Page 55 - Market News
Mid, smallcaps gain in listless trade; OMC, realty stocks rally, banks weak
Closing Bell on November 8, 2023: Volatility index, India VIX, was down over 1 per cent today as ended at 11 levels
 "Mid, smallcaps gain in listless trade; OMC, realty stocks rally, banks weak")
Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability
That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies
 "Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability")
Sensex, Nifty take breather after 3-day winning run; pharma, PSBs rally
Closing Bell on November 7, 2023: The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively
 "Sensex, Nifty take breather after 3-day winning run; pharma, PSBs rally")
Stocks to Watch today: Bajaj Finance, Nykaa, HPCL, IRCTC, RR Kabel, Sobha
Stocks to watch on Tuesday, November 7, 2023: Apollo Tyres, Balrampur Chini, CRISIL, IRCTC and Power Grid Corporation among prominent companies scheduled to announce results today.
 "Stocks to Watch today: Bajaj Finance, Nykaa, HPCL, IRCTC, RR Kabel, Sobha")
Steady NIM, credit costs may drive SBI's re-rating in near-term: Analysts
Worries about the impact of relatively lower capital adequacy levels, comfort of loan mix due to presence of unsecured loans, and NIM contraction cycle have been weighing on the stock
 "Steady NIM, credit costs may drive SBI's re-rating in near-term: Analysts")
Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally
Closing Bell on November 6, 2023: Among sectors, the Nifty Metal, Pharma, Private Bank, and Realty indices added over 1 per cent each
 "Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally")
Gold, silver prices remain unchanged, yellow metal trading at Rs 61,640/10g
The price of 22-carat gold was the same as yesterday, with the yellow metal selling at Rs 56,500
 "Gold, silver prices remain unchanged, yellow metal trading at Rs 61,640/10g")
Spreading the risk: India's MFs are now invested in nearly 1,000 companies
AUM rose to Rs 48 trn in September, with over half of the money invested in equity funds
 "Spreading the risk: India's MFs are now invested in nearly 1,000 companies")
Bank of Baroda Q2 preview: Profit may rise upto 26% Y-o-Y; NIM outlook eyed
Bank of Baroda Q2 preview: Analysts expect net profit to come in anywhere between Rs 3,484.4 crore (up 5.2 per cent Y-o-Y) and Rs 4,178.9 crore (up 26 per cent Y-o-Y)
 "Bank of Baroda Q2 preview: Profit may rise upto 26% Y-o-Y; NIM outlook eyed")
Stocks to Watch: Tata Motors, Adani Green, IEX, Concor, Gujarat Gas, Atul
Stocks to watch on November 3, 2023: Atul's board meeting will be held on November 07 to consider a buyback proposal
 "Stocks to Watch: Tata Motors, Adani Green, IEX, Concor, Gujarat Gas, Atul")
Mamaearth IPO sails through despite falling GMP, low retail interest
At 2:20 PM, the issue was subscribed 5.6 times (5.6x) with QIB portion seeing subscription of 9.4x, followed by Employee portion at 4.34x. Retail investor portion stood at 91 per cent
 "Mamaearth IPO sails through despite falling GMP, low retail interest")
NSE announces timings for Muhurat Trading session 2023; full list here
Muhurat Trading session 2023: NSE announced that the stock market will be open for regular trading between 6:15 PM and 7:15 PM on November 12 on the occasion of Diwali
 "NSE announces timings for Muhurat Trading session 2023; full list here")
Stocks to Watch: Bharti Airtel, L&T, Tata Motors, Ethos, Blue Jet, Mankind
Stocks to watch on November 1, 2023: Bank of Baroda's head of digital lending, Akhil Handa, a techie closely associated with building the mobile banking application 'bob World', has quit
 "Stocks to Watch: Bharti Airtel, L&T, Tata Motors, Ethos, Blue Jet, Mankind")
Analysts flag caution on Mamaearth IPO: Here's why
Mamaearth IPO: Analysts suggest avoiding the IPO as the company's financial performance and growth strategy do not inspire confidence
 "Analysts flag caution on Mamaearth IPO: Here's why")
APL Apollo, Tata Motors, Lodha seen getting added to MSCI indices
An analysis by IIFL Securities, shows APL Apollo could see inflows worth $195 mn from passive trackers, followed by Tata Motors ($134 mn) and Lodha ($128 mn)
 "APL Apollo, Tata Motors, Lodha seen getting added to MSCI indices")
Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh
Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent
 "Sensex slides 238 pts, Nifty below 19,100; pvt banks, Airtel, RIL weigh")
BS BFSI Summit: India is world's best growth story, says Christopher Wood
Markets may correct 25% if BJP loses in 2024: Chris Wood at BS BFSI Summit
 "BS BFSI Summit: India is world's best growth story, says Christopher Wood")
Mahanagar Gas soars 7% as PAT more-than-doubles in Q2, margins expand
Ebitda margin stood at 30.5 per cent in the Q2FY24 as compared to 16.2 per cent in Q2FY23
 "Mahanagar Gas soars 7% as PAT more-than-doubles in Q2, margins expand")
Gold jumps by Rs 10, silver unchanged, trading at Rs 74,600 per kg
The price of 22-carat gold also rose by Rs 10, with the yellow metal selling at Rs 57,410
Sluggish volumes likely to cap upsides in Colgate-Palmolive stock
While the stock is up 44 per cent from its lows in January this year, further gains will depend on its ability to sustain higher growth rates
 "Sluggish volumes likely to cap upsides in Colgate-Palmolive stock")