Page 821 - Markets News
Mkts end in red for 3rd straight week; FPI selloff in October tops $9 bn
Longest weekly losing streak in 14 months
 "Mkts end in red for 3rd straight week; FPI selloff in October tops $9 bn")
Axis Bank shares rally over 5% after Q2, but analysts cautious on outlook
Axis Bank share price: Brokerages have cut their earnings forecast by up to 5 per cent over FY25-27 to factor in Q2 results
 "Axis Bank shares rally over 5% after Q2, but analysts cautious on outlook")
Private equity, venture capital bets fall 40% to $8.8 bn in Q2: Report
The decline in overall investments happened despite the number of deals being 26 per cent higher during the same period at 283 transactions
 "Private equity, venture capital bets fall 40% to $8.8 bn in Q2: Report")
Sebi clarifies on 3-in-1 accounts usage for online public issue application
A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution
 "Sebi clarifies on 3-in-1 accounts usage for online public issue application")
Value of securities held in demat form at NSDL reaches Rs 500 trillion
Last month, the depository received Sebi's go-ahead to launch its initial public offering (IPO). The clearance from the markets regulator came more than a year
 "Value of securities held in demat form at NSDL reaches Rs 500 trillion")
Indian stocks see record monthly foreign outflows as China takes spotlight
China's blue-chip index fell about 14% from its peak recorded on Oct. 8, as Beijing left out details such as the size of the stimulus package and left investors thirsty for more tangible stimulus anno
 "Indian stocks see record monthly foreign outflows as China takes spotlight")
Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%
Stock Market Close Highlights Today, Oct 18: The Nifty50, too, ended at 24,854.05, up 104.16 point. Axis Bank, ICICI Bank, HDFC Bank, and RIL led the rally market today
 "Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%")
Motilal Oswal stock zooms 109% within 3 months; marketcap tops Rs 62,000 cr
At 02:38 pm; with a marketcap of Rs 62,392 crore MOFSL was quoting 12% higher backed by a combined volume of 14.14 million equity shares on the NSE and BSE.
 "Motilal Oswal stock zooms 109% within 3 months; marketcap tops Rs 62,000 cr")
LTIMindtree shares crash 6.5% after Q2 results; Should you buy, sell, hold?
LTIMindtree share price news: he drop in LTIMIndtree shares came after the information technology (IT) company's management gave a cautious commentary for growth in Q3 FY25
 "LTIMindtree shares crash 6.5% after Q2 results; Should you buy, sell, hold?")
Expanding bond market to ease capital needs key to India's $5 trn goal
Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent
 "Expanding bond market to ease capital needs key to India's $5 trn goal")
Shriram Finance gains as board to mull over stock split, dividend on Oct 25
Shriram Finance has fixed the record date for payment of its interim dividend on Thursday, November 7, 2024
 "Shriram Finance gains as board to mull over stock split, dividend on Oct 25")
Nitco shares hit 5% upper circuit; Here's what's driving the stock higher
Nitco has settled all its dues with LIC and also entered into a memorandum of intent of settlement with Authum Investment and Infrastructure
 "Nitco shares hit 5% upper circuit; Here's what's driving the stock higher")
RPP Infra hits 5% upper circuit after securing Rs 28-cr order in Tamil Nadu
RPP Infra received a letter of acceptance for manufacturing a 7MLD product water conveyance system and two pump rooms at SIPCOT Industrial Park, Krishnagiri, Tamil Nadu
 "RPP Infra hits 5% upper circuit after securing Rs 28-cr order in Tamil Nadu")
Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore
Tanla Platforms revenue for the quarter under review stood at Rs 1,000.7 crore, down 0.78 per cent from Rs 1,008.6 crore
 "Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore")
Manappuram Fin share price tanks 15% as RBI bans loan disbursement by arm
Manappuram Finance share price: Manappuram Finance share price tanked 15 per cent to Rs 150.80, hitting an 11-month low on the BSE after the RBI put restrictions on Asirvad Micro Finance
 "Manappuram Fin share price tanks 15% as RBI bans loan disbursement by arm")
Vishnu Prakash rallies 14% on healthy order book; zoomed 116% since April
The average trading volumes at the counter jumped four-fold with a combined 8.6 million equity shares representing 6.9% of total equity of VPRPL changing hands on the NSE and BSE till 12:50 PM.
 "Vishnu Prakash rallies 14% on healthy order book; zoomed 116% since April")
Zomato share price drops 5% on BSE on Friday; QIP, Q2 results in focus
Zomato share price: Zomato's fundraising plans come ahead of rival Swiggy's initial public offering (IPO)
 "Zomato share price drops 5% on BSE on Friday; QIP, Q2 results in focus")
Maharashtra Scooters up 8% as it deemed fit for special-call auctions
Maharashtra Scooters has at least 90 per cent of its assets invested in Bajaj group companies
 "Maharashtra Scooters up 8% as it deemed fit for special-call auctions")
Quick Heal slumps 10% after posting weak Q2 results; Net profit down 68%
Quick Heal reported a 67.8 per cent decline in consolidated net profit at Rs 4.15 crore
 "Quick Heal slumps 10% after posting weak Q2 results; Net profit down 68%")
Earnings disappointment a catalyst for market correction: Analysts
The developments come at a time when the markets are already grappling with geopolitical developments in West Asia and the uncertainty surrounding the outcome of the US presidential polls
 "Earnings disappointment a catalyst for market correction: Analysts")