Page 112 - Stock Market
More than skin-deep: Nifty Next 50 complexion to get a shade of difference
Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn
 "More than skin-deep: Nifty Next 50 complexion to get a shade of difference")
Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine
Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points
 "Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine")
Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days
Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times
 "Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days")
Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat
Currently, the stock was quoting 40 per cent higher over its issue price of Rs 1,080.
 "Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat")
Sensex ends 194 pts lower owing to late selling; Broader indices outperform
CLOSING BELL ON JUNE 01, 2023: The NSE Nifty 50 settled with a loss of 47 points below the 18,500-mark. Overall market breadth was fairly positive.
 "Sensex ends 194 pts lower owing to late selling; Broader indices outperform")
Centum Electronics hits new high; zooms 48% in 4 days on strong Q4 results
As on March 31, 2023, Centum had a strong order book position of Rs 1,538 crore as compared to Rs 1,090 crore at the end of the previous financial year 2021-22
 "Centum Electronics hits new high; zooms 48% in 4 days on strong Q4 results")
Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%
Stock market live updates: At 7:15, the SGX Nifty futures were down around 30 points at 18,680
 "Sensex slips 347 pts on profit-taking, Nifty holds 18,500; RIL, SBI dip 2%")
Analysts cautiously positive on new age stocks despite improved Q4 metrics
Analysts say that investors with a high-risk appetite can consider accumulating these stocks but only on declines
 "Analysts cautiously positive on new age stocks despite improved Q4 metrics")
Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine
CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.
 "Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine")
RIL, ITC, HDFC twins lift Sensex 345 pts up; Bank Nifty hits new peak
Stock Market Live on May 29, 2023: Asian markets climbed higher after the US striked a tentative debt deal. Nikkei led gains, rising 2%. Hang Seng, Strait times, S&P/ASX 200 and Kospi rose 0.2-1%
 "RIL, ITC, HDFC twins lift Sensex 345 pts up; Bank Nifty hits new peak")
ITC market-cap hits Rs 5.5 trn; stock trades higher for 6th straight day
Thus far in the calendar year 2023, ITC has surpassed market value (mcap) of Infosys, SBI, HDFC, Bharti Airtel, Adani Enterprises and LIC
Stock of this aerospace & defense company has zoomed 93% thus far in 2023
Zen Technologies rallied 9% to hit a new high of Rs 354.90 on the BSE in Thursday's intra-day trade after its board approved allotment of over 4 million shares to investors on conversion of CCDs
 "Stock of this aerospace & defense company has zoomed 93% thus far in 2023")
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
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
 "Divi's Lab surges 10% in two days on strong revenue growth guidance")
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
 "Balaji Amines tanks 19%, hits 52-week low on weak Q4 results")
Rs 2,000 note withdrawal: It'll be business as usual for mkts, say analysts
The RBI on Friday announced the withdrawal of the Rs 2,000 currency note, citing its 'Clean Note Policy'
Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks
Stock Market Live on May 19, 2023: NTPC, Power Grid, Punjab National Bank, JSW Steel, Zomato, Glenmark Pharma and Delhivery will be on the radar ahead of their Q4 nos
Repro zooms 48% in 1 week after Madhuri Kela acquires 3.6% stake in company
Post the acquisition, their total holding in the company has increased to 6.89 per cent from 3.30 per cent
 "Repro zooms 48% in 1 week after Madhuri Kela acquires 3.6% stake in company")
Sensex ends lower for third straight day, slips 129 pts; SBI, ITC dip 2%
CLOSING BELL ON MAY 18: The NSE Nifty 50 slipped 52 points to 18,130 as weekly expiry also weighed on the sentiment.
Tilaknagar Industries surges 14%, hits 52-week high on healthy Q4 results
Despite a reduction in gross margins, the company was able to maintain its EBITDA margin through multiple cost optimization efforts and improved productivity
 "Tilaknagar Industries surges 14%, hits 52-week high on healthy Q4 results")