Page 10 - Latest Updates on Stock Market
After worst streak in 22 years, India's $3 trn mkt positioned for a rebound
After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group
 "After worst streak in 22 years, India's $3 trn mkt positioned for a rebound")
Govt asks IAS, IPS, IFS officers to inform about mkt related transactions
The Centre has asked IAS, IPS and IFS officers to intimate it in case the total transactions in stock, share or other investments exceed their six months' basic pay during a calendar year
 "Govt asks IAS, IPS, IFS officers to inform about mkt related transactions")
Stock markets closed today: Check full list of 2023 market holidays here
Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 12 more days in 2023
 "Stock markets closed today: Check full list of 2023 market holidays here")
Indian stock market to remain closed today on account of Ram Navami
Stock market holiday: The Multi Commodity Exchange (MCX) will open for trading in the evening session at 5 PM
Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard
The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes
 "Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard")
Adani shares tumble on report group seeking time to pay ACC, Ambuja debt
ACC dropped 4.8% to its lowest since Feb. 2021 and Ambuja Cement slipped 4.2%
 "Adani shares tumble on report group seeking time to pay ACC, Ambuja debt")
Kalyan Jewellers tanks 11% on large block deal; over 39 mn shares exchanged
According to a media report, Warburg Pincus, one of the key investors in KJIL, was likely to offload a 2.5 per cent stake in the company through a block deal today
 "Kalyan Jewellers tanks 11% on large block deal; over 39 mn shares exchanged")
PNC Infra rallies 8% on bagging Rs 819 crore highway project
The company has been declared L1 (lowest) bidder for a highway project for Ministry of Road Transport & Highways (MORT&H) with a bid project cost of Rs 819 crore
 "PNC Infra rallies 8% on bagging Rs 819 crore highway project")
5x in 5 financial years: Mkt share of discount brokers gains stock
Held sway over 57% of active clients in 11 months of FY23
 "5x in 5 financial years: Mkt share of discount brokers gains stock")
Street Signs: 200-day SMA for Nifty Bank, portfolio turnover, and more
The gauge for the performance of banking stocks - which also happens to have the highest weighting in the benchmark Nifty50 Index - last closed at 39,395
 "Street Signs: 200-day SMA for Nifty Bank, portfolio turnover, and more")
Two smallcap stocks touch new highs; have zoomed up to 49% in past 3 months
In the past three months, Vardhman Special Steels has zoomed 49% and KPIT Technologies has surged 41% as compared to a 3% decline in the S&P BSE Sensex
 "Two smallcap stocks touch new highs; have zoomed up to 49% in past 3 months")
Stocks to Watch: RVNL, BEL, HAL, Campus Activewear, Vedanta, PNB, IT cos
Stocks to Watch: IT stocks may remain in focus as Accenture reported a revenue of $15.81 bn in Q2, beating its guidance of $15.2-15.75 bn. The giant also announced it will lay off 19,000 employees
 "Stocks to Watch: RVNL, BEL, HAL, Campus Activewear, Vedanta, PNB, IT cos")
Near-term demand worries likely to weigh on Page Industries stock
Brokerages have mixed view after correction in stock price
 "Near-term demand worries likely to weigh on Page Industries stock")
Global Surfaces makes stellar debut; zooms 23% over issue price
It earns 99% of its revenues from overseas markets like US, Canada and the Middle East. Segment wise, engineered quartz make for 83% of its revenue while natural stones make for 17%
Star Cement soars 11%, nears 52-week high on heavy volumes
The long-term demand prospects remain positive given the government's thrust on the affordable housing and infrastructure segments, ICRA said
Stocks to Watch: Reliance, HAL, Hero MotoCorp, Nazara Tech, L&T, Power Grid
Stocks to Watch: Hero MotoCorp on Wednesday said it will increase prices of its model range by around 2 per cent from next month
Anupam Rasayan hits 6-month high; zooms 40% in 5 weeks on strong outlook
Analysts are positive on the company's long term growth trajectory on the back of a robust product launch pipeline especially in high value fluorination chemistry
 "Anupam Rasayan hits 6-month high; zooms 40% in 5 weeks on strong outlook")
Stocks to Watch: Tata Motors, IOC, Hind Zinc, Sonata Software, Bandhan Bank
Stocks to Watch: Tata Motors will increase prices of its commercial vehicles (CV) range by 5 per cent starting April 1, in what would be its fourth such price hike this fiscal year
 "Stocks to Watch: Tata Motors, IOC, Hind Zinc, Sonata Software, Bandhan Bank")
Zee Entertainment zooms 14% in 4 days on hopes of settlement with lenders
Zee had said that the company had been exploring several strategies, including settlement, in relation to the ongoing dispute with IndusInd Bank
 "Zee Entertainment zooms 14% in 4 days on hopes of settlement with lenders")
Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson
Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne
 "Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson")