Page 1161 - Markets News
Indian consumer sentiment dips to a four-month low, shows data
The survey asks households about their current well-being and their expectations from the future
 "Indian consumer sentiment dips to a four-month low, shows data")
Dow Jones looks to exit BSE index JV; Mukka Proteins IPO booked 136.89x
The Rs 224 crore-initial public offering (IPO) got bids for 7,665,765,155 shares against 56,000,435 shares on offer, according to data available with the NSE
 "Dow Jones looks to exit BSE index JV; Mukka Proteins IPO booked 136.89x")
BHEL surges 10% on heavy volumes; stock hits over 8-year high
The stock is trading higher for a fifth straight day, ralling 16 per cent during the period, after BHEL signed a joint venture agreement (JVA) with Coal India (CIL)
 "BHEL surges 10% on heavy volumes; stock hits over 8-year high")
Consensus price targets hint at modest stock market upside this year
Analysts expect Nifty50 components to gain average 6.6%
 "Consensus price targets hint at modest stock market upside this year")
Jefferies' 7 predictions for the next 7 years for the Japanese markets
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February
 "Jefferies' 7 predictions for the next 7 years for the Japanese markets")
Prospects of Havells India seen improving; but positives priced in
Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East
 "Prospects of Havells India seen improving; but positives priced in")
After up to 595% rally in 1 year, wind energy stocks hit by policy overhang
Shares of companies involved in wind energy generation declined up to 5 per cent amid reports that the government may bring back reverse auctions in the wind energy sector
 "After up to 595% rally in 1 year, wind energy stocks hit by policy overhang")
PE firms Advent, Multiples to invest Rs 1,930 cr in Svatantra Microfin
The investment follows Svatantra's recent acquisition of Chaitanya India Fin Credit Limited
 "PE firms Advent, Multiples to invest Rs 1,930 cr in Svatantra Microfin")
Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset
"There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals," said Neelesh Surana, chief investment officer - equity at the firm
 "Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset")
Benchmarks end flat, Smallcaps decline; energy, metal, IT stocks slip
Stock market live updates on March 4, 2024: JSW Steel, Tata Steel led losses among largecaps after CLSA downgraded the two stocks to 'sell', reducing their target prices
 "Benchmarks end flat, Smallcaps decline; energy, metal, IT stocks slip")
Bitcoin rallies to two-year high above $65,000, record high comes into view
The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged
 "Bitcoin rallies to two-year high above $65,000, record high comes into view")
RK Swamy IPO: All you need to know about this Rs 423 cr share sale
RK Swamy IPO: The Company's share sale opens today and closes on March 06. Investors can subscribe to the issue in the price band of Rs 270-288 per share.
 "RK Swamy IPO: All you need to know about this Rs 423 cr share sale")
This Tata Group stock hit record high today; nearly doubles in 2 months
Shares of Tata Investment Corporation were locked in the 5-per cent upper circuit at Rs 8,417.65, also its new high, on the BSE on Monday
 "This Tata Group stock hit record high today; nearly doubles in 2 months")
CLSA downgrades prompt selling in Tata Steel, JSW Steel after 3-day rally
Tata Steel had made a new record high of Rs 156 in Saturday's special session on March 2. In the last three days, prior to today's losses, the stock had rallied 8 per cent
 "CLSA downgrades prompt selling in Tata Steel, JSW Steel after 3-day rally")
MOIL soars 12% on reporting 15% YoY jump in manganese ore output for Feb
For April-February, the production of Mn ore has been 15.84 lakh tonnes, which also marks the highest ever output in a financial year, it said
 "MOIL soars 12% on reporting 15% YoY jump in manganese ore output for Feb")
Stock of this Dec 2023 listed IPO has more than doubled since debut
Azad Engineering hit a new high of Rs 1,400 in an otherwise range-bound market owing to healthy outlook on Monday.
 "Stock of this Dec 2023 listed IPO has more than doubled since debut")
Pre-election rally: Can Nifty hit 24,000 in March? Here's what history says
The BSE Sensex has gained on an average 7.7 per cent in the month of March in the last three general election years. Will history be repeated?
 "Pre-election rally: Can Nifty hit 24,000 in March? Here's what history says")
Nikkei hits 40,000 mark; what's behind the bull-run in Japanese markets?
The Nikkie benchmark index has been experiencing an unprecedented rally, as it achieved an all-time high for the first time in 34 years last month
 "Nikkei hits 40,000 mark; what's behind the bull-run in Japanese markets?")
Data Patterns extends rally post Florintree Capital exit; up 72% in 15 days
The Singapore Sovereign Wealth Fund GIC acquired over 6 per cent stake valued at Rs 650 crore in the company via open market
 "Data Patterns extends rally post Florintree Capital exit; up 72% in 15 days")
This state-run power generation large-cap has zoomed 102% so far in FY24
NTPC rallied 4 per cent to hit a fresh high of Rs 354 ahead of the foundation stone ceremony for its various projects worth Rs 30,023 crore by PM Modi today
 "This state-run power generation large-cap has zoomed 102% so far in FY24")