Page 13 - Stock Markets
Shree Renuka Sugars surges 24% in three days; trades nears 52-week high
Rating agency Ind-Ra has reaffirmed its rating on the long‐term bank facilities availed by Shree Renuka Sugars and non‐convertible debentures (NCD) issued by the company
 "Shree Renuka Sugars surges 24% in three days; trades nears 52-week high")
Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts
Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows
 "Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts")
Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine
CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)
 "Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine")
Broad-based rally lifts Sensex 578pts, Nifty above 17,800; pharma stks lead
CLOSING BELL: Besides, the Nifty Auto and Private Bank indices advanced 1.7 per cent each
 "Broad-based rally lifts Sensex 578pts, Nifty above 17,800; pharma stks lead")
Sensex rises 300 pts, Nifty tops 17,600 despite global weakness; PSBs lead
CLOSING BELL: Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, Eicher Motors, HDFC, ITC, and Infosys
 "Sensex rises 300 pts, Nifty tops 17,600 despite global weakness; PSBs lead")
Indo-National soars 20% as arm wins Rs 113 cr order for Vande Bharat trains
The order is for supply and installation of modular interiors for Vande Bharat semi-high speed trains (originally called Train 18)
 "Indo-National soars 20% as arm wins Rs 113 cr order for Vande Bharat trains")
Biggest single-day slump for markets in 3 months; Sensex falls 1,093 pts
The dollar in the last three sessions rose 0.7 per cent against the rupee
 "Biggest single-day slump for markets in 3 months; Sensex falls 1,093 pts")
Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550
CLOSING BELL: PSU banks, auto, IT, metal, and realty stocks plunged the most on the bourses. Their respective indices on the National Stock Exchange declined between 2 and 4 per cent
 "Recession fears hit equities; Sensex sinks 1,093 pts, Nifty gives up 17,550")
Three reasons why Sensex has crashed over 1,700 points in last 3 sessions
Analysts say that the domestic market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy
 "Three reasons why Sensex has crashed over 1,700 points in last 3 sessions")
In the red again: IT, pharma pull indices down for second day in row
In the broader market, the BSE mid-cap gauge climbed 0.31% and small-cap index advanced marginally by 0.06%
 "In the red again: IT, pharma pull indices down for second day in row")
Bridgewater's Ray Dalio expects stocks to fall 20% if rates rise to 4.5%
Dalio's bearish view further ignites concerns about valuations in US stocks
 "Bridgewater's Ray Dalio expects stocks to fall 20% if rates rise to 4.5%")
Sensex down 413pts, Nifty holds 17,850; Ceat soars 20%, MRF 7%; IT stks dip
CLOSING BELL: IT, pharma, and select metal stocks reeled under pressure today with Hindalco, Infosys, Cipla, Tech M, Tata Steel, Divis Labs, and Apollo Hospitals leading the list of Nifty losers
 "Sensex down 413pts, Nifty holds 17,850; Ceat soars 20%, MRF 7%; IT stks dip")
US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr
 "US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore")
IT stocks bleed mirroring Nasdaq plunge; Nifty IT index down 3.4%
However, the latest downgrade by Goldman Sachs has come as a setback for the sector
 "IT stocks bleed mirroring Nasdaq plunge; Nifty IT index down 3.4%")
Sensex gyrates 1,232 pts, ends 224 pts down; Nifty holds 18,000; banks jump
CLOSING BELL: Financials, largely banks, along with metals gave muscle to the bounce back with the Nifty Metal and the Nifty Bank indices rising over 1 per cent each
 "Sensex gyrates 1,232 pts, ends 224 pts down; Nifty holds 18,000; banks jump")
Chart check: Global markets crack but Sensex, Nifty may still hit new peaks
The underlying trend for the benchmark indices continues to be bullish given that the Sensex and the Nifty50 indices honor 59,000 and 17,700 levels, respectively
 "Chart check: Global markets crack but Sensex, Nifty may still hit new peaks")
Should you subscribe to Harsha Engineers IPO? Here's what analysts say
Harsha Engineers IPO: Its exports make up nearly two-thirds of its revenue, and it supplies its products to customers in over 25 countries across North America, Europe, Asia, South America, and Africa
 "Should you subscribe to Harsha Engineers IPO? Here's what analysts say")
Sebi wants more safeguards for F&O trades to shield small investors
Is against dictating IPO pricing; calls for greater disclosures and transparency
 "Sebi wants more safeguards for F&O trades to shield small investors")
Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead
CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.
 "Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead")
Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India
Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday
 "Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India")
