Page 1123 - Markets News
Sensex, Nifty dip 1% as RBI keeps repo rates unchanged for the sixth time
RBI Governor Shaktikanta Das said that it was premature to talk about rate cuts until there's evidence inflation will be kept firmly around the target level
 "Sensex, Nifty dip 1% as RBI keeps repo rates unchanged for the sixth time")
LIC surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn
LIC with a market cap of Rs 7.24 trillion overtook Infosys to break into the top-5 club; Stock has gained 38 per cent in the last one month.
 "LIC surges 10%; storms into top-5 most-valued club as m-cap tops Rs 7 trn")
Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore
The US-based Warburg Pincus through its arm Highdell Investment Ltd sold shares of Kalyan Jewellers India on the National Stock Exchange (NSE) and the BSE
 "Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore")
Sebi tweaks pricing method for institutional placement by private InvITs
Under the new guidelines, privately placed InvITs can undertake institutional placement based on net asset value (NAV) of InvIT's assets
 "Sebi tweaks pricing method for institutional placement by private InvITs")
Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding
Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity
 "Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding")
Rupee settles on flat note at 82.96 after RBI monetary policy decision
Forex traders said a negative trend in domestic equities weighed on investor sentiments
 "Rupee settles on flat note at 82.96 after RBI monetary policy decision")
RBI policy, selling in ITC drag Sensex 724 pts, Nifty near 21,700
Stock market highlights on February 8, 2024: The Nifty PSU bank index climbed 2 per cent, while the Nifty Private Bank index fell 2.5 per cent. Individually, Paytm, and ITC crashed up to 10 per cent
 "RBI policy, selling in ITC drag Sensex 724 pts, Nifty near 21,700")
ITC hits over 8-month low, slips 5% as BAT mulls partial stake sale
The company's largest shareholder, British American Tobacco (BAT) holds 29.03 per cent stake in ITC
 "ITC hits over 8-month low, slips 5% as BAT mulls partial stake sale")
HDFC Bank, Axis Bank: Why banks have taken a beating post the RBI policy?
A status quo on interest rate meant lenders may have to either hold or raise rates further in a bid to mobilise higher deposits
 "HDFC Bank, Axis Bank: Why banks have taken a beating post the RBI policy?")
Rate sensitive shares trade mixed post RBI policy; SBI surges 6%
The Reserve Bank of India's Monetary Policy Committee (RBI MPC) on Thursday decided to keep the repo rate unchanged at 6.5 per cent for the sixth consecutive time.
 "Rate sensitive shares trade mixed post RBI policy; SBI surges 6%")
Trent rallies 27% in two days, hits new high on stellar Q3 results
The brokerage firm Motilal Oswal Financial Services has reiterated a 'buy' rating on the stock with a target price of Rs 4,200.
 "Trent rallies 27% in two days, hits new high on stellar Q3 results")
This bank has zoomed over 90% in 4 weeks; became 2nd most valuable PSB
With a market cap of Rs 1.43 trillion, IOB currently stands ahead of Punjab National Bank (Rs 1.38 trillion) and Bank of Baroda (Rs 1.29 trillion).
 "This bank has zoomed over 90% in 4 weeks; became 2nd most valuable PSB")
Lupin soars 7%, trades at highest level since Aug 2016 on strong Q3 results
The company's profit jumped nearly 300 per cent to Rs 613 crore for the December 2023 quarter from a year ago period.
 "Lupin soars 7%, trades at highest level since Aug 2016 on strong Q3 results")
Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP
Stocks to Watch on Thursday, February 8: Shares of banking and finance, auto, housing, and real estate will be in focus as the Reserve Bank of India is set to announce the decision of it's MPC meeting
 "Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP")
Nifty Energy, Pharma: Trading strategies for indices in overbought zone
A trade below 37,968 could prompt a stop-loss trigger for bullish positions on the Nifty Energy index, says Ravi Nathani, an independent technical analyst.
 "Nifty Energy, Pharma: Trading strategies for indices in overbought zone")
Sebi mulls relaxation in timelines for FPIs' material change disclosures
The regulator also suggested a framework for providing flexibility to FPIs in dealing with their securities after expiry of their registration
Sebi proposes ways for deregistered offshore funds to dispose of securities
A discussion paper is the first step taken by the Securities and Exchange Board of India (SEBI) before it finally changes its rules for market entities
Stock markets settle flat in volatile trade ahead of RBI's rate decision
The 30-share BSE Sensex declined 34.09 points or 0.05 per cent to settle at 72,152. During the day, it hit a high of 72,559.21 and a low of 71,938.22
 "Stock markets settle flat in volatile trade ahead of RBI's rate decision")
Mankind Pharma promoters to divest 1.62% stake to comply with Sebi norms
The current aggregate promoter and promoter group shareholding as on February 7 is 76.50 per cent of the total paid-up equity share capital of the company
 "Mankind Pharma promoters to divest 1.62% stake to comply with Sebi norms")
Nykaa Q3 review: Analysts cut Ebitda estimates on weak discretionary demand
Nykaa stock outlook: Q3FY24 Ebitda missed forecasts as weak demand weighed across line items
 "Nykaa Q3 review: Analysts cut Ebitda estimates on weak discretionary demand")