Page 18 - Latest Updates on Stock Market
IT stocks tumble as Credit Suisse warns of valuation-led correction
Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top
 "IT stocks tumble as Credit Suisse warns of valuation-led correction")
Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade
Analysts say the correction is nothing to be worried about as it is typical of markets to consolidate after reaching new record highs
 "Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade")
Vadilal Ind soars 10% on board nod to buy 'Vadilal' brand from promoter co
The company's board on Thursday approved the purchase of the "Vadilal" brand from its promoter group entity Vadilal International; the stock later pared half of its gains
 "Vadilal Ind soars 10% on board nod to buy 'Vadilal' brand from promoter co")
Rail stocks may chug along till budget; book profit selectively: Analysts
Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23
 "Rail stocks may chug along till budget; book profit selectively: Analysts")
LTIMindtree down 2%; sheds 9% in four days after market debut
LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger
 "LTIMindtree down 2%; sheds 9% in four days after market debut")
RBI monetary policy review: Is it time to pick fixed-income securities?
Despite a repo rate increase on expected lines, equity markets edged lower as the governor rang alarm bells over sticky core inflation
 "RBI monetary policy review: Is it time to pick fixed-income securities?")
Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy
CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil
 "Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy")
Valuations in 'high optimism zone' as Nifty forward P/E tops 20x: ICICI Sec
Historically, one-year returns for the markets have been tepid whenever valuations have been in this zone, reveals a study by the brokerage
 "Valuations in 'high optimism zone' as Nifty forward P/E tops 20x: ICICI Sec")
Astra Microwave jumps 7%; board to consider Rs 400-cr fund-raise on Friday
In the past three months, the stock of the aerospace & defence company has underperformed the market by falling 2 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex
Sensex down 208 pts, Nifty below 18,650 day head of RBI decision; PSBs gain
CLOSING BELL: Among sectors, the Nifty IT index fell 1.5 per cent, while the Nifty PSU Bank index gained 1.2 per cent
 "Sensex down 208 pts, Nifty below 18,650 day head of RBI decision; PSBs gain")
Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh
CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.
Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days
The removal of export duty is a significant relief and a long term positive for the domestic steel sector, according to analyst at ICICI Securities.
 "Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days")
Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine
CLOSING BELL: Global cues triggered by Powell's positive remarks boosted sentiment. The Sensex scaled a new high at 63,583, while the Nifty 50 came within striking distance of 18,900 on Thursday.
 "Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine")
Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750
CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.
This newly listed SME stock has zoomed 107% against its issue price
With today's rally, the stock price of Technopack Polymers has more-than-doubled or zoomed 107 per cent against its issue price of Rs 55 per share
Uniparts India IPO: Here's why analysts recommend subscribing to the issue
Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products
 "Uniparts India IPO: Here's why analysts recommend subscribing to the issue")
ICICI Bank, HUL, ITC help lift Sensex 177 pts, Nifty above 18,600; PSBs dip
CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,887, and the Nifty 50 registered a new summit at 18,678 on Tuesday.
Sensex ends at record closing, rises 211 pts; Nifty holds 18,550; RIL up 3%
CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,701, and the Nifty 50 registered a fresh summit at 18,614 on Monday
 "Sensex ends at record closing, rises 211 pts; Nifty holds 18,550; RIL up 3%")
Pak stocks crash after sudden interest rate hike to highest since 1999
The Pakistan Stock Exchange (PSX) crashed at the opening bell today in reaction to the State Bank of Pakistan's (SBP) unforeseen hike on November 25
 "Pak stocks crash after sudden interest rate hike to highest since 1999")
IEX falls 2% as board approves Rs 98 crore share buyback via open market
The board approved buyback of equity shares of the company at a price not exceeding Rs 200 per share and not exceeding Rs 98 crore through the open market
 "IEX falls 2% as board approves Rs 98 crore share buyback via open market")
