Page 1432 - Markets News
Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon
Stocks to watch today: Wipro inked multi-year digital transformation partnership with fintech firm Finastra; HPCL aims to raise around Rs 10,000 crore in debt to fund oil refining operations
 "Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon")
Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO
The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For Sale (OFS) of up to 3.63 crore equity shares by existing investors, according to the DRHP
 "Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO")
Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4%
Wall Street's main stock indices were down more than 2 per cent in early trade
 "Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4%")
Abans Holdings, Landmark Cars IPOs get lukewarm response from investors
Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise
 "Abans Holdings, Landmark Cars IPOs get lukewarm response from investors")
Brokerages positive on Godrej Consumer on growth recovery, lower costs
Extent of margin gains will depend on extent of ad spends and price cuts
 "Brokerages positive on Godrej Consumer on growth recovery, lower costs")
IRCTC offer for sale oversubscribed, but stock declines more than 6%
Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years
 "IRCTC offer for sale oversubscribed, but stock declines more than 6%")
Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra
Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that
 "Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra")
Tariff order, consolidation to support rally in broadcasting stks: Analysts
New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent
 "Tariff order, consolidation to support rally in broadcasting stks: Analysts")
Expect MF AUM to cross Rs 80 trillion by 2028: Amfi CEO N S Venkatesh
'Strong regulations are crucial for the orderly development of the market. Even a slip-up can break the trust of investors. We welcome the Sebi regulations'
 "Expect MF AUM to cross Rs 80 trillion by 2028: Amfi CEO N S Venkatesh")
Govt's share sale in IRCTC over-subscribed, investors bid for Rs 3,800 cr
The sale of government's up to 5% stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore
 "Govt's share sale in IRCTC over-subscribed, investors bid for Rs 3,800 cr")
Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall
The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
Fertiliser shares rally in weak market; MFL, NFL, RCF surge up to 18%
In the past one month, the market prices of RCF, MFL, FACT and NFL have surged in the range of 38 per cent to 60 per cent on the BSE
 "Fertiliser shares rally in weak market; MFL, NFL, RCF surge up to 18%")
Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz
IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.
 "Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz")
Stock price of these two PSU banks have zoomed around 150% in last 22 days
In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.
 "Stock price of these two PSU banks have zoomed around 150% in last 22 days")
Is the worst over for the cement sector?
The cement industry has been one of the worst impacted this year with monumental declines in profits. But, as price hikes make a comeback, will the industry see a turnaround?
 "Is the worst over for the cement sector?")
Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
 "Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands")
Investors disappointed as 'open market' share buybacks lack punch
Actual acquisition cost 20% below max buyback price under open market route
 "Investors disappointed as 'open market' share buybacks lack punch")
IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission
DIPAM extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of the Bank to January 7 2023 from December 16 2022.
 "IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission")
Indian shares set to fall on hawkish US Fed despite slower rate hike
Asian markets were also off to a tepid start, with the MSCI Asia ex Japan sliding 1.02%
