Page 1493 - Markets News
Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts
So far this month, PC Jeweller, Rajesh Exports and Kalyan Jewellers have rallied up to 21 per cent on hopes of a bumper sales this Diwali season.
 "Diwali cheer: PC Jeweller, Kalyan Jewellers may gain up to 40%, hint charts")
ITC surges 6% in four days ahead of Q2 results; analysts expect a good show
In Q2FY23, ITC is expected to witness strong growth across segments considering lower sales in the base quarter of cigarettes, hotels & agri business.
 "ITC surges 6% in four days ahead of Q2 results; analysts expect a good show")
Midhani surges 7%; hits new high on pact with Boeing for aerospace parts
Boeing India on Tuesday reportedly announced it would assess and collaborate with Midhani to develop raw materials for standard aerospace parts and components in India.
Piramal Pharma lists at Rs 202 on BSE; shares tumble 5% intra-day
In October 2021, the board of directors of Piramal Enterprises (PEL) had approved the demerger of the pharmaceuticals business, and simplification of the corporate structure
 "Piramal Pharma lists at Rs 202 on BSE; shares tumble 5% intra-day")
Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions
Analysts said progress of the Citi portfolio, direction of operating profit growth, and credit growth amid slowdown concerns will be tracked by investors
 "Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions")
MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
 "MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420")
Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.
 "Support zone for Nifty shifted higher to 17,200-17,300, says Vinay Rajani")
Stocks to Watch: Adani Enterprises, BEL, Piramal Pharma, Telecom, Shalby
Stocks to watch today: Adani Enterprises' subsidiary has acquired aircraft maintenance repair and overhaul unit Air Works for Rs 400 crore
 "Stocks to Watch: Adani Enterprises, BEL, Piramal Pharma, Telecom, Shalby")
Should you buy stocks of jewellery retailers this Dhanteras?
The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?
 "Should you buy stocks of jewellery retailers this Dhanteras?")
Should you buy stocks of jewellery retailers this Dhanteras?
The Jewellery sector is gearing up for Dhanteras and Diwali. It is expecting to benefit from pent-up demand during the festivals. So, is it time to add stocks of jewellery retailers to your portfolio?
What is market capitulation?
A recent survey by Bank of America Corp suggested market capitulation before a rally in stocks by the first half of next year. But what is market capitulation? Here is a report
 "What is market capitulation?")
Merchant bankers can't undertake any other business, says Sebi
The regulation 13A of merchant banker clearly states that a merchant banker cannot carry on any business other than in the securities market
 "Merchant bankers can't undertake any other business, says Sebi")
Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech
Near-term gains for India's sixth largest IT services company factored into valuations
 "Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech")
Equity MFs favoured over debt funds despite negative stock mkt returns
The number debt scheme folios down 6% in 12 months to September 2022, equity MF folios have surged 21%; Passive schemes, which includes ETFs and index funds, have grown the fastest at 56%
Markets rally for 3rd day amid firm global trends; Sensex up 549 points
Stock exchanges in Europe were trading in the positive territory in mid-session deals
 "Markets rally for 3rd day amid firm global trends; Sensex up 549 points")
PSU Bank leads Nifty pack, up 7.6% in the past two trading sessions
With asset quality improving, analysts see more growth
 "PSU Bank leads Nifty pack, up 7.6% in the past two trading sessions")
New issue pricing onus may put independent directors in a spot: Experts
Experts feel Sebi diktat may deter those with non-financial background from joining boards
 "New issue pricing onus may put independent directors in a spot: Experts")
Analysts bullish on stocks of jewellery retailers for the long-term
Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward
 "Analysts bullish on stocks of jewellery retailers for the long-term")
NSE floats consultation on index components ahead of HDFC-HDFC bank merger
Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased
 "NSE floats consultation on index components ahead of HDFC-HDFC bank merger")
Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak
CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each
 "Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak")