Page 5 - Market News

Archean Chemical hits highest level since debut; up 51% against issue price

The stock rallied 7% to hit a new high of Rs 612.70 in the intra-day trade today

HDFC Bank Q3: PAT may grow up to 20% YoY; margin, asset quality seen steady

Outlook on margin trajectory, asset quality in Agri/Unsecured book, and commentary around credit cards, traction in fee income, and the merger with HDFC will be the key monitorables, analysts said

Markets hit by deeper corrections may outperform India: Morningstar CEO

Indian investors doing right by holding on during corrections, says Kunal Kapoor

Reliance set to disrupt live streaming market with free IPL broadcast

The company is planning to make available the IPL broadcast in regional languages or bundle free IPL viewing with Jio telecom subscription packages

Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller

Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.

Gold, silver prices remain unchanged; yellow metal trades at Rs 55,960

22-carat gold was selling at Rs 51,300 per 10 grams

8 of top 10 firms lose Rs 1 trn in mcap; Infosys, HDFC Bank, TCS top losers

Eight of the top 10 most valued firms faced a combined erosion of Rs 1,06,991.42 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services along with HDFC Bank taking the biggest hit. Last week, the Sensex declined 940.37 points or 1.55 per cent. Barring Hindustan Unilever and Life Insurance Corporation of India (LIC), eight firms suffered erosion from their market capitalisation (mcap). The market valuation of Infosys tumbled Rs 25,185.37 crore to Rs 6,09,687.79 crore, the most among the top 10 firms. The mcap of HDFC Bank tanked Rs 18,375.41 crore to Rs 8,89,130 crore. The valuation of Tata Consultancy Services (TCS) eroded by Rs 17,289.02 crore to Rs 11,75,287.30 crore and that of ICICI Bank diminished by Rs 14,447.69 crore to Rs 6,07,140.65 crore. State Bank of India's market valuation slumped Rs 11,245.01 crore to Rs 5,36,012.18 crore. HDFC's valuation declined by Rs 7,419.45 crore to Rs 4,74,018.02 crore and that of Reliance Industries Limit

Diversify your investment portfolio by style to include value funds

Don't exit growth-style funds as they may benefit next from a shift in investor preference

Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850

Closing Bell: Nifty IT fell 2 per cent followed by 0.7-1 per cent cuts each in Bank, Financial, Metal, Realty and Pharma indices. FMCG and Consumer Durables outperformed with fractional gains

Crypto wrap: Market up but Gemini-DCG fiasco poses threat, say experts

Co-Founder of crypto exchange Gemini Cameron Winkelvoss gave a soft ultimatum to Digital Currency Group (DCG) CEO Barry Silbert to collaborate on repaying Genesis by January 8

Sensex ends 304 pts lower at 60,353, Nifty below 18K; Bajaj Finance down 7%

CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent

Gold trading at Rs 55,750 per 10 grams, silver selling at Rs 72,000 per kg

The price of ten grams of 24-carat gold in Delhi, Chennai, and Bangalore is Rs 55,900, Rs 57,140, and Rs 55,800, respectively

Indian crypto exchange trade down by Rs 32k cr since 30% tax kicked in

The current tax architecture may lead to a loss of approximately Rs 99.3 trillion of local exchange trade volume in the next four years, says the study by The Esya Centre

IPO fundraising in India halves in 2022; 40 firms raised Rs 59,412 cr

Forty Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 118,723 crore (all-time high) mobilised by 63 IPOs in 2021, according to PRIME Database

Gold trading at Rs 55,200 per 10 grams, silver selling at Rs 71,300 per kg

The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 55,350, Rs 55,250, and Rs 55,960, respectively

Play safe, but play to win: From ITC to L&T, best blue-chips for 2023

Keep your portfolio safe for 2023 with these 10 blue-chip bargains

Women leaders: A way to IPO success?

Indian society may be more advanced than we think it is

Pitfalls in second-guessing markets

The crystal ball can never anticipate all big events that move the market, and impact economies and countries. And yet, we have an insatiable desire to lap up forecasts

IPO fundraising halves to Rs 59,412 cr in 2022 despite LIC's mega offer

If one were to remove the state-owned insurer's Rs 21,008 crore offer, the figure would come to a third of the amount raised in 2021

Stock markets maintain winning streak for seventh consecutive year

Outperform most global peers even as returns moderate to just over 4% in 2022