HImFasHIon: 2023-04-02

Saturday 8 April 2023

Mcap of 8 of top-10 firms climbs Rs 82,169 cr last week; HDFC twins sparkle

Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for 'Mahavir Jayanti' and on Friday (April 7) on account of 'Good Friday'. The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week. Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC's market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore. Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore. The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81

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Macroeconomic data, quarterly results to guide markets next week: Analysts

Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'. "Leading IT companies TCS and Infosys will report their results this week. Due to concerns about a worldwide recession, markets will pay close attention to management commentary. US inflation and non-farm payroll figures will be important things to keep an eye on the global front. "In addition to FIIs' actions, other crucial market-determining variables include the movement of crude oil prices, the dollar index, and US bond yields," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. TCS will announce its quarterly earnings on Wednesday and Infosys on Thursday. Ajit Mishra, VP -

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Public sector non-life insurers doesn't respect CLC orders: GIEAIA

The four companies are National Insurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd and The New India Assurance Company Ltd

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Friday 7 April 2023

SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy

An unchanged repo rate may propel rate sensitive stocks to rise up to 15 per cent

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Despite market volatility, 25 million demat accounts added in FY23

Going forward, experts believe that the growth in new demat accounts will depend on the market trajectory

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Ramakrishna Forgings stock zooms 107% on BSE in less than 10 months

The stock of casting & forging company, therefore, surpassed its previous high of Rs 290.75, touched on March 15, 2023

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Investors' wealth jumps over Rs 10.43 trn in last 5 days of market rally

Equity investors became richer by over Rs 10.43 lakh crore in the past five days, as markets continued their winning momentum helped by foreign fund inflows and stable global trends. The market capitalisation of BSE-listed firms have surged Rs 10,43,216.79 crore to Rs 2,62,37,776.13 crore in the last five trading sessions (March 29-April 6). This week, equity markets were closed on Tuesday (April 4) for "Mahavir Jayanti". Markets are closed on Friday on account of "Good Friday". Last week, stock markets were closed on Thursday for "Ram Navami". The 30-share BSE Sensex has jumped 2,219.25 points or 3.85 per cent in the past five trading sessions. According to market analysts the benchmark indices have rallied aided by improved overseas fund inflows and positive global cues. "The Indian equity market saw gains for the second week in a row after a protracted period of underperformance, thanks to stable global cues, FII buying amid valuation comfort, and signs of a worldwide peak in

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Thursday 6 April 2023

Unauthorised investment advisory services: Sebi bans 4 for six months

Sebi has barred four entities from the securities markets for six months for providing unauthorised investment advisory services and directed them to refund investors' money collected through such services within three months. Those restrained by Sebi are -- Course Work Focus, its proprietor Shashank Hirwani; Capital Research, its proprietor Gopal Gupta; and Rahul Patel who is the proprietor of Capres. In two separate orders, Sebi found that these entities were engaged in the business of providing investment advice to their clients, for consideration, without obtaining Sebi's registration. According to Sebi, Course Work Focus and Hirwani collectively received over Rs 96 lakh from investors during March 2018 to July 2020 and Capital Research, Gupta and Patel together collected Rs 60.84 lakh between June 2014 and November 2019 by providing such unregistered investment advisory services. Through such acts, they violated the provisions of investment adviser (IA) norms, the Securities

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Stock market holiday: BSE and NSE to remain closed today on Good Friday

Stock market holiday today: Full list of stock market holidays in 2023 here

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Mkts see optimism in RBI's status quo, gain for 5th day after initial fall

Gains in index majors HDFC twins and Reliance Industries helped offset losses in IT, Power and FMCG stocks amid weak global trends

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Wednesday 5 April 2023

Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged

SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.

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TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days

The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company.

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Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP

Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile

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RBI rate hike touch & go affair amid inflation, growth concerns, swaps show

Policy decisions this week from some of the Reserve Bank of India's global peers offer a good reason for the split

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National Stock Exchange cautions investors against two individuals

The National Stock Exchange (NSE) on Wednesday cautioned investors against two individuals and asked them not put their money in any investment product offered by them. The two individuals are Archana Patel associated with Piramid Solution and Naga Rathnam associated with Wings2Trade. They were offering to handle trading account of investors by asking them to share their user ID and password, the NSE said in two separate statements. According to the statements, these persons are not registered either as a member or authorised persons of any registered member of the NSE. Patel was providing guaranteed returns on investment in the stock market, the bourse said. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by law. "Participation in such prohibited schemes is at investors' own risk, cost and consequences as such schemes are neither approved n

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Gold could test Rs 66,500, Silver Rs 85,000 in FY24, charts suggest

MCX Gold is likely to trade with a bullish bias this April as long as prices sustain above Rs 59,800; Pivot point for Silver is Rs 73,800.

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Tuesday 4 April 2023

Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract

The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.

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Bajaj Finance up 4% after new loan bookings surge 20% YoY in Q4FY23 update

Loans booked by consumer financier Bajaj Finance jumped 20% YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year

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Gold price jumps Rs 660 to Rs 60,330; silver rises Rs 600 to Rs 74,600

The price of ten grams of 22-carat gold rose Rs 600 to Rs 55,300

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'Sell-on-rise' strategy suitable for Nifty Private Bank index: Ravi Nathani

The technical analyst recommends to employ 'sell-on-rise' strategy for Nifty Private Bank, Nifty Consumption indices in the near-term

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Dogecoin rises as much as 30% as Twitter home button becomes Doge meme

Doge also began to trend on Twitter. The token gave up some gains to trade 8.6% higher at 11 a.m. in London

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Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes

The latest pledges bring the total volume of cuts by Opec+ to 3.66 million bpd, including a 2 million barrel cut last October, equal to about 3.7 per cent of global demand

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Wright launches AI platform for MF transactions by retail investors

People can use it to make investments tailored to their risk profiles and financial goals, says company

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Monday 3 April 2023

Stock markets closed today; check full list of 2023 market holidays here

Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 11 more days in 2023

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Gold price falls Rs 330 to Rs 59,670; silver declines Rs 500 to Rs 74,000

The price of ten grams of 22-carat gold fell Rs 300 to Rs 54,700

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Manappurm Finance hits 52-week high; up 11% in a week on improved outlook

CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.

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