Page 18 - Indian Markets

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

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

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

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

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

Bluechips drive India past $5 trillion market capitalisation milestone

63% of mcap growth contributed by top 100 firms

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

Crude Oil, Natural Gas: Check key trading strategy, target price

Despite ongoing conflicts and lower demand growth expectations, oil prices remain steady

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

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

Sebi issues framework to shield stock price impact from market rumours

Framework aimed at providing price protection to acquirers

Sebi eases minimum promoter contribution norms to boost IPO process

Sebi has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in case of a shortfall without being identified as a promoter

Street signs: Option writers' mouse trap, Awfis space GMP at 20%, and more

Given the recent spike in volatility, brokers are advising their clients to avoid option writing or to seek an extra margin of safety

Markets will have a strong run after June 4, says PM Narendra Modi

PM Narendra Modi assertion follows assurances by 3 senior ministers

Market assumes easy re-election for incumbent govt, says Pratik Gupta

Gupta highlights that Indian markets are currently displaying signs of being relatively expensive, cautioning investors, particularly in the smallcap space

Paint companies Asian Paints and Berger Paints start slashing prices

Paint companies remain unperturbed with competition heating up

Go Digit IPO: Issue subscribed over 9.6 times on final day, QIBs bet big

According to the exchange data, the retail investor portion of the issue was subscribed 4.27 times. The qualified institutional buyers' portion was booked 12.56 times

Netgear explores possibility of building manufacturing facilities in India

Netgear, a global leader in networking technology, is exploring the possibility of establishing manufacturing facilities in India, the company said on Thursday. The inauguration of two new office floors for research and development here exemplifies the Nasdaq-listed company's unwavering commitment to this burgeoning market, marking a significant step forward for Netgear in bolstering its presence and investments in India, it said in a release. By participating in the 'Make in India' initiative, Netgear said, it hopes to increase its market presence, reduce production costs and foster local innovation. We are adding more space to our research centre and shall continue to invest more in engineering, sales and customer support in the coming years," Netgear CEO Charles (CJ) Prober, who is on a maiden visit to India, said at a press conference here. His visit signifies Netgear's strategic emphasis on establishing local manufacturing facilities to fortify its market position and synchron

Ex-PM Lee lauds SICCI for aiding Singapore firms in Indian market outreach

The Singapore Indian Chamber of Commerce and Industry (SICCI) has helped strengthen economic links between Singapore and India by providing local firms with market outreach and advisory on the Indian market, former Prime Minister Lee Hsien Loong has said. These efforts have helped us to benefit from India's tremendous growth potential, Lee said in a farewell letter to the SICCI after relinquishing the premiership on Wednesday in a political leadership renewal process of the People's Action Party which has ruled the prosperous city-state for six decades. He noted SICCI's significant contribution to Singapore's economic growth, highlighting, You helped many local Indian firms grow their businesses through transformation, innovation, and overseas expansion. SICCI has also been a close partner of the government, providing valuable feedback on government policies, said Lee who led Singapore for 20 years and now sits as a senior minister in the Cabinet headed by Lawrence Wong -- sworn in

Stocks to Buy: Here's why Anand Rathi suggests HAL, Titan, Aegis Logistics

Since reaching its peak around the Rs 3,800 mark on April 1, 2024, the market has experienced a significant downturn, with a decline of nearly 600 points, translating to a 16 per cent loss in price