Page 1042 - Markets News
Vodafone Idea stock falls 2.5% on weak April telecom data, profit booking
On June 19, Vodafone sold 18 per cent stake in Indus Towers for Rs 15,300 crore to repay debts. Post stake sale, Vi's holding in Indus Towers stood at 3.1 per cent
 "Vodafone Idea stock falls 2.5% on weak April telecom data, profit booking")
Tanfac Industries shares rally 13% on pact with Japanese chemical firm
On Thursday, shares of Tanfac Industries, an Indian speciality fluoride chemical manufacturer soared by 13.1 per cent at Rs 2,399 a piece intraday on the BSE
 "Tanfac Industries shares rally 13% on pact with Japanese chemical firm")
Specialty chemicals shares rally up to 9%; BASF, Bhansali hit 52-wk highs
While margins have dipped from around 22 per cent to 17 per cent during FY2021-24, they are expected to improve from FY26 onwards
 "Specialty chemicals shares rally up to 9%; BASF, Bhansali hit 52-wk highs")
USFDA issues warning letter to Sun Pharma's Dadra unit; stock slips 2%
The fall came after the company announced that it has received a warning letter from USFDA for current Good Manufacturing Practice (cGMP) violations at its Dadra facility
 "USFDA issues warning letter to Sun Pharma's Dadra unit; stock slips 2%")
Block deal: PNB Housing Fin falls 5% as 13.6 mn shares change hands on NSE
According to reports, over 1.36 crore shares, equivalent to 5.24 per cent equity worth Rs 1,095.14 crores changed hands via a NSE Block trade on Thursday. The shares were sold at Rs 803.35 per scrip
 "Block deal: PNB Housing Fin falls 5% as 13.6 mn shares change hands on NSE")
Wanbury surges 5% after USFDA issues Zero observations for Patalganga site
At 9:55 AM, the shares were off highs, trading 2.25 per cent higher at Rs 163.95 per share. In comparison, BSE Sensex was trading 0.16 per cent lower at 77,211.40 levels.
 "Wanbury surges 5% after USFDA issues Zero observations for Patalganga site")
Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles
With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing
 "Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles")
This GMR group stock has surged 51% in 10 days; zoomed 121% since April
GMR Power shares were locked in the 5-per cent upper circuit for a fourth straight day, up 5% at Rs 94.40. This was also the stock's new record high
 "This GMR group stock has surged 51% in 10 days; zoomed 121% since April")
EnNutrica IPO begins bidding today: Check GMP, price band, lot size
EnNutrica secured Rs 9.90 crore from anchor investors on June 19. The anchor investor list includes Next Orbit Ventures Fund, Nova Global Opportunities Fund, Nav Capital
 "EnNutrica IPO begins bidding today: Check GMP, price band, lot size")
Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%
The uptick in share price came after the company rolled out drone delivery service in pact with Skye Air, a drone delivery service provider
 "Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%")
Go long on 30-year bonds to play India story, says veteran fund manager
The government's push for fiscal discipline, compression in the current account deficit and the central bank's focus on inflation have strengthened the case for yields to drop
 "Go long on 30-year bonds to play India story, says veteran fund manager")
Govt bond yields to remain rangebound as traders watch US yields, RBI cues
India's benchmark 10-year yield is likely to move in a 6.95 per cent-6.99 per cent range
 "Govt bond yields to remain rangebound as traders watch US yields, RBI cues")
WTI crude oil to stay rangebound within $78-$83; check strategy for June 20
Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term
 "WTI crude oil to stay rangebound within $78-$83; check strategy for June 20")
Sebi orders Religare Enterprises to apply for open offer before July 12
The Burman group acquired an additional 5.7% stake in REL in September last year triggering the open offer requirement as their stake surpassed the 26% threshold
 "Sebi orders Religare Enterprises to apply for open offer before July 12")
Stocks to Watch, June 20: Tata Motors, Sun Pharma, PNB Housing, Brigade Ent
Japan's Nikkei declined 0.70 per cent, contrasting with Korea's Kospi which saw a gain of 0.13 per cent. Australia's ASX200 witnessed a marginal decrease of 0.03 per cent
 "Stocks to Watch, June 20: Tata Motors, Sun Pharma, PNB Housing, Brigade Ent")
Trade set-up for Jun 20: Nifty may open flat; FIIs turn bulls, BoE in focus
All you need to know before the stock market opens on Thursday June 20: FIIs net bought stocks up to Rs 8,000 crore yesterday; and also turned net long in index futures for the first time since May 28
 "Trade set-up for Jun 20: Nifty may open flat; FIIs turn bulls, BoE in focus")
RIL, Blue Dart, India Oil, Vi among six stocks to track on June 20
At 6:35 AM, GIFT Nifty futures indicated a slight uptick, trading 21 points higher at 23,525 compared to their previous close
 "RIL, Blue Dart, India Oil, Vi among six stocks to track on June 20")
Stocks to buy on June 20: IDFC Bank, RBL, IGL; check target prices
Banking stocks are witnessing decent traction and IDFC First Bank has witnessed a fresh breakout. It had been trading in a corrective phase for over 8 months
 "Stocks to buy on June 20: IDFC Bank, RBL, IGL; check target prices")
Buy & Sell: Top three picks by Anand Rathi for June 20; check levels here
After a period of consolidation within the approximate range of Rs 1,740-1680, Radico Khaitanhas successfully broken out and is sustaining above this range, indicating a strong upward movement
 "Buy & Sell: Top three picks by Anand Rathi for June 20; check levels here")
Regulatory concerns key hurdle as pvt general insurance players gain share
The implementation of Ind-AS 117 and its assumptions on liability and other insurance-related changes in regulations could be a future cause of concern
 "Regulatory concerns key hurdle as pvt general insurance players gain share")