Page 1446 - Markets News
Losing traction: BAFs' dream run halts even as equity market stays volatile
Funds see outflows for four months on the trot
 "Losing traction: BAFs' dream run halts even as equity market stays volatile")
Fresh bout of selling sees Adani m-cap go down by Rs 25,000 crore
Reports of a large ESG fund dumping stake lead to renewed turbulence
 "Fresh bout of selling sees Adani m-cap go down by Rs 25,000 crore")
State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned
Bonds allocated at 8.2% coupon with call option in 2033
 "State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned")
Samvardhana Motherson's SAS acquisition reasonably priced: Analysts
They say it will add 10-15% to firm's revenue and Ebitda, allow product and geographical diversification
 "Samvardhana Motherson's SAS acquisition reasonably priced: Analysts")
Despite a poor start, we like Indian market: Julius Baer's Mark Matthews
"The Hindenburg-Adani Group affair will eventually become yesterday's news, and the market will focus on the fact that India does have strong earnings growth this year"
 "Despite a poor start, we like Indian market: Julius Baer's Mark Matthews")
Are the markets ignoring the possibility of higher inflation?
Globally, too, sticky inflation seems to be a cause for concern. Last week, two Federal Reserve (US Fed) officials suggested that the US central bank may need to keep interest rates elevated ahead
 "Are the markets ignoring the possibility of higher inflation?")
Banks, RIL drag Sensex 311 pts down, Nifty below 17,850; Adani Ent falls 6%
CLOSING BELL: Maruti Suzuki, Kotak Bank, SBI, HDFC, Axis Bank, Titan, Bajaj Finance, HDFC Bank, ICICI Bank, Nestle India, and RIL were the top Sensex laggards, falling in the range of 1 - 1.4 per cent
 "Banks, RIL drag Sensex 311 pts down, Nifty below 17,850; Adani Ent falls 6%")
Cera Sanitaryware soars 8%, hits new high in weak market on healthy outlook
In past one month, the stock price of Cera has outperformed the market by surging 20 per cent as against an unmoved S&P BSE Sensex.
 "Cera Sanitaryware soars 8%, hits new high in weak market on healthy outlook")
Lumax Auto soars 12% as it acquires majority stake in IAC Group's India biz
IAC India is a well-established Tier-1 interior systems and components supplier to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles.
 "Lumax Auto soars 12% as it acquires majority stake in IAC Group's India biz")
Stock bearing the brunt of Adani Group rout is at risk of more losses
Adani Total was down by its limit in early trading on Monday. It has done so each day since Jan. 27.
Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes
Oil & Natural Gas Corporation and Reliance Industries can rise up to 8 per cent
 "Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes")
Sonata Software surges 26% in one month; stock nears record high
The new CEO has reiterated that he is planning to double IT services revenue in four years as he is looking to accelerate the growth from hereon
 "Sonata Software surges 26% in one month; stock nears record high")
Cipla dips 7% after Pithampur unit receives 8 USFDA observations
The company said it will work closely with the USFDA and is committed to address these comprehensively within stipulated time.
 "Cipla dips 7% after Pithampur unit receives 8 USFDA observations")
NMDC's demerged Chhattisgarh unit hits 5% upper circuit on market debut
A combined, around 7.5 million equity shares had changed hands and there were pending buy orders for 19 million shares on the NSE and BSE till 10:16 AM
 "NMDC's demerged Chhattisgarh unit hits 5% upper circuit on market debut")
Key support for MCX Gold stands at Rs 55,900; Silver Rs 64,400
The weekly chart suggests, sustained break and trade below Rs 55,900, can trigger a fall in Gold futures towards the Rs 54,000 level.
 "Key support for MCX Gold stands at Rs 55,900; Silver Rs 64,400")
Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla
Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore
 "Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla")
Here's why the Nifty can rally to 18,200; Ravi Nathani explains
According to the technical analyst, the Nifty is in the process of forming an Inverse Head and Shoulder pattern, which is a bullish chart pattern.
 "Here's why the Nifty can rally to 18,200; Ravi Nathani explains")
ArcelorMittal, JSW in NMDC steel plant race; JSPL also in the fray
Steel company's shares to be listed on Tuesday
FPIs shift focus back on Indian market; invests Rs 7,600 cr in a week
Foreign investors seem to have shifted their focus back on the Indian equity markets as they turned net buyers last week with an investment of over Rs 7,600 crore
 "FPIs shift focus back on Indian market; invests Rs 7,600 cr in a week")
Promoter share pledge rises to 1.61% in October-December quarter
Promoters in 87 companies in the BSE 500 Index had at least some portion of their holdings pledged at the end of Q3FY23. Of this, only 17 had more than 25 per cent of their promoter holdings pledged
 "Promoter share pledge rises to 1.61% in October-December quarter")