Page 44 - Stock Markets

Sensex ends 33 pts down in choppy trade; HDFC duo drops 3%, Maruti up 3.5%

Closing Bell on July 5, 2023: The Nifty50 ended at 19,399 level, up 10 points or 0.05 per cent, rising for a seventh consecutive session

Stocks to Watch today, July 5: LTIMindtree, Bandhan Bk, Lupin, Adani Power

Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index

Demand revival hopes, lower costs driving optimism for UltraTech Cement

While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving

MCX shares tumble 9% after 63 Moons get software support contract

Shares of MCX tumbled nearly 9 per cent on Friday after the commodity exchange extended its software support contract with 63 Moons Technologies for a higher fee. The stock fell 8.65 per cent to settle at Rs 1,499.85 apiece on the BSE. During the day, it tanked 12.47 per cent to Rs 1,437. On the NSE, it dived 8.65 per cent to end at Rs 1,500.10 per share. However, shares of 63 Moons jumped 12.66 per cent to end at Rs 244.20 each on the BSE. On the NSE, the company's stock surged 12 per cent to settle at Rs 243 per piece. In separate stock exchange filings on Thursday, Multi Commodity Exchange of India Ltd and 63 moons said the contract has been extended for a period of six months starting July 1. The contract has been renewed at a consideration of Rs 125 crore per quarter, which would translate into Rs 250 crore for the six-month period. On the other hand, 63 moons, formerly known as Financial Technologies India Ltd, said it has "once again agreed to the eleventh-hour request by

Investors pour most money into Japan stocks since 2020, says BofA

Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month

Markets have been over-optimistic in foreseeing rate cuts: Rahul Bhuskute

The biggest possible risk for Indian equities and for all asset classes globally is the possibility of delayed interest rate cuts by central banks globally, says Rahul Bhuskute, CIO, Bharti AXA Life

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Ahmedabad-based RBZ Jewellers files preliminary IPO papers with Sebi

RBZ Jewellers has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). According to market sources, the Ahmedabad-based B2B and retail jewellery firm would raise Rs100 crore through the IPO. Proceeds from the issue to the tune of Rs 80.75 crore will be utilized for funding the working capital requirements of the company and for general corporate purposes. The company's revenue from operations rose 14.21 per cent to Rs 287.93 crore in FY2023 from Rs 252.11 crore in FY2022. Besides, profit after tax (PAT) surged 55 per cent to Rs 22.33 crore in fiscal 2023 from Rs 14.41 crore in the preceding financial year. Arihant Capital Markets Limited is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE.

Domestic cyclicals take mkt to new peaks, Nifty tops previous all-time high

Capital goods, FMCG and auto gain the most since December 1

IDFC First Bank at over 6-yr high; zooms 47% in 2 months on stable outlook

In the past two months, the stock of IDFC First Bank has zoomed 47 per cent on a stable outlook

MRF hits Rs 100,000 mark; stock touches record high on the BSE

So far in the current calendar year 2023, MRF has outperformed the market by gaining 14% on improved financial performance. In comparison, the S&P BSE Sensex gained 3% during the period

Equity fundraising activity in India dips in H1CY23 amid market volatility

ECM activity down 15% in India even as globally it grows 19%, shows data

Stocks to Watch today, June 9: Asian Paints, L&T Fin, HAL, Urja Global

Stocks to watch today, June 9, 2023: Tata Power Renewable Energy, through its subsidiary, has received a contract to set up a 966 MW round-the-clock hybrid renewable power projects for Tata Steel

Heavyweights lift benchmarks; Sensex less than 1% away from all-time high

Shares of oil marketing companies fell close to a per cent, while oil producer ONGC gained 0.5 per cent, while RIL gained 0.9 per cent

Indo Count hits 16-month high; surges 36% in four days on strong Q4 results

The stock price witnessed a healthy recovery in anticipation of gradual restocking by global retailers (home textile was the worst impacted) and India's market share gain in US bedsheet

Indices end week in the green after US averts default; Sensex up 119 points

Strong May sales saw automobile stocks outperform on Friday. Maruti and Mahindra & Mahindra gained 1.73 per cent and 1.7 per cent, respectively

Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

Despite RBI red flag, unauthorised e-trading platforms just a click away

Alert list prompted a back-and-forth communication between FinMin and MeitY to take down the apps from Play Store. However, no government agency issued blocking orders

Optimism on the Street: Nifty Bank hits new record as indices gain

With banking stocks leading the gains, the Bank Nifty hit a new high of 44,375 points, a gain of 357 points or 0.8 per cent

Greaves Cotton sinks 10% as govt seeks to remove EV arm from FAME-2 scheme

The govt said that Greaves Electric Mobility failed to adhere to Phased Manufacturing Programme guidelines, hence it will need to return the subsidy of about Rs 124 cr claimed under the FAME-II scheme