Page 416 - Markets

PMS benchmarking norms: Industry players seek three-month extension

Cites technological and compliance challenges ahead of April 1 deadline

Ahead of searing summer, analysts bet on consumer appliance stocks

Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures

Gujarat Pipavav Port nears 52-week high; stock surges 18% in one month

The stock was up 4% to Rs 108.85, and was trading close to its 52-week high level of Rs 109.35 touched on December 30, 2022

Softbank may sell Delhivery shares worth Rs 600 cr via block deals: Report

Softbank held a stake of 18.42 per cent in Delhivery via its subsidiary Svf Doorbell (Cayman) Ltd

Sensex, Nifty post eighth straight fall in longest losing streak in 4 years

Indices down 4% in eight sessions; rising inflation data in Europe sees bond yields soar, putting pressure on global equities

India's private equity investment declines by 23.4% in 2022, says S&P

(Reuters) - Private equity (PE) investments in India dropped 23.4% in 2022 from a year earlier, a report from S&P Global Market Intelligence showed on Tuesday.

Cipla falls 4%, nears 52-week low on concerns of product launch delay in US

In the past seven trading days, the stock has dipped 11% after the United States Food and Drug Administration issued Form 483 with 8 observations for the company's Pithampur manufacturing facilities

Triveni Turbine soars 10% to hit new high on healthy revenue growth outook

Till 01:56 pm; a combined 10.14 million shares, representing 3.2 per cent of the total equity of the company, had changed hands on the NSE and BSE

Select Adani group shares rally; Adani Enterprises jumps 29% from day's low

Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%

Vedanta slips 9%, hits four-month low amid heavy volumes

Growth capex, along with moderation in operating profitability, and higher than expected dividend payout is expected to result in increased leverage this fiscal

Foseco India surges 9%, hits over 5-year high on strong Dec quarter results

The company's board recommended a total final dividend of Rs 40 (400%) per share, including a one-time special dividend of Rs 15 (150%)

ITC's climb to all-time high shows Indian investors searching for stability

ITC's climb has accelerated this month, as Hindenburg Research's allegations against the Adani Group has made Adani Enterprises and Adani Ports & Special Economic Zone the index's worst performers

Fabindia withdraws $482 million IPO due to rough market conditions

Fabindia said it has withdrawn its $482.43 million IPO due to rough market conditions, becoming the latest company to shelve listing plans as interest rate worries pressure stock markets

LIC extends losing streak to 7th straight session, hits record low

LIC made stock market debut on May 17, 2022, and is trading 40 per cent below its issue price of Rs 949 per share

Paytm advances 5% on report that Sunil Mittal is eyeing stake in company

Meanwhile, Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, the Bloomberg reported

Uflex down 25% in 1 wk on tax raid report, hits lowest level since May 2021

Shares of Uflex India tumbled 15 per cent to Rs 366 on the BSE in Monday's intra-day trade

Sell-off spree continues in FPIs; withdraw Rs 2,300-cr from equities in Feb

Foreign investors have turned cautious and pulled out Rs 2,313 crore from Indian equities so far this month ahead of the release of Federal Reserve's latest meeting minutes. However, the pace of selling has come down compared to January, when Foreign Portfolio Investors (FPIs) took out Rs 28,852 crore. This was also the worst outflow in the last seven months, data with the depositories showed. Prior to that, they made a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said rising rates in the US might lead to more capital outflows from emerging markets including India. According to the data, FPIs withdrew a net amount of Rs 2,313 crore from Indian equities during February 1-24. "FPIs turned cautious ahead of the release of the minutes of FOMC meeting and on the back of series of disappointing economic data in the US, indicating slow pace of moderation in inflation. This fann

Nine of top 10 firms lose Rs 1.87 trn in mcap; HDFC Bank, RIL hit hard

Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities. Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows also dented investor sentiments. Barring ITC, all 10 firms, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, were the laggards. HDFC Bank's valuation declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore at close on Friday. The market valuation of Reliance Industries fell by Rs 36,567.46 crore to Rs 16,14,109.66 crore. The valuation of TCS tumbled Rs 36,444.15 crore to Rs 12,44,095.76 crore and that of HDFC tanked Rs 20,871.15 crore to Rs 4,71,365.94 crore. The market capitalisation (mcap) of ICICI Bank fell by Rs 15,765.56 crore to Rs ...

Risks to the market rally are rising; oil stocks a good bet: Chris Wood

Energy-related stocks remain the best hedge against a Ukraine-triggered spike in energy / oil prices, Wood said

Adani firms continue to fall; some hit lower circuit intra-day trade limits

Most of the Adani Group firms continued to remain weak on Friday amid an overall bearish trend in the equity market. The stock of Adani Transmission fell 5 per cent, Adani Green Energy slipped 5 per cent, Adani Total Gas (5 per cent) and Adani Enterprises (4.98 per cent) on the BSE. Shares of Adani Power dipped 4.98 per cent, NDTV dropped 4.05 per cent and Adani Wilmar went lower by 3.35 per cent. However, Ambuja Cements advanced 2.45 per cent, Adani Ports climbed 1.24 per cent and ACC (0.03 per cent). Shares of eight Adani Group firms out of the ten listed entities had ended in the negative territory on Thursday. Adani Group firms had fallen sharply on Wednesday, with all the listed firms ending in the red. On Friday, the BSE Sensex fell 141.87 points or 0.24 per cent to settle at 59,463.93. In a bearish trend, the BSE benchmark has tumbled 1,855.58 points or 3 per cent since February 16. Adani Group stocks have taken a beating on the exchanges after US-based short seller Hinden