Page 43 - Indian Markets

Adani-Hindenburg: SC panel urges centralised database of unclaimed property

Database would aim to track rightful owners of such property and enable proven legal heirs to get full picture of investments and savings of the deceased and claim their money

Markets drop on US debt ceiling concerns, benchmark indices shed 6% each

Sensex and Nifty both lose over 1.2%, in two days despite positive flows from FPIs

Stock of this technology solutions company has zoomed 100% in 11 weeks

Shares of Aurionpro Solutions locked in 10 per cent upper circuit at Rs 581.5 in Wednesday's intra-day trade, in an otherwise a weak market on strong growth outlook

Biz activity for Shopify's Indian sellers up 9.8% to Rs 30,100 cr in 2022

Shopify has a total seller-base of 7.9 million registered Indian Micro, Small, and Medium Enterprises (MSMEs) on its platform

Bharti Airtel Q4 revenue may rise up to 6.4% QoQ, ARPU growth to aid margin

At the bourses, shares of Bharti Airtel have declined 1.86 per cent so far this calendar year (CY23), as against 2 per cent rise in the S&P BSE Sensex

Karnataka election results likely to keep Indian markets swinging

The market mood is bullish amid strong inflows from foreign portfolio investors. The benchmark National Stock Exchange Nifty is less than 3 per cent shy of new all-time highs

Sensex gains 123.38 points, finishes over 62K, highest since December

The 30-share index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022

Karvy Stock Broking case: Sebi fines Rs 1.9 crore on 4 ex-officials

Capital markets regulator Sebi on Friday imposed a penalty totalling Rs 1.9 crore on four former officials of Karvy Group for flouting norms in the case pertaining to misappropriation of clients' funds by Karvy Stock Broking Ltd (KSBL). They have been directed to pay the fine within 45 days, according to the order passed by the Securities and Exchange Board of India (Sebi). The order came after Sebi initiated adjudication proceedings against the key persons of KSBL, who allegedly contributed/colluded with the brokerage house in its wrongdoings. Those penalised by Sebi are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL; Srinivasa Raju, who was the General Manager- back office operations; and V Mahesh, who was the MD of Karvy Stock Broking's subsidiary KDMSL. The case relates to KSBL's raising huge funds by pledging clients' securities and by misusing the Power of Attorney (PoA) granted to it by its clients. Further, the funds by ...

India is a focus market for the carrier, says KLM Royal Dutch Airlines

KLM Royal Dutch Airlines on Friday said India is a focus market for the carrier as it introduced a new class for travellers on its flights between various Indian cities and Amsterdam. The airline is part of the Air France-KLM Group, which recorded passenger traffic of one million on Indian routes in 2022. India is the world's third largest and one of the fastest aviation markets in the world. Currently, Air France-KLM operates up to 46 weekly flights connecting four Indian cities -- Delhi, Mumbai, Bengaluru, and Chennai. It also has a codeshare agreement with IndiGo for more than 30 cities. Reflecting the growing traffic to and from India, the group increased its seat capacity on Indian routes by 22 per cent as compared to 2022. KLM has introduced the 'premium comfort class' on the Indian routes. "The launch highlights the importance of India as a focus market for KLM. The new premium comfort class will be available on flights between Bengaluru, Delhi and Mumbai to Amsterdam and

Caplin Point rises 10% after arm gets USFDA nod for anti-inflammatory drug

So far this calendar year (CY23), shares of Caplin Point have declined 0.4 per cent, as against 1 per cent rise in the S&P BSE Sensex

South Indian Bank jumps 12% after it clocks robust March quarter results

In the past one month, shares of South Indian Bank soared 20 per cent, as against a 2 per cent rise in the S&P BSE Sensex

HDFC Securities recommends Bull Spread strategy on ACC for May series

The derivative analyst from HDFC Securities recommends to Buy ACC 1,800 CALL at Rs 45.5 & simultaneously sell 1860 CALL at Rs 22.5

Charts show Nifty Commodities in overbought zone; sell-on-rise strategy apt

The recent bullish run has propelled Nifty Commodities into an overbought zone, implying optimal trading strategy to capitalise on any upward price movements by selling, said technical analyst

Markets in consolidation phase; prudent to book profit now: Analysts

Thus far in fiscal 2023-24 (FY24), the S&P BSE Sensex has moved up around 5% to nearly 62,000 levels. The Nifty50 index, on the other hand, has gained 5.5% to 18,300 levels, data shows

Charts exhibit bearish trend for Nifty Realty, Pharma indices in near-term

By booking profits and staying away from the market, investors can avoid potential losses and capitalise on future price fluctuations that may occur, said the technical analyst

HDFC Securities recommends to buy Mastek, CCL Products; here's why

According to the technical analyst, Mastek is placed above its 20, 50 and 100 days EMA, while CCL Products' indicators and oscillators have turned bullish on daily and weekly charts

Charts hint near-term correction for Nifty FMCG, sell-on-rise approach apt

It is recommended that traders adopt a cautious approach while trading in Nifty FMCG index, given the overextended market conditions and the likelihood of a correction in the near term, said analyst

Should you subscribe to Nexus Select REIT IPO? Here's what brokerages say

On Tuesday, shares of Nexus Select enjoyed a premium of Rs 5 in the grey market, which translated to a likely listing price of Rs 105 apiece on the upper price brand

Charts reveal bearish trend for Nifty Private Bank index in near-term

By maintaining a strict stop-loss limit and implementing a sell-on-rise approach, investors can navigate present market trends with ease and mitigate potential losses, said the technical analyst

Sensex recovers 800 pts from Friday's low; key reasons behind the rally

The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279