Page 3 - Stocks

Dalal Street investors became richer by more than Rs 16.38 trillion in 2022

Dalal Street investors became richer by more than Rs 16.38 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. Analysts attributed better macroeconomic fundamentals, the confidence of retail investors and foreign investors investing again in the domestic equities towards the latter half of 2022 as the key factors that led to the outperformance of the Indian market in comparison to many other stock markets worldwide. During the initial part of the year, markets were jolted by the Russia-Ukraine war. On February 24, when Russia launched its attack on Ukraine, the 30-share BSE Sensex had plunged about 2,850 points before closing at 54,529.91 points, registering a massive fall of 2,702.15 points or 4.72 per cent. In subsequent months, the key index recouped the lost ground and has climbed 2,586.92 points or 4.44 per cent this year. The 30-share BSE Sensex declined 293.14 points or 0.48 per cent to end the last

Indices see-saw on Covid fears, fag-end buying in telecom, banking stocks

the broader NSE Nifty gained 68.50 points or 0.38 per cent to end at 18,191

Google-backed Adda247 grants ESOPs worth Rs 150 cr to its employees

Adda247 first launched its ESOP policy in 2016 and has rewarded around 10% of its workforce across levels to date

Stocks, bonds fall as BOJ's surprise policy shift spooks investors

The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously

IRCTC stock is still richly valued despite fall since news of OFS

While business prospects remain unchanged, one-year average target price of analysts is Rs 600

Will fortune change for new-age stocks in 2023?

New-age stocks had a nightmarish 2022. Paytm's shares crashed over 70% from their issue price. Nykaa tumbled nearly 85%. Analysts feel 2023 may bring more pain for some of these stocks

Thailand to tax stock trading, 0.05% levy for starters in 2023

A levy of 0.05% will be imposed on stock trading next year, before it's raised to 0.1%, according to a finance ministry statement

Will renewable energy stocks keep your portfolio green?

India released its low-carbon emission development strategy at the UN Climate Conference. As the focus on green energy takes centre stage, is it time to add stocks from this space to your portfolio?

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

How to transfer shares?

Staying with the theme of financial markets, most of us know how to purchase shares. But what if you want to transfer their ownership? Let's know how to do it

MSCI India index rebalancing could stoke Rs 13,000-crore churn

Varun Beverages, Tube Investments, IHCL seen as potential inclusions

Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech

Near-term gains for India's sixth largest IT services company factored into valuations

Flexicap, multicap schemes maintain large-cap skew amid global uncertainty

Large-cap companies are known to weather the market storm better, while smaller stocks tend to fall more during volatile market conditions

One year of Nifty's lifetime high: Domestic equities stuck in a loop

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory

Half of top 500 stocks trading below their 200-DMA, shows data

Analysts said that half of the BSE 500 firms trading below 200-DMA clearly indicates that market sentiment isn't strong and there is heightened selling pressure in the broader markets

'Offer for sale' mechanism to get mega boost as Sebi relaxes norms

Among other things, the cooling-off period required between two OFSs has been reduced to as less as two weeks from 12 weeks at present

Auto, banks rule the roost in H1FY23; IT and metal stocks laggards

M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%

ACC, Ambuja Cements shares tank over 5% on concerns over encumbrance

The Adani group holds 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements)

Individual sells 3.3% stake in Best Agrolife worth Rs 98 cr via open market

An individual on Tuesday sold 3.3 per cent stake in Best Agrolife Ltd for over Rs 98 crore through open market transactions. Raj Kumar offloaded 5,25,000 shares on the NSE and 2,75,000 shares on the BSE, amounting to 3.38 per cent stake in the company, as per the bulk deal data available with the two exchanges. The shares were disposed of at an average price of Rs 1,240.9 apiece on NSE and Rs 1,210.68 per scrip on BSE, taking the combined transaction value to Rs 98.44 crore. Quant Mutual Fund picked up 5 lakh shares of the company on both NSE and BSE. Other buyers were not identified. As of June quarter, Raj Kumar held a 16.57 per cent stake in the company, shareholding data with the bourses showed. Shares of Best Agrolife closed 3.21 per cent higher at Rs 1,249 on NSE and 4.05 per cent up at Rs 1,249.90 on BSE.

Can Fin Homes stock under pressure second day in row, sheds 4% on BSE

No word yet on successor to MD & CEO Girish Kousgi, who resigned on Monday