Page 1148 - Markets News
Bajaj Auto rallies 6%, hits new high as board to mull buyback on January 8
With today's gain, the market price of Bajaj Auto has zoomed 96 per cent in the past one year, as against nearly 17 per cent surge in the S&P BSE Sensex
 "Bajaj Auto rallies 6%, hits new high as board to mull buyback on January 8")
Jio Financial's application for mutual fund licence under process: Sebi
Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition
 "Jio Financial's application for mutual fund licence under process: Sebi")
Stock of this auto ancillary company has zoomed 40% in 4 trading sessions
Till 01:39 PM; a combined 9.7 million equity shares representing 2.9 per cent of total equity of NRB Bearings have changed had on the NSE and BSE.
 "Stock of this auto ancillary company has zoomed 40% in 4 trading sessions")
ITC hits over 5-month high in weak market; stock rallies 10% since December
At 11:57 AM, ITC was up 2 per cent and was trading as the top gainer on the S&P BSE Sensex and Nifty 50 indices
 "ITC hits over 5-month high in weak market; stock rallies 10% since December")
Adani Group shares hold gains in weak market as SC grants Sebi more time
The Supreme Court on Wednesday also directed the government and Sebi to look into whether there has been any violation of law by Hindenburg Research on short-selling.
 "Adani Group shares hold gains in weak market as SC grants Sebi more time")
Sagar Cements surges 8%, nears record high on heavy volumes
Analysts at Emkay Global believe heightened M&A activity (like the recent Sanghi and Kesoram acquisitions) has induced a state of euphoria among small/mid-size cement players
 "Sagar Cements surges 8%, nears record high on heavy volumes")
VST Industries zooms 28% in 2 days as Radhakishan Damani, SBI MF hike stake
On Tuesday, January 2, investor Radhakishan Damani has bought 222,935 shares and SBI Mutual Fund acquired 225,000 shares of VST Industries via bulk deals.
 "VST Industries zooms 28% in 2 days as Radhakishan Damani, SBI MF hike stake")
Stocks to Watch today, Jan 3: Adani, PNB, YES Bank, MOIL, Shyam Metalics
Stocks to Watch on Wednesday, January 3, 2024: The Supreme Court is expected to announce its verdict in the Adani-Hindenburg case later on Wednesday
 "Stocks to Watch today, Jan 3: Adani, PNB, YES Bank, MOIL, Shyam Metalics")
Nifty likely to be sideways; Nocil, Alkyl Amine top tech calls for Jan 3
Nifty could now remain in the 21,770-21,477 band for the near term, a sper Vinay Rajani of HDFC Securities
 "Nifty likely to be sideways; Nocil, Alkyl Amine top tech calls for Jan 3")
Nifty IT, Nifty Auto: 'Sell on rise' strategy apt amid possible downtrend
Nifty IT Index is facing significant resistance around the 35,800 mark. The recent correction in the market has initiated a downtrend in near-term, as per Ravi Nathani
 "Nifty IT, Nifty Auto: 'Sell on rise' strategy apt amid possible downtrend")
HDFC MF ramps up presence; PPFAS MF allows redemptions in liquid fund
The newly-inaugurated branches are mostly in smaller towns like Angul, Cooch Behar, Hazaribagh, Renukoot and Raebareli
 "HDFC MF ramps up presence; PPFAS MF allows redemptions in liquid fund")
Bulls have tired legs, look for fresh triggers; indices end in the red
Equity benchmarks decline amid profit-booking, Red Sea tensions
 "Bulls have tired legs, look for fresh triggers; indices end in the red")
Attractive spreads drive arbitrage funds to better returns in 2023
Staged strong comeback last year, stole march over debt funds to post best performance in 8 years
 "Attractive spreads drive arbitrage funds to better returns in 2023")
Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts
Valuation is comfortable for large-caps, but there is little margin of safety in the broader market categories, analysts said
 "Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts")
Crude oil advances as Iran warship in the Red Sea escalates tensions
Brent crude climbed as much as 2.6 per cent to top $79 a barrel, before paring some of that gains
 "Crude oil advances as Iran warship in the Red Sea escalates tensions")
Sebi chooses to tread cautiously, no rush to stretch market hours
Moscow Exchange in Russia allows equity derivatives trading from 7 am to midnight, and Eurex Exchange is open until 10 pm
 "Sebi chooses to tread cautiously, no rush to stretch market hours")
Dollar set for biggest daily jump since October as US bond yields rebound
The dollar index, which measures the U.S. currency against six counterparts, was last up 0.67% at 102.05, on track for its biggest daily percentage gain since October
 "Dollar set for biggest daily jump since October as US bond yields rebound")
Esconet Technologies files draft papers to raise funds through IPO
The initial public offering (IPO) is entirely a fresh issuance of up to 33,60,000 equity shares, with a face value of Rs 10 each
 "Esconet Technologies files draft papers to raise funds through IPO")
Sensex drops 379 pts, Nifty nears 21,650 amid Covid scare; pharma stocks up
Closing Bell on January 2, 2024: Among sectors, the Nifty Pharma index zoomed 2.5 per cent, followed by the Nifty Media index (0.43 per cent), and the Metal index (0.26 per cent)
 "Sensex drops 379 pts, Nifty nears 21,650 amid Covid scare; pharma stocks up")
VST Industries freezes in 20% upper circuit as 3% equity changes hands
As of 12:04 PM; as many as 449,389 equity shares, representing 2.9 per cent of total equity of VST Industries, changed hands on the BSE, exchange data showed