Page 76 - Market News

Govt clears ex-Standard Chartered banker as Sebi whole-time member

The appointment is for three years for a position vacant since November 2021

Consumer durables firms may have to wait until Q3 to find their sea legs

Hypercompetition, high-cost inventory, and volume-over-margins delay gains

Global market trends, macro data to guide domestic stocks in this week

Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said. Markets may face volatile trends on Monday after Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole on Friday. "Powell sounded ultra hawkish in his brief speech at Jackson Hole. Markets will be concerned about the tight monetary conditions persisting longer than expected. The near-term impact on equity markets will be negative," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Federal Reserve Chair Jerome Powell delivered a stark message on Friday: The Fed will likely impose more large interest rate hikes in the coming months and is resolutely focused on taming the highest inflation in four decades. "US Fed statement post the Jackson Hole symposium indicated the central bank's strong commitment towards controlling inflation o

Crypto wrap: Expect high volatility as inflation still a worry, say experts

Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally

Global bond inflows to emerging Asian markets signal shift in outlook

In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million

Stocks to watch: NDTV, RIL, Canara Bank, Tata Motors, NTPC, NHPC, Hindalco

Stocks to watch today: Adani Group plans to buy 29.18 per cent stake in NDTV; Canara Bank plans to raise up to Rs 3,500 crore via tier II bonds.

Sensex tanks 872pts, Nifty gives up 17,500 amid global sell-off; ITC shines

CLOSING BELL: Tata Steel fell over 4 per cent, while Asian Paints, Wipro, L&T, Bajaj twins, Ultratech Cement, Axis Bank, Sun Pharma, Tech M, ICICI Bank, & SBI declined in the range of 2-3.5 per cent

M-cap of five of top 10 firms declines Rs 30,737.51 cr, RIL biggest loser

Five of the top-10 valued firms together lost Rs 30,737.51 crore in market valuation last week, with Reliance Industries Limited taking the biggest hit. In the holiday-shortened week, the Sensex advanced 183.37 points or 0.30 per cent. While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance were the laggards from the top-10 pack, HDFC Bank, Infosys, Hindustan Unilever, HDFC and Life Insurance Corporation of India (LIC) were the gainers. The valuation of Reliance Industries declined by Rs 12,883.7 crore to Rs 17,68,144.77 crore. The market capitalisation (mcap) of State Bank of India fell by Rs 9,147.73 crore to Rs 4,64,436.79 crore. The valuation of Tata Consultancy Services (TCS) dropped by Rs 5,323.92 crore to Rs 12,38,680.37 crore and that of ICICI Bank by Rs 2,922.03 crore to Rs 6,05,807.09 crore. The mcap of Bajaj Finance dipped by Rs 460.13 crore to Rs 4,42,035.99 crore. On the other hand, the market valuation of Hindustan Un

Global trends, FIIs investment pattern to direct market this week: Analysts

With no major domestic market moving triggers this week, equities would continue to look at global factors, foreign fund movement and trend in the rupee for further direction, analysts said. "This week we have the August month F&O expiry where bulls are looking for rest after a gain in the August series," said Santosh Meena, Head of Research, Swastika Investmart Ltd. "There are not a lot of triggers but global cues, August month F&O expiry, and FIIs' behaviour will be important factors in the direction of the market," he noted. With the quarterly earnings season coming to an end, markets' focus would also move to the movement of the international oil benchmark Brent crude, apart from China-US geopolitical tensions and the Russia-Ukraine conflict. "This week, the scheduled derivatives expiry will keep participants busy. Besides, global cues especially from the US and figures of foreign flows will remain on the radar. Markets may witness consolidation after five weeks of ...

Debt MFs outflow continues; investors withdraw Rs 70,000-cr in Jun qtr

Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due to high inflation and an increasing rate cycle. "In the next (September) quarter, it is safe to assume that monetary conditions will be tighter in terms of lower amount system liquidity and higher regulatory rates, both of which should see further reduction in mutual fund debt corpuses," Sandeep Bagla, CEO Trust Mutual Fund, said. Interest rate will be the major factor to dictate flow in debt mutual funds in coming quarters. Once rates start stabilizing, inflows can be expected, Ankit Yadav, Wealth Manager (USA) & Director of Market Maestroo, said. The latest outflow has pulled down the asset managed by fund managers for debt fixed-income funds by 5 per cent to Rs 12.35 lakh crore at June-end from close to Rs 13 lakh crore at the end of March, data available with the Association of Mutual Funds in ...

Stocks to Watch: GAIL, Sona BLW, ONGC, Natco Pharma, RIL, Airtel, Vodafone

Stocks to Watch: Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar

Top Headlines: India Inc's profits fall; the Big Bull bows out, and more

Corporate earnings grew in double digits during the April-June 2022 (Q1FY23) quarter but the momentum waned

Page Industries shares hit 52-week high on strong Q1 earnings

Shares of Page Industries hit a 52-week high in morning trade on Friday after the apparel manufacturer reported a multi-fold jump in the first quarter net profit

Stocks to watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India

Stocks to watch today: LIC, ONGC, HAL will report their June quarter results (Q1FY23) on Friday, August 12; NMDC hikes prices of lump iron ore by Rs 200 a tonne and fines by Rs 100 a tone.

'Worst likely over' for emerging Asian currencies as US Fed hike bets ease

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar

HDFC executes unusual trade to hedge borrowings against interest rate risk

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation

Letting ED add its chilling effect to crypto winter will kill the industry

A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai

Stocks to watch: Eicher Motors, Tata Consumer, Coal India, BoB, IRCTC

Stocks to watch today: Apollo Hospitals, Trent, Aurobindo Pharma will report their June quarter results (Q1FY23) on Thursday, July 11; Bank of Baroda raised their MCLR rate by 5-20 bps across tenors.

Roll-out of 5G tech will map Bharti Airtel's stock trajectory: Analysts

Investors need to stay vigilant as payback from 5G is still unclear (across telcos globally), and may put pressure on tariff hikes, analysts cautioned

Shree Cement 'very bullish', setting up new factories: MD Bangur

Adani Group's entry in sector creates competition but doesn't change sector's plans radically, he says