RBI decision, global cues to drive mkts in holiday-shortened week: Analysts

RBI's interest rate decision, macroeconomic data and global trends would dictate terms in the equity market in a holiday-shortened week, analysts said. Besides, the focus will also be on foreign portfolio investors' trading activity, they added. Equity markets will remain closed on Tuesday for 'Mahavir Jayanti' and on Friday on account of 'Good Friday'. "Investment by FIIs, who are turning out to be small net buyers, and DIIs will be monitored. The market will also have an eye on the RBI MPC meeting. The RBI policy outcome is scheduled for April 6," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. From auto sales data, Maruti Suzuki, Hyundai and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in the best-ever performance to date. "This week is also a holiday-shortened one and scheduled events and data would keep participants busy. On the macroeconomic front, S&P global ...

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Mcap of nine of 10 most valued firms jumps Rs 2.34 trillion last week

Nine of the top 10 valued firms together added Rs 2,34,097.42 crore in market valuation amid a positive trend in equities last week, with Reliance Industries emerging as the biggest gainer. The 30-share BSE benchmark jumped 1,464.42 points or 2.54 per cent in a holiday-shortened last week. Equity markets were closed on Thursday on account of 'Ram Navami'. The market valuation of Reliance Industries zoomed Rs 86,317.26 crore to Rs 15,77,092.66 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 30,864.1 crore, taking its valuation to Rs 11,73,018.69 crore. HDFC Bank's market valuation rallied Rs 26,782.76 crore to Rs 8,98,199.09 crore and that of Infosys surged Rs 19,601.95 crore to Rs 5,92,289.92 crore. The market capitalisation (mcap) of Hindustan Unilever climbed Rs 18,385.55 crore to Rs 6,01,201.66 crore and that of ICICI Bank advanced Rs 17,644.35 crore to Rs 6,12,532.60 crore. State Bank of India's mcap went up by Rs 16,153.55 crore to Rs 4,67,38

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Sebi bans 3 people for 2 yrs; fines Rs 90 lakh in ZEEL insider trading case

Sebi has barred three individuals from the securities market for two years and imposed penalty totalling Rs 90 lakh on them in a case pertaining to insider trading activities in the scrip of Zee Entertainment Enterprises Ltd (ZEEL). The three individuals banned by the regulator -- Bijal Shah, Gopal Ritolia and Jatin Chawla -- have also been directed to pay the fine within 45 days. In addition, Ritolia and Chawla have been directed to disgorge illegal gains to the tune of Rs 7.52 crore and Rs 2.09 crore respectively along with interest, the regulator said in its 152-page final order on Friday. The case relates to insider trading activities by certain entities in the scrip of ZEEL, while in possession of unpublished price sensitive information (UPSI) pertaining to audited financial results of the media company for the quarter ended June 30, 2020 as well as launch of ZEEPLEX by the company on September 1, 2020. Bijal Shah, who was head of the financial planning and analysis, strategy

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India Inc's credit profile shows robust performance in Fy23: India Ratings

Sustained deleveraging, continued revenue, profitability growth boost rating

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Sebi probing some Adani offshore deals for possible rule violations: Report

The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by Gautam Adani over the last 13 years, the report said

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Gold price rises Rs 330 to Rs 60,000, silver jumps Rs 700 to Rs 74,000

The price of ten grams of 22-carat gold increased by Rs 300 to Rs 55,000

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Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered

Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.

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Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook

The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.

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RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

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Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

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Small stocks lag behind in FY23, take bigger hit than bluechip firms

Small stocks have lagged behind the equity benchmark Sensex in 2022-23, falling nearly 6 per cent amid a host of negative factors like higher interest rate regime, high inflation and the Russian-Ukraine war. According to market analysts, it was a tumultuous year for the Indian equity market. The Russian-Ukraine war made the first quarter of the Indian equity market particularly difficult, but the second and third quarters witnessed a respectable rebound, they noted. Headwinds such as high inflation, the Russia-Ukraine war and higher interest rates hit investors' appetite for small stocks. With just one day of trading left in the current fiscal, the BSE smallcap gauge has fallen by 1,616.93 points or 5.73 per cent so far in 2022-23. The midcap index is down 270.29 points or 1.12 per cent in the 2022-23 financial year. In comparison, the BSE Sensex has declined 608.42 points or 1.03 per cent. "Many factors contributed to the underperformance of the Indian stock market in FY23. The

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After worst streak in 22 years, India's $3 trn mkt positioned for a rebound

After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group

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Domestic steel demand will continue to see healthy growth till FY25: CRISIL

