Page 1123 - Markets News
Ceat extends rally for third day; surges 14% on healthy outlook
Ceat on Friday launched its new premium range of two-wheeler steel radial tyres, targeting both aftermarket and original equipment manufacturer (OEM) segments.
 "Ceat extends rally for third day; surges 14% on healthy outlook")
Ganesh Housing zooms over 50% in 4 days as Q3 net profit jumps three-fold
In Q3FY24, Ganesh Housing's profit after tax grew 232 per cent year-on-year to Rs 100.60 crore
 "Ganesh Housing zooms over 50% in 4 days as Q3 net profit jumps three-fold")
Hindustan Unilever slips 3%; hits 2-month low post December quarter results
The company said weak rural consumer sentiment and delayed winter were behind its underwhelming performance.
 "Hindustan Unilever slips 3%; hits 2-month low post December quarter results")
These 2 rail-related stocks have zoomed over 75% thus far in Jan
IRFC with market capitalisation of Rs 2.3 trillion today surpassed other state-owned companies like Power Grid Corporation (Rs 2.23 trillion), IOCL (Rs 2.11 trillion) and HAL (Rs 2.01 trillion).
 "These 2 rail-related stocks have zoomed over 75% thus far in Jan")
Stocks to Watch on Jan 20: RIL, Paytm, ICICI Bank, Prataap Snacks, RBL Bank
Stocks to Watch on Saturday, January 20, 2024: RIL, on Friday, reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit, at Rs 17,265 crore, for Q3FY24
 "Stocks to Watch on Jan 20: RIL, Paytm, ICICI Bank, Prataap Snacks, RBL Bank")
Market regulator Sebi probing three IPOs for inflating subscriptions
MUMBAI (Reuters) -India's market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received
 "Market regulator Sebi probing three IPOs for inflating subscriptions")
BFSI weighting in Nifty50 hits 7-year low as HDFC Bank stock slips
The 2019 calendar year was the high point for the BFSI sector, when its weighting in the index had risen to a record high of 40.6 per cent at the end of December
 "BFSI weighting in Nifty50 hits 7-year low as HDFC Bank stock slips")
Sebi to use in-house developed generative AI tool to clear IPO applications
The number of applications pending for one to three months was 16 and 17, respectively
 "Sebi to use in-house developed generative AI tool to clear IPO applications")
Equity markets to have normal trading session on Sat, holiday on Mon
In separate circulars, NSE and BSE said there will be a normal trading session on Saturday
 "Equity markets to have normal trading session on Sat, holiday on Mon")
Over Rs 30,000 crore AIF investments found circumventing norms: Sebi
Proposes measures to enhance trust and ease of compliance for AIFs
 "Over Rs 30,000 crore AIF investments found circumventing norms: Sebi")
Sebi to crack down on inflation of IPO subscription, spots such 3 cases
Regulator considering policy review and enforcement action against merchant bankers, says Madhabi Puri Buch
 "Sebi to crack down on inflation of IPO subscription, spots such 3 cases")
Sensex churn and change: How the index is like the Ship of Theseus
A quarter of the stocks have been replaced since 2019, marking the evolution of India's economy
 "Sensex churn and change: How the index is like the Ship of Theseus")
Ram Temple inauguration: Trading on NSE to remain closed on Jan 22
The Maharashtra government has declared January 22 as a public holiday
 "Ram Temple inauguration: Trading on NSE to remain closed on Jan 22")
IndusInd Bank drops 3% as analysts see limited near-term upside post Q3
IndusInd Bank share price: Shares of IndusInd Bank declined 4 per cent to Rs 1,550 apiece on the BSE in Friday's intraday trade after its Q3FY24 results
 "IndusInd Bank drops 3% as analysts see limited near-term upside post Q3")
BNP Paribas sells shares of two companies worth Rs 668 cr via open market
BNP Paribas, through its affiliate BNP Paribas Arbitrage, offloaded shares of private sector lenders, HDFC Bank and IndusInd Bank in two separate transactions on the BSE
Sebi mulling exemptions in AIF norms, may allow pledging of infra assets
Sebi has been consulting with the Reserve Bank of India (RBI) too, he added, to discuss the potential 'financial stability ramifications'
Rashi Peripherals raises Rs 150 cr pre-IPO from institutional investors
The round saw participation from institutional investors such as Volrado Venture Partners Fund and Madhuri Madhusudan Kela
Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday
Stock market highlights on January 19, 2024: The S&P BSE Indices will be calculated on Saturday, January 20, 2024 , which is declared as a special trading day by the exchange
 "Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday")
BSE, NSE to conduct special trading session testing disruption readiness
During the special session, all securities, including those on which derivative products are available, will have a maximum price band of 5 %
 "BSE, NSE to conduct special trading session testing disruption readiness")
Bharti Airtel hits fresh peak, soars 5% on hopes of tariff hikes in 2024
Telecom operators raised tariffs in 2019 and 2021 and analysts at BNP Paribas expect tariff hike in mid-2024 after the general elections
 "Bharti Airtel hits fresh peak, soars 5% on hopes of tariff hikes in 2024")