Page 1627 - Markets News
Tata Chemicals surges 7% in weak market on strong Q4 performance
The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.
 "Tata Chemicals surges 7% in weak market on strong Q4 performance")
Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
 "Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health")
Should investors stick to the adage: 'Sell in May and Go Away'?
Geopolitical tensions, rising inflation, the skewing margin of India Inc and slow growth are casting a shadow over Dalal Street. Will May see investors following the adage 'Sell in May and go away'?
 "Should investors stick to the adage: 'Sell in May and Go Away'?")
Street signs: TaMo may be added to Sensex, LIC GMP edges higher, and more
The grey market premium (GMP) for shares of Life Insurance Corporation of India (LIC) has firmed up in the past few days
 "Street signs: TaMo may be added to Sensex, LIC GMP edges higher, and more")
Aviation fuel prices rise by 3.22% to record the steepest hike of all time
Jet fuel prices on Sunday were hiked by 3.22 per cent -- the ninth straight increase this year -- to an all-time high, reflecting a surge in global energy prices.
 "Aviation fuel prices rise by 3.22% to record the steepest hike of all time")
FPI holding at multi-year low will act as strong buffer: BNP Paribas' Vora
Some downgrades are expected but the extent of the revisions will depend on how the situation evolves around input costs and companies' ability to raise prices"
 "FPI holding at multi-year low will act as strong buffer: BNP Paribas' Vora")
Listed AMCs see a muted January-March quarter due to pressure on yields
UTI AMC saw its profit after tax drop 60 per cent year-on-year (YoY), while Aditya Birla Sun Life AMC saw its profits increase just 1 per cent
 "Listed AMCs see a muted January-March quarter due to pressure on yields")
India-dedicated funds see outflows in March, shows EPFR data
Global emerging market (GEM) funds saw inflows worth $653 million, taking the CY22 inflows to about $2.6 billion
 "India-dedicated funds see outflows in March, shows EPFR data")
Robust volumes, operating profit margins to drive gains for Maruti Suzuki
Brokerages expect a recovery in H2, aided by easing commodity/supply concerns
 "Robust volumes, operating profit margins to drive gains for Maruti Suzuki")
Sebi to join Account Aggregator ecosystem, says Chairperson Madhabi Buch
AA ecosystem is a UPI moment for the lending ecosystem as it will allow sharing of data seamlessly and fast and without the need for physical documents.
 "Sebi to join Account Aggregator ecosystem, says Chairperson Madhabi Buch")
Monthly selling streak by FPIs worst since global financial crisis in 2008
Pull out capital for 7th straight month in April
 "Monthly selling streak by FPIs worst since global financial crisis in 2008")
Sebi slaps Rs 6 lakh fine on Pace Stock Broking in NSE co-location case
Capital markets regulator Sebi on Friday imposed a Rs 6 lakh penalty on Pace Stock Broking Services for flouting norms related to National Stock Exchange's co-location facility.
 "Sebi slaps Rs 6 lakh fine on Pace Stock Broking in NSE co-location case")
Volatility drags Sensex and Nifty down for third month in 2022
Rising inflation has forced central banks, including the US Fed, to hike rates to tame inflation.
 "Volatility drags Sensex and Nifty down for third month in 2022")
Can weak operational performance in Q4 delay Axis Bank's re-rating?
Axis Bank Q4 result review: Analysts do not expect valuation to catch up with peers in light of the NII undershoot, impending dilution to fund the Citi deal, and higher operating expenditure guidance.
 "Can weak operational performance in Q4 delay Axis Bank's re-rating?")
Inox Green Energy Services scraps IPO plans; withdraws draft papers
Inox Wind on Friday said its arm Inox Green Energy Services Ltd (IGESL) has decided to withdraw its proposed Rs 740 crore initial share sale offer.
 "Inox Green Energy Services scraps IPO plans; withdraws draft papers")
Rupee surges by 18 paise to close at 76.43 against US dollar
At the interbank forex market, the domestic unit opened at 76.62 against the US dollar
 "Rupee surges by 18 paise to close at 76.43 against US dollar")
Over 25 anchor investors evinced interest for LIC issue offer: Official
The proposed maiden public offer by state-owned Life Insurance Corporation of India (LICI) has received interests from more than 25 anchor investors both foreign and domestic, an official said
 "Over 25 anchor investors evinced interest for LIC issue offer: Official")
FinMin, Sebi to decide on relaxating LIC minimum public holding: DIPAM Secy
The Finance Ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, DIPAM Secretary Tuhin Kanta Pandey said
 "FinMin, Sebi to decide on relaxating LIC minimum public holding: DIPAM Secy")
Sensex gyrates 1,073 pts, ends 460 pts down; Axis Bk dips 6.5%, Maruti 2.5%
CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent
 "Sensex gyrates 1,073 pts, ends 460 pts down; Axis Bk dips 6.5%, Maruti 2.5%")
Wipro slips 2%, hits 11-month low ahead of Q4 results
The commentary on recent M&A, deal wins, vertical commentary, commentary of client's IT budget and revenue guidance are key to watch
 "Wipro slips 2%, hits 11-month low ahead of Q4 results")