Page 1111 - Markets News
Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding
Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity
 "Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding")
Rupee settles on flat note at 82.96 after RBI monetary policy decision
Forex traders said a negative trend in domestic equities weighed on investor sentiments
 "Rupee settles on flat note at 82.96 after RBI monetary policy decision")
RBI policy, selling in ITC drag Sensex 724 pts, Nifty near 21,700
Stock market highlights on February 8, 2024: The Nifty PSU bank index climbed 2 per cent, while the Nifty Private Bank index fell 2.5 per cent. Individually, Paytm, and ITC crashed up to 10 per cent
 "RBI policy, selling in ITC drag Sensex 724 pts, Nifty near 21,700")
ITC hits over 8-month low, slips 5% as BAT mulls partial stake sale
The company's largest shareholder, British American Tobacco (BAT) holds 29.03 per cent stake in ITC
 "ITC hits over 8-month low, slips 5% as BAT mulls partial stake sale")
HDFC Bank, Axis Bank: Why banks have taken a beating post the RBI policy?
A status quo on interest rate meant lenders may have to either hold or raise rates further in a bid to mobilise higher deposits
 "HDFC Bank, Axis Bank: Why banks have taken a beating post the RBI policy?")
Rate sensitive shares trade mixed post RBI policy; SBI surges 6%
The Reserve Bank of India's Monetary Policy Committee (RBI MPC) on Thursday decided to keep the repo rate unchanged at 6.5 per cent for the sixth consecutive time.
 "Rate sensitive shares trade mixed post RBI policy; SBI surges 6%")
Trent rallies 27% in two days, hits new high on stellar Q3 results
The brokerage firm Motilal Oswal Financial Services has reiterated a 'buy' rating on the stock with a target price of Rs 4,200.
 "Trent rallies 27% in two days, hits new high on stellar Q3 results")
This bank has zoomed over 90% in 4 weeks; became 2nd most valuable PSB
With a market cap of Rs 1.43 trillion, IOB currently stands ahead of Punjab National Bank (Rs 1.38 trillion) and Bank of Baroda (Rs 1.29 trillion).
 "This bank has zoomed over 90% in 4 weeks; became 2nd most valuable PSB")
Lupin soars 7%, trades at highest level since Aug 2016 on strong Q3 results
The company's profit jumped nearly 300 per cent to Rs 613 crore for the December 2023 quarter from a year ago period.
 "Lupin soars 7%, trades at highest level since Aug 2016 on strong Q3 results")
Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP
Stocks to Watch on Thursday, February 8: Shares of banking and finance, auto, housing, and real estate will be in focus as the Reserve Bank of India is set to announce the decision of it's MPC meeting
 "Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP")
Nifty Energy, Pharma: Trading strategies for indices in overbought zone
A trade below 37,968 could prompt a stop-loss trigger for bullish positions on the Nifty Energy index, says Ravi Nathani, an independent technical analyst.
 "Nifty Energy, Pharma: Trading strategies for indices in overbought zone")
Sebi mulls relaxation in timelines for FPIs' material change disclosures
The regulator also suggested a framework for providing flexibility to FPIs in dealing with their securities after expiry of their registration
 "Sebi mulls relaxation in timelines for FPIs' material change disclosures")
Sebi proposes ways for deregistered offshore funds to dispose of securities
A discussion paper is the first step taken by the Securities and Exchange Board of India (SEBI) before it finally changes its rules for market entities
Stock markets settle flat in volatile trade ahead of RBI's rate decision
The 30-share BSE Sensex declined 34.09 points or 0.05 per cent to settle at 72,152. During the day, it hit a high of 72,559.21 and a low of 71,938.22
 "Stock markets settle flat in volatile trade ahead of RBI's rate decision")
Mankind Pharma promoters to divest 1.62% stake to comply with Sebi norms
The current aggregate promoter and promoter group shareholding as on February 7 is 76.50 per cent of the total paid-up equity share capital of the company
 "Mankind Pharma promoters to divest 1.62% stake to comply with Sebi norms")
Nykaa Q3 review: Analysts cut Ebitda estimates on weak discretionary demand
Nykaa stock outlook: Q3FY24 Ebitda missed forecasts as weak demand weighed across line items
 "Nykaa Q3 review: Analysts cut Ebitda estimates on weak discretionary demand")
Garuda Construction and Engineering files IPO draft papers to raise funds
With this, the total number of draft offer documents filed by the companies has reached 10 in this year so far
 "Garuda Construction and Engineering files IPO draft papers to raise funds")
Benchmarks end flat, MidCap index rises 1.5%; PSB, realty stocks in demand
Stock market highlights on February 7, 2024: In the broader markets, the BSE MidCap index gained over 1.48 per cent, while the BSE SmallCap index advanced 0.35 per cent
 "Benchmarks end flat, MidCap index rises 1.5%; PSB, realty stocks in demand")
YES Bank hits highest level since June 2020; stock zooms 28% in 2 days
Till 03:05 pm, a combined 1,524 million equity shares, representing 5 per cent of total equity of YES Bank, had changed hands on the NSE and BSE
 "YES Bank hits highest level since June 2020; stock zooms 28% in 2 days")
Paytm, IFCI, Reliance Power and 401 other stocks freeze at upper circuits
TRF, KIOCL, GE T&D India, Dredging Corporation of India, Azad Engineering, and Balaji Telefilms were some of the other stocks which were locked in the upper circuits of 5 per cent to 20 per cent
 "Paytm, IFCI, Reliance Power and 401 other stocks freeze at upper circuits")