Page 400 - Markets

Mahindra CIE surges 9%, hits 52-week high after large block deal

As per media sources, M&M was looking to sell its residual 3.2% stake in MCIE via the block deal mechanism on stock exchanges today

Stocks to Watch today, May 24: Adani Group, Max Health, Biocon, Manyavar

Stocks to watch on May 24, 2023: Cummins, Hindalco, India Cements, LIC, National Aluminium, Nykaa and Oil India among prominent companies scheduled to announce Q4 results on Wednesday.

Nifty50 index needs to break above 18,500 for fresh breakout

On the downside, 18,100 is expected to provide support in Nifty

Spicejet shares tumble nearly 14%; hit 52-week low during intra-day trade

Shares of SpiceJet tumbled nearly 14 per cent on Tuesday, falling to its 52-week low level in intra-day trade, as investors continued to desert the counter. The stock tanked 13.93 per cent to close at Rs 24.16 apiece on the BSE. During the day, it plummeted 19.30 per cent to its 52-week low of Rs 22.65. In volume terms, 159.09 lakh shares of the company were traded at the BSE. The stock has been falling since May 16 (Tuesday), declining nearly 20 per cent. The airline, which completed 18 years of operations on Tuesday, is facing financial headwinds and has undertaken a "restructuring exercise" to further reduce the liabilities. In the equity market, the BSE benchmark ended with a gain of 18.11 points or 0.03 per cent at 61,981.79. On May 11, SpiceJet said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with USD 50 million. The statement had come in the backdrop of a lessor filing an insolvency resolution plea aga

Sebi tweaks method for calculating Settlement Guarantee Fund in commodity

Capital markets regulator Sebi on Tuesday revised the methodology for clearing corporations with regard to computation of core Settlement Guarantee Fund corpus in commodity derivatives segment. A core Settlement Guarantee Fund (SGF) is a corpus used for settlement of trades during defaults and all intermediaries -- stock exchanges, clearing corporations and brokers -- contribute towards it. Sebi received representations from clearing corporations that in light of the turnover and the open interest observed at the stock exchanges in the recent times, the target corpus level prescribed in 2018 need to be reviewed and methodology for computation of core SGF corpus in commodity derivatives segment. In its circular, the regulator said that the clearing corporations in commodity derivatives segment can now align their core SGF in terms of its framework issued in August 2014 and July 2018 and excess contribution may be returned to the contributing stakeholders on a pro-rata basis, after ..

SpiceJet tanks 19%, crashes to near 8-year low on heavy volumes

Average trading volumes on the counter jumped over eight-fold with around 11.47 million equity shares, representing 1.9 per cen of total equity of SpiceJet changing hands on the BSE till 01:50 pm

OMCs extend gains on improved operational performance; IOC hits 52-wk high

In the past six months, IOCL (up 28%), HPCL (up 22%) and BPCL (up 19%) have outperformed the benchmark S&P BSE Sensex index

Divi's Lab surges 10% in two days on strong revenue growth guidance

The stock was quoting at its highest level since February 1, 2023 and has recovered 25 per cent from its 52-week low of Rs 2,730, touched on March 14, 2023

Analysts see upto 38% upside in IndiGo; suggest tracking costs, airfare cap

Reports suggest that a parliamentary panel has summoned private airlines to discuss rising airfares

Adani Group shares extend rally; Adani Enterprises zooms 42% in 3 days

Adani Wilmar was locked in the 10% upper circuit, while, Adani Transmission, Adani Green Energy, Adani Total Gas, and NDTV were locked in 5% upper circuit for the second straight day

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

Nifty Pvt bank index is consolidating; track these levels for next big move

If the index manages to surpass 22,480 and 22,650, it could indicate a bullish breakout.

Sebi proposals to deal with suspicious trading will curb fraud: Experts

Markets watchdog Sebi's proposed regulatory framework to deal with unexplained suspicious trading patterns will help in detecting activities involving evasive tactics like the use of mule accounts, complex entity structures, and encrypted communication, experts said on Monday. The proposed framework would be a major step in bringing the perpetrators under the law and will help protect the interest of investors at large against such practices, Shrey Jain, Founder and CEO of SAS Online, said. Last week, Sebi proposed a new regulatory framework, wherein a person or group of connected persons exhibiting an unexplained suspicious trading pattern -- repetitive abnormal gainful dealings in a security or a set of securities, around the presence of material non-public information -- would be deemed to be violating the securities laws, unless they are able to effectively rebut the said presumption. According to Sebi's consultation paper, a repetitive pattern of trading activity by a person or

Sebi moots proposal to strengthen investor grievance mechanism SCORES

Capital markets regulator Sebi is looking to strengthen the investor grievance handling process through the SCORES system and integrate the same with the online dispute resolution mechanism. The proposal is aimed at making the entire redressal process of grievances in the securities market comprehensive by providing an end-to-end solution and the process more efficient and faster by reducing timelines and introducing auto-routing and auto-escalation. Also, the suggestion has been provided for two levels that the investor can opt for, plus the option for referral to the online dispute resolution (ODR) mechanism recently approved by Sebi. In its consultation paper on Friday, Sebi suggested that complaints about market price manipulation, insider trading and accounting manipulation by listed companies that are currently being auto-closed should be excluded from the SCORES platform and a separate portal for market intelligence should be created for this purpose. In case the investors .

HFCL receives purchase orders up to Rs 222 crore for supply of OFC

The shares of HFCL Limited ended marginally higher at Rs 65.21 on BSE

Jet Airways, SpiceJet hit 52-week lows, slip up to 10% in firm market

Shares of Jet Airways declined 5 per cent as uncertainty continued over the revival of the grounded air line company

Protect small investors against profiteering by short-sellers

Targeted short selling like the Hindenburg-Adani episode is relatively new in India, and has serious repercussions for small investors that need to be taken care of

TCS up 1% as consortium bags Rs 15,000-cr order from BSNL for 4G deployment

Tejas Networks Ltd, too, is a part of the TCS-led consortium which has bagged APO for 4G deployment

Balaji Amines tanks 19%, hits 52-week low on weak Q4 results

Hemanth Reddy Gaddam has also resigned as whole-time director & CFO of the company with effect from closing hours on May 2023 to focus on its subsidiary Balaji Speciality Chemicals

Stocks to Watch today, May 22: Adani Group, Realty, NTPC, Zomato, Zee Ent

Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.