Page 1092 - Markets News
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")
Krystal Integrated Services lists at 11% premium over its issue price
At 10:01 am; Krystal was quoting at Rs 784.75, after hitting a low of Rs 764.65 on the BSE in intra-day trade. A combined 2.5 million equity shares changed hands on the NSE and BSE
 "Krystal Integrated Services lists at 11% premium over its issue price")
This capital goods engineering company has zoomed 107% thus far in CY2024
Thus far in the calendar year 2024 (CY2024), the stock price of Salzer has zoomed 107 per cent from level of Rs 404.05. In comparison, the S&P BSE Sensex is up less than 1per cent
 "This capital goods engineering company has zoomed 107% thus far in CY2024")
India block trades raise $7.1 billion, headed toward best qtr in 14 yrs
India's equity capital markets have been running hot for the past year as its stocks climb to record highs and foreign investors pile in amid a rotation away from China
 "India block trades raise $7.1 billion, headed toward best qtr in 14 yrs")
Stocks to Watch on March 21: Wipro, TVS Motor, Torrent Power, RVNL, Krystal
Stocks to Watch on March 21, 2024: Exicom Tele-Systems, Platinum Industries will release their Q3 results today
 "Stocks to Watch on March 21: Wipro, TVS Motor, Torrent Power, RVNL, Krystal")
Nifty Auto, Nifty Energy: See resistance, support levels for trading action
Nifty Auto: There is a preference for finding opportunities to go short below 20,300, considering the bearish trend observed in the near term on the charts
 "Nifty Auto, Nifty Energy: See resistance, support levels for trading action")
Froth remains in select PSU stocks; Q4, a test for sustainable financials
Among PSUs, Railway stocks such as Rites, IRFC and IRCTC dipped by 21.3 per cent, 8.1 per cent and over 2 per cent respectively in March, Ace Equity data shows
 "Froth remains in select PSU stocks; Q4, a test for sustainable financials")
Eicher Motors rallies 4% after UBS upgrades stock to 'Buy', sees 29% upside
The brokerage is upbeat on the company's prospects due to promising growth outlook of Royal Enfield
 "Eicher Motors rallies 4% after UBS upgrades stock to 'Buy', sees 29% upside")