Page 1561 - Markets News
Sensex, Nifty reverse early gains amid weak trends in European markets
The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day
 "Sensex, Nifty reverse early gains amid weak trends in European markets")
Led by new-gen investors, mobile trading accounts for a fifth of trades
Higher smartphone penetration and lower data charges are powering this trend, say industry players
 "Led by new-gen investors, mobile trading accounts for a fifth of trades")
Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr
July 21 set as record date for payout; stock up 1.44% on BSE
 "Hindustan Zinc to pay Rs 21 per share dividend, outflow at Rs 8,873 cr")
Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
 "Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%")
Insecticides India up 3% in weak market; hits 52-wk high on healthy outlook
For FY23, the management expects the top line to grow by a double digit, mainly driven by expansion of facilities, addition of new generation products and significant number of product registrations.
 "Insecticides India up 3% in weak market; hits 52-wk high on healthy outlook")
KEC Intl, Macrotech: 5 Nifty 500 stocks that are on the verge of a breakout
KEC International and Shriram Transport Finance can soar up to 22 per cent, while Macrotech Developers, Gujarat Fluorochemicals and Godrej Consumer can rally up to 15 per cent, show charts.
 "KEC Intl, Macrotech: 5 Nifty 500 stocks that are on the verge of a breakout")
Varun Beverages hits new high on strong earnings hope; rises 16% in a month
The management remains confident of delivering healthy volume growth in the medium to long-term on the back of strong demand momentum.
 "Varun Beverages hits new high on strong earnings hope; rises 16% in a month")
Gokaldas Exports slips 7%, stock hits over 6-month low
According to a report, global garment retailers are asking Indian exporters to reduce apparel prices as cotton prices have dropped 16 per cent and the Indian rupee has devalued against the US dollar.
 "Gokaldas Exports slips 7%, stock hits over 6-month low")
Front-running scandal at Axis Mutual Fund set to rock $465-bn MF industry
Axis Asset Management Co, India's seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe
 "Front-running scandal at Axis Mutual Fund set to rock $465-bn MF industry")
Stocks to watch: HCL Tech, Mindtree, Tata Metaliks, SBI, ICICI Bank, NMDC
Stocks to watch today: Mindtree, Tata Metaliks will report their June quarter 2022 (Q1FY23) results on Wednesday, July 13; NMDC will be removed from the Nifty CPSE index post hive off of NMDC Steel.
 "Stocks to watch: HCL Tech, Mindtree, Tata Metaliks, SBI, ICICI Bank, NMDC")
Nifty can target 16,650 in the short-term, says Vinay Rajani
The technical analyst from HDFC Securities also recommends buying CCL Products and Torrent Pharma.
 "Nifty can target 16,650 in the short-term, says Vinay Rajani")
Global squeeze on energy supply may get worse, warns IEA's Fatih Birol
"The world has never witnessed such a major energy crisis in terms of its depth and its complexity," IEA Executive Director Fatih Birol said Tuesday at a global energy forum in Sydney
 "Global squeeze on energy supply may get worse, warns IEA's Fatih Birol")
Rupee falls to a fresh low, just 40 paise away from 80 per dollar
The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close
 "Rupee falls to a fresh low, just 40 paise away from 80 per dollar")
Demand outlook remains robust for Blue Dart Express, say brokerages
Blue Dart Express posted 34 per cent revenue growth in 2021-22, assisted by 30 per cent growth in volumes; the rest came from higher realisations
 "Demand outlook remains robust for Blue Dart Express, say brokerages")
The recent correction has removed froth in the broader market: C J George
India will be the fastest growing large economy in the world. Our corporate profit to GDP is on a steady uptrend. Therefore, India will outperform
 "The recent correction has removed froth in the broader market: C J George")
Iron ore prices tumble towards $100 as demand from China declines
Market watchers are monitoring the government's response as the daily virus caseload in Shanghai grows, topping 50 for the fourth straight day
 "Iron ore prices tumble towards $100 as demand from China declines")
Infosys leads slide in IT stocks as indices lose 1%, follow global trend
Unabated foreign fund outflows and the rupee dropping to another record low against the dollar added to the woes, traders said
90 days on, MFs line up NFOs as embargo lifts; a dozen schemes expected
Experts say the resumption of NFOs will help support inflows into equity schemes, which are key to offset selling by foreign funds
 "90 days on, MFs line up NFOs as embargo lifts; a dozen schemes expected")
Sensex sinks 509 pts, Nifty holds 16,050 in across-the-board sell-off
CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent
 "Sensex sinks 509 pts, Nifty holds 16,050 in across-the-board sell-off")
This Adani Group stock has zoomed over 3,600% since March 2020
Adani Total Gas hit a new high of Rs 2,845 on Tuesday, surging 15 per cent in the past three trading days
 "This Adani Group stock has zoomed over 3,600% since March 2020")