Page 1485 - Markets News
Less than a decade since launch, AIF commitments to cross Rs 7 trn mark
There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum
 "Less than a decade since launch, AIF commitments to cross Rs 7 trn mark")
Market regulator Sebi issues guidelines to standardise CRAs' rating scales
The regulator also specified standard descriptors for 'rating watch' and 'rating outlook'
 "Market regulator Sebi issues guidelines to standardise CRAs' rating scales")
Strong US pipeline, sustained growth trajectory main trigger for Dr Reddy's
Excluding the strong US show led by Revlimid, Q2 was a mixed bag
 "Strong US pipeline, sustained growth trajectory main trigger for Dr Reddy's")
Sebi bans Mehul Choksi from securities market for 10 years, fines Rs 5 cr
Choksi is already facing Income Tax department and ED action
 "Sebi bans Mehul Choksi from securities market for 10 years, fines Rs 5 cr")
Inflation struck European firms seek most emergency funds since pandemic
Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic
 "Inflation struck European firms seek most emergency funds since pandemic")
Investment via participatory notes rises to Rs 87,813 crore in September
Meanwhile, FPIs pulled out over Rs 7,600 crore from Indian equities in September after investing in a little over Rs 51,200 crore in the preceding month
 "Investment via participatory notes rises to Rs 87,813 crore in September")
US markets set for a year-end rally despite recession concerns: Chris Wood
A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India
 "US markets set for a year-end rally despite recession concerns: Chris Wood")
Sebi issues guidelines to standardise usage of rating scales used by CRAs
Also, Sebi said that rating symbols should have CRA's first name as prefix
 "Sebi issues guidelines to standardise usage of rating scales used by CRAs")
Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally
CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent
 "Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally")
L&T hits 9-mth high ahead of Q2 nos; wins significant order in Saudi Arabia
Including today's orders, L&T has won a total of six 'significant' orders in the month of October, it said
 "L&T hits 9-mth high ahead of Q2 nos; wins significant order in Saudi Arabia")
Cement shares gain on hopes of demand recovery; UltraTech, Ambuja up 3%
Analysts expect industry margin to bottom out in Q2, with peaking of cost, higher exit of cement prices, and pick-up in construction activity in coming quarters
 "Cement shares gain on hopes of demand recovery; UltraTech, Ambuja up 3%")
Angle One, MOFSL: Here's what tech charts suggest for brokerage stocks
Motilal Oswal Financial Services is the only stock among major broking firms that slipped to a fresh 52-week low last week
 "Angle One, MOFSL: Here's what tech charts suggest for brokerage stocks")
Atul Auto hits highest level since January 2020; stock zooms 58% in October
On October 4, the company's board approved preferential issue of Rs 115 crore worth of warrants to promoters and non-promoters of the company, including investor Vijay Kishanlal Kedia.
 "Atul Auto hits highest level since January 2020; stock zooms 58% in October")
Airtel Q2 revenue may grow 21% YoY; Vodafone could lose 4 mn subscribers
Telecom Q2 preview: Bharti Airtel is expected to add around 2 million overall subscribers this quarter, taking the tally to 329 million
 "Airtel Q2 revenue may grow 21% YoY; Vodafone could lose 4 mn subscribers")
Indian shares rise as IT and automobile stocks boost, crude prices fall
The NSE Nifty 50 index rose 0.97% to 17,959.30 as of 0402 GMT, and the S&P BSE Sensex was 0.99% higher at 60,555.83.
 "Indian shares rise as IT and automobile stocks boost, crude prices fall")
Titan hits record high on hopes of strong Q2FY23; stock up 44% in 4 months
The board of directors of Titan is scheduled to meet on Friday, November 4, 2022 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2022
 "Titan hits record high on hopes of strong Q2FY23; stock up 44% in 4 months")
Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23
The stock of automobiles major traded close to its record high level of Rs 10,000, which it had touched on December 20, 2017
 "Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23")
Bandhan Bank slips 10% to hit lowest level this year on weak Q2FY23
Analysts believe that though balance sheet restructuring in progress, the operationally weak performance and uncertainty on stressed pool remains an overhang
 "Bandhan Bank slips 10% to hit lowest level this year on weak Q2FY23")
Stocks to Watch: IOC, Vedanta, RIL, NTPC, Nykaa, Hero Moto, Dr Reddy, Sugar
Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore
Listed asset management companies see subdued profit growth in Q2
The brokerage has set a March 2024 target of Rs 2,470 for HDFC AMC and Rs 400 for Nippon India AMC
 "Listed asset management companies see subdued profit growth in Q2")