The domestic stainless steel demand is expected to grow at a compound annual growth rate (CAGR) of 9 per cent till 2024-25 financial year, according to Crisil Ratings. The domestic demand for stainless steel was at 4 million tonnes (MT) in fiscal 2021-2022, the ratings agency said in a report on Thursday. "Domestic demand for stainless steel is projected to log a healthy compound annual growth rate of 9 per cent in the three fiscals through 2025, double the 4.5 per cent pace of the past five fiscals," the Crisil Ratings report said. The demand will be driven by increasing adoption of stainless steel in railways which is a focus area for government infrastructure spending, and rising application in the automobile and construction sectors. The demand growth, in turn, will spur capacity additions. However, the credit profiles of players are expected to remain comfortable, given stable profit levels and healthier balance sheets. "Adoption of stainless steel is increasing because of i

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Fund raise via IPO more than halves to Rs 52,116 cr in FY23 from FY22

The total amount raised through initial public offerings (IPOs) more than halved to Rs 52,116 crore in FY23 from an all-time high collection of Rs 1,11,547 crore in the previous fiscal, according to an analysis. According to Prime Database, just 37 companies hit the main board listing process in FY23, much lower than 53 IPOs in FY22. Pranav Haldea, managing director of Prime Database Group, said Rs 20,557 crore which is 39 per cent of the total amount raised in FY23 was by LIC alone, without which the IPO fundraising would have been just Rs 31,559 crore in the year. Yet, FY23 is still the third highest in terms of IPO fund-raise, he said. Overall public equity fundraising also dropped by 56 per cent to Rs 76,076 crore in the reporting year from Rs 1,73,728 crore in FY22. While IPOs were worth Rs 54,344 crore (including SME issues) in the year, total fund raising through the capital markets stood at Rs 85,021 crore, of which Rs 11,231 crore were from the OFS (offer for sale) route,

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Sebi reduces penalty on Times Group's Samir Jain, wife and others

Regulator had restrained the couple, others from accessing capital market for allegedly violating norms

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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 12 more days in 2023

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International MF schemes get extra time to declare net asset values: Sebi

Funds can disclose NAV by 10 am the next day from July

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Facts absolutely opposite: Sebi chief on public perception in legal cases

Amid perception in certain quarters that Sebi is weak on the legal side, its chairperson Madhabi Puri Buch on Wednesday said "the facts are absolutely opposite". Sebi lost the high profile NSE co-location case in the Supreme Court recently wherein the apex court has partly upheld Sebi's orders of making NSE pay Rs 600 crore. Partly disposing of Sebi order, it allowed only Rs 100 crore penalty on the largest equity bourse and asked the Sebi to return the rest to the exchange. Addressing a press conference after a board meeting here this evening, Buch said, "while we do admit that the public perception is against us, the facts are absolutely opposite." Sharing details, she said, "We on average win as much as 75 per cent of the cases at the Supreme Court. That means we lose only one-fourth of the cases that go to the apex court. And I don't think this is bad run rate. "When it comes to the Securities Appellate Tribunal, our success rate is much higher at 81 per cent as of 2021," Buch

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Bias for Nifty likely to remain bearish below 17,210: HDFC Securities

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to Buy Mahanagar Gas and Dr.Reddy's Labs.

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NIfty FMCG looks weak; PVT Bank Index likely to outperform: Ravi Nathani

The Nifty Pvt Bank index can rally to 20,425 and 20,775 in the short-term.

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Sebi slaps penalties totalling Rs 36 cr on PNB Finance, CCCL, others

Sebi on Tuesday imposed penalties totalling Rs 35.67 crore on PNB Finance and Industries Ltd, Camac Commercial Company Ltd and various other entities, including promoters Samir Jain and Meera Jain who have also been barred from the securities market. Apart from the market ban, Samir Jain and Meera Jain have been restrained from holding any key managerial position or associating with any listed public company. These restrictions will be in place till the two companies comply with the minimum public shareholding requirement under Sebi norms, according to two separate orders. Listed companies are required to have at least 25 per cent public shareholding. As per Sebi, the two companies did not make adequate disclosures about their promoter entities. The companies, listed on Calcutta Stock Exchange, have also been directed to disclose details about their promoters. Samir Jain was the Vice Chairman and Managing Director of Bennett Coleman and Co. Limited (BCCL) at the relevant point of t

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South Dakota Guv Noem's veto of cryptocurrency regulations upheld

South Dakota's House failed on Monday to override Gov. Kristi Noem's recent veto of a bill that would have created government regulations for the use of cryptocurrency in the state. The bill had passed smoothly throughout the legislature, and Noem's veto of last week was upheld on a 37-30 vote. Proponents had argued the bill would have centralized different cryptocurrency systems through one government oversight commission, boosting transparency. But opponents saw the proposed regulations as a tool for potential government surveillance and overreach, saying they wanted more time to see how such legislation fares in other states. Six other states have passed the Uniform Commercial Code's update, which requires tangible records of cryptocurrency exchanges so that they can be considered money. National commercial standards aim to regulate digital currency exchanges by adding transaction records, but Noem said such a step would take away from South Dakotans' market freedoms. It would b

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S&P 500 edges down while bond yields rise with gold for a 2nd day

NEW YORK/LONDON (Reuters) - The S&P 500 inched lower on Tuesday after the previous session's gains while Treasury yields rose with gold for a second consecutive day with investors still wary of banks and the economy in the absence of strong positive catalysts.

