Page 1498 - Markets News
HUL's market capitalisation hits 67% of its parent company Unilever
Indian FMCG giant's m-cap is touched $77 billion as compared to $115 billion of Unilever that holds 62 per cent in HUL
 "HUL's market capitalisation hits 67% of its parent company Unilever")
Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout
According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.
 "Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout")
Derivatives analyst Nandish Shah recommends bull spread strategy on L&T
The analyst from HDFC Securities recommends buying 1920 Larsen & Toubro October Call and selling 1960 Call of the same series.
 "Derivatives analyst Nandish Shah recommends bull spread strategy on L&T")
Stocks to Watch: Titan, Dabur, Nykaa, HCL Tech, Mahindra Life, Quess Corp
Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.
 "Stocks to Watch: Titan, Dabur, Nykaa, HCL Tech, Mahindra Life, Quess Corp")
Sebi cancels certificate of registration granted to Brickwork Ratings
Orders it to wind down operations in six months
 "Sebi cancels certificate of registration granted to Brickwork Ratings")
Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance
Nifty's earnings are in high teens and this premium growth merits higher valuations, says Manish Kumar, CIO of ICICI Prudential Life Insurance.
 "Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance")
Zee stock gets a boost post CCI clearing mega merger deal with Sony
Though there are some near-term concerns on the business front, most analysts are positive
 "Zee stock gets a boost post CCI clearing mega merger deal with Sony")
At 6.1 mn, pace of demat account additions slowest in 10 quarters in Q2FY23
Market observers say brokerages have become less aggressive chasing clients, given the high cost of acquisitions and growing inactivity among retail investors
 "At 6.1 mn, pace of demat account additions slowest in 10 quarters in Q2FY23")
Metals, IT and capital goods stocks help benchmark indices rise marginally
Among Sensex shares, Tata Steel, Larsen & Toubro, ICICI Bank, HCL Technologies, Infosys and Axis Bank were among the winners
 "Metals, IT and capital goods stocks help benchmark indices rise marginally")
Transportation theme catches fund houses' fancy as stocks outperform
Line up new fund offers following sharp outperformance by stocks in the space
 "Transportation theme catches fund houses' fancy as stocks outperform")
China may be closing in on top-10 FPI spot in India, shows RTI data
Close to breaking into top 10 countries by inflows
 "China may be closing in on top-10 FPI spot in India, shows RTI data")
Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts
The OPEC+ on Wednesday announced its decision to cut crude oil output by 2 million barrels per day, the new production cap levels will come into force from November 2022.
 "Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts")
Running accounts Settlement: New Sebi guidelines in motion from Friday
However, industry experts feel that with tighter rules, brokerages will need to have higher working capital and will involve operational risk of transferring large amounts
Wagner exits Rategain Travel; sells 5.28% stake worth Rs 167 crore
Wagner Ltd on Thursday divested 5.28 per cent stake in travel technology company Rategain Travel Technologies for Rs 167 crore through an open market transaction
 "Wagner exits Rategain Travel; sells 5.28% stake worth Rs 167 crore")
10-yr yield logs steepest one-day rise in 2 mths amid index inclusion delay
Treasury officials also cited an increasingly uncertain global situation as a key factor that had dampened demand for bonds
 "10-yr yield logs steepest one-day rise in 2 mths amid index inclusion delay")
Sebi clarifies on norms pertaining to instruction slips for share pledging
To curb the misuse of Power of Attorney (PoA) given by clients to stock brokers, Sebi on Thursday widened the scope of the Demat Debit and Pledge Instruction (DDPI)
Sebi orders Brickwork Ratings to wind down operations in six months
In its order, Sebi highlighted several violations by Brickwork, including that it failed to follow a proper rating process and exercise due diligence while providing ratings
Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip
CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers
 "Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip")
This PSU stock outperformed market, surged 40% in five trading days
In the past three months, the market price of MDL more-than-doubled or zoomed 136 per cent, as against 9 per cent rise in the S&P BSE Sensex.
 "This PSU stock outperformed market, surged 40% in five trading days")
Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%
Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission were trading higher in the range of 2 per cent to 4 per cent
 "Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%")