Page 1130 - Markets News
Ram Temple consecration: Stock and money markets to be shut today
In a circular, the NSE said the currency derivative segment would remain closed on January 22
 "Ram Temple consecration: Stock and money markets to be shut today")
FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan: Data
Besides, FPIs were big sellers in other emerging markets such as Taiwan, South Korea and Hong Kong
 "FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan: Data")
Hedge funds bring in record profits betting on 'catastrophe' bonds
Behind those record returns were bold bets on catastrophe bonds and other insurance-linked securities
 "Hedge funds bring in record profits betting on 'catastrophe' bonds")
Street Signs: A case for PSU share sales, Nova Agri GMP at 50%, and more
The promoter shareholding in Jio Financial Services, a unit spun off from Reliance Industries, has edged higher for a second straight quarter
 "Street Signs: A case for PSU share sales, Nova Agri GMP at 50%, and more")
Saturday blues: Exchanges see 30% drop in trading volumes, shows data
Market players said muted participation from institutional investors weighed on the activity, with several counters logging muted volumes
 "Saturday blues: Exchanges see 30% drop in trading volumes, shows data")
Nifty50 may see one change, Next50 seven in March rejig, shows data
The cutoff date for calculating the changes to various Nifty indices is January 31. The index provider typically announces the outcome of the rebalancing exercise during the second half of February
 "Nifty50 may see one change, Next50 seven in March rejig, shows data")
Quarterly earnings, global trends to guide mkts in holiday-shortened week
It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya
 "Quarterly earnings, global trends to guide mkts in holiday-shortened week")
Mcap of top 5 valued firms erode by Rs 1.67 trn, HDFC Bank biggest laggard
The market valuation of HDFC Bank eroded by Rs 1,22,163.07 crore to Rs 11,22,662.76 crore
 "Mcap of top 5 valued firms erode by Rs 1.67 trn, HDFC Bank biggest laggard")
Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar
Stock market highlights on January 20, 2024: Among sectors, the Nifty IT, and FMCG indices fell 1 per cent each, while the Nifty PSU bank index added 1.9 per cent
 "Sensex falls 260 pts in fag-end, Nifty holds 21,550; FMCGs crack, PSBs soar")
At 6 trn, LIC m-cap surpasses HUL, ITC; stock hits all-time high, surge 5%
LIC stock news: In the past one month, the market price of LIC has zoomed 25 per cent as compared to less than 2 per cent gain in the benchmark index
 "At 6 trn, LIC m-cap surpasses HUL, ITC; stock hits all-time high, surge 5%")
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")