Page 1065 - Markets News
Cross-margin benefits for index, futures extended; JNK IPO subscribed 49%
The initial public offering (IPO) of heating equipment maker JNK India received 49 per cent subscription on the first day of bidding
 "Cross-margin benefits for index, futures extended; JNK IPO subscribed 49%")
Brokerages raise targets on RIL stock post Q4; check latest prices here
The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical
 "Brokerages raise targets on RIL stock post Q4; check latest prices here")
Sebi extends cross-margin benefits for futures with different expiry dates
At present, the cross margin benefits are provided if both the correlated indices or an index and its constituents, as the case may be, have the same expiry day
 "Sebi extends cross-margin benefits for futures with different expiry dates")
Stock Market Highlights, April 23: Benchmarks end flat after range-bound session; Realty index jumps
Stock Market Highlights on April 23: The Nifty Realty index zoomed 2.6 per cent, followed by the Nifty FMCG index (up 0.76 per cent)
 "Stock Market Highlights, April 23: Benchmarks end flat after range-bound session; Realty index jumps")
Why did the volatility index India VIX fall 19.7% on April 23? Check here
Typically, a high India VIX indicates that the market is expecting increased volatility, whereas a low India VIX suggests anticipation of low volatility
 "Why did the volatility index India VIX fall 19.7% on April 23? Check here")
HUL Q4 results preview: Here's what brokerage expect from the FMCG giant
According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted
 "HUL Q4 results preview: Here's what brokerage expect from the FMCG giant")
This Vijay Kedia-owned stock surges 19% on heavy volumes, nears record high
Sudarshan Chemical Industries share price update: The stock of dyes and pigments company was trading at its highest level since August 2021.
 "This Vijay Kedia-owned stock surges 19% on heavy volumes, nears record high")
BSE Smallcap index nears record high; 17 stocks freeze at upper circuit
BSE SmallCap index today: The SmallcCap index hit a high of 46,426.72 in the intraday trade, and was less than 1 per cent away from its record high
 "BSE Smallcap index nears record high; 17 stocks freeze at upper circuit")
NSE set to launch derivative contracts on Nifty Next 50 from Wednesday
Under the derivative contract, the exchange would offer three serial monthly index futures and index options contract cycles
 "NSE set to launch derivative contracts on Nifty Next 50 from Wednesday")
JNK India IPO: Subscription status, GMP, valuation, should you apply?
JNK India IPO: The grey market premium (GMP) for JNK India is Rs 15 as of April 23, 2024. At the higher end of the price band, it is a premium of 3.6 per cent.
 "JNK India IPO: Subscription status, GMP, valuation, should you apply?")
Amara Raja jumps 37% so far in April, nears record high on healthy outlook
Thus far in the month of April, the market price of a comprehensive solutions provider in the Energy & Mobility space has zoomed 37 per cent, as compared to 0.27 per cent rise in the S&P BSE Sensex
 "Amara Raja jumps 37% so far in April, nears record high on healthy outlook")
Inox Wind bonus issue plan: Board meet on April 25; stock zooms 9%
This comes after the company announced that its board of directors will meet on April 25, to consider and approve the proposal for issuance of bonus equity shares to the shareholders of the company
 "Inox Wind bonus issue plan: Board meet on April 25; stock zooms 9%")
Emmforce Autotech raises Rs 15.34 cr from anchor investors, IPO opens today
Emmforce's initial public offering (IPO) begins today, April 23, and will conclude on Thursday, April 25, 2024
 "Emmforce Autotech raises Rs 15.34 cr from anchor investors, IPO opens today")
K.P. Energy secures wind power project; share hits 5% upper circuit
The surge came after K.P. Energy secured an order for development of a 9MW wind power project in Gujarat
 "K.P. Energy secures wind power project; share hits 5% upper circuit")
Axis Bank Q4 preview: PAT may stay tepid, NIM could contract, say analysts
Axis Bank Q4FY24 results preview: Analysts expect Axis Bank's loan book to rise 15 per cent year-on-year
 "Axis Bank Q4 preview: PAT may stay tepid, NIM could contract, say analysts")
Hatsun Agro zooms 15% on healthy Q4 numbers; profits rise by 108% YoY
On Monday, the dairy company reported revenue from operations in Q4FY24 at Rs 2,046 crore as against Rs 1,789 crore in Q4FY23 registering a growth of 14.38 per cent year-on-year
 "Hatsun Agro zooms 15% on healthy Q4 numbers; profits rise by 108% YoY")
This Rekha Jhunjhunwala-owned stock zoomed over 100% since November
The stock hit a new high after a gap of over nine years, on Monday. It surpassed its previous high of Rs 972.50 on March 17, 2015
 "This Rekha Jhunjhunwala-owned stock zoomed over 100% since November")
Why did FPIs sell FMCG, IT stocks in April? Here's all you need to know
Apart from the bond yields and geopolitical crisis, another trigger for FPI selling was the tweak in India's tax treaty with Mauritius, which would now impose higher scrutiny on investments
 "Why did FPIs sell FMCG, IT stocks in April? Here's all you need to know")
Vodafone Idea rallies 7% on strong foreign investor's response for FPO
India's largest FPO was subscribed 6.4 times. The qualified institutional buyer (QIB) portion of the share sale was bought 17.6 times, with 82 per cent of the bids coming from foreign portfolio
 "Vodafone Idea rallies 7% on strong foreign investor's response for FPO")
Mahindra Finance tanks 8% on deferring Q4 results due to Rs 150 cr fraud
On Monday, Mahindra Finance revealed that a financial fraud was detected during the end of 4th quarter of the financial year ended 31st March 2024
 "Mahindra Finance tanks 8% on deferring Q4 results due to Rs 150 cr fraud")