Page 3 - Markets

Investors view corporate earnings season as next test for stocks

The scrutiny of bank stock, which will kick off the earnings season, will be more this time in the wake of the two biggest bank failures since the 2008 financial crisis

Ramkrishna Forgings stock zooms 107% on BSE in less than 10 months

The stock of casting & forging company, therefore, surpassed its previous high of Rs 290.75, touched on March 15, 2023

Cement stocks riding high on hopes of higher demand, capex push

Price wars led by increasing capacities and aggressive competition may mar prospects

Anupam Rasayan hits 52-week high; zooms 58% in 2 mths on strong biz outlook

Last month, ARIL signed LoI worth revenue of $120 million (Rs 984 crore) for the next 6 years with Japanese Chemical company

Godrej Consumer regains Rs 1 trn m-cap, hits 52-wk high on strong Q4 update

On a consolidated level, the company expects to deliver double-digit growth in rupee terms led by mid-single digit volume growth

TMS Ep405: Wheat crop, discount brokers, markets, overweight stocks

How have unseasonal rains affected wheat crops? What are discount brokerages? What should investors expect from Q4FY23 results? What are overweight and underweight stocks? All answers here

RBI rate hike touch & go affair amid inflation, growth concerns, swaps show

Policy decisions this week from some of the Reserve Bank of India's global peers offer a good reason for the split

ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24

Pegs capital need at Rs 1,000 cr for three years

HDFC twins, economic data lifts markets, Sensex gains over 2,000 points

The expansion of India's services sector for the 20th straight month further boosted sentiment

Average daily cash volumes continue to dip; F&O segment hits new high

Markets remained volatile during the month amid the banking crisis in the developed world, boosting trading activity

GQG Partners sees $2 billion Adani bet delivering returns over 100%

The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation

Pricol hits record high on heavy volumes; surges 30% in last 10 sessions

Pricol is expected to register steady business performance on healthy demand for its products from OEMs and export customers and sustain its operating profitability at current levels, as per analysts

Sebi's MF Lite plank for passive funds seen boosting India ETF landscape

Industry experts say it could help attract global players

Opec+ output cut opens door to others for battle over Asia's oil demand

A surprise cut in oil production from OPEC+ is now setting the stage for other producers to vie for markets in Asia

Jefferies assigns Rs 134-224 per share for Jio Financial Services

Listing and value unlocking to be the key event for RIL's stock price, says Nomura

Opec-plus cut weighs on OMC shares, BPCL and HPCL shed over 4% each

Analysts said Street is worried that sustained oil price hike could put pressure on OMC margins as govt may not pass the entire burden on to customers

KPIT shares plunge 12.5% after JPMorgan report takes 'underweight' call

The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT's last closing price of Rs 810

Rs 414 cr paid to 34,497 Karvy clients from NSE's investor protection fund

The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange's (NSE) investor protection fund till March 2023. In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and funds amounting to Rs 150 crore have been realized and the same is being utilized for distribution to clients of KSBL, Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha. The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients. NSE and BSE suspended trading terminals of KSBL from December 2, 2019 and declared it a defaulter on November 23, 2020 for misusing clients' funds and securities. Moreover, NSE has declared 32 stock brokers as defaulters in the past five years for failing to comply wit

Here's why KPIT Technologies tumbled 8% on Monday

JP Morgan has initiated coverage on the stock with an "underweight" rating and a target price at Rs 540 per share

ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut

Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said