Page 1588 - Markets News
ICICI Lombard slips 5%; stock hits lowest level since May 2020
Muted business growth in two years coupled with higher claims led by covid-19 resulted in the recent underperformance.
 "ICICI Lombard slips 5%; stock hits lowest level since May 2020")
RIL stock sheds morning gains as BSE Sensex tumbles over 600 points
RIL, says a report by Citi Research, is the biggest beneficiary of rising crude oil imports from Russia
 "RIL stock sheds morning gains as BSE Sensex tumbles over 600 points")
Nifty 500: 350 stocks below 200-DMA; ACC, Hero Moto, HUL new additions
Over 10 stocks slipped below their 200-DMA on Tuesday after the Nifty50 broke below its sentimentally important level of 16,400, while the Sensex lingered near 55,000-mark
 "Nifty 500: 350 stocks below 200-DMA; ACC, Hero Moto, HUL new additions")
Bain Capital-backed $44 billion wealth manager is bullish on India REITs
IIFL Wealth Management Ltd. is recommending its clients allocate as much as 10% to the hybrid investments, co-founder and joint Chief Executive Officer Yatin Shah said
 "Bain Capital-backed $44 billion wealth manager is bullish on India REITs")
UltraTech Cement falls 10% in three days; loses Rs 17,157 crore-market cap
Analysts at ICICI Securities believe the next two quarters will remain challenging for the cement industry as it will battle both weak demand (owing to monsoon) & heightened costs.
 "UltraTech Cement falls 10% in three days; loses Rs 17,157 crore-market cap")
MRPL, Chennai Petroleum soar up to 19% on strong business outlook
The rise in the Singapore gross refining margin (GRM) to a record high of $25.2 a barrel bodes well for Indian refiners as they process raw crude into refined products.
 "MRPL, Chennai Petroleum soar up to 19% on strong business outlook")
Policybazaar tanks 10% as CEO Yashish Dahiya plans 3.77 mn share sale
Yashish Dahiya intends to offload partial stake via bulks deals on the exchanges. He currently holds 24.52 million shares in the company.
 "Policybazaar tanks 10% as CEO Yashish Dahiya plans 3.77 mn share sale")
Stocks to Watch: Banks, Tata Motors, Airtel, Maruti, IDBI, Adani group
Stocks to Watch today: Tata Motors signed the biggest-ever EV fleet order in India with the largest fully-electric ride-hailing service firm - BluSmart Mobility for delivering 10,000 Xpres-T EVs.
 "Stocks to Watch: Banks, Tata Motors, Airtel, Maruti, IDBI, Adani group")
Here's why Mehul Kothari is bullish on Maruti Suzuki, NOCIL
According to the technical analyst from Anand Rathi, Maruti is witnessing a formation of double bottom near Rs 7,600 mark, while NOCIL has seen a breakout above Rs 265 level.
 "Here's why Mehul Kothari is bullish on Maruti Suzuki, NOCIL")
LIC hits new low since listing; market cap falls below Rs 5 trillion
Since listing, LIC has lost Rs 56,000 crore of market-cap from Rs 5.54 trillion to Rs 4.98 trillion
 "LIC hits new low since listing; market cap falls below Rs 5 trillion")
Sensex valuation falls to nearly 5-year low with exception of Mar-Jun 2020
The index EPS tracks the combined earnings of the 30 companies that are part of the Sensex
 "Sensex valuation falls to nearly 5-year low with exception of Mar-Jun 2020")
Why are analysts dumping diagnostics sector for multiplexes?
Soon after the news of rising Covid-cases in parts of India, diagnostic and multiplex stocks moved in opposite directions on Monday. Find out analysts' views on the two sectors and if should you worry
 "Why are analysts dumping diagnostics sector for multiplexes?")
10-year G-Sec touches 7.5% ahead of RBI's monetary policy review
The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers
 "10-year G-Sec touches 7.5% ahead of RBI's monetary policy review")
Markets remain subdued for second day; RIL, Asian Paints top drags
In contrast, Tata Steel, IndusInd Bank, M&M, ITC, Kotak Mahindra Bank, Infosys and ICICI Bank were among the gainers, rising up to 0.99 per cent
 "Markets remain subdued for second day; RIL, Asian Paints top drags")
IT stocks lose most amid $5.15-billion FPI selling in May, shows data
After IT, banking & financial services and fast-moving consumer goods (FMCG) saw the biggest outflows - at $1.55 billion and $660 million - respectively
 "IT stocks lose most amid $5.15-billion FPI selling in May, shows data")
Forecast for historic rupee low grows as oil prices widen deficit
The bearish forecasts -- which will see the rupee drop as much as 4% from current level -- stem from a deterioration in India's external finances
 "Forecast for historic rupee low grows as oil prices widen deficit")
Widening earnings-bond yield gap may weigh on stock market performance
If bond yields continue to climb, Nifty valuations will have to lower to maintain the gap
 "Widening earnings-bond yield gap may weigh on stock market performance")
Top headlines: LIC stock hits new low; Rs 76k-cr military projects approved
Business Standard brings you top news of the evening
 "Top headlines: LIC stock hits new low; Rs 76k-cr military projects approved")
What is a 'fat-finger trade' or freak trade?
Did you know that at times a wrong entry on a keyboard by a stressed trader can also bring down shares of any mighty company? It is known as fat finger syndrome. Let us know more about it.
 "What is a 'fat-finger trade' or freak trade?")
LIC at new low: The story of India's biggest insurer's stock since listing
From the govt's announcement of plans to divest its stake in LIC, to its debut on the exchanges, to touching a new low, here is a snapshot of this journey so far