Page 396 - Markets

Heavy volumes lift Ashok Leyland 6%; investors pin hopes on better margins

The management expects margins to remain in double digits in FY24E on the back of pricing discipline, softening in commodity prices, and operating leverage gains

RK Forgings, Titagarh Rail hit record highs; stocks zoom up to 93% in CY23

Their consortium has won contract to supply 1.54 million forged wheels under Atmanirbhar Bharat Initiative by Ministry of Railways

F&O Strategy for Biocon: HDFC Securities recommends a Bull Spread

The stock price of Biocon has broken out on the daily chart with higher volumes where it closed at highest level since June 7, 2023

There two NSE indices look bullish on charts amid market volatility

Considering the bullish trend in the Nifty Energy Index, the recommended trading strategy would be to buy on dips

TMS Ep456: PLI course correction, HNI exodus, markets, dark patterns

What course correction does the PLI scheme need? Why are millionaires deserting India? Can Indian markets stay immune to US Fed's hawkish pause? What are dark patterns? All answers here

Markets dip as US Federal Reserve signals more interest rate hikes

US central banks pauses rate increase but signals two more hikes later this year

Sensex sheds 311 pts on Fed rate hike scare; banks, IT shares wither

CLOSING BELL ON JUNE 15, 2023: The weekly Nifty and Bank Nifty options expiry pressure saw the NSE benchmark drop 0.4 per cent, while the latter tumble 1.2 per cent.

Varun Beverages trades ex-date for 1:1 stock split, soars 7% in muted mkt

VBL said stock split will enhance liquidity of the company's equity shares and encourage participation of small investors by making equity shares of the company more attractive to invest

IDFC First Bank at over 6-yr high; zooms 47% in 2 months on stable outlook

In the past two months, the stock of IDFC First Bank has zoomed 47 per cent on a stable outlook

Nifty Pharma index may correct in near-term, downside target seen at 12,700

The Nifty Pharma Index is currently trading at a CMP of 12,976.80. The index is expected to undergo a consolidation phase with a negative bias

Sensex rises for 3rd straight day, up 85pts ahead of Fed outcome; RIL leads

CLOSING BELL ON JUNE 14, 2023: Sectorally, the BSE Metal index surged 1.6 per cent. The Energy and Oil & Gas indices were also up nearly a per cent each.

Metals, FMCG stocks lift Indian stock market ahead of US Fed decision

The blue-chip Nifty 50 index closed 0.21% higher at 18,755.90, while the benchmark S&P BSE Sensex rose 0.14% to 63,228.51

Sebi may not waive holdings rule for MFs post HDFC Bank, HDFC merger

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security

Sebi issues notices to 4 entities in Fortis Healthcare fund diversion case

Capital markets regulator Sebi sent notices last week to four entities asking them to pay Rs 4.56 crore within 15 days in Fortis Healthcare's case of fund diversion and misrepresentations to conceal the fraud. In addition, the regulator warned of attachment of assets and accounts if they fail to make the payment within the stipulated time. The four entities that received notices are -- Fortis Global Healthcare, RHC Finance, Shimal Healthcare and ANR Securities. The demand notices came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in May 2020. In four fresh notices dated June 9, Sebi directed them to pay Rs 4.56 crore, which includes interest and recovery cost, within 15 days. In the event of non-payment of dues, the regulator will recover the amount by attaching and selling their moveable and immovable properties. Besides, they will face attachment of their bank accounts. Also, the regulator takes the route of arrest

Paytm hits 52-week high; surges 20% in 6 days on BofA's 'buy' call

Paytm has kicked off the current year on a high note, witnessing a remarkable upturn in its business performance

Heranba Ind up 16% as Gujarat Pollution Control Board revokes closure order

Gujarat Pollution Control Board (GPCB) had ordered closure of Vapi plant in May 2023

Tata Consumer hits record high; rallies 5% on positive growth outlook

Analysts at ICICI Securities believe the India business (food & beverage) would continue to dominate with higher growth from newer segments

Clean energy a $2 trillion opportunity for RIL: Bernstein report

RIL could potentially achieve around $10 billion of revenue from new energy business in 2030

Sangam India zooms 18% on heavy volumes on stable outlook

Around 1 million shares, representing 2 per cent of total equity of SIL, changed hands on the BSE in the first hour of trade

Vodafone Idea zooms 10% amid report of Rs 14,000-crore fund raise plan

As per a report, promoters Aditya Birla Group (ABG) and UK's Vodafone Group Plc could infuse Rs 14,000 crore in the company