Page 1416 - Markets News
Sensex soars 1,031 pts, ends FY23 0.7% up; Nifty regains 17,350; RIL shines
CLOSING BELL: Nestle India, Infosys and ICICI Bank were the other major gainers among the Sensex 30 on Friday, up over 3 per cent each.
 "Sensex soars 1,031 pts, ends FY23 0.7% up; Nifty regains 17,350; RIL shines")
Recap FY23: Five key events that shaped equity markets this fiscal year
The turbulence in FY23 can be attributed to a concoction of interest rate hikes, foreign investment outflows, a global war, soaring food, fuel prices and a global banking crisis
 "Recap FY23: Five key events that shaped equity markets this fiscal year")
Vedanta slips 2% in a strong market after nearly 2% equity changes hands
A combined 69 million shares, representing 1.86 per cent of total equity of Vedanta, have changed hands on the NSE and BSE so far
 "Vedanta slips 2% in a strong market after nearly 2% equity changes hands")
Astec Lifesciences zooms 37% in two days on heavy volumes
With the rally in the past two days, the stock has bounced back 40 per cent from its 52-week low of Rs 1,050 touched recently on Tuesday, March 28
 "Astec Lifesciences zooms 37% in two days on heavy volumes")
VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore
As of December 31, 2022, VA Tech Wabag has an order book of over Rs 10,000 crore, that includes framework contracts, with 3 times revenue visibility
 "VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore")
Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook
The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.
 "Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook")
Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%
The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.
 "Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%")
Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered
Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.
 "Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered")
FTSE Russell keeps India on watch list post latest govt bond index review
India and Switzerland have been on watch since 2021 for possible inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI) and World Government Bond Index (WGBI) respectively
 "FTSE Russell keeps India on watch list post latest govt bond index review")
Market valuations are attractive; buy selectively for long term: Analysts
Over the past few months, rising interest rates amid surging inflation has dented market sentiment across the globe
 "Market valuations are attractive; buy selectively for long term: Analysts")
Equity fundraising in FY23 put through Fed wringer; IPO mop-up down 52%
The IPO activity was sporadic in FY23, with 25 of the 37 IPOs taking place in just three months
 "Equity fundraising in FY23 put through Fed wringer; IPO mop-up down 52%")
Nifty Commodities show bearish trend, suggest 'sell-on-rise': Ravi Nathani
The technical analyst recommends traders to employ a "sell on the rise" strategy when trading Nifty Commodities, given that its short-term pattern appears to be trading within a range of 5,600-5,400
 "Nifty Commodities show bearish trend, suggest 'sell-on-rise': Ravi Nathani")
Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL
Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session
 "Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL")
After worst streak in 22 years, India's $3 trn mkt positioned for a rebound
After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group
 "After worst streak in 22 years, India's $3 trn mkt positioned for a rebound")
New guidelines, higher M&HCV demand to drive gains for Bosch stock
Strong volume growth in its core segments of M&HCV/tractors should help keep the sales trajectory elevated
 "New guidelines, higher M&HCV demand to drive gains for Bosch stock")
Sebi rectifies penalty on Samir Jain, wife and others in PNB Finance case
Sebi found connected entities holding 91.51 per cent and 94.45 per cent in PNBFIL and CCCL, respectively
 "Sebi rectifies penalty on Samir Jain, wife and others in PNB Finance case")
No stop to the drop: Markets set for fourth straight monthly decline
If the Nifty finishes in the red for the month, this will be the first time in over two decades that the index has fallen for four straight months
 "No stop to the drop: Markets set for fourth straight monthly decline")
Sebi considers bringing in new expense structure for mutual funds
Plans to link expense ratio to AMCs' total AUM in an asset class
 "Sebi considers bringing in new expense structure for mutual funds")
Domestic steel demand will continue to see healthy growth till FY25: CRISIL
Strong demand prospects, coupled with the absence of any major supply addition in the last three fiscals, have set the stage for capital expenditure (capex)
 "Domestic steel demand will continue to see healthy growth till FY25: CRISIL")
Fourth quarter of 2022-23 sees lowest IPO fundraising in 9 yrs: Report
Thirty-seven Indian corporates raised Rs 52,116 crore through main board IPOs in financial year 2022-23, less than half of the Rs 1.11 lakh (all-time high) mobilised by 53 IPOs in 2021-22
 "Fourth quarter of 2022-23 sees lowest IPO fundraising in 9 yrs: Report")