Page 62 - Stock Markets

Ashok Leyland rallies 5% on bagging order for 1,400 school buses in UAE

The stock surpassed its previous high of Rs 158.15 touched on August 1, 2022. It was trading close to its record high of Rs 168 touched on May 8, 2018

Biocon sheds 4%, hits 52-week low as US FDA issues form 483 for 3 sites

The US health regulator has issued Form 483s with 11 observations each for two sites in Bengaluru and six observations for a plant in Malaysia site.

Piramal Enterprises shares trade ex-demerger; stock surges 9% intra-day

The record date is fixed as September 01, 2022 for issuance and allotment of 4 equity shares (Rs 10 each) of Piramal Pharma (PPL) for every 1 equity share (Rs 2 each) to shareholders of Piramal Ent

Indian markets slide on US Fed's hawkish tilt; Sensex down 861 points

Experts say any fall in US equities could reflect in the domestic markets as well

BofA's new target: Nifty50 to trade in 17,000-19,500 range this year

Brokerage has revised the mark upwards for the second time this month

Tech stocks get hammered in manic Monday sell-off; Nifty IT falls 3.5%

The tech-heavy Nasdaq index is down 22 per cent this year

3 reasons why the Sensex ended 861 points lower at 57,973 levels on Monday

Monday's market mayhem was led by the IT pack as Nifty IT index cracked over 4 per cent. Tech M, Infosys, HCL Tech, Wipro and TCs slipped 2-5 per cent.

Stock of this defence company has zoomed 87% over its issue price

Shares of Data Patterns hit a record high of Rs 1,093.50 as the stock rallied nearly 15 per cent on the BSE in Monday's intra-day trade on heavy volumes

Indian markets may feel the pinch of Fed chief's hawkish comments: Experts

Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows

Lot of hesitancy and scepticism among retail investors: Centrum Broking ED

'If the market movement remains positive for an extended period, flows would become healthy once again', said Anil Sarin

Eicher Motors sinks 3% as CFO Arunachalam tenders resignation

Eicher Motors said the appointment of a new CFO in his place would be intimated in due course. Meanwhile, Arunachalam will now join Cromptom Greaves Consumer as CFO, from September 5

Fertiliser stocks are shining; and there's more to the rally, say experts

A K Prabhakar, head of research at IDBI Capital, for instance, sees more headroom in stocks of fertiliser companies, especially those that have backward integration as well

RBL, IDBI Bank surge up to 10%; Karur Vysya, Federal Bank hit 52-week highs

Union Bank of India, Bank of India, Canara Bank, Punjab National Bank, Indian Overseas Bank, Uco Bank, Central Bank of India, and Bank of Baroda from the PSUpack were up 2-5%

DreamFolks' IPO subscribed 1.96x on Day 1, retail portion booked 8x

The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x

Amid hefty FPI flows, rupee turns into outperformer among EM peers

Rupee performs better than 11 emerging market currencies amid jump in US dollar index

On volatile day, indices manage small gains amid weakness in global bourses

The 30-share BSE Sensex climbed 54.13 points or 0.09 per cent to settle at 59,085.43. During the day, it hit a high of 59,170.87 and a low of 58,760.09

Flurry of block deals lifts cash trading market volumes from two-year lows

The rebound coincided with optimism that the US Federal Reserve may ease up on its pace of monetary tightening, prompting a recovery in stocks the world over

NDTV, Sun TV, TV Today: Media-related stocks to see more upside going ahead

Shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08. On the upside, the stock can surge to Rs 450.

Consumer momentum unlikely to derail as IT firms rationalise salary payouts

In the last six months, the Nifty Consumption index has rallied 12 per cent as compared to the 3 per cent surge in the Nifty50 index, data showed

Dreamfolks Services' downsized IPO opens for subscription on Wednesday

The company's IPO is entirely an offer for sale by existing shareholders