Page 22 - Stock Markets
HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge
CLOSING BELL: This was the first gain for benchmark indices in seven days
 "HDFC twins, HUL lift Sensex 237 pts; SmallCap index dips 3%; Metals plunge")
DII inflows, valuations silver lining in current downcycle, say analysts
Experts remain sanguine on the domestic markets' ability to turn around and believe robust domestic inflows, strong economic indicators, and cheap valuations will strengthen the markets
 "DII inflows, valuations silver lining in current downcycle, say analysts")
Market may fall further to compensate for sharp rise in bond yields
The equity and the bond market are joined at the hip through respective yields on both instruments
 "Market may fall further to compensate for sharp rise in bond yields")
Sensex, Nifty tumble 2% on Federal Reserve's steep interest rate hike
Foreign investors sold shares worth 3,257.65 crore on Thursday, taking their year-to-date selling tally past the Rs 2-trllion mark
 "Sensex, Nifty tumble 2% on Federal Reserve's steep interest rate hike")
Bears attack small-, mid-caps; Nifty risks being mauled, shows data
It was the lowest close for the Nifty Smallcap 100 since April 23, 2021; for the Nifty Midcap 100 since June 2, 2021
 "Bears attack small-, mid-caps; Nifty risks being mauled, shows data")
Infosys, Wipro, UltraTech Cement, Tata Steel, Hindalco hit 52-week lows
An economic slowdown or other factors may affect the economic health of the US, UK, the European Union, Australia or those industries where IT revenues are concentrated.
 "Infosys, Wipro, UltraTech Cement, Tata Steel, Hindalco hit 52-week lows")
SpiceJet moots fare hike, hits 2-yr low; IndiGo slips 4% amid rising fuel
Aviation Turbine Fuel (ATF) prices, typically account for 40 per cent of an airline's cost, have been hiked to Rs 141,232.87 per kilolitre in Delhi, an all-time high.
 "SpiceJet moots fare hike, hits 2-yr low; IndiGo slips 4% amid rising fuel")
Apple's market valuation: Forget $3 trn, now even $2 trn looks shaky
After briefly surpassing $3 trillion in January, the iPhone maker has lost more than $800 billion in capitalization as tech stocks plunged
 "Apple's market valuation: Forget $3 trn, now even $2 trn looks shaky")
World's richest have lost $1.4 trillion in 2022 after rapid gains
It's a stark contrast to last year, when soaring markets boosted the world's population of high-net-worth individuals by about 8%, including 13 per cent in North America
 "World's richest have lost $1.4 trillion in 2022 after rapid gains")
On the radar: IPOs suck mutual fund liquidity in May, shows data
Overall, MFs invested Rs 29,400 crore last month even as overseas investors sold shares worth Rs 42,900 crore
 "On the radar: IPOs suck mutual fund liquidity in May, shows data")
OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%
OMCs are likely to remain under pressure with the industry integrated gross margins trending towards zero despite the Russian discounted crude cushion, said analysts.
 "OMCs under pressure; HPCL, BPCL hit 52-week lows, IOCL slips 3%")
These two stocks have zoomed over 100% in last three weeks
Shares of Kohinoor Foods were locked in the upper circuit for the 47th day on Tuesday, having zoomed 813% during the period.
 "These two stocks have zoomed over 100% in last three weeks")
408 of BSE 500 stocks below 200-day moving average amid sell-off in markets
The 200-DMA - nearly a year's average of closing prices - is analysed by traders to understand the market sentiment
 "408 of BSE 500 stocks below 200-day moving average amid sell-off in markets")
Mkt rout deepens: Rupee breaches 78/$ for 1st time, Sensex falls 1,456 pts
Indian currency performed rather well compared to most Asian peers, which were hammered due to the hotter-than-expected US inflation data
 "Mkt rout deepens: Rupee breaches 78/$ for 1st time, Sensex falls 1,456 pts")
Standardising regulatory prescriptions
Realisation of statutory objectives in the securities market requires absolute clarity of statutory provisions
 "Standardising regulatory prescriptions")
Reflections of a US trip
There is positive sentiment for India, but in the short-term foreign selling will continue
 "Reflections of a US trip")
GR Infra plunges 10% on report of CBI conducting raids at company's offices
A team of Central Bureau of Investigation conducted a The raids were conducted in connection with alleged irregularities in a national road highway project in Assam, as per the reports.
 "GR Infra plunges 10% on report of CBI conducting raids at company's offices")
Bajaj Finance, Tata Steel, UltraTech Cement, Shree Cement hit 52-week lows
A total of 46 stocks from the Nifty500 index also hit their respective 52-week lows on the NSE today including Astral, Birla Corporation, CSB Bank, LIC Housing Finance, SpiceJet.
 "Bajaj Finance, Tata Steel, UltraTech Cement, Shree Cement hit 52-week lows")
RBL Bank tumbles 18% on heavy volumes; stock hits record low
The Reserve Bank of India has approved R Subramaniakumar's appointment as the managing director & chief executive officer of the private sector lender.
 "RBL Bank tumbles 18% on heavy volumes; stock hits record low")
Enter the dragon: Foreign investors turn positive as China shrugs off Covid
Some funds could reallocate from other EMs to China, posing fresh headwinds for India, which commands a steep valuation premium compared with other EMs
 "Enter the dragon: Foreign investors turn positive as China shrugs off Covid")
