Page 1097 - Markets News
Sebi may allow employees to donate on social stock exchange: Buch
Speaking at an event to mark the listing of first five non-profits on the newly created SSE, Buch said Sebi personnel are not allowed to invest in securities right now
 "Sebi may allow employees to donate on social stock exchange: Buch")
Investors become richer by Rs 7.81 trillion as stock markets rebound
The 30-share BSE Sensex climbed 335.39 points or 0.46 per cent to settle at 73,097.28. During the day, it jumped 602.41 points or 0.82 per cent to 73,364.30
 "Investors become richer by Rs 7.81 trillion as stock markets rebound")
Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine
Market wrap on March 14, 2024: Beaten down BSE PSU and CPSE indices surged up to 3 per cent led by gains in rail stocks; Adani Group shares surged up to 11%
 "Market bounces back: Sensex gains 335 pts; Adani Group, rail shares shine")
Gensol Engg trades lower for fourth straight day; slips 43% from Feb high
The stock has witnessed selling pressure off late owing to the company's name associated with Zenith Multi Trading DMCC (Zenith).
 "Gensol Engg trades lower for fourth straight day; slips 43% from Feb high")
Rail stocks: IRFC, IRCON, Texmaco Rail rally up to 15% on heavy volumes
Indian Railway Finance Corporation (IRFC), and Engineering, IRCON International, RailTel Corporation of India, RITES, Rail Vikas Nigam (RNVL) and Titagarh Rail Systems have rallied 8 to 15
 "Rail stocks: IRFC, IRCON, Texmaco Rail rally up to 15% on heavy volumes")
SMS Pharma soars 16% on positive biz outlook; zooms 60% so far in 2024
The stock is now seen trading close to its 52-week and all-time high registered in March 2024 and August 2021, respectively.
 "SMS Pharma soars 16% on positive biz outlook; zooms 60% so far in 2024")
Indian Hume Pipe surges 18% on winning work order worth Rs 228 cr
The company in association with AMR India and Shoda Constructions has secured Rs 1,138 crore work order related to water supply projects & sewerage projects under AMRUT 2.0 by Government of Telangana.
 "Indian Hume Pipe surges 18% on winning work order worth Rs 228 cr")
SpiceJet soars 8% on securing 10 aircraft ahead of summer schedule
The Ajay Singh-led airline said it has finalised lease agreements for ten aircraft to bolster its capacity ahead of the upcoming summer schedule
 "SpiceJet soars 8% on securing 10 aircraft ahead of summer schedule")
$80 billion crash in India's small-cap stocks flashes warning signs
As sentiment weakens, investors are pulling money out of richly valued larger shares as well
 "$80 billion crash in India's small-cap stocks flashes warning signs")
Larsen & Toubro gains 2% on winning 'major' order from Middle East client
L&T classifies orders ranging between Rs 5,000 crore and Rs 10,000 crore as 'major' orders
 "Larsen & Toubro gains 2% on winning 'major' order from Middle East client")
SJVN zooms 8% on signing solar power project worth Rs 2700 cr
The company's share prices have increased by 10 per cent year to date versus the BSE Sensex rise of 0.6 per cent
 "SJVN zooms 8% on signing solar power project worth Rs 2700 cr")
Som Distilleries spurs 13% on stock split plan; stock up 44% so far in FY24
The liquor maker said the Board of Directors of the company is scheduled to meet on Tuesday, April 2, 2024, to consider and approve sub-division/split of existing equity shares
 "Som Distilleries spurs 13% on stock split plan; stock up 44% so far in FY24")
Gopal Snacks makes disappointing debut; lists 13% below its issue price
Post listing, the stock hit a high of Rs 378 and a low of Rs 342 in early deals on the BSE.
 "Gopal Snacks makes disappointing debut; lists 13% below its issue price")
Inflationary pressure signals weakening support for Asian bond gains
Emerging Asian bonds handed investors a return of 0.5 per cent so far this quarter compared with over 5 per cent in the last three months of 2023, according to a Bloomberg index.
 "Inflationary pressure signals weakening support for Asian bond gains")
Nifty IT, Nifty Auto may face downward pressure, show technical indicators
Given the prevailing market conditions in Nifty IT, the recommended trading strategy is to sell on rallies, with a stop-loss set at 37,100
 "Nifty IT, Nifty Auto may face downward pressure, show technical indicators")
Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC
Stocks to Watch on Thursday, March 14: Gopal Snacks' shares will debut on the stock exchanges on Thursday at an issue price of Rs 401 apiece
 "Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC")
Broader mkt weakness, slow capex to halt rally in cement shares: Analysts
Shares of JK Cement, Dalmia Bharat, Ambuja Cement, and ACC, for instance, have lost in the range of 5 per cent to 8 per cent during the period, ACE Equity data shows
 "Broader mkt weakness, slow capex to halt rally in cement shares: Analysts")
Brokerages see up to 25% upside for ITC post BAT stake sale
With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.
 "Brokerages see up to 25% upside for ITC post BAT stake sale")
J G Chemicals makes weak debut; stock lists 5% below its issue price
Post listing, the market price of J G Chemicals hit a high of Rs 213.75 and a low of Rs 201.90 in the intraday trade
 "J G Chemicals makes weak debut; stock lists 5% below its issue price")
Equity markets not in a serious bubble territory, says Uday Kotak
His comments come at a time when the smallcaps and midcaps have seen a sharp fall in the last three consecutive trades
 "Equity markets not in a serious bubble territory, says Uday Kotak")