Page 1550 - Markets News
FPIs raise bets on FMCG stocks; prune holdings in energy and IT
In July, they were net-buyers after nine consecutive months of selling
 "FPIs raise bets on FMCG stocks; prune holdings in energy and IT")
IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts
InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term
 "IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts")
Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts
CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent
 "Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts")
Zomato gains 6%; stock rebounds 21% from Wednesday's low
American ride-hailing giant Uber, on Wednesday, sold its entire 7.78 per cent stake in domestic food-delivery company Zomato to mop up Rs 3,088 crore
 "Zomato gains 6%; stock rebounds 21% from Wednesday's low")
Nykaa Q1 revenue may rise 33% YoY, profit could jump on low base: Analysts
Nykaa Q1 results preview: Brokerages have broadly estimated the Ebitda margins to rise to 4.5-4.8 per cent. In the year-ago period and the March quarter, the Ebitda margins stood at 3.3 and 4 per cent
 "Nykaa Q1 revenue may rise 33% YoY, profit could jump on low base: Analysts")
Navneet Education hits 3-yr high on strong Q1; stock soars 28% in 2 days
The advent of new educational policy would bring changes in the curriculum of the school syllabus and will directly impact the company's business positively, acting as a strong growth driver.
 "Navneet Education hits 3-yr high on strong Q1; stock soars 28% in 2 days")
Deepak Fertilisers up 5%, hits new high; stock gains 29% post strong Q1 nos
The company reported a 3.3-fold jump in Q1 net profit at Rs 435.66 crore, following which the stock has rallied smartly in the last seven trading sessions.
 "Deepak Fertilisers up 5%, hits new high; stock gains 29% post strong Q1 nos")
Charts show Nifty IT index has bottomed out: 4 stocks can rally up to 24%
MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.
 "Charts show Nifty IT index has bottomed out: 4 stocks can rally up to 24%")
Subex zooms 44% in 2 days after pact with Reliance's arm Jio Platforms
Earlier, Subex and JPL announced partnership for AI Orchestration Platform, HyperSense, which will enable telcos to deliver on the promise of AI across data value chain.
 "Subex zooms 44% in 2 days after pact with Reliance's arm Jio Platforms")
NDTV hits over 13-year high; stock zooms 85% in one month
The stock has rallied 20% in the past two trading days to Rs 312.65. It was at its highest level since September 2008
 "NDTV hits over 13-year high; stock zooms 85% in one month")
Worst of inflation behind us; mkt recovery to continue: Emkay's Sachin Shah
The two big challenges of inflation and aggressive FII selling are behind us, believes Sachin Shah, Fund Manager, Emkay Investment Managers
 "Worst of inflation behind us; mkt recovery to continue: Emkay's Sachin Shah")
Macrotech Developers slips 8% after 2% equity changed hands via block deals
Till 10:11 am; around 6.2 million shares or 1.33 per cent of total equity of the company changed hands on the NSE, exchange data shows.
 "Macrotech Developers slips 8% after 2% equity changed hands via block deals")
Adani Power hits record high as Q1 net zooms 17-fold; up 221% in 6 months
A nation-wide heatwave and broadening of the recovery in economic activity continued to drive electricity demand growth in the first quarter of FY23, the company said.
 "Adani Power hits record high as Q1 net zooms 17-fold; up 221% in 6 months")
Stocks to Watch: Dabur, Wipro, IndiGo, Vodafone Idea, Adani Wilmar, Sugar
Stocks to Watch today: Britannia Industries, GAIL, Adani Enterprises, LIC Housing Finance, and Dabur India will be on the radar ahead of their Q1 results.
 "Stocks to Watch: Dabur, Wipro, IndiGo, Vodafone Idea, Adani Wilmar, Sugar")
Uber sells entire stake in Zomato; pockets Rs 3,088 cr, makes 2.4x returns
Fidelity Investment Trust Fidelity Series Emerging Markets Fund bought 54.4 mn shares worth Rs 274 cr and ICICI Prudential Life Insurance bought another Rs 226 crore, showed block deal data
 "Uber sells entire stake in Zomato; pockets Rs 3,088 cr, makes 2.4x returns")
Is the current strength in rupee sustainable?
The Indian rupee has reversed its slide amid a weakening in the US dollar index, and a halt in foreign investors' selling spree. Find out the sectors that can benefit the most from the current trend
 "Is the current strength in rupee sustainable?")
Sebi restructures market data advisory committee; to have 20 members
Earlier, the committee had 21 members
 "Sebi restructures market data advisory committee; to have 20 members")
Paytm Q1 preview: Net loss could narrow to Rs 646 cr on solid lending biz
Paytm Q1FY23 results: JPMorgan pegs net loss at Rs 672.3 crore, down from Rs 761 crore QoQ
 "Paytm Q1 preview: Net loss could narrow to Rs 646 cr on solid lending biz")
Retail investors' holdings drop by Rs 1.67 trn to Rs 17.58 trn in Q1: Data
Shareholding of high networth individuals (HNIs) - those holding shares worth more than Rs 2 lakh in a company - also declined to 2.08 per cent as on June 30, from 2.21 per cent on March 31
 "Retail investors' holdings drop by Rs 1.67 trn to Rs 17.58 trn in Q1: Data")
Markets extend winning run on fag-end buying; Nifty rises 42.70 points
In a volatile session, the 30-share BSE Sensex ended 214.17 points or 0.37 per cent higher at 58,350.53
 "Markets extend winning run on fag-end buying; Nifty rises 42.70 points")