Page 12 - Latest Updates on Stock Market
Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC
Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex
 "Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC")
Mixed day for Adani Group companies; AEL falls 4,2%, Adani Wilmar up 2.8%
The stock of Adani Power closed at Rs 196.05, Adani Transmission at Rs 860.85, Adani Green Energy at Rs 650.55 and Adani Total Gas at Rs 904.95 apiece on BSE
 "Mixed day for Adani Group companies; AEL falls 4,2%, Adani Wilmar up 2.8%")
How to approach IT stocks amid tighter monetary policy, recession fears?
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
 "How to approach IT stocks amid tighter monetary policy, recession fears?")
Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook
The company said that the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sectors
 "Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook")
SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma
In November 2022, SeQuent had announced the acquisition of Tineta Pharma for Rs 218 crore but the said transaction has not materialised
 "SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma")
Stocks to Watch: Bharat Forge, Shoppers Stop, Gokaldas, Lotus Chocolate
Stocks to Watch: As per a report, Clear Wealth Consultancy Svcs LLP will likely sell 8.25 per cent stake via block deal in Gokaldas Exports today
 "Stocks to Watch: Bharat Forge, Shoppers Stop, Gokaldas, Lotus Chocolate")
Stocks to Watch: HAL, L&T, Allcargo Logistics, Zee Ent, Power Grid, NBCC
Stocks to Watch: Zee Entertainment has entered a settlement agreement with operational creditor Indian Performing Rights Society to settle all claims and disputes
 "Stocks to Watch: HAL, L&T, Allcargo Logistics, Zee Ent, Power Grid, NBCC")
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
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")
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")
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
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")
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")
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%)