Page 1160 - Markets News

Bloomberg to include India's FAR bonds in EM local currency govt index

The index would encompass 34 Indian securities and represent 7.26% of a $6.18 trillion index on a market value-weighted basis

JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects

The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022

Domestic consumption next catalyst for India equity markets: Trust MF CIO

Indian economy grew 8.4% in the October-December quarter, marking its fastest pace in one-and-a-half years, led by robust manufacturing and construction activity

Select NBFCs rally up to 20% after RBI action on IIFL Finance

Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7% and 20%

SpiceJet jumps 4% on reaching settlement deal with Cross Ocean Partners

SpiceJet in an exchange filing on Tuesday said, the airline reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute worth Rs 93 crore.

CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February

The Nifty IT index was the leading sectoral loser in Tuesday's trade, down nearly 2 per cent at its intra-day low of 36,613. With this, the index has shed 5 per cent from its 52-week high of 38,560

CLSA reiterates 'buy' on Star Health; sees 28% upside ahead

According to the report, Star has also rejected less claims till December FY24, though the company still had the highest rejection ratio

IIFL Finance breaks key support post RBI ban; chart hints more pain ahead

With Tuesday's 20 per cent fall, IIFL Finance was seen trading below its 20-Month Average for the first time after a gap of 3 years. Chart suggests bias to remain weak below this particular level.

Platinum Industries lists at 33% premium over issue price in strong debut

Post listing, Platinum Industries hit a high of Rs 237 and a low of Rs 219 in intra-day trade. At 10:14 am; it was trading at Rs 221.20, about 29 per cent higher over its issue price.

Adani's first bond issue sees massive comeback to international market

Adani Green's bonds paid a yield of 6.7%, 42.5 basis points cheaper than levels initially proposed when the deal was announced this morning, thanks to strong investor demand

Exicom Tele-Systems makes robust debut; lists 86% higher over issue price

Exicom's IPO was subscribed 133.56 times, with non-institutional investors (NII) leading from the front as they bid 159.29 times their allotted quota

IIFL Finance slumps 20% post RBI ban on sanctioning, disbursing gold loans

he RBI observed deviations in assaying and certifying purity and net weight of the gold at the time of sanctioning loans and at the time of auction upon default

Tata Motors demerger: Stock can potentially rally another 27%; hints chart

The stock Tata Motors has so far rallied 32 per cent in 2024, and a solid 145 per cent in FY24. Charts suggest that the bias is likely to remain bullish as long as the stock trades above Rs 975.

Tata Motors tops Rs 1,000; surges 5% on demerger plan of CV, PV businesses

While the demerger seems to be a step in the right direction, Motilal Oswal Financial Services said they do not foresee any need to revisit its target price

Here's why IIFL Finance investors may have terrible Tuesday

The RBI found breaches in the loan-to-value ratio, significant disbursements and collections of loan amount in cash

$50 billion SBI Pension Funds may turn to corporate bonds: CIO Pandey

SBI Pension has been positioning for a rate cut by extending the 'modified duration' in its bond portfolio to around 6.8-to-6.9 years from 6 years over the past eighteen months, Pandey said

Here's why you should keep an eye on Tata Motors shares on Tuesday, March 5

The board of Tata Motors Ltd (TML), after market hours on Monday, gave approval to a proposal to demerge the automobile maker into two separate listed companies

Own BEML, BEL in your portfolio? Check why they will be in focus today

On Monday, the MoD signed a tripartite MoU with BEML, Bharat Electronics, and Mishra Dhatu Nigam for indigenous development of Advanced Fuelling and Control System for Engines

Stocks to watch: Tata Motors, M&M, IIFL Fin, NTPC, AU SFB, Godrej Agrovet

Stocks to track on 05, March 2024: The Reserve Bank of India has approved the amalgamation of Fincare Small Finance Bank with Jaipur-based AU Small Finance Bank

Nifty Bank, Nifty Private Bank rangebound on charts: Check key levels

A breach above 47600 would suggest a potential upward movement, with the next resistance levels expected at 47786, 48280, and 48400 in Nifty Bank, says Ravi Nathani