Page 1121 - Markets News
ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates
Analysts expect the stock to remain muted in the near-term given a weaker overall environment
 "ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates")
EPACK Durable lists at 4% discount to issue price on NSE
Post listing, the stock price of household appliances company fell to Rs 211.20, down 8 per cent when compared to its issue price of Rs 230 per share.
 "EPACK Durable lists at 4% discount to issue price on NSE")
Stocks to watch on Jan 30: ITC, Bajaj Finance, Epack, Vi, NTPC, Havells
Stocks to watch on January 30, 2024: Epack Durable will make its market debut today. The issue price is fixed at Rs 230
 "Stocks to watch on Jan 30: ITC, Bajaj Finance, Epack, Vi, NTPC, Havells")
Nifty Bank rangebound on charts in near-term: Check levels to watch out
A detailed analysis indicates a trading range between 46,050 on the upper side and 44,430 on the lower side, as per Ravi Nathani
 "Nifty Bank rangebound on charts in near-term: Check levels to watch out")
Global factors, not 2024 Lok Sabha elections, worry fund managers
High interest rates and expectations of domestic investors are top concerns, they said at Business Standard BFSI Insight Summit 2023
 "Global factors, not 2024 Lok Sabha elections, worry fund managers")
Mid, Smallcap indices stay afloat in a choppy January; analysts cautious
The BSE Midcap and Smallcap indices have gained up to 4 per cent this month, as of Jan 25, while the benchmark BSE Sensex has declined over 2 per cent.
 "Mid, Smallcap indices stay afloat in a choppy January; analysts cautious")
Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion
Robust retail, oil and gas performance, steady digital services drive company's earnings growth
 "Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion")
Market regulator Sebi considers tighter norms for proprietary trades
Markets regulator plans to make Industry Standards Forum a permanent feature
 "Market regulator Sebi considers tighter norms for proprietary trades")
Analysts downgrade SBI Card as poor asset quality, rising costs bite in Q3
SBI Card share price: Shares of the credit card arm of State Bank of India (SBI) tanked 6.5 per cent to Rs 710.5 per share on the BSE in Monday's intraday trade
 "Analysts downgrade SBI Card as poor asset quality, rising costs bite in Q3")
Dalal Street investors become richer by Rs 6 trillion as markets rally
The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22
 "Dalal Street investors become richer by Rs 6 trillion as markets rally")
Brokers, traders differ on proposal to extend derivatives trading: Sebi
Brokers will firm up their opinion on the matter in a couple of months, after which investors will be consulted, Madhabi Puri Buch said at a brokers' forum in Mumbai
 "Brokers, traders differ on proposal to extend derivatives trading: Sebi")
Rupee ends little changed as focus turns to Budget, US Fed decision
The rupee closed at 83.1325 against the U.S. dollar, barely changed from its close at 83.1150 in the previous session
 "Rupee ends little changed as focus turns to Budget, US Fed decision")
Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%
Stock market highlights on Monday, January 29: Tata Motors (up 3.7 per cent), Power Grid, L&T, NTPC, Kotak Bank, Ultratech Cement, Titan, Sun Pharma, Axis Bank, and HDFC Bank were other top gainers
 "Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%")
Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29
Stock market highlights on January 29: The frontline S&P BSE Sensex index soared 1,309 points in the intraday trade to hit a high of 72,010 levels
 "Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29")
Statsguru: How India fares in stock mkt metrics after overtaking Hong Kong
Investors were willing to buy Hong Kong-listed shares at 21 times their earnings in March 2019. This price-to-earnings ratio fell to under 15 by the end of 2023
 "Statsguru: How India fares in stock mkt metrics after overtaking Hong Kong")
505 BSE stocks locked in upper circuits; Shakti Pumps, HPIL, BPL zoom 20%
IFCI, MSTC, Texmo Pipes & Products, Punjab Communications, Jindal Photo and Manaksia Steels are among 17 stocks has frozen 10 per cent circuit on the BSE
 "505 BSE stocks locked in upper circuits; Shakti Pumps, HPIL, BPL zoom 20%")
Adani Ports, Power: Charts suggest up to 23% upside for these Adani stocks
Over the last one year, select Adani Group stocks such as Adani Power, Adani Green, Adani Enterprises and Adani Ports have zoomed up to 300 per cent from their February 2023 lows.
 "Adani Ports, Power: Charts suggest up to 23% upside for these Adani stocks")
Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7%
Adani Total Gas, Adani Power, Adani Ports and Special Economic Zone, Adani Green Energy and Ambuja Cements are up 3% to 5%.
AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results
The bank's Gross Non-Performing Assets (GNPAs) rose to 1.98 per cent in Q3FY24 from 1.81 per cent in Q3FY23 and 1.91 in Q2FY24
 "AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results")
HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%
LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025
 "HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%")