Page 9 - Latest Updates on Stock Market
This is why Sensex scaled over 700 pts intraday, BSE SmallCap hit new high
The broader markets also showed strength with the BSE MidCap index rising 0.66 per cent at 48,627 levels, while the BSE SmallCap index scaled a new record high at 56,066, jumping 385 points
 "This is why Sensex scaled over 700 pts intraday, BSE SmallCap hit new high")
Macro data, global cues to chart market direction this week: Analysts
Markets will also be reacting to remarks made by the US Federal Reserve Chair Jerome Powell, they said
 "Macro data, global cues to chart market direction this week: Analysts")
Public shareholder sells 1.43% stake in Nykaa for Rs 851 cr via block deal
As per the bulk deal data available on the BSE, Harindarpal Singh Banga divested over 4 crore shares, or 1.43 per cent stake, in Nykaa at Rs 208.30 apiece, taking the transaction value to Rs 851.50 cr
 "Public shareholder sells 1.43% stake in Nykaa for Rs 851 cr via block deal")
ChrysCapital exits Eris Lifesciences; sells 7.27% stake for Rs 1,187 cr
Eris Lifesciences Ltd is a listed Indian pharmaceutical company and a leading player in the domestic branded formulations market
 "ChrysCapital exits Eris Lifesciences; sells 7.27% stake for Rs 1,187 cr")
Divi's Labs shares jump 5% as US court stays FDA approval for Entresto drug
Shares of Divi's Laboratories surged up to 5 per cent at Rs 4960 per share on the BSE in Wednesday's intraday deals
 "Divi's Labs shares jump 5% as US court stays FDA approval for Entresto drug")
PNB Housing jumps 10% after 14 mn shares change hands via block deals
While the buyers and sellers could not be confirmed, General Atlantic Singapore Fund FII Pte Ltd was the likely seller in the housing finance company
 "PNB Housing jumps 10% after 14 mn shares change hands via block deals")
Stock Market Highlights, Aug 20: Sensex rises 378 pts, Nifty nears 24,700; all but FMCG rise
Stock Market Highlights on August 20: Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent
 "Stock Market Highlights, Aug 20: Sensex rises 378 pts, Nifty nears 24,700; all but FMCG rise")
Chinese stock exchanges to stop releasing data on overseas fund flows
That's because the country's stock exchanges will stop releasing daily data on overseas fund flows starting Monday, depriving investors of a key sentiment indicator to track the $8.3 trillion market
 "Chinese stock exchanges to stop releasing data on overseas fund flows")
High-quality stocks at their cheapest in 20 years, says Saurabh Mukherjea
There is a huge valuation disparity between American and Indian small and midcap stocks despite similar fundamental growth prospects, he says
 "High-quality stocks at their cheapest in 20 years, says Saurabh Mukherjea")
Stock Markets closed on Independence Day 2024; trading to resume on Aug 16
Other stock market holidays for the year include Gandhi Jayanti on Oct 2, Diwali on Nov 1, Guru Nanak Jayanti on Nov 15, and Christmas on Dec 25
 "Stock Markets closed on Independence Day 2024; trading to resume on Aug 16")
Equity MF schemes stockpile cash in response to sky-high valuations
July sees cash levels climb to 5.4%, up from June's 4.6%
 "Equity MF schemes stockpile cash in response to sky-high valuations")
Red-hot growth projections point to cooler outlook for Voltas stock
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments. It reported a profit in EMPS versus expectations of loss
 "Red-hot growth projections point to cooler outlook for Voltas stock")
Hindenburg row: SC plea seeks conclusive Sebi report in Adani case
Fresh public doubt necessitates Sebi to conclude its probe and declare findings: petitioner
 "Hindenburg row: SC plea seeks conclusive Sebi report in Adani case")
MCA website lists Agora status as 'active'; contradicts Buch's claim
Experts suggest Chair may have used term loosely
 "MCA website lists Agora status as 'active'; contradicts Buch's claim")
LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO
During April-June FY25, the insurance behemoth made an investment of about Rs 38,000 crore in shares as against Rs 23,300 crore in the same period a year ago
 "LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO")
Investors grow concerned with India's heatwaves as they hit earnings
The heatwave featured no fewer than 80 times in earnings calls for the quarter ended June
 "Investors grow concerned with India's heatwaves as they hit earnings")
Markets cede ground after 1-day gain; Sensex and Nifty decline 0.7%
Meanwhile, the RBI kept rates unchanged for a ninth straight meeting
 "Markets cede ground after 1-day gain; Sensex and Nifty decline 0.7%")
Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates
Stock Market Highlights on Aug 8 2024: The day ended in favor of the bears as 41 out of 50 constituent stocks of the Nifty50 ended lower
 "Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates")
NSE Q1 profit up 39% to Rs 2,567 crore; BSE 3.6x to Rs 265 crore
Doubling of trading turnover boosts revenues, profits for both bourses
 "NSE Q1 profit up 39% to Rs 2,567 crore; BSE 3.6x to Rs 265 crore")
Sebi looks to further tighten the noose around participatory notes
Complete ban on use of derivatives; will be made to furnish granular disclosures
 "Sebi looks to further tighten the noose around participatory notes")
