Page 1157 - Markets News

Gold at new high, set for best week in 5 months; crude oil steadies

Oil prices steadied on Friday as investors digested fresh US employment data, in the quest for clues as to whether interest rate cuts may occur in the US and Europe in the first half of this year

Sebi, RBI widen investigation into public debt issue subscriptions: Report

Investigators are also studying if disproportionate loans were given to subscribes and whether customer identification processes were not adequately followed, the sources added

Equity MFs inflow nears 2-yr high at Rs 26,866 cr in Feb on strong NFO push

Overall, the mutual fund industry witnessed an inflow of Rs 1.2 lakh crore in February, almost similar to the one seen in the preceding month

Bitcoin hits two-year peak breaking over $68,000, gains 50% in 2024

There's definitely something of an irrational behaviour creeping into the market," said Kyle Rodda, senior markets analyst at Capital.com

Currency market calm before Powell's speech, bitcoin rally resumes

The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month

India's currency, debt & equity mkts closed on account of Mahashivratri

The benchmark 10-year bond was quoted at 101.01 rupees, with the yield down 2 bps at 7.0312 per cent, as US yields declined

Strength in SBI stock going ahead will depend on earnings growth: Analysts

While analysts do not see a specific tailwind that can cause a re-rating in the short term, they see headroom for outperformance in long-term

Prudential Management and Services sells 0.7% stake in M&M for Rs 1,778 cr

The shares were disposed of at an average price of Rs 1,912.04 apiece, taking the deal size to Rs 1,778.19 crore

IndiGo co-founder Gangwal to sell airline's shares worth $450 mn: Report

The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobe's closing price on Thursday

Sebi bars JM Financial from acting as lead manager of any public debt issue

This came days after the Reserve Bank barred JM Financial Products Ltd from providing any form of financing against shares and debentures

Sensex, Nifty end flat post range-bound day; Smallcaps shine; banks weigh

Stock market highlights on March 7, 2024: Among top large-cap gainers, Tata Steel, JSW Steel, Bajaj Finserv, Tata Motors, Bajaj Finance, ITC, Asian Paints, Neslte India, and TCS gained over 1%

India roils market with new crackdowns on booming IPO financing, gold

Paytm is still down more than 40% since its banking affiliate was barred from adding deposits after people familiar with the matter said it failed to properly vet hundreds of thousands of clients

IIFL, Manappuram, L&T Finance: These NBFCs can fall another 22%; here's why

Among the frontline NBFCs, Bajaj Finance looks interestingly poised, with the stock attempting to form a bottom following a 17 per cent decline since mid January, suggests technical chart.

This defense stock has zoomed 144% so far in FY24, 77% post stock split

Shares of Hindustan Aeronautics (HAL) hit a new high of Rs 3,334.45, gaining 3 per cent on the BSE in Thursday's intraday trade

Tata Group shares rally; Tata Chem, Rallis, TTML, Tata Tech surge up to 15%

Among the Group stocks, Tata Chemicals, Tata Consumer Products, Tata Investment Corporation and Tata Steel hit their respective record highs in intra-day trade

Gold and Silver can rally up to 10% on MCX, show charts

The MCX Gold futures have gained 4 per cent and Silver 6.5 per cent so far in March on hopes of interest rate cuts in the US. Chart suggests that positive bias shall prevail in the near-term.

Bajaj Auto hits new high; rallies 12% in one week after robust Feb sales

The sharp run-up in Bajaj Auto's stock has led to the company crossing Rs 2.5 trillion in market cap for the first time today

IIFL Finance jumps 10% after 2-day losses on Fairfax fund's infusion plan

IIFL Finance is among India's top two NBFCs in the gold loan business. It has a gold loan portfolio of Rs 24,692 crore, which was 32 per cent of its total loans of Rs 77,444 cr, as at Q3FY24

M&M sinks 4% on profit booking as promoter entity PMSL dilutes stake in co

M&M's promoter group entity Prudential Management and Services (PMSL) said it has proposed to sell a small number of M&M shares to meet liquidity needs

Bond scion Aditi Mittal taps India mkt boom to transform her family firm

With JPMorgan Chase & Co. set to add India to its global bond indexes from June, the previously insular debt market is facing global attention