Page 1526 - Markets News
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")
What should investors expect from RIL's 45th AGM?
Big announcements may be on the cards as Reliance Industries is set to hold its 45th AGM on Monday. The company may announce its plans for 5G rollout, green hydrogen, solar power and retail business
 "What should investors expect from RIL's 45th AGM?")
Equity benchmarks capitulate in the last hour of trade, close in red
Bajaj Finance led the losers among the Sensex constituents, falling 1.81 per cent, followed by PowerGrid, Infosys, TCS, IndusInd Bank, Axis Bank, NTPC, and Larsen & Toubro.
 "Equity benchmarks capitulate in the last hour of trade, close in red")
IIT alums became friends on Street. Then one turned on other
Former Goldman banker Brijesh Goel was arrested for insider trading. His friend, ex-Barclays trader Akshay Niranjan, is co-conspirator, who turned on his buddy
 "IIT alums became friends on Street. Then one turned on other")
Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index
Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period
 "Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index")
India's valuation premium to emerging market peers at five-month high
Nifty P/E 82% higher than MSCI EM; up from 54% in June
 "India's valuation premium to emerging market peers at five-month high")
Market value of FPI holdings to investment at 3x: Motilal Oswal
Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms
 "Market value of FPI holdings to investment at 3x: Motilal Oswal")
BNP Paribas Arbitrage offloads 405,000 PVR shares worth Rs 74 cr
BNP Paribas Arbitrage on Thursday offloaded 405,000 shares of multiplex film exhibition company PVR Ltd for more than Rs 74 crore through an open market transaction
 "BNP Paribas Arbitrage offloads 405,000 PVR shares worth Rs 74 cr")