Page 1133 - Markets News
Strong showing: Markets end year of records on a high, Nifty rises 29%
Despite the recent selloff, the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained 70 per cent and 60 per cent, respectively
 "Strong showing: Markets end year of records on a high, Nifty rises 29%")
Sebi cancels merchant bank registration of Karvy Investor Services
In April 2023, Sebi barred Karvy Investor Services from taking new clients for allegedly violating regulatory norms
 "Sebi cancels merchant bank registration of Karvy Investor Services")
Strong global cues lift domestic markets; Nifty, Sensex rise 0.9% each
The expiry of derivatives contracts also added to the volatility
 "Strong global cues lift domestic markets; Nifty, Sensex rise 0.9% each")
ICICI Securities receives approval of shareholders for delisting
Brokerage will now become wholly-owned subsidiary of ICICI Bank again after six years
 "ICICI Securities receives approval of shareholders for delisting")
Valuation concerns likely to limit gains for The Phoenix Mills stock
Analysts believe the company's growth trajectory remains intact, but current valuations imply that near-term growth prospects are priced in
 "Valuation concerns likely to limit gains for The Phoenix Mills stock")
This jewellery stock has zoomed over 300% in last 10 months on firm outlook
In the past 10 months, the market value of Kalyan Jewellers has jumped over four-fold or 305 per cent from a level of Rs 105.65 amid strong financial performance
 "This jewellery stock has zoomed over 300% in last 10 months on firm outlook")
Bajaj Finance surges 13% in 2 weeks; Here's what is fueling the rally
As per reports, the company is planning an IPO of its housing finance arm, Bajaj Housing Finance (BHFL) at a valuation of Rs 80,000-85,000 crore.
 "Bajaj Finance surges 13% in 2 weeks; Here's what is fueling the rally")
Adani family invests Rs 6,661 crore in Ambuja Cements via warrants
The latest fund infusion will take Adani family stake in the cement co to 66.7 per cent
 "Adani family invests Rs 6,661 crore in Ambuja Cements via warrants")
T+0 settlement kick starts today: Exchanges witness token trades on day 1
Sebi has directed stock exchanges or depositories to disseminate the list of brokers that will be participating in the beta version of T+0 settlement on a periodic basis
 "T+0 settlement kick starts today: Exchanges witness token trades on day 1")
Karnataka Bank raises Rs 600 cr through qualified institutional placement
The institutions which bought shares in QIP include HSBC Mutual Fund, Morgan Stanley Asia Singapore PTE, HSBC Global Investment Funds, SBI Life Insurance Company, Franklin India Smaller Companies Fund
 "Karnataka Bank raises Rs 600 cr through qualified institutional placement")
Nifty rises 1,194 points to end FY24 on bullish note, Sensex jumps 655 pts
Extending its previous day's rally, the 30-share index jumped 655.04 points or 0.90 per cent to settle at 73,651.35. During the day, it zoomed 1,194 points or 1.63 per cent to 74,190.31
 "Nifty rises 1,194 points to end FY24 on bullish note, Sensex jumps 655 pts")
Strong economy, steady inflows power Nifty to best fiscal since 2021
India's growth has also outpaced its Asian peers, with the domestic economy speeding towards growth of 7.6% in fiscal 2024, the fastest among large economies
 "Strong economy, steady inflows power Nifty to best fiscal since 2021")
Sensex ends 655 pts higher, Nifty reclaims 22,300; SBI, Bajaj twins shine
Market wrap on March 28, 2024: In the process, the BSE Sensex ended FY24 with a gain of 25 per cent, while the NSE Nifty 50 zoomed almost 29 per cent.
 "Sensex ends 655 pts higher, Nifty reclaims 22,300; SBI, Bajaj twins shine")
Sensex zooms 1200 pts intra-day, Nifty tops 22500; reasons behind the rally
The S&P BSE Sensex rallied nearly 1,000 points as it touched an intra-day high of 73,984 on Thursday. The NSE Nifty50 hit a high of 22,467.
 "Sensex zooms 1200 pts intra-day, Nifty tops 22500; reasons behind the rally")
110 stocks from BSE 500 index more-than-doubled in FY24
The BSE 500 index zoomed 39 per, while Sensex was up 25 per cent in FY24. IRFC was the top gainer, up 439% followed by Suzlon and HUDCO.
 "110 stocks from BSE 500 index more-than-doubled in FY24")
Astra Microwave Products rallies 14% on winning Rs 386 cr order from BEL
According to analysts, the company's revenue growth is expected to be steady with an operating margin of around 19-21%, supported by a healthy order pipeline and improving geographical mix.
 "Astra Microwave Products rallies 14% on winning Rs 386 cr order from BEL")
ICICI Securities slips 4% as shareholders approve dislisting plans
ICICI Securities experienced a 4.1 per cent decline at Rs 710 in early trading, while ICICI Bank witnessed a 1.3 per cent increase
 "ICICI Securities slips 4% as shareholders approve dislisting plans")
VIP Industries surges 13% after management unveils plans for FY25
VIP Industries was trading 12.5 per cent higher at Rs 523.65, as compared to 0.8 per cent gain in the S&P BSE Sensex
 "VIP Industries surges 13% after management unveils plans for FY25")
Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24
4 out of the Nifty50 stocks zoomed over 100 per cent in FY24; as per technical charts, here's are the key levels that should be closely monitored.
 "Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24")
Shares of chemicals firm PCBL shoot up 5% on warrant issue worth Rs 488 cr
Phillips Carbon Black Limited's stock was trading 4.73 per cent higher at Rs 277 in early trade
 "Shares of chemicals firm PCBL shoot up 5% on warrant issue worth Rs 488 cr")