Page 427 - Markets

Will India Inc see a turnaround in Q3FY23 results?

Raw material prices are heading south, while a pick-up in credit cycle has also boosted overall sentiment. Will these positive factors provide succour to India Inc's fortunes in Q3 FY23 earnings?

Sensex gains 327 pts in first session of 2023, Nifty nears 18200; RIL up 1%

Closing Bell: Among sectors, the Nifty metal index was the top performer of the day, which jumped 2.4 per cent after global brokerage Jefferies changed its stance on the sector to 'positive'

SML Isuzu hits 20% upper circuit as PV sales more-than-doubles in Dec 2022

The company's passenger vehicles sales more than doubled to 570 units in the month of December 2022, against 218 units sold in last year.

NCC soars 10% on order win worth Rs 3,601 crore in December

A major portion of the orders are from the central government/ state government and central government sponsored schemes, where the counterparty credit risk is minimal

This SME shipping company's stock is up more than 2,900% over issue price

Knowledge Marine & Engineering Works rallied 11% to hit a new high of Rs 1,129.85 after the company received an additional work order of Rs 16.50 crore from Dredging Corporation of India

Canara Bank hits highest level since February 2018; surges 83% in 6 months

In the past one week, it has rallied 10 per cent, as against a marginal 0.40 per cent gain in the S&P BSE Sensex

Stocks to Watch: TCS, Tata Motors, Maruti, Coal India, JSW Group, RITES

Stocks to watch today: Tata Motors reported 10 per cent YoY increase in domestic December sales at 72,997 units as against 66,307 units sold last year

November exports to key markets bounce back after October dip

Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October

China Covid, macro data, global trends to drive markets this week: Analysts

Macroeconomic data announcements, the Covid situation in China and global market cues would guide Dalal Street in the first week of trading in the New Year, analysts said. Markets would also keep a track on rupee movement, Brent crude oil prices and foreign fund investment trends. "As market players attempt to understand the Fed's stance, Indian markets may respond in lockstep with their international counterparts when the Federal Open Market Committee (FOMC) minutes are made public later this week. "Back home, the New Year is poised to begin with auto numbers," said Apurva Sheth, Head of Market Perspectives, Samco Securities. Purchasing Managers' Index (PMI) data for the manufacturing sector to be announced on Monday and services sector on Wednesday will also influence trading in the equity market. "In the near future, the last Budget before the 2024 election, Q4 earnings, and the monthly auto sales number will be the key events that the market will be looking for in January ...

Sebi bans DS Capital Venture, its directors from markets for 3 years

Capital markets regulator Sebi has barred DS Capital Venture and its directors from the securities markets for three years for violating regulatory norms. DS Capital Venture (DS Capital) is registered as an Sebi-investment adviser and its directors are Sanjay Dwivedi, Piyush Kumar Sharma, Deepali Sharma and Abhishek Tiwari. Sebi in May 2019 to January 2020 had received investor complaints against DS Capital. The complaints received on SCORES were sent to DS capital so as to be redressed by it. However, despite sending reminders to the company, it did not redress the complaints. Accordingly, an inspection of DS Capital was approved by the regulator to examine the compliance of IA (Investment Advisers) regulations. In its final order, Sebi said DS Capital failed to redress the investors grievances but is also found to be misleading its clients with respect to their dealing in securities by availing its advisory services, thereby violating PFUTP (Prohibition of Fraudulent and Unfair .

RBL Bank jumps 5% to hit new 52-week high; surges 22% in past one week

The stock has recovered 150 per cent from its record low level of Rs 74.15, touched on June 20, 2022

Equity investors turn richer by Rs 16.36 trn in 2022 despite uncertainties

Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. Analysts attributed better macroeconomic fundamentals, the confidence of retail investors and foreign investors investing again in the domestic equities towards the latter half of 2022 as the key factors that led to the outperformance of the Indian market in comparison to many other stock markets worldwide. During the initial part of the year, markets were jolted by the Russia-Ukraine war. On February 24, when Russia launched its attack on Ukraine, the 30-share BSE Sensex had plunged about 2,850 points before closing at 54,529.91 points, registering a massive fall of 2,702.15 points or 4.72 per cent. In subsequent months, the key index recouped the lost ground and has climbed 2,880.06 points or 4.94 per cent this year till December 29. Sensex touched its all-time high of 63,583.07 points on Decembe

Craftsman Automation soars 9%; hits record high on acquisition of DR Axion

The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies.

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Brent crude futures climbed 44 cents, or 0.5%, to $83.90 a barrel by 0138 GMT after settling 1.2% down in the previous session

Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma

Stocks to Watch: Elin Electronics to debut today, the stock is likely to list on a quiet note.

Organised gold jewellery retailers' revenue to grow 23-25% in FY23: Report

The organised jewellery retailers are expected to witness 23-25 per cent revenue growth this financial year on pent-up demand and recovery in discretionary spending, according to a report. The revenue of organised gold jewellery retailers -- which had jumped 36 per cent in the last fiscal on a low base of the pandemic-marred FY21 -- will grow 23-25 per cent this fiscal as volume grows on pent-up demand and recovery in discretionary spending, Crisil Ratings said in a report on Thursday. However, the report said that in 2023-24, growth will moderate to 8-12 per cent, given the higher base of this fiscal and slower growth in disposable incomes will weigh on discretionary spending. In this scenario, the operating margin is likely to decline 40-70 basis points year-on-year because of increased marketing and store-related expenses, and stabilise at the pre-pandemic level of 6.7-7 per cent this fiscal and in FY24. Crisil Ratings has given the credit outlook for organised players as ...

Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel

Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.

Credit market cracks widen as distressed debt nears $650 billion

Distressed debt in the US alone jumped more than 300 per cent in 12 months, high-yield issuance is much more challenging in Europe and leverage ratios have reached a record by some measures

Global markets remained flat, investors on sidelines post-China reopening

SINGAPORE, LONDON (Reuters) -Global equities traded sideways on Wednesday after China took further steps towards reopening its COVID-battered economy, with hopes for an economic rebound tempered by near-term worries over rising cases.

Malaysian businessman jailed for 36 yrs for mkt manipulation in Singapore

The Malaysian mastermind behind Singapore's biggest stock market manipulation, which wiped out nearly SGD8 billion in market value in October 2013, was sentenced to 36 years in jail while his co-conspirator was handed a 20-year jail term by a court here on Wednesday. John Soh Chee Wen, a 62-year-old prominent Malaysian businessman, and his ex-partner and accomplice Quah Su-Ling, 58, were found to have manipulated the share prices of Blumont Group, Asiasons Capital and LionGold Corp (collectively known as BAL) between August 2012 and October 2013, the Straits Times newspaper reported. They did it through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies. Both are appealing their sentences, the report said. Wen and Su-Ling had been convicted of 180 and 169 charges, respectively, in a long-running trial spanning almost 200 days and involving close to 100 prosecution witnesses, Channel News Asia reported. Wen was additionally found .