Page 69 - Latest Updates on Stock Market
The huge disconnect
Gloomy economic narrative does not justify stock market highs
 "The huge disconnect")
Sensex races past developed markets in last one month, rises 14.2%
The benchmark BSE Sensex is up 14.2 per cent in the past one month against a 3 per cent appreciation in the Dow Jones during the period.
 "Sensex races past developed markets in last one month, rises 14.2%")
Delisting spree: Investors in India betting on which companies will be next
In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks
 "Delisting spree: Investors in India betting on which companies will be next")
Sensex falls 561 points on weak global cues as Covid-19 worries mount
The index dropped as much as 911 points from the day's high
 "Sensex falls 561 points on weak global cues as Covid-19 worries mount")
Eight of top 10 firms add Rs 1.76 trillion in m-cap; Reliance leads rally
Top losers were ITC, HUL
 "Eight of top 10 firms add Rs 1.76 trillion in m-cap; Reliance leads rally")
Participatory notes investments rise to over Rs 60,000 cr till May
P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be part of the Indian stock market without registering themselves directly
 "Participatory notes investments rise to over Rs 60,000 cr till May")
Banking stocks help indices log biggest single-day gain in three weeks
Sensex rises 2.1%, Bankex surges 3.8% after SC directions in AGR case
 "Banking stocks help indices log biggest single-day gain in three weeks")
Interesting nudge from Sebi with takeovers
The thinking is, enabling infusion of funds into the company would be better than purchasing shares in the market
Reliance Industries' partly paid share price more than doubles on debut
Close at Rs 698 against the issue price of Rs 314.25 and 73% premium to intrinsic value
 "Reliance Industries' partly paid share price more than doubles on debut")
Second wave of Covid-19 fears weigh on markets; Sensex falls 552 points
Poor factory output data from China also dampened investor sentiment
 "Second wave of Covid-19 fears weigh on markets; Sensex falls 552 points")
After jolt, investors still see stocks as long-term bet amid Covid-19 risks
Stocks opened sharply higher on Friday, but then lost those gains by mid-afternoon
 "After jolt, investors still see stocks as long-term bet amid Covid-19 risks")
Sensex sees 1,500-point swing on gains in European and US futures market
Gains in European, US futures help index stage a comeback
 "Sensex sees 1,500-point swing on gains in European and US futures market")
Markets retesting March 2020 low is within the realms of possibility
As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.
 "Markets retesting March 2020 low is within the realms of possibility")
Indices tumble as worries over second wave of infections cloud sentiment
Fed's assessment of a long-lasting damage to US economy dented risk appetite
 "Indices tumble as worries over second wave of infections cloud sentiment")
Financial sector drags down Nifty's P/B value below historical average
Index trading at price-to-book ratio of 2.9x, compared to 20-year average of 3.5x
 "Financial sector drags down Nifty's P/B value below historical average")
Sensex, Nifty give up gains after strong start; still end in the green
After climbing to 34,928 in intra-day trade, the Sensex settled at 34,371 - 557 off the day's high but 83 points more than the previous close
 "Sensex, Nifty give up gains after strong start; still end in the green")
Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years
Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.
Nifty reclaims 10,000-mark, a first in 3 months as indices gain for 6th day
The Nifty ended the session at 10,062, gaining 0.83 per cent, or 83 points. The Sensex, on the other hand, rose 284 points, or 0.84 per cent, to end the session at 34,110
 "Nifty reclaims 10,000-mark, a first in 3 months as indices gain for 6th day")
Markets shrug off Moody's rating downgrade; Sensex, Nifty rise 1.6%
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
 "Markets shrug off Moody's rating downgrade; Sensex, Nifty rise 1.6%")
Moody's cuts India's rating to 'Baa3', maintains negative outlook
The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks
 "Moody's cuts India's rating to 'Baa3', maintains negative outlook")
