Page 1495 - Markets News
Sebi rejigs committee on commodity derivatives, panel to have 16 members
Markets regulator Sebi has re-constituted its commodity derivatives advisory panel that examines issues related to contract designs and new products in the segment
 "Sebi rejigs committee on commodity derivatives, panel to have 16 members")
Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
 "Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%")
Rama Steel issues warrants to Shankar Sharma; stock hits 10% upper circuit
The company allotted 1,625,000 convertible warrants at an issue price of Rs 112.50 each to Shankar Shashi Sharma on preferential basis
 "Rama Steel issues warrants to Shankar Sharma; stock hits 10% upper circuit")
September CPI inflation at 7.41 per cent: How analysts interpret the number
Analysts at UBS expect headline CPI inflation to average 6.7 per cent YoY in FY23 and see RBI's policy outlook to be data dependent contingent on the Fed action
 "September CPI inflation at 7.41 per cent: How analysts interpret the number")
Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year
The stock of sweetener hit a six month high and quoted at its highest level since April 2022
 "Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year")
Maharashtra Seamless up 10%, hits new high on stock split, bonus issue plan
In the past one year, the stock has appreciated by 100 per cent on the back of robust financial performance and strong order book position.
 "Maharashtra Seamless up 10%, hits new high on stock split, bonus issue plan")
Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why
If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
 "Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why")
Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days
The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022
 "Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days")
Adani Wilmar falls 4% on low single digit revenue growth guidance for Q2
The company, however, remains optimistic on their brand equity, and is hopeful of sequential improvement in demand trends with easing retail inflation and good monsoon
 "Adani Wilmar falls 4% on low single digit revenue growth guidance for Q2")
Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance
Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter
 "Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance")
Bajaj Auto Q2 preview: Ebitda may rise up to 34% YoY, margins seen flat
Bajaj Auto Q2: Brokerages tracking the company expect it to report a double digit sequential growth in net profit on the back of healthy volume-based sales during the quarter
 "Bajaj Auto Q2 preview: Ebitda may rise up to 34% YoY, margins seen flat")
Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%
The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.
 "Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%")
Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI
Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23
 "Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI")
RBI says regulated bodies can't get fresh ratings from Brickwork Ratings
Sebi carried out a series of inspections against Brickwork, which obtained its licence as a CRA in 2008, starting April 2014, which led to multiple adjudication proceedings against the firm
 "RBI says regulated bodies can't get fresh ratings from Brickwork Ratings")
Crypto industry's winter deepens as trading volumes plunge, funds dry up
Volumes tumble over 80% in Jan-Sept; several entities receive 'drawdown notices' from investors
 "Crypto industry's winter deepens as trading volumes plunge, funds dry up")
Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit
Volatility in commodity prices and rise in competitive intensity are expected to weigh on margins
 "Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit")
Inter-regulatory push for the sandbox initiative: Check details here
The Fintech department of the RBI will act as a nodal point for receiving applications under this initiative
 "Inter-regulatory push for the sandbox initiative: Check details here")
Red-hot defence stocks may have more legs to run, say analysts
The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports
 "Red-hot defence stocks may have more legs to run, say analysts")
Sensex and Nifty rebound nearly 1%, snap three-day losing run
Gains in Reliance Industries, HDFC, HDFC Bank, Kotak Bank, HUL, and ITC helped indices bounce back
 "Sensex and Nifty rebound nearly 1%, snap three-day losing run")
Avoid sectors having global exposure like IT, oil, gas: ICICI Securities
ICICI Securities Ltd on Wednesday said its one year forward Nifty target is 19,425 with sectorial bias towards banks, capital goods/infrastructure and automobiles
 "Avoid sectors having global exposure like IT, oil, gas: ICICI Securities")