Page 1607 - Markets News

FDI equity inflows marginally down at $58.77 bn in 2021-22: DPIIT data

FDI equity inflows into India contracted marginally by 1 per cent to $58.77 billion during 2021-22, according to official data.

Indian iron ore and steel stocks slump, autos rise after export tax hikes

The Nifty metals index fell as much as 8.9% on Monday, the fastest rate of decline since March 2020, while the Nifty auto index rose 2.9%

Metal stocks slide; Jindal Steel cracks over 17% amid export duties

Metal stocks faced heavy drubbing on Monday, with Jindal Steel & Power cracking over 17 per cent, after the government imposed export duties on steel-making raw materials.

Top headlines: RBI Governor on rate hike in June; metal stocks bleed

Business Standard brings you the top headlines on Monday

Rupee recovers from record lows to end 15 paise higher at 77.55 to dollar

Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas.

Sensex falls 642pts from day's high, ends 38pts down; Tata Steel bleeds 12%

CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.

Indian Hotels unveils 'Ahvaan 2025' for profitable growth; stock gains 4%

The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.

HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

According to the current chart structures, shares of OMCs needs to hold their relevant support levels to stay afloat.

Amara Raja Batteries slips 6% on disappointing Q4 operational performance

In Q4, Ebitda declined by 31 per cent year on year to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation

Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest

Charts of steel stocks signal further downside, indicating a fall up to 20 per cent in select shares; cement counters indicate a wait-and-watch approach

Stock of this rubber producer company has zoomed 76% in two months

Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days

In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.

Nifty Metal bleeds 7% after govt hikes export duty on steel products

The government levied export duty on 11 iron and steel intermediates and key steel products.

Stocks to Watch: Infy, L&T, PowerGrid, BHEL, NTPC, IDBI Bank, Steel makers

Stocks to Watch Today: Bharat Electronics, Data Patterns (India), SAIL and Zomato ahead of Q4 earnings on Monday.

New audit rulebook for SPACs in offing: Govt may legalise, allow listing

The draft Bill to amend the Companies Act is expected to be ready by the second quarter of the current fiscal year

Limited cases of front-running taken up for scrutiny in 2020-21 amid Covid

The category accounts for under 5% of probes completed during the year, and under 3% taken up for scrutiny, shows an analysis of data from Sebi's last available annual report

Markets will be in consolidation mode for some time: Manish Gunwani

From a two- to three-year perspective, the market looks reasonably rewarding after the recent correction.

Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey

Covid-19 - which had ruled the charts as the biggest risk between 2020 and 2021 - has slipped down the pecking order, with only a net 1 per cent of respondents seeing it as a threat

Launches, base biz expansion tonic for Dr Reddy's double-digit growth

While the company's bottom line grew 10.5% annually over the 2016-17 through 2021-22 (FY22) period, it is expected to register thrice that growth rate over next two years, observes ICICI Securities