Page 9 - Stocks

Rs 414 cr paid to 34,497 Karvy clients from NSE's investor protection fund

The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange's (NSE) investor protection fund till March 2023. In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and funds amounting to Rs 150 crore have been realized and the same is being utilized for distribution to clients of KSBL, Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha. The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients. NSE and BSE suspended trading terminals of KSBL from December 2, 2019 and declared it a defaulter on November 23, 2020 for misusing clients' funds and securities. Moreover, NSE has declared 32 stock brokers as defaulters in the past five years for failing to comply wit

Lock, stock, and over a barrel for firms with April lock-in expiry date

Newly listed stocks in focus

Flows will chase relative growth outperformance in FY24: Rahul Arora

The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang

Future bets: LIC to Axis Bank, here're 10 bright spots to keep an eye on

The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks

The next day: Adani Group stocks rise after group denies news reports

As a result, the combined market capitalisation of the group rose by over Rs 20,000 crore

Renewed debt worries trigger sharp sell-off in Adani Group stocks

The group has been on a sticky wicket ever since the US-based short seller Hindenburg Research, in a report, alleged -- among other things -- stock manipulation and concerns about its debts

Declare nominee by March 31 or risk having your demat, MF folio frozen

Appointing a nominee is vital as it protects the family of a person who has passed away from a lot of hassles

Valuations, long-term prospects boost investment case in insurance stocks

Taxation proposals, lower volumes may weigh on near term prospects

Apple, Microsoft dominance on stock indexes grows in benchmark overhaul

Tech will remain by far the largest of the 11 industries in the S&P 500. It accounts for 29% of the S&P 500, its highest in more than a year, and up from a January low of 25.3%

TMS Ep386: Crypto under PMLA, SEBI on PCVs, power stocks, sovereign default

Will the money laundering Act spell death for crypto in India? Why does India not have its own Warren Buffet? Will rising temperatures ignite power stocks? What is sovereign default? All answers here

Adani Enterprises surges over 70% in the last 6 trading sessions

Some of the group stocks also hit their upper circuit levels after the group announced that it has repaid share-based financing of Rs 7,374 crore

Sensex extend winning run to 3rd day as financial, energy shares advance

Benchmark Sensex and Nifty closed higher for a third session in a row on Wednesday as fag-end buying in banking, financial and oil stocks helped the indices rebound from early lows amid a bearish trend in global equity markets. Covering-up of short positions by bears supported a late recovery in stocks and helped wipe off losses, traders said. However, a weak rupee against major rivals overseas weighed on market sentiment and restricted gains, they added. In a largely subdued session, the 30-share BSE Sensex ended 123.63 points or 0.21 per cent higher at 60,348.09 as 17 of its constituents gained and 13 declined. The barometer opened lower and stayed negative for most part of the trading session due to losses in Asian markets. Fag-end buying in select index heavyweights helped the index to pare all the losses and settle in the green. During the session, the index touched a high of 60,402.85. The broader NSE Nifty settled higher by 42.95 points or 0.24 per cent at 17,754.40. Nifty

Six of 10 Adani stocks hit upper circuit on $3-billion loan buzz

Stocks of all the ten listed Adani Group firms ended with gains on Wednesday, continuing the positive momentum amid a recovery in the broader equity market. Adani Enterprises stock jumped 14.70 per cent to settle at Rs 1,564.55 on the BSE. In intra-day trade, it rallied 15.83 per cent to Rs 1,580. In two days, the company's stock has climbed 31 per cent. The market valuation of Adani Enterprises has jumped Rs 42,219.95 crore in two days. Adani Transmission advanced 5 per cent, Adani Green Energy rose 4.99 per cent, Adani Wilmar gained 4.99 per cent, NDTV rallied 4.99 per cent and Adani Power climbed 4.98 per cent. Shares of Adani Total Gas jumped 4.85 per cent, Ambuja Cements (3.32 per cent), ACC (2.14 per cent) and Adani Ports (1.61 per cent). The broader equity market also recovered after falling in the past eight trading sessions, with the BSE Sensex climbing 448.96 points or 0.76 per cent to settle at 59,411.08 points. The cumulative market valuation of the ten companies st

Adani stocks add Rs 30,000-crore market cap despite selling by ETFs

Shares worth Rs 1,200 crore of AEL and Rs 130 crore worth of ACC got offloaded by MSCI trackers; Yet AEL closed 14.2% up, while ACC added over 2%

Debt funds may again draw investors' attention as yields improve

Yields of popular debt schemes touch 7.5%, the highest since Covid outbreak

No respite for Adani Group firms from market carnage, loses over $140 bn

The total market cap of the group has now been reduced to just Rs 7.6 trillion, down from more than Rs 20 trillion at the start of the year

Oil & gas, power form bulk of stocks sold by FPIs in first fortnight of Feb

Financial services, IT, capital goods among favoured sectors, with FPIs buying stocks worth over Rs 5,600 cr in these spaces

Hindenburg row: Adani group reassures investors as stocks plunge further

Says business plans "fully funded" after reports about revenue target cut and capex halt

Sensex extends losses for second day; IT and bank stocks top drags

Equity benchmark Sensex declined around 251 points on Monday, pressured by heavy selling in IT and bank stocks amid a mixed trend overseas. A weak rupee further weighed on sentiment, traders said. Sliding for the second straight session, the 30-share BSE Sensex ended 250.86 points or 0.41 per cent lower at 60,431.84. During the session, the index touched a high of 60,740.95 and a low of 60,245.05. On similar lines, the broader NSE Nifty dropped 85.60 points or 0.48 per cent to finish at 17,770.90. SBI was the biggest loser in the Sensex pack, tumbling 2.83 per cent, followed by Infosys, TCS, Bajaj Finance, Tech Mahindra, Wipro and Axis Bank. In contrast, Titan, L&T, NTPC, Power Grid, Sun Pharma, ITC and HDFC twins were among the prominent winners, rising as much as 1.97 per cent. In the broader market, the BSE midcap and smallcap indices dropped up to 1.25 per cent. Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul closed in the red, while Shanghai settled higher. Equity

Street Signs: Anchor lock-in expiry, reversal of fortune for ETFs & more

Stocks of Archean Chemical Industries, 5 Star Business Finance, Kaynes Technology India, and Inox Green will be watched keenly this week as 90-day anchor lock-in period in these counters expires