Page 11 - Market News

India's decoupling from global capital market surprising: Mukul Kochhar

Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.

IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year

The retail shareholding has increased to 6.37% at the end of September, as compared to 2.79% at the time of listing

Stocks to Watch: Tech M, Adani Ports, Hero Moto, Voltas, Eicher Motors, RIL

Stocks to watch today: Tech Mahindra's net profit for Q2 FY23 was down 4 per cent at Rs 1,285 crore due to supply-side pressure; NCC received two new orders worth Rs 1,056 crore in October

Sensex atop Mt 61,000, just 1% away from fresh the all-time highs

Benchmark indices gained in 11 of the past 12 trading sessions

Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

Nykaa climbs 6% after net profit jumps 363% YoY to Rs 5 crore in Q2FY23

The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22

Foreigners turn sellers of Indian sovereign bonds on index disappointment

The outflow from the so-called Fully Accessible Route, or FAR, securities marked the first such withdrawal in seven months

Gold prices decline by Rs 160 per 10 gram; silver trades at Rs 57,500/kg

In Delhi, 10 gram of 24 carat gold is currently trading at Rs 50,990, whereas, 10 gram of 22 carat gold is selling at Rs 46,750

Stocks to Watch: Bharti Airtel, Tata Steel, Axis Bank, L&T, Zomato, Castrol

Stocks to Watch today: Bharti Airtel's (Airtel's) consolidated net profit jumped 89% year-on-year (YoY) to Rs 2,145 crore in the second quarter (Q2) of 2022-23, led by strong revenue growth

Less than a decade since launch, AIF commitments to cross Rs 7 trn mark

There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum

Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally

CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent

Gold trading at Rs 51,000 per 10 grams, silver selling at Rs 57,500/kg

The price of 10 grams of 22 carat gold in Delhi and Mumbai is Rs 46,900 and Rs 46,750, respectively.

Stocks to Watch: IOC, Vedanta, RIL, NTPC, Nykaa, Hero Moto, Dr Reddy, Sugar

Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore

Four cos set to go public next week; seek to raise over Rs 4,500 cr via IPO

The primary market is heading for a busy time, with four firms, including Global Health Ltd, which operates hospitals under the Medanta brand, and micro finance lender Fusion Micro Finance Ltd, lining up their IPOs next week. The other two companies whose IPOs are ready to open are DCX Systems, a manufacturer of cables and wire harness assemblies, and Bikaji Foods International. Together, these four companies are expected to fetch over Rs 4,500 crore through the IPOs, according to merchant banking sources. Apart from these, Uniparts India and Five Star Business Finance are expected to come out with their respective IPO in November, they added. The initial share sale of DCX Systems will open for public subscription on October 31 and conclude on November 2, while that of Fusion Micro Finance will be open during November 2-4. The IPOs of Global Health and Bikaji Foods will open for subscription on November 3 and close on November 7. In 2022 so far, as many as 22 companies have float

Market outlook: Earnings, Fed rate decision major factors to watch out for

The ongoing quarterly earnings season, the Reserve Bank's special meeting of its rate-setting committee and the US Fed interest rate decision are the major events that would dictate trends in the equity market this week, analysts said. Besides, auto sales numbers and macroeconomic data to be announced during the week would also influence trading in the equity market. Purchasing Managers' Index (PMI) data for the manufacturing sector would be announced on Tuesday, while the services sector numbers are scheduled to come on Thursday. "FOMC (Federal Open Market Committee) meeting, RBI MPC meeting, auto sales numbers and Q2 earnings will drive the market this week. The market will have an eye on the unscheduled RBI MPC meeting. We are heading toward the last batch of Q2 earnings, which will lead to stock-specific movement. October auto sales numbers will be important because they will tell us about festival demand," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. T

Nine of top-10 firms add Rs 90,319 cr in market valuation; RIL leads pack

Nine of the 10 most valued domestic firms together added Rs 90,318.74 crore in market valuation last week amid a positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the 30-share BSE benchmark Sensex climbed 652.7 points or 1.10 per cent. Markets had a special one-hour Muhurat trading session on Monday to mark the beginning of Hindu Samvat year 2079. Stock markets were closed on Wednesday for 'Diwali Balipratipada'. Barring Hindustan Unilever, rest nine companies witnessed addition in their market valuation, including Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India (SBI). The market valuation of Reliance Industries rallied Rs 36,566.82 crore to reach Rs 17,08,932.42 crore. The market capitalisation (mcap) of HDFC Bank advanced Rs 11,195.61 crore to Rs 8,12,378.52 crore. Bharti Airtel's market valuation jumped Rs 10,792.67 crore to Rs 4,54,404.76 crore and that of SBI climbed Rs 8,879.98 crore to Rs 5,09,372.21

Gold, silver prices unchanged, silver selling at Rs 58,300/kg today

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,380 per 10 gram

Stocks to watch: Maruti, SpiceJet, SBI Card, Indus Towers, Tata Chemicals

Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23

Gold, silver prices rise marginally, silver selling at Rs 58,100/kg today

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,280 per 10 gram