HImFasHIon: 2023-04-16

Saturday 22 April 2023

Global IPO market shows signs of life even as recession fears persist

The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia

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Friday 21 April 2023

Sebi plans to allow mutual funds with performance-based fees: Report

If introduced, India would be one of a handful of major markets to introduce performance-linked fees for mutual funds

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ICICI Bank to report Q4 result on April 22; here's what brokerages expect

ICICI Bank is slated to report its January-March quarter result on Saturday, April 22

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Thursday 20 April 2023

HCL Technologies gains 3% post March quarter results

HCL Tech's guidance of 18-19 per cent EBIT margin in FY24, despite prevailing uncertainties and larger share of cost take out deals in pipeline, suggests good cost control measures.

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ED seizes crypto currencies, assets of Rs 34.75 cr in illegal forex trading

The ED investigation has revealed that the online trading app and website are operating in India in association with India based entity OctaFx India Pvt. Ltd

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First Bharat Bond ETF matures, delivers 6.5% annualised returns

Edelweiss MF has merged the ETF with Bharat Bond ETF 2025 post maturity on April 17

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Footwear stocks rally; Khadim, Liberty Shoes, Superhouse zoom up to 20%

Bata India, Metro Brands, Sreeleathers, Relaxo Footwears and Campus Activewear were up in the range of 2 per cent to 7 per cent

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This railway stock soared 14% today, hitting new high on heavy volumes

In the past two months, the stock of Titagarh Wagon has zoomed 58% after the company reported healthy YoY revenue growth of 71% and healthy operating margin of ~10% in the first nine months of FY23

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Hotel stocks in demand: Lemon Tree, Oriental, Kamat Hotels surge up to 10%

Going forward, analysts expect FY24 to stay strong for the sector supported by full resumption of the economy, India's G20 presidency in 2023, ICC Men's world cup and easing of E-visa rules.

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Wednesday 19 April 2023

Indian money managers continue to trim holdings of Adani Group's stocks

Investments by local equity mutual funds in the group accounted for only 0.9% of the industry's $182 billion in assets at the end of March

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Can the rally in Nifty Realty index sustain? Here's what charts suggest

The Nifty Realty Index could face stiff resistance in the range of 445 to 457 levels.

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Markets fall for third day as IT sell-off continues; Sensex dips 159 points

The Nifty IT index fell 1.8 per cent on concerns over the growth outlook for the sector amid a slowdown in the US and European markets

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Prism Johnson surges 13% on hopes of improvement in operational performance

Rating agencies expect the profitability of PJL's to improve in FY24 owing to softening in input procurement costs coupled with cost savings

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Equities, other risk assets face hit as $800 bn stimulus to fade, says Citi

The risk rally has been fueled by the injection of over $1 trn of central bank liquidity, and high-frequency liquidity indicators suggest this is already stalling

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Tuesday 18 April 2023

Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%

Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.

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HCL Tech Q4 preview: Weak software segment to drag profit by 4-9% QoQ

HCL Tech Q4FY23 preview: The firm's Ebit margin is likely to decline on a QoQ basis to 18.1-18.6 per cent. This stood at 19.6 per cent in Q3FY23

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Nifty Realty up 13% so far in April; Godrej, DLF, Oberoi zoom up to 27%

With a decline in interest rate, sustained affordability and gradual price hikes, the analysts expect industry growth to be back on track.

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Monday 17 April 2023

Tata Chemicals declines 7% after company slashes soda ash prices

Analysts at Kotak Institutional Equities see this as an incremental negative for soda ash prices, though uncertainties remain around demand and supply and will need to be monitored

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Avalon Technologies lists on a subdued note; dips 5% from issue price

The stock dipped to a low of Rs 411 on the NSE, down 5.5 per cent when compared with the issue price of Rs 436 per share.

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Gold price falls Rs 10 to Rs 61,020, silver unchangedat Rs 78,500

The price of ten grams of 22-carat gold fell Rs 10 to Rs 55,930

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Stock Market LIVE: Q4 nos, global cues in focus; Avalon Tech to list today

Stock market LIVE updates: Avalon Technologies has fixed Rs 436 apiece as the issue price

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Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services

According to Ravi Nathani, an independent technical analysts, the Nifty Bank Index is expected to face significant resistance around the 42,700 level in the near term.

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