Page 1558 - Markets News
New kid in D-town: Nifty Financial Services sees steady growth, shows data
Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year
 "New kid in D-town: Nifty Financial Services sees steady growth, shows data")
Market may be less sensitive to Fed meetings in H2CY22: Bernstein MD
'We still see a range-bound market but have lowered the range to 13,500-16,000 for the Nifty50'
 "Market may be less sensitive to Fed meetings in H2CY22: Bernstein MD")
SME IPOs are outliers this year despite a sharp sell-off in the market
The stock prices of 47 companies that have listed on SME bourses this year are up 32 per cent on average
 "SME IPOs are outliers this year despite a sharp sell-off in the market")
Street signs: 15,800 key for Nifty, headwinds for gold financiers & more
Shares of gold finance firms, such as Muthoot Finance and Manappuram Finance, may come under pressure because of the softness in the price of yellow metal
 "Street signs: 15,800 key for Nifty, headwinds for gold financiers & more")
ITC stock puffed up over stable tax regime, steady volume recovery
Better capital allocation and valuation make it a preferred choice amid a volatile environment
 "ITC stock puffed up over stable tax regime, steady volume recovery")
FPIs in selling mode; take out Rs 7,400 cr from equities in July so far
There has been an exodus of foreign funds from the Indian equity market over the last nine months
 "FPIs in selling mode; take out Rs 7,400 cr from equities in July so far")
Six of top-10 firms lose Rs 1.68 trillion in m-cap; TCS biggest laggard
Six of the 10 most valued firms suffered a combined erosion of Rs 1,68,260 crore from their market valuation last week, mainly dragged down by TCS amid an overall weak trend in the equity market
 "Six of top-10 firms lose Rs 1.68 trillion in m-cap; TCS biggest laggard")
Sebi files FIR in cyber security incident; no sensitive data lost
Official spokesperson said, It was a small incident. CERT-IN is fully in the loop. No sensitive data was lost. Root cause has been diagnosed and fixed. Prevention for future has been fully implemeted
 "Sebi files FIR in cyber security incident; no sensitive data lost")
Powered by FMCG, auto stocks; indices snap four-day losing streak
Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards
 "Powered by FMCG, auto stocks; indices snap four-day losing streak")
Sebi orders attachment of bank, demat accounts in Ramkrishna Electro case
The recovery proceedings have been ordered against Chandrakant Bhargav Gole to recover Rs 5.74 crore collected by the company
Vikram Limaye's tenure ends at NSE, sources say no successor named yet
NSE had started MD & CEO selection process in March. Vikram Limaye was eligible for another five-year term but opted out
 "Vikram Limaye's tenure ends at NSE, sources say no successor named yet")
No relief for markets as Fed gets aggressive to tame inflation: Chris Wood
The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent
 "No relief for markets as Fed gets aggressive to tame inflation: Chris Wood")
Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low
The latest data showed that the RBI's headline foreign exchange reserves declined by $8.1 billion in the week ended July 8
 "Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low")
Demand recovery a rosy picture for paint companies in Apr-Jun quarter
Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action
 "Demand recovery a rosy picture for paint companies in Apr-Jun quarter")
This beaten down stock of a jewellery company has zoomed over 100% in July
PC Jeweller was locked at the 10 per cent upper circuit band, at Rs 47.35, on Friday. The stock has zoomed 106 per cent from a level of Rs 23 touched on June 30, 2022
 "This beaten down stock of a jewellery company has zoomed over 100% in July")
Sensex snaps 4-day losing run, up 345 pts; Nifty tops 16K; Auto, FMCG lead
CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts
 "Sensex snaps 4-day losing run, up 345 pts; Nifty tops 16K; Auto, FMCG lead")
Birlasoft dips 11% in 2 days after stk turns ex-date for buyback, dividend
The board of Birlasoft, on May 23, 2022, had approved buyback of up to 7.8 million equity shares of Rs 2 each of the company at a price of Rs 500 per share through the tender offer
 "Birlasoft dips 11% in 2 days after stk turns ex-date for buyback, dividend")
Buzzing stocks of the day: Paytm, Monte Carlo can rally up to 20%
Shares of HDFC Bank seem placed in the accumulation zone, while HDFC needs to hold on to key moving averages. Charts also indicate a wait and watch approach for LIC of India.
 "Buzzing stocks of the day: Paytm, Monte Carlo can rally up to 20%")
Lumax Auto Technologies surges 10%, hits record high on improved outlook
In FY23, the company expects domestic sales and exports to rebound as the global economy (including India) is experiencing a strong recovery
 "Lumax Auto Technologies surges 10%, hits record high on improved outlook")
HDFC Bank Q1 profit seen rising up to 33% YoY on low provisions: Analysts
Motilal Oswal Financial Services expects provisions to decline to Rs 3,730 crore in Q1FY23 from Rs 4,830 crore in Q1FY22
 "HDFC Bank Q1 profit seen rising up to 33% YoY on low provisions: Analysts")