Mcap of 4 of top 10 firms falls by Rs 56,006 cr, HDFC twins falls steepest

Four of the top 10 valued firms together lost Rs 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit. Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent. While HDFC Bank, State Bank of India, HDFC and Bharti Airtel faced erosion in their valuation, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC and Infosys were the gainers, with a combined addition of Rs 44,540.05 crore in their market capitalisation (mcap). Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see significant fund outflow. The valuation of HDFC Bank tumbled Rs 34,547.61 crore to Rs 9,07,505.07 crore, the most among the top 10 firms. HDFC's mcap eroded by Rs 13,584.9 crore to Rs 4,95,541.41 crore and that of Bharti Airtel fell by Rs 6,356.46 crore to Rs 4,39,153.22 crore. The market capitalisation of State Bank of India declined by Rs 1,517.18 crore to Rs 5,14,370.01 .

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Chinese users of Binance, FTX show holes in Beijing's cryptocurrency ban

These glimpses of their trading activity support suspicions that some of China's 1.4 billion people flout the prohibition Beijing imposed in September 2021

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Gold price rises Rs 220 to Rs 62,400, silver jumps Rs 1,150 to 78,250

The price of ten grams of 22-carat gold rose Rs 200, with 10-grams of the yellow metal trading at Rs 57,200

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Bitcoin perpetuals becoming an even bigger driver of digital token's price

The perpetual contract was first introduced by crypto exchange BitMEX in 2016. Exchanges use the so-called funding rate - or the cost to trade

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Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net

The company's net profit jumped to Rs 225 crore in Q4FY23 from Rs 76 crore a year ago, aided by profit from sale of freehold land.

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Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

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MARKET LIVE: Quiet open likely as US banking fears deepen; Adani Ent eyed

Stock market live on May 5, 2023: In the US, contagion fears in the regional bank space resurfaced with shares of LA-based bank PacWest Bancorp sliding over 50 per cent overnight

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Gold price jumps Rs 540 to Rs 62,180, silver price increases by Rs 300

The price of ten grams of 22-carat gold rose Rs 500, with 10-grams of the yellow metal trading at Rs 57,000

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F&O strategy: HDFC Securities suggests Bull Spread on L&T Finance

Nandish Shah of HDFC Securities recommends to buy L&T Finance 96 call option and simultaneously sell 100 call of the May series

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Cyber alert against Royal ransomware that attacks health, education sectors

The Indian cyber security agency has issued a warning against "Royal ransomware" virus that attacks critical sectors like communications, healthcare, education and even individuals and seeks pay-off in Bitcoins for not leaking personal data in the public domain. The Indian Computer Emergency Response Team or CERT-In has stated in a latest advisory that this Internet spread ransomware sneaks in through phishing emails, malicious downloads, abusing RDP (remote desktop protocol) and other forms of social engineering. This ransomware, cyber experts told PTI, was first detected in January 2022 and it got active sometime around September last year even as the US authorities issued advisories against its spread. Royal ransomware is targeting multiple crucial infrastructure sectors, including manufacturing, communications, healthcare, education, etc. or individuals. The ransomware encrypts the files on a victim's system and attackers ask for ransom payment in bitcoin," the advisory ...

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Gold rallies Rs 940 to record high of Rs 62,020; silver zooms Rs 660

Gold prices rallied Rs 940 to a lifetime high of Rs 62,020 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities. The precious metal had settled at Rs 61,080 per 10 grams in the previous trade. Silver also zoomed Rs 660 to Rs 76,700 per kg. Gold prices in the domestic market climbed to record high following overnight gains in the international market, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. In the overseas market, both gold and silver were trading higher at USD 2,039.50 per ounce and USD 25.50 per ounce, respectively. Gold prices traded up in Asian trading hours on Thursday as dollar and bond yields dropped after the US Fed signalled a pause in policy tightening from the next meeting after hiking the benchmark interest rate by 25 basis points, Gandhi said.

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MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days

Analysts at Motilal Oswal Financial Services (MOFSL) said that MRF's Q4FY23 performance surprised positively as lower raw material costs boosted Ebitda margin to 14.7 per cent

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Petronet LNG dips 5% on disappointing Q4 results; net profit falls 18% YoY

The company's profit after tax (PAT) declined 18 per cent YoY (down 48 per cent QoQ) to Rs 614.3 crore. Revenue increased 24.3 per cent YoY (down 12 per cent QoQ) to Rs 13,873.9 crore

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Cholamandalam Investment soars 9% to hit a new high after strong Q4 results

The management said it had gained market share across product segments like in vehicle finance (VF), and other business units.

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Charts show near-term resistance for Nifty Auto, Nifty FMCG; here's why -

Nifty Auto, and Nifty FMCG indices are likely to face resistance in the near-term, hence the best trading strategy to adopt is to sell-on-rise, said the technical analyst

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Gravita India hits 52-week high; up 11% on huge volume day after Q4 results

A combined 2.2 million equity shares representing 3.1 per cent of total equity of Gravita India had changed hands in intra-day deals on the NSE and BSE.

