Page 43 - Markets

Shriram Properties shares tumble more than 16% in debut trade

Shriram Properties' initial share sale got subscribed 4.60 times on the final day of the offering earlier this month

Sensex sheds 1,190pts, Nifty ends near 16,600; financials, Tata Steel tank

The NSE index has now declined nearly 11 per cent from its all-time in the last two months; Midcap and Smallcap indices were down over 3 per cent each

Global stock markets fall on virus concern, tighter Fed policy

Global stock markets and Wall Street futures tumbled Monday amid concern about the latest coronavirus variant and tighter Federal Reserve policy. London and Frankfurt opened sharply lower. Shanghai, Tokyo and Hong Kong also fell at the start of a trading week that will be shortened by Christmas. Benchmark US oil fell by more than $3 per barrel. The spread of the omicron variant has fuelled fears that renewed curbs on business and travel might worsen supply chain disruptions and boost inflation. Omicron threatens to be the Grinch to rob Christmas, Mizuho Bank's Vishnu Varathan said in a report. The market prefers safety to nasty surprises. In early trading, the FTSE 100 in London fell 1.7% to 7,143.60 and the DAX in Frankfurt lost 2.4% to 15,155.71. The CAC 40 in Paris sank 2% to 6,787.68. On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial Average lost 1.5%. On Friday, the S&P fell 1% as traders took money off the table after the Fed indicated .

Cipla gains 3% on USFDA's final approval for Lanreotide injection

ICICI Securities remains positive on Cipla's calibrated approach of focusing more on branded products and core therapies across the world

Future Group stocks rally 20% after CCI suspends Amazon deal

Future Retail (Rs 57.50) and Future Supply Chain Solutions (Rs 80.75), Future Lifestyle Fashions (Rs 59.20), Future Enterprises (Rs 11.61) and Future Consumer (Rs 8.19) rallied 20% on the BSE

Near-term worries likely to keep Maruti Suzuki's stock under strain

Market-share loss in SUVs, supply disruptions, and margin improvement may take time to repair

Period of easy money-making across asset classes is over, says S Naren

The positive amid all these from an India point of view is that the business cycle (in India) has turned favourable, says S Naren

FPI selling continues on valuation, rate-hike unease, Omicron scare

Analysts said FPIs started taking some money off the table ever since indices hit new all-time highs and valuation discomfort emerged

Street signs: Nifty50 may test 16,900 levels, switch makers to gain & more

High inflation in commodity costs and supply chain disruptions are also likely to favour organised players

RateGain Travel Technologies' debut trade ends at 20% discount

The company began its operations in 2004 by introducing a competitive intelligence price comparison product for hotels.

Active large-cap funds outperform benchmarks on back of broad rally

Delivering higher returns than passive funds on the back of broad-based rally in Indian equity markets

HP Adhesives IPO subscribed 20.96 times on last day of subscription

The category for Retail Individual Investors (RIIs) was subscribed 81.24 times, non institutional investors 19.04 times, and Qualified Institutional Buyers (QIBs) received 1.82 times subscription

Investors poorer by over Rs 4.65 trillion as markets go into tailspin

IndusInd Bank was the biggest laggard among the 30 frontline companies, slumping 4.89%, followed by Kotak Bank, HUL, Titan, Bajaj Finserv and HDFC

Sensex sheds 889pts, Nifty gives up 17k; RIL, financials weigh; Infy up 3%

The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio

This pharmaceutical stock has hit over 25-year high; up 1,874% in 21 months

Kopran was up 5% at Rs 318.95, hitting its highest level since 1994

Bajaj Electricals at 2-month high on restructuring plan; up 27% in 6 days

The stock rallied 6% to Rs 1,329.75 on the BSE in Friday's intra-day trade

Go Fashion extends losses into 5th day; hits lowest level since listing

The stock of the company, which owns women's wear brand Go Colors, slipped 8 per cent to Rs 1,051.25 on the BSE in Friday's intra-day trade

Thermax, SBI Card look set to bounce back after correction: Mehul Kothari

For many weeks, the stock of SBI Card has been under corrective mode and has come down from the peak of 1,160 towards the 900 mark.

Here is a Bull Spread Strategy on Infosys by HDFC Securities

The stock price of Infosys has broken out from the downward sloping trendline on daily chart

US Fed's policy to intensify FPI sell off on Dalal Street?

The US Fed has signalled a hawkish stance in the coming years while keeping the policy rates unchanged for now. Find out what the US Fed's policy means for India and where the benchmarks are headed