Page 1104 - Markets News
Tractor stocks may have bumpy ride in near-term; stay selective: Analysts
Volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak
 "Tractor stocks may have bumpy ride in near-term; stay selective: Analysts")
Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach
Buch-who oversees India's $4.7 trillion equities market-doesn't plan to rest on her laurels and has set out an ambitious goal such as moving towards instantaneous settlement cycle for secondary market
 "Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach")
Govt bond yields fall for 4th consecutive month as favourable budget aids
The benchmark 10-year yield ended at 7.0764%, after closing at 7.0663% on Wednesday. The yield declined seven basis points in February, after falling 21 basis points in November-January
 "Govt bond yields fall for 4th consecutive month as favourable budget aids")
Sebi bans 12 cos from securities market for V Marc stock manipulation
The regulator impounded wrongful gains of Rs 6.38 crore made by some of the entities from the manipulative scheme, according to an interim order
 "Sebi bans 12 cos from securities market for V Marc stock manipulation")
Nifty ends Feb F&O series below 22K; broader indices shine; PSB index up 2%
Stock market highlights on Thursday, February 29: Among sectors, the Nifty Media index closed with losses of 0.76 per cent. On the upside, the Nifty PSU Bank index eked out gains of 1.8 per cent
 "Nifty ends Feb F&O series below 22K; broader indices shine; PSB index up 2%")
Triveni Turbine hits new high; zooms 41% in 18 days post Q4 results
A combined 8.98 million equity shares representing 2.8 per cent of total equity of the company changed hands on the NSE and BSE.
 "Triveni Turbine hits new high; zooms 41% in 18 days post Q4 results")
Sebi moves to restrict inflows into small- and mid-cap mutual funds
Sebi's communication shows heightened regulatory concern on the surging inflows into Indian small- and mid-cap mutual funds and any potential ripple effects on the financial system
 "Sebi moves to restrict inflows into small- and mid-cap mutual funds")
Max Health, Fortis, Apollo slump up to 9% as SC warns slapping CGHS rates
Medanta, Rainbow Children Medicare, Shalby, Apollo Hospitals, Fortis Healthcare and newly listed GPT Healthcare fell 2-8 per cent in intra-day trade on BSE
 "Max Health, Fortis, Apollo slump up to 9% as SC warns slapping CGHS rates")
Allcargo Logistics soars 9% on healthy volumes
Recently, the company's arm Allcargo Supply Chain Private Limited (ASPL) said would be expanded its warehouse space by adding 3 million square feet in the next two-three years.
 "Allcargo Logistics soars 9% on healthy volumes")
Portfolio, new launches to help pharma company Abbott India's stock
Firm's revenues were in line with estimates and operational parameters better than expected
 "Portfolio, new launches to help pharma company Abbott India's stock")
Stock of this SME IPO has zoomed 240% against issue price in two weeks
Rudra Gas shares were locked in 10% upper circuit at Rs 214.39, bouncing back 22% from its intraday low, after the company received two orders from HPCL amounting to Rs 9.96 crore
 "Stock of this SME IPO has zoomed 240% against issue price in two weeks")
Zee Entertainment tanks 10% in 2 days, stock nears 52-week low
The counter saw heavy volumes of around 35.64 million equity shares changing hands on the NSE and BSE till 11:09 am on Thursday
 "Zee Entertainment tanks 10% in 2 days, stock nears 52-week low")
Venus Pipes soars 9% to new high on foray into fittings, capex of Rs 175 cr
Both the fittings business and the new product line of stainless and titanium welded tubes will be high-teens margin businesses, as per the company
 "Venus Pipes soars 9% to new high on foray into fittings, capex of Rs 175 cr")
Reliance gains 2% on forming $8.5 bn JV with Disney merging India media ops
As part of the transaction, the media undertaking of Viacom18, a RIL group company, will be merged into Star India Private, a Disney-owned firm
 "Reliance gains 2% on forming $8.5 bn JV with Disney merging India media ops")
FDI inflows decline 13% to $32 billion in Apr-Dec 2023, shows data
FDI inflows stood at $36.74 billion during the corresponding nine months of the preceding fiscal
 "FDI inflows decline 13% to $32 billion in Apr-Dec 2023, shows data")
RIL-Disney deal: What do charts suggest for media & entertainment stocks?
A day after Reliance, Viacom18 and Disney announced a mega joint venture, RIL traded firm, while shares of TV18 group hit the 5% lower circuits. Here's a quick chart check.
 "RIL-Disney deal: What do charts suggest for media & entertainment stocks?")
Shriram Finance rallies 5% as stock is set to enter Nifty50 from March 28
Shriam Finance will replace UPL in the benchmark index, NSE said in a circular on Wednesday after market hours
 "Shriram Finance rallies 5% as stock is set to enter Nifty50 from March 28")
GPT Healthcare makes good market debut; stock lists 16% over issue price
t 10:03 AM, GPT Healthcare was trading at Rs 205.65, 5 per cent lower than its listing price and 11 per cent higher against its issue price
 "GPT Healthcare makes good market debut; stock lists 16% over issue price")
Stocks to watch: Reliance, Coal India, BHEL, Shriram Finance, UPL, Jio Fin
Stocks to Watch on February 29, 2024: Under the NSE index rejig, Shriram Finance will replace UPL in the Nifty50 index with effect from March 28, 2024
 "Stocks to watch: Reliance, Coal India, BHEL, Shriram Finance, UPL, Jio Fin")
Nifty Auto index seen in downtrend, Energy range-bound; suggest charts
According to Ravi Nathani, an independent technical analyst, the Nifty Auto index can dip to 20,200 and 19,850 levels in the near term.
 "Nifty Auto index seen in downtrend, Energy range-bound; suggest charts")