Page 13 - Latest Updates on Stock Market
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")
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")
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")
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")
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")
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")
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")
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")
Global trends, foreign funds movement to guide equities this week
Markets may face volatile trends amid derivatives expiry during the week
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")