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Page 30 - Latest Updates on Stock Market
Gland Pharma rides high on valuation comfort, strong growth prospects
Target prices post brokerage upgrades point to more upsides
 "Gland Pharma rides high on valuation comfort, strong growth prospects")
Amfi stock reclassification review period nears end, lifting these stocks
Twelve stocks are moving from mid-cap to small-cap, reveals an analysis by analyst Brian Freitas of Periscope Analytics
 "Amfi stock reclassification review period nears end, lifting these stocks")
Markets may fall further on FPI selling, 14,500 level crucial for Nifty
If 14,500 support levels for Nifty are breached, a dip till 13,250 is possible
 "Markets may fall further on FPI selling, 14,500 level crucial for Nifty")
Sensex snaps six-day losing streak, ends 237 pts higher; Nifty tops 15,300
In the previous session, both indices had finished at their lowest levels since May 2021 after dropping over 7 per cent in six straight sessions
 "Sensex snaps six-day losing streak, ends 237 pts higher; Nifty tops 15,300")
Adverse global events may lead to $100-bn portfolio outflows: RBI article
India's forex reserves, at $596 billion in the week ended June 10, equivalent to less than 10 months of imports projected for 2022-23
 "Adverse global events may lead to $100-bn portfolio outflows: RBI article")
Flight of FPIs continues; equities worth Rs 31,430 crore sold in June yet
Aggressive rate hike by the US Federal Reserve, coupled with elevated inflation and high valuation of equities continued to keep foreign investors at bay from the Indian stock market
 "Flight of FPIs continues; equities worth Rs 31,430 crore sold in June yet")
Week of rate hikes has stocks on course for steepest slide since 2020
World stocks are down 5.7% for the week so far, on course for the steepest weekly percentage drop in more than two years
 "Week of rate hikes has stocks on course for steepest slide since 2020")
Millennials hunting for returns drive risk-hungry investing in India
Indian retail investors pouring money into new and lightly controlled assets sets India apart, after the pandemic fueled the rise of retail investors globally
 "Millennials hunting for returns drive risk-hungry investing in India")
With $17-bn wipeout, LIC IPO among biggest wealth destroyers in Asia
LIC's shares are poised to fall for a 10th consecutive session, slipping as much as 5.6% Monday after a mandatory lock-up period for anchor investors ended Friday
 "With $17-bn wipeout, LIC IPO among biggest wealth destroyers in Asia")
Bharat Forge's underperformance may continue as truck orders keep low
Uncertainty on revival of demand is a key overhang for the stock
 "Bharat Forge's underperformance may continue as truck orders keep low")
Bank stocks lag on concerns over treasury loss and slower growth
Higher interest rate, though, should help improve short-term margins and spread
 "Bank stocks lag on concerns over treasury loss and slower growth")
LIC, 7 other firms in focus as anchor investors' lock-in period ends
Share price comes under pressure around the time when such a deadline is over, trend shows
 "LIC, 7 other firms in focus as anchor investors' lock-in period ends")
Market correction insufficient and pressure to continue, says Nomura
They could correct another 5% to 15% due to stress in the macro economy, says the brokerage.
 "Market correction insufficient and pressure to continue, says Nomura")
Rising interest rates could weigh on valuations of Indian stock markets
Exporters, and low debt, non-capital-intensive businesses should do better
 "Rising interest rates could weigh on valuations of Indian stock markets")
Sugar mills question export quota allotment; Centre says it's transparent
ISMA ups 2021-22 sugar production estimate to a record 36 million tonnes
 "Sugar mills question export quota allotment; Centre says it's transparent")
Retail investors acting like shock absorbers in stock market: Sitharaman
Amid continuing volatility in the stock market, FM Nirmala Sitharaman said retail investors seem to act as shock absorbers even when foreign portfolio investors went away
 "Retail investors acting like shock absorbers in stock market: Sitharaman")
Aether Industries surges 21% on listing day to end at Rs 777 on BSE
This was the second highest gain on debut this year for IPOs of over Rs 150 cr, after Campus Activewear
 "Aether Industries surges 21% on listing day to end at Rs 777 on BSE")
Sensex posts third straight weekly gain despite 660-point drop on Friday
Gains in RIL propelled market during the week
 "Sensex posts third straight weekly gain despite 660-point drop on Friday")
Sebi revokes order against Poonawalla Finance MD & CEO Abhay Bhutada
Proceedings against other entities to continue
 "Sebi revokes order against Poonawalla Finance MD & CEO Abhay Bhutada")
YES Bank board approves buyback of overseas bonds up to $200 mn
The lender will do the repurchase at 97% of the principal amount of the notes.
 "YES Bank board approves buyback of overseas bonds up to $200 mn")