Page 26 - Latest Updates on Stock Market
Sebi tweaks rules for sharp rating actions, non-cooperating issuers
Sebi comes out with circular with changes, also tweaks policy to deal with non-cooperating issuers
 "Sebi tweaks rules for sharp rating actions, non-cooperating issuers")
India's valuation premium to emerging market peers at five-month high
Nifty P/E 82% higher than MSCI EM; up from 54% in June
 "India's valuation premium to emerging market peers at five-month high")
Demand growth stays buoyant for Cummins India; profitability under pressure
Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.
 "Demand growth stays buoyant for Cummins India; profitability under pressure")
US: AMC, Bed Bath & Beyond lead rout in meme stocks as mania fizzles
AMC Entertainment Holdings Inc. plunged 38% in premarket trading ahead of its debut of a new class of shares and after peer Cineworld Group Plc confirmed it may go bankrupt.
 "US: AMC, Bed Bath & Beyond lead rout in meme stocks as mania fizzles")
Radhakishan Damani to be the main trustee of Jhunjhunwala's investments
Rakesh Jhunjhunwala, who passed away on August 14, is said to have 'meticulously' planned everything about his wealth as he had been sick for over 8 months
 "Radhakishan Damani to be the main trustee of Jhunjhunwala's investments")
GoAir to Mobikwik: IPOs worth Rs 32,881 cr 'to expire' by Dec-end
Out of 27 such IPOs, the offer of GoAir will be the first one to expire
 "GoAir to Mobikwik: IPOs worth Rs 32,881 cr 'to expire' by Dec-end")
Promoters trimmed pledges in Q1 as markets down 10%, holdings down 1.5%
Share pledging by promoters declined during the April-June quarter (first quarter, or Q1) of 2022-23 (FY23) as markets fell close to 10 per cent
 "Promoters trimmed pledges in Q1 as markets down 10%, holdings down 1.5%")
Nifty snaps 8-day winning run on weak global cues; Sensex falls 652 points
Fed remarks, China growth concerns hit sentiment
 "Nifty snaps 8-day winning run on weak global cues; Sensex falls 652 points")
Sensex on track to hit 65,000 in the medium-term, charts show
As per the technical charts, the Sensex has crossed two big crucial levels of 58,500 and 59,800. This scenario is likely to trigger a fresh rally that can see the index cross the last all-time high
 "Sensex on track to hit 65,000 in the medium-term, charts show")
Stocks to Watch: GAIL, Sona BLW, ONGC, Natco Pharma, RIL, Airtel, Vodafone
Stocks to Watch: Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar
 "Stocks to Watch: GAIL, Sona BLW, ONGC, Natco Pharma, RIL, Airtel, Vodafone")
Sharp surge in markets boosts equity share sales of listed companies
A sharp surge in the market from this year's lows in June is stoking equity-share sales at listed companies
Rakesh Jhunjhunwala: The Bull of all seasons
One of the best things about him was that he wanted people, his friends, and the masses at large, to make money, writes Raamdeo Agrawal of Motilal Oswal Financial Services
Jhunjhunwala understood businesses way better than others: Motilal Oswal
Even in adverse situations, Jhunjhunwala's optimism for India used to never falter, which led him to build such a huge empire
 "Jhunjhunwala understood businesses way better than others: Motilal Oswal")
Q1 results: Hero MotoCorp's net profit rises 71% on higher sales
Net profit of the Splendor and Glamor brands' maker increased to Rs 625 crore from Rs 365.44 crore in the same quarter a year ago
 "Q1 results: Hero MotoCorp's net profit rises 71% on higher sales")
Nifty gains in 7 of last 8 weeks dust off recession fears, for now
On Friday, the Sensex gained 130 points, or 0.2 per cent, to end the session at 59,462
 "Nifty gains in 7 of last 8 weeks dust off recession fears, for now")
Stocks to watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India
Stocks to watch today: LIC, ONGC, HAL will report their June quarter results (Q1FY23) on Friday, August 12; NMDC hikes prices of lump iron ore by Rs 200 a tonne and fines by Rs 100 a tone.
 "Stocks to watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India")
Tyre maker Balkrishna Industries FY23 volume, margin seen under pressure
Company's near term will be tough, but brokerages believe it will continue to gain market share
 "Tyre maker Balkrishna Industries FY23 volume, margin seen under pressure")
BofA Sec sees more mkt corrections, revises 2022-end Nifty target to 15,600
However, when compared to the brokerage's own call in June, this is an upward revision of the target because it had previously estimated the Nifty at 14,500 points
 "BofA Sec sees more mkt corrections, revises 2022-end Nifty target to 15,600")
Roll-out of 5G tech will map Bharti Airtel's stock trajectory: Analysts
Investors need to stay vigilant as payback from 5G is still unclear (across telcos globally), and may put pressure on tariff hikes, analysts cautioned
 "Roll-out of 5G tech will map Bharti Airtel's stock trajectory: Analysts")
EPFO made over Rs 67,000 crore from exchange-traded funds, shows data
Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20
 "EPFO made over Rs 67,000 crore from exchange-traded funds, shows data")