Page 1166 - Markets News
Texmaco Rail surges 10% on order win worth Rs 1,374 cr from Railway Board
The Ministry of Railways (Railway Board) has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons
 "Texmaco Rail surges 10% on order win worth Rs 1,374 cr from Railway Board")
Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami
Stocks to Watch on December 15, 2023: eYantra has received a staffing service order worth $900,000 from Nvidia; Plenty Pvt Group & Multiples Pvt Group may sell 2.3% stake in PVR Inox
 "Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami")
Nifty Realty in 'overbought' zone; Nifty MidCap faces resistance at 13,200
A prudent trading strategy in the Nifty Realty index would involve booking profits, and adopting a cash position
 "Nifty Realty in 'overbought' zone; Nifty MidCap faces resistance at 13,200")
Charts signal strength in Exide; Bull Spread Strategy ideal for Dec expiry
Long build up was seen in Exide Futures on Thursday where Open Interest rose by 9 per cent (Prov) and the stock gained 3.20 per cent
 "Charts signal strength in Exide; Bull Spread Strategy ideal for Dec expiry")
Indian PE/VCs deliver higher returns than bourses, says Crisil report
"A key contributor to this success has been the PE-VC markets, which have risked capital and sown financial know-how," said the Crisil report
 "Indian PE/VCs deliver higher returns than bourses, says Crisil report")
Markets soar on dovish US Federal Reserve, Sensex settles atop 70K
US 10-yr treasury yield now below 4% as risk appetite increases
India Shelter Finance booked 4.34x; Credo Brands' IPO to open on Dec 19
Credo Brands Marketing Ltd, which owns denim brand Mufti, on Thursday fixed the price band at Rs 266-280 a share for its Rs 550-crore initial public offering (IPO)
 "India Shelter Finance booked 4.34x; Credo Brands' IPO to open on Dec 19")
Market outlook 2024: Over to the interim Budget, general elections
The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly
 "Market outlook 2024: Over to the interim Budget, general elections")
Government bonds, rupee gain after US Federal Reserve raises hopes
Traders expect the benchmark yield to trade between 7.10 and 7.25 per cent in the near term, given the positive sentiment
 "Government bonds, rupee gain after US Federal Reserve raises hopes")
RIL, Lloyds Metals and Capri Global shine, says Motilal Oswal report
Adani Enterprises emerges as top 'all-round' wealth creator from 2018-23
 "RIL, Lloyds Metals and Capri Global shine, says Motilal Oswal report")
Sensex up 930 pts, Nifty tops 21,150 as Fed sounds dovish; IT, Realty soar
Closing Bell on December 14, 2023: At close, the Sensex index stood at 70,514, up 930 points or 1.34 per cent, while the Nifty50 settled 256 points, or 1.23 per cent, higher at 21,183
 "Sensex up 930 pts, Nifty tops 21,150 as Fed sounds dovish; IT, Realty soar")
US Fed keeps policy rates unchanged for 3rd time: Here're 5 key takeaways
A near unanimous 17 of 19 Fed officials project that the policy rate will be lower by the end of 2024 than it is now
 "US Fed keeps policy rates unchanged for 3rd time: Here're 5 key takeaways")
Realty index surges 108% from March low; DLF, Godrej Properties soar 100%
Since March 28, the market prices of DB Realty, Puravankara, and Prestige Estates Projects have zoomed over 200 per cent
 "Realty index surges 108% from March low; DLF, Godrej Properties soar 100%")
HUDCO zooms 20% on heavy volumes; stock up 51% from OFS price in 2 months
The average trading volumes at the counter jumped four-fold with a combined 181 million equity shares of HUDCO changing hands on the NSE and BSE till 02:48 PM.
 "HUDCO zooms 20% on heavy volumes; stock up 51% from OFS price in 2 months")
This realty stock has zoomed 104% since October; m-cap nears Rs 50,000 cr
Prestige Estates Projects hit a new high at Rs 1,231.95, up 6% in Thursday's intra-day trade and has surged 46% in past one month amid expectation of healthy demand.
 "This realty stock has zoomed 104% since October; m-cap nears Rs 50,000 cr")
Market cap of BSE-listed firms jumps to record high of Rs 354.41 trillion
Global markets rallied after the US Federal Reserve kept its key interest rate unchanged and signalled that they expect to make three quarter-point cuts to their benchmark interest rate next year
 "Market cap of BSE-listed firms jumps to record high of Rs 354.41 trillion")
Booming Indian coal demand driving up the shares of state-run giants
NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023
 "Booming Indian coal demand driving up the shares of state-run giants")
Adani Ports, NTPC among 5 Nifty stocks in overbought zone; check key levels
In a bull market, stocks tend to remain in overbought zone for a longer period viz-a-viz a bearish phase. Presently, 18 stocks from the Nifty index were technically trading in overbought zone.
 "Adani Ports, NTPC among 5 Nifty stocks in overbought zone; check key levels")
Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%
At 10:12 AM, Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent
 "Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%")
Fusion Micro Finance surges 8% after 10% equity change hands on BSE
Till 09:24 AM; around 10.30 million equity shares representing 10.2 per cent of total equity of Fusion had changed hands on the BSE, the exchange data shows.
 "Fusion Micro Finance surges 8% after 10% equity change hands on BSE")