Page 25 - Latest Updates on Stock Market
From pet food to video games: Inside Ryan Cohen's GameStop obsession
On the line was Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy who is now leading GameStop's push into e-commerce
 "From pet food to video games: Inside Ryan Cohen's GameStop obsession")
Is global turbulence likely?
The US Fed has learned from the "taper tantrum", and will carefully choreograph words and deeds in the coming years
 "Is global turbulence likely?")
US bond yield spike, rising Covid-19 cases in India drag indices
The index rose close to 500 points on opening after the US Federal Reserve (Fed) pledged to shrug off inflation worries for a while and keep the monetary policy loose through 2023
 "US bond yield spike, rising Covid-19 cases in India drag indices")
Home-selling platform Offerpad to go public in $3 billion SPAC deal
The deal with Zillow co-founder Spencer Rascoff-backed Supernova Partners Acquisition Company Inc will fetch $650 million in proceeds for Offerpad
 "Home-selling platform Offerpad to go public in $3 billion SPAC deal")
Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?
Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm
 "Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?")
Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block
The government owns a 26 per cent stake in Tata Communications
 "Tata Comm OFS: Bids placed for 56 mn shares against 46 mn on the block")
Valuing AT1 bonds
A sudden change in the metrics will be disruptive
Mutual funds continue to trim positions in heavyweights in February
Most large MFs remained underweight on banking and overweight on capital goods
 "Mutual funds continue to trim positions in heavyweights in February")
NSE outage: More serious questions
The outage caused a serious embarrassment, not only for the NSE but also for the Securities and Exchange Board of India (Sebi) and the government of India
Analysts see demand revival, earnings comfort in Indian Hotels stock
Analysts also expect IHCL to maintain a valuation premium to peers due to its strong brand, which would aid pricing and occupancy levels
 "Analysts see demand revival, earnings comfort in Indian Hotels stock")
Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds
Revised norms to treat all perpetual bonds as 100-year tenor to be withdrawn
 "Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds")
World stock markets hit two-week high as inflation concerns abate
The yield on the benchmark 10-year Treasury note fell as low as 1.475%, the first time it had dipped below 1.5% in a week. It last fell 2/32 in price to yield 1.5266%, from 1.52% late on Wednesday
 "World stock markets hit two-week high as inflation concerns abate")
Kalyan Jewellers' IPO opens on March 16; price band fixed at Rs 86-87
Promoter TS Kalyanaraman is selling shares worth Rs 125 crore and Warburg Pincus is selling shares worth Rs 250 crore in the IPO
 "Kalyan Jewellers' IPO opens on March 16; price band fixed at Rs 86-87")
Asian stocks trail their US peers for third week, shows data
While a rout in Chinese equities and global concerns about rising Treasury yields have weighed on shares in Asia, the US market is seen getting a boost from an impending $1.9 trillion stimulus plan
 "Asian stocks trail their US peers for third week, shows data")
Robust launches to drive growth momentum for Oberoi Realty in FY22
The company is the top pick of brokerages in the realty space
 "Robust launches to drive growth momentum for Oberoi Realty in FY22")
Explained: What is driving so many retail investors to the IPO market?
Flurry of activity in post-Covid era, average retail applications for 20 issues since Sept have nearly tripled
 "Explained: What is driving so many retail investors to the IPO market?")
Sensex, Nifty rise for third straight day tracking global markets
At the closing bell, the BSE gauge quoted 254.03 points or 0.50 per cent higher at 51,279.51 - taking its three-session gains to 874.19 points or 1.73 per cent
 "Sensex, Nifty rise for third straight day tracking global markets")
Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump
Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).
 "Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump")
Gas price, higher yield curve better indicators of disquiet than stock mkts
Amid the celebratory noises coming from liquidity-fueled equity markets, it's worth remembering that Covid-19 hasn't gone away yet
 "Gas price, higher yield curve better indicators of disquiet than stock mkts")
Bharat Petroleum stock falls as it sells Rs 5,525 crore of treasury shares
According to data provided by stock exchanges, BPCL Trust for Investment in Shares sold 126 million shares (5.81 per cent equity) of the company at Rs 438.4 apiece for a total of Rs 5,525 crore
 "Bharat Petroleum stock falls as it sells Rs 5,525 crore of treasury shares")
