Page 490 - Markets News
Unified Data-Tech IPO day 2 update; subscription at 2x, GMP rises to 37%
Unified Data-Tech IPO subscription status Day 2: The demand was led by retail investors, who bid for over 3.83 times the reserved quota
 "Unified Data-Tech IPO day 2 update; subscription at 2x, GMP rises to 37%")
Concor shares drop 4% as Q4 profit, revenue slip; earnings breakdown here
Shares of Container Corporation of India (Concor) fell over 4 per cent on Friday after it reported a marginal decline in its net profit
 "Concor shares drop 4% as Q4 profit, revenue slip; earnings breakdown here")
Sensex rejig: Bharat Electronics shares at record high; UBS upgrades to Buy
BEL share price has rallied 55 per cent from its previous month low of ₹252.25, touched on April 7, 2025
 "Sensex rejig: Bharat Electronics shares at record high; UBS upgrades to Buy")
Honasa Consumer shares fly 14% on Q4 results; check details here
Honasa Consumer share price rose on the back of healthy March quarter of financial year (Q4FY25) results.
 "Honasa Consumer shares fly 14% on Q4 results; check details here")
Sensex rejig: Buy BEL, Trent; Sell Nestle, IndusInd Bank? Charts say this
Technical outlook on stocks - BEL, Trent, Nestle, IndusInd Bank, which will be included and excluded from the BSE Sensex on June 23, 2025.
 "Sensex rejig: Buy BEL, Trent; Sell Nestle, IndusInd Bank? Charts say this")
ITC shares gain 2% after Q4 results; check earnings, brokerage review here
ITC's stock rose as much as 1.98 per cent after it reported a multifold increase in its profit for the fourth quarter
 "ITC shares gain 2% after Q4 results; check earnings, brokerage review here")
Sun Pharma share price slips 5% after Q4 results; check key numbers here
Sun Pharma share price dropped after the company posted a mixed bag of results in the March quarter of financial year 2025 (Q4FY25).
 "Sun Pharma share price slips 5% after Q4 results; check key numbers here")
Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend
Indian Rupee today: The domestic currency began the session 3 paise higher at 85.97 on Friday, after closing at over a month's low on Thursday
 "Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend")
Dar Credit & Capital IPO closes today; subscription rises 17x, GMP at 26%
Dar Credit and Capital IPO subscription status Day 3: The issue had been subscribed over 17 times, as per NSE data
 "Dar Credit & Capital IPO closes today; subscription rises 17x, GMP at 26%")
Stocks to Watch Today, May 23: ITC, Sun Pharma, IndusInd, Trent, TVS, Ola
Stocks to Watch Today, Friday, May 23: Grasim Industries, Honasa Consumer, Metro Brands, Gujarat State Petronet, Tata Steel, BEL, and Adani Ports are some of the top stocks to watch today
 "Stocks to Watch Today, May 23: ITC, Sun Pharma, IndusInd, Trent, TVS, Ola")
Borana Weaves IPO allotment today; check status, GMP, listing date
Borana Weaves IPO allotment status: Once the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue
 "Borana Weaves IPO allotment today; check status, GMP, listing date")
What does Chris Wood think about stock markets, defence stocks, US dollar?
The most likely bloc to enjoy long-term appreciation against the USD remains Asian currencies in what amounts to a reversal of the dynamic triggered by the Asian Crisis nearly 30 yrs ago, Wood said
 "What does Chris Wood think about stock markets, defence stocks, US dollar?")
This analyst is bullish on Media, Defence; recommends these 2 stocks
Kunal Kamble of Bonanza expects Media and Defence sectors to continue outperformance, and Network 18 Media and Cochin Shipyard are his top 2 picks.
 "This analyst is bullish on Media, Defence; recommends these 2 stocks")
Nifty trading guide for May 23: Analyst suggest using 'Bull Call Spread'
Nifty trading today: Given the prevailing volatility and the presence of clearly defined support and resistance levels, a 'Bull Call Spread' is an optimal strategy
 "Nifty trading guide for May 23: Analyst suggest using 'Bull Call Spread'")
IndiGo set for strong gains in FY26 on lower costs, capacity boost
While IndiGo posted a strong Q4 and has promising FY26 prospects due to falling fuel costs and capacity gains, Q1 may face pressure from geopolitical disruptions
 "IndiGo set for strong gains in FY26 on lower costs, capacity boost")
Looking into possible 'egregious violation' at IndusInd Bank: Sebi chief
"If there are any egregious violations by anyone, Sebi is looking into that," the Sebi chief said
 "Looking into possible 'egregious violation' at IndusInd Bank: Sebi chief")
Capex momentum likely to improve for Power Grid Corporation of India
Record project wins were also reported with ₹92,000 crore, and works-on-hand is ₹1.55 trillion. The management hopes capex improvement will translate to asset capitalisation of ₹28,000 crore in FY26
 "Capex momentum likely to improve for Power Grid Corporation of India")
A third of GenZ investing in securities mkt: Sebi chief Tuhin Kanta Pandey
Sebi chief Tuhin Kanta Pandey says GenZ's growing market participation signals rising trust in financial systems and an opportunity for inclusive capital formation
 "A third of GenZ investing in securities mkt: Sebi chief Tuhin Kanta Pandey")
US debt concerns roil stock markets; Sensex and Nifty end 0.8% lower
Trump's $3.8 trillion tax plan stokes debt fears; Sensex drops 645 points
 "US debt concerns roil stock markets; Sensex and Nifty end 0.8% lower")
IndusInd Bank, Nestle India dropped from BSE Sensex in index rejig
IndusInd Bank and Nestle India will be removed from the BSE Sensex as part of the index rebalancing effective June 23, 2025, with Trent and Bharat Electronics set to join the benchmark index
 "IndusInd Bank, Nestle India dropped from BSE Sensex in index rejig")