Page 7 - Stock Markets
Worst phase of selling is over for Indian equities: Devarsh Vakil, HDFC Sec
Systematic investment plans (SIPs) are a great tool to build long-term wealth and investors should stick to them, says Vakil.
 "Worst phase of selling is over for Indian equities: Devarsh Vakil, HDFC Sec")
Market divided over interest rate outlook, tightening: Andrew Holland
The main worry for the markets remains a policy misstep by central banks in not tackling inflation or being too aggressive, leading to a sharp economic slowdown, says Andrew Holland
 "Market divided over interest rate outlook, tightening: Andrew Holland")
Sensex falls 305 pts, Nifty gives up 17,250; Paytm slides 4%, HDFC 2%
CLOSING BELL: HDFC, Bharti Airtel, Cipla, Britannia, Sun Pharma, Maruti, and Bajaj Auto were the major drags today
 "Sensex falls 305 pts, Nifty gives up 17,250; Paytm slides 4%, HDFC 2%")
Sensex rebounds 1,059 pts from day's low, ends 697 pts up; RIL leaps 2.5%
CLOSING BELL: Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers
 "Sensex rebounds 1,059 pts from day's low, ends 697 pts up; RIL leaps 2.5%")
Anaplan to go private in $9.65 bn deal with Thoma Bravo, shares jump
With pandemic-led lockdowns accelerating digital transformations across enterprises, demand for cloud has jumped
 "Anaplan to go private in $9.65 bn deal with Thoma Bravo, shares jump")
Greaves Cotton rises 6%; rallies 15% in two days on heavy volumes
The company and Bounce Infinity have entered into an arrangement to provide battery swapping stations for Greaves Electric Vehicles.
 "Greaves Cotton rises 6%; rallies 15% in two days on heavy volumes")
Indices take US Federal Reserve rate hike in stride to rise for second day
Experts also said the sharp bounce in China's market is favourable for global equities
 "Indices take US Federal Reserve rate hike in stride to rise for second day")
Sensex soars 1,047 pts, Nifty tops 17,250; HDFC jumps 5.5%, Paytm drops 6%
CLOSING BELL: JSW Steel, Titan Company, SBI Life, RIL, Kotak Bank, Tata Consumer Products, Tata Steel, Nestle India, and Eicher Motors were the other notable gainers
 "Sensex soars 1,047 pts, Nifty tops 17,250; HDFC jumps 5.5%, Paytm drops 6%")
Nxtdigital surges 17% as board approves merger of Hinduja Leyland Finance
The merger will enable the shareholders of NDL to participate in and bolster the growth plans of HLFL thereby creating value for shareholders, the company said.
 "Nxtdigital surges 17% as board approves merger of Hinduja Leyland Finance")
Sensex sprints 1,040 pts, Nifty tops 16,950 ahead of US Fed outcome
CLOSING BELL: Ultratech Cement (up 4.6 per cent) was the top Nifty gainer today. This was followed by Axis Bank, Shree Cement, IndusInd Bank, Bajaj Auto, and Hindalco
 "Sensex sprints 1,040 pts, Nifty tops 16,950 ahead of US Fed outcome")
Sandur Manganese zooms 54% in one month after strong Q3 results
The company reported a 486 per cent year-on-year (YoY) jump in profit after tax (PAT) at Rs 109 crore for the quarter ended December 2021.
 "Sandur Manganese zooms 54% in one month after strong Q3 results")
Sensex snaps 5-day winning run, shed 709 pts; metal, energy stks worst hit
CLOSING BELL: Metal stocks including Hindalco, Tata Steel, and JSW Steel were among the worst hit stocks on the bourses as they shed between 3.7 per cent and 5.3 per cent
 "Sensex snaps 5-day winning run, shed 709 pts; metal, energy stks worst hit")
Avantel freezes at 20% upper circuit on winning order worth Rs 126 crores
The stock of the telecom equipment company was trading close to its 52-week high level of Rs 949, touched on October 19, 2021.
Markets extend rally to fifth day; Sensex up 935 pts, Nifty tops 16,850
Oil prices drop sharply on Russia-Ukraine talks
 "Markets extend rally to fifth day; Sensex up 935 pts, Nifty tops 16,850")
Sensex soars 936 pts, Nifty tops 16,850; HDFC Bank rises 3%, Paytm dips 12%
CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade
 "Sensex soars 936 pts, Nifty tops 16,850; HDFC Bank rises 3%, Paytm dips 12%")
Stock markets ignoring inflation shock?
Russia's invasion of Ukraine has only added to the inflation fire
 "Stock markets ignoring inflation shock?")
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")
Govt to file final papers for LIC IPO with Sebi soon, says official
The govt to soon file the final papers for LIC IPO with Sebi, which will provide details about the price band, discount for policyholders and retail buyers
 "Govt to file final papers for LIC IPO with Sebi soon, says official")
Insurance companies step up stock purchases amid market swings
LIC may have also ramped up share purchases to cushion the market against steep falls ahead of its initial public offering, said market watchers
 "Insurance companies step up stock purchases amid market swings")
Sensex and Nifty extend relief rally, jump over 2% amid bargain buying
Many fear that the high commodity prices would lead to further pressure on inflation and boost prospects of stagflation
 "Sensex and Nifty extend relief rally, jump over 2% amid bargain buying")
