Page 1079 - Markets News
Sarda Energy zooms 14% as JV bags Composite Licence for iron ore block
Natural Resources Energy Pvt. Ltd. - a subsidiary Joint Venture company (NREPL), has been awarded the Letter of Intent for Composite Licence for iron ore block in Maharashtra
 "Sarda Energy zooms 14% as JV bags Composite Licence for iron ore block")
Stock market outlook: What's working in favour of the bulls and bears?
Here are three key factors that are working in favour of the bulls and bears and could dictate the market trend going ahead as per the technical charts.
 "Stock market outlook: What's working in favour of the bulls and bears?")
Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL
Stocks to Watch on March 22, 2024: Bharat Dynamics' board has approved an Interim Dividend of Rs 8.85 and a stock split of one share into two shares
 "Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL")
Derivative Strategy on Cummins for March expiry as stock nears fresh high
Primary trend of the stock has been bullish with higher tops and higher bottoms on the weekly chart
 "Derivative Strategy on Cummins for March expiry as stock nears fresh high")
Trend bearish in Nifty FMCG; Metal close to resistance level: How to trade?
The Nifty Metal index is now positioned very close to its resistance levels, which are located at 8,110 and 8,250
 "Trend bearish in Nifty FMCG; Metal close to resistance level: How to trade?")
Bond yields drop as US Federal Reserve sticks with three-rate-cut signal
The yield on the benchmark 10-year government bond fell by four basis points to settle at 7.05 per cent on Thursday, against 7.09 per cent on Wednesday
 "Bond yields drop as US Federal Reserve sticks with three-rate-cut signal")
Our small, midcap portfolios haven't participated in the rally: Marcellus
Given the macroeconomic strengths, the market is pricing in a reasonable earnings growth and hence justifying current valuations, Pramod Gubbi of Marcellus Investment Managers said in this interview
 "Our small, midcap portfolios haven't participated in the rally: Marcellus")
Sebi directs mutual funds to stop inflows into ETF-based overseas schemes
Sebi and some of the MFs have made representations to the Reserve Bank of India (RBI) seeking new limits but the central bank is yet to take a call
 "Sebi directs mutual funds to stop inflows into ETF-based overseas schemes")
IPO activity to see spillover effect from mid, smallcap weakness: Analysts
Overall, so far in calendar year 2024 (as of March 19), 10 of 21 new listings have been subdued despite decent subscription levels, shows data from PRIME Database
 "IPO activity to see spillover effect from mid, smallcap weakness: Analysts")
T+0 settlement beta version from next week, Sebi issues guidelines
The new framework will come into force from March 28
 "T+0 settlement beta version from next week, Sebi issues guidelines")
US Fed decision powers 540-pt rally in Sensex; broader indices jump over 2%
Stock market highlights on March 21: In the broader markets, the rebound was steeper with the BSE MidCap and SmallCap indices closing 2.3 per cent and 2 per cent higher, respectively
 "US Fed decision powers 540-pt rally in Sensex; broader indices jump over 2%")
Investors richer by Rs 6 trn: Factors behind rally, market outlook & more
Stock market updates, March 21: The S&P BSE Sensex jumped 781 points intraday to hit a high of 72,882 level, while the Nifty50 reclaimed the 22,000-mark
 "Investors richer by Rs 6 trn: Factors behind rally, market outlook & more")
CG Power, Cummins, Thermax, Hitachi Energy rally up to 9%, hit record highs
With increased economic activity in the country, the expectations are that India will double its generation and transmission capacities in the next couple of years
 "CG Power, Cummins, Thermax, Hitachi Energy rally up to 9%, hit record highs")
Jupiter Wagons rises 4% day after announcing Bonatrans India buyout
Jupiter Wagons has acquired Bonatrans India, manufacturer of rolling stock wheelsets, for a consideration of Rs 271 crore.
 "Jupiter Wagons rises 4% day after announcing Bonatrans India buyout")
Rico Auto hits record high on heavy volumes; stock rallies 61% in a month
Rico Auto was trading 6 per cent higher at Rs 143.75, as against 0.5 per cent rise in the benchmark index
 "Rico Auto hits record high on heavy volumes; stock rallies 61% in a month")
Shares of NTPC surge nearly 4% on NCD issue worth Rs 1500 cr
The recent hike in the stock price comes on the back of issuance of non-convertible debentures worth Rs 1,500 crore on Wednesday
 "Shares of NTPC surge nearly 4% on NCD issue worth Rs 1500 cr")
Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks
The NSE Metal index has rallied 3% so far this week, while the Nifty has edged 0.2% higher. Technical charts suggest select frontline metal shares can rally another 14% from present levels.
 "Hindalco, JSW, Tata Steel: Tech charts hint at mixed outlook for metal stks")
SME IPO: Naman In-Store trims issue size; commands strong GMP of over 50%
Naman In-Store IPO consists a fresh issue of 2.85 million shares, reduced from the earlier planned issue of 3 million shares. The price band is fixed at Rs 84-89, meaning a fundraise of Rs 25.35 crore
 "SME IPO: Naman In-Store trims issue size; commands strong GMP of over 50%")
PSU Banks soar: PNB, Indian Bank, Central Bank, PSB, BOI zoom up to 4%
The Nifty PSU Bank index rose sharply at 2.66 per cent against 1.01 per cent rise in the Nifty50 benchmark index. A total of 1,86,178 shares worth 12.61 crores changed hands intraday
 "PSU Banks soar: PNB, Indian Bank, Central Bank, PSB, BOI zoom up to 4%")
eMudhra hits fresh high; zooms 60% in 2 months on healthy outlook
In January 2024, eMudhra raised Rs 200 crore through a qualified institutional placement (QIP). The company issued 4.74 million equity shares at a price of Rs 422 per share
 "eMudhra hits fresh high; zooms 60% in 2 months on healthy outlook")