Page 1532 - Markets News
Adani group stocks fall; Adani Power, Adani Wilmar decline nearly 5%
Most of the Adani group stocks ended lower on Tuesday following a report that the conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively
 "Adani group stocks fall; Adani Power, Adani Wilmar decline nearly 5%")
Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
 "Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%")
NSE cautions investors against assured return products offered by 2 firms
The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock
 "NSE cautions investors against assured return products offered by 2 firms")
Deepak Fertilisers zooms 50% in four weeks on strong demand outlook
The company expects their market leadership in key product segments and strong demand outlook to drive business growth and profitability.
 "Deepak Fertilisers zooms 50% in four weeks on strong demand outlook")
This Radhakishan Damani-owned stock has zoomed 66% in 2 months
Astra Microwave Products sees opportunities from various programs planned by the government through Defense Research labs (DRDO) and from the Make-II opportunities from Ministry of Defence (MoD)
 "This Radhakishan Damani-owned stock has zoomed 66% in 2 months")
Correction likely after a sharp run; buy on dips: Credit Suisse Wealth Mgmt
The recent 'hope rally' in Indian markets was mostly led by a presumption that global central banks, especially the US Fed, may go slow on rate hikes in the rest of 2022 as the inflation cools off.
 "Correction likely after a sharp run; buy on dips: Credit Suisse Wealth Mgmt")
Ceat, Ambuja, IRCTC among 30 stocks that can defy current market volatility
Ambuja Cements, Ceat, Eicher Motors, Pidilite Industries, Tata Chemicals, Torrent Power and Wockhardt are few of the prominent stocks holding on to the bullish outlook.
 "Ceat, Ambuja, IRCTC among 30 stocks that can defy current market volatility")
GE Shipping hits over 14-year high, stock zooms 83% thus far in 2022
For the April-June quarter (Q1FY23), GE Shipping reported a jump of 142 per cent in consolidated net profit at Rs 457 crore as against Rs 189 crore in Q4FY22.
 "GE Shipping hits over 14-year high, stock zooms 83% thus far in 2022")
Eicher Motors gains 3%, hits new high; market cap nears Rs 1 trillion
The market-cap of Eicher Motors touched Rs 95,135 crore in the intra-day trade, and is 5.2 per cent away from Rs 1-trillion mark
 "Eicher Motors gains 3%, hits new high; market cap nears Rs 1 trillion")
Devyani International tanks 7% after over 2% equity traded via block deals
At 09:15 am, around 28.95 million equity shares representing 2.4 per cent of the total equity of the company changed hands on the BSE, the exchange data shows.
 "Devyani International tanks 7% after over 2% equity traded via block deals")
Buy CRISIL, Sell Larsen & Toubro recommends Mehul Kothari
According to the technical analyst from Anand Rathi, Larsen & Toubro can slip to Rs 1,800-level, while CRISIL can rally to Rs 3,700.
 "Buy CRISIL, Sell Larsen & Toubro recommends Mehul Kothari")
Stocks to watch: Infosys, RBL Bank, HDFC Bank, Zomato, Sobha, L&T
Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.
 "Stocks to watch: Infosys, RBL Bank, HDFC Bank, Zomato, Sobha, L&T")
Demand growth stays buoyant for Cummins India; profitability under pressure
Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.
 "Demand growth stays buoyant for Cummins India; profitability under pressure")
Are FMCG companies eyeing better margins ahead?
The consumer basket in India has been adversely affected due to the high food inflation and weak macro environment. However, easing commodity prices is expected to ease margin woes of FMCG companies
 "Are FMCG companies eyeing better margins ahead?")
Markets slip into red on fear of hawkish Fed, down 2.5% in two sessions
Profit-booking after over 17 per cent gains in just two months added to this fall
 "Markets slip into red on fear of hawkish Fed, down 2.5% in two sessions")
Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust
Trust in guru's name: Damani could manage Big Bull's estate
 "Gurudakshina? DMart's Damani likely to manage Jhunjhunwala's trust")
FOMO or attractive valuation? What drew FIIs back to Indian equities?
The change in their stance, analysts said, stems from the hope that the global central banks, especially US Fed may go soft on rate hikes as inflation cools off over the next few months.
 "FOMO or attractive valuation? What drew FIIs back to Indian equities?")
Four individuals settle with Sebi case related to Sobha Ltd, pay Rs 2.93 cr
It was alleged that Sobha Ltd had misrepresented the receivables for the construction of residence of one D K Shivakumar (DKS) and misreported service tax/GST dues of individual in 3 financial years
 "Four individuals settle with Sebi case related to Sobha Ltd, pay Rs 2.93 cr")
Investors poorer by Rs 6.5 trn in two days as Sensex tanks over 1,500 pts
According to analysts, fresh concerns related to the global economic growth have dampened investor sentiments
 "Investors poorer by Rs 6.5 trn in two days as Sensex tanks over 1,500 pts")
Fastest market rebound since 2003 invites scepticism for Indian stocks
The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals
 "Fastest market rebound since 2003 invites scepticism for Indian stocks")