Page 1513 - Markets News
Apollo Tyres' stock racing ahead on improving outlook, growth in EU
While volumes are rising, there are interesting structural changes taking place in the sector
 "Apollo Tyres' stock racing ahead on improving outlook, growth in EU")
Chris Wood ups India stake; hikes allocation by 2% amid resilient stock mkt
In his Asia Pacific ex-Japan asset portfolio, allocation to Indian equities at 16 per cent is the second highest after his exposure to China, which stands at 31 per cent.
 "Chris Wood ups India stake; hikes allocation by 2% amid resilient stock mkt")
Tech companies likely to lead primary market revival in India: HSBC
Thus far in calendar year 2022, Indian companies have raised over 40,000 crore from the primary markets via the IPO route, data from PRIME Database showed.
 "Tech companies likely to lead primary market revival in India: HSBC")
Sebi imposes Rs 2 crore penalty on Rana Kapoor in AT1 bonds case
The AT1 bonds of Yes Bank were entirely written off as a part of a restructuring scheme
 "Sebi imposes Rs 2 crore penalty on Rana Kapoor in AT1 bonds case")
Financials, FMCG get nearly half of FPI flows in August, says report
Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018
 "Financials, FMCG get nearly half of FPI flows in August, says report")
Standard Chartered Bank offloads CG Power shares of worth Rs 298 cr
The shares were disposed of at an average price of Rs 215 apiece, taking the transaction value to Rs 297.66 crore
 "Standard Chartered Bank offloads CG Power shares of worth Rs 298 cr")
Sensex slips 168 pts, Nifty below 17,650; Ultratech up 4.5%, TaMo down 2.5%
The resilience of the broader markets, however, continued on the bourses with the BSE MidCap and SmallCap indices advanced 0.5 per cent and 0.75 per cent, respectively
 "Sensex slips 168 pts, Nifty below 17,650; Ultratech up 4.5%, TaMo down 2.5%")
Garden Reach Shipbuilders soars 13%, hits new high on strong outlook
A strong order book for construction of 16 warships concurrently for Indian Armed Forces at this juncture holds exciting times ahead for the GRSE, the company said
 "Garden Reach Shipbuilders soars 13%, hits new high on strong outlook")
Easing commodity prices, supply snags to lift auto ancillary stks: Analysts
Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.
 "Easing commodity prices, supply snags to lift auto ancillary stks: Analysts")
Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022
Bharat Dynamics, JK Paper and Hindustan Aeronautics have surged over 100 per cent, while Elgi Equipments and Schaeffler India are just shy from doubling the investor's wealth so far in 2022.
 "Elgi Equipments, JK Paper: Strategy for stocks that have doubled in 2022")
Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report
The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation
 "Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report")
This Tata Group stock has zoomed 109% against its rights issue price
Meanwhile, the stock has surged 55 per cent against its qualified institutional placement (QIP) price of Rs 202 per share
 "This Tata Group stock has zoomed 109% against its rights issue price")
Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?
The case pertains to hiring private firm iSec Services to allegedly tap the phones of NSE employees
 "Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?")
Reliance Capital hits fifth straight upper limit, soars 27% in one week
The stock was locked in upper circuit for the fifth straight day, up 5 per cent at Rs 17.93 on the BSE in Wednesday's trade in an otherwise weak market.
 "Reliance Capital hits fifth straight upper limit, soars 27% in one week")
Vodafone Idea zooms 9% on heavy volumes, hits highest level since May
A combined 206 million equity shares of the company changed hands within an hour of trading, as against an average of sub 200 million shares that traded in the past two weeks
 "Vodafone Idea zooms 9% on heavy volumes, hits highest level since May")
Ambuja Cements hits new high ahead of closure of Adani Group's open offer
The stock has surged 17 per cent in a month ahead of the closure of Adani Group's open offer on Friday, September 9
 "Ambuja Cements hits new high ahead of closure of Adani Group's open offer")
Indian markets can help us grow in post-Covid world, says Australian envoy
Australian High Commissioner to India, Barry O'Farrell on Tuesday lauded India's economic stability and said "India has markets that can help us grow in the post-COVID world"
 "Indian markets can help us grow in post-Covid world, says Australian envoy")
Vinay Rajani of HDFC Securities sees support for Nifty around 17,400-17,150
Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.
 "Vinay Rajani of HDFC Securities sees support for Nifty around 17,400-17,150")
Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark
The bias for MCX Crude Oil September futures is likely to favour the bears as long as the commodity trades below Rs 7,170; For MCX Natural Gas futures the key support range of Rs 630 - Rs 620.
 "Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark")
US hopes China, India will take advantage of Russia oil price cap: Official
U.S. Deputy Treasury Secretary Wally Adeyemo said he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap
 "US hopes China, India will take advantage of Russia oil price cap: Official")