ASIAN PAINTS NEWS
5 stock market myths in a raging bull market: Kotak Equities
Despite the ongoing bullish trend on D-Street with frequent new highs, Kotak Institutional Equities has cautioned investors by debunking five prevalent market myths in a recent note. Among these myths are beliefs that Indian markets are currently trading at reasonable valuations and that robust GDP growth guarantees high returns.
Quant Mutual Fund added 27 stocks to its portfolio in May. Do you own any?
Quant Mutual Fund is under Sebi inquiry for suspected front-running, leading to search and seizure operations in Mumbai and Hyderabad.
Sensex declines 200 pts, Nifty below 23,400 on losses in banking & IT stocks
Sensex and Nifty50 traded lower on Friday, dragged down by banking and IT stocks after hitting record highs. BSE Sensex was down 198 points at 76,611, while Nifty50 traded at 23,354.
Nifty hits fresh record high, Sensex soars 500 pts on gains in IT stocks; Fed outcome in focus
Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likely to impact near-term interest rate trends.
Sensex, Nifty end flat after volatile session ahead of US Fed rate decision, CPI data
The Indian benchmark equity indices, Sensex and Nifty50, concluded Tuesday's trading session with marginal movement, as investors awaited the Federal Reserve's policy decision and consumer price inflation data scheduled for Wednesday.
F&O stocks: HUL, Hindalco among 5 stocks with short buildup
During Thursday's trading, five stocks experienced an increase in newly established short positions. Before delving into this, it's important to comprehend the process of determining whether a stock has indeed encountered a surge in fresh short positions.
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Sensex surges 2,400 pts, Nifty tops 22,600 after posting worst day in four years as poll verdict anxiety eases
Nifty50 and Sensex rebounded after worst day in 4 years following narrow win for PM Modi's alliance, raising policy continuity concerns.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs on strong global market cues
Indian blue-chip indices, BSE Sensex and Nifty50, hit new record highs on Monday driven by Tata Steel, Bharti Airtel, JSW Steel, NTPC, HDFC Bank, and Kotak Bank; Wipro, Maruti, M&M, Asian Paints, and Power Grid opened lower. Adani Ports surged 3% after joining Sensex.
D-Street off to a muted start as Fed minutes dim rate cute hopes
Nifty and Sensex opened flat on Thursday after disappointment in recent inflation data from the Federal Reserve, dampening hopes of an early rate cut. BSE Sensex traded 24 points higher at 74,245, while Nifty50 was at 22,604. Federal Reserve officials expressed concern about inflation persisting above the 2% target.
Narayanan Vaghul cremated in Chennai, industry doyens pay last respects to veteran banker
Veteran banker and Padma Bhushan recipient Narayanan Vaghul, who passed away on May 18 at the age of 88, was cremated in Chennai on Sunday. Industry leaders including Ajay Piramal and R Seshasayee paid their respects. Vaghul, former head of ICICI, was remembered for his significant contributions to the banking sector, particularly in mentoring many successful women bankers. Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das also offered condolences.
Banking and IT stocks drag Sensex over 100 points lower; Nifty below 22,400
The BSE Sensex edged 93 points or 0.13% lower to 73,565. Meanwhile, the Nifty50 traded at 22,381, down 22 points or 0.1% around 9:21 am.
Stocks in news: M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech
HDFC Life announced its highest-ever bonus of Rs 3,722 crore on participating plans. This bonus will benefit over 22.23 lakh policyholders.
Asian Paints issues clarification after Amit Syngle’s GDP correlation remark, says comments are being 'misinterpreted'
Asian Paints clarified a statement made by its Managing Director and CEO, Amit Syngle, regarding the correlation between India's GDP and the paint industry's growth. The company stated that Syngle's remarks were misinterpreted and were specifically addressing the correlation between paint industry growth and GDP. Historically, the paint industry grew at a multiple of 1.5 to 1.75 times the GDP growth, but recently, this correlation has been distorted.
Banking stocks drive Sensex 111 pts higher from deep red; Nifty above 22,100
Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.
F&O stocks: Asian Paints, Cipla among 5 stocks with long buildup
Some additional checks would help traders in taking better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price. First, if this fresh long build has come when the stock isvery close to its 52-week high, that increases the probability of the stock making an attempt to break its previous 52-week high.
Sensex ends 260 points higher led by gains in ITC, RIL; Nifty tops 22,050
The 30-share BSE benchmark Sensex surged by 260 points or 0.36%, settling at 72,664. Meanwhile, the broader NSE Nifty witnessed a gain of 98 points or 0.44%, closing at 22,055.
Asian Paints, Indraprastha Gas among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Asian Paints Q4 Results: Weak demand drags company’s sales, profit below view
Weak demand ahead of the general elections, along with price cuts taken by the company amid intense competition weighed on the March quarter earnings of Asian Paints, dragging its sales and profit below estimate.
Asian Paints sees rural trends improving; headwinds in Nepal & Egypt to impact near-term performance
Asian Paints anticipates a surge in rural market demand in the first quarter of the current financial year. While expecting B2B growth in the second quarter post-elections, it eyes robust expansion in government and infrastructure sectors. However, geopolitical concerns and macroeconomic challenges in Nepal and Egypt may affect near-term performance.
Asian Paints Q4 Results: Net profit rises 2% YoY to Rs 1,257 crore, misses estimates
Asian Paints Q4 Results: The Q4 profit marked a mere 2% increase year-on-year (YoY) from Rs 1234 crore reported in the same quarter last year. Revenue from operations fell marginally to Rs 8,731 crore
Stocks in news: SBI, Asian Paints, BPCL, L&T, Bajaj Consumer, WPIL
TVS Motor recorded its highest ever revenue and profit in FY2023-24 and the company achieved a milestone of over 40 lakh units in sales.
Promoter pledged holdings decline in March quarter: Lemon Tree Hotels, Tata Communications, among others with highest drop
Bharat Forge, Lemon Tree Hotels, and Tata Communications completely released their pledged holdings from 7.1%, 3.3%, and 3.1%, respectively in the December quarter.
Sensex, Nifty end volatile trade on a flat note; RIL gains offset by HDFC Bank losses
The 30-share BSE benchmark Sensex dipped by 45 points or 0.06% to settle at 73,466, while the NSE Nifty50 closed just above the 22,300 level.
Sensex falls 250 pts tracking negative cues from Asian markets; Nifty below 22,250
Indian indices fell today tracking Asian market decline and due to election uncertainties. Sensex losers incl. L&T, HUL; JSW Energy rises. Voltas shares fall.
Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list:
F&O stocks to buy today: Top 3 recommendations for 3 May 2024
F&O stocks to buy today: India VIX was positive to close at 13.4450. Indian markets are ready to move towards the fresh all-time high levels on the Nifty.
Sensex declines 650 points on fading US rate cut hopes; Nifty below 22,600
Indian indices dropped on U.S. inflation concerns. TCS to report Q4 results today. Sun Pharma, Asian Paints, Kotak Bank, NTPC, Maruti top laggards.
Sensex, Nifty end lower after hitting record highs, snap 3-session record run
Indian indices fell from lifetime highs to end lower. Auto and FMCG stocks pressured the market. Out of the 15 Nifty sectoral indices, seven closed with cuts.
Hot Stocks: Brokerage view on Zomato, AB Capital, Asian Paints and Westlife Food
Brokerage firm JPMorgan maintained an overweight rating on Westlife Foodworld, Macquarie recommended an outperform rating on Asian Paints, HSBC maintained a buy rating on Zomato and Morgan Stanley recommended equal weight stance on AB Capital.
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