Page 1940 - Markets News
Opinion divided on SPAC-tacular route for foreign listing of start-ups
The country's first big-ticket SPAC listing of ReNew Power is already underway, with investors being brought in, and is expected to be listed sometime in the early third quarter of this year
 "Opinion divided on SPAC-tacular route for foreign listing of start-ups")
Gold returns to where it started 2021 on Fed's dovish commitment
Signs of inflation would "prove to be largely transitory," Fed Vice Chair Richard Clarida said in a Yahoo! Finance interview
 "Gold returns to where it started 2021 on Fed's dovish commitment")
BSE SME likely to see more than 60 listing in one year, shows data
These companies will get listed on the exchange's SME platform, Ajay Thakur, head of BSE SME and Startup told PTI
 "BSE SME likely to see more than 60 listing in one year, shows data")
Bearish sign emerges for Indian stocks approaching record, shows data
"We don't expect the negative crossover to result in a sharp market decline like we saw in March last year," said Ruchit Jain, a technical analyst at Angel Broking Ltd
 "Bearish sign emerges for Indian stocks approaching record, shows data")
Rising markets boost infra scheme returns to 85% on average past one year
Industry players see this theme doing well going forward due to green shoots in some segments on the economy and govt's infra thrust
 "Rising markets boost infra scheme returns to 85% on average past one year")
Nifty50 index ends above 15,300 for the first time since February 16
Index just 14 points shy of lifetime high
 "Nifty50 index ends above 15,300 for the first time since February 16")
Oil steadies on stronger demand outlook as US inventories decline
Brent rose 16 cents, or 0.2%, to $68.81 a barrel by 11:20 a.m. EDT (1520 GMT), and US West Texas Intermediate (WTI) crude was up 11 cents, or 0.2%, at $66.18 a barrel
 "Oil steadies on stronger demand outlook as US inventories decline")
Near term headwinds for REITs on FY22 lease expiry, weak demand
Strong base of technology sector tenants and valuations may provide support
Market Wrap Podcast, May 26: Here's all that happened in the markets today
The frontline S&P BSE Sensex soared 436 points in the intra-day deals and hit a high of 51,073 levels propelled by Infosys, HDFC, TCS, Bajaj Finance, Bajaj Finserv, L&T, and Reliance
 "Market Wrap Podcast, May 26: Here's all that happened in the markets today")
Sensex soars 380 pts, ends at 51,017; Nifty at 15,301; metal stocks slide
Volatility index, India VIX, however, surged 11 per cent to 21 levels ahead of the expiry of monthly F&O contracts due tomorrow
 "Sensex soars 380 pts, ends at 51,017; Nifty at 15,301; metal stocks slide")
Transport Corporation shares hit 20% upper circuit post Q4 results
As per management, in spite of challenges posed by the pandemic in FY21, the company was able to sustain its revenues and margins due to its diversified portfolio of value-added services
 "Transport Corporation shares hit 20% upper circuit post Q4 results")
Indoco Remedies zooms 20% on strong revenue from international business
The company's export formulations grew 65.6 per cent YoY to Rs 132 crore, driven by strong growth in regulated and emerging markets
 "Indoco Remedies zooms 20% on strong revenue from international business")
These 20 small-cap stocks appear overbought on the charts. Trade cautiously
Out of these 20 counters, only 4 stocks are showing weakness in the overbought condition and can correct in the days ahead.
 "These 20 small-cap stocks appear overbought on the charts. Trade cautiously")
BSE Consumer Discretionary index hits new high; Shalimar Paints surges 17%
Mahindra Holidays & Resorts, Lux Industries, Dish TV India and Borosil rallied more than 10 per cent on the BSE in intra-day trade
 "BSE Consumer Discretionary index hits new high; Shalimar Paints surges 17%")
Thermax rallies 8% on strong Q4 results; stock nears 52-week high
Order book during the quarter jumped 57 per cent year on year at Rs 1,497 crore as against Rs 952 crore, aided by broad based industrial recovery
 "Thermax rallies 8% on strong Q4 results; stock nears 52-week high")
Titan Company gains 6% in two days; stock nears record high
With the past two day's rally, it has recovered 15 per cent from its recent low of Rs 1,401, hit on May 4, in intra-day trade
 "Titan Company gains 6% in two days; stock nears record high")
Lux Industries soars 11%, hits new high on robust March quarter results
The management expects the April-June quarter (Q1FY22) to be relatively weak due to the pandemic and expect to improve gradually from the second quarter
 "Lux Industries soars 11%, hits new high on robust March quarter results")
Stocks to watch: HDFC, BPCL, Thermax, PNB Housing, Motherson Sumi
HDFC has said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis
 "Stocks to watch: HDFC, BPCL, Thermax, PNB Housing, Motherson Sumi")
Oil steady with investors focusing on possible return of Iranian supply
Oil prices were steady on Wednesday as concerns a possible resumption in Iranian supply would cause a glut were offset by hopes for stronger US fuel demand after a drop in weekly inventory estimates
 "Oil steady with investors focusing on possible return of Iranian supply")
Market Ahead Podcast, May 26: Top factors that could guide markets today
A total of 52 companies, including Berger Paints India, Bharat Petroleum Corporation, Burger King India, Cummins India, and Vardhman Holdings are scheduled to announce their quarterly results today