Page 23 - Latest Updates on Stock Market
Near-term growth on market share gains to remain robust for Astral Poly
Valuations, PVC price moderation may, however, keep the stock under pressure
 "Near-term growth on market share gains to remain robust for Astral Poly")
Bears maul markets: Indices plunge 3.5%, m-cap worth Rs 8.8 trn wiped out
The Sensex fell 1,708 points, or 3.4 per cent, to end the session at 47,883 -- the lowest close since January 29 -- while the Nifty 50 index closed at 14,311, declining 524 points, or 3.5 per cent
 "Bears maul markets: Indices plunge 3.5%, m-cap worth Rs 8.8 trn wiped out")
Individual investors seeking yield in India snap up risky firms' debt
Company note sales to retail investors have more than doubled from a year earlier to Rs 6,720 crore so far in 2021
 "Individual investors seeking yield in India snap up risky firms' debt")
Indian indices lag most global peers: Sensex has declined 5.8% in April
This is a sharp reversal in fortunes as till mid-February India was among the best-performing markets, with returns in excess of 10 per cent
 "Indian indices lag most global peers: Sensex has declined 5.8% in April")
Prabhat Dairy to be delisted from BSE and NSE on April 30
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said
 "Prabhat Dairy to be delisted from BSE and NSE on April 30")
Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020
The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year
 "Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020")
Upstox alerts users of data breach; says funds, securities remain safe
Retail broking firm Upstox has alerted customers of a security breach that included contact data and KYC details of customers, but assured users that their funds and securities remain safe.
 "Upstox alerts users of data breach; says funds, securities remain safe")
Sebi's delay makes RIL order absurd
In January 2000, the promoters of Reliance Industries Ltd (RIL), and other entities acting in concert, raised their stake in RIL by 6.83 per cent through converting warrants issued in 1994
Macrotech's Rs 2,500-cr IPO gets lukewarm response from investors
The 36.42-million offering got less than 50 million bids with retail and employee portions of the issue remaining undersubscribed at 40 per cent and 17 per cent, respectively
 "Macrotech's Rs 2,500-cr IPO gets lukewarm response from investors")
 "Sneak peak into the exhilarating life of Vibhor Varshney, a stock market expert taking the industry by its horns")
Risks beyond growth
RBI should not undermine the price and financial stability objectives
 "Risks beyond growth")
Vedanta open offer subscribed just 58% after failed delisting bid
Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%
 "Vedanta open offer subscribed just 58% after failed delisting bid")
GameStop's shares tank 12% after it plans a $1 billion stock sale
At Thursday's closing price of $191.45, the "at-the-market" sale could fetch GameStop up to $670 million
 "GameStop's shares tank 12% after it plans a $1 billion stock sale")
Record-setting $49 billion Asia IPO boom likely to taper off, shows data
Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets
 "Record-setting $49 billion Asia IPO boom likely to taper off, shows data")
Block deals: FPIs to seek review in the wake of the Archegos debacle
Late last month, global banks, including Goldman Sachs, Morgan Stanley, Nomura, and Credit Suisse, were forced to sell more than $20 billion worth of shares through a series of block deals
 "Block deals: FPIs to seek review in the wake of the Archegos debacle")
India's changing corporate landscape
We are in the early stages of an extraordinary episode of rapid scaling up of new companies
 "India's changing corporate landscape")
Ferrari overtaken by rivals to end years in stock market fast lane
While competitors, particularly Volkswagen, have got a boost from the hullabaloo around electric vehicles, Ferrari has run into setbacks including an underwhelming earnings forecast
 "Ferrari overtaken by rivals to end years in stock market fast lane")
Utilities beat Sensex on rising bargain-hunting by investors, shows data
Private sector power utilities such as Tata Power, Torrent Power, JSW Energy, Adani Power and Adani Transmission have been the top performers in the last three months
 "Utilities beat Sensex on rising bargain-hunting by investors, shows data")
Tesla Inc posts record deliveries in first quarter, beats estimates
Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand offset the impact of a global shortage of parts.
 "Tesla Inc posts record deliveries in first quarter, beats estimates")
Stock markets start new fiscal on a high, Sensex reclaims 50,000-level
IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Sun Pharma, Bajaj Finance, and UltraTech Cement were prominent gainers
 "Stock markets start new fiscal on a high, Sensex reclaims 50,000-level")
