Page 1159 - Markets News
Vodafone Idea hits over 4-year high; zooms 39% in 2 days on heavy volumes
The stock zoomed 15% to Rs 18.42 on the BSE in Monday's intra-day trade and surpassed its previous high of Rs 18.30 touched on April 1, 2019.
 "Vodafone Idea hits over 4-year high; zooms 39% in 2 days on heavy volumes")
DCB Bank hits 52-week high, has rallied 25% in last 1 month; here's why
On December 8, 2023, the bank's board approved allotment of up to 6.06 million equity shares on a preferential basis, to Aga Khan Fund for Economic Development, at an issue price of Rs 137 per share.
 "DCB Bank hits 52-week high, has rallied 25% in last 1 month; here's why")
FAQs: What will the market do in 2024? What will result in a correction?
The returns in 2024 will depend on the tussle between fundamentals and sentiment. In an entirely 'fundamental' market, returns will likely be modest for the market and negative for many stocks.
 "FAQs: What will the market do in 2024? What will result in a correction?")
RailTel Corporation soars 27% in 6 days on winning orders worth Rs 263 cr
In past two months, the stock has zoomed 68 per cent, while, in past six months it skyrocketed by 182 per cent.
 "RailTel Corporation soars 27% in 6 days on winning orders worth Rs 263 cr")
BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India
The stock was seen trading at its highest level since October 2015, backed by strong volumes on the BSE and NSE.
 "BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India")
Stocks to Watch today, Jan 1: Auto, Karur Vysya, PNB, Lodha, United Spirits
Stocks to Watch on Monday, January 1, 2024: The RBI has allowed ICICI Prudential Asset Management Company to acquire aggregate holding of up to 9.95 per cent in Karur Vysya Bank
 "Stocks to Watch today, Jan 1: Auto, Karur Vysya, PNB, Lodha, United Spirits")
Nifty50, Bank Nifty overbought on charts; check key levels for this week
Technical indicators such as RSI, Stochastic, and MACD are signaling an overbought condition on near-term charts for the Nifty50, says Ravi Nathani
 "Nifty50, Bank Nifty overbought on charts; check key levels for this week")
M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer
Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28.
 "M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer")
Brokerages firms bullish on largecaps for better returns in 2024
The concern for most brokerages is valuations. Given the sharp rally in midcap and smallcap indices, investors are better off sticking with largecaps in 2024
 "Brokerages firms bullish on largecaps for better returns in 2024")
Street signs: SAT awaits presiding officer, Nifty showing signs of fatigue
The Securities and Appellate Tribunal (SAT) is waiting for the appointment of a new judicial member as presiding officer
 "Street signs: SAT awaits presiding officer, Nifty showing signs of fatigue")
Equity market set for eventful journey on interest rate trajectory in 2024
Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent
 "Equity market set for eventful journey on interest rate trajectory in 2024")
FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec
Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase Manager and founder of Fidel Folio
 "FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec")
'Everyone got burned': Wall Street missed great stock rally of 2023
Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street
 "'Everyone got burned': Wall Street missed great stock rally of 2023")
2023: A year when equity gains surprised investors, Sensex surged 18.7%
Sensex has gained 18.7 per cent, and the Nifty 20 per cent and debt funds have given single-digit returns
 "2023: A year when equity gains surprised investors, Sensex surged 18.7%")
Mcap zooms 29% this year, Sensex, Nifty see gains for 8 yrs in a row
This is the first time that the Indian equity benchmarks have seen eight consecutive years of gains. The previous longest winning streak was from 1988 to 1994
 "Mcap zooms 29% this year, Sensex, Nifty see gains for 8 yrs in a row")
Brokers target March-end timeline for offering UPI block facility
On January 1, a beta version will launch for the new block facility
 "Brokers target March-end timeline for offering UPI block facility")
US 10-year yield poised to end 2023 at almost exactly where it started
It's an almost farcical conclusion to 12 months of trading that saw rates on the benchmark - a global anchor for markets and US mortgage rates - tumble to as low as 3.25 per cent
 "US 10-year yield poised to end 2023 at almost exactly where it started")
Indian shares, bonds likely to continue rallying in 2024 on foreign inflows
Banks, information technology firms and metals will lead India's stock rally, with some push from defence and renewables, a market expert said
 "Indian shares, bonds likely to continue rallying in 2024 on foreign inflows")
Benchmarks slip, but end 2023 with up to 20% gains; SmallCap index up 47%
Closing Bell on December 29, 2023: The BSE Sensex is ending calendar year 2023 with a solid gain of 18.8 per cent, and the Nifty50 with 20.1 per cent
Trent outperforms market for 9th straight calendar year; zooms 127% in 2023
In CY19, Trent Ltd had rallied 46%, followed by 31% surge in CY20, 55% in CY21, and 27% in CY22
 "Trent outperforms market for 9th straight calendar year; zooms 127% in 2023")