Page 1621 - Markets News
Indian Commodity Exchange ceases to be recognised bourse: Sebi
The exchange, in its submission, said it would raise investment and restart the trading within one year. However, no action plan has been submitted
 "Indian Commodity Exchange ceases to be recognised bourse: Sebi")
Centre asks GAIL to import LNG to meet rising city gas demand
Centre has requested GAIL to start importing LNG to meet the rising demands in metropolitan areas
 "Centre asks GAIL to import LNG to meet rising city gas demand")
Life insurers log new business premium growth of 84% in April, led by LIC
Life insurance companies logged 84 per cent growth in their cumulative new business premium at Rs 17,940 crore in April 2022, primarily helped by LIC, Irdai data showed.
 "Life insurers log new business premium growth of 84% in April, led by LIC")
Gold firms as dollar rally pauses; focus on US inflation reading
The dollar was steady after touching a 20-year high on Monday, while benchmark 10-year U.S. Treasury yields were off 3-1/2-year peaks. [USD/] [US/]
 "Gold firms as dollar rally pauses; focus on US inflation reading")
Sebi amends InvITs rule; specifies draft filing fees for IPO, rights issue
Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offer and rights issue.
 "Sebi amends InvITs rule; specifies draft filing fees for IPO, rights issue")
Wall Street set to open higher, oil prices extend losses for second day
European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets
 "Wall Street set to open higher, oil prices extend losses for second day")
Rupee recovers 12 paise, ends at 77.32 to the dollar as crude prices fall
Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar, supported by a rebound in regional currencies and fall in crude oil prices
 "Rupee recovers 12 paise, ends at 77.32 to the dollar as crude prices fall")
Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
 "Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%")
Tata Steel slips 10% in 5 days post March quarter results
With the recent fall, the stock has corrected 24 per cent from its 52-week high level of Rs 1,534.60 that it had touched on August 16, 2021.
 "Tata Steel slips 10% in 5 days post March quarter results")
This stock has zoomed 174% in 21 days after reversal of trade suspension
Shares of Kohinoor Foods were locked in upper circuit for the 21 straight trading days, up 5 per cent at Rs 21.30 on the BSE.
 "This stock has zoomed 174% in 21 days after reversal of trade suspension")
Sun Pharma slips over 2% after USFDA issues observations for Halol facility
In the past five days, the stock has fallen over 5 per cent. In comparison, the S&P BSE Sensex declined 3.75 per cent during the same period
 "Sun Pharma slips over 2% after USFDA issues observations for Halol facility")
Dabur hits 52-week low; slips 10% in one week on disappointing Q4 results
The company's revenue growth was impacted by the slowdown in rural demand. While the rural overhang will continue in H1FY23, with good monsoon predictions, rural demand can improve in H2FY23.
 "Dabur hits 52-week low; slips 10% in one week on disappointing Q4 results")
Charts indicate up to 15% fall in select metal stocks from current levels
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
 "Charts indicate up to 15% fall in select metal stocks from current levels")
Adani Wilmar down for 8th straight day; slips 34% from 52-wk high level
Post the sharp share price rally since listing, brokerage firm JPMorgan find the stock's risk-reward unattractive. Analysts have downgraded their stance to 'underweight' with a target price of Rs 525.
 "Adani Wilmar down for 8th straight day; slips 34% from 52-wk high level")
Dixon Technologies hits 52-week low, stock down 19% in six trading days
The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company
 "Dixon Technologies hits 52-week low, stock down 19% in six trading days")
Rainbow Children's Medicare lists at 7% discount to issue price
The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.
 "Rainbow Children's Medicare lists at 7% discount to issue price")
Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions
Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.
 "Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions")
Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS
According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.
 "Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS")
Power stocks build momentum amid India's energy crisis
Stocks of power companies rise in tandem with the soaring mercury. But the sector is grappling with low coal inventories. Will the situation worsen amid high power demands? Should investors bet on it?
 "Power stocks build momentum amid India's energy crisis")
Campus Activewear stock soars 29% on debut, ends the day with 27% gains
The stock ended at Rs 371.7, with a gain of Rs 79.7 over the issue price of Rs 292 per share
 "Campus Activewear stock soars 29% on debut, ends the day with 27% gains")