Page 1421 - Markets News
Rural recovery, price cuts to drive volume gains for consumer companies
It's 'rule Britannia' for brokerages; analysts divided on extent of margin gains
 "Rural recovery, price cuts to drive volume gains for consumer companies")
US Fed meeting, banking crisis to drive equity markets this week: Analysts
The US banking crisis remained at the centre stage keeping the participants on their toes. Besides, the continuous outflow the foreign funds added to worries, analysts said
 "US Fed meeting, banking crisis to drive equity markets this week: Analysts")
FPIs invests Rs 11,500 crore in Indian equities in March thus far
Foreign investors have put in Rs 11,500 crore in the Indian equities so far this month, mainly driven by bulk investment from the US-based GQG Partners in the Adani Group companies
 "FPIs invests Rs 11,500 crore in Indian equities in March thus far")
Indian markets may underperform in 2023; buy the dips: CJ George
The direct investment in the cash segment by retail investors continues to be muted
 "Indian markets may underperform in 2023; buy the dips: CJ George")
Apple, Microsoft dominance on stock indexes grows in benchmark overhaul
Tech will remain by far the largest of the 11 industries in the S&P 500. It accounts for 29% of the S&P 500, its highest in more than a year, and up from a January low of 25.3%
 "Apple, Microsoft dominance on stock indexes grows in benchmark overhaul")
ESOPs: Market regulator Sebi could tweak regulations for start-ups
Sebi does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said
 "ESOPs: Market regulator Sebi could tweak regulations for start-ups")
GQG Partners trims its stake in HDFC AMC from 5.33% to 2.76%
Shares of HDFC AMC last closed at Rs 1,677. The stock is down 13 per cent in the past six months. GQG was recently in news for its $1.9 billion share purchase of four Adani group stocks
 "GQG Partners trims its stake in HDFC AMC from 5.33% to 2.76%")
SAT reserves Sebi order against Arshad Warsi in pump-and-dump case
The regulator had barred the actor and his wife for manipulation of Sadhna Broadcast shares via YouTube videos
Bailout of global lenders brings relief to market, benchmarks gain
Nifty50 back above 17,000, brings down weekly loss to less than 2% from 3.5%
 "Bailout of global lenders brings relief to market, benchmarks gain")
FPIs' short positions on Nifty most since March 2020, shows data
FPIs have not just built aggressive short positives on the index futures, they have also unwound their long positions in the single stock futures, shows an analysis by Nuvama Institutional Equities
 "FPIs' short positions on Nifty most since March 2020, shows data")
Gopinathan's resignation will not hurt TCS much; add stock on dips: Experts
Analysts say the stock price could turn volatile in the near-term as the development comes amid a challenging macro-environment including fears of a potential recession in the US
 "Gopinathan's resignation will not hurt TCS much; add stock on dips: Experts")
Banks, IT lift Sensex 355 pts higher, Nifty atop 17,100; auto, pharma dip
CLOSING BELL: IT major TCS ended marginally in red amid high volatility a day after Gopinathan's resignation. In the broader markets, realty stocks also ended with solid gains.
 "Banks, IT lift Sensex 355 pts higher, Nifty atop 17,100; auto, pharma dip")
Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%
In past 2 days, DLF surged 9 per cent after the company said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days.
 "Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%")
NCC rallies 19% thus far in March on Rs 2,374-crore order win in February
Going forward, the management expects the gained momentum in the order inflows to continue with its strong emphasis on affordable housing, Jal Jeevan mission, roads and expressways, metro and railways
 "NCC rallies 19% thus far in March on Rs 2,374-crore order win in February")
Stock of this IT company has zoomed over 1,200% in 3 years
On Wednesday, KPIT Technologies announced its partnership with Honda to realize the journey of Honda's Software-Defined Mobility (SDM)
 "Stock of this IT company has zoomed over 1,200% in 3 years")
BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.
 "BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs")
Eris down 4% in 2 days post acquisition of 9 derma brands from Dr Reddy's
Eris Life said that the transaction would help augment and expand cosmetic dermatology business of the company through their product offerings
 "Eris down 4% in 2 days post acquisition of 9 derma brands from Dr Reddy's")
Sterling Tools hits 5-year high, surges 10% on strong business outlook
EV penetration in 2W and 3W is expected to increase at a fast rate over the next few years which augurs well for the company's growth.
 "Sterling Tools hits 5-year high, surges 10% on strong business outlook")
TCS down 1%, hits 4-month low day after CEO & MD Rajesh Gopinathan resigns
The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.
Nandish Shah recommends Bull Spread on Glenmark Pharma for March series
The derivative analyst from HDFC Securities recommends to Buy Glenmark Pharma 440 CALL at Rs 7 & simultaneously sell 450 CALL at Rs 4 of March series
 "Nandish Shah recommends Bull Spread on Glenmark Pharma for March series")