Page 1901 - Markets News
SBI Cards declines 6% after nearly 7% equity changes hands via block deal
According to reports, US-based private equity (PE) firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services
 "SBI Cards declines 6% after nearly 7% equity changes hands via block deal")
Equity indices swing down, metals stocks drag on mixed global cues
Equity benchmark indices swung lower during early hours on Friday tracking mixed global cues.
 "Equity indices swing down, metals stocks drag on mixed global cues")
Globus Spirits zooms 50% in a week on strong Q4 nos; stock hits new high
Between June 14 and June 17, Franklin Strategic Emerging Markets Fund IV sold 1.96 million shares, representing 6.8 per cent stake of Globus Spirits, through a bulk deals on the NSE
 "Globus Spirits zooms 50% in a week on strong Q4 nos; stock hits new high")
All you wanted to know about Chris Wood's investing strategies
Investors should stick with the pro-cyclical commodity trade, particularly energy, Wood said
 "All you wanted to know about Chris Wood's investing strategies")
Two stock picks by Osho Krishan: Buy NOCIL, Chambal Fertilisers
NOCIL has been trading in a symmetrical triangle pattern on the daily time frame
Market Ahead Podcast, June 18: Top factors that could guide markets today
Asian stocks drifted in early Friday trade. Japan's Topix index slipped 0.2 per cent, Australia's S&P/ASX 200 Index gained 0.4 per cent and Hang Seng Index rose 0.3 per cent
 "Market Ahead Podcast, June 18: Top factors that could guide markets today")
Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India
Coal India Limited is debating on hiking coal price for the regulated sector and may take a call soon, a senior official said
 "Stocks to watch: SBI Card, BEML, Power Grid, Max Financial, Coal India")
Sensex extends losses as Federal Reserve's taper talk trips world markets
A sharp drop in the rupee - which fell 76 paise against the dollar - also sapped risk appetite, traders said.
 "Sensex extends losses as Federal Reserve's taper talk trips world markets")
Recovery hopes and further pricing action to support Pidilite stock
Further rise in raw material prices could impact near term margins
 "Recovery hopes and further pricing action to support Pidilite stock")
US Fed prepping the markets for taper; a correction will be good: Analysts
Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development
 "US Fed prepping the markets for taper; a correction will be good: Analysts")
Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF
The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too
 "Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF")
Amid surge in retail participation, STT collection set to double in Q1FY22
Strong first quarter could help STT mop-up surpass Budget Estimates for FY22, say govt officials
 "Amid surge in retail participation, STT collection set to double in Q1FY22")
Market Wrap Podcast, June 17: Here's all that happened in the markets today
The frontline S&P BSE Sensex declined 484 points from the day's high and hit a low of 52,040
Hawkish US Fed tone hits D-Street; Sensex slips 179 pts; IT stocks shine
A mild recovery post a gap-down start quickly dismantled during the last hour of the session as market participants offloaded metal and rate-sensitive counters
 "Hawkish US Fed tone hits D-Street; Sensex slips 179 pts; IT stocks shine")
Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%
In the past two days, Franklin Strategic Emerging Markets Fund IV sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal on the National Stock Exchange
 "Liquor stocks rally; Globus Spirits zooms 20%, Radico Khaitan surges 10%")
PNB Housing hits 5% upper circuit after 25% fall from 52-week high
In May, PNB Housing Finance had announced that it will raise Rs 4,000 crore from a clutch of investors, led by existing stakeholder Carlyle group, by way of issuing preference shares and warrants
 "PNB Housing hits 5% upper circuit after 25% fall from 52-week high")
Cement shares in focus; Ambjua, JK Lakshmi Cement hit record highs
With ease in restrictions from July onwards, demand is expected to pick up
 "Cement shares in focus; Ambjua, JK Lakshmi Cement hit record highs")
Raymond, Bombay Dyeing: 5 mid-, smallcap stocks that can rally up to 25%
The overall sentiment towards broader market stocks has been favourable with the small-cap index closing in the green for four consecutive months
 "Raymond, Bombay Dyeing: 5 mid-, smallcap stocks that can rally up to 25%")
Greaves Cotton advances 10% on heavy volumes; stock nears record high
The government increased the subsidy on electric two-wheelers by 50 per cent, under the second phase of the FAME India scheme, making them more affordable
 "Greaves Cotton advances 10% on heavy volumes; stock nears record high")
CESC surges 6%, hits 52-week high post Q4 results, stock split approval
The company intends to improve the liquidity of its shares in the stock market by reducing the nominal value of the shares through the process of subdivision
 "CESC surges 6%, hits 52-week high post Q4 results, stock split approval")