Page 1619 - Markets News

M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag

The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.

Street signs: IPOs continue to roll on, no data for new HNI category & more

This week, three initial public offerings (IPOs) hit the market

Engineering R&D segment to outperform IT services players in FY23

Barring Cyient, valuations of most ER&D firms on the expensive side

World m-cap drops below $100 trn as Fed cuts rates, war continues

India's market ranking has once again slipped to seventh position as a variety of crises bother investors

US consumer sentiment near 11-year low; import prices unchanged in April

Consumer sentiment index falls 9.4% to 59.1 in May. Import prices unchanged in April; up 12.0% year-on-year

LIC issue price fixed at Rs 949 a share; policyholders get discount

The LIC IPO -- India's largest to date -- closed with nearly three times subscription.

India is among the least favoured markets in Asia: Sunil Tirumalai of UBS

As liquidity starts drying up, banks rates start rising and market returns struggle, we expect some level of softness in household market allocations, he said

Odds in favour of more near-term correction in Indian stocks: Chris Wood

Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI)

Wipro, Nestle, SAIL among 300-plus stocks to hit 52-week lows this month

New-age tech firms that listed on bourses have also been struggling. Zomato hit a 52-week low of Rs 50 on Tuesday, while Paytm parent One 97 Communications fell to Rs 518 apiece on Wednesday

Markets come under fag-end selling pressure; Sensex falls 137 points

The 30-share BSE benchmark pared all intra-day gains and declined 136.69 points or 0.26 per cent to end at 52,793.62

Equities, cryptos, metals: Most asset classes gave negative return in 2022

These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions

Tata Motors: Investors cheer long-term growth outlook despite muted Q4

Driven by an all-round strong performance, we expect Tata Motors to become earnings' positive in FY23 with a net profit of Rs 7,068 crore, said analysts at Sharekhan

Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%

CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates

Poonawalla Fincorp surges 20% post March quarter results

In Q4, AUM grew 16.5 per cent year-on-year and 8.9 per cent quarter-on-quarter at Rs 16,579 crore.

Greaves Cotton zooms 11% as company's E-Mobility biz turns profitable in Q4

However, despite of today's rally the stock has underperformed the market by declining 28 per cent in the past one month as against a 8 per cent fall in the Sensex.

SBI Q4 result: Profit rises 41% to Rs 9,113 cr; Rs 7.10-dividend announced

SBI Q4 result: The numbers missed Street estimates, which was expecting the net profit to rise in the range of 63-72 per cent YoY to come in between Rs 10,493 crore and Rs 11,056.7 crore

Coforge, Mindtree: Tech charts show short-term rebound in mid-cap IT stocks

Select mid-cap IT stocks may surge up to 10 per cent on short-term rebound

LIC IPO issue price set at Rs 949; may get listed on Tuesday: Report

The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9

Tata Motors gains 10% amid narrowed Q4 net loss, strong demand outlook

The company guided for robust demand prospects (JLR order-book at 1.68 lakh units, up 13,000 units QoQ) coupled with healthy profitability going forward

HDFC AMC hits new 52-week low on MSCI exclusion; stock down 18% in a month

From India, MSCI has added 4 stocks - Adani Power, AU Small Finance Bank, Jindal Steel & Power and Tata Elxsi, whereas, deleted HDFC AMC.