Page 17 - Indian Markets
US rate outlook spooks markets; Nifty falls for fifth consecutive session
Longest losing streak since October
 "US rate outlook spooks markets; Nifty falls for fifth consecutive session")
Market regulator Sebi issues guidelines on settlement penalties
Under the norms, entities can settle a matter by paying an amount, usually decided by a committee of Sebi
 "Market regulator Sebi issues guidelines on settlement penalties")
Sebi asks clearing corporations to diversify their bank exposure
Regulator also tweaks norms on collateral and liquid assets
 "Sebi asks clearing corporations to diversify their bank exposure")
3 mutual fund houses lead the charge with offerings in quant space
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies
 "3 mutual fund houses lead the charge with offerings in quant space")
Gurgaon's Rites to go aggressive on global export and consultancy tenders
Rail PSU looks to continue bagging an order a day
 "Gurgaon's Rites to go aggressive on global export and consultancy tenders")
Hindalco's shares rise by 3.5% after subsidiary Novelis firms up IPO plan
Hindalco, a leading aluminium and copper manufacturer, holds a 100 per cent stake in Novelis, which is in a similar business
 "Hindalco's shares rise by 3.5% after subsidiary Novelis firms up IPO plan")
Benchmarks fall for third day amid poll jitters; Vix hits fresh 2-year high
Indian equities have been jittery amidst the ongoing elections and selling by foreign portfolio investors
 "Benchmarks fall for third day amid poll jitters; Vix hits fresh 2-year high")
From Tata Steel to Hindustan Zinc, metal firms yet to deliver on hope
Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs
 "From Tata Steel to Hindustan Zinc, metal firms yet to deliver on hope")
Another milestone: Nifty 50 crosses 23,000-mark for the first time
After hitting a high of 23,026, Nifty 50 index settled at 22,957, down 11 points, or 0.05 per cent, over its previous day's close
 "Another milestone: Nifty 50 crosses 23,000-mark for the first time")
Nifty ends flat after hitting 23K mark, logs gain of 2% for a second week
Foreign portfolio investor (FPI) sold shares worth Rs 945 crore on Friday
 "Nifty ends flat after hitting 23K mark, logs gain of 2% for a second week")
JK Lakshmi Cement shares rally 7% on healthy Q4; up 15% in last one year
The surge in JK Lakshmi Cement share was fuelled by robust Q4FY24 results, which came in line with street estimates
 "JK Lakshmi Cement shares rally 7% on healthy Q4; up 15% in last one year")
India needs 'balancing act' to manage bond index capital flows, says S&P
The index inclusion is expected to attract $40 billion in inflows in 18 months, according to estimates from Goldman Sachs Group Inc. and others
 "India needs 'balancing act' to manage bond index capital flows, says S&P")
High-speed traders piling into big short on volatility in Indian market
Volatility in Indian equities has been subdued over the past year, compared to US and Hong Kong stocks, but traders are bracing for potential swings around parliamentary election results
 "High-speed traders piling into big short on volatility in Indian market")
Warburg Pincus exits Apollo Tyres; pares entire stake for Rs 1,073 crore
Private equity major Warburg Pincus on Wednesday exited Apollo Tyres by selling its entire 3.54 per cent stake in the tyre manufacturing company for Rs 1,073 crore through open market transactions. US-based Warburg Pincus through its arm White Iris Investment Ltd offloaded the shares of Gurugram-based Apollo Tyres through 14 block deals on the BSE. As per the data on the BSE, White Iris Investment Ltd sold a total of 2,24,74,903 shares of Apollo Tyres. The shares were offloaded at an average price of Rs 477.35 per piece, taking the transaction value to Rs 1,072.84 crore. A clutch of domestic mutual funds (MFs), an insurance company and foreign investors were among the buyers of the shares. The entities are Edelweiss Mutual Fund (MF), Mirae Asset MF, ICICI Prudential MF, Sundaram MF, ICICI Prudential Life Insurance Company, Societe Generale, Ghisallo Master Fund LP, Goldman Sachs Investments (Mauritius) I, Morgan Stanley Asia Singapore, and Citigroup Global Markets Mauritius. As o
 "Warburg Pincus exits Apollo Tyres; pares entire stake for Rs 1,073 crore")
India's market capitalisation to GDP ratio at 15-year high of 140%
According to data from BSE, the 4,357 companies available for trade had a combined market capitalisation of around Rs 416 trillion on Tuesday against India's GDP at current price of Rs 296.6 trillion
 "India's market capitalisation to GDP ratio at 15-year high of 140%")
Bluechips drive India past $5 trillion market capitalisation milestone
63% of mcap growth contributed by top 100 firms
 "Bluechips drive India past $5 trillion market capitalisation milestone")
Indian bonds underpricing global index move, says ICICI Prudential AMC
India will be included in JPMorgan Chase & Co.'s key emerging market bond index as of next month
 "Indian bonds underpricing global index move, says ICICI Prudential AMC")
Crude Oil, Natural Gas: Check key trading strategy, target price
Despite ongoing conflicts and lower demand growth expectations, oil prices remain steady
 "Crude Oil, Natural Gas: Check key trading strategy, target price")
Expect formulations biz to outpace API biz: Biocon Group CEO Peter Bains
Peter Bains discusses their efforts to gain market share in key regions, the impact of lower active pharmaceutical ingredient prices, and growth plans for biosimilars and generics
 "Expect formulations biz to outpace API biz: Biocon Group CEO Peter Bains")
BSE Metal index rises over 4%, posts biggest single-day jump in 17 months
Apart from the rise in metal prices, some stock-specific reasons, like the demerger of Vedanta group companies into separate entities, have also led to the rally in the metal pack
 "BSE Metal index rises over 4%, posts biggest single-day jump in 17 months")
