Page 1146 - Markets News
F&O strategy: Bull spread on Vedanta; recommends HDFC Securities
Nandish Shah of HDFC Securities recommends to Buy Vedanta 280 CALL and simultaneously sell 290 CALL of the January series.
 "F&O strategy: Bull spread on Vedanta; recommends HDFC Securities")
Expect mid-teen equity returns, no rate cut in 2024, says ABSL AMC
Economic growth, the AMC said, is expected to be led by investments
 "Expect mid-teen equity returns, no rate cut in 2024, says ABSL AMC")
Flexicap funds fail to flex muscle as schemes stick to largecap bias
Flexicap fund managers maintain over 60% allocation in largecaps consistently, say experts
 "Flexicap funds fail to flex muscle as schemes stick to largecap bias")
RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun
Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid
 "RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun")
Q3FY24 preview: Profit seen flat for HCLTech, Wipro's may drop 11% YoY
As per an average of brokerage estimates, HCLTech may post net profit of Rs 4,101 crore for Q3 versus Rs 4,096 crore reported last year
 "Q3FY24 preview: Profit seen flat for HCLTech, Wipro's may drop 11% YoY")
Reliance Ind extends rally, surges over 5% in two days; stock hits new high
RIL has outperformed the market by surging 11 per cent in the past one month, as compared to 2.6 per cent rise in the S&P BSE Sensex
 "Reliance Ind extends rally, surges over 5% in two days; stock hits new high")
2-wheeler shares rally; Hero MotoCorp surges 6%, TVS m-cap nears Rs 1 trn
Shares of Hero MotoCorp have soared 18 per cent in the past one month
 "2-wheeler shares rally; Hero MotoCorp surges 6%, TVS m-cap nears Rs 1 trn")
Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets
Kalyani Steels was declared as successful bidder for acquisition of assets of Kamineni Steel & Power India Private Limited (In Liquidation) for a cash consideration of Rs 450 crore.
 "Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets")
Polycab tanks 23% as I-T dept finds Rs 1,000-crore as unaccounted sales
Polycab India, on its part, denied any rumours of tax evasion by the company
 "Polycab tanks 23% as I-T dept finds Rs 1,000-crore as unaccounted sales")
Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%
Senco Gold, too, hit a new high of Rs 840 as it zoomed 14 per cent on the back of over six-fold jump in its average trading volumes
 "Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%")
Stocks to Watch: SpiceJet, Adani Green, Aster DM, Polycab, Bank of India
Stocks to Watch on January 11, 2024: SpiceJet plans to raise Rs 2,250 crore through a preferential issue of shares and warrants to reduce its debt burden
 "Stocks to Watch: SpiceJet, Adani Green, Aster DM, Polycab, Bank of India")
A fourth of FPI inflows in 2023 went into primary markets, shows data
Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances
 "A fourth of FPI inflows in 2023 went into primary markets, shows data")
Markets piggyback on Reliance Industries rally; Sensex rises 271 points
Shares of RIL rose 2.7 per cent to end at a new record of Rs 2,650, valuing the firm at Rs 17.93 trillion. The stock surpassed its previous record high of Rs 2,620 on July 20, 2023
 "Markets piggyback on Reliance Industries rally; Sensex rises 271 points")
India leads in valuation premium but not in EPS growth, shows data
As per an analysis done by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average
 "India leads in valuation premium but not in EPS growth, shows data")
Book profit in realty stocks as rally may hit valuation hurdle: Analysts
Investors holding the stocks could partially book profit; new investors should wait for correction to enter the pack
 "Book profit in realty stocks as rally may hit valuation hurdle: Analysts")
India 'coolest party in town' for all global investors: Zerodha Co-Founder
The big change in India in the last decade has been that entrepreneurship has moved from something that was only aspired or watched in movies to everyone "actively trying" for it
 "India 'coolest party in town' for all global investors: Zerodha Co-Founder")
Barclays raises target on Europe's STOXX 600 to 510 from 485: Report
The new target represents a roughly 7 per cent upside from current levels
 "Barclays raises target on Europe's STOXX 600 to 510 from 485: Report")
Five NBFCs look to raise Rs 2,750 crore via public issue this month
The proceeds from the issue will be used for interest payment of existing borrowings, further lending, business operations and expansion plans
 "Five NBFCs look to raise Rs 2,750 crore via public issue this month")
Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end
Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619
 "Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end")
465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%
Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1