Page 1131 - Markets News
South Indian Bank shares sink 7% post Q4 business update
Last month, the Reserve Bank of India had asked South Indian Bank to not enroll new customers for its co-branded products till regulatory requirements are complied with
 "South Indian Bank shares sink 7% post Q4 business update")
BEL soars 5%, hits new high on record turnover in FY24, strong order book
Shares of Bharat Electronics (BEL) hit a new high of Rs 221.40 on the BSE in Tuesday's intra-day trade amid heavy volumes
 "BEL soars 5%, hits new high on record turnover in FY24, strong order book")
Adani Ports rallies 4%; market cap hits Rs 3 tn on strong cargo volumes
In the past two trading days, the stock of Adani Group company has surged 6 per cent. It was quoting higher for the eight straight days, soaring 15 per cent during this period
 "Adani Ports rallies 4%; market cap hits Rs 3 tn on strong cargo volumes")
Aditya Birla Fashion zooms 15% on plan to demerge Madura Fashion business
The company has authorised the management to evaluate vertical demerger of Madura Fashion & Lifestyle business from ABFRL into a separate listed company
 "Aditya Birla Fashion zooms 15% on plan to demerge Madura Fashion business")
Ireda hits 5% upper circuit on record loan sanctions, disbursements in FY24
Ireda said it recorded the highest-ever loan sanctions worth Rs 37,354 crore in FY24, while loan disbursements stood at Rs 25,089 crore
 "Ireda hits 5% upper circuit on record loan sanctions, disbursements in FY24")
Inclusion in key global bond indices boosts money flows into India
Corporate bonds have also benefited from flows into government debt as the former is largely priced off sovereign notes
 "Inclusion in key global bond indices boosts money flows into India")
Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL
Stocks to Watch on Tuesday, April 2, 2024: The Board of Aditya Birla Fashion and Retail has authorised to evaluate the vertical demerger of Madura Fashion business into a separate listed entity
 "Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL")
Investors unwinding from strategy of 'buy India, sell China' stocks trade
The nascent swing highlights how funds are starting to buy into the narrative that China's policy support will be enough to revive growth
 "Investors unwinding from strategy of 'buy India, sell China' stocks trade")
Nifty PSU Bank, Fin Services trading in narrow band; check key levels here
According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index is trapped in 21,280-21,125 band.
 "Nifty PSU Bank, Fin Services trading in narrow band; check key levels here")
Prestige Estate Projects soars over 9% on securing landmark funding
Prestige Group has inked a landmark deal with Abu Dhabi Investment Authority (ADIA) and Kotak AIF for Rs 2,001 crore investment.
 "Prestige Estate Projects soars over 9% on securing landmark funding")
China's stock correlation with India reaches record all-time low
The Chinese gauge has more than doubled gains in the Indian measure since February with a push from Beijing's stimulus, while India's rally has cooled on valuation concerns
 "China's stock correlation with India reaches record all-time low")
Sebi launches SCORES 2.0 to enhance investors' complaint redressal system
SEBI Complaint Redress System (SCORES) is an online system where investors in the securities market can lodge their complaints through web URL and an app. It was launched in June 2011
 "Sebi launches SCORES 2.0 to enhance investors' complaint redressal system")
Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25
The broader indices, the Nifty MidCap and SmallCap need to sustain above 48,000 and 7,100 levels, in order to reverse the recent negative sentiment at the counters, suggests technical charts.
 "Sensex can hit 77,000, Nifty 23,500 as bull-run to continue in FY25")
Equity market returns to 'normalise' this fiscal year, says Canara Robeco
Canara Robeco Mutual Fund manages around 880 billion rupees ($10.55 billion) of Indian equities
 "Equity market returns to 'normalise' this fiscal year, says Canara Robeco")
Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%
Stock market highlights on Monday, April 01: Among sectors, the Nifty Media index jumped 4.7 per cent, the Nifty Metal 3.62 per cent, and the Nifty Realty 4.21 per cent
 "Sensex zooms 363 pts on 1st day of FY25, Nifty tops 22,450; SmallCap index rallies 3%")
Small-cap fertiliser stock leaps 20% on first day of FY25; here's why
The stock of Best Agrolife more-than-halved, dropping 55 per cent, on the BSE during the previous fiscal year
 "Small-cap fertiliser stock leaps 20% on first day of FY25; here's why")
HAL soars 3%, hits 52 week high on highest ever revenue from operations
Shares of Hindustan Aeronautics Limited soared 2.80 per cent at Rs 3,420 a piece on Monday after the company declared a 11 per cent growth in operating revenue in financial year 2024
 "HAL soars 3%, hits 52 week high on highest ever revenue from operations")
Globus Spirits zooms 11% as co commissions additional capacity at two units
The company commenced commercial production of additional capacity at two of its existing units located in Jharkhand, and West Bengal
 "Globus Spirits zooms 11% as co commissions additional capacity at two units")
Torrent Power leaps 8% on winning order worth Rs 1,825 crore
The renewable energy project will be commissioned within 24 months from the signing of Power Purchase Agreement (PPA), and will supply power at a tariff of Rs 3.65 per kWh
 "Torrent Power leaps 8% on winning order worth Rs 1,825 crore")
JSW Steel zooms 5% on commissioning hot strip mill at its Vijayanagar plant
Shares of steel major JSW Steel soared 4.70 per cent at Rs 870.45 a piece on Monday after the company's subsidiary increased steel capacity, integrating a new mill into its fold
 "JSW Steel zooms 5% on commissioning hot strip mill at its Vijayanagar plant")