Page 1622 - Markets News
Investors' wealth tumbles over Rs 7.73 trn in two days amid market collapse
Weakness in global markets, unabated foreign fund outflows and the rupee plunging to its life-time low against the US dollar have weighed on sentiment.
 "Investors' wealth tumbles over Rs 7.73 trn in two days amid market collapse")
Debt MFs see Rs 1.2 trn outflow in Q4 as withdrawals continue: Report
Mutual funds focused on investing in fixed-income securities saw an outflow of Rs 1.2 crore in the March 2022 quarter on massive withdrawal from segments, said a report by Morningstar India
 "Debt MFs see Rs 1.2 trn outflow in Q4 as withdrawals continue: Report")
Rupee slumps 60 paise to close at all-time low of 77.50 against US Dollar
Rupee extended its losses and slumped 60 paise to close at a record low of 77.50 (provisional) against the US dollar, pressured by the strength of currency overseas and unabated foreign fund outflows
 "Rupee slumps 60 paise to close at all-time low of 77.50 against US Dollar")
Banks forgo bumper fees for managing LIC IPO to get league table rankings
What bankers stand to gain is outsized credit in rankings that compare rivals by the volume of deals they handle.
 "Banks forgo bumper fees for managing LIC IPO to get league table rankings")
Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2%
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
 "Sensex ends 365pts lower, Nifty holds 16,300; RIL cracks 4%, Infy gains 2%")
L&T Infotech, Mindtree slide up to 5% after merger announcement
Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.
 "L&T Infotech, Mindtree slide up to 5% after merger announcement")
What's the future of Future Group stocks? Here's what technical charts say
Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.
 "What's the future of Future Group stocks? Here's what technical charts say")
IndoStar Capital freezes at 10% lower circuit on accounting discrepancies
The company may have to make an additional expected credit loss provisions between Rs 557 crore - Rs 677 crore due to the "certain observations and control deficiencies" made by an external auditor.
 "IndoStar Capital freezes at 10% lower circuit on accounting discrepancies")
Tata Power dips 9% on heavy volumes post March quarter results
The company received approval for merger of Coastal Gujarat Power Limited (CGPL) into Tata Power and signed binding agreement for investment in India's most comprehensive renewable energy platform.
 "Tata Power dips 9% on heavy volumes post March quarter results")
RBI could have been more circumspect in timing: Alphaniti Fintech's UR Bhat
In conversation with Sundar Sethuraman, Bhat says policymakers should usher in changes gradually, so that markets get a fair idea of what to expect
 "RBI could have been more circumspect in timing: Alphaniti Fintech's UR Bhat")
Avenue Supermarts hits over 8-month low; slips 12% in two days
In the past six months, the stock has underperformed the market by falling 26 per cent as compared to a 10 per cent decline in the S&P BSE Sensex.
 "Avenue Supermarts hits over 8-month low; slips 12% in two days")
RIL has held this tech support level since 2015. Can it slip below it now?
At the current levels, the stock trades 10 per lower from its historic peak of Rs 2,858.15 hit on April 29, 2022
 "RIL has held this tech support level since 2015. Can it slip below it now?")
ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days
Analysts believe that increased traction in exports and services coupled with strong execution drove ABB's strong performance across segments.
 "ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days")
Decent debut for Campus Activewear; lists 22% higher against issue price
The stock opened at Rs 355, 22 per cent higher against issue price of Rs 292 on the BSE.
 "Decent debut for Campus Activewear; lists 22% higher against issue price")
Reliance Industries falls 3% post March quarter results; slips 9% in 6 days
RIL reported a consolidated net profit of Rs 16,203 crore for Q4FY22, up 22.5 per cent over the year-ago period's Rs 13,227 crore but slightly short of expectations.
 "Reliance Industries falls 3% post March quarter results; slips 9% in 6 days")
Is the selling in Indian equities overdone?
Anxiety ahead of Q4 numbers kept the market subdued last week. Analysts expect the upcoming trading sessions to be volatile for equities. Find out what will shape the markets' trajectory this week
 "Is the selling in Indian equities overdone?")
What should investors look out for in Q4 FY22 corporate earnings?
What do the Q4FY22 results so far have to say about the state of play in India Inc? Going ahead, what can investors expect in terms of corporate earnings growth of mid-cap and small-cap stocks?
 "What should investors look out for in Q4 FY22 corporate earnings?")
Street signs: Global tech leader in 30 yrs, Nifty50 near key support & more
Benchmark indices fell nearly 4 per cent last week, following interest rate hikes by the Reserve Bank of India and the US Federal Reserve
 "Street signs: Global tech leader in 30 yrs, Nifty50 near key support & more")
M-cap of ten most valued firms tumbles over Rs 2.85 trn; RIL biggest drag
On a weekly basis, the Sensex slumped 2,225.29 points or 3.89 per cent, while the Nifty lost 691.30 points or 4.04 per cent.
 "M-cap of ten most valued firms tumbles over Rs 2.85 trn; RIL biggest drag")
Promoter pledging rises 1.7% in Q4FY22 amid increase in market volatility
The value of pledged promoter holdings stood at Rs 2.1 trillion - 0.86 per cent of the total market capitalisation of the BSE 500 Index