Page 3063 - Markets News
Sensex, Nifty fall more than 1%; post biggest weekly drop since August 2017
The markets are expected to remain choppy as investors adjust their asset allocations amid rising interest rates
 "Sensex, Nifty fall more than 1%; post biggest weekly drop since August 2017")
NSE's IISL launches 72 indices to track segments of fixed income markets
India Index Services & Products (IISL) has also launched three hybrid indices
 "NSE's IISL launches 72 indices to track segments of fixed income markets")
M&M: Utility vehicle launches key trigger for 10% revenue growth in Q3
Watch out for tractor volumes, demand for electric vehicles
 "M&M: Utility vehicle launches key trigger for 10% revenue growth in Q3")
Sugar stocks buck falling market trend, as govt moves to stem price fall
Gain on a price rise following government's release quota, doubling import duty and a buzz of scrapping export duty
 "Sugar stocks buck falling market trend, as govt moves to stem price fall")
Indian exchanges terminate licensing tie up with foreign players
Restrict date-feed; move to curb export of domestic liquidity from overseas markets, such as Singapore, Dubai
 "Indian exchanges terminate licensing tie up with foreign players")
BSE, NSE equity turnover surges to near Rs 70 trn in 10 months of FY18
The equity turnover stood at Rs 60.54 trillion in the entire 2016-17, Rs 49.77 trillion in 2015-16 and Rs 51.84 trillion in 2014-15, Minister of State for Finance Pon Radhakrishnan said
 "BSE, NSE equity turnover surges to near Rs 70 trn in 10 months of FY18")
Fortis stock up 17.6% amid merger talk after Singh bros resign from board
Meanwhile, shares of Fortis soared 17.6 per cent on Friday amid reports that the Manipal Hospital, backed by TPG, was in advanced talks to merge itself with the company
 "Fortis stock up 17.6% amid merger talk after Singh bros resign from board")
Indian bourses to stop licensing index, stock prices to foreign exchanges
That means foreign exchanges and trading platforms can no longer use the indexes and data for derivatives and they can no longer trade any existing derivatives
 "Indian bourses to stop licensing index, stock prices to foreign exchanges")
Govt mulls scrapping export duty on sugar in view of falling domestic price
FCI likely to save Rs 1,600 per year on grain procurement post-GST
 "Govt mulls scrapping export duty on sugar in view of falling domestic price")
Supreme Court upholds Sebi order against Rakhi Trading to nail culprits
Naive to say that the screen-based trades are anonymous and not synchronised, rules apex court setting aside SAT order
Sensex ends a tad above 34,000, down 407 pts, Nifty falls 1%; banks drag
All That happened in markets today.
 "Sensex ends a tad above 34,000, down 407 pts, Nifty falls 1%; banks drag")
23 stocks from BSE500 gain over 10% during current week in weak market
FDC, SpiceJet, SAIL, Bharat Forge, Ipca Laboratories, Jet Airways and Bajaj Electricals are among 23 stocks from the S&P BSE500 index gaining an over 10% during current week in otherwise weak market
 "23 stocks from BSE500 gain over 10% during current week in weak market")
Indiabulls Real Estate surges 8% on business restructuring plan
The stock moved higher by 8% to Rs 230 on BSE in otherwise weak market
 "Indiabulls Real Estate surges 8% on business restructuring plan")
Surya Roshni up 12% on order win of Rs 839 million; zooms 42% in one week
The hits a record high of Rs 522, up 12% on BSE in intra-day trade after the company said it has received an order worth of Rs 839 million for supply of LED street and tube lights.
 "Surya Roshni up 12% on order win of Rs 839 million; zooms 42% in one week")
Cement, two-wheelers and building materials. Stocks you should avoid now
Kotak research says the pressure on equity multiples is likely to continue if current macro-economic conditions sustain, even without further deterioration
 "Cement, two-wheelers and building materials. Stocks you should avoid now")
Sugar shares in focus; Dhampur, Mawana, Dwarikesh up over 4%
Avadh Sugar, Magadh Sugar and Uttam Sugar Mills were trading higher by more than 5% on BSE
 "Sugar shares in focus; Dhampur, Mawana, Dwarikesh up over 4%")
Fortis Healthcare turns volatile after promoters Singh brothers resignation
The stock opened 2% lower at Rs 123 on BSE, bouncing back 28% to hit high of Rs 157 in intra-day trade, trading at Rs 147 at 09:48 AM.
Glenmark Pharma declines 9% on weak Q3 results
The stock fell 9% to Rs 524, its 52-week low on BSE trade after the company reported 78% fall in its consolidated net profit at Rs 1.05 billion for the quarter ended December 2017.
 "Glenmark Pharma declines 9% on weak Q3 results")
Global sell-off: Why stock markets crash - lessons from recent history
If a crash is unrelated to the economic fundamentals, it will quickly be corrected
Everything's a sell in China after $828 billion equity rout
The slide of Chinese equities in the past few days definitely had an impact on the currency
 "Everything's a sell in China after $828 billion equity rout")