Page 1649 - Markets News
Delhi court grants CBI 7-day custodial interrogation of Chitra Ramkrishna
The CBI arrested the former NSE MD on Sunday after her anticipatory bail application was dismissed by the court on Saturday in the co-location case
 "Delhi court grants CBI 7-day custodial interrogation of Chitra Ramkrishna")
JK Cement's foray into paints sentimentally negative in near-term: Analysts
That said, if JK Cement is able to achieve its guidance, it could potentially add nearly 5 per cent to its market-cap over the medium term, expects Emkay Global
 "JK Cement's foray into paints sentimentally negative in near-term: Analysts")
Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts
On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent
 "Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts")
Balkrishna Industries recovers 8% from day's low, up 3% in a weak market
The company announced commencement of commercial production from its brownfield expansion & debottlenecking project at the Bhuj plant.
 "Balkrishna Industries recovers 8% from day's low, up 3% in a weak market")
BSE FMCG index nears 52-week low; Dabur, Godrej Consumer slips up to 9%
HUL hit a fresh 52-week low of Rs 1,942, down 4% in intra-day trade today. The stock has tanked 15% in the past two weeks.
 "BSE FMCG index nears 52-week low; Dabur, Godrej Consumer slips up to 9%")
Sensex may slide to 50,000; Nifty may dip below 15,000, tech charts suggest
Similarly, the Bank Nifty may shed another 7 per cent to 30,500-31,000 levels.
 "Sensex may slide to 50,000; Nifty may dip below 15,000, tech charts suggest")
Broadcast resumes normally after prices stopped updating in 2 indices: NSE
The National Stock Exchange (NSE) on Monday said broadcast has resumed normally in Nifty and Bank Nifty indices after the prices had stopped updating in the two indices.
 "Broadcast resumes normally after prices stopped updating in 2 indices: NSE")
Brent tops $130. Fuel hike on cards? Trading strategies for RIL, ONGC, OMCs
ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.
 "Brent tops $130. Fuel hike on cards? Trading strategies for RIL, ONGC, OMCs")
JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture
In the past one month, the stock price of JK Cement has tanked 28 per cent on concerns of earnings downgrade due to rising energy cost.
 "JK Cement slips 9% on board nod for Rs 600 cr investments in paint venture")
Investors' wealth tumbles over Rs 5.91 trillion in morning trade
Investors' wealth tumbled over 5.91 lakh crore in morning trade on Monday tracking heavy decline in equities amid intensifying conflict between Russia and Ukraine.
 "Investors' wealth tumbles over Rs 5.91 trillion in morning trade")
As markets sink, NSE says key index prices not updating intermittently
Prices of two key indices of NSE were not updating intermittently on Monday, the country's largest bourse said, amid plummeting markets as investors spooked by a sharp rise in oil prices
 "As markets sink, NSE says key index prices not updating intermittently")
India's top stock exchange NSE says stock prices updating normally
Share prices on the National Stock Exchange (NSE) were updating normally on Monday, the country's largest bourse told a TV news channel after a leading broker said prices had stopped updating
 "India's top stock exchange NSE says stock prices updating normally")
Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows
Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.
 "Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows")
Indigo Paints tanks 11%, hits new low; trades near IPO price of Rs 1,490
In the past one month, the stock underperformed the market by falling 24 per cent, after Indigo Paints reported a disappointing set of numbers for Q3FY22 mainly in margin front.
 "Indigo Paints tanks 11%, hits new low; trades near IPO price of Rs 1,490")
ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high
Sustained higher crude oil prices and gas realisations can result in better profitability for ONGC.
 "ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high")
Stocks to Watch: Vodafone Idea, Emami, JK Cement, CIL, Airlines, OMCs
FMCG major Emami has acquired a 19 per cent equity stake in direct-to-consumer (D2C) nutrition firm Tru Native F&B Pvt Ltd.
 "Stocks to Watch: Vodafone Idea, Emami, JK Cement, CIL, Airlines, OMCs")
Brace for more volatility amid geopolitical crisis, election outcome
Benchmark indices saw a sharp selloff last week with Nifty50 sinking in red at 16,245, down by 252 points. And Sensex tanked 768 points to settle at 54,333. This week will be action-packed as well
 "Brace for more volatility amid geopolitical crisis, election outcome")
Competitive overhang clouds Cummins India's medium-growth outlook
At the current price, the stock is trading at 30x its FY23 earnings estimates
 "Competitive overhang clouds Cummins India's medium-growth outlook")
Russia-Ukraine war: Vladimir Putin batters European stock markets
India, which is down 9 per cent year-to-date in dollar terms, is still better off as there are 30 countries that have fared worst.
 "Russia-Ukraine war: Vladimir Putin batters European stock markets")
Street signs: Arbitrage opportunity in Escorts, bonanza for Havells & more
The index closed at 16,245 on Friday, down 11 per cent over its 2022 peak of 18,308