Page 84 - Market News

Gland Pharma rides high on valuation comfort, strong growth prospects

Target prices post brokerage upgrades point to more upsides

India-focused funds on road to raising around $9.8 bn in CY22: Data

While $9.8 billion is the target for the year, about 18 India-focused funds have already raised $1.74 billion. But what is more substantial is the fact that Asia-focused dry powder is $173.4 billion

More stocks stare at hitting 52-week lows as investor sentiment weakens

An average 267 stocks hit their 52-week lows every day last week on the BSE as the rout took key benchmark gauges to multi-month lows

Flight of FPIs continues; equities worth Rs 31,430 crore sold in June yet

Aggressive rate hike by the US Federal Reserve, coupled with elevated inflation and high valuation of equities continued to keep foreign investors at bay from the Indian stock market

India exits $3-trillion m-cap club; falls to sixth in global league

Market rout, FPI sell-off shaves off $676 billion m-cap; country now at sixth spot globally, behind Saudi Arabia

India's foreign exchange reserves decline $4.6 billion to $596 billion

RBI has been selling dollars to curb any rapid depreciation of the rupee

'Markets have not hit the bottom yet; select banks, autos attractive'

Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities

Top Headlines: WTO members reach deal, advance tax collection up 48% in Q1

The members of the World Trade Organization (WTO), for the first time in a decade, finalised a historic deal at 12th Ministerial Conference (MC12). Read more in our top headlines

Market may fall further to compensate for sharp rise in bond yields

The equity and the bond market are joined at the hip through respective yields on both instruments

Debt mutual funds see Rs 32,722-cr outflow in May on rising interest rates

Mutual funds focused on investing in fixed-income securities witnessed a net outflow of Rs 32,722 crore in May in the wake of Reserve Bank of India (RBI) stance on monetary policy turning hawkish

Investors lose Rs 1.2 trn as LIC shares tumble 20% below issue price

Those investors who had put their money in LIC IPO had experienced a heavy depreciation in their portfolio, as the shares of the insurance major have been tumbling ever since its exchange listing

Stocks to watch: ITC, LIC, BPCL, Bharti Airtel, IOC, DLF, IGL, Zydus Life

Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.

Gold hovers near 2-1/2-month low; investors focus on Fed rate decision

Spot gold was flat $1,863.16 per ounce by 1144 GMT, after touching its lowest since Feb 16 of $1,849.90 earlier.

Corporate misgovernance in India

NSE has blotted its record even with separate chairman and managing director roles

Markets may face volatility this week amid derivatives expiry: Analysts

Equity markets may face volatility this week amid monthly derivatives expiry, and global trends along with the ongoing quarterly earnings by corporates would continue to play a major role in trading movement, analysts said. Markets would also keenly track foreign fund movement amid unabated outflows. "It is expected that this week will also kick off on a sombre note on the back of sharp fall in the US market on Friday after hawkish commentary by the US Fed and weak earnings. The global cues may dominate this week along with April month F&O expiry and Q4 earnings. "In terms of Q4 earnings, market will react to the results of ICICI Bank on Monday while HDFC Life, Bajaj Auto, HUL, Ambuja Cement, Axis Bank, Bajaj Finserv, Vedanta, IndusInd Bank, Maruti Suzuki, Ultratech Cement and Wipro will be other key results which are scheduled this week," said Santosh Meena, Head of Research, Swastika Investmart Ltd. FIIs are continuously selling in the Indian equity market and their behaviour ...

Demat account tally jumps 63% to 89.7 million in FY22, shows data

Experts say, however, that pace of additions may moderate going ahead

Work piles up at Sebi as 2 whole-time member posts continue to lie vacant

The Appointments Committee of the Cabinet (ACC) approved the appointment of Ashwani Bhatia as a WTM in March, however, his joining has been delayed.

Stock markets tumble for third straight day amid inflationary pressures

The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93

Sebi to auction 15 properties on May 11 to recover investors' money

Capital markets regulator Sebi on Wednesday said it will auction the properties of Sun Plant Agro, Sun Plant Business and Remac Realty on May 11 to recover money that was illegally raised from the public. It will auction a total of 15 properties of these three firms for reserve prices ranging from Rs 19 lakh to Rs 1.7 crore. Out of the 15 properties, nine belong to Sun Plant Business, four relate to Sun Plant Agro and the remaining two belong to Remac Realty. These properties include land parcels and flats spread across West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids for the sale of assets under the recovery proceedings against the three firms and their directors, Sebi said the auction will be conducted online on May 11 from 10.30 am to 12.30 pm. Adroit Technical Services has been appointed as the e-auction service provider. The regulator has asked the bidders to make their own independent enquiries regarding the encumbrances, title

Sebi comes with new guidelines to evaluate risk value of gold

The annualised volatility will be computed quarterly based on past 15 years' prices of benchmark index of a commodity