BUSINESS
Taking Stock: Last-hour selling pushes Nifty below 19,550, Sensex down 610 points
All sectoral indices end lower, led by Nifty IT which slumped over 2 percent. Media, FMCG, auto and consumer durables were down over a percent each
BUSINESS
F&O Manual | Bears keep their feet on pedal, rollover-induced volatility likely
Call writers were relatively more active as they tried to push Nifty 50 further lower. For the next week’s contract, 19700 is seeing neutral trades such as straddle while 19800 is becoming a resistance zone.
BUSINESS
Best IPOs of 2023: Here are the stocks that have gained the most after listing
The IPO mart, in the latter half of the year, has become a money-spinner for anyone who wants alpha, and can take a bit of risk. This is despite a downward trend in IPOs in the global market. Will the trend hold?
BUSINESS
Yatra Online's debut likely to disappoint investors, say analysts
The company and its shareholders raised Rs 775 crore from primary markets. The issue was subscribed about 1.7 times – much lower than most IPOs being launched these days.
BUSINESS
Sai Silks IPO to see lacklustre listing amid low GMP, weak markets
It has a network of 54 stores in Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu as of July 2023. The company offers a diverse range of products including ultra-premium and premium sarees, lehengas, and men's & children’s ethnic wear.
BUSINESS
Little giants growing an ugly head? Mapping the exuberance in the SME segment
The BSE SME IPO index – a representative index of SME stocks having over 60 constituents stocks as of now – has delivered a whopping 10,350 percent returns in the last 10 years
BUSINESS
Taking Stock: Sensex extends losing run to 4th day, Nifty slides below 19,700
JPMorgan, earlier in the day, announced India's inclusion in its Government Bond Index-Emerging Markets (GBI-EM) global index suite with effect from June 2024. This is likely to bring huge amount of liquidity in the Indian market
BUSINESS
Zaggle Prepaid Ocean Services IPO expected to see tepid listing on bourses
As per dealers active in the unlisted market, Zaggle Prepaid Ocean Services commanded a grey market premium (GMP) of Rs 14 against issue price of 164, meaning a premium of about 9 percent.
BUSINESS
Loss-making Samhi Hotels to see lukewarm listing on bourses, say analysts
The grey market premium (GMP) that Samhi Hotels commands is between 3-6 percent over the issue price of Rs 126, dealers active in the unlisted market said. This indicates that investors should not expect a bumper gains on the first date
BUSINESS
Saurabh Mukherjea-led Marcellus adds Trent, Rainbow Children’s Medicare to its portfolios
Consistent Compounders is the flagship portfolio that invests primarily in largecap stocks that have high cashflow. Little Champs portfolio invests primarily in smallcap stocks.
BUSINESS
Taking Stock: Hawkish Fed commentary pushes Sensex down for 3rd day, Nifty below 19,750
Continued selling by foreign institutional investors (FII) and elevated crude oil prices remained a concern. Weakness in global markets also hit the mood back on Dalal Street
BUSINESS
EMS IPO likely to see strong start on bourses despite weakness in market
According to its IPO draft, as on July 31, 2023, the company was operating and maintaining 18 projects including Wastewater Scheme Projects (WWSPs), Water Supply Scheme Projects (WSSPs), Sewage Treatment Plants (STPs) and Hybrid Annuity Model (HAM) aggregating Rs 1,744.9 crore and 5 O&M projects aggregating Rs 99.3 crore.
BUSINESS
Brace for more outflow of foreign funds this week, but market strong enough to rebound
During the week gone by FIIs withdrew a net Rs 565.48 crore even as the market was buoyant. This figure includes bulk deals and investment through the primary market. Sensex and Nifty appreciated by about 2 percent during the week.
BUSINESS
Sensex on a record rally since 2007, mops up Rs 14 lakh cr in just 11 sessions
The week gone by was characterised by not just a strong set of business updates from India Inc., but also rising optimism over global cues. Inflation dipped slightly and analysts are now seeing silver lining in even deficiency in the monsoon.
BUSINESS
Contra view: Pharma overvalued sector now, says Dharmesh Kant
Kant also sounded caution on the banking sector, where he sees an uptick in bad loans as the below-par monsoon hit rural incomes. Low corporate demand is also hurting their financials.
BUSINESS
What is common among Jesse Livermore, Benjamin Graham and Howard Marks
These three are renowned for what they have achieved. Three different kinds of personalities active in the securities market in different eras. But, one realisation, which links them, has made all the difference.
BUSINESS
Buzzing Stocks: IRCTC, Bombay Dyeing, NBCC, Venus Remedies & others in news today
Stocks to watch: Check out the companies making headlines before the opening bell, on September 14, 2023.
BUSINESS
Mapping Midcap Rush: These stocks saw returns outstrip earnings growth by the widest margin
Rally in midcaps has left the Street divided. One faction sees a “mad dash” happening in midcaps while the other believes the rally is far from over and the valuations are still catching up. No matter who is right, the fact is most stocks are getting re-rated on a daily basis, i.e., they are seeing their price multiples rising. This means stocks are delivering excess returns disproportionate to their earnings growth, leading to what some term as “froth”. Below are some names that have delivered maximum excess returns in the Nifty Midcap 100 index.
BUSINESS
India's 'Bits' & 'Atoms': Who is winning the race?
Collectively, Bits of India Inc. seems to have raced ahead of Atoms in terms of sales growth. However, in terms of stock market returns, investors have been disappointed.
BUSINESS
Buzzing Stocks: L&T, RIL, Power Grid, Gallant Ispat, Laurus Labs, others in news
Stocks to watch: Check out the companies making headlines before the opening bell, on September 12, 2023.
BUSINESS
Nifty @ 20k: Top 10 companies estimated to show highest EPS growth in FY24-25
In the last leg of the market rally, sectors such as banks, real estate, auto, consumer staples and infrastructure have delivered superior earnings growth. In FY23, Nifty earnings grew 16 percent over the previous fiscal year.
BUSINESS
F&O Manual: Sideways movement tests patience of traders; support seen around 19,500
Sameet Chavan, Head Research, Technical and Derivatives, Angel One, said the overall market breadth remained buoyant but with a narrow difference, signifying a sense of timidity as Nifty inched towards the crucial hurdle zone.
BUSINESS
As cement industry sees surge in demand, which stock can deliver maximum returns?
As the monsoon recedes and the general election nears, cement companies have started hiking prices expecting a surge in demand. This is likely to improve the financial performance of cement companies. Investors have also started taking note of this fact. So, if you want to capitalise on this trend, where should you invest?
BUSINESS
F&O Manual | Bulls on the charge, but supply pressure likely; Nifty may find support at 19,500
Sameet Chavan, Head Research, Technical and Derivatives, Angel One, said, the market has shown its intent and it would be just a matter of time before the benchmark would come out from the broader consolidation zone to regain a strong momentum.
