Page 1108 - Markets News
HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap
Shares of HDFC Bank hit a 52-week low of Rs 1,363.45, down 2%, falling below its previous low of Rs 1,382.40 touched on January 24.
 "HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap")
Stock of this specialty chemicals company has zoomed 46% in last three days
Shares of Jubilant Industries hit a record high as they remained locked in the 20 per cent upper circuit on the BSE in Wednesday's intra-day trade in an otherwise weak market
 "Stock of this specialty chemicals company has zoomed 46% in last three days")
Capital Small Finance Bank lists on a tepid note; dips 8% below issue price
The stock listed at Rs 430.05, 8 per cent below its issue price of Rs 468 per share on the National Stock Exchange.
 "Capital Small Finance Bank lists on a tepid note; dips 8% below issue price")
IT hardware distributor Rashi Peripherals lists 9% higher over issue price
Post listing, the stock hit a high of Rs 340 and a low of Rs 320.05 on the BSE. At 10:01 am; Rashi Peripherals was trading at Rs 334, up 7.5 per cent over its issue price
 "IT hardware distributor Rashi Peripherals lists 9% higher over issue price")
Jana Small Finance Bank makes weak debut; lists 4% below issue price
The Rs 570-crore initial public offer (IPO) was subscribed 19.89 times, with steady demand across investor categories.
 "Jana Small Finance Bank makes weak debut; lists 4% below issue price")
Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday
Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.
 "Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday")
Here's how to plan your trades in Nifty IT, Auto indices
According to Ravi Nathani, an independent technical analyst, the Nifty IT index seems range-bound on charts, while auto in a declining trend.
 "Here's how to plan your trades in Nifty IT, Auto indices")
Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?
The index had slipped below the 50-DMA back in November 2023, too, but recovered.
 "Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?")
Portfolio management service schemes outperform in January, shows data
The analysis considered 97 schemes which have the Nifty 50 Total Returns Index as its benchmark. Around 73 outperformed in January
 "Portfolio management service schemes outperform in January, shows data")
Sebi cautions investors against unregistered cos promising assured returns
Capital markets regulator Sebi on Tuesday cautioned investors against placing money with unregistered entities promising assured or exceptionally high returns on investments.
 "Sebi cautions investors against unregistered cos promising assured returns")
Paytm hits new low, falls 10% after Macquarie slashes target to Rs 275
Macquarie sharply cut the target price to Rs 275 from Rs 650, driven by a reduction in revenues across various segments
 "Paytm hits new low, falls 10% after Macquarie slashes target to Rs 275")
RIL becomes 1st Indian co to hit Rs 20 trn m-cap; stock up 29% in 3 months
In the past three months, the RIL stock has surged 29 per cent, outperforming the Sensex (which is up 10 per cent), amid renewed optimism around its growth prospects
 "RIL becomes 1st Indian co to hit Rs 20 trn m-cap; stock up 29% in 3 months")
Investors subscribe Entero Healthcare IPO 1.53 times on final day of offer
The category for Qualified Institutional Buyers (QIBs) got subscribed 2.28 times, while the quota for Retail Individual Investors (RIIs) received 1.33 times subscription
 "Investors subscribe Entero Healthcare IPO 1.53 times on final day of offer")
Markets rebound as inflation eases; Sensex ends 483 points higher
The Sensex ended at 71,555, gaining 483 points, or 0.7 per cent while the Nifty ended at 21,743, with a gain of 127 points or 0.6 per cent
 "Markets rebound as inflation eases; Sensex ends 483 points higher")
Rupee settles flat at 83 against US dollar, touches intraday high of 82.98
The rupee settled flat at 83 against the US dollar on Tuesday, as the support from a rally in domestic equities was negated by a strong greenback overseas and rising crude oil prices.
 "Rupee settles flat at 83 against US dollar, touches intraday high of 82.98")
Sensex ends choppy session 483 pts up; banks, IT stocks rally, metals slide
Stock market updates on February 13, 2024: In the broader markets, indices swung between zones with the BSE MidCap and SmallCap indices, eventually, closing 0.6% and 0.18% up, respectively
 "Sensex ends choppy session 483 pts up; banks, IT stocks rally, metals slide")
This recently listed IPO has slipped 49% from high, dips below issue price
Shares of Flair Writing Industries hit a record low of Rs 264.65 as they were locked in the 10-per cent lower circuit on the BSE on Tuesday
 "This recently listed IPO has slipped 49% from high, dips below issue price")
Trading at India's MCX resumes after 4-hour delay due to technical snag
MCX is primarily a venue to trade gold, silver, crude oil and base metal futures contract in India, a leading importer of these commodities
 "Trading at India's MCX resumes after 4-hour delay due to technical snag")
Hindalco tanks 15% post Novelis December quarter results
Novelis has significantly increased its planned capex spends for its green field expansion at Bay Minette plant from $2.7-2.8 billion to $4.1 billion.
 "Hindalco tanks 15% post Novelis December quarter results")
MSCI February Rejig: NMDC, PNB, BHEL, Union Bank, GMR Airports make the cut
MSCI said that Punjab National Bank and Union Bank are among the three largest additions to the MSCI Emerging Markets Index in terms of full company market capitalization
 "MSCI February Rejig: NMDC, PNB, BHEL, Union Bank, GMR Airports make the cut")