Page 1552 - Markets News
History revisited: Indices rebound after 3 consecutive months of declines
This follows 2020, 2012, 2011 pattern, and the one in 2008, during the Global Financial Crisis
 "History revisited: Indices rebound after 3 consecutive months of declines")
Inadequate KYCs: Sebi lays down rules for deactivation of accounts
MIIs will have to ensure that they communicate the details of the deactivation along with reasons to the respective registered intermediary
 "Inadequate KYCs: Sebi lays down rules for deactivation of accounts")
The big bounce-back: Nifty logs biggest monthly gains since November 2020
FPIs buy shares worth Rs 6,300 crore, first net inflow since Sept 2021
 "The big bounce-back: Nifty logs biggest monthly gains since November 2020")
Investors richer by over Rs 9 trn in three days of market rally
Among Sensex constituents, Tata Steel, Sun Pharma, Bajaj Finserv, IndusInd Bank, Infosys, Asian Paints, Reliance Industries and Bajaj Finance were the biggest gainer
 "Investors richer by over Rs 9 trn in three days of market rally")
PM Modi launches India's first international bullion exchange in Gujarat
PM Narendra Modi lays the foundation stone of the Headquarters Building of the International Financial Services Centres Authority, in Gandhinagar
 "PM Modi launches India's first international bullion exchange in Gujarat")
Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY
Zomato Q1 preview: Analysts expect the Gurgaon-based firm's net loss to contract to Rs 315 crore in Q1FY23 from Rs 360.7 crore in the year-ago period.
 "Zomato preview: Experts expect Q1 loss to narrow; revenue may rise 59% YoY")
Sensex rises 712 pts, Nifty tops 17,150; Tata Steel rallies 7%, HDFC 2%
CLOSING BELL: Public sector banks were the only losers with the Nifty PSB index down 1.2 per cent
 "Sensex rises 712 pts, Nifty tops 17,150; Tata Steel rallies 7%, HDFC 2%")
HDFC Q1 profit jumps 22% YoY to Rs 3,669 crore, misses estimates
HDFC clocked the highest percentage growth in individual loan AUM in 8 years
 "HDFC Q1 profit jumps 22% YoY to Rs 3,669 crore, misses estimates")
Sun Pharma Q1 net profit soars 43% YoY to Rs 2,061 cr; revenue up 10%
It has reported an Ebitda (earnings before interest, tax, depreciation and ammortisation) of Rs 2,884 crore (including other operating revenues), with the Ebitda margin at 26.8 per cent.
 "Sun Pharma Q1 net profit soars 43% YoY to Rs 2,061 cr; revenue up 10%")
World stocks eye best month since late 2020, traders bet on weak US economy
As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment
 "World stocks eye best month since late 2020, traders bet on weak US economy")
Stock of this recently listed company has zoomed 50% in last six days
Post listing, institutional investors holdings in eMudhra increased by 3.28 percentage point to 14.99% as on June 30, 2022 from 11.71% as on May 27, 2022.
 "Stock of this recently listed company has zoomed 50% in last six days")
Adani Ports, ABB, NOCIL: Top 5 stocks that can rally up 15% in short-term
The broader markets have pulled back sharply, with the benchmarks Sensex and Nifty 50 now up 15 per cent each from the June lows.
 "Adani Ports, ABB, NOCIL: Top 5 stocks that can rally up 15% in short-term")
TVS Motor surges 10%, hits all-time high post strong June quarter results
In the past three months, the stock of TVS Motor outperformed the market as it surged 46 per cent, as compared to marginal 0.34 per cent rise in the S&P BSE Sensex.
 "TVS Motor surges 10%, hits all-time high post strong June quarter results")
SBI Life Insurance rallies 9.5%, hits new 52-week high on strong Q1 results
The company displayed a strong show in Q1FY23 with 80 per cent YoY growth in APE along with a sharp jump of 132 per cent YoY in VNB.
 "SBI Life Insurance rallies 9.5%, hits new 52-week high on strong Q1 results")
Ashok Leyland soars to a 4-year high, up 6% ahead of June quarter results
The demand for MHCV Trucks is expected to increase, driven by pickup in fleet utilization levels and supported by replacement demand in-line with recovery in economic activity and government spending.
 "Ashok Leyland soars to a 4-year high, up 6% ahead of June quarter results")
Asian stocks rally as markets focus on more gradual pace of rate hikes
Economists are debating whether the world's biggest economy (US) is already in or on the verge of a recession, as it battles its highest inflation in four decades and gross domestic product shrinks
 "Asian stocks rally as markets focus on more gradual pace of rate hikes")
Treasury losses, low provision: What to expect from Bank of Baroda's Q1 nos
Analysts would track Bank of Baroda's commentary on asset quality, and future growth trajectory of return on equity (RoE), loan growth and NIM
 "Treasury losses, low provision: What to expect from Bank of Baroda's Q1 nos")
Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet
Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.
 "Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet")
Trading Strategies: Mehul Kothari recommends to buy Tech Mahindra, sell SBI
According to the analyst from Anand Rathi, SBI has not seen any meaningful correction, and the stock now hovers near the multiple tops zone.
 "Trading Strategies: Mehul Kothari recommends to buy Tech Mahindra, sell SBI")
When will FIIs return to Indian shores?
Equity markets rallied on Thursday. Now after pulling out over $30 bn from the equities since Oct 2021, FIIs may be prepping to come back to Indian shores. Find out what all is luring them back
 "When will FIIs return to Indian shores?")