Page 1154 - Markets News
This Smallcap iron & steel maker has zoomed over 1700% in just 10 months
There were only buyers on the counter. A combined around 195,000 shares changed hands with pending buy orders for a combined 120,000 shares on the NSE and BSE
 "This Smallcap iron & steel maker has zoomed over 1700% in just 10 months")
ONGC hits over 7-year high, up 3% on winning seven oil exploration areas
In the past six months, ONGC has outperformed the market by surging 32 per cent as compared to 10 per cent rise in the S&P BSE Sensex
 "ONGC hits over 7-year high, up 3% on winning seven oil exploration areas")
Nifty, Bank Nifty bounce back: Should you sell the rally? Check key levels
As talks of an impending market correction grow louder, here's a quick chart check on the Nifty 50 and key sectoral indices.
 "Nifty, Bank Nifty bounce back: Should you sell the rally? Check key levels")
Brigade Enterprises soars 13% on healthy outlook; zooms 60% since November
Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24)
 "Brigade Enterprises soars 13% on healthy outlook; zooms 60% since November")
Torrent Power surges 13% on signing Rs 47,350 cr-projects with Gujarat govt
The MoUs entail setting 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, associated infrastructure for 7,000 MW solar project, green hydrogen/green ammonia output facility
 "Torrent Power surges 13% on signing Rs 47,350 cr-projects with Gujarat govt")
Stars align for Indian sovereign bonds after first yearly gain since 2020
The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years.
 "Stars align for Indian sovereign bonds after first yearly gain since 2020")
Stocks to Watch today, Jan 4: Adani Ports, NTPC, LIC, IT, Vedanta, OIL, IEX
Stocks to Watch on Thursday, January 4, 2024: The board of directors of Adani Ports and Special Economic Zone Limited (APSEZ) has approved raising funds up to Rs 5,000 crore
 "Stocks to Watch today, Jan 4: Adani Ports, NTPC, LIC, IT, Vedanta, OIL, IEX")
Nifty Energy, Pharma reaching near resistance levels; Check how to trade
Resistance for Nifty Energy index is anticipated around 34,000 and 34,300, signifying potential areas where selling pressure may intensify, as per Ravi Nathani
 "Nifty Energy, Pharma reaching near resistance levels; Check how to trade")
IT stocks decline amidst growth concerns pulls Indian equity benchmarks
Brokerages have been advising their clients to tread cautiously while taking positions in IT stocks, citing weakness in discretionary demand
 "IT stocks decline amidst growth concerns pulls Indian equity benchmarks")
Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict
Reliance Group's combined market-cap at Rs 18.97 trillion, however, is way ahead of Adani Group's Rs 15.1 trillion
 "Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict")
SC judgment gives Sebi final say on securities violations: Law firms
For proxy advisory firm Institutional Investor Advisory Services (IiAS), the pending Supreme Court investigation was a matter of concern from the auditing point of view
 "SC judgment gives Sebi final say on securities violations: Law firms")
Sensex sinks 536 pts, Nifty nears 21,500 amid global sell-off; IT slides
Closing Bell on January 3, 2024: On the upside, Bajaj Auto, Adani Enterprises, Adani Ports, Cipla, ITC, and IndusInd Bank were the top gainers, rising up to 4.5 per cent
 "Sensex sinks 536 pts, Nifty nears 21,500 amid global sell-off; IT slides")
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")