Page 89 - Market News
Bull run pushes market valuations to 10-year high; Nifty ends at 10,800
After 5 consecutive days of gains, the Nifty 50 index on Tuesday ended at 10,800, its highest close since March 6-before India imposed lockdowns and the economic went through a virtual halt
 "Bull run pushes market valuations to 10-year high; Nifty ends at 10,800")
Shriram Transport Finance okays rights issue to promoters for Rs 1,500 cr
The issue has been fixed at Rs 570 per share, including premium of Rs 560 per rights equity share, it said
 "Shriram Transport Finance okays rights issue to promoters for Rs 1,500 cr")
Fundamentally sound stocks are available at inexpensive valuation: S Naren
"Investors have realised the trouble in the debt markets is not systemic and it has been business as usual for fund houses with good quality underlying debt paper," Naren said
 "Fundamentally sound stocks are available at inexpensive valuation: S Naren")
Most stocks making positive contribution a healthy sign for market: Experts
During the June quarter, all the Nifty 50 components, but four posted gains. Market players said most stocks making positive contribution is a healthy sign for the market
 "Most stocks making positive contribution a healthy sign for market: Experts")
Street signs: Market trend remains bullish, low float, higher price & more
Technical analysts say the Nifty has formed a bullish pattern on the weekly charts and is headed towards 10,700-10,800, which is a key resistance zone
 "Street signs: Market trend remains bullish, low float, higher price & more")
Shriram Transport to tap market after a decade, plans Rs 1,500 cr rights
Sources said issue may be launched July-end or first week of August; eight merchant bankers have been shortlisted
Agri demand gives tyre maker Balkrishna Industries firm grip in FY21
Gain in market share, strong balance sheet are other positives
 "Agri demand gives tyre maker Balkrishna Industries firm grip in FY21")
RIL flexes muscle in benchmark indices, stock now makes up 15% of Sensex
Price more than doubles from March lows, when it accounted for 9.2%
 "RIL flexes muscle in benchmark indices, stock now makes up 15% of Sensex")
Investors to monitor geopolitical developments, Covid-19 trends: Analysts
According to analysts, besides stock-specific action, trend in global markets, and foreign fund movement would also dictate sentiments
 "Investors to monitor geopolitical developments, Covid-19 trends: Analysts")
Running on 'hopium': Explaining the market rally in Wall Street's terms
'Every time the stock market starts to sell off, the Federal Reserve responds with some accommodative policy,' said Mike O'Rourke, chief market strategist at JonesTrading
 "Running on 'hopium': Explaining the market rally in Wall Street's terms")
BSE to introduce LES in gold mini, silver kilo from July 6 to boost trade
Under the LES, brokers and other market intermediaries are given incentives for a specified period of time to bring in and generate investor interest in securities that have limited trading activity
 "BSE to introduce LES in gold mini, silver kilo from July 6 to boost trade")
India Cements stock up by more than 6% on Damani takeover buzz
Damani, the owner of Avenue Supermarts Ltd., has informally reached out to the cement manufacturer's controlling shareholder, N. Srinivasan, to explore a takeover, the report said
 "India Cements stock up by more than 6% on Damani takeover buzz")
Traders advise caution as retail activity in F&O segment picks up
Market participants say heightened volatility in markets is attracting investors to take advantage of sharp swings, but only few will end up making money
 "Traders advise caution as retail activity in F&O segment picks up")
Sebi panel suggests measures to strengthen enforcement, recovery mechanism
The committee headed by former Supreme Court Judge Anil Dave has proposed a method of quantification of profit made by the defaulter and loss caused to investors
 "Sebi panel suggests measures to strengthen enforcement, recovery mechanism")
Covid-19 crisis: MFs invest Rs 1,230 cr in equities during lockdown
In the entire month of March, MFs made an investment of over Rs 30,000 crore on attractive valuations as many stocks hit their 52-weeks lows
 "Covid-19 crisis: MFs invest Rs 1,230 cr in equities during lockdown")
Silver surges 3% to trade at Rs 50,000 a kg, its highest in over six years
Investors booked white precious metal as an alternative to gold amid expectation of an spurt in demand with gradual opening up of economy from an eight-week nationwide lockdown
 "Silver surges 3% to trade at Rs 50,000 a kg, its highest in over six years")
GSK Pharma: Near term headwinds may keep stock prices under pressure
April sales were the worst among top drug players
 "GSK Pharma: Near term headwinds may keep stock prices under pressure")
Four of top-10 companies add Rs 1.12 trn in m-cap; TCS, Airtel, ITC shine
ITC's valuation jumped Rs 26,735.6 crore to Rs 2,29,065.73 crore and that of Bharti Airtel climbed Rs 21,222.12 crore to Rs 3,23,514.55 crore
Global cues, earnings, Covid updates to set market trend next week: Experts
Markets will be closed on Monday for 'Id-Ul-Fitr'
 "Global cues, earnings, Covid updates to set market trend next week: Experts")
Benchmark bond yield rises sharply after govt plans to hike borrowing
Traders said yields could rise further in the absence of any immediate support from the central bank in the form of an open market calendar