Page 1524 - Markets News
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%")
Animal spirits? Chris Wood surprised by resilience of Indian stock market
Further evidence of economic resilience and animal spirits, according to Wood, is continuing strong goods and services tax (GST) revenues and buoyant retail sales
 "Animal spirits? Chris Wood surprised by resilience of Indian stock market")
Sebi tweaks rules for sharp rating actions, non-cooperating issuers
Sebi comes out with circular with changes, also tweaks policy to deal with non-cooperating issuers
 "Sebi tweaks rules for sharp rating actions, non-cooperating issuers")
Sequoia Capital cuts Zomato holding to 4.4%, sells 172 mn shares
Sequoia Capital India Investments IV also received 45,153,346 incremental equity shares on August 10 owing to the acquisition of quick-commerce delivery platform Blinkit
 "Sequoia Capital cuts Zomato holding to 4.4%, sells 172 mn shares")
Sebi enhances disclosures requirements for credit rating agencies
The move is aimed at allowing investors and other stakeholders to properly use such disclosures in a fair assessment of CRAs, the Securities and Exchange Board of India (Sebi) said in a circular.
 "Sebi enhances disclosures requirements for credit rating agencies")
Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3%
CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight
 "Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3%")
Stock of this EPC and solar advisory firm has zoomed 1,475% so far in 2022
In the past one month, the stock price of Gensol Engineering nearly doubled, or surged 96 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.
 "Stock of this EPC and solar advisory firm has zoomed 1,475% so far in 2022")
Eicher Motors sinks 3% as CFO Arunachalam tenders resignation
Eicher Motors said the appointment of a new CFO in his place would be intimated in due course. Meanwhile, Arunachalam will now join Cromptom Greaves Consumer as CFO, from September 5
 "Eicher Motors sinks 3% as CFO Arunachalam tenders resignation")
Titan hits over 4-month high on expansion plan; stock zooms 11% in 1 month
The company's strong growth outlook, industry tailwinds in the medium term and strong balance sheet makes it a best play in the retail space
 "Titan hits over 4-month high on expansion plan; stock zooms 11% in 1 month")
Nifty PSU Bank index can rally up to 13%; check top stock picks
The PSU Bank index has rallied 31 per cent as against a 16 per cent surge in the benchmark from June lows; Among stocks, Bank of Baroda, Indian Bank and Union Bank of India can rally up to 16%.
 "Nifty PSU Bank index can rally up to 13%; check top stock picks")
Surya Roshni surges 14% on healthy business outlook
As the company's major sales comes from rural, semi urban & exports; Going forward, the management expects home appliances and pipe segments to perform well back by various government initiatives.
 "Surya Roshni surges 14% on healthy business outlook")
Nelco up 10% on pact with Intelsat to offer inflight connectivity in India
Nelco has been offering the Aero IFC services for more than two years with plans to introduce these services to more airlines in collaboration with its global partners
 "Nelco up 10% on pact with Intelsat to offer inflight connectivity in India")
Trading Strategies for Cochin Shipyard, Larsen & Toubro by Mehul Kothari
According to the technical analyst from Anand Rathi, Cochin Shipyard can rally to Rs 390, whereas Larsen & Toubro can slip to Rs 1,800-level.
 "Trading Strategies for Cochin Shipyard, Larsen & Toubro by Mehul Kothari")
Stocks to watch: Titan, Dr Reddy's, Nelco, IOC, GIC Housing, Torrent Pharma
Stocks to watch today: Titan plans to add 20 to 30 Tanishq stores over two to three years in the Middle East and North America; Nelco inked pact with Intelsat to provide inflight connectivity services
 "Stocks to watch: Titan, Dr Reddy's, Nelco, IOC, GIC Housing, Torrent Pharma")