Page 14 - Latest Updates on Stock Market
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 rout creates a dent in Quant MF portfolios as key holdings shed 24%
At the end of January, Quant MF had close to Rs 950 crore investment in Adani Ports and Ambuja Cement
 "Adani rout creates a dent in Quant MF portfolios as key holdings shed 24%")
Hindenburg effect: Trading volumes rose amid rout in Adani Group shares
Higher volatility in markets prompts traders to get more active
 "Hindenburg effect: Trading volumes rose amid rout in Adani Group shares")
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")
Apollo Hospitals Q3 results: Net profit declines 33% to Rs 153 crore
Revenue of existing hospitals grew 9 per cent, while the new hospitals grew by 8 per cent
 "Apollo Hospitals Q3 results: Net profit declines 33% to Rs 153 crore")
Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit
For Q3FY23, Adani Enterprises' consolidated profit after tax (PAT) came in at Rs 820 crore as against a loss of Rs 12 crore in the same quarter last fiscal (Q3FY22)
 "Adani Enterprises bounces 17% from day's low on massive jump in Q3 profit")
Equity investors remain bullish on metal and mining stocks, shows data
This has driven a wedge between companies' earnings and their market capitalisation
 "Equity investors remain bullish on metal and mining stocks, shows data")
Despite numerous books, good financial advice hasn't changed in 300 years
Mortimer's success at opening up what was in retrospect an obvious market (who doesn't want to know how to get rich?) encouraged a raft of similar publications
 "Despite numerous books, good financial advice hasn't changed in 300 years")
Adani saga: Easy come, easy go
The story of "sudden volatility" isn't so sudden and starts in mid-2020, except that it was upward volatility then
Adani-Hindenburg row: Supreme Court for expert panel on investors' safety
Seeks Sebi's response on regulatory framework modification
 "Adani-Hindenburg row: Supreme Court for expert panel on investors' safety")
Paytm slips 9% intra-day as nearly 5% equity changes hands on NSE
Till 09:50 am; around 32.25 million equity shares, representing nearly 5 per cent of total equity of Paytm, had changed hands on the counter, data showed
 "Paytm slips 9% intra-day as nearly 5% equity changes hands on NSE")
Stay selective on defensives amid current market volatility: Analysts
Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively
 "Stay selective on defensives amid current market volatility: Analysts")
Fresh troubles: Adani Group stocks decline on MSCI free float review
Index provider questions 'characteristics' of investors; validation, says Hindenburg chief
Domestic shareholding NSE-listed firms hit fresh record high of 24.44%
Shareholding of retail investors fell 11 basis points quarter-on-quarter to 7.23%, while that of high networth individuals (HNIs) also declined 1 bp to 1.89%
 "Domestic shareholding NSE-listed firms hit fresh record high of 24.44%")
Here's why Vinay Rajani is bullish on Dr Reddy's, Oracle Financial Services
As per the technical analyst, the Budget session high of 17,973 and low of 17,353 have become crucial levels to watch out for any directional move in the Nifty index
 "Here's why Vinay Rajani is bullish on Dr Reddy's, Oracle Financial Services")