Page 62 - Stock Market

Don't mistake recent pullback in equities for a bear market: Vinit Sambre

As India Inc prepares to unveil its financial performance for the September 2024 (Q2-FY25) quarter, market movement going ahead will likely depend primarily on earnings growth, said Vinit Sambre

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Wipro board to consider issuing bonus shares ahead of Sep quarter results

IT firm Wipro on Sunday said its board of directors will consider the issue of bonus shares at a meeting scheduled to be held on October 16-17, 2024. Wipro is set to announce its Q2 FY25 results on October 17, 2024. "The board of directors of the company will be considering a proposal for the issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its meeting scheduled to be held over October 16-17, 2024," a regulatory filing said. The Bengaluru-headquartered firm posted a 4.6 per cent year-on-year increase in its consolidated net profit in the June-ended quarter at Rs 3,003.2 crore. Its revenue declined 3.8 per cent to Rs 21,963.8 crore. Wipro CEO and MD Srini Pallia had said that the firm is "confident" in its ability to execute better on bookings and profitable growth in Q2,

Equity mutual funds log Rs 34,419 crore net inflows in September

Inflows into equity schemes positive for 43rd; MF industry AUM tops Rs 68 trn

Varun Beverages to raise Rs 7,500 cr through QIP to fund expansion plans

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutional Placement (QIP) route to fund its growth plans. The board of the company in a meeting held on Wednesday approved the proposal for "raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore" through QIP, according to a regulatory filing by the company. The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of equity shareholders of the company" through postal ballot, it added. The proceeds from this fundraise would be utilised in "making investments in subsidiaries, joint ventures or associates" or to "fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions". This will also help in "Pre-payment or repayment" of debts and in general corporate purposes, Varun Beverages

CCPA showcause notice won't impact activities, says Ola Electric

Won't impact operations or finance, says company after founder's social media spat with stand-up comedian

China reopens with a bang scaling highs but fails to lift Asia stocks

China's CSI300 blue-chip index surged 10 per cent in early trade to its highest level since July 2022, while Shanghai Composite Index jumped roughly same amount to its highest mark since December 2021

FPIs squeeze markets for a sixth day; Sensex ends 639 points lower

FPIs sold shares worth nearly Rs 8,300 crore, extending their month-to-date selling to almost Rs 40,000 crore

BSE 100 companies boost R&D spending, but innovation challenges persist

R&D spend grows 152% in 5 years to Rs 63,072 crore in FY24

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

Stock Market Highlights, Oct 4: Sensex sheds 808pts; Nifty ends near 25,000; FMCG drags, IT shines

Share Market Highlights: The day ended in favor of bears as 37 out of 50 constituent stocks of Nifty50 ended in the red

'Work in progress': TotalEnergies CEO Pouyanne on plans for NY listing

The company's plan to turn its American depositary receipts into ordinary shares is "work in progress," Pouyanne said during the company's annual investor day in New York Wednesday

Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1

Starting February 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility, or a three-in-one trading account facility, a move that will empower investors. Qualified Stock Brokers (QSBs) must offer one of these two options, in addition to the current mode of trading. A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances. "This initiative will empower and benefit investors with enhanced security, improved transparency, interest earnings and ease of making payments at a time when UPI payments are witnessing significant growth," Rahul Jain, CFO, NTT DATA Payment Services India, said. Additionally, the move will improve fund management and further enhance investors' convenien

5 Reasons why the Indian stock market crashed on Monday September 30

On Monday, the Sensex crashed by over 1200 points, and the Nifty dropped by over 300 points intraday. But why did this happen? Let’s break it down.

Brokerages revise charges as Sebi's true-to-label norms take effect

Angel One has revised upwards its charges, while Zerodha has maintained the status quo on rates for now

Sebi tightens rules for booming equity derivatives market effective Nov 20

Sebi said that existing regulatory measures have been reviewed to ensure investor protection and the orderly development and strengthening of the equity derivatives market

Chinese stock market enters bull market after biggest surge since 2008

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday

After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue

The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget

Stock Market Crash Highlights, Sept 30: Sensex sheds 1,272pts, Nifty ends near 25,800; RIL slumps 3%

Stock Market Crash: Indian equity benchmark indices settled in the red on Monday, tracking mixed cues from major global markets.

Metals, auto stocks drive indices to fresh highs; Sensex jumps 666 pts

Supportive fund flows, Chinese stimulus keeps bullish sentiment intact