Page 1077 - Markets News

Sponsor contributions in mutual funds near the Rs 1 trillion mark

Sebi requires those running mutual funds to invest money in their own funds as part of having 'skin-in-the-game', or aligning their interests with investors

Sebi bans two persons from market for 3 years, slaps Rs 77 lakh penalty

Those restrained by the Securities and Exchange Board of India (Sebi) are -- Rohit Mankotia, who was employed in Radico NV Distilleries, and his mother Shila Devi

Investors subscribe SRM Contractors IPO 3.56 times on day 1 of bidding

The IPO received bids for 1,54,35,840 shares against 43,40,100 shares on offer, as per NSE data

PE firm Olympus to sell 9.8% stake in India's Aster DM for up to $234.5 mn

Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share

Sensex snaps 3-day winning run, ends 362 pts down; Airtel, HDFC Bank drag

Market wrap on March 26, 2024: The NSE Nifty 50 shed 92 points, but managed to end above 22,000-mark. The BSE MidCap index, outperformed and finished with a gain of 0.7 per cent.

Hotel stocks rally up to 9% in weak market on hopes of strong earnings

Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.

This smallcap stock has zoomed over 100% in 5 months; hits new high

Shares of Sanghvi Movers, a major player in the crane rental industry, moved higher by 11 per cent to Rs 1,282.95 on the BSE on Tuesday

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama

Nuvama Institutional Equities, in report based on technical analysis, expects the Nifty MidCap to turn bullish above 48,100 and SmallCap above 15,400 levels.

IndiGo rallies 4% to hit fresh high, stock zooms 79% thus far in FY24

IndiGo plans to add 10 new destinations in fiscal 2025 and manage a fleet of more than 600 aircraft by 2030 as it expects the number of fliers in India to more than double by the end of the decade

Mankind Pharma slips 4% on Beige's likely 3% stake sale via block deal

According to media reports, Beige Ltd, an affiliate of private equity firm ChrysCapital, was looking to offload 2.90 per cent stake in the drugmaker through block deals

RVNL zooms 6% on MoU with Airport Authority of India worth Rs 294 cr

Shares of Railway Vikas Nigam, the construction arm of Indian Railways zoomed 6 per cent on BSE in Tuesday's intraday trade against a 0.36 per cent dip in BSE Sensex

Life insurance shares in focus; Max Financial, HDFC Life rally up to 6%

In a relief for life insurance company investors, regulator Irdai has retained most existing surrender charges in the revised product regulations

Breakout stocks: SRF, Shoppers Stop can rally up to 10%, hint tech charts

Alok Industries and Chambal Fertilisers among others have recently bounced back above their 30-EMAs; charts suggest a possibility of an up move in the near-term.

Indus Towers at over 2-yr high; Citi maintains buy, bull-case target Rs 400

Indus is witnessing demand for rural expansion and densification in urban areas, particularly from Bharti Airtel

Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

Trust Fintech has raised Rs 18.05 crore from allocating nearly 1.8 million shares at Rs 101 to anchor investors ahead of the IPO

Stocks to watch on March 26: UltraTech, Mankind Pharma, RIL, RVNL, Lupin

Stocks to Watch on March 26, 2024: Reliance Industries acquired a 100 per cent stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV from MSEB Solar Agro Power

Nifty50, Nifty Financial, PSB indices: Check key levels for trading action

If Nifty closes above 22,225, the next resistance levels on the charts would likely be around 22,350 and 22,575

Wall Street declines ahead of US data; dollar faces heat from yen, yuan

Wall Street's main indices kicked off the week on a lower note. Market participants are hoping that Friday's US prices data will back investor bets for a June interest rate cut by the Federal Reserve

Hong Kong regains fourth-largest market spot after rout in Indian equities

India cedes position as broader market rout shaves off $180 bn in mcap; China & Hong Kong markets have rebounded over 12 per cent

Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised

Investors should not take long-term positions in SME IPOs unless they are familiar with the sector and the company, analyst cautions