Page 1536 - Markets News
Debt MFs outflow continues; investors withdraw Rs 70,000-cr in Jun qtr
Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June
 "Debt MFs outflow continues; investors withdraw Rs 70,000-cr in Jun qtr")
New 10-year bond pricing flags concern of inflation, say dealers
The latest bond coupon at 7.26 per cent is higher than expected
 "New 10-year bond pricing flags concern of inflation, say dealers")
Nifty snaps 8-day winning run on weak global cues; Sensex falls 652 points
Fed remarks, China growth concerns hit sentiment
 "Nifty snaps 8-day winning run on weak global cues; Sensex falls 652 points")
IRCTC gains 3% on data monetisation plan; analysts see more upside
The Indian Railways ticketing arm aims to raise up to Rs 1,000 crore through this exercise; The stock is now within striking distance of its 200-DMA
 "IRCTC gains 3% on data monetisation plan; analysts see more upside")
Block mechanism in demat must for share sale transactions from Nov: Sebi
Markets regulator Sebi on Friday made it mandatory for investors to block securities on their respective demat accounts for sale transactions.
 "Block mechanism in demat must for share sale transactions from Nov: Sebi")
Sensex drops 652pts, Nifty near 17,750 as growth concerns weigh; banks sink
CLOSING BELL: The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo
 "Sensex drops 652pts, Nifty near 17,750 as growth concerns weigh; banks sink")
Ambuja Cements surges 10% in one week; stock inches towards 52-week high
Last week, the Competition Commission of India (CCI) approved Adani Group's acquisition of Ambuja Cements and ACC from Switzerland's Holcim.
 "Ambuja Cements surges 10% in one week; stock inches towards 52-week high")
RIL eyes new high; ONGC, HPCL can gain up to 8% amid windfall tax revision
The government on Thursday raised the windfall tax on exports of diesel to Rs 7 per litre and reintroduced the tax on jet fuel exports of Rs 2 per litre.
 "RIL eyes new high; ONGC, HPCL can gain up to 8% amid windfall tax revision")
Sensex on track to hit 65,000 in the medium-term, charts show
As per the technical charts, the Sensex has crossed two big crucial levels of 58,500 and 59,800. This scenario is likely to trigger a fresh rally that can see the index cross the last all-time high
 "Sensex on track to hit 65,000 in the medium-term, charts show")
Power Mech hits new high on order win from Adani Group; soars 52% in 1 mth
The company said it has bagged an order worth Rs 6,163.2 crore for five flue gas desulphurization [FGD] projects from the Adani Group.
 "Power Mech hits new high on order win from Adani Group; soars 52% in 1 mth")
Tata Chemicals hits new high; surges 38% in one month on healthy outlook
An anticipated reduction in imports and the ongoing programs on driving cost reductions and efficiencies will likely yield benefits in margins
 "Tata Chemicals hits new high; surges 38% in one month on healthy outlook")
Adani Power surpasses NTPC in m-cap ranking; zooms 318% thus far in 2022
In the past one month, the stock price of Adani Power has appreciated by 41 per cent, as compared to 6 per cent gain in the market price of NTPC. The S&P BSE Sensex, meanwhile, rallied 10 per cent
 "Adani Power surpasses NTPC in m-cap ranking; zooms 318% thus far in 2022")
Stocks to Watch: Wipro, RIL, ONGC, IRCTC, NHPC, Adani Total Gas, Nykaa
Stocks to Watch: IRCTC has floated a tender to hire consultants for monetization of these digital assets.
 "Stocks to Watch: Wipro, RIL, ONGC, IRCTC, NHPC, Adani Total Gas, Nykaa")
Here's why Mehul Kothari expects up to 10% rally in KPR Mill, Thermax
According to the technical analyst from Anand Rathi, KPR Mill can rally to Rs 640, while Thermax can surge to Rs 2,400.
 "Here's why Mehul Kothari expects up to 10% rally in KPR Mill, Thermax")
Should you buy jewellery stocks ahead of the festive season?
The onset of festive season is sparkling brightly over the jewellery sector. With gold prices correcting over 12 per cent from March peak, analysts foresee more upside in related stocks down the road
 "Should you buy jewellery stocks ahead of the festive season?")
Markets can hit highs only after inflation peaks abroad: Taher Badshah
'The key risk for the market at this juncture, especially after this strong comeback, is the resurgence of the known risks of recent times, namely the rebound of inflation and geopolitical tensions'
 "Markets can hit highs only after inflation peaks abroad: Taher Badshah")
Sebi tightens overseas norms for alternative investment and VC funds
Going ahead, all AIFs and VCFs will have to file an application before the market regulator for allocation of overseas investment limit in a format specified by Sebi
 "Sebi tightens overseas norms for alternative investment and VC funds")
Sensex reclaims 60,000 mark. What should your market strategy be now?
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
 "Sensex reclaims 60,000 mark. What should your market strategy be now?")
Nifty gains for 8th straight day; longest streak since November 2020
The relentless rally is underpinned by falling crude oil prices, revival in foreign investor flows and improving economic outlook
India's market capitalisation hits new record high of Rs 280.5 trillion
Surpasses January mark with key contributions from newly-listed LIC, Adani Wilmar
 "India's market capitalisation hits new record high of Rs 280.5 trillion")