Page 14 - Markets
Smallcap stocks rake in big gains in FY22; deliver up to 36.64% returns
Markets faced many headwinds in the latter part of the last fiscal with the emergence of geopolitical tension, inflation concerns and FII selling.
 "Smallcap stocks rake in big gains in FY22; deliver up to 36.64% returns")
Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650
CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each
 "Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650")
Gujarat Alkalies hits record high; stock zooms 51% in one month
The company announced partial commencement of caustic evaporation unit (CEU) by its joint venture company GACL-NALCO Alkalies & Chemicals.
 "Gujarat Alkalies hits record high; stock zooms 51% in one month")
Adani Wilmar hits fresh lifetime high; stock zooms 30% in one week
The stock of Adani Group company has zoomed 136 per cent from its issue price of Rs 230 per share
 "Adani Wilmar hits fresh lifetime high; stock zooms 30% in one week")
Hero Moto skids 6% as I-T dept finds Rs 800 cr siphoned off funds
In the past six trading days, the stock has declined 11 per cent after media reported that the I-T department said Hero MotoCorp made over Rs 1,000 crore in bogus expenses
 "Hero Moto skids 6% as I-T dept finds Rs 800 cr siphoned off funds")
Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India
Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22), PGIM India MF sees India as an attractive destination for foreign investors considering the long-term structural growth story.
 "Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India")
Inverted US yield curve no more a worry for markets; here's why
The current yield inversion has more to do with the temporary demand-supply mismatch in the bond market and doesn't necessarily signal a recession in the US
 "Inverted US yield curve no more a worry for markets; here's why")
From IPOs to PF, here's a list of changes that come into effect on Friday
Initial public offerings (IPO) launched after April 1 shall provide a sub-quota within the high net-worth individual (HNI) quota for those investing between Rs 2 lakh and Rs 10 lakh.
 "From IPOs to PF, here's a list of changes that come into effect on Friday")
ITC posts sharpest monthly rally since November 2020; surges 16% in March
In November 2020, ITC had rallied 17.2 per cent in a single month, while in June 2009, it had zoomed 31 per cent during the month
 "ITC posts sharpest monthly rally since November 2020; surges 16% in March")
RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
 "RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22")
Tejas Networks up 5% as co to acquire 64% stake in Saankhya Labs
The company has signed definitive agreement to acquire 64.4 per cent stake of Saankhya Labs Private Ltd for Rs 283.94 crore in cash
 "Tejas Networks up 5% as co to acquire 64% stake in Saankhya Labs")
Stock of this soft ferrites company has zoomed over 3500% in FY22
Cosmo Ferrites hit a new high of Rs 635, up 4% on the BSE on Thursday's. The stock has zoomed 3,529% in FY22 from a level of Rs 17.50 on March 31, 2021.
 "Stock of this soft ferrites company has zoomed over 3500% in FY22")
Cipla, Ipca Lab, Zydus Life to benefit most from drug price rise: Analysts
The recent price hike, analysts said, brings some respite for the industry facing multiple headwinds such as steep raw inflation, price erosion in the US market and higher freight costs.
 "Cipla, Ipca Lab, Zydus Life to benefit most from drug price rise: Analysts")
Sensex rallies 1,300 pts in three days: Here's what is driving the markets
Wednesday's sharp rally came on the back of hopes that the end of the Russia-Ukraine war may be on the horizon as Russia on Tuesday said it would cut down its military operation in Ukraine.
 "Sensex rallies 1,300 pts in three days: Here's what is driving the markets")
Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink
CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684
 "Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink")
Raymond soars 12%, hits 52-week high on heavy volumes
In the past three months, the stock has outperformed the market by surging 39 per cent after the company reported robust earnings for December quarter (Q3FY22).
 "Raymond soars 12%, hits 52-week high on heavy volumes")
Sebi brings out stricter regulatory norms for collective investment schemes
The board of Sebi also approved the budget for the regulator for the financial year 2022-23.
 "Sebi brings out stricter regulatory norms for collective investment schemes")
Buoyant bitcoin helps crypto market surge past $2 trillion barrier
Bitcoin's jumpiness has waned of late. Its 30-day volatility is around 4 per cent, about two-thirds the level it was in June 2021
 "Buoyant bitcoin helps crypto market surge past $2 trillion barrier")
Rising raw material costs make analysts cautious on realty stocks
Over the last one year, developers' average cost of construction has risen 10 - 12 per cent, owing to higher input cost due to supply-side constraints
 "Rising raw material costs make analysts cautious on realty stocks")
Sensex gains 350 pts; Hero Moto cracks 7%, Ruchi Soya zooms 16%
CLOSING BELL: Shares of Hero MotoCorp cracked over 6 per cent after reports suggested that the Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses
 "Sensex gains 350 pts; Hero Moto cracks 7%, Ruchi Soya zooms 16%")
