Page 1103 - Markets News
Losers outpace gainers for the first time in 11 months, shows data
The Nifty Smallcap 100's 12-month forward price-to-earnings ratio has risen to 22 versus its 10-year average is 16.5, according to Bloomberg data
 "Losers outpace gainers for the first time in 11 months, shows data")
Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?
Nifty Healthcare has outperformed Nifty50 and some individual healthcare stocks have doubled investor wealth in FY24
 "Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?")
Nifty tops 22,300: Are markets skating on thin ice? What analysts say
Even as the Nifty seems on course to register decade high fiscal gains, the rally seems to have lost momentum in the recent months, with net gains well below the overall average in FY24 so far.
 "Nifty tops 22,300: Are markets skating on thin ice? What analysts say")
Sensex, Nifty hit record highs: 4 factors behind the rally on March 01
The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday
 "Sensex, Nifty hit record highs: 4 factors behind the rally on March 01")
National Highways Infra to debut private bond placement by April: Report
The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects
 "National Highways Infra to debut private bond placement by April: Report")
Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3
Stock market highlights on March 1, 2024: The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday
 "Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3")
Matrimony, Info Edge seesaw as Google warns removing them from playstore
As per the media report, Google has warned of removing apps of ten companies in India, including of Matrimony.com and Info Edge, for failing to pay a service fee for the use of its playstore.
 "Matrimony, Info Edge seesaw as Google warns removing them from playstore")
Stock of this iron & steel products company has zoomed over 100% in 2 mths
Shares of Kalyani Steels (KSL) moved higher by 20 per cent to its new high of Rs 1,077.65 on the BSE in Friday's intraday trade
 "Stock of this iron & steel products company has zoomed over 100% in 2 mths")
Metal stocks show mettle; Index jumps over 3% led by SAIL, Tata, JSW Steel
Adani Enterprises, Vedanta, Hindustan Copper, Hindustan Zinc, NMDC, and Nalco were trading higher in the range of 0.2 per cent to 2 per cent
 "Metal stocks show mettle; Index jumps over 3% led by SAIL, Tata, JSW Steel")
RBI's new rule on exchange-traded rupee derivatives confuses brokers
Reserve Bank of India (RBI) in a Jan. 5 circular said that stock exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"
 "RBI's new rule on exchange-traded rupee derivatives confuses brokers")
L&T gains nearly 4% on commissioning its first Hydrogen electrolyser
The electrolyser will now undergo rigorous testing in the coming weeks to optimise its performance, the company said
 "L&T gains nearly 4% on commissioning its first Hydrogen electrolyser")
Suven Pharma soars 13% on announcing merger of Cohance Lifesciences
As per the amalgamation arrangement, Cohance shareholders to get 11 shares of Suven for every 259 shares of Cohance held by them.
 "Suven Pharma soars 13% on announcing merger of Cohance Lifesciences")
Stock of this music company has zoomed 250% in last 10 months
Shares of Tips Music had hit a record high of Rs. 530.95 on Thursday, February 29
 "Stock of this music company has zoomed 250% in last 10 months")
Landmark Cars wins MG Motors dealership in Ujjain; stock rallies 9%
After Indore and Bhopal, this is Landmark's third MG dealership in the state of Madhya Pradesh
 "Landmark Cars wins MG Motors dealership in Ujjain; stock rallies 9%")
M&M hits new high on strong Feb auto sales; soars 20% in 1 month
The company reported a healthy 24 per cent YoY growth in total auto sales at 72,923 vehicles for the month of February 2024.
 "M&M hits new high on strong Feb auto sales; soars 20% in 1 month")
CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit
The Cabinet, on Thursday, approved the setting up of three semiconductor plants including CG India's. The construction of these plants will start in the next 100 days
 "CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit")
Stocks to watch: Paytm, Tata Group, Airtel, Biocon, Suven, Vedanta, L&T
Stocks to watch on March 1, 2024: L&T has commissioned its first hydrogen electrolyser at the green hydrogen plant at Hazira, Gujarat
 "Stocks to watch: Paytm, Tata Group, Airtel, Biocon, Suven, Vedanta, L&T")
F&O strategy: Bull spread recommended on UBL for March series
Nandish Shah of HDFC Securities recommends to Buy UBL 1700 CALL and simultaneously Sell 1800 CALL for the March expiry.
 "F&O strategy: Bull spread recommended on UBL for March series")
RIL-Disney 'game-changing' deal gets a thumbs-up from analysts
The development will be negative for other players such as Zee, analysts said, who will now have to compete with a much larger entity
 "RIL-Disney 'game-changing' deal gets a thumbs-up from analysts")
Power Grid Corporation's prospects factored in at current valuations
For FY25, the planned capex is at Rs 15,000 crore, up from earlier guidance of Rs 12,500 crore, alongside capitalisation of Rs 17,000 crore for FY25
 "Power Grid Corporation's prospects factored in at current valuations")