Page 82 - Latest Updates on Stock Market
Nifty Financial, Nifty PSU Bank on an uptrend: How should you trade?
To confirm a positive breakout, investors should wait for the Nifty Financial Services index to break above 20,960 on a closing basis, says Ravi Nathani
 "Nifty Financial, Nifty PSU Bank on an uptrend: How should you trade?")
Investors subscribe R K Swamy's Rs 423 cr IPO 6 times on day 2 of bidding
The Rs 423.56 crore-IPO got bids for 4,94,64,550 shares against 82,32,946 shares on offer, according to NSE data
 "Investors subscribe R K Swamy's Rs 423 cr IPO 6 times on day 2 of bidding")
RBI bars JM Financial Products from financing against shares, debentures
"This action is necessitated due to certain serious deficiencies observed in respect of loans sanctioned by company for IPO financing as well as NCD subscriptions," RBI said
 "RBI bars JM Financial Products from financing against shares, debentures")
Big Basket aims to turn profitable in 8 months, eyes for IPO in 2025
When asked about plans for an IPO, he said, "We will probably have it in 2025. But we are leaving it to the Tatas, there cannot be anybody better to guide us and advise us on that."
 "Big Basket aims to turn profitable in 8 months, eyes for IPO in 2025")
Bajaj twins, IT shares drag Sensex 195 pts, Nifty near 22,350; TaMo up 3.6%
Stock market highlights on March 5, 2024: Tata Motors advanced 3.58 per cent, Bharti Airtel added 3 per cent, and SBI 1.6 per cent
 "Bajaj twins, IT shares drag Sensex 195 pts, Nifty near 22,350; TaMo up 3.6%")
JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects
The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022
 "JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects")
Platinum Industries lists at 33% premium over issue price in strong debut
Post listing, Platinum Industries hit a high of Rs 237 and a low of Rs 219 in intra-day trade. At 10:14 am; it was trading at Rs 221.20, about 29 per cent higher over its issue price.
 "Platinum Industries lists at 33% premium over issue price in strong debut")
Exicom Tele-Systems makes robust debut; lists 86% higher over issue price
Exicom's IPO was subscribed 133.56 times, with non-institutional investors (NII) leading from the front as they bid 159.29 times their allotted quota
 "Exicom Tele-Systems makes robust debut; lists 86% higher over issue price")
Tata Motors tops Rs 1,000; surges 5% on demerger plan of CV, PV businesses
While the demerger seems to be a step in the right direction, Motilal Oswal Financial Services said they do not foresee any need to revisit its target price
 "Tata Motors tops Rs 1,000; surges 5% on demerger plan of CV, PV businesses")
JG Chemicals collects Rs 75 crore from anchor investors ahead of IPO
Zinc oxide manufacturer JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors, a day before its initial public offering (IPO).
 "JG Chemicals collects Rs 75 crore from anchor investors ahead of IPO")
Benchmarks end flat, Smallcaps decline; energy, metal, IT stocks slip
Stock market live updates on March 4, 2024: JSW Steel, Tata Steel led losses among largecaps after CLSA downgraded the two stocks to 'sell', reducing their target prices
 "Benchmarks end flat, Smallcaps decline; energy, metal, IT stocks slip")
CLSA downgrades prompt selling in Tata Steel, JSW Steel after 3-day rally
Tata Steel had made a new record high of Rs 156 in Saturday's special session on March 2. In the last three days, prior to today's losses, the stock had rallied 8 per cent
 "CLSA downgrades prompt selling in Tata Steel, JSW Steel after 3-day rally")
MOIL soars 12% on reporting 15% YoY jump in manganese ore output for Feb
For April-February, the production of Mn ore has been 15.84 lakh tonnes, which also marks the highest ever output in a financial year, it said
 "MOIL soars 12% on reporting 15% YoY jump in manganese ore output for Feb")
Nikkei hits 40,000 mark; what's behind the bull-run in Japanese markets?
The Nikkie benchmark index has been experiencing an unprecedented rally, as it achieved an all-time high for the first time in 34 years last month
 "Nikkei hits 40,000 mark; what's behind the bull-run in Japanese markets?")
This state-run power generation large-cap has zoomed 102% so far in FY24
NTPC rallied 4 per cent to hit a fresh high of Rs 354 ahead of the foundation stone ceremony for its various projects worth Rs 30,023 crore by PM Modi today
 "This state-run power generation large-cap has zoomed 102% so far in FY24")
Stocks to watch: Jio Fin, Vedanta, Info Edge, Asian Paints, Swan Energy
Stocks to watch on March 04, 2024: Jio Financial Services is the sole addition to the S&P BSE Large Cap, as revealed by the Bombay Stock Exchange
 "Stocks to watch: Jio Fin, Vedanta, Info Edge, Asian Paints, Swan Energy")
Mkts to focus on trends of foreign investors in holiday-shortened week
Equity markets would remain closed on Friday for Mahashivratri
 "Mkts to focus on trends of foreign investors in holiday-shortened week")
New Records Nifty tests 22,400; Sensex gains 61 pts in spl trading session
Stock market Update on Saturday, March 02: The S&P BSE Sensex hit a fresh all-time high at 73,995, and the Nifty a peak at 22,420 in Saturday's special trading session.
 "New Records Nifty tests 22,400; Sensex gains 61 pts in spl trading session")
Stocks to Watch: Axis Bank, Info Edge, Matrimony, Hero Moto, Coal India,NLC
Stocks to Watch on March 2, 2024: Axis Bank will raise up to Rs 4,000 crore via NCDs. The base issue is worth Rs 1,000 crore and the green shoe option will be Rs 3,000 crore
 "Stocks to Watch: Axis Bank, Info Edge, Matrimony, Hero Moto, Coal India,NLC")
Bharat Highways InvIT IPO subscribed 8 times on last day of offer
The portion for institutional investors got subscribed 8.92 times and the other investors' portion received 6.93 times subscription
 "Bharat Highways InvIT IPO subscribed 8 times on last day of offer")