Page 10 - Markets

Adani Enterprises rallies 5%, hits record high; stock soars 27% in a month

Earlier this month, International Holding Co had agreed to invest $2 billion in three Adani Group companies including Adani Enterprises through the preferential allotment route

Government likely to take a call on timing of LIC IPO within this week

The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore shares in the country's largest insurer was originally planned for in March, but was postponed in view of the geopolitical tension. The government has time till May 12 to launch the IPO without filing fresh papers with markets regulator Sebi. The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told PTI. LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. There were estimates made in certain quarters that LIC's market valuation would be about

Gland Pharma advances 9% on heavy volumes; stock hits 9-week high

At 09:15 AM; around 5.42 million equity shares, representing 3.3 per cent of total equity of Gland Pharma, changed hands on the BSE

Sebi enters into pact with Canada's Manitoba Securities Commission

Sebi and Canada's Manitoba Securities Commission (MSC) have entered into a pact for mutual cooperation, exchange of information and technical assistance.

Nestle India's Q1 profit falls 1% to Rs 595 crore; revenue rises 10%

Nestle Q1 result: The management remains cautious of continued inflation as it shadows short-to-medium term growth outlook.

Angel One rallies 10%, hits all-time high on healthy Q4 results

Operating revenue grew a strong 16 per cent QoQ and 77 per cent YoY to Rs 410 crore, driven by a healthy performance across Broking and interest income

Stocks to Watch: HCL Tech, Nestle, Escorts, IndiGo, MRPL, Tata Steel, Nykaa

Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday

Reliance Industries rallies 7% in two days, stock nears record high

RIL traded 3.5 per cent higher at Rs 2,730 fairly close to its record high of Rs 2,750 touched on October 19, 2021.

Real estate sales pick up. Know how to play the theme

After a decade of downtrend, rising investments in industrial and household segments, and sustained demand have brightened the outlook for the real estate sector. How should investors play the theme?

Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

HCL Tech Q4: From PAT to margin guidance, here're the key things to track

Brokerages expect the firm's earnings before interest and tax (EBIT) margins to have fallen sequentially by up to 90 basis points on supply side pressures and subdued P&P performance.

L&T Infotech extends fall post Q4 results; stock slips 15% in three days

In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix

Are current inflation worries overstretched for the markets?

With the economy facing inflationary pressures, concerns are mounting about its impact on markets and corporate performance. But are the fears overstretched? Is there a silver lining for investors?

Sebi rejigs advisory panel on leveraging regulatory, technology solutions

Sebi has reconstituted its advisory committee, which provides guidance on enhancing the regulator's technological capabilities and on exploring appropriate technological solutions

Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

BSE Energy index surges 3%, hits record high; MRPL zooms 20%, RIL up 4.5%

Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021.

GAIL hits 52-week high ahead of record date for share buyback

The Company has fixed Friday, April 22, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares

TMS Ep153: IT tracking transactions, degree courses, markets, poison pill

Should people with unexplained spending be worried? Will pursuing two degrees simultaneously help students? What next for markets after Monday mayhem? What is 'poison pill' strategy? All answers here

Stick to passive funds in your core portfolio, say analysts

Investors who wish to chase alpha may use active funds and factor-based funds in the satellite portfolio

Markets not fully pricing in possibility of higher inflation: Analysts

India's March wholesale price index-based inflation (WPI) surged to 14.55 per cent on rising edible oil prices and increase in power prices. WPI inflation in February stood at 13.11 per cent.