Page 1124 - Markets News

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

ICICI Bank Q3 loan book may grow 19%; asset quality seen steady: Analysts

ICICI Bank is scheduled to report its Q3FY24 results on Saturday, January 20

Railway-related stocks rally up to 18%; IRFC m-cap crosses Rs 2 trillion

RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.

OFSS, IRFC zoom up to 70% so far in 2024! Charts show more legs in rally

As many as 274 out of the Nifty 500 stocks held gains as of Jan 19, even as the benchmark BSE Sensex was down 2 per cent for the new year. Here's what charts suggest for select early movers of 2024.

Aarti Ind jumps 13% in 2 days on winning long-term contract worth Rs 6K cr

The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs 6,000 crore for the company

HUDCO rallies 14% on heavy volumes; zooms over 100% since November

Since November, the stock of the state-owned financial institution has zoomed 109 per cent

Stock of this packaged foods company has zoomed 75% in 2 months

Prataap Snacks surged 4 per cent in early deals on Thursday as reports said Haldiram's is eyeing a 51 per cent stake in the company

Rising interest rates threaten India's credit growth, pressure margins

While Samsung Electronics Co. disappointed last week, the country's chip output and shipments grew the most in years in November, reviving optimism about the outlook

Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways

Stocks to watch on Friday, January 19, 2024: Tata Steel has reportedly rejected a trade union proposal to keep the blast furnaces operational at Port Talbot Steelworks in Wales, the UK

Nifty FMCG downturn possible below 55,150; Nifty Realty to be rangebound

A prospective downturn is anticipated, contingent upon the Nifty FMCG index breaching the crucial threshold of 55150, as per Ravi Nathani

Bull Spread strategy for Lupin Jan expiry amid long build-up in futures

Oscillators like RSI and MFI are in rising mode and placed above 60 on the weekly chart, indicating strength in Lupin's share, said Nandish Shah

LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected

LTIMindtree's Q3 growth was affected by higher-than-expected furloughs and a continued slowdown in discretionary spending

Multiple headwinds ahead for ICICI Prudential Life Insurance Company

Commission expenses and expenses of management (EOM) dragged down the profitability. The net profit grew just 2.4 per cent Y-o-Y to Rs 227 crore

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

SAT refuses stay on market regulator Sebi's order against Brightcom

Sebi had also barred 21 others, including ace investor Shankar Sharma, from diluting their stakes in the company

Asian Paints needs fresh coat as margin pressures build up in markets

As competition intensifies, brokerages turn pale on paint maker's stock

Sebi issues notices to DHFL's ex-promoters in disclosure violation case

Also, the regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days, according to two separate notices

Market rally has margin trading book hitting record Rs 54,537 crore in Jan

The market rally also had the cash segment of the market jumping to a record 25 per cent in December 2023, according to an analysis by Icra Ratings

Weak earnings, fading US interest rate cut hopes drag Indian stock market

The blue-chip NSE Nifty 50 shed 0.51% to 21,462.25, while the S&P BSE Sensex lost 0.44% to 71,186.86

Sensex slips for 3rd day, dips 314 pts; OFSS up 27%, LTIMindtree tanks 11%

Stock market highlights on January 18, 2024: HDFC Bank slipped 3 per cent after falling over 8 per cent Wednesday