Page 1172 - Markets News
India's blue-chips shares set to continue ascent towards new record highs
India's GIFT Nifty was down 0.05% at 20,132 as of 8:03 a.m. IST. The blue-chip Nifty 50 index on Wednesday settled at 20,096.60, above the 20,000 mark for the first time since Sept. 18
 "India's blue-chips shares set to continue ascent towards new record highs")
GIFT City gears up for direct listings, re-insurance in next growth phase
The first phase followed the creation in 2020 of a new regulator, the International Financial Services Authority, which outlined an ambition to create a welcoming place
 "GIFT City gears up for direct listings, re-insurance in next growth phase")
Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk
Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.
 "Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk")
Bias for Nifty IT index to turn bullish only above 32,664, indicates chart
According to Ravi Nathani, an independent technical analyst, the Nifty Auto index is likely to exihibit bullish trend as it hovers in uncharted territory.
 "Bias for Nifty IT index to turn bullish only above 32,664, indicates chart")
Retail broking revenues could more than double in 5 years: Bain & Company
Bain & Co highlights that the industry has also managed to penetrate beyond the top cities
 "Retail broking revenues could more than double in 5 years: Bain & Company")
India moves to elite club of nations as mcap tops $4 trn for first time
Stocks outside the top 100 universe have made a significant contribution to the mcap growth this year
 "India moves to elite club of nations as mcap tops $4 trn for first time")
Alipay sells entire 3.44% stake in Zomato, Axis MF unveils new fund scheme
WhiteOak Capital Mutual Fund on Wednesday announced the launch of new fund offer (NFO) - Large & Mid Cap Fund, an open-ended equity scheme investing in both largecap and midcap stocks
 "Alipay sells entire 3.44% stake in Zomato, Axis MF unveils new fund scheme")
Municipalities can look at escrow account structure to garner funds: Buch
Sebi's chief Madhabi Puri Buch said said there are a good number of investors who are waiting to invest in urban infrastructure projects
 "Municipalities can look at escrow account structure to garner funds: Buch")
Nifty reclaims 20,000, primed for biggest monthly gain since July 2022
Extended drop in US bond yields and dollar fuels optimism of earlier-than-expected interest rate decline
 "Nifty reclaims 20,000, primed for biggest monthly gain since July 2022")
New businesses to boost growth momentum of Tata Consumer Products
Brokerages favour the stock, citing promising growth prospects and justified rich valuations
 "New businesses to boost growth momentum of Tata Consumer Products")
Sensex soars 728 pts, Nifty ends above 20K after over 2 mths in broad rally
Closing Bell on Wednesday, November 29, 2023: Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent
 "Sensex soars 728 pts, Nifty ends above 20K after over 2 mths in broad rally")
BHEL hits highest level since May 2017; stock zooms 135% in last 8 months
Defence ministry has signed a Rs 2,956 crore contract with BHEL to procure 16 upgraded super rapid gun mount (SRGM) and accessories for Indian Navy.
 "BHEL hits highest level since May 2017; stock zooms 135% in last 8 months")
Renewables lender IREDA hits over $1.8 bn valuation in trading debut
Shares of IREDA, which were listed at 50 rupees, climbed to a high of 57.75 rupees, well above their initial public offer (IPO) price of 32 rupees
 "Renewables lender IREDA hits over $1.8 bn valuation in trading debut")
Nifty at 20K, will the optimism last? Here's what chart suggests
The NSE Nifty may face some resistance around 20,130; above which the index can potentially hit a new all-time high soon.
 "Nifty at 20K, will the optimism last? Here's what chart suggests")
Indo Count zooms 43% in 2 months, surpasses Oct 2021 high on robust outlook
The company's management in the Q2FY24 earning conference call said they are seeing positive signs in the US on a YoY basis as major retailers have initiated restocking activities since Q1FY24
 "Indo Count zooms 43% in 2 months, surpasses Oct 2021 high on robust outlook")
PCBL surges 6% on plan to acquire Aquapharm Chemicals for Rs 3,800 crore
Thus far in the month of November, the stock price of PCBL has rallied 35 per cent, while since April it has been more than doubled or zoomed 133 per cent
 "PCBL surges 6% on plan to acquire Aquapharm Chemicals for Rs 3,800 crore")
IREDA makes stellar debut; stock lists at 56% premium over its issue price
Post listing, the stock of state-owned financial institution company moved higher to Rs 55.45 on the NSE, commanding a hefty 73 per cent premium over its issue price of Rs 32 per share
 "IREDA makes stellar debut; stock lists at 56% premium over its issue price")
Aster DM Healthcare soars 15%; hits new high on stake sale plan in Gulf biz
The company announced on Tuesday that its subsidiary would sell its stake in Aster DM Healthcare FZC to Alpha GCC for $1.01 billion (Rs 8,125 crore).
 "Aster DM Healthcare soars 15%; hits new high on stake sale plan in Gulf biz")
Zomato zooms 4% after over 300 mn shares change hands in block deals
According to a Reuters report, Alipay Singapore Holding has sold its entire 3.44 per cent stake in the company for $400 million
 "Zomato zooms 4% after over 300 mn shares change hands in block deals")
Indian markets hit historic $4 trn market cap milestone for the first time
With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion)
 "Indian markets hit historic $4 trn market cap milestone for the first time")