Page 39 - Latest Updates on Stock Market
Interesting nudge from Sebi with takeovers
The thinking is, enabling infusion of funds into the company would be better than purchasing shares in the market
Second wave of Covid-19 fears weigh on markets; Sensex falls 552 points
Poor factory output data from China also dampened investor sentiment
 "Second wave of Covid-19 fears weigh on markets; Sensex falls 552 points")
Reliance Industries' partly paid share price more than doubles on debut
Close at Rs 698 against the issue price of Rs 314.25 and 73% premium to intrinsic value
 "Reliance Industries' partly paid share price more than doubles on debut")
After jolt, investors still see stocks as long-term bet amid Covid-19 risks
Stocks opened sharply higher on Friday, but then lost those gains by mid-afternoon
 "After jolt, investors still see stocks as long-term bet amid Covid-19 risks")
Sensex sees 1,500-point swing on gains in European and US futures market
Gains in European, US futures help index stage a comeback
 "Sensex sees 1,500-point swing on gains in European and US futures market")
Markets retesting March 2020 low is within the realms of possibility
As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.
 "Markets retesting March 2020 low is within the realms of possibility")
Indices tumble as worries over second wave of infections cloud sentiment
Fed's assessment of a long-lasting damage to US economy dented risk appetite
 "Indices tumble as worries over second wave of infections cloud sentiment")
Financial sector drags down Nifty's P/B value below historical average
Index trading at price-to-book ratio of 2.9x, compared to 20-year average of 3.5x
 "Financial sector drags down Nifty's P/B value below historical average")
Sensex, Nifty give up gains after strong start; still end in the green
After climbing to 34,928 in intra-day trade, the Sensex settled at 34,371 - 557 off the day's high but 83 points more than the previous close
 "Sensex, Nifty give up gains after strong start; still end in the green")
Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years
Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.
Nifty reclaims 10,000-mark, a first in 3 months as indices gain for 6th day
The Nifty ended the session at 10,062, gaining 0.83 per cent, or 83 points. The Sensex, on the other hand, rose 284 points, or 0.84 per cent, to end the session at 34,110
 "Nifty reclaims 10,000-mark, a first in 3 months as indices gain for 6th day")
Markets shrug off Moody's rating downgrade; Sensex, Nifty rise 1.6%
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
 "Markets shrug off Moody's rating downgrade; Sensex, Nifty rise 1.6%")
Moody's cuts India's rating to 'Baa3', maintains negative outlook
The change brings Moody's rating into line with Fitch and Standard and Poor's, both of which rate India BBB-, although they assign stable rather than negative outlooks
 "Moody's cuts India's rating to 'Baa3', maintains negative outlook")
Sebi, Centre at odds over easing disclosure norms for listed NCDs
If the proposal is approved, companies listing their non-convertible debentures won't be obliged to meet disclosure norms
 "Sebi, Centre at odds over easing disclosure norms for listed NCDs")
Sensex, Nifty zoom to 1-month high over unlock 1.0 and FPI buying
The Sensex gained for the fourth consecutive day, rising 879 points, or 2.7%, to end at 33,303, while the Nifty rose 246 points, or 2.6%, to end at 9,826
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
 "Late surge in share prices helps markets improve returns scorecard in May")
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
 "Here's the list of outperforming stocks rising most since lockdown")
Sensex gains 595 points led by banking stocks, closes above 32,000
The rally has been underpinned by sharp gains in banking stocks. The Bank Nifty index has rallied 9.9 per cent in the past two sessions
 "Sensex gains 595 points led by banking stocks, closes above 32,000")
Corona warriors for markets: Ambani, Adani stocks rise most since lockdown
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
 "Corona warriors for markets: Ambani, Adani stocks rise most since lockdown")
Tightening of norms by US bourses may queer the pitch for Indian entities
The Senate passed a legislation earlier this week that requires non-US firms to meet a number of strict criteria to remain listed
 "Tightening of norms by US bourses may queer the pitch for Indian entities")
