Page 1112 - Markets News
TRF zooms 20%, Tata Steel nears record high on calling off merger plan
In the past two trading days, the stock of the Tata Group firm has zoomed 29 per cent. Currently, it is trading at its highest level since September 2022
 "TRF zooms 20%, Tata Steel nears record high on calling off merger plan")
These stocks command market-cap of over Rs 15 trn each. Can they rise more?
As per the technical charts, Reliance and TCS seem placed favourably on the charts; hence, the stocks could see further gains in the coming trading sessions.
 "These stocks command market-cap of over Rs 15 trn each. Can they rise more?")
This Rekha Jhunjhunwala-owned share nears Rs 1 trn mcap; plans stock split
Shares of Canara Bank hit multi-year high at Rs 550.50, as they rallied 6 per cent after the lender said its board will meet on February 26 to consider stock split.
 "This Rekha Jhunjhunwala-owned share nears Rs 1 trn mcap; plans stock split")
SBI rallies 3%, hits all-time high on positive medium-term outlook
SBI news: Among PSU banks, SBI has a healthy provision coverage ratio (PCR), adequate capitalisation, a strong liability franchise, and an improving asset quality outlook
 "SBI rallies 3%, hits all-time high on positive medium-term outlook")
Stocks to Watch today, Feb 7: Nykaa, ONGC, UPL, Britannia, Biocon, Paytm
Stocks to Watch on Wednesday, February 7, 2024: The parent company of Nykaa nearly doubled its consolidated net profit to Rs 16.2 crore during Q3FY24
 "Stocks to Watch today, Feb 7: Nykaa, ONGC, UPL, Britannia, Biocon, Paytm")
Nifty likely to face resistance in 21,970-22,125 band: HDFC Securities
Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy NCC and Sonata Software for up to 18 per cent upside.
 "Nifty likely to face resistance in 21,970-22,125 band: HDFC Securities")
Nifty IT, Auto Indices: Look bullish on charts, await dips to enter
According to Ravi Nathani, an independent technical analyst, the Nifty IT index may face resistance around 38,380 and 39,360; while hurdle for the Auto index is placed at 20,450.
 "Nifty IT, Auto Indices: Look bullish on charts, await dips to enter")
FPI allocation to financial stocks declines below 30%, shows data
The selling comes on the back of third quarter (3QFY24) earnings missed by HDFC Bank, Bajaj Finance, and Axis Bank. FPIs also pulled out over Rs 2,000 crore amid earnings miss by Hindustan Unilever
 "FPI allocation to financial stocks declines below 30%, shows data")
Demat addition, trading turnover point to robust investor sentiment
Activity underpinned by buoyancy in underlying secondary as well as the primary markets
 "Demat addition, trading turnover point to robust investor sentiment")
HPCL, BPCL, IOCL: Here's why Morgan Stanley thinks OMC stocks can flare up
The S&P BSE Oil & Gas index has been an outperformer, surging nearly 20 per cent in CY24 as compared to the S&P BSE Sensex that has lost around 1 per cent during this period, shows data
 "HPCL, BPCL, IOCL: Here's why Morgan Stanley thinks OMC stocks can flare up")
Sebi issues guidelines for returning draft document of public issues
Sebi has asked to avoid legal and technical terminology and also directed to clarify technical and complex terms used to explain the business of the issuer company in the document
 "Sebi issues guidelines for returning draft document of public issues")
'Around 27% finfluencer content sponsored,' shows research by CFA Institute
Last year, Sebi floated a proposal to restrict mutual funds, stock brokers, and other registered intermediaries from associating with finfluencers
 "'Around 27% finfluencer content sponsored,' shows research by CFA Institute")
Sensex surges 455 pts, Nifty tops 21,900; IT index jumps 3%, YES Bank 12%
Stock market highlights on February 6, 2024: The Nifty Auto, Metal, and Pharma added over 1 per cent each
 "Sensex surges 455 pts, Nifty tops 21,900; IT index jumps 3%, YES Bank 12%")
India to remain on alert for 'hot money' after bond index inclusion
The aim will be to "prevent volatility or volatile inflows" but "never" to restrict outflows, Somanathan said, adding that "all possibilities are open to keep volatility in check.
 "India to remain on alert for 'hot money' after bond index inclusion")
This PSU stock hit over 13-year high on Feb 6; zooms over 100% in 3 weeks
IFCI news: Shares of IFCI hit an over 13-year high of Rs 65.28, freezing at 5 per cent upper circuit on the BSE on Tuesday
 "This PSU stock hit over 13-year high on Feb 6; zooms over 100% in 3 weeks")
ChrysCapital looking to raise $300 million to maintain stake in NSE
Depending on how many investors opt in, ChrysCapital is expected to collect between $250 million and $300 million for the fund
TCS rallies 4%, hits lifetime high; market cap crosses Rs 15 trillion
In past one month, TCS has outperformed the market by surging 12 per cent on encouraging deal wins during October-December quarter (Q3FY24).
 "TCS rallies 4%, hits lifetime high; market cap crosses Rs 15 trillion")
Paytm rebounds 19% from record low amid heavy volumes
The stock hit a new low at Rs 395.50 in intra-day deals on Tuesday, and then rebounded into the positive zone for the first time in last four trading days.
 "Paytm rebounds 19% from record low amid heavy volumes")
BLS E-Services makes robust debut; zooms 140% over its issue price
The Rs 311 crore Initial Public Offer (IPO) of BLS E-Services had received a whopping 162.38 times subscription.
 "BLS E-Services makes robust debut; zooms 140% over its issue price")
LIC tops Rs 1,000-mark; Can rally another 13% suggests tech chart
The stock has rallied over 67 per cent since late November, and looks to be favourably placed on multiple time-frames as per the technical charts.
 "LIC tops Rs 1,000-mark; Can rally another 13% suggests tech chart")