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Deadline for nomination for MF, demat accounts extended till Sept 30

Stock brokers, AMCs directed to send regular communications to investors yet to comply

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Gold price declines by Rs 10 to Rs 59,680, silver remains unchanged

The price of ten grams of 22-carat gold also dropped by Rs 10 to Rs 54,700

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Stocks to watch: L&T, Coffee Day, Tata Motors, PNC Infratech, Gati, Carysil

Stocks to watch today: From Tata Motors to Coffee Day Enterprises, here are few stocks likely to see action in Tuesday's trade

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NSE, BSE put Adani Green Energy under 2nd stage of longterm ASM framework

Leading bourses NSE and BSE have said that Adani Green Energy will be put under the second stage of the long-term additional surveillance measure (ASM) framework from Tuesday. In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28. The move also comes close on the heels of the two exchanges moving two group firms Adani Total Gas and Adani Transmission from the second stage of the long-term ASM framework to Stage-I on Friday. On March 17, both exchanges put Adani Green Energy and NDTV under the first stage of the long-term ASM framework. Meanwhile, all the 10 listed firms of the Adani group on Monday ended the day in the negative territory, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas each falling nearly 5 per cent. Many of the group firms hit their lower circuit limits during the day. The Adani group stocks have taken a beating on the exchanges sinc

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IDFC First Bank partners Crunchfish to demonstrate offline retail payments

IDFC First Bank on Monday said it has partnered with Swedish company Crunchfish to pilot a project to demonstrate offline retail payments. IDFC First Bank, is set to be a part of RBI's pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even when there is no network. The unique digital payment solution was designed by Crunchfish for merchants and customers under the RBI's Regulatory Sandbox Program, IDFC First Bank said in a release. "This project will provide support for offline retail payments based on a Digital Cash platform to the payment ecosystem of India. IDFC FIRST Bank will be one of the first few banks to be a part of this pilot project by HDFC Bank," it said. The application was approved by the RBI to demonstrate offline payments between two banks. The Development and Demonstration Agreement which is a non-commercial agreement has now been signed to give IDFC First Bank access to the Digit

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Sebi imposes Rs 1-crore fine in Coffee Day Enterprises fund diversion case

The company was directed to pay the fine within 45 days, according to an order passed by the Securities and Exchange Board of India

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Indices snap two-day losing streak on gains in RIL, Maruti

The broader NSE Nifty50 advanced 40.65 points or 0.24 per cent to end at 16,985.70 points

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Morepen Labs zooms 18% on USFDA nod with NIL observations for HP facility

Earlier this month, the company had incorporated a wholly-owned subsidiary, Morepen RX.

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Gold price remain steady at Rs 59,840, silver rises Rs 100 to Rs 73,400

The price of ten grams of 22-carat gold also remained unchanged to Rs 54,850

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Stocks to watch: Tata Steel, BEL, Paytm, Zydus Life, Crompton Greaves, NBCC

Stocks to watch: From Tata Steel to Bharat Electronics, here are few stocks likely to see action in Monday's trading session

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A tenth of MF folios yet to comply with nomination rules ahead of March 31

As of end-February, total MF accounts was 144 million

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FPIs invest nearly Rs 7,200 crore in Indian equities in March so far

Excluding this, FPI activity in equities represents a strong selling undercurrent

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Markets to track factors in holiday week; may face volatility: Analysts

Stock markets may face volatility in a holiday-shortened week ahead amid monthly derivatives expiry, besides global factors and foreign fund trading activity would continue to dictate terms, analysts said. Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities. Markets would remain closed on Thursday for Ram Navami. "While volatility may increase locally before the March Futures and Options (F&O) expiry, the position of major international banks will continue to play a significant role in the direction of the market globally. "The market will also keep an eye on the geopolitical situation because there is still tension between Russia and Ukraine and there is also some tension developing between the US and Syria. But, the market is not paying much attention to this. Due to FIIs' aggressive selling in recent months, the institutional flow will also be crucial," said Santosh Meena, Head of Research, Swastika Investmart ...

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Five of top 10-firms lose Rs 86,447 cr in m-cap; Infosys, TCS, SBI hit hard

Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79 per cent. While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains. The market capitalisation (mcap) of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore. The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore. The mcap of Reliance Industries declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore. However, ICICI Bank added Rs 10,905.18 crore, taking its valuation to Rs 5,94,888.25 crore. The valuat

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