Page 1155 - Markets News
614 stocks freeze in lower circuit amid SmallCap rout; Tata Invest sinks 5%
The S&P BSE Smallcap index was the top loser among broader indices, down 1.8 per cent to 42,957. The index has corrected 8.3 per cent from its record high level of 46,821 touched on February 7, 2024
 "614 stocks freeze in lower circuit amid SmallCap rout; Tata Invest sinks 5%")
IndiGo: Promoter stake sale a non-event; analysts see up to 15% upside
Technical charts suggest that the stock is displaying a firm trend, and trading above its key moving averages.
 "IndiGo: Promoter stake sale a non-event; analysts see up to 15% upside")
ITC slumps to 8-month low; slips 2% as BAT may sell partial stake this week
According to a Bloomberg report, London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through
 "ITC slumps to 8-month low; slips 2% as BAT may sell partial stake this week")
TCS rallies 3% to hit record high; outperforms with 11% jump so far in 2024
Last month, global brokerage UBS increased their FY25/26 earnings per share (EPS) estimates 3 per cent/9 per cent, upgrading TCS to 'Buy' from 'Neutral'
 "TCS rallies 3% to hit record high; outperforms with 11% jump so far in 2024")
Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?
The MCX Natural Gas futures have declined over 6 per cent so far in March, and tumbled up to 82 per cent from the peak in August 2022.
 "Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?")
Charts suggest downtrend for Nifty Financial, Nifty PSU Bank: How to trade?
Nifty PSU Bank is currently experiencing a near-term downtrend, as indicated by technical indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence)
 "Charts suggest downtrend for Nifty Financial, Nifty PSU Bank: How to trade?")
Stocks to Watch on Mar 12: ITC, M&M, RK Swamy, RVNL, Triveni Engg, Wipro
Stocks to Watch on March 12, 2024: British American Tobacco Plc is preparing to kick off a sale of part of its stake in ITC as soon as this week, as per The Economic Times
 "Stocks to Watch on Mar 12: ITC, M&M, RK Swamy, RVNL, Triveni Engg, Wipro")
Rupee gains for third straight trading session on foreign inflows
The rupee settled at Rs 82.76 per dollar, marking the highest since September 4, 2023, against the previous close of Rs 82.79
 "Rupee gains for third straight trading session on foreign inflows")
Are the Nifty PSU indices staring at up to 15% fall from current levels?
This particular technical indicator on the weekly charts suggests that the Nifty PSE, CPSE and PSU Bank indices could consolidate or dip in the near-term
 "Are the Nifty PSU indices staring at up to 15% fall from current levels?")
Sebi seeks to boost trust in mkt, expands qualified stock broker framework
Now, the parameters of proprietary trading volumes, compliance and grievance redressal scores will also be taken into account while classifying stock brokers as QSBs, according to a circular
 "Sebi seeks to boost trust in mkt, expands qualified stock broker framework")
Sebi plans to implement optional same-day settlement from March 28
Sebi chief says instantaneous settlement needed to tackle emerging competition from crypto world
 "Sebi plans to implement optional same-day settlement from March 28")
Attractive valuations of city gas distributors after recent price fall
Domestic gas consumption in CGD declined to 26.5 mmscmd in January
 "Attractive valuations of city gas distributors after recent price fall")
Popular Vehicles and Services IPO: Date, price band, GMP, financials & more
Popular Vehicles and Services IPO: Popular Vehicles & Services IPO is a book built issue of Rs 601.55 crore. The price band is set at Rs 280 to Rs 295 per share
 "Popular Vehicles and Services IPO: Date, price band, GMP, financials & more")
Jio Financial rallies 8%, hits new high on heavy volumes in weak market
In the past two months, the stock price of JFS has appreciated by nearly 50 per cent
 "Jio Financial rallies 8%, hits new high on heavy volumes in weak market")
Sensex sinks 617 pts, Nifty ends at 22,333; BSE SmallCap, SBI tank 2% each
Stock market highlights on March 11, 2024: Sensex, Nifty end with sharp losses; BSE smallcap index, SBI sink 2 per cent each
 "Sensex sinks 617 pts, Nifty ends at 22,333; BSE SmallCap, SBI tank 2% each")
Seeing signs of price manipulation in SME segment: Sebi chief Buch
Sebi chairperson Madhabi Puri Buch on Monday said the capital markets regulator is seeing "signs" of price manipulation in the Small and Medium Enterprises (SME) segment.
 "Seeing signs of price manipulation in SME segment: Sebi chief Buch")
IndiGo soars 8% from day's low on Rakesh Gangwal's likely large block deal
As per Bloomberg, IndiGo promoter Rakesh Gangwal raised about $820 million from selling part of his holding, in the largest block equity sale in the country since 2019
 "IndiGo soars 8% from day's low on Rakesh Gangwal's likely large block deal")
Sebi may review rule for mutual funds targeting overheated small caps
Sebi will review its rule that mandates small- and mid-cap funds to invest at least 65% of their assets in such stocks if fund managers find it is "restraining risk management
 "Sebi may review rule for mutual funds targeting overheated small caps")
Laggards of 2023 scripting a rebound in 2024; Can the trend continue?
Borosil Renewable and EaseMyTrip can potentially rally up to 18% from present levels, while Adani Green and Epigral may consolidate, suggests technical charts.
 "Laggards of 2023 scripting a rebound in 2024; Can the trend continue?")
RBI buying dollars via state-run banks amid persistent foreign inflows
The Reserve Bank of India (RBI) purchased dollars at levels between 82.65 and 82.68 amid persistent foreign inflows, the traders said
 "RBI buying dollars via state-run banks amid persistent foreign inflows")