Page 1036 - Markets News
Meghna Infracon skyrockets 19% on unveiling residential project in Mumbai
Shares of Meghna Infracon Infrastructure surged up to 19 per cent, hitting its 52-week high at 268 per share on the BSE in Wednesday's intraday trade
 "Meghna Infracon skyrockets 19% on unveiling residential project in Mumbai")
This small-cap auto company has approved capacity expansion; stock gains 4%
The uptick in the stock price came after the company announced that it has evaluated and approved capacity expansion for CVJ Forging Child Part
 "This small-cap auto company has approved capacity expansion; stock gains 4%")
CLSA says Zomato is growing faster than Swiggy, sees 25% upside
In terms of revenue, Swiggy's Y-o-Y growth of 24 per cent also fell short of Zomato's adjusted revenue growth of 55.9 per cent Y-o-Y
 "CLSA says Zomato is growing faster than Swiggy, sees 25% upside")
Block deal: CE Info Systems drops 6% as promoter likely sells 1% stake
Shares of CE Info Systems dropped by 6 per cent at Rs 2,271 per share on the BSE in Wednesday's intraday trade.
 "Block deal: CE Info Systems drops 6% as promoter likely sells 1% stake")
Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%
After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.
 "Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%")
Sanghi Industries slips 6% after promoters offload 9.9 mn equity shares
Sanghi Industries stock slipped up to 5.8 per cent at Rs 96.50 on the NSE in Wednesday's early morning deals.
 "Sanghi Industries slips 6% after promoters offload 9.9 mn equity shares")
Govt bond yields seen steady with focus on global index inclusion
Inflows into bonds under the fully accessible route, which will be included in JPMorgan's widely-tracked emerging market debt index on June 28, have risen to more than $10 billion
 "Govt bond yields seen steady with focus on global index inclusion")
VPRPL rallies 8% on Rs 273 crore-order win from Uttar Pradesh Jal Nigam
The surge in the stock price came after the company announced that it has secured an order worth Rs 273.11 crore from Uttar Pradesh Jal Nigam
 "VPRPL rallies 8% on Rs 273 crore-order win from Uttar Pradesh Jal Nigam")
DEE Development makes robust debut, lists 67% higher over its issue price
The stock listed at Rs 339, a 67 per cent premium over its issue price of Rs 203 on the National Stock Exchange
 "DEE Development makes robust debut, lists 67% higher over its issue price")
Gulshan Polyols starts commercial ops of Ethanol at Assam unit; stock up 6%
The rise in the stock price came after the company announced that it has commenced the commercial operations of ethanol at a 250 KLPD capacity grain-based ethanol plant at Goalpara, Assam
 "Gulshan Polyols starts commercial ops of Ethanol at Assam unit; stock up 6%")
Vedanta's shares dip 7% after large block deal; promoter likely seller
Till 09:39 am; a combined 226.79 million equity shares representing 6 per cent total equity of the company have changed hands on the NSE and BSE.
 "Vedanta's shares dip 7% after large block deal; promoter likely seller")
Time Technoplast zooms 5% on bagging additional order of Rs 55 cr from IOCL
The uptick in share price came after Time Technoplast announced that it has secured an additional order for supply of Type-IV LPG composite cylinders from Indian Oil Corporation Limited (IOCL)
 "Time Technoplast zooms 5% on bagging additional order of Rs 55 cr from IOCL")
India's bond index entry to suck $11 bn from S Africa, Poland and Thailand
It will also pull $2.9 billion and $2.5 billion from the Czech Republic and Chile respectively, it added
 "India's bond index entry to suck $11 bn from S Africa, Poland and Thailand")
Here's why Nuvama remains upbeat on Prince Pipes; Check target price here
Analysts attributed this outlook to India's burgeoning real estate sector recovery and robust infrastructure developments, which are driving demand for plastic pipe manufacturers like Prince Pipes
 "Here's why Nuvama remains upbeat on Prince Pipes; Check target price here")
Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data
Spot gold slid on Tuesday following a rebound on Monday as the US Federal Reserve officials continue to maintain a hawkish outlook on rates
 "Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data")
Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k
Silver outlook and trading strategy today, June 26, 2024: Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.45 per cent for the day on Tuesday
 "Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k")
How to trade telecom stocks amid spectrum auction? Check key levels
Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.
 "How to trade telecom stocks amid spectrum auction? Check key levels")
Market outlook: Will Nifty hit 24000 before June expiry? Experts' take here
Trade set-up for Wednesday, June 26: Analysts believe that trading activity at 23,700 Nifty Strike shall set the market trend; support seen at 23,670 and 23,600. FIIs continue to add long positions
 "Market outlook: Will Nifty hit 24000 before June expiry? Experts' take here")
Stocks in focus today: M&M Fin, Akme Fintrade, Adani Ports, IDBI Bank
Stocks to watch on June 26: Vivek Karve has resigned as CFO of M&M Financial Services and Financial Services to pursue other interests
 "Stocks in focus today: M&M Fin, Akme Fintrade, Adani Ports, IDBI Bank")
Stocks to watch on June 26: CE Info Systems, Yes Bank, Coforge, Sanghi Ind
Stocks to watch on June 26: According to reports, Rakesh Kumar Verma, promoter of CE Info Systems, plans to sell 0.9 per cent of the company's equity through a block deal valued at Rs 114.6 crore