Page 1118 - Markets News
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
 "ChrysCapital looking to raise $300 million to maintain stake in NSE")
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")
Markets pricing in 400 seats for NDA in 2024 Lok Sabha elections: Analysts
The markets are already pricing in a victory for Modi-led National Democratic Alliance (NDA) in the upcoming general elections, and expect the alliance to achieve its 400-seat target, suggest analysts
 "Markets pricing in 400 seats for NDA in 2024 Lok Sabha elections: Analysts")
Goldman, Morgan Stanley bet on India stocks as Wall St shifts from China
Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination
 "Goldman, Morgan Stanley bet on India stocks as Wall St shifts from China")
Stocks to Watch today, Feb 6:Paytm, BLS E-Services, Adani Power, ZEE, Nykaa
Stocks to Watch on Tuesday, February 6, 2024: Paytm has denied reports about investigation or violation of foreign exchange rules
 "Stocks to Watch today, Feb 6:Paytm, BLS E-Services, Adani Power, ZEE, Nykaa")
Should you buy or sell Nifty PSU or Pvt Banks? Here's what charts recommend
According to Ravi Nathani, an independent technical analyst, the Nifty PSU index is current exhibiting a range-bound pattern; whereas Pvt Bank seems weak.
 "Should you buy or sell Nifty PSU or Pvt Banks? Here's what charts recommend")
GAIL's stronger-than-expected Q3FY24 performance may be priced in
The management claimed improved realisation was key and higher petrochemical sales, improved marketing margins, and reduced petchem costs contributed to the good performance
 "GAIL's stronger-than-expected Q3FY24 performance may be priced in")
Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform
SBI news: Union Finance Minister Nirmala Sitharaman has reportedly said the government is open to the idea of disinvestment of equity stake in blue-chip public sector undertakings, including SBI
 "Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform")
LIC soars 6%, crosses the Rs 1,000-mark for the first time ever
The stock hit a new all-time high at Rs 1,028 amid a sharp rally in public sector undertaking (PSU) stocks
 "LIC soars 6%, crosses the Rs 1,000-mark for the first time ever")
BSE Q3FY24 results: Net profit more than doubles to Rs 108.2 crore
The bourse's revenue surged to Rs 431.5 crore in the third quarter of FY24 from Rs 245 crore reported a year ago
 "BSE Q3FY24 results: Net profit more than doubles to Rs 108.2 crore")
Rupee ends weaker on dollar demand from oil firms, higher US bond yields
The rupee ended at 83.0550 against the U.S. dollar, lower by 0.17% compared to its close of 82.9175 in the previous session
 "Rupee ends weaker on dollar demand from oil firms, higher US bond yields")
Sensex drops 354 pts in fag-end, Nifty below 21,800; RIL, Airtel weigh
Stock market highlights on February 5: Among sectors, the Nifty Pharma, and Auto indices rallied over 1 per cent each
 "Sensex drops 354 pts in fag-end, Nifty below 21,800; RIL, Airtel weigh")
Does your MF scheme hold Paytm? Top 5 MF schemes with the highest holding
Mirae Asset Large Cap Fund led highest investment in Paytm at Rs 430.4 crore, which was 1.13 per cent of its total AUM
 "Does your MF scheme hold Paytm? Top 5 MF schemes with the highest holding")
This tourism finance stock nearly doubled in 1 month; Quant MF buys stake
In the past two trading days, shares of Tourism Finance Corporation of India have rallied 26% after Quant Mutual Fund bought 600,000 shares via bulk deal
 "This tourism finance stock nearly doubled in 1 month; Quant MF buys stake")
IOC, BPCL, HPCL: OMCs shares on fire post Interim Budget; check key levels
IOC is likely to trade on a bullish note as long as the stock sustains above Rs 165, suggests the daily chart.
UPL slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24
The company said revenue and margin to be impacted by global channel destocking and ongoing pricing pressure in post patent space exacerbated by higher rebates.
 "UPL slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24")
Paytm plunges 42% in 3 days; erodes nearly Rs 20,500 crore in market value
Paytm's market capitalisation has eroded by Rs 20,497 crore in 3 days, while from its all time high level of Rs 1.24 trillion, the m-cap has been wiped off by nearly Rs 1 trillion
 "Paytm plunges 42% in 3 days; erodes nearly Rs 20,500 crore in market value")