Page 932 - Markets News
Global stock sell-off on slowdown concern pushes Indian rupee to record low
Investor sentiment soured after weaker-than-expected US factory data prompted growth concerns while tensions about a widening conflict in the Middle East weighed
 "Global stock sell-off on slowdown concern pushes Indian rupee to record low")
F&O curbs for stemming 'frenzied trading': Sebi whole-time member
Whole-time member Narayan says measures aimed at addressing hyperactive trading on expiry day
 "F&O curbs for stemming 'frenzied trading': Sebi whole-time member")
Back in biz: Equity investors turn aggressive on red-hot defensive stocks
Most of the rise in the defensive sector weightage in the index has so far been led by pharmaceutical manufacturers but FMCG and IT Services companies out-perform the broader market in July
 "Back in biz: Equity investors turn aggressive on red-hot defensive stocks")
Sebi to relax norms for registered investment advisors, research analysts
According to industry estimates there are more than 1,300 RIAs but only 300 of them are members of the association of RIAs
 "Sebi to relax norms for registered investment advisors, research analysts")
Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr
After the share sale by these promoters, the combined shareholding of promoters and promoter group entities in Netweb Technologies India will decline to 71.4 per cent from 75.04 per cent
 "Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr")
Adani Wilmar shares jump 10% as Adani Enterprises to demerge food-FMCG biz
With this, the existing shareholders of AEL will hold shares directly in Adani Wilmar
 "Adani Wilmar shares jump 10% as Adani Enterprises to demerge food-FMCG biz")
Sebi to release paper on easing norms for investment advisor registration
The capital markets regulator will come out with a consultation paper which will have proposals on relaxing registration requirements for investment advisors and research analysts by Monday or Tuesday
 "Sebi to release paper on easing norms for investment advisor registration")
Blacksoil disburses over Rs 220 crore in Q1 FY25, AUM increases 40%
The company added that its portfolio firms collectively raised Rs 541 crore in Q1 FY25
 "Blacksoil disburses over Rs 220 crore in Q1 FY25, AUM increases 40%")
Google parent Alphabet reduced stake in Crowdstrike before July outage
The company cut its stake to 427,895 class A shares from 855,789 shares, as of June 30
 "Google parent Alphabet reduced stake in Crowdstrike before July outage")
Stock Market Highlights, August 2: Sensex plunges 886 pts, Nifty ends near 24,700; Auto, IT fall
Stock Market Highlights on Friday, August 2, 2024:42 out of the 50 constituent stocks on Nifty50 ended in the red, with Eicher Motors, Tata Motors, Maruti Suzuki, and JSW Steel being the top laggards
 "Stock Market Highlights, August 2: Sensex plunges 886 pts, Nifty ends near 24,700; Auto, IT fall")
Zomato stock price can jump 33% from here, say analysts. Check key reasons
Zomato share price today: Zomato share price surged 19 per cent to a fresh record high of Rs 278.45 per shar intraday. Nearly 418.73 million shares changed hands on the counter on NSE & BSE on Friday
 "Zomato stock price can jump 33% from here, say analysts. Check key reasons")
Adani Wilmar surges 10% as Adani Ent to demerge food-FMCG biz to company
Adani Enterprises has approved demerger of the food FMCG business to Adani Wilmar along with AEL's strategic investment in Adani Commodities LLP
 "Adani Wilmar surges 10% as Adani Ent to demerge food-FMCG biz to company")
This Mukul Agrawal-owned stock crossed Rs 10,000-mark; up 725% in 2 years
Neuland Laboratories hit a new high of Rs 11,093.15, as the stock rallied 18% on the BSE in Friday's intra-day trade on the back of robust earnings for June 2024 quarter.
 "This Mukul Agrawal-owned stock crossed Rs 10,000-mark; up 725% in 2 years")
Shakti Pumps shares locked in 5% upper circuit on Rs 558 crore-order win
The uptick in stock price came after the company announced that it has secured Letter of Intent (LoI) for an order worth Rs 558.16 crore from Department of Agriculture, Uttar Pradesh.
 "Shakti Pumps shares locked in 5% upper circuit on Rs 558 crore-order win")
ITC share price target raised: Up to 17% upside expected on steady cig biz
ITC share price today: Analysts expect legal cigarette players to gain market share from illegal player. ITC could be a key beneficiary
 "ITC share price target raised: Up to 17% upside expected on steady cig biz")
ixigo stock jumps 5% on healthy June quarter performance; profit zooms 78%
The uptick in the share price came on the back of strong June quarter (Q1FY25) results.
 "ixigo stock jumps 5% on healthy June quarter performance; profit zooms 78%")
Auto index skids 2% on tepid July sales; Maruti, TaMo, Eicher slip up to 5%
Auto stocks update: The overall wholesale volume performance was subdued in July 2024 with some segments like PV, CV and select two-wheeler players' volume reporting weak sales volume.
 "Auto index skids 2% on tepid July sales; Maruti, TaMo, Eicher slip up to 5%")
IDBI Bank stock gains 3% as RBI okays 3 bidders for majority stake sale
The finance ministry is likely to provide private data room access to potential bidders of IDBI Bank as soon as next week after it received a fit and proper nod for three suitors from the RBI.
 "IDBI Bank stock gains 3% as RBI okays 3 bidders for majority stake sale")
KP Green Engg rises 5% on orders of Rs 53 cr; stock up 141% in six months
The uptick in the stock price came after the company announced that it has secured orders worth over Rs 53 crore.
 "KP Green Engg rises 5% on orders of Rs 53 cr; stock up 141% in six months")
Indian bonds seen a tad lower, yield holds 6.90% level before debt sale
New Delhi aims to raise 220 billion rupees ($2.63 billion) on Friday through the sale of bonds, which includes 10-year green bonds and a 30-year paper
 "Indian bonds seen a tad lower, yield holds 6.90% level before debt sale")