Page 76 - Stock Market

Chart Analysis: Nifty Bank in bearish mood, presents buying opportunities

Despite the near-term bearish trend observed on charts, the correction presents an opportunity for traders to consider buying the index and its constituents on dips

Mid, SmallCap indices slip up to 3% on May 7; analysts cite rich valuations

Among midcaps Lupin fell 6.58 per cent at Rs 1569 as the pharma major missed street expectations in its January-March quarter earnings

Market regulator Sebi's action on SME for manipulating financials

Bars Add-Shop E-Retail; over 46% of sales in three FYs fake

Stock Market Highlights, May 3: Sensex plunges 733 pts, Nifty below 22,500 in broad sell-off

Stock Market highlights on May 3:24 of the 30 Sensex stocks, and 35 of the 50 Nifty stocks closed in the negative zone led by L&T, Maruti Suzuki, Reliance Industries, Nestle India, and JSW Steel

Asian stocks surge on tech boost; yen extends gains to end volatile week

With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day

India's IPO market set to break May jinx in Lok Sabha election year

For 1st time during poll cycle since '04, mkts will see IPO frenzy

Sebi introduces draft for stock exchanges to supervise research analysts

Markets regulator Sebi on Thursday came out with a framework for administration and supervision of research analysts and investment advisers, whereby a stock exchange can be authorised to oversee and manage such entities. In a circular, Sebi said a stock exchange should be granted recognition as RAASB (Research Analyst Administration and Supervisory Body) and IAASB (Investment Adviser Administration and Supervisory Body). "To begin with, in order to ensure efficiency in the system and economies of scale, RAASB and IAASB shall be one and the same stock exchange," it added. To be recognised as a RAASB and IAASB, a stock exchange must have been operational for at least 15 years, possess a net worth of at least Rs 200 crore, need to have nationwide terminals and investor service centres in 20 cities and provide a grievance redressal mechanism, including online dispute resolution. The exchange is required to set up the necessary infrastructure and systems for administration and ...

Sebi makes mandatory registration of PMS providers with industry body APMI

Markets regulator Sebi on Thursday decided to promote collective oversight of PMS distributors by making registration with the Association of Portfolio Managers in India (APMI) mandatory for them. The move is aimed at promoting ease of doing business initiatives for portfolio managers. The new directive would come into effect from January 1, 2025, and APMI would issue the criteria for registration of distributors by July 1, this year, Sebi said in a circular. "In order to facilitate collective oversight of PMS (Portfolio Manager Services) distributors at the industry level, it has been decided that any person or entity involved in the distribution of portfolio management services shall obtain registration with APMI," Sebi said. Portfolio Managers have been asked to ensure that any person or entity engaged in the distribution of its services has obtained registration with APMI, in accordance with the criteria laid down by APMI. This is in line with the practice already being follow

Stock Market Highlights, May 2: Sensex ends range-bound session 128 pts up, Nifty near 22,650

Stock Market Highlights on Thursday, May 2: Markets settled with positive bias a day after the US Fed kept interest rates unchanged

LS polls: India equity options pricing in a no-surprises election verdict

At this time in 2019, the implied volatility was 28 per cent-30 per cent, suggesting an investor had to pay much more to protect against an unexpected outcome -- a BJP loss -- that year

Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4

This came after the company delivered a strong show in its January-March quarter results of financial year 2023-24 (Q4FY24) on Wednesday

Rising threshold for large, midcaps supports noise for tweak in methodology

Sebi has received a lot of feedback on tweaking the approach for the categorisation of stocks and soon the regulator could announce a new methodology

Markets slide after fresh record highs; Sensex ends 188 points lower

Investors are concerned that the Fed may stick to its hawkish messaging. Analysts expect Fed Chair Jerome Powell to bolster expectations about interest rates staying higher for longer

Racks & Rollers IPO to open on April 30; price band at Rs 73-78 per share

Storage racking system maker Racks & Rollers on Monday said its initial public offer will hit the capital markets on April 30 to raise around Rs 29.95 crore from public investors. The public issue will open for subscription on the BSE's SME platform on Tuesday and will close on May 3, the company said in a statement. The Bengaluru-based company, which is engaged in a storage racking system, with specialisation in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions has fixed the price band at Rs 73-78 per share. The initial public offering (IPO) is only a fresh issue of up to 38.40 lakh equity shares of Rs 10 each. At the upper end of the price band, the company will fetch up to Rs 29.95 crore. Investors can bid for a minimum of 1,600 equity shares and in multiples of 1,600 shares thereafter. Of the total net proceeds to be raised through the issue, Rs 27.50 crore will be used to meet working capital requirements and

NSE to sell digital tech services unit to Investcorp for $120 million

The 10-billion-rupees deal was in line with NSE's strategy to focus on its core business areas, said Ashish Kumar Chauhan, the company's managing director and CEO

Sebi comes out with directive on regulatory fee for BSE; stock tanks 19%

Leading stock exchange BSE is expected to shell out more regulatory fee after the markets watchdog Sebi asked the bourse to pay the fee based on the "notional value" of its options contracts rather than on the premium value. Also, the exchange has been asked to remit the differential payment for past years with interest. Initial data provided by BSE suggest an outgo of Rs 165 crore plus GST by the exchange. Reacting to the development, shares of BSE have slumped as much as 18.64 per cent to an intra-day low of Rs 2,612.0 on the NSE on Monday. Finally, the stock settled 13.31 per cent lower at Rs 2,783 on the NSE. There could be an increase in the BSE's regulatory fee payments to Sebi due to the significant variance between the notional and premium values. This discrepancy arises from the calculation method, which involves multiplying the contract size by the underlying price. Notional turnover represents the overall strike price of all contracts traded in derivatives, whereas premi

Stock Market News: Why BSE shares fell 19% in early morning trade

Shares of BSE took a nosedive, plummeting nearly 19% on the National Stock Exchange (NSE) during Monday's intra-day trading. This marked the steepest single-day fall since its debut in 2017. >

Asia shares rise as Fed rate interest decision looms large; yen crumbles

Oil prices ticked down on expectations that higher-for-longer US interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints

Monetary policy expectations impact stocks more than rate moves: RBI paper

Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too impact the stock markets. "...equity markets are affected more by the changes in the market's expectations of future monetary policy (path factor) than the policy rate surprise (target factor) which is in agreement with the conventional thinking that equity markets are forward-looking," the paper said. The volatility in equity markets on the day of policy announcement, it said, "is affected by both target and path factors, as markets digest the policy announcements and traders adjust their portfolios throughout the day". RBI Working Paper on 'Equity Markets and Monetary Policy Surprises' is prepared by Mayank Gupta, Amit Pawar, Satyam Kumar, ...

Corporate earnings, Fed interest rate decision to drive markets: Analysts

Quarterly earnings from corporates, the US Fed interest rate decision and other global trends will be the major driving factors for determining movement in the domestic equity market in a holiday-shortened week ahead, analysts said. Besides, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also influence trading. Domestic equity markets would remain closed on Wednesday on account of Maharashtra Day. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Monthly auto sales figures will be announced at the beginning of May, and the next phase of voting will be significant, he said. "On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1st will be important. Economic data releases from China and the US, along with movement in the global currency market, will also be the factors to