Page 1072 - Markets News
Nifty PSU Bank, Fin Services trading in narrow band; check key levels here
According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index is trapped in 21,280-21,125 band.
 "Nifty PSU Bank, Fin Services trading in narrow band; check key levels here")
Prestige Estate Projects soars over 9% on securing landmark funding
Prestige Group has inked a landmark deal with Abu Dhabi Investment Authority (ADIA) and Kotak AIF for Rs 2,001 crore investment.
 "Prestige Estate Projects soars over 9% on securing landmark funding")
China's stock correlation with India reaches record all-time low
The Chinese gauge has more than doubled gains in the Indian measure since February with a push from Beijing's stimulus, while India's rally has cooled on valuation concerns
 "China's stock correlation with India reaches record all-time low")
Sebi launches SCORES 2.0 to enhance investors' complaint redressal system
SEBI Complaint Redress System (SCORES) is an online system where investors in the securities market can lodge their complaints through web URL and an app. It was launched in June 2011
 "Sebi launches SCORES 2.0 to enhance investors' complaint redressal system")
Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25
The broader indices, the Nifty MidCap and SmallCap need to sustain above 48,000 and 7,100 levels, in order to reverse the recent negative sentiment at the counters, suggests technical charts.
 "Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25")
Equity market returns to 'normalise' this fiscal year, says Canara Robeco
Canara Robeco Mutual Fund manages around 880 billion rupees ($10.55 billion) of Indian equities
 "Equity market returns to 'normalise' this fiscal year, says Canara Robeco")
Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%
Stock market highlights on Monday, April 01: Among sectors, the Nifty Media index jumped 4.7 per cent, the Nifty Metal 3.62 per cent, and the Nifty Realty 4.21 per cent
 "Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%")
Small-cap fertiliser stock leaps 20% on first day of FY25; here's why
The stock of Best Agrolife more-than-halved, dropping 55 per cent, on the BSE during the previous fiscal year
 "Small-cap fertiliser stock leaps 20% on first day of FY25; here's why")
HAL soars 3%, hits 52 week high on highest ever revenue from operations
Shares of Hindustan Aeronautics Limited soared 2.80 per cent at Rs 3,420 a piece on Monday after the company declared a 11 per cent growth in operating revenue in financial year 2024
 "HAL soars 3%, hits 52 week high on highest ever revenue from operations")
Globus Spirits zooms 11% as co commissions additional capacity at two units
The company commenced commercial production of additional capacity at two of its existing units located in Jharkhand, and West Bengal
 "Globus Spirits zooms 11% as co commissions additional capacity at two units")
Torrent Power leaps 8% on winning order worth Rs 1,825 crore
The renewable energy project will be commissioned within 24 months from the signing of Power Purchase Agreement (PPA), and will supply power at a tariff of Rs 3.65 per kWh
 "Torrent Power leaps 8% on winning order worth Rs 1,825 crore")
JSW Steel zooms 5% on commissioning hot strip mill at its Vijayanagar plant
Shares of steel major JSW Steel soared 4.70 per cent at Rs 870.45 a piece on Monday after the company's subsidiary increased steel capacity, integrating a new mill into its fold
 "JSW Steel zooms 5% on commissioning hot strip mill at its Vijayanagar plant")
PNB Housing Fin soars 15% on multiple rating upgrades; check details here
On March 29, CARE Ratings upgraded PNB Housing Finance's Long Term Bank Facilities, worth Rs 15,600 crore, to 'CARE AA+' from 'CARE AA'
 "PNB Housing Fin soars 15% on multiple rating upgrades; check details here")
Infosys jumps 2% on hopes of Rs 6,329 cr tax refund
Over the weekend, Infosys received multiple orders from IT department with regards to tax demands and potential refund.
 "Infosys jumps 2% on hopes of Rs 6,329 cr tax refund")
Lok Sabha elections, repo rate cut: Factors that could sway markets in FY25
Stock market outlook: As we transition into the new financial year (FY25), markets look poised for continued upward momentum, analysts said
 "Lok Sabha elections, repo rate cut: Factors that could sway markets in FY25")
Foreign investors flocking to Indian bonds make a splash across markets
Foreign investors have pumped roughly Rs 78,000 crore ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.'s landmark announcement in September
 "Foreign investors flocking to Indian bonds make a splash across markets")
Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach
Stocks to Watch on Monday, April 1, 2024: Zomato has received a tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities
 "Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach")
Trading strategies for Nifty, Nifty MidCap Select Indices
According to Ravi Nathani, an independent technical analyst, the 22,527 level on the upside and 22,170 on the downside are the key levels to watch out for on the Nifty 50 index.
 "Trading strategies for Nifty, Nifty MidCap Select Indices")
Street Signs: DMart's stock surge, Tepid GMP and a IPO lull, more
If grey market activity is any indication, the subsidiary of Bharti Airtel could list at Rs 610, slightly above the initial public offering (IPO) price range of Rs 542-570
 "Street Signs: DMart's stock surge, Tepid GMP and a IPO lull, more")
Rate cuts, index inclusion likely to help bond prices rally in FY25
Followed by the lower borrowing, the calendar for the initial half of the financial year gave another cheer to the bond market
 "Rate cuts, index inclusion likely to help bond prices rally in FY25")