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CPSE index nears record high after six years; RVNL zooms 125% since March

In the past one month, CPSE index has outperformed the market by surging 7 per cent, as compared to 3.4 per cent rise in the S&P BSE Sensex.

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Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club

At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows

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Astec LifeSciences tumbles 10% on loss in Q4; stock down 44% in six months

The company reported a net loss of Rs 5 crore for Q4FY23 as against a net profit of Rs 43.10 crore in a year ago period.

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Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health

Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.

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MARKET LIVE: Weak open likely on sombre global cues;Tata Steel, IndiGo eyed

Stock market live: Overnight in the US, banking shares declined as investors fret over the stability of small regional banks. The Dow Jones and Nasdaq fell 1.08% each while the S&P 500 shed 1.16%

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Charts show range bound trend for Nifty IT in near-term, adopt sell-on-rise

Given the current market conditions, the best trading strategy for traders would be to buy the Nifty IT Index near the support levels and sell it near the resistance levels, said the technical analyst

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Stocks to Watch Today: Adani Group, UltraTech, Auto, Sugar, ONGC, Blue Star

Stocks to Watch: On the earnings front, Ambuja Cements, Adani Total Gas, PSB, Tata Steel and Uco Bank are likely to be on investors radar on Tuesday.

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Charts show bullish run for Nifty50, Nifty Bank in near-term: Ravi Nathani

According to the technical analyst, traders are highly recommended to accumulate the Nifty and its underlying constituents during any dips, preferably near the support levels

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Bitcoin sags after its longest streak of monthly gains since 2021

The token slid as much as 3.6% and was trading at $28,504 as of 6:40 a.m. in New York. Smaller coins such as Ether and Solana also retreated, as did an index of the top 100 digital assets

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Sebi cancels licence of brokerage house CNB Commodities in NSEL case

Markets regulator Sebi has cancelled the registration of brokerage house CNB Commodities for participating in illegal 'paired contracts' launched by the now defunct National Spot Exchange Ltd (NSEL). In addition, Sebi has asked the broker to allow its existing clients to withdraw or transfer their securities or funds held in its custody within 15 days. In case of failure of any clients to withdraw or transfer their securities or funds within this period, the broker will transfer the funds and securities of such clients to another broker within a period of the next 15 days thereon under the advice of the said clients. The case relates to the participation of CNB Commodities, which was a member of the NSEL, in 'paired contracts that did not have regulatory approval. The alleged transactions were carried out by the broker on the NSEL platform in 2012-13 and 2013-14. In its order, Sebi said there were enough red flags for a reasonable person to come to conclude that what was being off

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Blue Star board to consider proposal for issuance of bonus shares on May 4

The company is scheduled to announce its earnings for the March quarter on Thursday

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Stagflation is the risk that eludes investors mispricing financial markets

That highlights the risk of mispricing in short-term interest rates market, which are pricing in one to two quarter-point rate cuts by the end of this year

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Commercial LPG cylinder prices slashed by Rs 171.50; to cost Rs 1856.50

From today a 19kg commercial LPG cylinder will be priced at Rs 1856.50 from today

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There's little downside in Indian equity markets, says Mahesh Patil

While demand has been softening, commodity price deflation, along with cost control measures by corporates, has prevented severe margin contraction, says Mahesh Patil, CIO, Aditya Birla Sun Life AMC

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Bitcoin's monthly streak brings $100,000 into view if history is right

Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021

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Sebi's Adani probe: Information from overseas regulators gets delayed

Sources said Sebi has been writing to various regulators in several jurisdictions over the past few weeks regarding the Adani issue

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Global markets turn cautious again amid concerns of banking crisis

Global economy was once again beginning to stare at the possibility of economic slowdown as fears re-emerged over the possibility of economic recession in the US owing to another banking crisis

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Nexus Select Trust's Rs 3,200 crore REIT IPO to hit capital market on May 9

Global investment firm Blackstone-sponsored Nexus Select Trust will hit the capital market on May 9 to raise up to Rs 3,200 crore through its retail REIT initial public offering (IPO). This will be India's first REIT (Real Estate Investment Trust) IPO backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all backed by office assets. Nexus Selct Trust has filed its offer document with market regulator SEBI for its IPO. According to the offer document, the total size of the public issue is Rs 3,200 crore, which includes fresh issue of units worth up to Rs 1,400 crore and offer for sale (OFS) of up to Rs 1,800 crore. Earlier, the company had planned to raise up to Rs 4,000 crore from its proposed REIT public issue. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with Sebi to launch its retail REIT public issue. Nexus Select Trust has a portfolio of 17 operational shopping malls acros

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