Page 22 - Market News

Sensex, Nifty extend losses to 3rd day tracking weak global cues

Equity indices surrendered mid-session gains to close lower for the third day in a row on Friday

US pricing pressure cloud over Indian pharma growth, say analysts

Complex pipeline, execution, and regulatory compliance hold key

A new frontier for regulators

While institutional investors still own roughly the same amount of equity that they did a few years ago, they are now far more vocal

ABCL can break into top 100 club of most-valued listed firms: Analysts

Analysts are upbeat on the long-term prospects of Aditya Birla Capital and have set price targets between 20 per cent and 45 per cent higher than the current market price

Related-party trouble

Seeking shareholder approval would impede normal functioning

Adani Wilmar shares up over 2% after strong Q3 result

Shares of Adani Wilmar on Tuesday pared early gains but managed to close 2% higher after the company posted a 66% jump in consolidated net profit to Rs 211.41 crore for the December 2021 quarter.

Governance breakdown

Sebi order exposes how NSE was run

Sebi cancels registration of 4 stock brokers, 11 depository participants

Markets regulator Sebi on Monday cancelled the registration of four stock brokers and 11 depository participants, including Karvy Stock Broking and Anugrah Stock & Broking. Irrespective of the cancellation of registration certificate, the respective entities will continue to be liable for anything done as depository participant or stock broker and will continue to be responsible for payment of outstanding fees and dues and interest if any, due to Sebi. The directions will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in two separate orders. Sebi said the registration of four stock brokers -- KSBL Securities, Conard Securities, Anee Securities and Credential Stock Brokers -- have been cancelled upon expulsion from the stock exchanges. The exchanges have informed Sebi that brokers were expelled from their membership by them and the same has been communicated to them, the order mentioned. The four entities have ceased to satisfy the ...

Multi-cap schemes seen gaining investor favour in recent months

The 'multi-cap' schemes - that invest at least a fourth of their corpus in large-caps, small-caps and mid-caps - have gained investor favour in recent months

Equity MFs garner Rs 14,889 cr inflows in Jan amid volatility, FPI selloff

The tally was lower than Rs 25,706 cr garnered in December 2021, but is still a respectable number considering there were no large NFOs in January, unlike the previous month

Global stocks follow Wall Street higher after rebound

Global stocks and Wall Street futures rose Wednesday as investors waited for US inflation data for signs of how fast the Federal Reserve might pull back stimulus. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. US inflation data on Thursday are expected to show inflation rose to a four-decade high of 7.3 per cent in January, adding to pressure to control prices. Traders expect the Fed to hike rates at least four times this year, starting next month. Wall Street's rebound "suggests an attempt by the equity bulls to regain some control," Yeap Jun Rong of IG said in a report. Much will depend on the upcoming US inflation data to ease some concerns about tightening ahead. In early trading, the FTSE 100 in London rose 0.6 per cent to 7,612.25 and the DAX in Frankfurt added 0.7 per cent to 15,359.40. The CAC 40 in Paris advanced 0.9 per cent to 7,095.45. On Wall Street, the future for the benchmark S&P 500 index was up 0.3 per cent. That for the Dow Jones ...

Adani Wilmar gains 16% on trading debut, ends at Rs 267.4 at close

Stock had slipped below issue price to touch a low of Rs 227. But strong buying saw it end near day's high. Shares worth Rs 3,397 cr changed hands on NSE and another Rs 191 crore on BSE

Share of retail investors in NSE companies at record high, shows data

Retail investors have gained significant heft in the past year amid a sustained uptick in Indian equities

How higher input costs will impact India Inc and markets

From early-bird corporate results for the July-September quarter, it might appear that India Inc is doing well in terms of sales, but there is a squeeze on margins. What does that mean for companies?

Sensex slips 340 pts from new high, ends 77 pts up; TCS drops 6%, RIL 0.6%

The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels

Fraudulent trades: Sebi bars TV anchor, five others from securities markets

Passing an interim order, the regulator also directed impounding Rs 8.4 crore-worth proceeds from the fraudulent trades.

A quick look into Sebi's fresh push to crackdown on insider trading

The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore

Status quo likely in September review of Nifty but not for long

Newly listed start-up Zomato is seen entering the index before the end of 2022

Sebi proposes swing pricing mechanism for mutual fund debt schemes

Sebi proposed introducing swing pricing mechanism for open ended mutual fund debt schemes as part of efforts to ensure fairness in treatment of investors

Indian shares rise in choppy trading; cabinet reshuffle, earnings eyed

Indian shares edged higher on Wednesday in volatile trading, as financials helped offset a fall in auto stocks, while investors parsed through some corporate earnings that trickled in