Page 1415 - Markets News
Sell-off in Adani, bank stocks turn investors poorer by Rs 11 trn in 2 days
The sell-off in Adani Group firms has wiped out $45 billion of investors' wealth over the last two sessions after Hindenburg Research alleged "brazen stock manipulation"
 "Sell-off in Adani, bank stocks turn investors poorer by Rs 11 trn in 2 days")
Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600
Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%
 "Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600")
Stock markets achieve complete transition to T+1 settlement regime
Globally most stock exchanges in developed as well as emerging markets follow the T+2 settlement system
 "Stock markets achieve complete transition to T+1 settlement regime")
Reliance Industries hits 10-month low, stock slips 15% since December
The stock dipped 3% to Rs 2,312 per share and traded trading at its lowest level since March 2022.
 "Reliance Industries hits 10-month low, stock slips 15% since December")
F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level
Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.
 "F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level")
HAL, BDL, BEL: Higher defence budget may spark fresh rally in related stks
Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022
 "HAL, BDL, BEL: Higher defence budget may spark fresh rally in related stks")
Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows
Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows
 "Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows")
ITC gains nearly 3%, hits over two-month high in weak market
Brokerages expect strong growth for ITC's FMCG business led by price hikes, strong traction in discretionary categories (due to high mobility) & strong growth in education & stationary business.
 "ITC gains nearly 3%, hits over two-month high in weak market")
Adani Group stocks sink up to 20%; CLSA sees limited risk to banks
Shares of the group's flagship company Adani Enterprises tumbled 6.2 per cent, while those of Adani Green and Adani Total Gas declined 15.5 per cent and 19.6 per cent, respectively
 "Adani Group stocks sink up to 20%; CLSA sees limited risk to banks")
Banks under pressure; Nifty Bank, PSU Bank indices crack up to 5% in 2 days
Global broking and research firm CLSA said on Thursday, that the Adani Group poses no "significant downside risk" to Indian banks.
 "Banks under pressure; Nifty Bank, PSU Bank indices crack up to 5% in 2 days")
Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack
Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens
 "Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack")
Tata Motors surges 6%, hits over 4-month high on strong Q3 performance
Tata Motors will benefit from a macro recovery in India, company-specific volume/margin drivers, and a sharp improvement in FCF and leverage in both JLR and India ops, Motilal Oswal said in a note.
 "Tata Motors surges 6%, hits over 4-month high on strong Q3 performance")
Pharma, Energy, Commodities indices look bearish on charts: Ravi Nathani
According to the technical analyst, the Nifty Energy index can drop to 24,239, and the Pharma to 12,100.
Stocks to Watch: Adani Group, Tata Motors, Dr.Reddy's, DLF, Airtel, IGL
Stocks to Watch: Adani Enterprises FPO and Earthstahl & Alloys IPO opens for subscription on Friday. Shares of Adani Group companies also likely to be in focus amid the Hindenburg controversy.
 "Stocks to Watch: Adani Group, Tata Motors, Dr.Reddy's, DLF, Airtel, IGL")
Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr
Healthy interest margins, credit offtake boost bottomline; provisions show subdued rise on better asset quality
 "Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr")
Pension funds trim India bets, assets down nearly Rs 60,000 cr in 2022
China's reopening of the economy could be one factor for the trend, say analysts
 "Pension funds trim India bets, assets down nearly Rs 60,000 cr in 2022")
India to move to T+1 settlement from Friday: Here's what experts say
Friday will be a landmark day for the domestic markets with all listed stock entering the so-called T+1 settlement cycle
 "India to move to T+1 settlement from Friday: Here's what experts say")
India sells first green bonds at 5-6 basis points below sovereign yields
The proceeds would be used for 'green' projects such as solar power, wind and small hydro projects and other public sector projects that help reduce the economy's carbon footprint
 "India sells first green bonds at 5-6 basis points below sovereign yields")
Domestic demand drives Bajaj Auto's small profit growth; net up by 3%
On a standalone basis, the company's net profit was up 23 per cent to Rs 1,491 crore
 "Domestic demand drives Bajaj Auto's small profit growth; net up by 3%")
Sebi penalises PMIA, directors for Rs 28 lakh for violating market norms
Sebi on Wednesday levied penalties totalling Rs 28 lakh on Pinnacle Market Investment Advisory (PMIA) and its directors for violating regulatory norms
 "Sebi penalises PMIA, directors for Rs 28 lakh for violating market norms")