Page 1116 - Markets News
Paytm dips 20% post RBI move; brokerages see more downside going ahead
The RBI has restricted PPBL from taking fresh deposits and credit transactions across its services due to non-compliance of regulations and supervisory concerns
 "Paytm dips 20% post RBI move; brokerages see more downside going ahead")
India's big yr for bonds starts with best Jan since 2019 on foreign inflows
The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion
 "India's big yr for bonds starts with best Jan since 2019 on foreign inflows")
Stocks to watch on Budget day: Paytm, Godrej Consumer, Infra, rail, PSUs
Stocks to watch on February 1, 2024: Paytm expects an impact of Rs 300-500 crore to its annual EBITDA from the RBI's action on Paytm Payments Bank
 "Stocks to watch on Budget day: Paytm, Godrej Consumer, Infra, rail, PSUs")
Nifty Auto near overbought zone, Nifty IT seen rangebound: Check key levels
The identified resistance levels for Nifty Auto are anticipated around 19,350 and 19,550
 "Nifty Auto near overbought zone, Nifty IT seen rangebound: Check key levels")
Equity markets up by 1% ahead of Budget, US Fed interest rate decision
Reclaiming all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86 per cent to settle at 71,752.11. During the day, it zoomed 711.49 points or 1 per cent to 71,851.39
 "Equity markets up by 1% ahead of Budget, US Fed interest rate decision")
Front-running case: Sebi bans 7 cos from securities market for up to 3 yrs
Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to clients
 "Front-running case: Sebi bans 7 cos from securities market for up to 3 yrs")
Equity markets tread K-shaped path, India's mcap to touch Rs 380 trn
Meanwhile, the broader markets showed no signs of cooling off despite concerns about frothy valuations
 "Equity markets tread K-shaped path, India's mcap to touch Rs 380 trn")
Overseas funds pullout exceeds $3 bn in Jan amid geopolitical uncertainty
Highest in 12 months as rising bond yields trigger risk-off bets
 "Overseas funds pullout exceeds $3 bn in Jan amid geopolitical uncertainty")
Sebi bans individual from securities markets for unregistered PMS business
The regulator also directed Sanbun Investments, its proprietor Nishaan Singh (Noticee) to cease and desist from acting as or holding himself out to be a portfolio manager
 "Sebi bans individual from securities markets for unregistered PMS business")
Rupee rises 6 paise to close at 83.04 against US dollar on strong sentiment
The rupee appreciated 6 paise to 83.04 (provisional) against the US dollar on Wednesday, supported by a firm trend in domestic equities.
 "Rupee rises 6 paise to close at 83.04 against US dollar on strong sentiment")
Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain
Stock market highlights on Wednesday, January 31: In the broader markets, the BSE MidCap and SmallCap indices advanced 1.57 per cent and 1.83 per cent, respectively
 "Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain")
Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes
Amara Raja Energy hit a nearly three-year high of Rs 900 with a 7 per cent gain on the back of an over two-fold jump in average trading volumes
 "Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes")
Stock of this smallcap power generation company has zoomed 123% in 3 months
Shares of KPI Green Energy were locked in the 10-per cent upper circuit at Rs 1,823.80, hitting a new high on the BSE in Wednesday's intraday trade
 "Stock of this smallcap power generation company has zoomed 123% in 3 months")
IRCTC, L&T, RVNL: How to trade rail, infra stocks ahead of Budget?
Barring IRFC, RVNL which have rallied sharply in the recent pasts, other rail-related stocks like IRCTC, Titagarh Rail Systems and RailTel could rally up to 23 per cent, suggest charts.
 "IRCTC, L&T, RVNL: How to trade rail, infra stocks ahead of Budget?")
L&T, Hero Moto, HUL, IRFC: Stocks to watch ahead of interim budget 2024
Cables and switch companies are expected to benefit from a fillip to housing construction activities and urban infrastructure, as per experts
 "L&T, Hero Moto, HUL, IRFC: Stocks to watch ahead of interim budget 2024")
Dr Reddy's rallies 4%; market cap touches Rs 1 trillion post Q3 results
With this, Dr Reddy's has become the third listed pharmaceutical company to achieve the Rs 1-trillion m-cap feat
 "Dr Reddy's rallies 4%; market cap touches Rs 1 trillion post Q3 results")
L&T sinks 7% as margins disappoint, weakness likely in order wins till June
The company's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections
 "L&T sinks 7% as margins disappoint, weakness likely in order wins till June")
PB Fintech surges 13%, hits 2-year high on first quarterly profit in Q3
The stock of a fintech company was trading at its highest level since January 2022. It had hit a record high of Rs 1,470 on November 17, 2021.
 "PB Fintech surges 13%, hits 2-year high on first quarterly profit in Q3")
Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel
Stocks to watch on January 31, 2024: Nova Agri Tech will make its debut today. The issue price is Rs 41
 "Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel")
Nifty forms dark cloud cover pattern; NCC, Maha Bank buy calls for Jan 31
Nifty has formed a bearish Dark cloud cover pattern on daily charts. It could now face resistance at 21,813 while 21,429 could offer support
 "Nifty forms dark cloud cover pattern; NCC, Maha Bank buy calls for Jan 31")