Page 1608 - Markets News
Sugar stocks extend fall, slip up to 9% as government restricts exports
Brokerage ICICI Securities believes this would not have any impact on sugar companies' fundamentals.
 "Sugar stocks extend fall, slip up to 9% as government restricts exports")
Minda Industries rallies 9% post Q4 results and 1:1 bonus issue
The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.
 "Minda Industries rallies 9% post Q4 results and 1:1 bonus issue")
Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000
The technical analyst from HDFC Securities recommends buying Transport Corporation of India basis charts
 "Vinay Rajani recommends buy on dips strategy; Nifty support seen at 16,000")
Stocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur
Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.
 "Stocks to Watch: Adani Ports, Strides, Metropolis, RITES, Zee, Balrampur")
ICICI Prudential AMC's S Naren on his investment mantra and more
Soaring inflation, global central bank policies and the Ukraine war have dampened sentiment across global financial markets. What does S Naren, of ICICI Prudential AMC think of the developments?
 "ICICI Prudential AMC's S Naren on his investment mantra and more")
Markets reverse early gains in volatile trade; Sensex falls 236 points
In the Sensex pack, Tech Mahindra, Hindustan Unilever, HCL Technologies, Asian Paints, NTPC, Tata Steel, Infosys, Axis Bank, and Bajaj Finserv were among the biggest laggards
 "Markets reverse early gains in volatile trade; Sensex falls 236 points")
Delhivery jumps over 10% post tepid debut: Should you hold or sell shares?
Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.
 "Delhivery jumps over 10% post tepid debut: Should you hold or sell shares?")
Passive funds set for boost as Sebi eases market making, NFO and ETF rules
Industry players expect assets to double in five years
 "Passive funds set for boost as Sebi eases market making, NFO and ETF rules")
Adani Group companies' sky-high valuations unfazed by market correction
Group's stocks trading at a P/E of 105.3x
 "Adani Group companies' sky-high valuations unfazed by market correction")
Zomato stock zooms 18% intraday on improved disclosures, gains 14% at close
7-8 large brokerages have come out with recommendations of overweight to buy since the firm announced its results on Monday after market hours
 "Zomato stock zooms 18% intraday on improved disclosures, gains 14% at close")
Analysts bullish on auto stocks amid govt. measures on fuel, steel price
At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices
 "Analysts bullish on auto stocks amid govt. measures on fuel, steel price")
IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%
CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent
 "IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%")
Can CNG vehicle owners expect relief after petrol and diesel rate cut?
Spiraling inflation has forced the govt to slash duties on petrol and diesel. But the prices of CNG have soared about 60% in past one year. Why's CNG on fire? Can CNG vehicle owners expect relief?
 "Can CNG vehicle owners expect relief after petrol and diesel rate cut?")
Manappuram Finance hits lowest level since March 2020; slips 25% in 1 month
Despite the management's optimism on demand outlook, there are challenges considering the signs of rural slowdown as evident from recent corporate results in many sectors
 "Manappuram Finance hits lowest level since March 2020; slips 25% in 1 month")
Sharda Cropchem hits new high on strong business outlook; stock surges 10%
Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24.
 "Sharda Cropchem hits new high on strong business outlook; stock surges 10%")
HDFC Bank's prospects for MSCI, FTSE light up as overseas holdings dip
If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.
 "HDFC Bank's prospects for MSCI, FTSE light up as overseas holdings dip")
Overseas investors' concerns remain as shift to T+1 settlement cycle nears
Issues around on trade confirmation day, forex booking, pre-funding yet to be fully settled
 "Overseas investors' concerns remain as shift to T+1 settlement cycle nears")
Auto stocks buck downbeat market trend in May; charts suggest further gains
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
Rupa & Company tanks 20% after disappointing Q4 performance, CEO's exit
The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.
 "Rupa & Company tanks 20% after disappointing Q4 performance, CEO's exit")
Delhivery makes listless debut; opens 1% higher against issue price
The stock of logistics services provider got listed at Rs 493, 1.2 per cent higher against its issue price of Rs 487 per share on the BSE