Page 1614 - Markets News
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")
Prudent Corporate is third straight IPO to list at discount, shares dip 10%
Weak listings come on the back of a selloff in the secondary market. Nifty has crashed as much as 8% this month before the latest rebound
 "Prudent Corporate is third straight IPO to list at discount, shares dip 10%")
Axis MF sacks second fund manager in two days, assigns no reason
Deepak Agrawal was under probe for alleged irregularities. His exit follows that of chief trader and fund manager Viresh Joshi
 "Axis MF sacks second fund manager in two days, assigns no reason")
Axis MF sacks second fund manager in two days, assigns no reason
Deepak Agrawal was under probe for alleged irregularities. His exit follows that of chief trader and fund manager Viresh Joshi
Top headlines: FDI at a high for FY22, SC transfers Gyanvapi case
Prudent Corporate is the third straight IPO to list at a discount after LIC and Rainbow Children's Medicare. The weak listings are on the back of a selloff in the secondary market
 "Top headlines: FDI at a high for FY22, SC transfers Gyanvapi case")
FDI inflow at all-time high of $83.57 bn in 2021-22, led by manufacturing
India has recorded the "highest ever" annual FDI (foreign direct investment) inflow of USD 83.57 billion in 2021-22, the commerce and industry ministry said on Friday.
 "FDI inflow at all-time high of $83.57 bn in 2021-22, led by manufacturing")
No changes in Sensex composition, Dr Reddy's remains in benchmark index
The market was expecting Tata Motors to replace DRL in the 30-share index
 "No changes in Sensex composition, Dr Reddy's remains in benchmark index")
Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%
CLOSING BELL: Dr Reddy's Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each
 "Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%")
Dr Reddy's sees sharpest intra-day rally since Sept 2020; stock surges 8%
The stock gained 9 per cent in two days after the pharma company reported better-than-expected revenue growth in March quarter (Q4FY22).
 "Dr Reddy's sees sharpest intra-day rally since Sept 2020; stock surges 8%")
HAL hits new high on strong Q4 results; stock soars 18% in a week
In the past one week, the stock has gained 18 per cent after the company reported 90 per cent year on year (YoY) jump in consolidated net profit at Rs 3,105 crore for March quarter (Q4FY22).
 "HAL hits new high on strong Q4 results; stock soars 18% in a week")
Welspun Corp hits 52-week high on Rs 5,000 crore order win
With this, Welspun Crop order book as on date (excluding Saudi) stands at 704,000 MT valued at approximately Rs 10,500 crore.
 "Welspun Corp hits 52-week high on Rs 5,000 crore order win")
Returns from these stocks beat Sensex in current bloodbath. Do you own any?
Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.
 "Returns from these stocks beat Sensex in current bloodbath. Do you own any?")
Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan
P N Vasudevan resigned as the managing director and chief executive officer of the Equitas Small Finance Bank for a career in health and education.
 "Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan")
CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings
In Q4FY22, CPCL reported four-fold jump in its consolidated net profit at Rs 1,002 crore as against Rs 242 crore in Q4FY21.
 "CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings")
Prudent Corporate falls 6% below its issue price despite decent listing
The stock hit an intra-day low of Rs 594.25, down 6 per cent from its issue price.
 "Prudent Corporate falls 6% below its issue price despite decent listing")
Mehul Kothari of Anand Rathi recommends buying ITC, IOC
According to the technical analyst, ITC has given a confirm breakout above Rs 272, hence the stock can potentially rise to Rs 290.
 "Mehul Kothari of Anand Rathi recommends buying ITC, IOC")
Stocks to Watch: HPCL, Ashok Leyland, Eros, Godrej Consumer, Gland Pharma
NTPC, Amara Raja Batteries, IDFC Ltd, Indigo Paints, Lakshmi Mills Co Ltd, Mindteck India Ltd, Nuvoco Vistas Corp Ltd, Rane Madras Ltd, SML Isuzu Ltd will be in focus ahead of their Q4 results today.
 "Stocks to Watch: HPCL, Ashok Leyland, Eros, Godrej Consumer, Gland Pharma")
Sebi brings new format for security cover certificate, revises timeline
Sebi has revised timelines of submission of security cover certificate, valuation report and quarterly compliance report, and regulatory compliance by debenture trustees
 "Sebi brings new format for security cover certificate, revises timeline")
Are markets poised for deeper cuts down the road?
A sharp selloff hit domestic equity markets yesterday as concerns over high inflation and foreign outflows, butchered bulls. Here's an analysis on what dented investors' sentiment and what lies ahead
 "Are markets poised for deeper cuts down the road?")
At 2022 lows: Auto stocks pick up speed, tech on collision course
Meanwhile, IT stocks dominated the worst-performing list, with Tech Mahindra and Wipro dropping nearly 20 per cent apiece
 "At 2022 lows: Auto stocks pick up speed, tech on collision course")