Page 30 - Latest Updates on Stock Market
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")
HAL stock at new high on strong Q4, prospect of bagging defence orders
State-owned aeronautics firm appears to have countercyclical strength, as supply of spares and lack of diversification are potential downside risks.
 "HAL stock at new high on strong Q4, prospect of bagging defence orders")
Freak trade in Nifty options? Contracts with strike price 14,500 allowed
Market players said this could be due to punching error where the trader sold 14,500 call options instead of 16,500 call options
 "Freak trade in Nifty options? Contracts with strike price 14,500 allowed")
Cash volumes fall in May as market volatility keeps away investors
Regulatory changes and curbs on intraday leverage hurt volumes and push change to the derivative options segment.
 "Cash volumes fall in May as market volatility keeps away investors")
Billionaires bet on Indian cement sector for big ticket investments
Premji Invest, Damani pick up minority stakes in smaller cement companies
 "Billionaires bet on Indian cement sector for big ticket investments")
Most Nifty 50 firms beat sales estimates, many fare worse on profitability
Companies with a larger profit helped the overall Nifty50 EPS register growth, despite the average company in the set taking a hit
 "Most Nifty 50 firms beat sales estimates, many fare worse on profitability")
LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY
The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective
 "LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY")
