Page 51 - Latest Updates on Stock Market
Amara Raja Batteries stock falls 6.5% in intraday trade on block deals
The decline was mainly on account of nearly 30 million equity shares of the battery maker changing hands.
 "Amara Raja Batteries stock falls 6.5% in intraday trade on block deals")
India pips Germany into the $3-trillion market capitalisation club
India currently ranks eighth on the table of most-valued equity markets, ahead of Germany which has a market cap of $2.8 trillion
 "India pips Germany into the $3-trillion market capitalisation club")
M-cap of BSE-listed companies at record $3 trillion: Thank broader rally
Share of top 100 firms on the exchange in m-cap falls to 67.3%; analysts advise caution
 "M-cap of BSE-listed companies at record $3 trillion: Thank broader rally")
Market cap of BSE-listed companies hits $3 trillion for the first time
This is a remarkable feat, considering it had slipped below $1.5 trillion in March 2020 at the peak of the Covid-induced sell-off
 "Market cap of BSE-listed companies hits $3 trillion for the first time")
Visible Covid & market rally, invisible growth
The market rally is visible, as is the horrendous impact of Covid 19. What is invisible is earnings growth
SBI's March quarter showing impresses Street; stock jumps over 5%
Sequential comparisons indicate economic activity did not pick up
 "SBI's March quarter showing impresses Street; stock jumps over 5%")
NSE shares soar over 25% on boost from Securities Appellate Tribunal relief
The tribunal allows the exchange to use Rs 6,000 cr parked in an escrow
 "NSE shares soar over 25% on boost from Securities Appellate Tribunal relief")
Amid volatility, US investors look to Europe for next leg of stock gains
The focus on Europe comes as the region's benchmarks have kept pace with their US counterparts after years of underperformance
 "Amid volatility, US investors look to Europe for next leg of stock gains")
Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers
Most Asian markets traded weak after the overnight fall in the US markets
 "Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers")
Mutual fund small-cap schemes increase exposure towards cyclicals sectors
The top five buys of small-cap equity funds in April were Hindustan Copper, Hathway Cable & Datacom, Lux Industries, Bharat Rasayan and Dilip Buildcon
 "Mutual fund small-cap schemes increase exposure towards cyclicals sectors")
Broader mkts will outperform as they have better growth prospects: Gopkumar
During an interview, Gopkumar tells Ashley Coutinho that large companies in the financial space will gain market share and manage their books better
 "Broader mkts will outperform as they have better growth prospects: Gopkumar")
Index business grows as investors flock to passive funds for returns
Index-based products rise to top as active fund managers fail to impress clients.
 "Index business grows as investors flock to passive funds for returns")
Mid-cap stocks on a tear but beware of valuations, say analysts
BSE MidCap has doubled in value since the end of March 2020, against a 70% rally in Sensex
 "Mid-cap stocks on a tear but beware of valuations, say analysts")
Several companies rush to file draft red herring prospectus with Sebi
According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion) have filed their offer documents so far this month
 "Several companies rush to file draft red herring prospectus with Sebi")
Dip in Covid cases boosts indices; Sensex up 1.74%, FIIs remain net sellers
The uptick in global markets on optimism over the economic recovery helped counter concerns over rising inflation.
 "Dip in Covid cases boosts indices; Sensex up 1.74%, FIIs remain net sellers")
Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic
After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board
 "Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic")
Dramatic re-rating of the US at expense of other markets: Cameron Brandt
The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt
 "Dramatic re-rating of the US at expense of other markets: Cameron Brandt")
After strong Q4 performance, Asian Paints faces multiple challenges
The Covid wave, rising raw material costs can impact near-term sales
 "After strong Q4 performance, Asian Paints faces multiple challenges")
Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more
Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields
 "Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more")
17 of 24 small-cap funds deliver more than 100% returns in one year
These funds account for Rs 56,000 crore of category assets worth Rs 71,700 crore
 "17 of 24 small-cap funds deliver more than 100% returns in one year")
