Page 9 - Indian Markets
Shares snap four-day losing streak; Sensex gains 1.2%, Nifty 50 up 1.17%
The Nifty 50 index closed 1.17% higher at 18,014.60, and the S&P BSE Sensex gained 1.20% to 60,566.42, marking their biggest daily gain since Nov. 24
 "Shares snap four-day losing streak; Sensex gains 1.2%, Nifty 50 up 1.17%")
LIC Housing Finance raises lending rates by 35 bps, cites market conditions
'Good sustenance in home buying', says mortgage lender in statement
 "LIC Housing Finance raises lending rates by 35 bps, cites market conditions")
Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000
CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.
 "Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000")
Markets post biggest 1-day loss in nearly 3 months, Sensex ends below 60K
During the week, the Sensex fell 2.4 per cent and the Nifty 2.5 per cent, their worst weekly decline since June 17, 2022
 "Markets post biggest 1-day loss in nearly 3 months, Sensex ends below 60K")
Sensex tumbles over 950 points: Top 5 factors behind Friday's market crash
All sectors, meanwhile, drowned in the sea of red, with Nifty Media, Nifty Metal, Nifty Realty, and Nifty PSU Bank indices declining up to 6 per cent
 "Sensex tumbles over 950 points: Top 5 factors behind Friday's market crash")
Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%
Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively
 "Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%")
Markets are cyclical; we only romanticise the good part: Shankar Sharma
Every equity market across the globe has and will have its day, and Indian markets are having their day right now
 "Markets are cyclical; we only romanticise the good part: Shankar Sharma")
Markets are cyclical; we only romanticise the good part: Shankar Sharma
Every equity market across the globe has and will have its day, and Indian markets are having their day right now
Shankar Sharma at BFSI Summit: Budget 2023 shouldn't tinker with LTCG tax
Market closing: The S&P BSE Sensex dropped 241 points to end at 60,826 levels in a broad-based sell-off. The Nifty50 gave up the 18,150-mark to close at 18,127, down 72 points
 "Shankar Sharma at BFSI Summit: Budget 2023 shouldn't tinker with LTCG tax")
Will the dairy sector see margin relief in FY23?
Dairy companies have increased product prices several times this year. But the benefits don't seem to accrue. The question facing the dairy sector now is: When will these benefits start kicking in?
 "Will the dairy sector see margin relief in FY23?")
Top Headlines: Reliance to acquire METRO AG's India biz, Covid-19 alert
Business Standard brings you the top headlines at this hour
 "Top Headlines: Reliance to acquire METRO AG's India biz, Covid-19 alert")
Valuation gap with peers is expected to narrow for Axis Bank
It is leveraging the digital ecosystem, focusing on acquisition of corporate salary accounts, and also cross-selling products to existing clients
 "Valuation gap with peers is expected to narrow for Axis Bank")
Foreign investors buy Indian equities in Dec first half even as stocks slip
Foreign investors have latched on to domestic equities between Oct. 15 and Dec. 15 and are on course to become net buyers for two consecutive months
 "Foreign investors buy Indian equities in Dec first half even as stocks slip")
Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200
CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally
Sebi board approves phasing out shares buyback through stock exchanges
Buybacks will be undertaken through a separate window on stock exchanges until then
 "Sebi board approves phasing out shares buyback through stock exchanges")
Sebi to issue consultation paper for secondary market ASBA by March
Market regulator also working on new discussion paper for ESG rating providers
 "Sebi to issue consultation paper for secondary market ASBA by March")
IPO of Delhi-based Elin Electronics subscribed 37% on first day of offer
The initial share-sale of electronics manufacturing services company Elin Electronics received 37 per cent subscription on the first day of offer on Tuesday. The Initial Public Offer (IPO) got bids for 52,35,360 shares against 1,42,09,386 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) was subscribed 55 per cent, non-institutional investors portion received 43 per cent subscription and Qualified Institutional Buyers (QIBs) 1 per cent. The IPO has a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore aggregating up to Rs 475 crore. Price range for the IPO is at Rs 234-247 a share. Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country. Axis Capital and JM Financial are the managers to the offer.
 "IPO of Delhi-based Elin Electronics subscribed 37% on first day of offer")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
Share buyback and revamp of disclosure norms on Sebi board's agenda
New framework proposes enhancing amount companies can repurchase vis-a-vis free reserves
Sebi proposes major changes in investor grievance redressal mechanism
Along with making the process completely online, Sebi has suggested measures for reducing cost
 "Sebi proposes major changes in investor grievance redressal mechanism")
