Page 1147 - Markets News
Azim Premji family office gets nod to bet abroad through GIFT City
Premji Invest and billionaire Narayana Murthy-backed Catamaran Ventures were among the first to seek approvals, according to the people
 "Azim Premji family office gets nod to bet abroad through GIFT City")
Albula Investment Fund sells Swan Energy's shares worth Rs 157 crore
Bandhan Mutual Fund (MF), Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund, among others were the buyers of shares
 "Albula Investment Fund sells Swan Energy's shares worth Rs 157 crore")
New demat additions jump 29% in 2023 amid rally in markets, shows data
The number of demat accounts opened with CDSL and NSDL rose 28.7 % in the past year, from 108.1 mn to touch 139.2 mn
 "New demat additions jump 29% in 2023 amid rally in markets, shows data")
Strong order book, upgrades help HAL fly past the Rs 2 trillion mcap mark
The shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in intraday trade on Friday on a robust business outlook
 "Strong order book, upgrades help HAL fly past the Rs 2 trillion mcap mark")
Sundaram Mutual Fund prioritises equity, gold in multi-asset offering
Multi-asset allocation funds have been the 'flavour of the season' in the hybrid space in financial year 2024 as fund houses have rushed to launch the product post the change in debt fund taxation
 "Sundaram Mutual Fund prioritises equity, gold in multi-asset offering")
UAE market cap soars as top 16 national companies hit AED 2.7 trillion
According to official figures, 16 listed companies accounted for about 74 per cent, or AED 2.709 trillion, of the total market capitalisation of the local stock markets
 "UAE market cap soars as top 16 national companies hit AED 2.7 trillion")
Mid, smallcap indices post best first five-day gains in three years
Equity markets rallied the previous year on the back of hopes of the Federal Reserve cutting interest rates by March
 "Mid, smallcap indices post best first five-day gains in three years")
Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr
Earlier in 2021, it had targeted to raise Rs 1,900 cr but withdrew due to weak market conditions
 "Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr")
Institutional investors need to disclose about short sale of shares: Sebi
Short selling refers to selling a stock which the seller does not own at the time of trade. Both retail and institutional investors are permitted to short sell stocks
 "Institutional investors need to disclose about short sale of shares: Sebi")
Investors kick off 2024 with $123 billion record cash shift, says BofA
Energy stocks saw their seventh straight week of outflows, and the largest since July 2023 of $1.0 billion. U.S. small-cap stocks recorded a weekly inflow of $2.3 billion, their fifth weekly inflow in
 "Investors kick off 2024 with $123 billion record cash shift, says BofA")
Global stocks set to snap 9-week winning streak on interest rate rethink
Europe's Stoxx 600 index sank 0.9% and government bond yields in the euro zone and United States rose sharply as prices of the interest rate-sensitive debt securities fell
 "Global stocks set to snap 9-week winning streak on interest rate rethink")
Sensex gains 179 pts, Nifty holds 21,700 after a choppy ride; IT stocks up
Closing Bell on January 5, 2024: In the broader markets, the BSE MidCap index added 0.19 per cent, while the BSE SmallCap index gained 0.61 per cent
 "Sensex gains 179 pts, Nifty holds 21,700 after a choppy ride; IT stocks up")
IIFCL plans to launch IPO in next financial year, unlock value for govt: MD
IIFCL reported a two-fold jump in standalone net profit to Rs 1,076 crore for FY23 aided by an increase in lending and reduction of bad loans
 "IIFCL plans to launch IPO in next financial year, unlock value for govt: MD")
Suzlon gains 5% on securing 225 MW order from Everrenew Energy
Till 02:58 PM, a combined 86.57 million equity shares had changed hands, and there were pending buy orders for a combined 23.56 million shares on the NSE and BSE
 "Suzlon gains 5% on securing 225 MW order from Everrenew Energy")
Hindustan Aeronautics m-cap crosses Rs 2 trn; zooms 123% in 10 months
HAL hit a new high at Rs 3,039, and is now the seventh PSU to trade with a market capitalisation of more than Rs 2 trillion
 "Hindustan Aeronautics m-cap crosses Rs 2 trn; zooms 123% in 10 months")
Sun Pharma Advanced Research freezes at 10% upper circuit; up 64% in 8 days
In the medium term, SPARC's pipeline has several inflexion points that can drive significant value for the company.
 "Sun Pharma Advanced Research freezes at 10% upper circuit; up 64% in 8 days")
This Adani Group stock has zoomed 40% in 5 weeks, hit new high today
The company said it is, now, targeting over 400 MMT of cargo volumes in FY24, surpassing the upper end of the guidance range (370-390 MMT) provided at the start of the current financial year
 "This Adani Group stock has zoomed 40% in 5 weeks, hit new high today")
Nestle India slips 2% on profit-booking; trades 1:10 ex-stock split
The stock had rallied 19 per cent since October 19, 2023, after the company announced a stock split.
 "Nestle India slips 2% on profit-booking; trades 1:10 ex-stock split")
Stocks to Watch today, Jan 5: Sobha, Dabur, Grasim, REC, Jupiter Wagons
Stocks to Watch on Friday, January 5, 2024: Grasim Industries' Board has approved fund raise via rights issue worth Rs 4,000 crore.
 "Stocks to Watch today, Jan 5: Sobha, Dabur, Grasim, REC, Jupiter Wagons")
Nifty Realty, Nifty FMCG in overbought zone: Avoid fresh long positions
Investors may consider booking profits either at the CMP or during any subsequent rise in prices in Nifty Realty, as per Ravi Nathani
 "Nifty Realty, Nifty FMCG in overbought zone: Avoid fresh long positions")