Posts in category Business Standard
Global trends, WPI inflation factors to watch out for this week: Analysts (14-05-2023)
Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said.
Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday.
"Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday. WPI inflation data is also scheduled on May 15. Apart from economic releases, global cues, especially the performance of the US indices and the trend of foreign flows will also be in focus for cues," said Ajit Mishra, VP - Technical Research, Religare Broking Ltd.
Retail inflation declined to an 18-month low of 4.7 per cent in April mainly due to falling prices of vegetables, oils and fats, and came closer to Reserve Bank's target of 4 per cent, showed government data released Friday.
India's industrial production growth slipped to a five-month low of 1.1 per cent in March from 5.8 per cent in ...
Global trends, WPI inflation to drive domestic markets this week: Analysts (14-05-2023)
Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said.
Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday.
"Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday. WPI inflation data is also scheduled on May 15. Apart from economic releases, global cues, especially the performance of the US indices and the trend of foreign flows will also be in focus for cues," said Ajit Mishra, VP - Technical Research, Religare Broking Ltd.
Retail inflation declined to an 18-month low of 4.7 per cent in April mainly due to falling prices of vegetables, oils and fats, and came closer to Reserve Bank's target of 4 per cent, showed government data released Friday.
India's industrial production growth slipped to a five-month low of 1.1 per cent in March from 5.8 per cent in ...
M-cap of 8 of top 10 valued firms soars Rs 1.26 trn; Reliance, HUL shine (14-05-2023)
Eight of the top 10 valued firms together added Rs 1,26,579.48 crore in market valuation last week, with Reliance Industries and Hindustan Unilever Ltd emerging as the biggest gainers.
Last week, the BSE benchmark jumped 973.61 points or 1.59 per cent.
Only ITC and Infosys faced erosion in their valuation, while Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC and Bharti Airtel were the gainers.
The market valuation of Reliance Industries jumped Rs 28,956.79 crore to Rs 16,80,644.12 crore.
Hindustan Unilever's valuation rallied Rs 28,759 crore to Rs 6,16,391.77 crore.
The market capitalisation (mcap) of HDFC Bank climbed Rs 23,590.05 crore to Rs 9,31,095.12 crore and that of TCS zoomed Rs 15,697.33 crore to Rs 11,97,881.94 crore.
The mcap of HDFC surged Rs 13,893.03 crore to Rs 5,09,434.44 crore and that of ICICI Bank soared Rs 11,946.89 crore to Rs 6,59,479.70 crore.
Bharti Airtel's valuation moved up by
M-cap of 8 of top 10 valued firms soars Rs 1.26 trn; Reliance, HUL shine (14-05-2023)
Eight of the top 10 valued firms together added Rs 1,26,579.48 crore in market valuation last week, with Reliance Industries and Hindustan Unilever Ltd emerging as the biggest gainers.
Last week, the BSE benchmark jumped 973.61 points or 1.59 per cent.
Only ITC and Infosys faced erosion in their valuation, while Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC and Bharti Airtel were the gainers.
The market valuation of Reliance Industries jumped Rs 28,956.79 crore to Rs 16,80,644.12 crore.
Hindustan Unilever's valuation rallied Rs 28,759 crore to Rs 6,16,391.77 crore.
The market capitalisation (mcap) of HDFC Bank climbed Rs 23,590.05 crore to Rs 9,31,095.12 crore and that of TCS zoomed Rs 15,697.33 crore to Rs 11,97,881.94 crore.
The mcap of HDFC surged Rs 13,893.03 crore to Rs 5,09,434.44 crore and that of ICICI Bank soared Rs 11,946.89 crore to Rs 6,59,479.70 crore.
Bharti Airtel's valuation moved up by
Gold price rises Rs 110 to Rs 61,800; silver falls Rs 200 to Rs 74,800 (14-05-2023)
The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,650
Karvy Stock Broking case: Sebi fines Rs 1.9 crore on 4 ex-officials (12-05-2023)
Capital markets regulator Sebi on Friday imposed a penalty totalling Rs 1.9 crore on four former officials of Karvy Group for flouting norms in the case pertaining to misappropriation of clients' funds by Karvy Stock Broking Ltd (KSBL).
They have been directed to pay the fine within 45 days, according to the order passed by the Securities and Exchange Board of India (Sebi).
The order came after Sebi initiated adjudication proceedings against the key persons of KSBL, who allegedly contributed/colluded with the brokerage house in its wrongdoings.
Those penalised by Sebi are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL; Srinivasa Raju, who was the General Manager- back office operations; and V Mahesh, who was the MD of Karvy Stock Broking's subsidiary KDMSL.
The case relates to KSBL's raising huge funds by pledging clients' securities and by misusing the Power of Attorney (PoA) granted to it by its clients. Further, the funds by ...
Sensex gains 123.38 points, finishes over 62K, highest since December (12-05-2023)
The 30-share index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022
BSE, NSE to remove 3 Adani Group stocks from ASM framework on Monday (12-05-2023)
Leading bourses BSE and NSE on Friday said that three Adani group companies -- Adani Total Gas, Adani Transmission and Adani Green Energy -- will move out of the ASM framework from May 15.
On March 24, both the bourses had moved Adani Total Gas and Adani Transmission from second to the first stage of the long-term Additional Surveillance Measure (ASM) framework.
Last month, the exchanges had also moved Adani Green Energy to first stage of long-term ASM framework.
The stocks will be excluded from ASM framework effective May 15, according to two separate circulars available on the BSE and NSE websites.
PC Jeweller is also another stock that was excluded from the ASM framework.
On Thursday, MSCI announced that two Adani group companies -- Adani Total Gas and Adani Transmission -- will move out of the MSCI India Index with effect from May 31.
MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios.
US short-seller Hindenburg Resear
Bitcoin sinks to lowest since March after falling for a second straight day (12-05-2023)
The largest digital asset fell as much as 3.2% on Friday to around $26,100, and is staring down its first back-to-back weekly losses since March
Sebi cancels Bharat Bhushan Finance and Commodity Brokers registration (12-05-2023)
Markets regulator Sebi on Friday cancelled the registration of brokerage house Bharat Bhushan Finance and Commodity Brokers Ltd for participating in illegal 'paired contracts' launched by now defunct National Spot Exchange Ltd (NSEL).
In addition, the regulator 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 Bharat Bhushan Finance and Commodity Brokers in 'paired contracts' that did not have regulatory approval.
The broker traded in the alleged paired contracts from April 2012 to May 2013 on the screen based trading platform of NSEL on behalf of and in accordance with the instructions of t