Page 2184 - Markets News
Nearly half of BSE 500 stocks underperform market since March low
The S&P BSE 500 index, which accounts for 94 per cent market capitalisation of BSE listed companies, has gained 45 per cent from its March 24 low.
 "Nearly half of BSE 500 stocks underperform market since March low")
Earnings decline slows Nifty run after rallying nearly 50% from March lows
Index has rallied close to 50% from its March lows even as underlying EPS has fallen about 20%
 "Earnings decline slows Nifty run after rallying nearly 50% from March lows")
Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA
The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year
 "Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA")
BSE sees listing of commercial papers, debentures of Rs 41,200 cr in a day
So far in the ongoing fiscal, BSE has enabled listing of commercial paper to the tune of Rs 4.26 lakh crore and bonds of Rs 2.82 trillion.
 "BSE sees listing of commercial papers, debentures of Rs 41,200 cr in a day")
Investors lose Rs 11.31 trillion as market falls for sixth straight day
The market capitalisation of BSE-listed companies stood at Rs 1,48,76,217.22 crore, down by Rs 11,31,815.5 crore in six sessions.
 "Investors lose Rs 11.31 trillion as market falls for sixth straight day")
RBI announces special OMOs to buy, sell G-Secs worth Rs 10,000 cr each
On October 1, the RBI would purchase three securities totalling Rs 10,000 crore and selling two securities of the same amount
 "RBI announces special OMOs to buy, sell G-Secs worth Rs 10,000 cr each")
RBI rejects bids worth Rs 664.73 bn at first open market bond buy in FY21
Central bank had planned to buy up to Rs 100 billion ($1.35 billion) worth of six-year to 11-year papers at an open market operation.
Sebi releases guidelines for investment advisors on client segregation
Sebi has also fixed a cap on fee that investment advisers (IA) can charge from clients. It has also put in place a procedural framework pertaining to audit and record-keeping
 "Sebi releases guidelines for investment advisors on client segregation")
Market Wrap, Sept 24: Here's all that happened in the markets today
US economic recovery is slowing as the coronavirus outbreak lingers, while a renewed wave of Covid-19 cases in Europe have led to reimposed travel restrictions in several countries
 "Market Wrap, Sept 24: Here's all that happened in the markets today")
F&O expiry: Sensex tanks 1,115 pts on global sell-off; Nifty ends at 10,806
All that happened in the markets today
 "F&O expiry: Sensex tanks 1,115 pts on global sell-off; Nifty ends at 10,806")
Global sell-off, lockdown fear: 5 reasons why Sensex tanked 1,115 pts today
The S&P BSE Sensex plunged 1,172 points in the intra-day deals on the BSE, while Nifty50 index tanked 342 points on the NSE
 "Global sell-off, lockdown fear: 5 reasons why Sensex tanked 1,115 pts today")
Angel Broking IPO subscribed 2x so far on Day 3; retail portion at 3.4x
The offer received bumper response from retail investors who have subscribed the issue 3.4 times so far on Day 3 of the issue. However, the IPO failed to get any subscription from QIBs
 "Angel Broking IPO subscribed 2x so far on Day 3; retail portion at 3.4x")
HSIL hits fresh 52-wk high, gains 17% in 3 days on board's nod for buyback
The board on Monday approved buyback of shares at Rs 105 per share for an aggregate amount of Rs 70 crore via open market.
 "HSIL hits fresh 52-wk high, gains 17% in 3 days on board's nod for buyback")
UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554
Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.
 "UTI AMC IPO to open on September 29, price band fixed at Rs 552 - Rs 554")
Jio postpaid plans: BofA, CLSA think its not a threat to Airtel; here's why
CLSA believes that new Jio postpaid plans are bundling three leading OTTs, but with no content exclusivity, can be matched by incumbents like Bharti Airtel
 "Jio postpaid plans: BofA, CLSA think its not a threat to Airtel; here's why")
Advanced Enzyme Tech freezes at 20% upper circuit; stock hits 52-week high
The company may benefit from an increase in healthcare spending in the US and India.
 "Advanced Enzyme Tech freezes at 20% upper circuit; stock hits 52-week high")
Emami, IPCA Labs: 5 defensive stocks you can buy in the current market
Despite the market correction, there are some stocks from the FMCG and pharma sectors - considered classic defensive plays - that can be bought from a medium-term perspective
 "Emami, IPCA Labs: 5 defensive stocks you can buy in the current market")
Apollo Hospitals surges 21% in 2 weeks post Q1 results; stock hits new high
Analysts see Apollo going back to its hospital margin expansion trajectory in FY22 to help drive cash generation and debt reduction
 "Apollo Hospitals surges 21% in 2 weeks post Q1 results; stock hits new high")
Syngene Int'l hits record high in a weak market, rallies 26% in two weeks
The stock rallied 6.5 per cent to Rs 596.85, surpassing its previous high Rs 594.75, touched on September 15, 2020, on the BSE.
 "Syngene Int'l hits record high in a weak market, rallies 26% in two weeks")
Decoded: Why Sebi's new margin pledge norms have rattled brokerages
Business Standard tries to explain why Sebi introduced this new system and why it is worrying the broking community