Page 1521 - Markets News
Stocks to watch: RIL, Britannia, NHPC, Cipla, InterGlobe Aviation, RITES
Stocks to watch today: Reliance Industries will hold their 45th Annual General Meeting on Monday, August 29; Tons of biscuits were destroyed after a major fire broke out at Britannia's Pantnagar plant
 "Stocks to watch: RIL, Britannia, NHPC, Cipla, InterGlobe Aviation, RITES")
Should you hold textile stocks amid rising cotton prices
Several cotton spinning mills in India have slashed or ceased cotton production on the back of higher prices. Analysts have now turned cautious over the textile sector's outlook for the near-term
 "Should you hold textile stocks amid rising cotton prices")
Indian markets may feel the pinch of Fed chief's hawkish comments: Experts
Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows
Lot of hesitancy and scepticism among retail investors: Centrum Broking ED
'If the market movement remains positive for an extended period, flows would become healthy once again', said Anil Sarin
 "Lot of hesitancy and scepticism among retail investors: Centrum Broking ED")
Govt clears ex-Standard Chartered banker as Sebi whole-time member
The appointment is for three years for a position vacant since November 2021
 "Govt clears ex-Standard Chartered banker as Sebi whole-time member")
Street Signs: Analyst coverage of HDFC dips, defence stocks gain, and more
Defence stocks, such as Bharat Electronics, Mazagon Dock Shipbuilders, and Cochin Shipyard, logged strong gains last week amid buying interest from wealthy investors
 "Street Signs: Analyst coverage of HDFC dips, defence stocks gain, and more")
Consumer durables firms may have to wait until Q3 to find their sea legs
Hypercompetition, high-cost inventory, and volume-over-margins delay gains
 "Consumer durables firms may have to wait until Q3 to find their sea legs")
FPIs invest Rs 49,250 cr in August so far on strong corporate earnings
FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year
 "FPIs invest Rs 49,250 cr in August so far on strong corporate earnings")
MFs flock to silver ETF space with new schemes; collect Rs 1,400-cr assets
As per industry data, so far, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund and Nippon India Mutual Fund have launched silver ETFs
 "MFs flock to silver ETF space with new schemes; collect Rs 1,400-cr assets")
Mcap of seven of top-10 valued firms tumbles over Rs 1.54 trilion
Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors TCS and Infosys emerging as the biggest laggards
 "Mcap of seven of top-10 valued firms tumbles over Rs 1.54 trilion")
Global market trends, macro data to guide domestic stocks in this week
Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said
 "Global market trends, macro data to guide domestic stocks in this week")
Govt clears ex-StanChart banker Ananth Narayan as Sebi's whole-time member
Ananth Narayan has been appointed for an initial period of three years
High cotton prices to spoil apparel stocks' outlook in near-term: Analysts
At the bourses, shares of textile stocks like KPR Mills, Welspun India, and Vardhman Textiles have tumbled up to 45 per cent so far this year.
 "High cotton prices to spoil apparel stocks' outlook in near-term: Analysts")
Indian equities likely to remain volatile after US Fed chair's speech
On Friday, Fed chair Jerome Powell signaled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.
 "Indian equities likely to remain volatile after US Fed chair's speech")
A few bumps aside, road ahead is largely smooth for Infra developers
Though competition is very high, stabilisation of commodity, input and energy prices should support margins
 "A few bumps aside, road ahead is largely smooth for Infra developers")
Syrma SGS Technology dazzles on debut, stock soars 34% against issue price
Analyst at Swastika Investmart attributed the good listing to positive market sentiment, outstanding prospects, and a good response from the investors.
 "Syrma SGS Technology dazzles on debut, stock soars 34% against issue price")
Bond yields slide as reports tout progress in global listing of Indian debt
A fall of one basis point on the 10-year bond yield corresponds to a rise in price of roughly seven paise
 "Bond yields slide as reports tout progress in global listing of Indian debt")
Blackstone eyes IPO filing for $2.5 bn in shopping mall portfolio: Report
Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows
 "Blackstone eyes IPO filing for $2.5 bn in shopping mall portfolio: Report")
Dreamfolks' offer for sale subscribed 57 times on issue concluding day
The firm has a market share of over 90 per cent of all credit and debit cards that offer airport lounge facilities
 "Dreamfolks' offer for sale subscribed 57 times on issue concluding day")
Sensex, Nifty50 post slim gains, close lower for week; NTPC gains 2.8%
NTPC was the biggest gainer among the Sensex constituents, spurting 2.80 per cent
 "Sensex, Nifty50 post slim gains, close lower for week; NTPC gains 2.8%")