Page 12 - Latest Updates on Stock Market
Stock market holiday: Share market to remain closed due to Holi today
Stock market holiday news: While most people are celebrating Holi on Wednesday, March 8, BSE and NSE have declared a stock market holiday on March 7
 "Stock market holiday: Share market to remain closed due to Holi today")
Power Grid Corp, NTPC gain 3% each to hit their respective 3-month highs
Power Grid has been declared a successful bidder to establish inter-state transmission system for two projects on build, own operate and transfer (BOOT) basis, in Chhattisgarh.
 "Power Grid Corp, NTPC gain 3% each to hit their respective 3-month highs")
Wonderla scales record high; Imagicaaworld at 52-wk peak, up 44% in 3 days
The companies said business continues to show an excellent rebound after two years of adverse Covid-19 impact and an overall improvement in the health of operations
 "Wonderla scales record high; Imagicaaworld at 52-wk peak, up 44% in 3 days")
MF inflow in equities crosses Rs 1.5-trn for second straight fiscal
Thus far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till March 1, 2023, Securities and Exchange Board of India (Sebi) data show, as compared to Rs 1.72 trillion in FY22
 "MF inflow in equities crosses Rs 1.5-trn for second straight fiscal")
TMS Ep382: Sebi crackdown, Bill Gates, markets, pump and dump scheme
Is Sebi finally cracking down on finfluencers? Why is Bill Gates worried about a new virus? Time to buy stocks related to home construction? What is a pump and dump scheme? All answers here
 "TMS Ep382: Sebi crackdown, Bill Gates, markets, pump and dump scheme")
Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life
Stocks to Watch: Mahanagar Gas has entered into a pact to acquire Unison Enviro, a subsidiary of Ashoka Buildcon, for Rs 531 crore
 "Stocks to Watch: Power Grid, HDFC, Mahanagar Gas, Naukri, IEX, Zydus Life")
Day after breather, benchmark indices fall on rising US 10-year yield
Analysts said investors are now trying to gauge how high-interest rates will rise in the US and Europe
 "Day after breather, benchmark indices fall on rising US 10-year yield")
Analysts turn cautious on Cipla as US FDA action delays key US launches
Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant
 "Analysts turn cautious on Cipla as US FDA action delays key US launches")
Weak sentiment
Stock markets are adjusting to new realities
 "Weak sentiment")
Markets end lower for 3rd month in a row: Here're best & worst of Nifty50
The domestic markets have sharply underperformed global peers, with the MSCI India declining 11 per cent in three months
 "Markets end lower for 3rd month in a row: Here're best & worst of Nifty50")
Triveni Turbine soars 10% to hit new high on healthy revenue growth outook
Till 01:56 pm; a combined 10.14 million shares, representing 3.2 per cent of the total equity of the company, had changed hands on the NSE and BSE
 "Triveni Turbine soars 10% to hit new high on healthy revenue growth outook")
Select Adani group shares rally; Adani Enterprises jumps 29% from day's low
Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%
 "Select Adani group shares rally; Adani Enterprises jumps 29% from day's low")
Foseco India surges 9%, hits over 5-year high on strong Dec quarter results
The company's board recommended a total final dividend of Rs 40 (400%) per share, including a one-time special dividend of Rs 15 (150%)
In a month, LIC stock down 15%, out of top 10 in market capitalisation
The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels
 "In a month, LIC stock down 15%, out of top 10 in market capitalisation")
Adani stocks trading at valuation premium over Sensex companies
Even after recent carnage, group firms' trailing P/E multiple at 29.4x, against 22.5x of 30-pack index
 "Adani stocks trading at valuation premium over Sensex companies")
Sell-off spree continues in FPIs; withdraw Rs 2,300-cr from equities in Feb
Foreign investors have turned cautious and pulled out Rs 2,313 crore from Indian equities so far this month ahead of the release of Federal Reserve's latest meeting minutes
 "Sell-off spree continues in FPIs; withdraw Rs 2,300-cr from equities in Feb")
GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes
Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say
 "GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes")
PineBridge looks past Adani Group saga to load up on stocks in India
The stock meltdown offered an entry point into what's historically an expensive market, according to Kelly, who also sits on PineBridge's management committee
 "PineBridge looks past Adani Group saga to load up on stocks in India")
Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab
Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind
 "Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab")
Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution
The NCLT decision to begin bankruptcy proceedings has overshadowed Zee Entertainment's merger with Culver Max Entertainment (Sony)
 "Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution")
