Page 1613 - Markets News
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
 "Amara Raja Batteries slips 6% on disappointing Q4 operational performance")
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
 "Tata Steel, SAIL: Should you Buy or Sell them? Here's what charts suggest")
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.
 "Stock of this rubber producer company has zoomed 76% in two months")
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.
 "Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%")
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.
 "MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days")
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.
 "Stocks to Watch: Infy, L&T, PowerGrid, BHEL, NTPC, IDBI Bank, Steel makers")
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
 "New audit rulebook for SPACs in offing: Govt may legalise, allow listing")
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
 "Limited cases of front-running taken up for scrutiny in 2020-21 amid Covid")
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.
 "Markets will be in consolidation mode for some time: Manish Gunwani")
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
 "Elevated levels of risk aversion akin to 2008 global meltdown: BofA survey")
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
 "Launches, base biz expansion tonic for Dr Reddy's double-digit growth")
Street signs: Traders eye a Nifty breakout, Aether Industries stock & more
Technical analysts say last week's trading range will act as good support and resistance and the next big directional move will depend on which side the index breaks out
 "Street signs: Traders eye a Nifty breakout, Aether Industries stock & more")
Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer
In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
 "Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer")
Assets of 10 top offshore funds and ETFs drop 7% in March quarter
These funds account for almost 50 per cent of the India-focused offshore fund and ETFs category's assets, according to the quarterly Morningstar Offshore Fund Spy report
Sebi tightens cyber security norms for MIIs, mandates thorough audits
MDs and CEOs of MIIs to submit declaration of compliance with all circulars and advisories on cyber security issued by Sebi from time to time
 "Sebi tightens cyber security norms for MIIs, mandates thorough audits")
Markets post best daily gains in three months; Sensex, Nifty soar nearly 3%
China rate cut helps improve sentiment
 "Markets post best daily gains in three months; Sensex, Nifty soar nearly 3%")
Board evaluating Sebi penalty of Rs 1 crore, says Fortis Healthcare
Market regulator SEBI slapped a fine on Fortis Healthcare subsidiaries on account of fund diversion by erstwhile promoters
 "Board evaluating Sebi penalty of Rs 1 crore, says Fortis Healthcare")
We have seen a drop in retail participation in cash segment: 5paisa CEO
That said, the derivative market average turnover has improved in May
 "We have seen a drop in retail participation in cash segment: 5paisa CEO")
FPI holding in HDFC, HDFC Bank drops amid sharp selloff in domestic market
FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC
 "FPI holding in HDFC, HDFC Bank drops amid sharp selloff in domestic market")