Page 11 - Latest Updates on Stock Market
Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF
Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter
 "Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF")
Start cherry-picking themes that are likely to play out: Andrew Holland
"The first half of 2023 may see earnings come under pressure due to the global slowdown, and the Indian economy taking time to pick up"
 "Start cherry-picking themes that are likely to play out: Andrew Holland")
67% investors unable to beat benchmark index returns, shows data
Underperformance at retail level at around 4-5% annually, says Samco Securities
 "67% investors unable to beat benchmark index returns, shows data")
Bank stocks can slide more; stay away for now: Analysts
Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time
 "Bank stocks can slide more; stay away for now: Analysts")
Credit Suisse explodes into full-blown crisis as stocks, bonds crater
The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress
 "Credit Suisse explodes into full-blown crisis as stocks, bonds crater")
This Chris Wood owned stock hit a 52-week low. What's worrying the Street?
In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack
 "This Chris Wood owned stock hit a 52-week low. What's worrying the Street?")
SVB crisis: How the ripples of the bank's plunge reached foreign shores
Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out
 "SVB crisis: How the ripples of the bank's plunge reached foreign shores")
Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE
The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share
 "Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE")
IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure
RBI's approval for reappointment of MD & CEO being for a lower tenure compared to board approval, which was for three years, could keep stock under pressure in near term
 "IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure")
Market turmoil leaves investors poorer by more than Rs 4.4 trillion
Domestic equity investors' wealth eroded by more than Rs 4.43 trillion as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments
YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends
Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in
 "YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends")
Global Surfaces IPO opens today: GMP, subscription status, all details here
Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times
 "Global Surfaces IPO opens today: GMP, subscription status, all details here")
Sona Comstar slumps 6% after 20% equity changes hands via block deal
At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows
 "Sona Comstar slumps 6% after 20% equity changes hands via block deal")
Eight of top-10 firms lose Rs 1.03 trn in market-cap; RIL, ICICI hit hard
Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit
Nifty may test 17,000 levels as SVB implosion stirs the ghosts of 2008
Selling pressure seen in banking, IT, and new-age stocks; foreign investors expected to be cautious
 "Nifty may test 17,000 levels as SVB implosion stirs the ghosts of 2008")
SVB chief Greg Becker sold $3.6 mn in stock days before bank's failure
The sale of 12,451 shares on Feb. 27 was the first time in more than a year that Becker had sold shares in parent company SVB Financial Group, according to regulatory filings
 "SVB chief Greg Becker sold $3.6 mn in stock days before bank's failure")
No SVB-like scenario in India; banks are on a strong footing, say analysts
The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances
 "No SVB-like scenario in India; banks are on a strong footing, say analysts")
Adani group stocks gain for second week. add Rs 75,263 in market cap
This despite some group firms, including flagship Adani Enterprises, shedding some gains in past two trading sessions
 "Adani group stocks gain for second week. add Rs 75,263 in market cap")
SVB crisis sends jitters through startup world: Here's what we know
Santa Clara-based SVB Financial Group announced that it sold $21 billion of securities from its portfolio. SVB Financial Group also said it was holding a $2.25 billion share sale to shore up finances
 "SVB crisis sends jitters through startup world: Here's what we know")
Equitas SFB slips 13% as new shares list post merger with Equitas Holdings
Total 789.53 million shares have been listed pursuant to the scheme of amalgamation of Equitas Holdings with Equitas Small Finance Bank
 "Equitas SFB slips 13% as new shares list post merger with Equitas Holdings")