Page 27 - Stock Market Today
Tata Power stock likely to remain subdued in near-term; here's why
The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution
 "Tata Power stock likely to remain subdued in near-term; here's why")
Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points
Profit-taking on valuation concerns triggers collapse
 "Red-hot smallcaps, PSUs run into rough weather; Sensex falls 523 points")
Park Hotels gains 30%; Radhakrishnan appointed CEO of Sundaram AMC
Radhakrishnan, who was formerly the Chief Investment Officer (Equity) at Franklin Templeton India, will also take over as the Managing Director (MD) in July 2024
 "Park Hotels gains 30%; Radhakrishnan appointed CEO of Sundaram AMC")
MSCI rebalancing exercise likely to drive $1 billion in domestic stocks
Despite the positive trigger, shares of NHPC, NMDC, PNB and Bhel fell sharply on Monday amid a broad-based selling in shares of PSUs
 "MSCI rebalancing exercise likely to drive $1 billion in domestic stocks")
Strong prospects may drive growth rates for food delivery platform Zomato
In the quick commerce segment, Blinkit GOV was Rs 3,500 crore (up 28 per cent Q-o-Q and up 103 per cent Y-o-Y), led both by stronger MTU and better ordering frequency
 "Strong prospects may drive growth rates for food delivery platform Zomato")
Strong revenue growth, margin expansion ahead for retail major Trent
The stock markets' enthusiastic response to the results has driven the share up by 25 per cent in just two sessions
 "Strong revenue growth, margin expansion ahead for retail major Trent")
Expected gains in Q3FY24 for Airtel hinge on fare hike, steady growth
Mobile subscribers saw net additions of 3.3 million to 345.6 million. The average revenue per user (ARPU) rose to Rs 208, up nearly 3 per cent quarter-on-quarter
 "Expected gains in Q3FY24 for Airtel hinge on fare hike, steady growth")
IRFC, NBCC, SJVN, BHEL: PSU stocks are on fire; analysts see more headroom
The S&P BSE PSU index has gained over 90 per cent in the last one year, rising much higher than the S&P BSE Sensex that has surged nearly 19 per cent during this period, show ACE Equity data
 "IRFC, NBCC, SJVN, BHEL: PSU stocks are on fire; analysts see more headroom")
Stock brokers' body ANMI on board with proposal of market timing extension
Consensus from all associations of standards forum needed before submissions to Sebi
 "Stock brokers' body ANMI on board with proposal of market timing extension")
LIC Housing Finance targets upgrade after stable performance in Q3
The credit cost was stable sequentially at 0.6 per cent while write-offs moderated to Rs 57.7 crore
 "LIC Housing Finance targets upgrade after stable performance in Q3")
ChrysCapital Management to raise $300 million to retain NSE stake
ChrysCapital bought a 5 per cent stake in NSE, one of the largest stock exchanges in the world, in 2016. The firm wants to keep its investment until the bourse goes public
 "ChrysCapital Management to raise $300 million to retain NSE stake")
Markets pricing in 400 seats for NDA in 2024 Lok Sabha elections: Analysts
The markets are already pricing in a victory for Modi-led National Democratic Alliance (NDA) in the upcoming general elections, and expect the alliance to achieve its 400-seat target, suggest analysts
 "Markets pricing in 400 seats for NDA in 2024 Lok Sabha elections: Analysts")
RBI interest rate decision, global trends to dictate stock mkts: Analysts
The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities
 "RBI interest rate decision, global trends to dictate stock mkts: Analysts")
RBI curbs on Patym to have major impact but valuation remains attractive
The fintech firm said it will compensate by expanding existing relationships with third-party banks to distribute payments, financial services and products
 "RBI curbs on Patym to have major impact but valuation remains attractive")
Post-Budget optimism takes Nifty to new high; Sensex ends 440 points higher
Softening of US, domestic bond yields spurs appetite for risky assets
 "Post-Budget optimism takes Nifty to new high; Sensex ends 440 points higher")
Absence of surprises in Budget: Mkts flat as investors look for triggers
The Sensex ended the session at 71,645, a decline of 107 points or 0.2 per cent, while the Nifty50 index fell 17 points, or 0.08 per cent, to end 21,709
 "Absence of surprises in Budget: Mkts flat as investors look for triggers")
Sebi reviewing small, mid-cap funds' capacity to bear sharp falls: Report
While Sebi has completed one round of stress test reviews, it wants funds to test for more adverse scenarios, report says
 "Sebi reviewing small, mid-cap funds' capacity to bear sharp falls: Report")
SME listings to undergo changes, AIBI to review eligibility, framework
Industry body forms committee to review networth threshold
 "SME listings to undergo changes, AIBI to review eligibility, framework")
PNB: Upsides capped as strong Q3 show, outlook reflected in valuations
Net interest income grew 12% YoY to Rs 10,300 crore as net interest margins improved 4 basis points QoQ to 3.15%
 "PNB: Upsides capped as strong Q3 show, outlook reflected in valuations")
Strong launch pipeline factored into realty major DLF's valuations
The rental income in DCCDL's commercial portfolio increased by 8 per cent YoY to Rs 1,100 crore with a 21 per cent rise in retail income
 "Strong launch pipeline factored into realty major DLF's valuations")
