Page 1599 - Markets News
LIC's listing-day show second-worst globally for big IPOs this year
The worst was that of chip manufacturer ASR Microelectronics, whose shares had slumped 34% in Shanghai during their trading debut in January following its $1.1 billion IPO
 "LIC's listing-day show second-worst globally for big IPOs this year")
Bharti Airtel trades weak despite strong Q4; down 5% from intra-day high
In the past one week, Airtel has underperformed the market by falling 4 per cent, as compared to 0.28 per cent rise in the Sensex.
 "Bharti Airtel trades weak despite strong Q4; down 5% from intra-day high")
Oil rates fall 2% as US refiners ramp up output, equities retreat
By Arathy Somasekhar
 "Oil rates fall 2% as US refiners ramp up output, equities retreat")
 "US dollar rebounds after Fed chair Powell reaffirms hawkish outlook")
Ruchi Soya hits upper circuit on buyout of Patanjali's food retail business
The board also approved to change company's name from Ruchi Soya Industries to Patanjali Foods.
 "Ruchi Soya hits upper circuit on buyout of Patanjali's food retail business")
Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%
CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE
 "Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%")
Dr Reddy's Q4 PAT may rise 28% YoY; margins likely to fall, say analysts
The pharmaceutical giant may witness some impact due to its large exposure of the business to Russia, and CIS regions.
 "Dr Reddy's Q4 PAT may rise 28% YoY; margins likely to fall, say analysts")
Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?
Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias
 "Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?")
MRPL hits highest level since Oct 2018, rallies 34% in four trading days
For Q4FY22, MRPL reported standalone net profit of Rs 3,008 crore as against profit of Rs 268 crore in Q4FY21.
 "MRPL hits highest level since Oct 2018, rallies 34% in four trading days")
OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4
As per media reports, the government is considering selling a 20-25 per cent stake in BPCL instead of its entire 53 per cent holding, previously under divestment process.
 "OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4")
Gokaldas Exports surges 9%; hits all-time high on healthy business outlook
A shift in consumer preferences post pandemic towards wovens, as people seek more formal clothes, may improve demand.
 "Gokaldas Exports surges 9%; hits all-time high on healthy business outlook")
Dr Lal Pathlabs slips 6%, hits 52-week low post muted Q4 results
In Q4FY22, normalised earnings before interest, taxes, depreciation, and amortization (EBITDA) margins contracted 630 bps to 19.4 per cent from 25.7 per cent in Q4FY21
 "Dr Lal Pathlabs slips 6%, hits 52-week low post muted Q4 results")
Stocks to watch: ITC, LIC, BPCL, Bharti Airtel, IOC, DLF, IGL, Zydus Life
Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.
Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC
According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.
 "Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC")
Will govt's divestment enter slow lane after LIC's weak debut?
LIC started its journey at secondary markets on a weak note. While analysts are unperturbed with the stock performance, take a dive into what LIC's weak debut means for this year's divestment target
 "Will govt's divestment enter slow lane after LIC's weak debut?")
A weak rupee spells more trouble for consumer durables companies
The first of a four-part series looks at its impact on consumer durables
 "A weak rupee spells more trouble for consumer durables companies")
LIC shares drop 8% below issue price on debut, end at Rs 873 apiece
The insurance behemoth's shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue price but providing small investors an opportunity to exit with nominal gains.
 "LIC shares drop 8% below issue price on debut, end at Rs 873 apiece")
Policyholders who missed out on allotment will pick up LIC shares: MR Kumar
We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar
 "Policyholders who missed out on allotment will pick up LIC shares: MR Kumar")
Sebi receives two names for NSE top job, may ask exchange for more
Incumbent MD and CEO Vikram Limaye's term ends July 16. He took charge seven months after abrupt exit of former boss Chitra Ramkrishna amid charges of wrongdoings at NSE's colocation facility
 "Sebi receives two names for NSE top job, may ask exchange for more")
LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float
According to LIC's final offer document, the company shelled out just Rs 11.8 cr as payment to book running lead managers, or 9.9% of total issue expenses
 "LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float")