Page 1471 - Markets News
CBDC bond trades surge; volumes jump double-fold in second week
Bulk of CBDC wholesale pilot trading concentrated in liquid 5-yr, 10-yr bonds
 "CBDC bond trades surge; volumes jump double-fold in second week")
AUM of commodities under warehousing financing show pick-up in FY23: NCML
It currently manages around 800 warehouses across the country of which almost 40 are owned by NCML
 "AUM of commodities under warehousing financing show pick-up in FY23: NCML")
Sebi proposes framework to address risks linked with cloud-based solutions
Accordingly, the RE would be held accountable for any violation of the same, the consultation paper noted
 "Sebi proposes framework to address risks linked with cloud-based solutions")
Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%
CLOSING BELL: The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 per cent
 "Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%")
Ceat surges 16% from day's low post Q2 results; MRF skids 8% on muted show
Going forward, the management of Ceat expects the second half of this year to be better in terms of revenue and margins because of improving domestic demand and stabilising commodity prices.
 "Ceat surges 16% from day's low post Q2 results; MRF skids 8% on muted show")
Nykaa to turn ex-date on Thursday for 5:1 bonus issue; stock sheds 4%
The board of the company has fixed Friday, November 11, 2022 as the 'Record Date' for the purpose of determining the members eligible for bonus equity shares
 "Nykaa to turn ex-date on Thursday for 5:1 bonus issue; stock sheds 4%")
Five Star Business Finance IPO kicks off: Should you subscribe?
The 1,960 crore initial public offering (IPO) of Five-Star Business Finance opened for subscription on Wednesday, November 9 and will close on Friday, November 11
 "Five Star Business Finance IPO kicks off: Should you subscribe?")
Nifty PSU Bank soars 26% in a month; BOI, Canara Bank, UBI rally 55%
The Nifty PSU Bank index hit a new high of 3,811.15 on Wednesday, and has zoomed 67 per cent from its 52-week low of 2,283.85, touched on June 20, 2022.
 "Nifty PSU Bank soars 26% in a month; BOI, Canara Bank, UBI rally 55%")
Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8%
As per reports, Novelis has also lowered its capital expenditure (capex) outlook for FY23 to a range of $900 million- $1 billion from the previously guided $1.3-1.6 billion
 "Hindalco drops 5% as arm Novelis Q2 profit slides 23% YoY; Ebitda down 8%")
Nifty Bank index headed to 44,000 level; Bandhan Bank remains a risky bet
Here's how key constituents of the Nifty Bank index look on the charts.
 "Nifty Bank index headed to 44,000 level; Bandhan Bank remains a risky bet")
PI Industries surges 8%, hits all-time high on strong Q2 revenue growth
Analysts believe overall growth was mainly led by volume scale up and price hike while favourable product mix and currencies would also have contributed to growth.
 "PI Industries surges 8%, hits all-time high on strong Q2 revenue growth")
Stock of this visa service provider has zoomed over 300% so far in 2022
Shares of BLS International hit a record high of Rs 388.85 as they rallied 15% in intra-day trade, zoomed 309% thus far in the calendar year 2022.
 "Stock of this visa service provider has zoomed over 300% so far in 2022")
Indigo Paints drops 10%, hits new low after 4% equity changes hands on BSE
On the NSE, a total 1.05 million shares or 2.2 per cent of the equity of the company had changed hands till 10:11 am
 "Indigo Paints drops 10%, hits new low after 4% equity changes hands on BSE")
How did India Inc fare in Q2FY23?
The September quarter corporate earnings season is near its end with select pockets firmly outshining the weak global outlook, while others lagging behind. How did India Inc fare in Q2FY23?
 "How did India Inc fare in Q2FY23?")
Brokerages downgrade Divi's Labs post Q2 letdown; stock falls 11% in 2 days
EBITDA margins declined 767 bps YoY to 33.5 per cent due to high energy and transport costs.
 "Brokerages downgrade Divi's Labs post Q2 letdown; stock falls 11% in 2 days")
NSE to move away from non-core business areas: New MD & CEO Chauhan
The NSE MD & CEO made the comments while addressing its investors during the exchange's first-ever quarterly earnings concall
 "NSE to move away from non-core business areas: New MD & CEO Chauhan")
MCX Crude Oil may re-test Rs 7,700 soon; Natural Gas needs to hold Rs 518
On the downside, the MCX Crude Oil futures can decline to Rs 7,110-level. On the other hand, Natural Gas futures are likely to test support around Rs 487-level; the bias remains negative.
 "MCX Crude Oil may re-test Rs 7,700 soon; Natural Gas needs to hold Rs 518")
Here's why Mehul Kothari is bullish on Glenmark Pharma, Muthoot Finance
According to the technical analyst from Anand Rathi, Glenmark Pharma can surge to Rs 460, while Muthoot Finance can rally to Rs 1,175.
 "Here's why Mehul Kothari is bullish on Glenmark Pharma, Muthoot Finance")
Stocks to watch: Tata Motors, Coal India, Paytm, Sun Pharma, GCPL, VST Inds
Stocks to watch today: Tata Motors, Pidilite Industries will report the July-September quarter (Q2FY23) results on Wednesday, November 9; Coal India saw 102 per cent jump in net profit to Rs 6,044 cr
 "Stocks to watch: Tata Motors, Coal India, Paytm, Sun Pharma, GCPL, VST Inds")
Measuring worth: Front-row seats to high return-on-equity stocks
A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.
 "Measuring worth: Front-row seats to high return-on-equity stocks")