Page 1153 - Markets News
Som Distilleries spurs 13% on stock split plan; stock up 44% so far in FY24
The liquor maker said the Board of Directors of the company is scheduled to meet on Tuesday, April 2, 2024, to consider and approve sub-division/split of existing equity shares
 "Som Distilleries spurs 13% on stock split plan; stock up 44% so far in FY24")
Gopal Snacks makes disappointing debut; lists 13% below its issue price
Post listing, the stock hit a high of Rs 378 and a low of Rs 342 in early deals on the BSE.
 "Gopal Snacks makes disappointing debut; lists 13% below its issue price")
Inflationary pressure signals weakening support for Asian bond gains
Emerging Asian bonds handed investors a return of 0.5 per cent so far this quarter compared with over 5 per cent in the last three months of 2023, according to a Bloomberg index.
 "Inflationary pressure signals weakening support for Asian bond gains")
Nifty IT, Nifty Auto may face downward pressure, show technical indicators
Given the prevailing market conditions in Nifty IT, the recommended trading strategy is to sell on rallies, with a stop-loss set at 37,100
 "Nifty IT, Nifty Auto may face downward pressure, show technical indicators")
Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC
Stocks to Watch on Thursday, March 14: Gopal Snacks' shares will debut on the stock exchanges on Thursday at an issue price of Rs 401 apiece
 "Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC")
Broader mkt weakness, slow capex to halt rally in cement shares: Analysts
Shares of JK Cement, Dalmia Bharat, Ambuja Cement, and ACC, for instance, have lost in the range of 5 per cent to 8 per cent during the period, ACE Equity data shows
 "Broader mkt weakness, slow capex to halt rally in cement shares: Analysts")
Brokerages see up to 25% upside for ITC post BAT stake sale
With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.
 "Brokerages see up to 25% upside for ITC post BAT stake sale")
J G Chemicals makes weak debut; stock lists 5% below its issue price
Post listing, the market price of J G Chemicals hit a high of Rs 213.75 and a low of Rs 201.90 in the intraday trade
 "J G Chemicals makes weak debut; stock lists 5% below its issue price")
Equity markets not in a serious bubble territory, says Uday Kotak
His comments come at a time when the smallcaps and midcaps have seen a sharp fall in the last three consecutive trades
 "Equity markets not in a serious bubble territory, says Uday Kotak")
Majority of F&O trading from co-location for second consecutive year
Co-location is the practice by institutional investors to locate their servers on the site of the stock exchange, in exchange for a fee, to cut down on latency and trade that much faster
 "Majority of F&O trading from co-location for second consecutive year")
PSU shares gauge sees worst day since pandemic amid stock market crash
Analysts said the PSU space had gotten overheated after relentless gains over the past year and was ripe for a course correction
 "PSU shares gauge sees worst day since pandemic amid stock market crash")
Sebi board may ease IPO norms, approve same-day settlement framework
Exemption to certain FPIs from granular disclosures, passive funds from single co exposure also on anvil
 "Sebi board may ease IPO norms, approve same-day settlement framework")
Small, midcap stocks sink further to log their biggest fall in two years
Analysts said elevated valuations in the small and mid-cap segment have been a concern for a while, but the strong message and the recent action by the regulator intensified the selling pressure
 "Small, midcap stocks sink further to log their biggest fall in two years")
JG Chemicals makes weak market debut following IPO, shares decline 17%
The stock made its debut at Rs 211, lower by 4.52 per cent, from the issue price on the BSE. During the day, it tanked 18 per cent to Rs 181.20. Shares of the company ended at Rs 184.65, down 16.44%
Sensex plunges 906 pts, Nifty below 22K; Investors lose Rs 21 trn in 3 days
Stock market highlights on March 13: The BSE m-cap has plummeted by Rs 20.69 trillion in three days
 "Sensex plunges 906 pts, Nifty below 22K; Investors lose Rs 21 trn in 3 days")
Sensex sheds 906 pts, Nifty below 22K: Key factors behind today's crash
Stock market updates: In the broader markets, the BSE SmallCap index plunged 5.1 per cent, and the BSE MidCap declined 4.5 per cent. In three days, the BSE m-cap has plunged by Rs 20.69 trillion
 "Sensex sheds 906 pts, Nifty below 22K: Key factors behind today's crash")
Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit
As many as 1,010 stocks were locked at their respective lower circuit on the BSE in late noon deals on Wednesday amid the broader market sell-off.
 "Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit")
Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction
Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.
 "Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction")
CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%
Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex
 "CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%")
Foreign inflows into index-eligible India bonds set to hit $10 billion
Investments into index-eligible Fully Accessible Route bonds have risen by Rs 81,218 crore ($9.8 billion) since the announcement in September, data from the Clearing Corp. of India show
 "Foreign inflows into index-eligible India bonds set to hit $10 billion")