Page 1041 - Markets News
Stocks to Watch, June 21: Nestle India, Medplus, Bajaj Consumer Care
In Europe, markets closed higher in the previous session after the Bank of England maintained its interest rates at a 16-year high of 5.25 per cent, as widely anticipated
 "Stocks to Watch, June 21: Nestle India, Medplus, Bajaj Consumer Care")
Nifty Auto bearish in near-term, Energy rangebound; check trading strategy
The Nifty Auto Index is currently trading at 25,267.85. The near-term trend for this index appears to be downward on the charts, with strong support expected around the 24,500 level
 "Nifty Auto bearish in near-term, Energy rangebound; check trading strategy")
Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21
As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close
 "Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21")
Sensex, Nifty: All you need to know before market opens for trade on Jun 21
Trade set-up for Friday, June 21: The Sensex and Nifty may seek to extend the winning run to third straight week amid mixed global cues, and renewed buying by FIIs.
 "Sensex, Nifty: All you need to know before market opens for trade on Jun 21")
Nandish Shah of HDFC Securities recommends Bull Spread on Bank Nifty
Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 7 per cent(Prov) with Nifty rising by 0.75 per cent
 "Nandish Shah of HDFC Securities recommends Bull Spread on Bank Nifty")
General Atlantic, Asia Opportunities sell 4.9% stake in PNB Housing Fin
More than 1.27 crore shares or a 4.9 per cent stake in PNB Housing Fin were disposed of by both entities
 "General Atlantic, Asia Opportunities sell 4.9% stake in PNB Housing Fin")
Allied Blenders IPO to open June 25; Sensex, FTSE rejig on Friday
NSE Indices has launched the thematic index Nifty India Tourism Index
 "Allied Blenders IPO to open June 25; Sensex, FTSE rejig on Friday")
Valuation of Coromandel International stock captures positive outlook
The overall revenue for March quarter came in at Rs 3,910 crore and was down 29 per cent Y-o-Y, due to lower subsidy and reduced volumes in the fertilizer segment
 "Valuation of Coromandel International stock captures positive outlook")
Going downhill: Rupee hits new low on importer demand, corporate outflows
Some market participants said that the RBI intervened in the foreign exchange market by dollar sales during the last hour of trade, which reversed some losses
 "Going downhill: Rupee hits new low on importer demand, corporate outflows")
ixigo IPO to put spotlight on Easy Trip, Yatra; Are they worth your money?
ixigo share price: Analysts caution against chasing the momentum in the online travel agencies, given the cyclical nature of the travel industry
 "ixigo IPO to put spotlight on Easy Trip, Yatra; Are they worth your money?")
Market regulator Sebi introduces framework for holdco price discovery
First special call auction to be conducted in October
 "Market regulator Sebi introduces framework for holdco price discovery")
Stock Market Highlights, June 20: Mid, SmallCap indices outshine benchmarks; metal, pvt banks gain
Stock market Highlights on Thursday, June 20, 2024: Among sectors, the Nifty Metal index edged 1,8 per cent higher, the Nifty Realty 2 per cent, and the Nifty Private Bank 1.16 per cent
 "Stock Market Highlights, June 20: Mid, SmallCap indices outshine benchmarks; metal, pvt banks gain")
Jupiter Wagons 6% off lows on Lithium-Ion Phosphate battery breakthrough
The rise came after Jupiter Electric Mobility in pact with Log9 Materials, announced that it has achieved a major milestone in development & certification of their LFP battery technology
 "Jupiter Wagons 6% off lows on Lithium-Ion Phosphate battery breakthrough")
Fertiliser shares extends rally; RCF, NFL, FACT, Deepak zoom up to 20%
Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the government of India's continued policy-level support to the industry.
 "Fertiliser shares extends rally; RCF, NFL, FACT, Deepak zoom up to 20%")
Goa Carbon shares zoom 11% on launching product for carbon additive markets
Shares of Goa Carbon rallied 11.2 per cent at Rs 873 per share on the NSE in Thursday intraday deals
 "Goa Carbon shares zoom 11% on launching product for carbon additive markets")
Tata Comm secures $250 mn loan from ANZ, EDC, DBS Bank; stock jumps 3%
On Thursday, shares of Tata Communications surged by 2.62 per cent at Rs 1,879.90 a piece on the BSE in intraday trade
 "Tata Comm secures $250 mn loan from ANZ, EDC, DBS Bank; stock jumps 3%")
Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs
The rise in stock came after the board approved fundraising worth Rs 1,000 crore via non-convertible debentures (NCDs) on a private pavement basis
 "Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs")
MapmyIndia freezes at 20%, hits record high on heavy volumes
A combined 3.64 million shares, representing 6.72% of total equity of MapmyIndia, have changed hands on the NSE and BSE till 11:54 am
 "MapmyIndia freezes at 20%, hits record high on heavy volumes")
DEE Development IPO subscription status, Day 2: Issue subscribed 4.4x
Non Institutional Investors oversubscribed the issue 9.38 times, while the Retail Individual Investors(RIIs) subscribed the issue 4.79 times
 "DEE Development IPO subscription status, Day 2: Issue subscribed 4.4x")
5 private bank stocks for your portfolio; Check trading strategy here
ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels
 "5 private bank stocks for your portfolio; Check trading strategy here")