Page 8 - Stock Markets

DCX Systems soars 48% on debut, shares worth Rs 1,090 crore change hands

Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times

3 reasons why Sensex rallied 1,181 pts Friday to hit fresh 1-year high

Stock market today: The Sensex, Nifty indices are now only around 1 per cent away from reclaiming their all-time highs of 62,245.43 and 18,604.45, respectively

TeamLease Services plunges 18%, hits two-year low on margin concerns

The management said that the headwinds in the IT industry have started impacting the specialized staffing growth and may continue for a while

Tata Motors to delist ADS, net loss in second qtr narrows to Rs 945 crore

The move will help simplify the company's financial reporting requirements and reduce administrative costs, it said

Cost inflation overhang set to hit Jubilant FoodWorks in near term

The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share

World shares slip as markets await US midterm election results, price data

World shares were mostly lower on Wednesday as investors awaited the outcome of the US midterm elections and a major inflation update due on Thursday. Benchmarks fell in London, Paris, Frankfurt and Tokyo. Chinese shares declined after weak inflation data provided further evidence of weakening demand in the world's second-largest economy. US futures also declined. With votes still being counted across the country, Republicans still had the opportunity to win control of Congress. But Democrats showed surprising strength, defeating Republicans in some competitive races despite expectations that inflation and President Joe Biden's low approval ratings would drag the party down. The elections could determine how much is done in the next several years in Washington, and possibly beyond. If Republicans gain control of at least one house of Congress, standoffs with the Democratic White House could stymie progress on legislation. Stocks rallied recently on expectations Republicans might wi

Nykaa to turn ex-date on Thursday for 5:1 bonus issue; stock sheds 4%

The board of the company has fixed Friday, November 11, 2022 as the 'Record Date' for the purpose of determining the members eligible for bonus equity shares

Stock of this visa service provider has zoomed over 300% so far in 2022

Shares of BLS International hit a record high of Rs 388.85 as they rallied 15% in intra-day trade, zoomed 309% thus far in the calendar year 2022.

JK Lakshmi Cement soars 15% in 2 days on hopes of margin improvement ahead

Analysts said the results were better than estimated, mainly driven by better-than- expected realisations that were up around 17 per cent YoY to Rs 5,651/tonne (up 1.5 per cent QoQ)

Stock of this state-run shipbuilder has zoomed nearly 100% in last 6 weeks

In the last three months, Mazagon Dock Shipbuilders has zoomed 196 per cent as compared to a 4.5 per cent rise in the S&P BSE Sensex

Street signs: Nifty may scale Mt 19K, grey market premium, and more

Last week, the benchmark Nifty and Sensex came close to topping their lifetime highs made in October 2021. Domestic brokerage ICICIdirect expects the Nifty to not just surpass its previous highs

Pakistan stock market attractive on valuation, dividend yield: Chris Wood

The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent

Markets settle higher after two days of fall, Sensex climbs 113.95 points

Benchmark indices ended in the green on Friday after falling for the past two days, helped by continuous buying from foreign institutional investors and a largely positive trend in Asian and European markets. The 30-share BSE Sensex climbed 113.95 points or 0.19 per cent to settle at 60,950.36. Similarly, the broader NSE Nifty ended 64.45 points or 0.36 per cent higher at 18,117.15. From the Sensex pack, Bajaj Finserv, Tata Steel, UltraTech Cement, State Bank of India, Reliance Industries, Asian Paints, Bajaj Finance and Wipro were among the winners. Dr Reddy's, Hindustan Unilever Limited, Infosys, HDFC Bank and NTPC were among the laggards. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended higher, while Tokyo settled lower. Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended lower on Thursday. International oil benchmark Brent crude was trading 2.34 per cent higher at USD 96.89 per barrel. Foreign Institu

Rail Vikas Nigam, RITES touch all-time highs; zoom up to 62% in 3 months

Shares of RITES were up 6 per cent at Rs 433.20 in intra-day trade, surging 15 per cent in the past two days, while RVNL surged 9 per cent to surpass its previous high of Rs 44.75

Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside

Raymond zoomed 3 per cent on Friday to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session.

Vedanta hits 5-month high; rallies 16% in four days on heavy volumes

For the July-September quarter (Q2FY23), the metals and mining major reported a 60.8 per cent year-on-year (YoY) decline in consolidated net profit at Rs 1,808 crore on the back of higher expenses

Markets fall for 2nd day amid weak global equities, Nifty dips 30.15 points

Benchmark indices finished on a weak note on Thursday, extending their previous day's decline amid a negative trend in global equity markets after the US Fed hiked interest rates by 75 basis points. The 30-share BSE Sensex declined 69.68 points or 0.11 per cent to settle at 60,836.41. During the day, it tanked 420.95 points or 0.69 per cent to 60,485.14. Similarly, the broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70. From the Sensex pack, Tech Mahindra, PowerGrid, NTPC, Infosys, Wipro, HDFC, Tata Consultancy Services and Mahindra & Mahindra were the major laggards. State Bank of India, Titan, Bharti Airtel and Hindustan Unilever were among the winners. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended lower. Stock exchanges in Europe were trading in the negative territory in mid-session deals. Wall Street had ended significantly lower on Wednesday. "Fed's refusal to tone down the rate hike narrative shattered the global markets as ...

Stock of this pharma company has zoomed nearly 90% in last four months

In the past three months, Unichem Labs has received abbreviated new drug application (ANDA) approvals for four drugs from the United States Food and Drug Administration (USFDA)

Caution creeps into world stocks as US Fed gets ready to hike big again

US stock futures, which provide an indication of how Wall Street will open, also lost some of their strength and were mixed

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

US and European markets gained in October after a sharp sell-off in September