Page 1590 - Markets News
Stocks to Watch: UltraTech Cement, Castrol, CIL, Aether Ind, Deepak Nitrite
Stocks to Watch: Aether Industries will be in focus as the speciality chemical maker is set to make its debut on the bourses today. The issue price has been fixed at Rs 642 per share.
 "Stocks to Watch: UltraTech Cement, Castrol, CIL, Aether Ind, Deepak Nitrite")
Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum
According to the technical analyst from Anand Rathi, Elecon has confirmed a range breakout while HPCL seems to be testing support at its long-term trend line.
 "Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum")
Markets await repo rate hike, liquidity measures by RBI
Retail inflation is highest in the last eight years. Markets expect the RBI to continue on its rate hike path till the inflation beast is tamed. So, what all is priced in and what is not?
 "Markets await repo rate hike, liquidity measures by RBI")
Sensex, Nifty extend losses for second straight session in choppy trade
High crude oil prices, lacklustre macroeconomic data and foreign fund outflows also played spoilsport
 "Sensex, Nifty extend losses for second straight session in choppy trade")
Life Insurance Corporation: This elephant can't dance, says Emkay Global
Emkay Global Financial Services, a leading domestic brokerage has initiated coverage on the stock with a 'hold' rating with a target price of Rs 875
 "Life Insurance Corporation: This elephant can't dance, says Emkay Global")
Fired fund managers of Axis Mutual Fund could be banned from markets
Though investigation is pending, Sebi may issue interim order
 "Fired fund managers of Axis Mutual Fund could be banned from markets")
Freak trade in Nifty options? Contracts with strike price 14,500 allowed
Market players said this could be due to punching error where the trader sold 14,500 call options instead of 16,500 call options
 "Freak trade in Nifty options? Contracts with strike price 14,500 allowed")
Cash volumes fall in May as market volatility keeps away investors
Regulatory changes and curbs on intraday leverage hurt volumes and push change to the derivative options segment.
 "Cash volumes fall in May as market volatility keeps away investors")
100 days of Ukraine crisis: From markets to economy, pain across the board
While India has raised its key rate by 40 basis points, others like Brazil have increased it by 200 basis points since the Ukraine crisis began
 "100 days of Ukraine crisis: From markets to economy, pain across the board")
Fuel retailers talking of under-recoveries on petrol, diesel: Puri
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses, which are as high as Rs 17.1 per litre on petrol
 "Fuel retailers talking of under-recoveries on petrol, diesel: Puri")
Delhivery hits new high; soars 15% as Credit Suisse gives outperform rating
While announcing its Q4FY22 results, Delhivery said that majority of the investments made by the company in FY22 were towards capacity and capability building in the form of capex.
 "Delhivery hits new high; soars 15% as Credit Suisse gives outperform rating")
Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?
In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now
 "Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?")
Sebi smoothens approval process for change in control of portfolio manager
Under this, the regulator has specified the procedure that needs to be followed by portfolio managers in matters which involve scheme(s) of arrangement which needs sanction of the NCLT
 "Sebi smoothens approval process for change in control of portfolio manager")
 "Foreigners pull out of Asian equities for fifth straight month in May")
Sensex jumps 437 pts, Nifty holds 16,600; RIL zooms 3.6%, Delhivery 6%
CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent
 "Sensex jumps 437 pts, Nifty holds 16,600; RIL zooms 3.6%, Delhivery 6%")
ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?
Charts reveal that ITC seems poised for another 15 per cent rally; Similarly, Godfrey Phillips has seen a "Golden Cross" and looks promising while others are seen testing historic support levels.
 "ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?")
Raymond, TD Power, HBL Power, KEI Industries, Mirza Intl hit record high
As of 11:09 am; these stocks rallied up to 14 per cent on the BSE in intra-day trade today. In comparison, the S&P BSE Sensex was down 0.04 per cent.
 "Raymond, TD Power, HBL Power, KEI Industries, Mirza Intl hit record high")
This automobile stock has zoomed 77% in three weeks; nears decade high
Hindustan Motors was locked at 5% upper circuit at Rs 17.35 after 11.68 million equity shares changed hands till 10:15 am
 "This automobile stock has zoomed 77% in three weeks; nears decade high")
Fine Organic hits record high; soars 35% in four days on strong Q4 results
PAT jumped nearly four-fold; Ebitda margins improved to 25.8 per cent from 15.1 per cent owing to shift in the product mix towards high- margin value-added products
Abdul Latif Jameel to invest $150 mn in Greaves Cotton's EV arm; stk up 14%
Abdul Latif Jameel will make an initial investment of Rs 1,160 crore for 35.8 per cent stake on a fully diluted basis in Greaves Electric Mobility
 "Abdul Latif Jameel to invest $150 mn in Greaves Cotton's EV arm; stk up 14%")