Page 1422 - Markets News
Sensex snaps 5-day losing streak on value-buying, ends 78 points higher
Equity benchmarks bounced back to end in the positive territory after trading lower for the most part of the volatile session
 "Sensex snaps 5-day losing streak on value-buying, ends 78 points higher")
7 working days: Sebi now prescribes 'strict' timelines for FPI disclosures
Amended FPI regulations give watchdog more powers to seek vital info from overseas funds
 "7 working days: Sebi now prescribes 'strict' timelines for FPI disclosures")
Bank stocks can slide more; stay away for now: Analysts
Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time
 "Bank stocks can slide more; stay away for now: Analysts")
Petrol, diesel sales drop in March after record growth in February
During the first half of February, petrol consumption had jumped by almost 18 per cent year-on-year while diesel sales were up nearly 25 per cent
 "Petrol, diesel sales drop in March after record growth in February")
FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip
CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.
 "FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip")
Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank
The settling of dues of about Rs 83.7 crore to the lender could happen as early as Friday, and IndusInd Bank could withdraw its insolvency proceedings against the media company
 "Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank")
Wipro hits 52-week low amid revenue growth worries; down 38% in one year
The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.
 "Wipro hits 52-week low amid revenue growth worries; down 38% in one year")
Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
 "Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall")
ICICI Pru soars 9% after appointment of Anup Bagchi as MD & CEO of company
Anup Bagchi had joined the ICICI Group in 1992 and had worked in the areas of retail banking, corporate banking and treasury.
 "ICICI Pru soars 9% after appointment of Anup Bagchi as MD & CEO of company")
OMCs in focus as crude oil hits 1-year low; BPCL, HPCL surge up to 5%
With this decline in crude prices analysts expect marketing margins of HPCL, BPCL and IOCL to improve further.
 "OMCs in focus as crude oil hits 1-year low; BPCL, HPCL surge up to 5%")
Nifty 50 index heads for technical correction amid global turmoil
Rising interest rates, coupled with this year's rout in the Adani conglomerate's stocks, have also weighed on the local market
 "Nifty 50 index heads for technical correction amid global turmoil")
Patanjali Foods down 5% after stock exchanges freeze promoter shareholding
The company is required to either raise funds or promoters needs to sell 5 per cent stake to bring down their stake to 75 per cent
 "Patanjali Foods down 5% after stock exchanges freeze promoter shareholding")
Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days
At 09:38 AM; Reliance Industries' market-cap stood at Rs 14.94 trillion on the BSE, the exchange data shows.
 "Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days")
Samvardhana Motherson tanks 9% after 5% equity change hands via block deals
Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE.
 "Samvardhana Motherson tanks 9% after 5% equity change hands via block deals")
Stocks to watch: JSW Energy, Federal Bank, Zuari Inds, Titagarh Wagons
Stocks to watch today: From JSW Energy to Federal Bank, here are top stocks to watch in Thursday's trading session
 "Stocks to watch: JSW Energy, Federal Bank, Zuari Inds, Titagarh Wagons")
Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
 "Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani")
Indices dip for fifth session as Credit Suisse woes weigh on investor minds
The only relief for investors on Wednesday was a rise in retail sales in China while factory output was fractionally lower than projected
 "Indices dip for fifth session as Credit Suisse woes weigh on investor minds")
IPO filings halve in FY23 as outlook for new share sales worsens
Industry players said the IPO market has taken a turn for the worse after a blockbuster FY22 amid fall in valuations
 "IPO filings halve in FY23 as outlook for new share sales worsens")
MFs keep the powder dry as Nifty nears 'correction', cash holdings rise
Cash holdings of equity schemes at top 20 funds rise to 6.2%; in at least four, the holdings are above 10%
 "MFs keep the powder dry as Nifty nears 'correction', cash holdings rise")
This Chris Wood owned stock hit a 52-week low. What's worrying the Street?
In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack
 "This Chris Wood owned stock hit a 52-week low. What's worrying the Street?")