Page 56 - Market News
AMC stocks surge on buzz of new TER proposals; HDFC AMC goes up 4.5%
However, Sebi announced in June that it was re-evaluating these plans, citing industry-provided data
 "AMC stocks surge on buzz of new TER proposals; HDFC AMC goes up 4.5%")
Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000
Closing Bell on July 20: The market discovered price of Jio Financial Services as Rs 261.85 per share, much higher than estimates
 "Markets end at record closing highs; Sensex tops 67,500, Nifty nears 20,000")
Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine
Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day
 "Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine")
Sponsor banks draw the highest commission from large mutual funds
Rise in distribution commissions outpaces MF industry's asset growth in FY23
 "Sponsor banks draw the highest commission from large mutual funds")
At Rs 19.1 trillion m-cap, RIL creates record; shares touch lifetime high
Shares rise nearly 1% to end at Rs 2,822; from a low of Rs 2,201 in 2023, RIL's stock has added over 28%; gains come ahead of demerger with its financial services arm JioFin
 "At Rs 19.1 trillion m-cap, RIL creates record; shares touch lifetime high")
Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%
CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732
 "Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%")
Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts
Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent
 "Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts")
Utkarsh Small Finance Bank IPO: Should you subscribe to the lender's offer?
Utkarsh Small Finance IPO: The price band for the issue, which runs between July 12 and July 14, has been fixed as Rs 23-25 per share
 "Utkarsh Small Finance Bank IPO: Should you subscribe to the lender's offer?")
Active MF schemes regain lost glory in 2023, outperform benchmarks
Five active large-cap schemes have delivered double-digit returns during H1 and 22 others have delivered gains of more than 6.6 per cent
 "Active MF schemes regain lost glory in 2023, outperform benchmarks")
Sensex ends range-bound session 274 pts up; financials weigh, IT, RIL gain
CLOSING BELL ON JULY 11, 2023: The NSE Nifty ended 84 points or 0.4 per cent higher, while the Bank Nifty and Nifty Financial Services declined 0.2 per cent and 0.4 per cent, respectively on Tuesday.
 "Sensex ends range-bound session 274 pts up; financials weigh, IT, RIL gain")
HCL Tech revenue, profit may rise 15% YoY in Q1FY24; ER&D segment to be hit
HCL Tech Q1FY24 result: On a QoQ basis, its Q1 revenue may grow 1 per cent while net profit could drop 4 per cent
 "HCL Tech revenue, profit may rise 15% YoY in Q1FY24; ER&D segment to be hit")
Kalyan Jewellers extends rally on strong Q1 biz update; zooms 59% in 1 mth
In the past week, the stock has rallied 18 per cent after the company reported over 30 per cent consolidated revenue growth for the June quarter (Q1FY24)
 "Kalyan Jewellers extends rally on strong Q1 biz update; zooms 59% in 1 mth")
Gold price fell Rs 100, silver prices up Rs 100, touches Rs 73,400/kg mark
Gold-Sliver price today: The price of ten grams of 22-carat gold dropped by Rs 100 to Rs 54,450
 "Gold price fell Rs 100, silver prices up Rs 100, touches Rs 73,400/kg mark")
There's more pain ahead for S&P 500 as profit warnings loom, say investors
The biggest negative for the earnings season will be the impact of further tightening of financial conditions, said 42% of respondents
 "There's more pain ahead for S&P 500 as profit warnings loom, say investors")
Sensex sinks 505 pts, Nifty gives up 19,350 amid global weakness; PSBs soar
Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent
 "Sensex sinks 505 pts, Nifty gives up 19,350 amid global weakness; PSBs soar")
India's demat tally tops 120 mn; June additions highest in 13 months
Benchmarks Sensex and Nifty50 logged fourth straight monthly gain in June, their longest since October 2021
 "India's demat tally tops 120 mn; June additions highest in 13 months")
Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL
Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24
 "Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL")
Gold price unchanged at Rs 59,060, silver rises Rs 500 to Rs 72,200
The price of 22-carat gold was also unchanged at Rs 54,150
 "Gold price unchanged at Rs 59,060, silver rises Rs 500 to Rs 72,200")
Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE
Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index
 "Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE")
Tata Comm: Upsides in stock limited given execution challenges, valuations
Sharp rally and integration/execution challenges may cap upsides for the stock
 "Tata Comm: Upsides in stock limited given execution challenges, valuations")