Page 81 - Market News

Broadcast resumes normally after prices stopped updating in 2 indices: NSE

The National Stock Exchange (NSE) on Monday said broadcast has resumed normally in Nifty and Bank Nifty indices after the prices had stopped updating in the two indices.

Investors' wealth tumbles over Rs 5.91 trillion in morning trade

Investors' wealth tumbled over 5.91 lakh crore in morning trade on Monday tracking heavy decline in equities amid intensifying conflict between Russia and Ukraine. Continuing its decline for the fourth day on Monday, the BSE gauge plummeted 1,735.98 points or 3.19 per cent to 52,597.83, tracking weak global equities and elevated crude oil prices. In tandem with the heavy plunge in equities, the market capitalisation of BSE-listed companies plunged by Rs 5,91,094.71 crore to Rs 2,40,88,326.67 crore in morning deals. Maruti Suzuki India, Indusind Bank, State Bank of India and Axis Bank emerged as the biggest drag from the 30-share BSE Sensex pack, tanking up to 6.72 per cent. "The extraordinary uncertainty triggered by the war has pushed commodity markets into turmoil. Crude at USD 128 is a big shock. This can impact global growth and aggravate inflationary pressures. Market is slipping into bearish territory," according to V K Vijayakumar, Chief Investment Strategist at Geojit ...

As markets sink, NSE says key index prices not updating intermittently

Prices of two key indices of NSE were not updating intermittently on Monday, the country's largest bourse said, amid plummeting markets as investors spooked by a sharp rise in oil prices

Investors' wealth tumbles Rs 86,742 cr as stocks plunge amid Ukraine crisis

Investors' wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine.

Sebi proposes to allow FPIs to participate in commodity derivatives market

Markets regulator Sebi has proposed allowing foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives market.

Investors' wealth jumps over Rs 7.7 trn as Sensex snaps 7-day losing streak

Investors' wealth on Friday jumped over Rs 7.72 lakh crore as the broader market clawed back some of its lost ground

CBI questions ex-NSE GOO over abuse of co-location facility by broker

The CBI has questioned former National Stock Exchange group operating officer Anand Subramanian in connection with its ongoing probe into alleged irregularities by a stock broker

Credit risk funds once again back on investors' radar, shows data

After witnessing sharp outflows in 2020, credit risk funds are once again back on investor radar

Street signs: Arbitrage opportunity from TCS buyback, MFI stocks & more

Brokerages are advising their retail clients to buy shares of TCS to gain from the arbitrage opportunity created by its Rs 18,000-crore buyback

Sensex, Nifty extend losses to 3rd day tracking weak global cues

Equity indices surrendered mid-session gains to close lower for the third day in a row on Friday

US pricing pressure cloud over Indian pharma growth, say analysts

Complex pipeline, execution, and regulatory compliance hold key

A new frontier for regulators

While institutional investors still own roughly the same amount of equity that they did a few years ago, they are now far more vocal

ABCL can break into top 100 club of most-valued listed firms: Analysts

Analysts are upbeat on the long-term prospects of Aditya Birla Capital and have set price targets between 20 per cent and 45 per cent higher than the current market price

Related-party trouble

Seeking shareholder approval would impede normal functioning

Adani Wilmar shares up over 2% after strong Q3 result

Shares of Adani Wilmar on Tuesday pared early gains but managed to close 2% higher after the company posted a 66% jump in consolidated net profit to Rs 211.41 crore for the December 2021 quarter.

Governance breakdown

Sebi order exposes how NSE was run

Sebi cancels registration of 4 stock brokers, 11 depository participants

Markets regulator Sebi on Monday cancelled the registration of four stock brokers and 11 depository participants, including Karvy Stock Broking and Anugrah Stock & Broking. Irrespective of the cancellation of registration certificate, the respective entities will continue to be liable for anything done as depository participant or stock broker and will continue to be responsible for payment of outstanding fees and dues and interest if any, due to Sebi. The directions will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in two separate orders. Sebi said the registration of four stock brokers -- KSBL Securities, Conard Securities, Anee Securities and Credential Stock Brokers -- have been cancelled upon expulsion from the stock exchanges. The exchanges have informed Sebi that brokers were expelled from their membership by them and the same has been communicated to them, the order mentioned. The four entities have ceased to satisfy the ...

Multi-cap schemes seen gaining investor favour in recent months

The 'multi-cap' schemes - that invest at least a fourth of their corpus in large-caps, small-caps and mid-caps - have gained investor favour in recent months

Equity MFs garner Rs 14,889 cr inflows in Jan amid volatility, FPI selloff

The tally was lower than Rs 25,706 cr garnered in December 2021, but is still a respectable number considering there were no large NFOs in January, unlike the previous month

Global stocks follow Wall Street higher after rebound

Global stocks and Wall Street futures rose Wednesday as investors waited for US inflation data for signs of how fast the Federal Reserve might pull back stimulus. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. US inflation data on Thursday are expected to show inflation rose to a four-decade high of 7.3 per cent in January, adding to pressure to control prices. Traders expect the Fed to hike rates at least four times this year, starting next month. Wall Street's rebound "suggests an attempt by the equity bulls to regain some control," Yeap Jun Rong of IG said in a report. Much will depend on the upcoming US inflation data to ease some concerns about tightening ahead. In early trading, the FTSE 100 in London rose 0.6 per cent to 7,612.25 and the DAX in Frankfurt added 0.7 per cent to 15,359.40. The CAC 40 in Paris advanced 0.9 per cent to 7,095.45. On Wall Street, the future for the benchmark S&P 500 index was up 0.3 per cent. That for the Dow Jones ...