Page 384 - Markets
RBI policy: Rate sensitives mixed; private banks, auto stocks underperform
At 11:01 AM, Nifty Bank and Nifty Financial Services index were down 0.65 per cent as compared to 0.50 per cent decline in the Nifty 50 index
 "RBI policy: Rate sensitives mixed; private banks, auto stocks underperform")
PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip
The selling in PB Fintech (Policybazaar) shares, analysts feel, is overdone as the owner of the online insurance portal remains committed to achieving profitability
 "PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip")
Sebi reduces timeline for listing shares to T+3 from T+6 from December 1
The Securities and Exchange Board of India (Sebi) said that with T as the issue-closing date, the securities will now have to be listed on T+3 day versus the current T+6 day
 "Sebi reduces timeline for listing shares to T+3 from T+6 from December 1")
IRCTC Q1FY24 results: Standalone net profit falls 5% to Rs 232 crore
The revenue from operations for Q1FY24 came in at Rs 1,001.78 crore, compared to Rs 852.59 crore year-on-year
 "IRCTC Q1FY24 results: Standalone net profit falls 5% to Rs 232 crore")
Bata Q1FY24 results: Consolidated net profit falls 10% to Rs 106 crore
The total income for Q1FY24 came in at Rs 971.42 crore, compared to Rs 952.3 crore year-on-year
Sensex ends 149 pts up on late buying, Nifty atop 19,600; Steel stocks soar
CLOSING BELL ON AUGUST 09, 2023: The BSE benchmark gained over 600 points from the day's low ; BSE Metal index surged 2.5 per cent; Energy and Consumer Durables indices were up over a per cent each.
 "Sensex ends 149 pts up on late buying, Nifty atop 19,600; Steel stocks soar")
TMSEp494: Station revamp, AI in entertainment, markets, import substitution
What does the revamp of 508 railway stations mean? How's AI disrupting the entertainment world? How did India Inc fare in Q1 earnings season? What is import substitution? Answers here
 "TMSEp494: Station revamp, AI in entertainment, markets, import substitution")
Adani Wilmar slips 5% on report Adani Enterprises looking to exit company
Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, Bloomberg reported
 "Adani Wilmar slips 5% on report Adani Enterprises looking to exit company")
IdeaForge slips 6%, hits lowest level since listing post Q1 results
The stock was quoting lower for the sixth straight day, falling 13 per cent during the period
 "IdeaForge slips 6%, hits lowest level since listing post Q1 results")
SBI's earnings growth may taper off in the near-term, warn analysts
State Bank of India (SBI) stock outlook: Analysts at Nomura termed SBI's sharp NIM decline "disappointing" as the lender's YoY NIM expansion of 31bp significantly trailed private banks.
 "SBI's earnings growth may taper off in the near-term, warn analysts")
Adani Ports Q1FY24 results: Consolidated net profit up 80% to Rs 2,119 cr
The net profit was 85.7 per cent higher as compared to Rs 1,140.97 crore in the quarter that ended on March 31
 "Adani Ports Q1FY24 results: Consolidated net profit up 80% to Rs 2,119 cr")
TMS Ep493: India Inc's recovery, biosimilar regulations, superconductor etc
Is India Inc's recovery too lopsided? Should India relax biosimilar product regulations? Will prices of oil and precious metals sustain their strength? What is a room-temp superconductor? Answers here
 "TMS Ep493: India Inc's recovery, biosimilar regulations, superconductor etc")
Sensex ends 107 pts down post choppy day; PSBs shine, M&M, JSW Steel dip
CLOSING BELL ON AUGUST 08, 2023: The NSE Nifty 50 ended 26 points lower at 19,571. Tech Mahindra, Wipro and Bajaj twins bucked the trend and finished with notable gains on Tuesday.
 "Sensex ends 107 pts down post choppy day; PSBs shine, M&M, JSW Steel dip")
Indian Bank soars 10% on heavy volumes; hits 5-year high in subdued market
The stock hit a 5-year high of Rs 381.40 and has zoomed 35% in two months and is inching towards its record high level of Rs 428 touched in November 2017
 "Indian Bank soars 10% on heavy volumes; hits 5-year high in subdued market")
HPL Electric & Power freezes at 5% upper circuit on Rs 417-crore order win
With this, the total pending order book pipeline now stands at Rs 2,267 crore
 "HPL Electric & Power freezes at 5% upper circuit on Rs 417-crore order win")
Gland Pharma freezes at 20% upper circuit on strong June quarter show
The firm's gross profit margin was up 700 bp year-on-year (YoY) to 63 per cent for Q1 due to lower raw material costs. On a sequential basis, gross profit margin improved by 900 bp from 54 per cent
 "Gland Pharma freezes at 20% upper circuit on strong June quarter show")
Godrej Ltd Q1FY24 result: Consolidated net profit falls 7% to Rs 318 crore
The revenue from operations for Q1FY24 came in at Rs 3,448.91 crore, compared to Rs 3,124.97 crore year-on-year
Sebi plans changes to force disclosures from conglomerates, unlisted firms
The Securities and Exchange Board of India (SEBI) plans to review and standardise disclosures in public offer documents issued by private and listed companies
Orient Cement hits 52-week high on heavy volumes; zooms 25% in 3 days
The upward movement in the stock price of the CK Birla Group company has been seen after Ambuja Cement successfully acquired Sanghi Industries in a deal valued at Rs 5,000 crore
 "Orient Cement hits 52-week high on heavy volumes; zooms 25% in 3 days")
Top headlines: Mkts to focus on Q1 earnings, insurgent held in Manipur
Business Standard brings you the top headlines at this hour
 "Top headlines: Mkts to focus on Q1 earnings, insurgent held in Manipur")