Page 97 - Latest Updates on Stock Market
The milestone march: Sensex races past 70,000 but rally slows down
Benchmark indices shed early gains as investors await Fed decision
 "The milestone march: Sensex races past 70,000 but rally slows down")
Jindal Stainless, PNB among four stocks to enter MSCI global index in Feb
A slide in shares of Indraprastha Gas and Petronet LNG could increase the risk of their expulsion from the MSCI index
 "Jindal Stainless, PNB among four stocks to enter MSCI global index in Feb")
60K to 70K: ICICI, ITC, L&T provide biggest lift in Sensex latest 10K lap
Nine index components have dragged the index lower by over 1,600 points since September 2021 and nearly half the components have underperformed
 "60K to 70K: ICICI, ITC, L&T provide biggest lift in Sensex latest 10K lap")
A dose of concern for DRL: Sinks 5% on USFDA 'imminent' warning
Sell-off in response to a brokerage report, raising concerns about a warning on DRL's FTO 3
 "A dose of concern for DRL: Sinks 5% on USFDA 'imminent' warning")
Inox India, DOMS Industries among 5 companies to crowd IPO lane this week
Overall, the Indian IPO market witnessed more than 44 issues that collected around Rs 35,000 crore in the current fiscal FY24 (till November)
 "Inox India, DOMS Industries among 5 companies to crowd IPO lane this week")
Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine
Closing Bell on December 11, 2023: The BSE Sensex registered a new summit at 70,058, but eventually settled at 69,929 on Monday. Nifty gained 28 points at 20,997.
 "Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine")
Ready to introduce same-day settlement of trades by March 2024: Sebi chief
The regulator, which has already reduced the settlement timelines to as short as one day after the transaction, is now looking to shorten the same further
 "Ready to introduce same-day settlement of trades by March 2024: Sebi chief")
Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched
Closing Bell on December 8, 2023: The BSE Sensex touched a high of 69,894, whil the Nifty hit a peak at 21,006. Infosys, HDFC Bank and ICICI Bank were the major movers on Friday.
 "Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched")
Sebi to introduce ASBA-like facility for secondary mkt trading from Jan-Feb
This Application Supported by Blocked Amount (ASBA)-like facility already available for the primary market, ensures that the investor's fund gets moved only when the allotment is completed
 "Sebi to introduce ASBA-like facility for secondary mkt trading from Jan-Feb")
Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto
Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years
 "Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto")
State-owned cos seen extending rally on PM Modi's expected re-election
Modi's government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India's $4 trillion stock market
 "State-owned cos seen extending rally on PM Modi's expected re-election")
Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%
Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.
 "Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%")
Nifty Metal in overbought zone, Nifty Pharma could see minor correction
Anticipated resistance on charts is around 7,675 for Nifty Metal; the consolidation range for pharma index is between 16,470 and 16,030
 "Nifty Metal in overbought zone, Nifty Pharma could see minor correction")
Stocks to Watch: Adani Wilmar, Delta Corp, Paytm, Bharti Airtel, IRCON, BEL
Stocks to Watch on December 7, 2023: As per reports, Warburg Pincus is offloading shares in Bharti Airtel and IDFC First Bank
Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950
Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today
BSE SME stocks see total m-cap crossing Rs 1 trn on investor exuberance
The BSE SME IPO index has surged over 2,400 per cent since the end of 2019
 "BSE SME stocks see total m-cap crossing Rs 1 trn on investor exuberance")
India's stock market value tops $4 trillion, narrowing gap with Hong Kong
The market capitalisation of companies listed on India's exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as one of the best performers
 "India's stock market value tops $4 trillion, narrowing gap with Hong Kong")
Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods
Stocks to Watch on Wednesday, December 6, 2023: Axis Bank has initiated Corporate Insolvency Resolution Process against Digital Ventures Private Limited, wholly-owned subsidiary of Zee Lear
 "Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods")
Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely
The optimal trading strategy for risk-tolerant traders involves selling Nifty IT either at the current levels or on upward movements, suggests Ravi Nathani
 "Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely")
Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock
"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"
 "Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock")