Page 53 - Latest Updates on Stock Market
India's m-cap declines 2.5%, only top-15 nation to see erosion in April
Only market among top 15 to see a fall; world m-cap has risen 4.2% in April
 "India's m-cap declines 2.5%, only top-15 nation to see erosion in April")
Escorts Heart Institute receives Sebi notice in funds diversion case
Fortis Healthcare on Friday said its subsidiary, EHIRCL, received the notice on April 15, 2021
 "Escorts Heart Institute receives Sebi notice in funds diversion case")
Indices eke out slim gains, close lower for the week; Asian Paints up 3%
A strong recovery in the rupee, which zoomed 58 paise, and a bullish trend in global equities supported the bourses on Friday, traders said
 "Indices eke out slim gains, close lower for the week; Asian Paints up 3%")
Markets extend gains to second day as banks, financial stocks rally
A recovering rupee and positive global cues also propped up the bourses, traders said
 "Markets extend gains to second day as banks, financial stocks rally")
Foreign brokerages temper return expectation from Indian equities
Goldman Sachs analysts now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their 'overweight' stance on India for now
 "Foreign brokerages temper return expectation from Indian equities")
Near-term growth on market share gains to remain robust for Astral Poly
Valuations, PVC price moderation may, however, keep the stock under pressure
 "Near-term growth on market share gains to remain robust for Astral Poly")
Fund managers pare holdings in several blue chip stocks in March
Nine of the 10 most-sold stocks were part of the Nifty50
 "Fund managers pare holdings in several blue chip stocks in March")
Metal and mining stocks' weight touches two-year high on Nifty50
Market cap of top 10 firms has risen 33% since January
 "Metal and mining stocks' weight touches two-year high on Nifty50")
Virus second wave: Goldman Sachs lowers growth forecast, Nifty target
Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns
 "Virus second wave: Goldman Sachs lowers growth forecast, Nifty target")
Individual investors seeking yield in India snap up risky firms' debt
Company note sales to retail investors have more than doubled from a year earlier to Rs 6,720 crore so far in 2021
 "Individual investors seeking yield in India snap up risky firms' debt")
Bears maul markets: Indices plunge 3.5%, m-cap worth Rs 8.8 trn wiped out
The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent
 "Bears maul markets: Indices plunge 3.5%, m-cap worth Rs 8.8 trn wiped out")
Prabhat Dairy to be delisted from BSE and NSE on April 30
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said
 "Prabhat Dairy to be delisted from BSE and NSE on April 30")
Indian indices lag most global peers: Sensex has declined 5.8% in April
This is a sharp reversal in fortunes as till mid-February India was among the best-performing markets, with returns in excess of 10 per cent
 "Indian indices lag most global peers: Sensex has declined 5.8% in April")
Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020
The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year
 "Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020")
Upstox alerts users of data breach; says funds, securities remain safe
Retail broking firm Upstox has alerted customers of a security breach that included contact data and KYC details of customers, but assured users that their funds and securities remain safe.
 "Upstox alerts users of data breach; says funds, securities remain safe")
Sebi's delay makes RIL order absurd
In January 2000, the promoters of Reliance Industries Ltd (RIL), and other entities acting in concert, raised their stake in RIL by 6.83 per cent through converting warrants issued in 1994
Macrotech's Rs 2,500-cr IPO gets lukewarm response from investors
The 36.42-million offering got less than 50 million bids with retail and employee portions of the issue remaining undersubscribed at 40 per cent and 17 per cent, respectively
 "Macrotech's Rs 2,500-cr IPO gets lukewarm response from investors")
 "Sneak peak into the exhilarating life of Vibhor Varshney, a stock market expert taking the industry by its horns")
Vedanta open offer subscribed just 58% after failed delisting bid
Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%
 "Vedanta open offer subscribed just 58% after failed delisting bid")
Risks beyond growth
RBI should not undermine the price and financial stability objectives
 "Risks beyond growth")
