Page 21 - Latest Updates on Stock Market
Near-term growth concerns, further price cuts to cap returns for Marico
Further price cuts, higher advertising costs to weigh on margins
 "Near-term growth concerns, further price cuts to cap returns for Marico")
MSCI India index rebalancing could stoke Rs 13,000-crore churn
Varun Beverages, Tube Investments, IHCL seen as potential inclusions
 "MSCI India index rebalancing could stoke Rs 13,000-crore churn")
White-knuckle volatility forces companies to let IPO approvals lapse
Some firms may blue-pencil valuations because of capital requirement compulsions or for providing exits to their investors. Still others can afford to wait
 "White-knuckle volatility forces companies to let IPO approvals lapse")
Select segments within PSU theme could outperform amid economic uptick
Public-sector banks, defence stocks could do well; PSUs exposed to commodities are at risk
 "Select segments within PSU theme could outperform amid economic uptick")
Sensex revisits 61K amid upbeat global cues; bank, auto stocks spurt
Rising for the second straight day, the 30-share BSE Sensex ended 234.79 points or 0.39 per cent higher at 61,185.15 after a choppy session
 "Sensex revisits 61K amid upbeat global cues; bank, auto stocks spurt")
LIVE: Court orders blocking Congress' Twitter for copyright infringement
From Delhi air pollution restrictions being lifted to Musk's threat to Twitter account impersonators, catch all the live updates from across the globe here
 "LIVE: Court orders blocking Congress' Twitter for copyright infringement")
The bogey of Oct Effect: 'Month of market crashes' spooks trading community
The average daily trading volume (ADTV) for the National Stock Exchange's equity cash segment has declined sequentially in seven of the 11 years
 "The bogey of Oct Effect: 'Month of market crashes' spooks trading community")
Mcap of 7 of top-10 most valued firms rises Rs 1.33 trn; Reliance leads
Seven of the top-10 most valued firms together added Rs 1.33 trillion in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner
 "Mcap of 7 of top-10 most valued firms rises Rs 1.33 trn; Reliance leads")
IndiGo Q2 loss widens by 10% due to rupee depreciation, high fuel prices
The company is confident that it will return to operational profitability in Q3
 "IndiGo Q2 loss widens by 10% due to rupee depreciation, high fuel prices")
GAIL Q2 net profit down 46% on higher prices, Russian gas disruption
In an emergency bid to secure stable LNG supply, GAIL has sought to expedite talks on short- and long-term supply deals with Gulf firm ADNOC
 "GAIL Q2 net profit down 46% on higher prices, Russian gas disruption")
Varun Beverages, ABB, Page among six stocks that could become large-caps
They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics
 "Varun Beverages, ABB, Page among six stocks that could become large-caps")
Cipla Q2 PAT up 11% PAT to Rs 789 cr on strong Covid-adjusted growth rate
The company is de-risking key product Abraxane in case the Goa plant FDA issue is not cleared immediately
 "Cipla Q2 PAT up 11% PAT to Rs 789 cr on strong Covid-adjusted growth rate")
Despite buoyancy in market, stock trading activity declines in October
Cash market turnover fell almost 20% in October as rally take traders by surprise
 "Despite buoyancy in market, stock trading activity declines in October")
LIC Hsg Finance's Q2 net up 23% to Rs 305 cr on dip in provisions
Net interest income and margin both decline; disbursements up 4% to Rs 16,786 crore
 "LIC Hsg Finance's Q2 net up 23% to Rs 305 cr on dip in provisions")
Subdued equity market slows mutual fund penetration, shows data
Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions
 "Subdued equity market slows mutual fund penetration, shows data")
Vedanta stock slips over dip in commodity prices despite in-line Q2 show
Soft prices of commodities including metals is weighing on investor sentiment
 "Vedanta stock slips over dip in commodity prices despite in-line Q2 show")
Busiest week for IPOs this year with four offers set to hit market
The last time four IPOs had hit market was in Dec 2021; latest rush notwithstanding, year 2022 has been lukewarm for IPOs with sustained FPI outflows, spike in volatility, correction in broader mkts
 "Busiest week for IPOs this year with four offers set to hit market")
Reduce the behaviour gap with a higher exposure to diversified funds
Avoid trying to time entry and exit from funds; hold for at least one complete cycle
 "Reduce the behaviour gap with a higher exposure to diversified funds")
Uncertainty on revenue growth, margin outlook hits Gland Pharma stock
The injectable manufacturing company expects the margin pressure to persist due to cost pressures and negative operating leverage.
 "Uncertainty on revenue growth, margin outlook hits Gland Pharma stock")
Nykaa and Policy Bazaar slide as one-year lock-in period nears end
Selling pressure is seen whenever the lock-in period meant for IPO anchor investors ends, particularly in companies backed by private equity investors
 "Nykaa and Policy Bazaar slide as one-year lock-in period nears end")
