Page 1458 - Markets News
Budget 2023: MFs seek LTCG exemption for longer-term equity investments
Industry says exemption for those staying invested for over three years will help channelise flows into financial assets
 "Budget 2023: MFs seek LTCG exemption for longer-term equity investments")
Sebi issues rules for managing technical glitches, cyber security threats
Stock exchanges to put a structure of financial disincentives for non-compliance by brokers
 "Sebi issues rules for managing technical glitches, cyber security threats")
Nifty PSU Bank index m-cap crosses Rs 10 trillion in intra-day trade
The index hit an intra-day high of 4,145.45 before ending at 4,049, up 0.05%; m-cap at close was Rs 9.9 trillion
 "Nifty PSU Bank index m-cap crosses Rs 10 trillion in intra-day trade")
UTI AMC, Punjab National Bank shares jump on the stake sale plans
The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5
 "UTI AMC, Punjab National Bank shares jump on the stake sale plans")
Investing it wisely: Mutual fund investors 'buying low & selling high'
This 'buy low and sell high' strategy has not always worked for them
 "Investing it wisely: Mutual fund investors 'buying low & selling high'")
From banks to IT, analysts bet on these sectors as markets hit record highs
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
 "From banks to IT, analysts bet on these sectors as markets hit record highs")
Sebi bars former MSEI MD&CEO for six months over multiple violations
Detects breach of clearing fee rules, issue of contracts without bidding process and vendor payments without supporting bills
 "Sebi bars former MSEI MD&CEO for six months over multiple violations")
AMCs to be penalised for delay in dividend, redemption payments: Sebi
Any delay in dividend payment beyond seven working days to attract interest charge at 15% a year; investors to get redemption money within three working days, from 10 earlier
 "AMCs to be penalised for delay in dividend, redemption payments: Sebi")
Fewer active investors even as benchmark indices hit record highs
Market volatility and lacklustre 1-yr returns weigh on activity
 "Fewer active investors even as benchmark indices hit record highs")
Sebi reduces timelines for redemption amount, dividend payout to 7 days
Capital markets regulator Sebi on Friday cut the timelines It said that the record date would be two working days from the issue of public notice for the purpose of payment of dividend
Global shares mixed as investors eye China covid crisis, Japan inflation
Across China, the number of new cases reported Thursday was 31,444, the highest since the virus was first detected in late 2019
 "Global shares mixed as investors eye China covid crisis, Japan inflation")
Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall
CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent
 "Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall")
GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022
In the past one month, the stock price of GE Shipping has soared 26% after the company reported an over three-fold jump in its consolidated net profit at Rs 731 crore in Q2FY23.
 "GE Shipping hits new high on healthy outlook; zooms 126% thus far in 2022")
The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit
The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme.
 "The Ashok hotel valued at Rs 7,409 crore; ITDC freezes in 20% upper circuit")
Sebi releases uniform format for OTC trades in non-convertible securities
Capital markets regulator Sebi came out with a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities
 "Sebi releases uniform format for OTC trades in non-convertible securities")
Export quota hike may trigger up to 33% rally in these 3 sugar stocks
Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks.
 "Export quota hike may trigger up to 33% rally in these 3 sugar stocks")
Stock of this medical equipment company has tanked 74% so far in 2022
Shares of Nureca hit a 20-month low of Rs 562.50,down 3%, trading close to its record low of Rs 559.25 touched on March 19, 2021
 "Stock of this medical equipment company has tanked 74% so far in 2022")
Will low exports pause the rally in auto stocks?
Easing chip shortage helped auto sales touch the 1 million-mark in Q2. As demand entered a slow lane amid weak exports in October, the rally in auto shares lost its steam. Will this trend continue?
 "Will low exports pause the rally in auto stocks?")
Hariom Pipe hits all-time high as production kicks off for melting furnace
Shares of Hariom Pipe Industries (HPIL) rallied 12 per cent to hit an all-time high of Rs 313 amid heavy volumes after the company completed the set up of 15 ton electric melting furnace
 "Hariom Pipe hits all-time high as production kicks off for melting furnace")
Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price
At 10:33 am; the stock traded 6.8 per cent higher at Rs 405.35, with a market capitalisation of Rs 10,114 crore, the BSE data shows
 "Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price")