Page 1584 - Markets News
Top 10 firms lose Rs 3.91 trillion in m-cap; TCS, RIL biggest laggards
Past week, the BSE Sensex plunged 2,943.02 points or 5.42%, while the NSE Nifty declined 908.30 points or 5.61%
 "Top 10 firms lose Rs 3.91 trillion in m-cap; TCS, RIL biggest laggards")
Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee
The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals.
 "Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee")
Mkts log biggest weekly drop in two yrs as indices drop sixth day on trot
Benchmark indices shed over 5% each as investors take money off risky assets amid fears of global recession after US Fed's 75 bps rate hike
 "Mkts log biggest weekly drop in two yrs as indices drop sixth day on trot")
Demand, margin worries weigh on aluminium producers as crises continue
Metal's price has declined by a third in two months on LME; analysts differ on how supply-demand situation may pan out
 "Demand, margin worries weigh on aluminium producers as crises continue")
Fund houses ready NFOs as ban nears end, say will comply with new norms
In a circular in October 2021, Sebi had stated that pooling of funds or units by stockbrokers and clearing members in any form or manner shall be discontinued for all mutual fund transactions
 "Fund houses ready NFOs as ban nears end, say will comply with new norms")
Long-short funds hold fort, deliver 0.17% returns amid market rout
Long-only funds are down 5.85 per cent on a median basis over the last month, according to data from tracker PMS Bazaar
 "Long-short funds hold fort, deliver 0.17% returns amid market rout")
India exits $3-trillion m-cap club; falls to sixth in global league
Correction in the stock market, FPI sell-off reduce valuation by $676 billion
 "India exits $3-trillion m-cap club; falls to sixth in global league")
Sebi to auction properties of Royal Twinkle, Citrus Check Inns on July 15
The move is part of Sebi's effort to recover funds worth thousands of crores of rupees raised by the companies
 "Sebi to auction properties of Royal Twinkle, Citrus Check Inns on July 15")
Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%
CLOSING BELL: Bajaj twins, Coal India, JSW Steel, Apollo Hospitals, ITC, ICICI Bank, RIL, and HDFC Bank were the top Nifty gainers, rising between 0.8 per cent and 3 per cent
 "Sensex ends volatile day 135 pts lower, Nifty below 15,300; Titan drops 6%")
Sebi panel provides facilities for PACL investors to update mobile number
A high-powered Sebi committee on Friday provided facilities to PACL investors to update details of their mobile numbers and enquire whether SMSs have been sent to them to submit original certificates
'Markets have not hit the bottom yet; select banks, autos attractive'
Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities
 "'Markets have not hit the bottom yet; select banks, autos attractive'")
Elgi Equipments bucks weak market trend; zooms 54% in five weeks
The company remains optimistic with respect to growth in FY23 and are well prepared to achieve revenue targets for the year
 "Elgi Equipments bucks weak market trend; zooms 54% in five weeks")
Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months
Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.
 "Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months")
Telecom sector in focus: Charts suggest up to 25% upside for Airtel, TTML
Charts suggest that Bharti Airtel can rally to a new high of Rs 800; However, investors need to wait for a confirmed breakout if considering to buy shares of Vodafone Idea.
 "Telecom sector in focus: Charts suggest up to 25% upside for Airtel, TTML")
Delta Corp gains 9% as gaming arm files IPO papers with Sebi
Meanwhile, thus far in the month of June, ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have sold 7.5 million equity shares of Delta Corp through open market sale
 "Delta Corp gains 9% as gaming arm files IPO papers with Sebi")
BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low
Fears of a recession in the US grew after Federal Reserve's biggest rate hike in nearly three decades, followed by Swiss National Bank raising its policy interest rate for the first time in 15 years.
 "BSE IT index tanks 11% so far in June; TCS, Infosys, Wipro hit 52-week low")
Stocks to watch: Telecom, Aviation, Tata Motors, HDFC, Glenmark Pharma
Stocks to watch today: Tata Motors UK subsidiary JLR is likely to halt production due to supply disruption and chip crunch; Aviation stocks in focus after jet fuel prices hiked by 16 per cent.
 "Stocks to watch: Telecom, Aviation, Tata Motors, HDFC, Glenmark Pharma")
F&O Strategy: Nandish Shah recommends Bear Spread strategy on DLF
The technical analyst from HDFC Securities recommends buying DLF June 300 Put and simultaneously selling 280 Put.
 "F&O Strategy: Nandish Shah recommends Bear Spread strategy on DLF")
Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others
Sebi has ordered attachment of bank accounts as well as share and mutual fund accounts of Aakruti Nirmiti Ltd and its directors to recover investors' dues totalling over Rs 95 crore
 "Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others")
Why US Fed's rate hike failed to calm markets?
The S&P BSE Sensex and Nifty50 indices hit 52-week lows on Thursday, as economists fear a recession could be around the corner for the US. Markets watchers see more pain ahead for the Indian markets
 "Why US Fed's rate hike failed to calm markets?")