Page 13 - Latest Updates on Stock Market
M-cap ranking: India worst-performing in 2023, United Kingdom now sixth
India's contribution to the world market cap too has slipped below 3 per cent after having topped 4 per cent in October 2022
 "M-cap ranking: India worst-performing in 2023, United Kingdom now sixth")
UK overtakes India as world's 6th-biggest stock market with $3.11 trn mcap
The UK's equity market capitalization remains behind France after losing its place as Europe's biggest stock market last year.
 "UK overtakes India as world's 6th-biggest stock market with $3.11 trn mcap")
Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts
Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead
 "Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts")
Triveni Turbine rises 2% to hit new high in weak market on strong outlook
During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY
 "Triveni Turbine rises 2% to hit new high in weak market on strong outlook")
Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
 "Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc")
This beaten down pharma stock has zoomed over 50% in last 11 trading days
Shares of Dishman Carbogen Amcis zoomed 14 per cent to Rs 124 on the BSE in Tuesday's intra-day trade on the back of heavy volumes
 "This beaten down pharma stock has zoomed over 50% in last 11 trading days")
Power stocks surge as govt orders coal-based plants to run at full capacity
The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer
 "Power stocks surge as govt orders coal-based plants to run at full capacity")
Are the markets ignoring the possibility of higher inflation?
Globally, too, sticky inflation seems to be a cause for concern. Last week, two Federal Reserve (US Fed) officials suggested that the US central bank may need to keep interest rates elevated ahead
 "Are the markets ignoring the possibility of higher inflation?")
Stock bearing the brunt of Adani Group rout is at risk of more losses
Adani Total was down by its limit in early trading on Monday. It has done so each day since Jan. 27.
 "Stock bearing the brunt of Adani Group rout is at risk of more losses")
Despite a poor start, we like Indian market: Julius Baer's Mark Matthews
"The Hindenburg-Adani Group affair will eventually become yesterday's news, and the market will focus on the fact that India does have strong earnings growth this year"
 "Despite a poor start, we like Indian market: Julius Baer's Mark Matthews")
Global trends, foreign funds movement to guide equities this week
Markets may face volatile trends amid derivatives expiry during the week
 "Global trends, foreign funds movement to guide equities this week")
Signs that Adani shock for India's $3.1 trn stock market is ebbing fast
Fund managers see India's main equity indexes both ending the year higher than current levels, according to a Bloomberg News survey, as strong domestic demand boosts corporate earnings
 "Signs that Adani shock for India's $3.1 trn stock market is ebbing fast")
Increase in trade volume 'market driven', says Adani Transmission
It was responding to a BSE query seeking clarification with reference to movement in volume of its shares. ATL said the increase in trading volume/price of the shares is purely market driven
 "Increase in trade volume 'market driven', says Adani Transmission")
China eases overseas listing rules, paving way for IPO rebound
The CSRC reiterated that Chinese companies seeking to sell shares abroad would have to register with the regulator after a transition period
 "China eases overseas listing rules, paving way for IPO rebound")
New tax norm to hurt insurers; stocks attractive for the long run: Analysts
Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products
 "New tax norm to hurt insurers; stocks attractive for the long run: Analysts")
InterGlobe Aviation slips 5% after 4% equity changes hands via block deal
Rakesh Gangwal was set to pare his stake in IndiGo by a further 4 per cent via block deals on Thursday. The block deal was said to be for 1.56 crore shares worth Rs 2,930 crore
 "InterGlobe Aviation slips 5% after 4% equity changes hands via block deal")
Three Adani stocks could face MSCI axe in May as sell-off tops $400 mn
The stocks on watch are Adani Power, Adani Total Gas and Adani Transmission; analyst says Adani Green Energy may also get deleted from index
 "Three Adani stocks could face MSCI axe in May as sell-off tops $400 mn")
Bharat Forge dips 7% on weak performance of overseas subsidiaries in Q3
The company's overseas operations posted an EBITDA loss of Rs 62 crore in December quarter due to ramp up related issues of the new Al forgings capacities in Germany and the US
 "Bharat Forge dips 7% on weak performance of overseas subsidiaries in Q3")
Adani Group vows to reduce leverage, flagship swings back to profit
The group has been under pressure since the Hindenburg report that accused it of accounting fraud and stock manipulation
 "Adani Group vows to reduce leverage, flagship swings back to profit")
Adani stocks rout rattles confidence in local insurer assets, says Bain
A stock rout has wiped $127 billion off the market value of Adani's empire after a scathing report by short seller Hindenburg Research on Jan 24
 "Adani stocks rout rattles confidence in local insurer assets, says Bain")
