Page 1582 - Markets News
India now the fourth largest gold recycling country: World Gold Council
Over the past five years, 11 per cent of India's gold supply came from 'old gold'; driven by movements in the gold price
 "India now the fourth largest gold recycling country: World Gold Council")
Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood
In the short-term, Wood suggests that investors should sell stocks on a rally. The bet for a sustained equity market rally before 2022 end is a possible change in the US Fed's language, he said
 "Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood")
Rising mortgage rates won't hit housing sales in India, say experts
Higher mortgage rates will have a lower impact on the Indian housing market than in the US market, said Kotak Institutional Equities (KIE)
 "Rising mortgage rates won't hit housing sales in India, say experts")
Rupee ends at record low as rebound in crude deepens CAD, inflation worries
Settles at 78.0825 to the dollar as against 77.9800 at 3:30 p.m. on Monday. The previous record closing low for the domestic currency was 78.0700 on June 17
 "Rupee ends at record low as rebound in crude deepens CAD, inflation worries")
BS Number Wise: RBI needs to strike the right balance as rupee falls
As the discussion shifts from internal to external factors, is the RBI being too conservative and could the rupee depreciate more?
 "BS Number Wise: RBI needs to strike the right balance as rupee falls")
Sebi imposes Rs 1.62-crore fine on 9 entities for fraudulent trading
The regulator found that there were nine entities along with few others, collectively called Hemang Shah Group, were connected to each other and also traded in the scrip of SGWL
 "Sebi imposes Rs 1.62-crore fine on 9 entities for fraudulent trading")
Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally
CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent
 "Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally")
Suven Life freezes at 20% upper circuit as board to mull rights issue
The stock had hit a 52-week low of Rs 62 on June 20, 2022, and has corrected 50 per cent from its record high level of Rs 124 touched on October 8, 2021
 "Suven Life freezes at 20% upper circuit as board to mull rights issue")
Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month
India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company
 "Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month")
Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts
Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside.
 "Tata Group stocks: Tata Motors, Tata Elxsi can rally up to 14%, show charts")
Sebi allows mutual funds to resume investing in international stocks
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry
KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown
With 24% correction in June, the stock of the garments & apparels maker has corrected 38% from its record high level of Rs 771.80
 "KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown")
5G auction, flat subscriber growth may weigh on Airtel, Voda Idea stocks
With organic cash flow, ongoing rights issue, strategic stake sale, improved market structure in India wireless, and easier 5G spectrum payment terms, Bharti remains well-placed to compete with R-Jio
 "5G auction, flat subscriber growth may weigh on Airtel, Voda Idea stocks")
Eureka Forbes' MD & CEO resigns; stock surges 12% on heavy volumes
Eureka Forbes said the board of directors of the company has accepted the resignation of Marzin R. Shroff as the MD and Chief Executive Officer (Executive Director) of the company
 "Eureka Forbes' MD & CEO resigns; stock surges 12% on heavy volumes")
KEC International jumps over 5% on securing multiple orders
The company has bagged multiple orders worth Rs 1,092 crore across its businesses in India and overseas.
 "KEC International jumps over 5% on securing multiple orders")
KNR Constructions dips 4%, hits 52-week low on margin concerns
As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.
 "KNR Constructions dips 4%, hits 52-week low on margin concerns")
Stocks to Watch: Telecom, LIC Hsg Fin, KEC Intl, Suven Life, IIFL Finance
Stocks to Watch Today: Indiabulls Housing Finance and RBL Bank are the two stocks in F&O ban period on Tuesday.
 "Stocks to Watch: Telecom, LIC Hsg Fin, KEC Intl, Suven Life, IIFL Finance")
Here's why Mehul Kothari recommends buying Dabur, Wipro
According to the technical analyst from Anand Rathi, Wipro can rally up to Rs 445, while Dabur can gain up to Rs 526.
 "Here's why Mehul Kothari recommends buying Dabur, Wipro")
Is there any silver lining for the markets amid current turmoil?
An initial public offer (IPO) and a follow-on public offer (FPO) are two types of public issues available to investors. Here is a breakdown of the differences between the two.
 "Is there any silver lining for the markets amid current turmoil?")
Markets may fall further on FPI selling, 14,500 level crucial for Nifty
If 14,500 support levels for Nifty are breached, a dip till 13,250 is possible
 "Markets may fall further on FPI selling, 14,500 level crucial for Nifty")