Page 1403 - Markets News
Bain Capital seeks to raise $4 bn for new global special situations fund
Bain Capital kicked off the fundraising at the start of the year and has already raised about $2 billion for the new fund, said the sources, who requested anonymity
 "Bain Capital seeks to raise $4 bn for new global special situations fund")
Two Adani group stocks decline by daily limit as MSCI trims weight
Adani Transmission, Adani Total Gas face deletion from MSCI India index, spurring over Rs 4,000-cr sell-off by passive funds
 "Two Adani group stocks decline by daily limit as MSCI trims weight")
Equities rebound on easing recession worries; HDFC twins back in green
Financial stocks gain most as Sensex, Nifty50 rise over 1%
 "Equities rebound on easing recession worries; HDFC twins back in green")
Reducing pie: Promoter pledging dips during March quarter, shows data
KPIT Technologies' promoter cut their outstanding pledges to zero
 "Reducing pie: Promoter pledging dips during March quarter, shows data")
Mankind Pharma to make market debut on Tuesday following a successful IPO
The IPO had seen strong demand from institutional investors even as the retail quota had remained undersubscribed
 "Mankind Pharma to make market debut on Tuesday following a successful IPO")
Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip
CLOSING BELL: Among sectors, the Nifty Private Bank, Realty, and Auto indices gained around 1.7 per cent each
 "Sensex leaps 710 pts after a day's hiatus; TaMo, IndusInd rise 5%, PSBs dip")
Over 1.9 mn PACL investors received Rs 920 crore in total back: Sebi
More than 19 lakh PACL investors with claims of up to Rs 17,000 have received Rs 920 crore in refunds, markets regulator Sebi said on Monday.
 "Over 1.9 mn PACL investors received Rs 920 crore in total back: Sebi")
This smallcap glass container firm has made investors richer by 5x in 5 yrs
Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent)
 "This smallcap glass container firm has made investors richer by 5x in 5 yrs")
Sensex recovers 800 pts from Friday's low; key reasons behind the rally
The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279
 "Sensex recovers 800 pts from Friday's low; key reasons behind the rally")
Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23
The company's March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis
MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%
The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month
 "MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%")
FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%
The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each
 "FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%")
TCNS deal may raise debt, near-term profitability risks for ABFRL: Analysts
Given that TCNS has been lagging peers in recovery and underperforming for more than two years now, only a successful turnaround of the same can create shareholder value, analysts said
 "TCNS deal may raise debt, near-term profitability risks for ABFRL: Analysts")
Marico zooms 9% on steady Q4 performance; brokerages upgrade stock
Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.
 "Marico zooms 9% on steady Q4 performance; brokerages upgrade stock")
Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4
The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators
 "Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4")
How will the markets interpret the outcome of Karnataka Assembly polls?
The outcome of a state election, analysts believe, does not necessarily determine the outcome of the national elections
 "How will the markets interpret the outcome of Karnataka Assembly polls?")
Equitas Small Finance Bank zooms 8% on solid March quarter results
Equitas SFB reported a 58 per cent jump in its net profit for the March quarter at Rs 190 crore, which was the lender's highest-ever profit
 "Equitas Small Finance Bank zooms 8% on solid March quarter results")
Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target
The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.
 "Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target")
Coal India down 3% as Q4 net drops on higher wages; analysts remain divided
Coal India set aside a provision of Rs 5,870.16 crore towards wages
 "Coal India down 3% as Q4 net drops on higher wages; analysts remain divided")
Best of sovereign bond rally may be over with sales deluge coming
The cracks in demand are already starting to show, as the government sold bonds at higher-than-expected cut-off yields at an auction on Thursday
 "Best of sovereign bond rally may be over with sales deluge coming")