Page 46 - Stock Market Today
Business growth remains robust for Bajaj Finance, M&M Financial Services
While analysts remain positive, the two stocks fell by 1.5-4.5 per cent on Wednesday
 "Business growth remains robust for Bajaj Finance, M&M Financial Services")
Sensex, Nifty50 close at dip as US treasury yields hit highest since 2007
Market participants also exercised caution ahead of the Reserve Bank of India's upcoming monetary policy announcement
 "Sensex, Nifty50 close at dip as US treasury yields hit highest since 2007")
Rise in US bond yields would result in lower valuations for Indian equities
This increase in the US bond yield, the most significant in roughly four decades, is consequential
 "Rise in US bond yields would result in lower valuations for Indian equities")
Street gives a thumbs up to Anil Agarwal-led Vedanta's demerger plan
While the holding company discount should reduce and operational flexibility improve, there are still some concerns on the parent's debt
 "Street gives a thumbs up to Anil Agarwal-led Vedanta's demerger plan")
SBI Cards likely to gain as higher spending expected in third quarter
The four largest players are HDFC Bank, SBI Cards, ICICI Bank and Axis Bank and they hold 70 per cent of outstanding cards and receive about 75 per cent of spends
 "SBI Cards likely to gain as higher spending expected in third quarter")
Strong growth prospects for the affordable housing finance sector
The competitive intensity is high in the lender segment, with banks, small finance banks and NBFCs including both specialised HFC and non-specilaised NBFCs active in the segment
 "Strong growth prospects for the affordable housing finance sector")
Markets hit 4-week lows on FPI selloff; Sensex ends 610 points lower
Increasing US yields, oil price surge trigger risk-off bets
 "Markets hit 4-week lows on FPI selloff; Sensex ends 610 points lower")
Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day
The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Stock Exchange's SME platform) garnered 282 times subscription, attracting bids worth Rs 5,407 crore
 "Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day")
Improving signals for road sector companies with 25% budget boost for FY24
Given high competition, firms with ability to monetise projects, focus on high margin assets and healthy balance sheets are preferred plays
 "Improving signals for road sector companies with 25% budget boost for FY24")
Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day
The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Stock Exchange's SME platform) garnered 282 times subscription, attracting bids worth Rs 5,407 crore
Sensex rebounds 173 pts on buying in Reliance Industries, L&T, ITC
The Nifty gained 51.75 points to end at 19,716.45. It moved between a low of 19,554 and a high of 19,730.70 in day trading
Tata Power Renewable to set up 41 MW captive solar plant in Tamil Nadu
The captive solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA)
 "Tata Power Renewable to set up 41 MW captive solar plant in Tamil Nadu")
National Stock Exchange aims for extended F&O trading hours by March 2024
Move to accommodate interest of FPIs, introduction may take few months after receiving Sebi nod
 "National Stock Exchange aims for extended F&O trading hours by March 2024")
Indices edge up on gains in financials shares; end four-day losing streak
Analysts said a fresh uptick in US treasury yields is making investors jittery amid rising concerns over inflation and high interest rates while FIIs continue to offload shares in local equities
 "Indices edge up on gains in financials shares; end four-day losing streak")
Indices edge up on gains in financials shares; end four-day losing streak
Analysts said a fresh uptick in US treasury yields is making investors jittery amid rising concerns over inflation and high interest rates while FIIs continue to offload shares in local equities
 "Indices edge up on gains in financials shares; end four-day losing streak")
Pricey valuations threaten best Indian media stocks rally in 14 years
Optimists are focusing on the upcoming pipeline of movies, two of which feature India's biggest superstars, and a potential boost to advertisement spending
 "Pricey valuations threaten best Indian media stocks rally in 14 years")
Oil marketing companies likely to feel the heat of high crude oil prices
RIL a likely beneficiary of higher refining margins; ONGC and Oil unlikely to see major change in estimates
 "Oil marketing companies likely to feel the heat of high crude oil prices")
Standalone health, private multi-line insurance players see more gains
Target prices though indicate decent upside in Star Health, and minor gains in ICICI Lombard
 "Standalone health, private multi-line insurance players see more gains")
Headwinds ahead for NBFCs; analysts differ significantly in recommendations
But analysts differ significantly with respect to individual large players
 "Headwinds ahead for NBFCs; analysts differ significantly in recommendations")
Stellar rally in defence stocks not pricing potential risks, says KIE
The note said there could be a market opportunity of Rs 1.6 trillion for domestic procurement by FY26 due to overall solid defence capex growth and low imports due to indigenisation
 "Stellar rally in defence stocks not pricing potential risks, says KIE")