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Sebi tweaks SOP in case of defaults by trading and clearing members
The measures are aimed at protecting the interest of non-defaulting clients of trading members (TMs) or clearing members (CMs) in the likely event of default.
SJS Enterprises gains 12% on healthy business outlook
The company engaged in auto components & equipment business said it has won several key projects from Continental, MG, Honda, Hyundai.
BPCL extends losses into 3rd day as Centre calls off privatisation process
The government has called off the privatisation process of state-owned OMC for now after two of the three companies that had shown interest in acquiring the PSU withdrew their bids
ONGC tumbles 6% to hit four-month low; stock down 27% from 52-week-high
The stock of the state-owned oil and gas exploration also under pressure after UK imposes 25 per cent energy windfall tax on oil and gas producers.
Page Industries gains 8% on strong operational performance in March quarter
The company said that the sales momentum picked up significantly across all product categories backed by expansion in portfolio and existing network.
Muthoot Finance sinks 9% on weak Q4 result; analysts bearish on stock
Motilal Oswal Financial Services believes FY23 will be a difficult year for Muthoot with a clear trade-off between growth and margin
Paradeep Phosphates lists at 4% premium; extends rally to gain up to 13%
At 10:07 am; Paradeep Phosphates was trading at Rs 45.85, up 5 per cent from its opening level on the BSE. A combined around 56 million equity shares had changed hands on the BSE and NSE.
Piramal Enterprises dips 10%, hits 52-week low post March quarter results
The stock has fallen below its previous low of Rs 1,688, touched on May 27, 2021
Sensex gains for 2nd day, rises 632 pts; Nifty holds 16,350; IT stocks lead
CLOSING BELL: Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty
Stocks to Watch: Hindalco, Muthoot Finance, Bharti Airtel, Sun Pharma, HDFC
Stocks to Watch today: JSW Steel, FSN E-Commerce Ventures (Nykaa), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Policy Bazaar) will be in focus ahead of their Q4 results.
Market strategy: Buy in the dip or sell when the markets rally?
Despite several attempts, the indices have succumbed to global and domestic cues. Should you use the current market fall to buy for long term? Are the markets discounting the rate hikes by the RBI?
Sensex halts 3-day decline, rebounds over 500 points amid F&O expiry
On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15
Tech funds run into rough weather in CY22, IT firms' stocks do well
Indian IT services sector is expected to benefit from digital transformation, particularly aided by cloud adoption.
'Realty mkt sees 28 land deals comprising over 1,200 acres so far this yr'
Real estate market has witnessed at least 28 land deals, including outright purchases and joint ventures, so far this year comprising over 1,200 acres, according to property consultant Anarock. The consultant noted that the appetite for land acquisition continues unabated for developers and other entities in the post-COVID world. Anarock highlighted that developers are eyeing prime land at key locations across India for future developments across real estate asset classes. "In comparison to H1 2021, the number of deals has doubled from 14 deals in H1 2021 to 28 deals between January 2022 till date," Anarock Chairman Anuj Puri said. As expected, he said residential development remains the prime focus, given the robust housing demand despite a hike in interest rate and property prices. Since the beginning of this year, Anarock said that various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acres across the country. Of the total transacted l
ITC trades flat as stock turns ex-date for dividend of Rs 6.25 per share
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
Balrampur Chini snaps 3-day losing streak; stock gains 5% on heavy volumes
Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.
Nifty Next 50 index hits 52-week low; SAIL, Vedanta down 27% in a month
In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.
IndiGo soars 10% as CEO eyes 'profitability' after Rs 1,681 cr loss in Q4
Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition
Sequent Scientific tanks 17% on weak Q4; stock down 70% from 52-wk high
The company said the macro environment continues to be challenging due to volatility in costs and disruptions across supply chains.
Here is why CLSA expects Tata Motors' stock to outperform going ahead
Tata Motors: CLSA expects a sharp uptick in volume in FY24 driven by a strong order backlog
AIA Engineering gains 6% post March quarter results
In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.
Torrent Pharma rallies 9% on 1:1 bonus issue plan, dividend of Rs 23/share
In Q4, the company posted net loss of Rs 118 crore against profit of Rs 324 crore in the year ago quarter
F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series
CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively
Stocks to Watch: Coal India, BPCL, Infosys, Fortis, NALCO, IndiGo, PFC
Stocks to Watch: At 7:30 am, the SGX Nifty futures were quoting around 100 pts up at 16,100 levels. That said, the markets may exhibit volatility today on account of the monthly F&O expiry.
After FIIs, will retail investor flows into the equity market also shrink?
Indian markets outperformed even in the recent correction, thanks to retail participation. How are retail investors looking at the macro-economic situation? Can their investments shrink going ahead?
How to identify entry, exit points in a stock?
In a choppy market, knowing entry and exit points may turn fortunes in your favour. They are crucial for a successful trade. Here are a few trading strategies to identify entry and exit points
Edible oil relief: Shares of Adani Wilmar and Ruchi Soya Industries shed 5%
Individually, AWL was locked in the 5 per cent lower circuit band at Rs 664.95, while Ruchi Soya Industries, too, was down 5 per cent to Rs 1,045.45 on the BSE
Gift City gold imports: Qualified jewellers can make advance payment
Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA
IT stocks plummet as Nomura and JP Morgan raise growth concerns
BSE IT index drops 3.2%; Midcaps see deeper cuts
Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month
Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.
Globus Spirits slips 15% on weak March quarter results
In Q4FY22, EBITDA margin contracted by 720 basis points (bps) year-on-year to 17.6 per cent.
GAIL's Rs 1,083 crore buyback offer kicks off: Should you tender shares?
The company has prescribed a buyback ratio of 2 shares for 25 equity shares for reserved category whereas 2 shares for 179 equity shares for general category.
Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan
Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.
Govt exempts customs duty on soybean, sunflower oil; AWL, Ruchi Soya dip 5%
The government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year
Sugar stocks extend fall, slip up to 9% as government restricts exports
Brokerage ICICI Securities believes this would not have any impact on sugar companies' fundamentals.