Page 922 - Markets News
India's super rich lost $17 billion in Monday's stock market crash
Gautam Adani, ranked number two on India's rich list, saw $6.3 billion get shaved off from his net worth, which declined to $103.6 billion
 "India's super rich lost $17 billion in Monday's stock market crash")
Rupee nears 84 per US dollar tracking Asian peers, foreign outflows
RBI intervenes in off-shore, spot markets to curb volatility
 "Rupee nears 84 per US dollar tracking Asian peers, foreign outflows")
New demat account additions in July highest in 6 months, shows data
This is the fourth month in this calendar year when the new additions have remained above 4 million
 "New demat account additions in July highest in 6 months, shows data")
Yen carry trade, US recession threat: How brokerages interpret developments
India, analysts said, remains in a relatively better position amid strong fundamentals. Though valuations remain a concern, investors can use markets correction to buy quality stocks for the long-term
 "Yen carry trade, US recession threat: How brokerages interpret developments")
Sebi proposes separate FPI registration for issuing ODIs, P-notes
Sebi had specified thresholds such as over 50 per cent exposure by an FPI in a single corporate group or Rs 25,000 crore equity exposure in India
 "Sebi proposes separate FPI registration for issuing ODIs, P-notes")
Don't buy textile stocks on Bangladesh crisis, wait for dips: Analysts
Bangladesh crisis news, textile shares: This will provide a sentimental boost for related stocks, though the rally should not be chased on this trigger alone, analysts said
 "Don't buy textile stocks on Bangladesh crisis, wait for dips: Analysts")
Sebi mulls overhaul of investment advisor and research analyst rules
Slew of relaxation to bring more under the formal fold
 "Sebi mulls overhaul of investment advisor and research analyst rules")
Several measures taken by Sebi to protect retail investors: MoS Chaudhary
Under the Sebi's rule, no person can render investment advice unless he is registered with the capital markets regulator
 "Several measures taken by Sebi to protect retail investors: MoS Chaudhary")
Stock Market Highlights, Aug 6: Sensex drops 1,259 pts from high, ends 166 pts down; Nifty below 24k
Stock Market Highlights on August 6: On the BSE, 17 out of 30 listed stocks of the Sensex ended in the red, with State Bank of India, Mahindra & Mahindra, and Bharti Airtel being the top drags
 "Stock Market Highlights, Aug 6: Sensex drops 1,259 pts from high, ends 166 pts down; Nifty below 24k")
Crypto markets rebound on Tuesday amid global equity market recovery
The oldest cryptocurrency, Bitcoin, which registered a fall of over 12 per cent yesterday, has jumped over 9 per cent in the last 24 hours
 "Crypto markets rebound on Tuesday amid global equity market recovery")
Graphite India stock jumps 8% after reporting Rs 237 cr net profit in Q1
The stock price of Graphite India surged up to 8.38 per cent to Rs 46.62 per share on the BSE in Tuesday's intraday deals
 "Graphite India stock jumps 8% after reporting Rs 237 cr net profit in Q1")
Vedanta's shares surge after net profit grows 54% YoY in Q1FY25 results
The stock price of Vedanta surged up to 2 per cent to Rs 422 per share on the BSE in Tuesday's intraday deals. This came after the company's net profits more than doubled sequentially
 "Vedanta's shares surge after net profit grows 54% YoY in Q1FY25 results")
This smallcap stock has surged 100% from June low; zoomed 3694% in 4 years
Shares of Gravita India hit a new high of Rs 1,838.40, as they surged 14 per cent in Tuesday's intra-day trade backed by heavy volumes on the BSE.
 "This smallcap stock has surged 100% from June low; zoomed 3694% in 4 years")
Symphony shares hit 20% upper circuit on strong Q1 results, buyback plan
The uptick in the stock price came after the company posted a strong set of numbers in the June quarter. The board also announced a dividend and share buyback, which further fuelled the stock rally.
 "Symphony shares hit 20% upper circuit on strong Q1 results, buyback plan")
Agrochemicals shares rally up to 12% on healthy outlook; Rallis at new high
Analysts at Elara Capital remain bullish on the Rallis' crop care division prospects, driven by the robust outlook on the domestic business and cautiously optimistic outlook on the international biz.
 "Agrochemicals shares rally up to 12% on healthy outlook; Rallis at new high")
Triveni Turbines stock zooms over 6% after strong Q1FY25 results
This upward move followed the company's report of a 31.9 per cent rise in profit after tax (PAT) on a year-on-year (YoY) basis for the first quarter of the financial year 2024-25 (Q1FY25)
 "Triveni Turbines stock zooms over 6% after strong Q1FY25 results")
Patanjali stock hits new high, up 7% on hopes of higher rural demand
With a strong presence in the hinterland, Patanjali Foods is positive about rural demand moving northwards in the coming quarter.
 "Patanjali stock hits new high, up 7% on hopes of higher rural demand")
HCC's stock price tanks 5% after reporting a net loss of Rs 2.5 cr in Q1
The stock price of Hindustan Construction Company (HCC) fell up to 4.81 per cent to Rs 46.62 per share on the BSE in Tuesday's intraday deals
 "HCC's stock price tanks 5% after reporting a net loss of Rs 2.5 cr in Q1")
Brigade Ent climbs 11% on healthy Q1FY25 results; profit more than doubles
The share price rose after the company reported a strong set of numbers in the June quarter of financial year 2025 (Q1FY25).
 "Brigade Ent climbs 11% on healthy Q1FY25 results; profit more than doubles")
Schneider Electric's stock zooms 10% after robust Q1FY25 performance
Shares of Schneider Electric Infrastructure soared up to 10 per cent to Rs 824 per share on the BSE in Tuesday's intraday deals
 "Schneider Electric's stock zooms 10% after robust Q1FY25 performance")