Page 8 - Share Market

ITC hits highest level since May 2019; stock soars 10% in 6 days

ITC has been gaining market share in cigarettes over the last one year through new premium products & aggrieve trade promotions

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

Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data

Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled

Amazed beyond words: Twitterati gets trading tips from auto rickshaw driver

A Twitter user shares his story of his he got tips and advice from an auto rickshaw driver on stock market trading

Zerodha, Upstox, Canva services affected as brief outage hits Cloudfare

The issue has now been resolved as the websites using Cloudfare services are working

Mkts log biggest weekly drop in two yrs as indices drop sixth day on trot

Benchmark indices shed over 5% each as investors take money off risky assets amid fears of global recession after US Fed's 75 bps rate hike

Investor wealth tumbles over Rs 9.75 trn in two days of market crash

The 30-share BSE benchmark tanked 1,456.74 points, or 2.68%, to settle at 52,846.70 on Monday

Bharat Forge's underperformance may continue as truck orders keep low

Uncertainty on revival of demand is a key overhang for the stock

Bank stocks lag on concerns over treasury loss and slower growth

Higher interest rate, though, should help improve short-term margins and spread

Market correction insufficient and pressure to continue, says Nomura

They could correct another 5% to 15% due to stress in the macro economy, says the brokerage.

Rising interest rates could weigh on valuations of Indian stock markets

Exporters, and low debt, non-capital-intensive businesses should do better

PolicyBazaar owner PB Fintech's shares slumps 11.5% as CEO divests holdings

Sheds 15% intraday before reversing some of the losses to end at Rs 582.8 on BSE

Angel One demat customers cross 10 mn; base doubles in over 12 months

On an annualised basis, the gross addition grew by 108.7 per cent in the 12 months ending May 2022, the city-based securities firm said in a statement on Monday

Murthy advises start-ups not to see IPOs as 'surrogate' for a funding round

Says that isn't a good thing as an IPO comes with great responsibilities; points to pressure from VCs as a reason for IPO move by companies

Sensex posts third straight weekly gain despite 660-point drop on Friday

Gains in RIL propelled market during the week

Cash volumes fall in May as market volatility keeps away investors

Regulatory changes and curbs on intraday leverage hurt volumes and push change to the derivative options segment.

Most Nifty 50 firms beat sales estimates, many fare worse on profitability

Many have done worse on profitability

Macro data, global cues to dictate market trend this week: Analysts

Foreign institutional investors (FIIs), a key driver for the Indian markets, would also be tracked for cues

Vedanta pledges 86% Hindustan Zinc stake in Q4 as govt preps to sell stake

Value of pledged shares put at Rs 73,102 crore; 22.8 per cent was pledged in December quarter.

Sugar stocks' outlook turns sour as export ban fuels panic selling

While strong lobbying to reverse curbs is expected, share prices are seen hitting new 52-week lows before the new season rolls in