Page 13 - Indian Markets

Benchmarks fall for third day amid poll jitters; Vix hits fresh 2-year high

Indian equities have been jittery amidst the ongoing elections and selling by foreign portfolio investors

From Tata Steel to Hindustan Zinc, metal firms yet to deliver on hope

Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs

Another milestone: Nifty 50 crosses 23,000-mark for the first time

After hitting a high of 23,026, Nifty 50 index settled at 22,957, down 11 points, or 0.05 per cent, over its previous day's close

Nifty ends flat after hitting 23K mark, logs gain of 2% for a second week

Foreign portfolio investor (FPI) sold shares worth Rs 945 crore on Friday

JK Lakshmi Cement shares rally 7% on healthy Q4; up 15% in last one year

The surge in JK Lakshmi Cement share was fuelled by robust Q4FY24 results, which came in line with street estimates

India needs 'balancing act' to manage bond index capital flows, says S&P

The index inclusion is expected to attract $40 billion in inflows in 18 months, according to estimates from Goldman Sachs Group Inc. and others

High-speed traders piling into big short on volatility in Indian market

Volatility in Indian equities has been subdued over the past year, compared to US and Hong Kong stocks, but traders are bracing for potential swings around parliamentary election results

Warburg Pincus exits Apollo Tyres; pares entire stake for Rs 1,073 crore

Private equity major Warburg Pincus on Wednesday exited Apollo Tyres by selling its entire 3.54 per cent stake in the tyre manufacturing company for Rs 1,073 crore through open market transactions. US-based Warburg Pincus through its arm White Iris Investment Ltd offloaded the shares of Gurugram-based Apollo Tyres through 14 block deals on the BSE. As per the data on the BSE, White Iris Investment Ltd sold a total of 2,24,74,903 shares of Apollo Tyres. The shares were offloaded at an average price of Rs 477.35 per piece, taking the transaction value to Rs 1,072.84 crore. A clutch of domestic mutual funds (MFs), an insurance company and foreign investors were among the buyers of the shares. The entities are Edelweiss Mutual Fund (MF), Mirae Asset MF, ICICI Prudential MF, Sundaram MF, ICICI Prudential Life Insurance Company, Societe Generale, Ghisallo Master Fund LP, Goldman Sachs Investments (Mauritius) I, Morgan Stanley Asia Singapore, and Citigroup Global Markets Mauritius. As o

India's market capitalisation to GDP ratio at 15-year high of 140%

According to data from BSE, the 4,357 companies available for trade had a combined market capitalisation of around Rs 416 trillion on Tuesday against India's GDP at current price of Rs 296.6 trillion

Bluechips drive India past $5 trillion market capitalisation milestone

63% of mcap growth contributed by top 100 firms

Indian bonds underpricing global index move, says ICICI Prudential AMC

India will be included in JPMorgan Chase & Co.'s key emerging market bond index as of next month

Crude Oil, Natural Gas: Check key trading strategy, target price

Despite ongoing conflicts and lower demand growth expectations, oil prices remain steady

Expect formulations biz to outpace API biz: Biocon Group CEO Peter Bains

Peter Bains discusses their efforts to gain market share in key regions, the impact of lower active pharmaceutical ingredient prices, and growth plans for biosimilars and generics

BSE Metal index rises over 4%, posts biggest single-day jump in 17 months

Apart from the rise in metal prices, some stock-specific reasons, like the demerger of Vedanta group companies into separate entities, have also led to the rally in the metal pack

Sebi issues framework to shield stock price impact from market rumours

Framework aimed at providing price protection to acquirers

Sebi eases minimum promoter contribution norms to boost IPO process

Sebi has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in case of a shortfall without being identified as a promoter

Street signs: Option writers' mouse trap, Awfis space GMP at 20%, and more

Given the recent spike in volatility, brokers are advising their clients to avoid option writing or to seek an extra margin of safety

Markets will have a strong run after June 4, says PM Narendra Modi

PM Narendra Modi assertion follows assurances by 3 senior ministers

Market assumes easy re-election for incumbent govt, says Pratik Gupta

Gupta highlights that Indian markets are currently displaying signs of being relatively expensive, cautioning investors, particularly in the smallcap space

Paint companies Asian Paints and Berger Paints start slashing prices

Paint companies remain unperturbed with competition heating up