Page 1404 - Markets News
Expect sideways movement in market with focus on Smallcap and midcap space
The week gone by had 4 trading sessions, but it had plenty of action and behaved on expected lines. It began positively, went sideways, gained and then crashed
 "Expect sideways movement in market with focus on Smallcap and midcap space")
FPIs invest Rs 10,850 cr in just 4 trading sessions, due to stable economy
Foreign portfolio investors (FPIs) continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions due to the country's stable macroeconomic environment
 "FPIs invest Rs 10,850 cr in just 4 trading sessions, due to stable economy")
Q4 earnings, foreign fund trading key triggers for mkts this week: Analysts
The domestic equity markets will be driven by ongoing quarterly earnings announcements and global factors this week, analysts said
 "Q4 earnings, foreign fund trading key triggers for mkts this week: Analysts")
Mcap of 4 of top 10 firms falls by Rs 56,006 cr, HDFC twins falls steepest
Four of the top 10 valued firms together lost Rs 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit
 "Mcap of 4 of top 10 firms falls by Rs 56,006 cr, HDFC twins falls steepest")
Demand uncertainty may weigh on Havells stock; B2C sales show muted trend
Despite FY23 revenue growing 21 per cent YoY, Havells faced rising input costs and intense competition with moderation only in Q4
 "Demand uncertainty may weigh on Havells stock; B2C sales show muted trend")
Nexus Select Trust to raise Rs 3,200 crore through IPO next week
The Nexus Select Trust has a retail portfolio of over 3,000 stores, a total occupancy rate of 95 per cent and an annual footfall of over 130 million shoppers
 "Nexus Select Trust to raise Rs 3,200 crore through IPO next week")
Trent stays on growth track, stock rises 18% in 3 months; hit margins in Q4
Higher costs and lower value segment, however, hit margins in Q4
 "Trent stays on growth track, stock rises 18% in 3 months; hit margins in Q4")
Sebi revises requirements for issuance, listing of transition bonds
To facilitate transparency and informed decision-making among the investors, markets regulator Sebi on Friday mandated additional requirements for the issuance and listing of transition bonds.
 "Sebi revises requirements for issuance, listing of transition bonds")
HDFC twins take mkts down by 1%, BSE-listed firms investors lose Rs 1.4 trn
On Friday, the market breadth was weak, with 2,127 stocks declining and 1,390 advancing
 "HDFC twins take mkts down by 1%, BSE-listed firms investors lose Rs 1.4 trn")
HDFC twins sink 6% on MSCI weighting update; biggest 1-day fall in 3 years
Merged entity to have far lower weighting than expected
 "HDFC twins sink 6% on MSCI weighting update; biggest 1-day fall in 3 years")
Demat additions slow in April despite sharp market rally, shows data
Market experts said that a combination of direct equity investors reaching a saturation point and less number of initial public offerings or IPOs in the market have contributed to this trend
 "Demat additions slow in April despite sharp market rally, shows data")
Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%
CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.
 "Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%")
Sebi prescribes additional disclosures for issuing transition bonds
Disclosures on implementation and utilisation of funds aim to ensure there is no misallocation
 "Sebi prescribes additional disclosures for issuing transition bonds")
Federal Bank slumps 8% despite record profit of Rs 903 cr in Q4; here's why
Net interest margin (NIM) contracted to 3.31 per cent vs 3.49 per cent QoQ
 "Federal Bank slumps 8% despite record profit of Rs 903 cr in Q4; here's why")
CEAT rallies over 5% in weak market on 5-fold jump in Q4 net
The tyre-maker reported 420.7 per cent surge in Q4 net profit to Rs 132.42 crore for the quarter ended March 2023 as against Rs 25.43 crore in the year ago period.
 "CEAT rallies over 5% in weak market on 5-fold jump in Q4 net")
ITC increases stake in food brand Sproutlife to 39.42% for Rs 175 cr
Earlier in January this year, ITC had said that it would acquire 100% of Sproutlife Foods Private Limited, makers of Yoga Bar healthy foods
 "ITC increases stake in food brand Sproutlife to 39.42% for Rs 175 cr")
Limited downside seen in markets as over half of Nifty500 stks hold 200-DMA
Following a sharp reversal at the end of the April series, the BSE Sensex and Nifty 50 took a breather near to their respective the 200-day moving average (DMA) before offering the next leg of upside
 "Limited downside seen in markets as over half of Nifty500 stks hold 200-DMA")
Investors book profit in BHEL; stock slides 7% after soaring 26% in a month
BHEL has bagged numerous orders over the past few months, keeping analysts bullish on the stock
 "Investors book profit in BHEL; stock slides 7% after soaring 26% in a month")
Sebi to tell brokers, mutual funds to limit use of financial influencers
Sebi will ask brokers, traders registered with it and mutual funds to stop associating with financial influencers who are seen to be giving misleading advise and inducing investors, the report said
Stable macro data, earnings trigger FPI buying in shares in April: NSDL
The benchmark Nifty 50 jumped 4.06% in April, its best month since November, aided by the stable earnings as well the return of the FPIs into domestic equities
 "Stable macro data, earnings trigger FPI buying in shares in April: NSDL")