Page 19 - Markets
Mutual fund industry expects new Sebi leadership to tighten norms
Industry players say they are keenly watching what Sebi does to deepen the corporate bond market.
 "Mutual fund industry expects new Sebi leadership to tighten norms")
Sebi tightens IPO valuation scrutiny, jolts start-ups eyeing listings
Sebi's push comes after the flop listing of SoftBank-backed payments firm Paytm's $2.5 billion IPO in November
 "Sebi tightens IPO valuation scrutiny, jolts start-ups eyeing listings")
Near-term outlook complicated, but bullish on equities: ICICI Pru's S Naren
Value opportunity in stocks is more and we think over the next 2-3 years, the opportunity will continue to exist, says S Naren, CIO, ICICI Prudential Asset Management Co
 "Near-term outlook complicated, but bullish on equities: ICICI Pru's S Naren")
Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide
CLOSING BELL: Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent
 "Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide")
Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14%
Paper stocks rallied on expectation that reopening of offices, educational institutions and courts will lead to regularization of demand
 "Paper stocks rally; JK Paper, TN Newsprint, West Coast surge up to 14%")
Laurus Labs surges 6% to hit over 4-month high
Analysts remain optimistic on the company's outlook for FY23 & FY24 with new capacity addition for commercial usage for FDF and API segments, ARV business and robust growth expected in CS business.
 "Laurus Labs surges 6% to hit over 4-month high")
BSE extends rally, zooms 52% in 10 days; stock hits record high
BSE has fixed March 22, 2022, as the record date for the purpose of determining the names of shareholders who shall be entitled for allotment of bonus equity shares in the ratio of 2:1.
 "BSE extends rally, zooms 52% in 10 days; stock hits record high")
DCM Shriram, Jindal Steel: Mehul Kothari's stock picks in this volatile mkt
Despite the market volatility, the stock of JINDAL STEEL has been doing really well recently
 "DCM Shriram, Jindal Steel: Mehul Kothari's stock picks in this volatile mkt")
Nandish Shah of HDFC Sec recommends Bull Spread strategy on Tata Steel
The positional trend for the metal Index has been bullish
 "Nandish Shah of HDFC Sec recommends Bull Spread strategy on Tata Steel")
Sensex rises 817 pts, Nifty near 16,600 as BJP set to win 4 states
CLOSING BELL: The markets, however, ended mildly off highs as European markets dropped up to 1 per cent in early deals as investors monitored the war in Ukraine and fluctuations in commodity prices
 "Sensex rises 817 pts, Nifty near 16,600 as BJP set to win 4 states")
Analysts see up to 96% upside in HAL stock despite Russia overhang
The dependence on Russian spares can potentially impact Rs 4,000-4,200 crore worth of RoH revenues for Hindustan Aeronautics (HAL)
 "Analysts see up to 96% upside in HAL stock despite Russia overhang")
Wall Street jumps on tech, financials strength; Dow rises over 200 points
The Dow Jones Industrial Average rose 227.78 points, or 0.70%, at the open to 32,860.42.
 "Wall Street jumps on tech, financials strength; Dow rises over 200 points")
Sensex rises for 2nd day, surges 1,223 pts; Nifty tops 16,300; RIL zooms 5%
CLOSING BELL: Ukrainian President Volodymyr Zelenskyy's reported statement that his country has cooled down on the question of a NATO membership calmed investor nerves
 "Sensex rises for 2nd day, surges 1,223 pts; Nifty tops 16,300; RIL zooms 5%")
Bajaj Electricals dips 5% in a firm market on growth concerns
Demand in the consumer product segment slowed down in Q3FY22, largely due to weaker demand in rural markets
 "Bajaj Electricals dips 5% in a firm market on growth concerns")
Sun Pharma rallies 8% in 2 days on heavy volumes; stock nears 52-week high
Sun Pharma announced that its subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiary companies of Galderma
 "Sun Pharma rallies 8% in 2 days on heavy volumes; stock nears 52-week high")
TCS' Rs 18,000-crore buyback opens today; should investors tender shares?
The mega Rs 18,000-crore buyback by IT giant Tata Consultancy Services (TCS) opens today and will run till March 23
 "TCS' Rs 18,000-crore buyback opens today; should investors tender shares?")
Positional trend on Nifty is bearish, resistance at 16,200: HDFC Securities
It would be advisable to trade longs with trailing stop loss. Support for the index is seen at 15,800.
 "Positional trend on Nifty is bearish, resistance at 16,200: HDFC Securities")
Most global indices are near bear territory. Will the Sensex, Nifty follow?
Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months
 "Most global indices are near bear territory. Will the Sensex, Nifty follow?")
Norway's sovereign wealth fund puts Adani Ports on its watch list
Norway's $1.3 trillion wealth fund, which invests the state's revenues from oil and gas production for future generations, follows an ethical mandate set by parliament.
 "Norway's sovereign wealth fund puts Adani Ports on its watch list")
Sensex leaps 1,163 pts from the day's low, ends 581 pts up; Nifty tops 16K
CLOSING BELL: The winners included Indian Oil Corporation, Sun Pharma, Tata Consumer Products, TCS, Cipla, Shree Cement, NTPC, Tech M, Dr Reddy's Labs, Wipro, Ultratech Cement, and Infosys
 "Sensex leaps 1,163 pts from the day's low, ends 581 pts up; Nifty tops 16K")
