Page 1637 - Markets News

Sensex, Nifty decline due to profit taking, close FY22 with over 18% gains

Ending its three-day winning run, the 30-share BSE Sensex declined by 115.48 points or 0.20 per cent to settle at 58,568.51 amid the expiry of monthly derivatives contracts

Dalal Street beats global peers for a second financial year in row

However, the gains were muted compared with the previous financial year, when the market soared 70 per cent, thanks to the sharp rebound from Covid-19 lows

Axis Bank-Citi deal: Brokerages list key positives & negatives for the bank

The affluent credit card segment was seen as a gap in Axis Bank's customer positioning and will fit in the lender's retail portfolio.

Gold set for best quarter in nearly 2 yrs on Ukraine war, inflation woes

Spot gold was up 0.4% at $1,941.11 per ounce by 10:45 a.m. ET. For the month, bullion was up nearly 1.8%

From IPOs to PF, here's a list of changes that come into effect on Friday

Initial public offerings (IPO) launched after April 1 shall provide a sub-quota within the high net-worth individual (HNI) quota for those investing between Rs 2 lakh and Rs 10 lakh.

KKR affiliate sells 10% stake in Max Healthcare for nearly Rs 3,300 cr

It sold shares at Rs 340 a apiece to a clutch of investors, which included SBI Mutual Fund, Pension Fund Global and Smaller Cap World Fund

Investors' wealth surges over Rs 59.75 trn in FY22 as Sensex rises 18%

Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points or 18.29 per cent

Gold prices head for best quarter in six on Russia-Ukraine war

Bullion has gained about 5.2% this quarter as a Russia's invasion of Ukraine in late February drove gold to a near record high earlier this month

ONGC OFS's retail portion subscribed 72%

Through the OFS, the government has divested 1.5 per cent stake in ONGC to raise Rs 3,000 crore.

ITC posts sharpest monthly rally since November 2020; surges 16% in March

In November 2020, ITC had rallied 17.2 per cent in a single month, while in June 2009, it had zoomed 31 per cent during the month

RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume

Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.

Sensex may hit 67,000, Nifty to hit 20,000-mark in FY23, foretell charts

The NSE Nifty Bank can rally to the 40,000-mark, after it successfully conquers its 200-DMA.

Tejas Networks up 5% as co to acquire 64% stake in Saankhya Labs

The company has signed definitive agreement to acquire 64.4 per cent stake of Saankhya Labs Private Ltd for Rs 283.94 crore in cash

Hindalco slips 8% in two days on profit booking; stock up 77% in one year

The management sees strong demand for aluminum from major segments like Beverage Can, Automotive Body Sheet, Specialties, and Aerospace.

Axis Bank can jump up to 7% post Citi deal; needs to hold 200-DMA

The current momentum, which is showing stability above 200-DMA could see a gradual rally towards Rs 800 to Rs 815 levels, its next hurdle zone.

Stock of this soft ferrites company has zoomed over 3500% in FY22

Cosmo Ferrites hit a new high of Rs 635, up 4% on the BSE on Thursday's. The stock has zoomed 3,529% in FY22 from a level of Rs 17.50 on March 31, 2021.

Saregama hits 5% upper circuit on board nod for distribution biz demerger

The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business).

Axis Bank spurts 2% on acquiring Citigroup's Indian banking businesses

The private lender has acquired Citigroups' Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans in an all cash deal worth Rs 12,325 crore.

Asian stock markets ease, oil sinks as US weighs reserves release

MSCI's broadest index of Asia-Pacific shares outside Japan fe.ll 0.2%, led by a 0.7% drop for Hong Kong's Hang Seng. Japan's Nikkei fell 0.2%. Australia's resource-heavy index was up 0.4%.