Page 5 - Stock Market Trading
Stock markets closed today: Check full list of 2023 market holidays here
Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 12 more days in 2023
 "Stock markets closed today: Check full list of 2023 market holidays here")
Indian stock market to remain closed today on account of Ram Navami
Stock market holiday: The Multi Commodity Exchange (MCX) will open for trading in the evening session at 5 PM
Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings
Most Adani group stocks recovered some lost ground on Wednesday after a heavy sell-off a day earlier amid reports of the group's ability to service the debt levels.
 "Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings")
This smallcap aerospace & defense stock has zoomed 73% thus far in 2023
Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training.
 "This smallcap aerospace & defense stock has zoomed 73% thus far in 2023")
Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
 "Manappuram, MGL: Select small-cap stocks are poised for bigger upside")
South Indian Bank plunges 17% as MD & CEO opts out of reappointment
The board said it considered the request of Murali Ramakrishnan, Managing Director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances.
 "South Indian Bank plunges 17% as MD & CEO opts out of reappointment")
Adani Ent zooms 7% as Group CFO refutes report of incomplete debt repayment
The Group refuted The Ken news report, stating it as "baseless and deliberately mischievous".
 "Adani Ent zooms 7% as Group CFO refutes report of incomplete debt repayment")
Nykaa trades lower for 8th straight day, down 11%; stock nears record low
The stock was down 2 per cent so far today and quoted close to its record low level of Rs 120.75, touched on January 23, 2023.
 "Nykaa trades lower for 8th straight day, down 11%; stock nears record low")
Bandhan Bank crashes to 3-year low on heavy volumes
The stock has slipped 6% to Rs 185.45 and trades at its lowest level since April 2020.
 "Bandhan Bank crashes to 3-year low on heavy volumes")
Inverse H&S in pharma index could revive a positive bias for short-term
Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.
 "Inverse H&S in pharma index could revive a positive bias for short-term")
Charts suggest Nifty Auto in 'oversold' zone, rebound likely: Ravi Nathani
According to the technical analyst, traders should adopt a buy-on-dips approach for the Nifty Auto index, with a minimum target of 12,236
Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low
Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.
 "Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low")
OFS may trigger sell-off in HAL shares; is it time to accumulate or avoid?
Hindustan Aeronautics shares may dip up to 20 per cent upon breaking key support.
 "OFS may trigger sell-off in HAL shares; is it time to accumulate or avoid?")
Morepen Labs zooms 18% on USFDA nod with NIL observations for HP facility
Earlier this month, the company had incorporated a wholly-owned subsidiary, Morepen RX.
 "Morepen Labs zooms 18% on USFDA nod with NIL observations for HP facility")
Realty shares in focus; Godrej Properties, Indiabulls, Sobha hit 52-wk lows
Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.
 "Realty shares in focus; Godrej Properties, Indiabulls, Sobha hit 52-wk lows")
India to outperform Asian, EM peers; high valuation a challenge: Chris Wood
Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.
 "India to outperform Asian, EM peers; high valuation a challenge: Chris Wood")
Sensex sinks 398 pts, Nifty below 16,950 as STT hike, global cues weighs
CLOSING BELL: The debt mutual fund (Debt MF) investors will no longer receive the long-term capital gain tax benefit. Moreover, the Centre also hiked the STT on the sale of F&O contracts
HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow
Selective AMC stocks like Nippon Life India Asset Management and Aditya Birla Sun Life Amc could slip up to 15 per cent, show technical charts
 "HDFC AMC, UTI AMC: AMC stocks may fall up to 15% on debt fund tax blow")
Sundaram-Clayton trades ex-date for scheme of arrangement; stock slumps 19%
The board at its meeting held on February 9, 2022 has approved the Composite Scheme of Arrangement of the company for issue of bonus NCRPS and demerger of manufacturing undertaking.
 "Sundaram-Clayton trades ex-date for scheme of arrangement; stock slumps 19%")
Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low
LIC hit a life-time low of Rs 562.35, falling below its previous low of Rs 566 touched on February 27, and was down 9% in three weeks.
 "Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low")
