Page 19 - Market News

Gold prices see marginal fall of Rs 10 in early trade; Silver unchanged

In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 50,390. Whereas, 10 gram of 22-carat gold is selling at Rs 46,190.

Front-running scandal at Axis Mutual Fund set to rock $465-bn MF industry

Axis Asset Management Co, India's seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe

Three of top 10 firms lose Rs 73,630 cr in m-cap; RIL biggest loser

The combined market valuation of three of the 10 most valued domestic firms eroded by Rs 73,630.56 crore last week, with Reliance Industries Limited taking the biggest hit

Route Mobile slips 7% after board approves share buyback via Open Market

Route Mobile board has approved the buyback of equity shares having face value of Rs 10 at a price not exceeding Rs 1,700 per equity share and for an aggregate amount not exceeding Rs 120 crore

Mcap of nine of top-10 valued firms jumps Rs 2.51 trn; TCS biggest gainer

Nine of the 10 most valued firms added Rs 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer

Global trends, oil, FII movement key drivers for stocks this week: Analysts

Stock markets will be driven by global trends, crude oil movement and foreign institutional investments this week, analysts said, adding that benchmark indices may also face volatility amid the scheduled monthly derivatives expiry. Moreover, the movement in the rupee and the progress of monsoon would also be watched by investors, they added. "Indian markets managed to recover from lower levels after two weeks of sharp cuts thanks to a recovery in global markets and a cut in commodity prices. It seems that this recovery may see a further extension and we can expect a decent rally in the coming days in equity markets," said Santosh Meena, Head of Research, Swastika Investmart Ltd. "Apart from F&O expiry, monthly auto sales numbers and monsoon development will be important triggers," Meena said. Crude oil, rupee movement and FIIs' behaviour will be other important factors, he added. Ajit Mishra, VP - Research, Religare Broking Ltd, said, "We expect volatility to remain high this week

Most analysts positive on Nykaa as firm takes rollercoaster ride after IPO

However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730

Market correction is a good opportunity to pick up quality stocks

It is difficult to purchase such stocks during bull runs when their valuations turn exorbitant

Nykaa stock up 3% in intra-day trade as company hosts first analyst meet

Nykaa Superstore logs in 45,000 transacting retailers from over 500 cities

Investment via participatory notes declines to Rs 86,706 crore in May

FPIs will reverse selling stance in one/two quarters, return to India's equities: Experts

RBI may have boosted forwards intervention to slow rupee fall, save reserve

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April

FPIs jettison some sectors twice as fast the overall rate of outflows

Some got incremental inflows even amid the exodus, reveals fortnightly depository data

Crypto platform FalconX doubles valuation to $8 bn despite downturn

The San Mateo, California-based startup said Wednesday that it had raised $150 million in a Series D funding from investors led by GIC and B Capital, a previous investor.

Gland Pharma rides high on valuation comfort, strong growth prospects

Target prices post brokerage upgrades point to more upsides

India-focused funds on road to raising around $9.8 bn in CY22: Data

While $9.8 billion is the target for the year, about 18 India-focused funds have already raised $1.74 billion. But what is more substantial is the fact that Asia-focused dry powder is $173.4 billion

More stocks stare at hitting 52-week lows as investor sentiment weakens

An average 267 stocks hit their 52-week lows every day last week on the BSE as the rout took key benchmark gauges to multi-month lows

Flight of FPIs continues; equities worth Rs 31,430 crore sold in June yet

Aggressive rate hike by the US Federal Reserve, coupled with elevated inflation and high valuation of equities continued to keep foreign investors at bay from the Indian stock market

India exits $3-trillion m-cap club; falls to sixth in global league

Market rout, FPI sell-off shaves off $676 billion m-cap; country now at sixth spot globally, behind Saudi Arabia

India's foreign exchange reserves decline $4.6 billion to $596 billion

RBI has been selling dollars to curb any rapid depreciation of the rupee

'Markets have not hit the bottom yet; select banks, autos attractive'

Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities