Page 1163 - Markets News
Paytm sheds nearly 4% as FIU slaps Rs 5.5 crore penalty on Payments Bank
The penalty was slapped in connection with alleged violations under the Prevention of Money Laundering Act (PMLA), read with PML rules
 "Paytm sheds nearly 4% as FIU slaps Rs 5.5 crore penalty on Payments Bank")
Dwarikesh Sugar hits 5% upper limit as board to mull share buyback
The counter has seen heavy volumes of around 4.06 lakh shares as against the two-week average volume of around 1.46 lakh shares on the BSE.
 "Dwarikesh Sugar hits 5% upper limit as board to mull share buyback")
Swan Energy declines 3.6% on profit booking; Co raises Rs 3,300-cr via QIP
It allotted 49.5 million shares to eligible, qualified institutional buyers at the issue price of Rs 670 per share against the floor price of Rs 703.29 per share
 "Swan Energy declines 3.6% on profit booking; Co raises Rs 3,300-cr via QIP")
Havells, V-Guard, Voltas rally up to 5% on healthy outlook
Shares of Havells India hit a new high of Rs 1,590.90, surging 5 per cent on the BSE. A sharp run-up in the stock price has seen the m-cap of Havells India inch towards Rs 1 trillion
 "Havells, V-Guard, Voltas rally up to 5% on healthy outlook")
Torrent Power soars 5% on bagging orders of Rs 3,140 cr; up 66% in 6 mths
To meet the high power demand in coming months, NTPCV Vidyut Vyapar Nigam (NVVN), a subidiary of NTPC, has awarded a Rs 440 crore contract to Torrent Power
 "Torrent Power soars 5% on bagging orders of Rs 3,140 cr; up 66% in 6 mths")
NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr
That apart, NLC India has also participated in the bidding for 20 blocks in the initial phase of the auction for critical mineral blocks in India.
 "NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr")
Stocks to Watch: Axis Bank, Info Edge, Matrimony, Hero Moto, Coal India,NLC
Stocks to Watch on March 2, 2024: Axis Bank will raise up to Rs 4,000 crore via NCDs. The base issue is worth Rs 1,000 crore and the green shoe option will be Rs 3,000 crore
 "Stocks to Watch: Axis Bank, Info Edge, Matrimony, Hero Moto, Coal India,NLC")
Fri-yay! RIL, ICICI Bank, Tata Motors, Grasim, Adani Ports hit new highs
Zomato, Ambuja Cements, Cipla, Tata Motors DVR, United Spirits were among notable stocks from the S&P BSE 200 index that, too, hit their respective record highs
 "Fri-yay! RIL, ICICI Bank, Tata Motors, Grasim, Adani Ports hit new highs")
NSE unique investor count tops 90 mn; Sebi's settlement plea of 4 banks
Maharashtra has the highest number of unique investors at 16 million followed by UP and Gujarat with 9.7 million and 8.1 million investors, respectively
 "NSE unique investor count tops 90 mn; Sebi's settlement plea of 4 banks")
Losers outpace gainers for the first time in 11 months, shows data
The Nifty Smallcap 100's 12-month forward price-to-earnings ratio has risen to 22 versus its 10-year average is 16.5, according to Bloomberg data
 "Losers outpace gainers for the first time in 11 months, shows data")
Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?
Nifty Healthcare has outperformed Nifty50 and some individual healthcare stocks have doubled investor wealth in FY24
 "Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?")
Nifty tops 22,300: Are markets skating on thin ice? What analysts say
Even as the Nifty seems on course to register decade high fiscal gains, the rally seems to have lost momentum in the recent months, with net gains well below the overall average in FY24 so far.
 "Nifty tops 22,300: Are markets skating on thin ice? What analysts say")
Sensex, Nifty hit record highs: 4 factors behind the rally on March 01
The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday
 "Sensex, Nifty hit record highs: 4 factors behind the rally on March 01")
National Highways Infra to debut private bond placement by April: Report
The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects
 "National Highways Infra to debut private bond placement by April: Report")
Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3
Stock market highlights on March 1, 2024: The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday
 "Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3")
Matrimony, Info Edge seesaw as Google warns removing them from playstore
As per the media report, Google has warned of removing apps of ten companies in India, including of Matrimony.com and Info Edge, for failing to pay a service fee for the use of its playstore.
 "Matrimony, Info Edge seesaw as Google warns removing them from playstore")
Stock of this iron & steel products company has zoomed over 100% in 2 mths
Shares of Kalyani Steels (KSL) moved higher by 20 per cent to its new high of Rs 1,077.65 on the BSE in Friday's intraday trade
 "Stock of this iron & steel products company has zoomed over 100% in 2 mths")
Metal stocks show mettle; Index jumps over 3% led by SAIL, Tata, JSW Steel
Adani Enterprises, Vedanta, Hindustan Copper, Hindustan Zinc, NMDC, and Nalco were trading higher in the range of 0.2 per cent to 2 per cent
 "Metal stocks show mettle; Index jumps over 3% led by SAIL, Tata, JSW Steel")
RBI's new rule on exchange-traded rupee derivatives confuses brokers
Reserve Bank of India (RBI) in a Jan. 5 circular said that stock exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"
 "RBI's new rule on exchange-traded rupee derivatives confuses brokers")
L&T gains nearly 4% on commissioning its first Hydrogen electrolyser
The electrolyser will now undergo rigorous testing in the coming weeks to optimise its performance, the company said
 "L&T gains nearly 4% on commissioning its first Hydrogen electrolyser")