Page 1096 - Markets News
Krystal Integrated Services IPO subscribed 70% on second day of offer
The Initial Public Offer (IPO) has a fresh issue of up to Rs 175 crore and an offer-for-sale of up to 1,750,000 equity shares
 "Krystal Integrated Services IPO subscribed 70% on second day of offer")
PwC India to offer tech-based compliance monitoring services with Axar
Agreement will have the two companies work together in 'creating market awareness'
 "PwC India to offer tech-based compliance monitoring services with Axar")
Sensex ends 454 pts lower, Nifty holds 22K; Auto, IT, Power shares weigh
Market wrap on March 15, 2024: Mahindra & Mahindra was the major loser among auto stocks, down 5%; Among others shares of oil marketing companies declined up to 6 per cent post fuel price cut.
 "Sensex ends 454 pts lower, Nifty holds 22K; Auto, IT, Power shares weigh")
Stock of this industrial explosives firm hits new high, up 136% in 8 months
Shares of Solar Industries hit an all-time high of Rs 8,686, on rallying 6 per cent in Friday's trading session.
 "Stock of this industrial explosives firm hits new high, up 136% in 8 months")
Stock of recently listed firm hits record high today, zooms 24% in 2 days
Shares of recently listed R K Swamy sprinted 15.4 per cent to Rs 286.95 apiece, also its fresh record high, on the BSE in Friday's intraday trade amid heavy volume
 "Stock of recently listed firm hits record high today, zooms 24% in 2 days")
Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24
In the past one month, Bharti Airtel has outperformed the market by surging 9 per cent, as against less than 1 per cent rise in the BSE benchmark index.
 "Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24")
IRFC, Zomato, Voda Idea: Strategies for most actively traded stocks
As of 10 AM on Friday, Yes Bank, Voda Idea, IRFC, NHPC and Tata Steel were the top traded stocks among the Nifty 200 index. Here's a technical outlook on the select shares.
 "IRFC, Zomato, Voda Idea: Strategies for most actively traded stocks")
Stress Test: DSP needs 16 days to exit 25% in SmallCap MF; Edelweiss 3 days
Edelweiss Mutual Fund on Thursday disclosed its first stress test result in order to comply with recent Sebi directive.
 "Stress Test: DSP needs 16 days to exit 25% in SmallCap MF; Edelweiss 3 days")
IIFL Finance hits lowest level since Oct' 22; stock tanks 42% in 2 weeks
Multiple rating agencies including Fitch Ratings, Brickwork Ratings India, CRISIL Ratings, Care Ratings, and Icra have revised their ratings on IIFL Finance
 "IIFL Finance hits lowest level since Oct' 22; stock tanks 42% in 2 weeks")
Biocon slips 5% on plan to sell branded formulation biz to Eris
Shares of Biocon slipped 5 per cent to Rs 254.15 on the BSE in Friday's intra-day trade as the company's unit Biocon Biologics will sell its Indian branded formulations businesses to Eris Lifesciences
 "Biocon slips 5% on plan to sell branded formulation biz to Eris")
Analysts favour defensive bets as hedge against equity market downturn
From defensives, Nifty Pharma index has led gains so far in calendar year 2024 with a surge of 11 per cent, followed by Nifty IT, which is up 4 per cent while Nifty FMCG has shed 6 per cent
 "Analysts favour defensive bets as hedge against equity market downturn")
Paytm freezes at 5% upper circuit on getting third party license from NPCI
Axis Bank, HDFC Bank, State Bank of India, and YES Bank shall act as PSP (Payment System Provider) banks to the company.
 "Paytm freezes at 5% upper circuit on getting third party license from NPCI")
Stocks to Watch, March 15: BPCL, IOC, IIFL Finance, Paytm, YES Bank, Biocon
Stocks to Watch on Friday, March 15, 2024: The Centre has reduced prices of petrol and diesel by Rs 2 per litre, effective from March 15, 6 AM
 "Stocks to Watch, March 15: BPCL, IOC, IIFL Finance, Paytm, YES Bank, Biocon")
Near-term weakness likely for Nifty Pharma, Energy: Check trading strategy
Technical indicators such as RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are both displaying a downtrend on charts for Nifty Pharma
 "Near-term weakness likely for Nifty Pharma, Energy: Check trading strategy")
Active funds weather market storm better than the benchmark indices
Nifty Midcap 100 index is down 3.9 per cent. In the case of smallcaps, active funds are down 6 per cent vis-a-vis 8.6 per cent decline in the Nifty Smallcap 100 index
 "Active funds weather market storm better than the benchmark indices")
'Investors should take 3-5 year view when investing in small, midcaps'
Markets are evenly poised, anticipated rate cuts can provide positive impetus to the market going forward, believes Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund.
 "'Investors should take 3-5 year view when investing in small, midcaps'")
Can the sell-off in mid, smallcap stocks spread to the large-cap universe?
Most analysts, however, do not think so as they expect a minor dip and a sharp recovery as investors flock to the large-caps in search of safety and value buying as the mid-and small-caps falter.
 "Can the sell-off in mid, smallcap stocks spread to the large-cap universe?")
Proxy companies give approval for ICICI Securities delisting bid
Move will see ISec become wholly-owned subsidiary of ICICI Bank
 "Proxy companies give approval for ICICI Securities delisting bid")
Muted demand environment to hit Jubilant FoodWorks' near term earnings
This was the fourth consecutive quarter of a decline in LFL growth for the pizza market leader
 "Muted demand environment to hit Jubilant FoodWorks' near term earnings")
Zee fund diversion case: Chandra suppressed material facts, Sebi tells SAT
The market regulator is investigating the alleged fund diversion by Chandra and his son Punit Goenka, who is also the managing director and chief executive officer of Zee
 "Zee fund diversion case: Chandra suppressed material facts, Sebi tells SAT")