Page 1587 - Markets News
India's exports increase 24.18% to $9.4 billion during first week of June
The country's exports increased 24.18% to $9.39 billion during June 1-7 on account of healthy growth in sectors like engineering, gems and jewellery and petroleum products, an official said.
 "India's exports increase 24.18% to $9.4 billion during first week of June")
Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh
The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.
 "Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh")
Bata India dives after 2.8% promoter stake sale; stock down 8% in a week
On June 1, 2022, BATA (BN) B V, the promoter of Bata India, divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions.
 "Bata India dives after 2.8% promoter stake sale; stock down 8% in a week")
RBI rate hike may see rate sensitive stocks bottom out. Time to buy?
Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.
 "RBI rate hike may see rate sensitive stocks bottom out. Time to buy?")
SJS Enterprises rallies 31% in last nine days on strong Q4 results
Ace investor Ashish Kacholia held 3.77 per cent stake in SJS Enterprises at the end of March 31, 2022, the shareholding pattern data shows.
 "SJS Enterprises rallies 31% in last nine days on strong Q4 results")
Biocon hits over two-year low; slips 18% in six weeks post weak Q4 results
In the past one year, the stock has slipped 22 per cent, as against a 39 per cent rally in the S&P BSE Sensex.
 "Biocon hits over two-year low; slips 18% in six weeks post weak Q4 results")
Rate sensitive shares trade firm after RBI hikes repo rate by 50 bps
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
 "Rate sensitive shares trade firm after RBI hikes repo rate by 50 bps")
MRPL hits highest level since Oct 2018; stock more-than-doubles in 2 months
Higher GRMs are likely to benefit from favourable global refining scenario and the MRPL is expected to report healthy earnings in near term, analysts said
 "MRPL hits highest level since Oct 2018; stock more-than-doubles in 2 months")
Ahead of policy decision, RBI steps in to save rupee from hitting a new low
Currency trades in a narrow zone; ends the day at 77.71 against dollar
 "Ahead of policy decision, RBI steps in to save rupee from hitting a new low")
Stocks to Watch: SBI, HDFC Bk, RITES, Reliance, PNB, Mining, South India Bk
Stocks to Watch Today: Banks and rate sensitive related shares are likely to be in focus today as RBI announces the outcome of its three-day policy meet this morning.
 "Stocks to Watch: SBI, HDFC Bk, RITES, Reliance, PNB, Mining, South India Bk")
Here's why Vinay Rajani recommends buying TVS Motors, Bharat Electronics
The technical analyst from HDFC Securities expects near-term support for the Nifty at 16,300, below which it can slide to 16,000-mark.
 "Here's why Vinay Rajani recommends buying TVS Motors, Bharat Electronics")
How much more can LIC shares fall?
Dalal Street's debutant LIC has been on a negative slope even in rate hike scenarios. So, is there any more downside to the stock after a 21% fall from its issue price? Or will it stage bounce back?
 "How much more can LIC shares fall?")
Markets jittery ahead of RBI's policy decision; Sensex falls 568 points
Foreign portfolio investors (FPIs) sold shares worth Rs 2,294 crore, while domestic investors provided buying support to the tune of Rs 1,311 crore
 "Markets jittery ahead of RBI's policy decision; Sensex falls 568 points")
Sebi orders attachment of bank, demat accounts of Rose Valley Hotels
This recovery proceeding has been initiated against them to recover Rs 1,006.70 crore collected by the company through the issuance of non-convertible debentures (NCDs) to investors
 "Sebi orders attachment of bank, demat accounts of Rose Valley Hotels")
Analysts take a bite of premium QSR stocks as restaurants hike prices
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
 "Analysts take a bite of premium QSR stocks as restaurants hike prices")
PolicyBazaar owner PB Fintech's shares slumps 11.5% as CEO divests holdings
Sheds 15% intraday before reversing some of the losses to end at Rs 582.8 on BSE
 "PolicyBazaar owner PB Fintech's shares slumps 11.5% as CEO divests holdings")
LIC's mega Rs 21,000-cr IPO does little to lift demat tally in May
The pace was down by almost 750,000 when compared to January when over 3.4 mn new accounts got added
 "LIC's mega Rs 21,000-cr IPO does little to lift demat tally in May")
EPFO equity push: Stock returns more than 2x those of bonds, shows data
Retirement fund also invests in CPSE index, which has been a laggard among ETFs
 "EPFO equity push: Stock returns more than 2x those of bonds, shows data")
Investors poorer by Rs 2 trn as markets plummet ahead of RBI policy outcome
Titan was the biggest laggard in the Sensex pack, falling 4.48%, followed by Dr Reddy's, L&T, HUL, Asian Paints, Bajaj Finance, TCS and ICICI Bank
 "Investors poorer by Rs 2 trn as markets plummet ahead of RBI policy outcome")
Investors lose Rs 1.2 trn as LIC shares tumble 20% below issue price
Those investors who had put their money in LIC IPO had experienced a heavy depreciation in their portfolio, as the shares of the insurance major have been tumbling ever since its exchange listing
 "Investors lose Rs 1.2 trn as LIC shares tumble 20% below issue price")