Page 1075 - Markets News

Sensex zooms 1200 pts intra-day, Nifty tops 22500; reasons behind the rally

The S&P BSE Sensex rallied nearly 1,000 points as it touched an intra-day high of 73,984 on Thursday. The NSE Nifty50 hit a high of 22,467.

110 stocks from BSE 500 index more-than-doubled in FY24

The BSE 500 index zoomed 39 per, while Sensex was up 25 per cent in FY24. IRFC was the top gainer, up 439% followed by Suzlon and HUDCO.

Astra Microwave Products rallies 14% on winning Rs 386 cr order from BEL

According to analysts, the company's revenue growth is expected to be steady with an operating margin of around 19-21%, supported by a healthy order pipeline and improving geographical mix.

ICICI Securities slips 4% as shareholders approve dislisting plans

ICICI Securities experienced a 4.1 per cent decline at Rs 710 in early trading, while ICICI Bank witnessed a 1.3 per cent increase

VIP Industries surges 13% after management unveils plans for FY25

VIP Industries was trading 12.5 per cent higher at Rs 523.65, as compared to 0.8 per cent gain in the S&P BSE Sensex

Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24

4 out of the Nifty50 stocks zoomed over 100 per cent in FY24; as per technical charts, here's are the key levels that should be closely monitored.

Shares of chemicals firm PCBL shoot up 5% on warrant issue worth Rs 488 cr

Phillips Carbon Black Limited's stock was trading 4.73 per cent higher at Rs 277 in early trade

Smallcap stock zooms 10% as SBI MF buys 3% stake; HDFC MF holds 7% equity

Among non-promoter public shareholders, HDFC Mutual fund (via HDFC Balanced Advantage Fund) held 7.4 per cent stake in Savita Oil, according to data on BSE

FTSE Russell defers India's inclusion in govt bond index due to taxation

Indian bonds have seen foreign inflows of nearly $10 billion over the last six months

IDFC First Bank slips 3% after over 2% equity change hands in block deals

As per reports, Cloverdell Investment, an affiliate of US-based Warburg Pincus, planned to sell 159 million shares in IDFC First Bank through the block deal route on Thursday.

Stocks to watch: Maruti Suzuki, NHPC, Dr Reddy's, Biocon, REC, GOCL Corp

Stocks to watch on March 28: Adani Power has awarded a contract valued at Rs 4,000 crore to Bharat Heavy Electricals for the establishment of a thermal power plant in Chhattisgarh

Nifty IT, Nifty Auto signal downtrend on charts: Here's how to trade

The Nifty Auto Index, currently trading at 21146.20, is showing signs of short-term underperformance, as indicated by its overbought condition and negative divergence on technical indicators

BSE announces 25 stocks eligible for T+0 settlement cycle from tomorrow

Several brokers, however, not yet ready to offer same-day settlement

Reliance jumps 4% as Goldman Sachs sees up to 56% upside in stock by FY26

The brokerage has raised its target price to Rs 3,400 from Rs 2,925 in a base-case scenario, reflecting a potential upside of 18 per cent from RIL's last close

Low-quality stocks trump better-quality peers in FY24, shows data

Companies that do not fall in either of 'growth' and 'quality' bracket have delivered median return of 65 per cent.

StanChart exits CDSL, sells stake; Maruti mcap breaches Rs 4 trn mark

The market capitalisation of passenger car major Maruti Suzuki India (MSIL) topped the Rs 4 trillion mark for the first time in intraday trade on Wednesday

Zomato, Nykaa: New-age stocks defy market fall; analysts see more upside

Data from ACE Equity shows that shares of Zomato, Nykaa (FSN-e Commerce), and PB Fintech have surged in the range of 4.6 per cent to 11.4 per cent in one month

Standard Chartered Bank sells entire 7.18% stake in CDSL for Rs 1,266 crore

According to the bulk deal data available with the National Stock Exchange (NSE), Standard Chartered Bank offloaded 75 lakh shares of Central Depository Services (India) Ltd (CDSL)

Olympus Capital divests 9.8% stake in Aster DM Healthcare for Rs 1,978 cr

Olympus Capital Asia through its two affiliates -- Olympus Capital Asia Investments Ltd and Olympus ACF Pte -- offloaded the shares of Dubai-based Aster DM Healthcare on the bourse

Investors subscribe SRM Contractors IPO 17.40 times on day two of bidding

The Initial Public Offer (IPO) received bids for 7,55,13,970 shares against 43,40,100 shares on offer, according to data available with the NSE