Page 21 - Latest Updates on Stock Market
Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers
Most Asian markets traded weak after the overnight fall in the US markets
 "Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers")
Mutual fund small-cap schemes increase exposure towards cyclicals sectors
The top five buys of small-cap equity funds in April were Hindustan Copper, Hathway Cable & Datacom, Lux Industries, Bharat Rasayan and Dilip Buildcon
 "Mutual fund small-cap schemes increase exposure towards cyclicals sectors")
Broader mkts will outperform as they have better growth prospects: Gopkumar
During an interview, Gopkumar tells Ashley Coutinho that large companies in the financial space will gain market share and manage their books better
 "Broader mkts will outperform as they have better growth prospects: Gopkumar")
Mid-cap stocks on a tear but beware of valuations, say analysts
BSE MidCap has doubled in value since the end of March 2020, against a 70% rally in Sensex
 "Mid-cap stocks on a tear but beware of valuations, say analysts")
Several companies rush to file draft red herring prospectus with Sebi
According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion) have filed their offer documents so far this month
 "Several companies rush to file draft red herring prospectus with Sebi")
Dip in Covid cases boosts indices; Sensex up 1.74%, FIIs remain net sellers
The uptick in global markets on optimism over the economic recovery helped counter concerns over rising inflation.
 "Dip in Covid cases boosts indices; Sensex up 1.74%, FIIs remain net sellers")
Index business grows as investors flock to passive funds for returns
Index-based products rise to top as active fund managers fail to impress clients.
 "Index business grows as investors flock to passive funds for returns")
Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic
After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board
 "Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic")
Dramatic re-rating of the US at expense of other markets: Cameron Brandt
The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt
 "Dramatic re-rating of the US at expense of other markets: Cameron Brandt")
After strong Q4 performance, Asian Paints faces multiple challenges
The Covid wave, rising raw material costs can impact near-term sales
 "After strong Q4 performance, Asian Paints faces multiple challenges")
17 of 24 small-cap funds deliver more than 100% returns in one year
These funds account for Rs 56,000 crore of category assets worth Rs 71,700 crore
 "17 of 24 small-cap funds deliver more than 100% returns in one year")
Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more
Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields
 "Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more")
PowerGrid Infrastructure Investment Trust ends debut trade at 3% premium
The IPO, which concluded on May 3, was subscribed 4.8 times. The IPO was priced between Rs 99 and Rs 100 per unit. The InvIT had raised Rs 7,735 crore
 "PowerGrid Infrastructure Investment Trust ends debut trade at 3% premium")
Four initial public offerings to raise Rs 4,000 crore in a few weeks
Analysts say there's still appetite for firms with solid fundamentals
 "Four initial public offerings to raise Rs 4,000 crore in a few weeks")
PowerGrid InvIT lists with 4% premium over issue price of Rs 100
The stock made its debut at Rs 104, registering a gain of 4 per cent on the BSE. It further jumped 4.97 per cent to Rs 104.97 as the trade progressed
 "PowerGrid InvIT lists with 4% premium over issue price of Rs 100")
Federal Reserve unlikely to change its stance in the near term: Analysts
Say volatility in India and other markets due to inflationary pressure in the US likely to be transitory
 "Federal Reserve unlikely to change its stance in the near term: Analysts")
Despite Covid cases surge, Indian stocks turn pricier vs emerging peers
The MSCI India Index has beaten a broader gauge of developing nation shares by about 5 percentage points in 2021
 "Despite Covid cases surge, Indian stocks turn pricier vs emerging peers")
Global inflation concerns pull down markets; Sensex falls 471 points
The Nifty ended the session at 14,696, with a decline of 154 points, or 1 per cent.
Expensive valuations may cap near-term upside in chemical stocks: Analysts
However, they remain positive on the sector's long-term growth story on the back of ramp-up in China's environmental inspections and specialty chemical players having a healthy margin of safety
 "Expensive valuations may cap near-term upside in chemical stocks: Analysts")
Value of FPI, LIC and retail holdings hits record highs in Q4, shows data
This came amid buoyancy in the secondary market
 "Value of FPI, LIC and retail holdings hits record highs in Q4, shows data")
