Page 528 - Markets News
Wall Street tumbles as S&P 500 slides 2% on signs of US slowdown
The weaker-than-expected report on the US economy surprised financial markets because economists were expecting to see modest growth
 "Wall Street tumbles as S&P 500 slides 2% on signs of US slowdown")
Sebi bars three for five yrs over fraudulent trading in shares of Atlantaa
Sebi had earlier issued restraint orders on two of the individuals, Manish Mishra and Vivek Chauhan, in earlier cases involving Sadhna Broadcast and Sharpline Broadcast
 "Sebi bars three for five yrs over fraudulent trading in shares of Atlantaa")
PSX plunges 3,500 points due to increasing risk of showdown with India
Information Minister Atta Tarar said that India was planning military action against Pakistan in 26 to 36 hours, spreading panic in the market
 "PSX plunges 3,500 points due to increasing risk of showdown with India")
Mark Mobius holds 95% cash in funds, says trade jitters may last months
Investors will likely only be able to assess market opportunities once the trade negotiations take place over the next four to six months, said Mobius
 "Mark Mobius holds 95% cash in funds, says trade jitters may last months")
Realty roars, pharma follows; Sensex, Nifty end flat; SMIDs take a hit
Pressure was more pronounced in the broader markets, with small-cap shares falling the most
 "Realty roars, pharma follows; Sensex, Nifty end flat; SMIDs take a hit")
Stock Market Close Highlights: Sensex slips 46 pts, ends April 2,827 pts higher; Bajaj twins tank 5%
Sensex Today | Stock Market Close Highlights: The Nifty ended flat at 24,334. Maruti and Bharti Airtel were the top gainers among Sensex 30; while Bajaj twins, Tata Motors and SBI dropped on Wednesday
 "Stock Market Close Highlights: Sensex slips 46 pts, ends April 2,827 pts higher; Bajaj twins tank 5%")
HDFC Life hits 6-month high, nears record high; analysts see more upside
The brokerage firm believes HDFC Life can deliver higher VNB growth than what is implied in the current valuation on the back of higher APE growth than the industry at 14-16%.
 "HDFC Life hits 6-month high, nears record high; analysts see more upside")
Blue Jet Healthcare jumps 6% as MOFSL initiates coverage, 26% upside seen
Blue Jet Healthcare's stock was quoting at ₹715, up 4.32 per cent on the National Stock Exchange
 "Blue Jet Healthcare jumps 6% as MOFSL initiates coverage, 26% upside seen")
Tata group stock trades lower for 6th straight day; slips 15% in 3 days
Shares of Tejas Networks slipped 5% to ₹696 on the BSE in Wednesday's intra-day trade, extending its fall after it reported a loss of ₹71.80 crore in Q4FY25.
 "Tata group stock trades lower for 6th straight day; slips 15% in 3 days")
Varun Beverages posts 33% rise in Q1CY25 PAT, announces dividend; details
During Q1CY25, Varun Beverages' net profit zoomed 33.5 per cent Year-on-Year (Y-o-Y) to ₹731.35 crore from ₹547.98 crore reported in the corresponding quarter of the previous year
 "Varun Beverages posts 33% rise in Q1CY25 PAT, announces dividend; details")
Ather Energy IPO ends today; check subscription status, GMP, listing date
The public offering has received bids for 5,89,29,634 equity shares against 5,33,63,160 on offer, leading to a subscription of 1.10 times
 "Ather Energy IPO ends today; check subscription status, GMP, listing date")
Kenrik Industries IPO Day 2 update: Subscription lags at 44%, GMP flat
The unlisted shares of Kenrik Industries were trading flat at ₹25 in the grey market
 "Kenrik Industries IPO Day 2 update: Subscription lags at 44%, GMP flat")
Mutual Funds increased stake in 14 pharma stocks in Q4FY25; do you own any?
Analysts believe that pharma shares continue to see buying interest, given the inelastic demand for medicines; tariffs, if any could have minimal impact on the industry.
 "Mutual Funds increased stake in 14 pharma stocks in Q4FY25; do you own any?")
Macrotech, Godrej Properties gain up to 6%, Realty index up 4%; here's why
BSE Realty Index rose as much as 3.66 per cent to 6,989.6 on Wednesday, the best session for the index since April 15
 "Macrotech, Godrej Properties gain up to 6%, Realty index up 4%; here's why")
Arunaya Organics IPO Day 2 update; subscription at 96%, GMP remains flat
Arunaya Organics' unlisted shares were trading flat at ₹58, the upper price band, in the grey markets
 "Arunaya Organics IPO Day 2 update; subscription at 96%, GMP remains flat")
SBI dips 3% on profit booking on fund raising plan; should you buy or hold?
SBI's board, at a meeting scheduled for May 3, 2025, is expected to discuss and approve the proposal for raising equity during FY26.
 "SBI dips 3% on profit booking on fund raising plan; should you buy or hold?")
Bitcoin trades range-bound: What's next for the flagship cryptocurrency?
Bitcoin's market capitalisation stood at $1.88 trillion, the highest among the cryptocurrencies
 "Bitcoin trades range-bound: What's next for the flagship cryptocurrency?")
What's driven Ceat to hit 4-month high; surge 6% in subdued market? Details
Ceat's gross Margins for the March 2025 quarter improved by 65 bps to 37.5 per cent largely driven by favourable revenue mix and as a result of strong cost controls across the value chain.
 "What's driven Ceat to hit 4-month high; surge 6% in subdued market? Details")
Vishal Mega Mart shares rally 10% on positive Q4 earnings; details here
The hypermarket chain operator's stock rose as much as 9.99 per cent during the day to ₹118.4 per share
 "Vishal Mega Mart shares rally 10% on positive Q4 earnings; details here")
Iware Supplychain IPO Day 3 update; check subscription, GMP, key dates
The unlisted shares of Iware Supplychain Services were trading flat at ₹95 in the grey market on day 3 of subscription
 "Iware Supplychain IPO Day 3 update; check subscription, GMP, key dates")