Page 1425 - Markets News
YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends
Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in
 "YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends")
Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO
MOFSL believes that this is a positive for Tech Mahindra as it will help the company scale up its BFSI vertical, which has lagged peers in recent years.
 "Tech Mahindra surges 9% on appointing Mohit Joshi as MD & CEO")
Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low
The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million.
 "Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low")
Mahindra CIE tanks 9% after block deal of 6.2% equity
At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.
 "Mahindra CIE tanks 9% after block deal of 6.2% equity")
NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
 "NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them")
Global Surfaces IPO opens today: GMP, subscription status, all details here
Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times
 "Global Surfaces IPO opens today: GMP, subscription status, all details here")
Sona Comstar slumps 6% after 20% equity changes hands via block deal
At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows
 "Sona Comstar slumps 6% after 20% equity changes hands via block deal")
Traders should keep a close eye on 17,315 on the Nifty: Ravi Nathani
The technical analyst sees 17,315 as a critical support level for the near term.
 "Traders should keep a close eye on 17,315 on the Nifty: Ravi Nathani")
Stocks to watch: Sona BLW, M&M, Tech M, DLF, BoB, Vedanta, Godrej Prop
Stocks to watch today: From Sona BLW to Bank of Baroda, here are few stocks to watch out in Monday's trade
 "Stocks to watch: Sona BLW, M&M, Tech M, DLF, BoB, Vedanta, Godrej Prop")
Indian markets won't enter bear territory anytime soon: Nischal Maheshwari
Profit margins for Indian companies are likely to improve as input costs have stabilised since last year, says Nischal Maheshwari, CEO of institutional equities at Centrum Broking
 "Indian markets won't enter bear territory anytime soon: Nischal Maheshwari")
The mutual fund industry is being vilified baselessly, says Amfi
Amfi has said industry is being vilified baselessly as segment has lowest customer complaints in entire financial market space, as it follows most transparent and disclosure-based reporting
 "The mutual fund industry is being vilified baselessly, says Amfi")
Eight of top-10 firms lose Rs 1.03 trn in market-cap; RIL, ICICI hit hard
Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit
 "Eight of top-10 firms lose Rs 1.03 trn in market-cap; RIL, ICICI hit hard")
Angel tax relief likely for Sebi-enrolled FPIs; rules expected by April 15
The angel tax is on the amount received as more than fair market value as income in the hands of a company
 "Angel tax relief likely for Sebi-enrolled FPIs; rules expected by April 15")
Gold ETFs record Rs 165 crore inflow in February; net AUM drops
This was in comparison to a net outflow of Rs 199 crore registered in January, Rs 273 crore in December and Rs 195 crore in November
 "Gold ETFs record Rs 165 crore inflow in February; net AUM drops")
Bharat 22 rebalance to set off selling in ITC and Nalco, shows data
Churn is by reason of changes to weighting of existing components
 "Bharat 22 rebalance to set off selling in ITC and Nalco, shows data")
Street signs: FPI flows turn net buyers, Tata Tech shares firm up, and more
On a year-to-date basis, FPIs have been net sellers to the tune of Rs 20,606 crore
Nifty may test 17,000 levels as SVB implosion stirs the ghosts of 2008
Selling pressure seen in banking, IT, and new-age stocks; foreign investors expected to be cautious
 "Nifty may test 17,000 levels as SVB implosion stirs the ghosts of 2008")
Sebi resolves 2,672 complaints through SCORES platform in February
A total of 2,672 complaints against companies and market intermediaries received through capital markets regulator Sebi's SCORES platform were disposed of in February, according to Sebi data
 "Sebi resolves 2,672 complaints through SCORES platform in February")
No SVB-like scenario in India; banks are on a strong footing, say analysts
The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances
 "No SVB-like scenario in India; banks are on a strong footing, say analysts")
Indices tumble on US bank shares sell-off; Sensex declines 671 points
SVB crisis, Fed rate hike fears continue to keep markets on the edge
 "Indices tumble on US bank shares sell-off; Sensex declines 671 points")