Page 46 - Stock Markets

Valuation of Coromandel International stock captures positive outlook

The overall revenue for March quarter came in at Rs 3,910 crore and was down 29 per cent Y-o-Y, due to lower subsidy and reduced volumes in the fertilizer segment

Sebi slaps penalty on OP Jindal Group's firm Hexa Tradex, other entities

Markets regulator Sebi on Tuesday levied penalties totalling Rs 35 lakh on OP Jindal Group's firm Hexa Tradex Ltd, its promoters and directors for flouting delisting norms and other disclosure rules. The regulator slapped fines within the range of Rs 2-5 lakh on Hexa Tradex, its chairperson Raj Kamal Aggarwal, Ravinder Nath Leekha, Vinita Jha, Girish Sharma, and Pravesh Srivastava. They are collectively referred to as noticee. Siddeshwari Tradex Pvt Ltd, Innox Global Multiventures, Opelina Sustainable Services, and JSL Ltd, were the promoter entities of Hexa Tradex Ltd, which were also penalised by the markets regulator. Pursuant to a complaint received by the Securities and Exchange Board of India (Sebi) in July 2022. The regulator conducted an examination with respect to the delisting of Hexa Tradex Ltd (HTL), a BSE and NSE-listed company. Based on the complaints received, Sebi had initiated the proceedings against the noticees to inquire into and adjudge the alleged violations o

Eid holiday: Are stock markets NSE & BSE open for trading on June 17?

Trading on the Indian stock market will resume on Tuesday, June 18, according to the BSE and NSE websites

EIH Associated Hotels greenlights bonus share issue; Stock surges 9%

Shares of EIH Associated Hotels, the flagship company of the Oberoi Group soared up to 9.4 per cent at Rs 925 per share

Asia stocks rally, bond yields fall as investors assess Fed outlook

Japanese shares underperformed and the yen inched down against the dollar, as the Bank of Japan began its two-day policy meeting

Trident shares rally 7% as unit acquires stake in step down subsidiary

Trident Home Textiles, the wholly owned subsidiary of Trident, made further investment in its wholly owned subsidiary namely Trident Global BV

Buzzing: IRB Infra block deal, Vi Board meet, RVNL, Raymond order win

Stocks to Watch on Tuesday, June 11, 2024: Domino's, a franchise of Jubilant FoodWorks, opened its 2000th store in the country on Monday

Investors' wealth surges Rs 21 trn in two days of stock market recovery

Dalal Street investors became richer by Rs 21 lakh crore in two days of a sharp rally in the stock market, where the BSE benchmark surged over 4 per cent. The 30-share BSE Sensex jumped 692.27 points or 0.93 per cent to settle at 75,074.51 on Thursday. In intra-day trade, the benchmark soared 915.49 points or 1.23 per cent to 75,297.73. In two days, the BSE benchmark surged 2,995.46 points or 4.15 per cent after Tuesday's massive rout. Thanks to the optimistic trend in equities, the market capitalisation of BSE-listed companies climbed Rs 21,05,298.11 crore to Rs 4,15,89,003.38 crore (USD 4.98 trillion) in two days. "With the poll-related uncertainty now almost over and the NDA ready to form the government, the mood remained upbeat for the second straight session as Sensex crossed the psychological 75k mark on the back of a splendid all-round buying support. "With the buoyancy returning to the market, the fear gauge volatility index also eased considerably and fell 11 per cent," s

Indian shares seen opening slightly higher as Modi set for third term

The National Stock Exchange of India handled the highest ever number of transactions in a single trading day on Wednesday, with 19.71 billion orders and 285.5 million transactions

Ab ki baar NDA Sarkar? Analysts turn 'defensive' on India after LS polls

Stock market strategy: Considering that the NDA forms the government, analysts believe it will pursue a balanced economic growth model, giving equal emphasis on investment and consumption growth

PGIM India MF remains overweight, with bias for long-duration govt bonds

Indian bonds are set to be included in JPMorgan's emerging market debt index from the end of this month and markets expect passive inflows worth around $25 billion

Hindalco slumps 6% on deferring Novelis IPO amid valuation concerns

Novelis Inc, Hindalco Industries' US subsidiary, postponed its initial public offering (IPO) for the time being due to market conditions, the company said in an exchange filing today

Foreign outflows from markets hit record after weaker Modi mandate

MUMBAI (Reuters) -Foreign institutional investors (FIIs) sold a record 124.36 billion rupees (about $1.5 billion) worth of Indian shares, as NSE Nifty 50 and S&P BSE Sensex logged their worst day in more than four years, provisional data from the National Stock Exchange showed on Tuesday.

Stocks set to scale record highs as vote counting for LS election begins

The benchmark indexes have grown by a little more than three times in value since Modi became prime minister in May 2014

Exit Poll 2024: Bank, auto, defence stocks may see 'Modi rally' on Monday

Lok Sabha elections exit polls 2024: The stock market bulls will be further emboldened by the better-than-expected 8.2 per cent growth in GDP numbers

Lok Sabha Exit Poll 2024: FII money, waiting on sidelines, may rush in

Lok Sabha elections exit polls: Ten years of the Narendra Modi government have set expectations and given a framework for investors

FPIs take out over Rs 25,586 cr from equities in May on poll jitters

Foreign investors pulled out a massive Rs 25,586 crore from Indian equities in May due to uncertainty surrounding the outcome of general election and outperformance of Chinese markets. This was way higher than a net outflow of over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed. Going ahead, election results, which will be out on June 4, could determine FPIs flows into Indian equities in the near future. In the medium term, US interest rates will exert more influence on FPI flows, Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) made a net withdrawal of Rs 25,586 crore from equities in May. The relatively high valuations and weak earnings, .

Sebi issues rules for inspection of warehouses by clearing corporations

Capital markets regulator Sebi on Wednesday simplified guidelines on the requirement of inspection of warehouses by clearing corporations. In its circular, Sebi said that the requirement of two inspections in a calendar year can be done away with for accredited storage facilities with 'nil' stock, continuously during the preceding six months. In these cases, the number of inspections by an independent agency can be limited to once in a calendar year, it added. With no stocks for the entire year, the regulator said that no independent inspections are needed. Before accepting new deposits, facilities with no inspections in the previous year must comply with in-house inspection requirements. This decision is aimed at streamlining the inspection process and reducing unnecessary inspections for facilities without stocks, promoting ease of doing business while ensuring readiness and compliance. Under the current rules, there is a requirement for clearing corporations to conduct independ

How Will Stock Markets React if BJP Wins or Loses Lok Sabha Elections?

Are you nervous about the June 4 results and wondering how it will impact financial markets? Global brokerage firm UBS outlines four possible scenarios for investors. Watch the video to know how stock

Sebi action on fantasy games operating on real-time stock market data

At least once in a financial year the list of activities and entities using this data will have to be reviewed by the board of MIIs