par with the issue price of ₹139 on both the BSE and NSE.
 "Newly-listed Arcil hits 10% upper circuit as Q1 profit more than doubles")
PVR Inox rallies 10%; stock hits 22-month high in weak market
Analysts estimate 31% occupancy for PVR Inox, aided by a strong performance of Hollywood content such as Odyssey and Spider-Man: Brand New Day, along with sleeper hits like Hanuman Ansh.
 "PVR Inox rallies 10%; stock hits 22-month high in weak market")
Markets can be irrational in short term, rupee may be undervalued: RBI Guv
Malhotra said financial markets can be irrational in the short run and noted that measures including the REER suggest the rupee may be undervalued
 "Markets can be irrational in short term, rupee may be undervalued: RBI Guv")
14,677% returns in 5 years! Cupid share price zooms 228% YTD, hits new high
In the past year, Cupid's stock price zoomed 701 per cent against a 4.6 per cent fall in the Nifty 500 index.
 "14,677% returns in 5 years! Cupid share price zooms 228% YTD, hits new high")
RBI delivers timely, hawkish rate hike; 2 more on the cards: VK Vijayakumar
VK Vijayakumar said that the pivot in stance, alongside an evolving macroeconomic outlook, strongly signals that two more rate hikes are highly probable in this tightening cycle.
 "RBI delivers timely, hawkish rate hike; 2 more on the cards: VK Vijayakumar")
Axis, AU Bank, PNB: Brokerages identify 5 bank stocks after RBI hikes rate
Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank are the 5 bank stocks identified by Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One based on the technical chart set-up.
 "Axis, AU Bank, PNB: Brokerages identify 5 bank stocks after RBI hikes rate")
Inflation trajectory holds key for further rate hikes: Aditi Nayar, ICRA
Our base case pencils in the headline CPI inflation to average at 5 per cent in FY27, with risks tilted to the upside.
 "Inflation trajectory holds key for further rate hikes: Aditi Nayar, ICRA")
RBI hike reinforces stock selection, not broad equity caution: Ajit Mishra
Going ahead, crude oil prices, food inflation, the rupee and global monetary conditions will be the key variables to watch.
 "RBI hike reinforces stock selection, not broad equity caution: Ajit Mishra")
RBI's rate cut pre-emptive measure than start of hike cycle: Sujan Hajra
A 25-bps hike today may reduce some near-term policy flexibility, but it also lowers the risk of having to undertake a much sharper adjustment later, said Sujan Hajra, chief economist at Anand Rathi
 "RBI's rate cut pre-emptive measure than start of hike cycle: Sujan Hajra")
Kanohar Electricals soars 20%; stock up 79% from IPO price in three weeks
Kanohar Electricals' share price hit a new high of ₹1,129.35 on the BSE in Wednesday's intra-day deals, having zoomed 79% from its issue price of ₹632 per share.
 "Kanohar Electricals soars 20%; stock up 79% from IPO price in three weeks")
RBI hikes interest rates by 25 bps: What next for the markets?
The more important signal from here will be the RBI's forward guidance, analysts said, and whether this marks the beginning of a broader tightening cycle.
 "RBI hikes interest rates by 25 bps: What next for the markets?")
Monetary Policy shifts gear, lays emphasis on containing supply-side shocks
The Governor acknowledged that price pressures are increasingly extending beyond food and fuel.
 "Monetary Policy shifts gear, lays emphasis on containing supply-side shocks")
Rate hike not to significantly impact earnings or growth: Ambareesh Baliga
Ambareesh Baliga said he does not see a rate-easing cycle even if the West Asia situation is resolved. However, if the situation remains unresolved, he expects further rate hikes by the central bank.
 "Rate hike not to significantly impact earnings or growth: Ambareesh Baliga")
RBI turns hawkish; what does it mean fixed-income investors? Experts decode
RBI's MPC hiked the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.
 "RBI turns hawkish; what does it mean fixed-income investors? Experts decode")
Bond yields rise to 7.27%, rupee declines as RBI hikes rates by 25 bps
The yield on India's 10-year bonds jumped 5 basis points to 7.27 per cent after the decision and was up 8 bps compared to Tuesday's close of 7.19 per cent, according to data on Bloomberg.
 "Bond yields rise to 7.27%, rupee declines as RBI hikes rates by 25 bps")
RBI rate hike impact: Bank, NBFC shares rebound; Auto, realty trade weak
At 10:31 AM on Wednesday, the Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services traded up to 1% higher; while, the Nifty Auto and Nifty Realty remained in negative zone.
 "RBI rate hike impact: Bank, NBFC shares rebound; Auto, realty trade weak")
RBI MPC outcome: Experts see another 25-bps hike as inflation heats up
The Reserve Bank of India's Monetary Policy Committee unanimously hiked the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.
 "RBI MPC outcome: Experts see another 25-bps hike as inflation heats up")
Chennai Petroleum, MRPL shares defy market weakness, gain up to 6%
Analysts said that upstream players and standalone refiners will outperform in the second quarter on firm crude realisations and strong transport fuel cracks.
 "Chennai Petroleum, MRPL shares defy market weakness, gain up to 6%")
Kalyan Jewellers shares shine on Q2 business update, rise over 3%
Kalyan posted a consolidated revenue growth of over 26 per cent year-on-year (YoY), led by robust operating momentum on the ground with healthy same-store-sales growth.
 "Kalyan Jewellers shares shine on Q2 business update, rise over 3%")