Page 1168 - Markets News
Stock of this IT firm soars 55% in one month; up 141% from issue price
Netweb Technologies India hit a record high at Rs 1,206.50, and has rallied 10% on the BSE in Tuesday's intra-day trade.
 "Stock of this IT firm soars 55% in one month; up 141% from issue price")
Theme for a dream: Why thematic funds are gaining traction in the market
In contrast, the largecap category has witnessed net outflows of Rs 2,894 crore in this period
 "Theme for a dream: Why thematic funds are gaining traction in the market")
TCS hits 52-week high; extends rally post closure of share buyback
The stock was quoting higher for the eight straight trading session and rallied 6 per cent thus far in December.
 "TCS hits 52-week high; extends rally post closure of share buyback")
BNP Paribas sells retail broking arm Sharekhan To S Korea's Mirae
Paris-headquartered BNP had acquired 100 per cent equity of Sharekhan from a clutch of investors in 2015
 "BNP Paribas sells retail broking arm Sharekhan To S Korea's Mirae")
Dixon surges 13% in 2 days; hits new high on winning contract from Lenovo
The company's wholly-owned subsidiary, Padget Electronics, has won a contract from Lenovo to manufacture laptops and notebooks under the Production-Linked Incentive (PLI) 2.0 Scheme
 "Dixon surges 13% in 2 days; hits new high on winning contract from Lenovo")
Stocks to Watch: Sun Pharma, Infosys, Dixon, DLF, Mankind Pharma, SpiceJet
Stocks to watch on December 12, 2023: Sun Pharma has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before
 "Stocks to Watch: Sun Pharma, Infosys, Dixon, DLF, Mankind Pharma, SpiceJet")
Rally in Nifty Pvt, PSU Bank indices may be topping out; check strategy
Traders are advised to exercise caution and secure profits in Nifty PSU Bank index on upward movements
 "Rally in Nifty Pvt, PSU Bank indices may be topping out; check strategy")
Desperate retail investors drive India's futures and options craze
The Securities and Exchange Board of India's crackdown on social-media influencers peddling advice is a losing battle.
 "Desperate retail investors drive India's futures and options craze")
The milestone march: Sensex races past 70,000 but rally slows down
Benchmark indices shed early gains as investors await Fed decision
 "The milestone march: Sensex races past 70,000 but rally slows down")
Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani
The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg
 "Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani")
Sebi specifies process to follow for dematerialising units of AIFs
The dematerialisation of AIF units is seen as a significant move towards digitisation, fostering transparency, and enabling effective monitoring of transactions in the financial landscape
 "Sebi specifies process to follow for dematerialising units of AIFs")
We do not expect DIIs to cash out, says Jitendra Arora of ICICI Pru Life
Jitendra Arora, senior executive vice-president and fund manager for equity at ICICI Prudential Life Insurance expects earnings growth for FY24 & FY25 to be around 24% and 14%, respectively.
 "We do not expect DIIs to cash out, says Jitendra Arora of ICICI Pru Life")
60K to 70K: ICICI, ITC, L&T provide biggest lift in Sensex latest 10K lap
Nine index components have dragged the index lower by over 1,600 points since September 2021 and nearly half the components have underperformed
 "60K to 70K: ICICI, ITC, L&T provide biggest lift in Sensex latest 10K lap")
Mutual fund managers find comfort in largecaps as Sensex tops 70,000
P/E multiple expansion in smallcaps and midcaps sharper than largecaps
 "Mutual fund managers find comfort in largecaps as Sensex tops 70,000")
A dose of concern for DRL: Sinks 5% on USFDA 'imminent' warning
Sell-off in response to a brokerage report, raising concerns about a warning on DRL's FTO 3
 "A dose of concern for DRL: Sinks 5% on USFDA 'imminent' warning")
Indian govt bond yields steady before key US Nov inflation prints
India's retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of the RBI's 2%-6% target range, a poll found
 "Indian govt bond yields steady before key US Nov inflation prints")
Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine
Closing Bell on December 11, 2023: The BSE Sensex registered a new summit at 70,058, but eventually settled at 69,929 on Monday. Nifty gained 28 points at 20,997.
 "Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine")
EPFO invested Rs 27,105 crore in exchange trade funds in Apr-Oct: Govt
EPFO had invested Rs 53,081 crore in the ETFs during the fiscal 2022-23, higher than Rs 43,568 crore in 2021-22, Minister of State for Labour and Employment Rameshwar Teli said
 "EPFO invested Rs 27,105 crore in exchange trade funds in Apr-Oct: Govt")
PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark
The Nifty PSU Bank index hit a new high at 5,589, and has rallied over 10 per cent in the last one month.
 "PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark")
A tango: Indian equity market valuation rises as US bond yields ease
Earlier, earnings yields in the Indian equities have risen in line with the rise in bond yields in the US
 "A tango: Indian equity market valuation rises as US bond yields ease")