Page 1095 - Markets News
Reliance Infra hits 5-year high; stock zooms 41% in 3 days
Reliance Infrastructure was trading 8 per cent higher at Rs 256.40, compared to 0.16 per cent decline in the S&P BSE Sensex
 "Reliance Infra hits 5-year high; stock zooms 41% in 3 days")
Can LS elections, IPL revive mood in media stocks? Here's what charts say
Analysts believe that Lok Sabha polls and IPL may provide short-term earnings boost, but the overall sentiment depends on how the RIL-Disney deal shapes up or a revival in Zee-Sony India merger talks.
 "Can LS elections, IPL revive mood in media stocks? Here's what charts say")
Torrent Power leaps 8%, nears 52-week high on 300 MW solar, wind project
The company has received Letter of Award for Grid Connected Wind Solar hybrid project worth Rs 3,650 crore
 "Torrent Power leaps 8%, nears 52-week high on 300 MW solar, wind project")
Coforge slips 5% as board approves Rs 3,200 crore fund raise
In the past one month, the global digital services and solutions provider's stock has underperformed in the market falling by 14 per cent. In comparison, the S&P BSE Sensex was down by 0.04 per cent
 "Coforge slips 5% as board approves Rs 3,200 crore fund raise")
Indian govt bond yield at more than two-week high as US peers jump
The rise in yields is fuelled by indications of a robust economy and elevated inflationary pressures
 "Indian govt bond yield at more than two-week high as US peers jump")
Adani Group shares trade weak; Total Gas, Ports, Energy slip up to 8%
According to a Bloomberg report, US prosecutors have widened their probe against India's Adani Group to focus on whether the company engaged in bribery
 "Adani Group shares trade weak; Total Gas, Ports, Energy slip up to 8%")
Anup Engg surges 15% as board mulls bonus share; zooms 110% so far in FY24
Since April 2023, so far in the financial year 2023-24, the stock price of Anup Engineering more than doubled or zoomed 110 per cent
 "Anup Engg surges 15% as board mulls bonus share; zooms 110% so far in FY24")
Stocks to Watch: Adani Group, Torrent Power, HAL, Lupin, Railtel, KPI Green
Stocks to watch on March 18, 2024: As per PTI, the Adani group will invest more than Rs 1.2 lakh crore in FY25 across its portfolio business with a special focus on green and renewable energy
 "Stocks to Watch: Adani Group, Torrent Power, HAL, Lupin, Railtel, KPI Green")
Sell Nifty on rallies amid likely downtrend, stop-loss placed below 21,850
For Nifty, traders are advised to be cautious and consider selling on rallies or on a close below 21800, taking into account the indications from various technical indicators
 "Sell Nifty on rallies amid likely downtrend, stop-loss placed below 21,850")
Markets to remain volatile amid US Fed rate decision speculations: Analysts
Experts said equity markets may remain volatile in the near-term amid a host of global central bank's monetary policy decisions lined up during the week
 "Markets to remain volatile amid US Fed rate decision speculations: Analysts")
FPIs infuse over Rs 40,000 cr in Indian equities on strong economic growth
The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed
 "FPIs infuse over Rs 40,000 cr in Indian equities on strong economic growth")
Mcap of 5 of top 10 firms tanks Rs 2.23 trn; Reliance, LIC biggest laggards
The mcap of Reliance Industries tanked Rs 81,763.35 crore to Rs 19,19,595.15 crore, the most among the top-10 firms
 "Mcap of 5 of top 10 firms tanks Rs 2.23 trn; Reliance, LIC biggest laggards")
Meltdown in India's smaller stocks seen luring dip buyers to market
Bulls say the blowout returns in smaller companies stem from robust corporate profit growth in recent years
 "Meltdown in India's smaller stocks seen luring dip buyers to market")
Sebi to introduce same-day settlement for 25 stocks, defers full launch
The regulator will review progress at the end of three and six months before deciding on a further course of action
 "Sebi to introduce same-day settlement for 25 stocks, defers full launch")
Retail-heavy stocks plummet nearly 10% this month, shows data
All three stocks have come off sharply from their February highs
Margin concerns largely priced in for Muthoot, Manappuram Finance
Three NBFCs in gold financing have seen AUM growth on a quarter-on-quarter (Q-o-Q) basis for the gold segments over the last three quarters
 "Margin concerns largely priced in for Muthoot, Manappuram Finance")
BPCL, HPCL, IOC shed up to 8% on petrol, diesel price cut, margin worries
Analysts expect OMCs to trade lower in the near-term given the retail price cut and elevated brent crude prices of $85/bbl
 "BPCL, HPCL, IOC shed up to 8% on petrol, diesel price cut, margin worries")
Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs
Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities
Rupee, bonds weaken as US yield rises after unfavourable PPI data
The market was driven by traders due to the absence of significant domestic cues, dealers said
 "Rupee, bonds weaken as US yield rises after unfavourable PPI data")
Near-term demand remains a concern for listed tile maker Kajaria Ceramics
Even as the March quarter and FY24 volumes are likely to be on the lower side, management and brokerage commentary suggest that recovery could be strong in FY25
 "Near-term demand remains a concern for listed tile maker Kajaria Ceramics")