Page 9 - Stock Markets

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

Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

World markets mixed ahead of US Federal Reserve's interest rates decision

World stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again amid investor hopes the US central bank will scale back plans for more increases. Germany's DAX gained 0.2 per cent to 13,269.55 and Britain's FTSE 100 was flat at 7,049.25. In Paris, the CAC 40 lost 0.2 per cent to 6,262.91. The future for the S and P 500 shed 0.6 per cent while that for the Dow industrials was 0.5 per cent lower. Wall Street ended last week higher after Apple and other big companies reported strong profits and a closely watched measure of inflation accelerated in September. The Fed is widely expected at this week's meeting to announce another rate hike of 0.75 percentage points, three times its usual margin. Investors are looking for signs officials are satisfied that earlier increases imposed to cool inflation that is near a four-decade high are working and future increases can be smaller. Investors worry rate hikes by the

Listed asset management companies see subdued profit growth in Q2

The brokerage has set a March 2024 target of Rs 2,470 for HDFC AMC and Rs 400 for Nippon India AMC

Indian markets straggle behind US and Europe in October, shows data

However, on a YTD basis, the S&P BSE Sensex declined 7%. The Dow fell 9.6%; the Euro Stoxx 50 down 26%

Street Signs: Litmus test for IPO mkt, WhatsApp is Sebi's bogey, and more

This week, four companies are looking to raise more than Rs 4,100 crore via IPOs

Nykaa hits record low; slips below issue price with 15% decline in 1 month

With the recent fall, the market price of Nykaa has tanked 56 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021

SBI hits record high on hopes of strong Q2 earnings; stock up 11% in 8 days

SBI's core fundamentals continue to be on a strong footing and improvement in systemic growth should drive incremental re-rating for the stock, according to analysts

Dollar shakes off suspected Japan intervention; stocks brace for earnings

The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift

10 of 13 key commodities dip in Samvat 2078 after hitting multi-year peak

The basket of ferrous and non-ferrous metals, too, saw sharp swings in Samvat 2078

Samvat 2078: A year of India's stock market outperformance to global peers

During the year, India's dematerialised account tally topped 100 million for the first time

Q2 impact: Upside of up to 14% on cards for ITC, Axis Bank, Dixon Tech

Among prominent stocks, ITC, Dixon Technologies, Axis Bank and Bajaj Finance seem poised to rally up to 14 per cent; whereas Asian Paints is seen testing the crucial 200-DMA level at Rs 3,131.

Markets extend gains for 5th session on fag-end buying IT stocks shine

World stocks were largely negative ahead of a slew of central bank meetings

Delhivery plunges 13%; co sees moderate shipment volume growth in FY23

The logistics solution provider said it anticipate moderate growth in shipment volumes through the rest of the financial year.

Stocks to Watch: IndusInd Bank, Delhivery, Tracxn, Shoppers Stop, ITC, NLC

Stocks to watch today: Tracxn Technologies will make its debut on the bourses Thursday. As per IPO Watch, it may see a muted listing with flat to a negative discount. The issue price is Rs 80 a share

World stocks slip, upbeat earnings compete with angst over rate increase

World stocks were a touch softer on Wednesday with sentiment caught between upbeat earnings and further signs that strong inflation will keep major central banks firmly in rate-increasing mode

Midhani surges 7%; hits new high on pact with Boeing for aerospace parts

Boeing India on Tuesday reportedly announced it would assess and collaborate with Midhani to develop raw materials for standard aerospace parts and components in India.