Page 1173 - Markets News
Adani Energy, Ambuja Cements: Adani group shares trade firm in weak market
Adani Enterprises and Adani Green Energy have touched their respective 52-week highs in intra-day trade today.
 "Adani Energy, Ambuja Cements: Adani group shares trade firm in weak market")
PB Fintech zooms 9%, hits 52-week high in weak market; stock up 41% in 2024
PB Fintech Ltd, turned profitable for the first time in the October to December quarter with a profit after tax of Rs 37.2 crore
 "PB Fintech zooms 9%, hits 52-week high in weak market; stock up 41% in 2024")
Rain Industries tumbles 11% on Q4 loss
Rain Industries reported a net loss of Rs 1,118.80 crore for the December quarter, while revenue from operations declined over 24% to Rs 4,101 crore.
 "Rain Industries tumbles 11% on Q4 loss")
SpiceJet rallies over 4% as it settles dispute with Celestial Aviation
With this, aircraft lessor Celestial Aviation, that had demanded unpaid dues of $30 million, is expected to withdraw its insolvency plea against the carrier
 "SpiceJet rallies over 4% as it settles dispute with Celestial Aviation")
Data Patterns surges 24% in 3 days after govt eases space FDI norms
Since February 16, in past eight trading days, the market price of Data Patterns has zoomed 37% after the Singapore sovereign wealth fund GIC acquired over 6% stake valued at Rs 650 crore.
 "Data Patterns surges 24% in 3 days after govt eases space FDI norms")
Adani shares buck trend, rally up to 5% in a slippery market
Renewed confidence among overseas investment firms has helped lift sentiment at the Adani Group counters on BSE and NSE.
 "Adani shares buck trend, rally up to 5% in a slippery market")
Tata Group eyeing $1-2 bn IPO of electric vehicle arm in 12-18 mths: Report
As per the report, the Tata group is aiming for a $1-2 billion initial public offering (IPO) of the EV unit and the listing could happen in the next 12-18 months
 "Tata Group eyeing $1-2 bn IPO of electric vehicle arm in 12-18 mths: Report")
This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap
In past one month, Varun Beverages has outperformed the market by surging 24 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.
 "This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap")
Paytm gains 5% as RBI asks NPCI to become third-party application provider
The RBI has asked the National Payments Corporation of India (NPCI) to look into the possibility of migrating Paytm Payments Bank customers, using the UPI handle '@paytm', to four-to-five other banks
 "Paytm gains 5% as RBI asks NPCI to become third-party application provider")
Stocks to watch on Feb 26: Reliance, HDFC Bank, Infibeam, Paytm, Skipper
Stocks to watch on February 26, 2024: Infibeam Avenues: The company has acquired a 20 per cent strategic stake in US-based AI development company XDuce
 "Stocks to watch on Feb 26: Reliance, HDFC Bank, Infibeam, Paytm, Skipper")
Nifty, Bank Nifty in indecisive mode; Watch out for these key levels
Nifty likely to see a directional move on breakout from the 22,100 - 22,325 trading range, says Ravi Nathani, an independent technical analyst.
 "Nifty, Bank Nifty in indecisive mode; Watch out for these key levels")
Street signs: Sebi's deep dive, Exicom's IPO power surge, and more
Electric vehicle charging firm Exicom Tele-Systems' Rs 430 crore initial public offering (IPO) is likely to break the recent weak listing trend
 "Street signs: Sebi's deep dive, Exicom's IPO power surge, and more")
IOC, Gail and ONGC fined for failure to appoint directors on their board
Listing norms require companies to have independent directors in the same proportion as executive or functional directors. They are also required to have at least one woman director on the board
 "IOC, Gail and ONGC fined for failure to appoint directors on their board")
Markets to focus on global trends; may face volatility, say analysts
In the latest bi-monthly policy review held earlier this month, the Reserve Bank of India's six-member panel decided to leave the key policy rate unchanged at 6.5 per cent for the sixth time in a row
 "Markets to focus on global trends; may face volatility, say analysts")
Brokers should be cautious against manipulations in stock mkt: Sebi member
Emphasising the importance of investor trust, Varshney said that if there is no trust of investors, "everything will fail"
 "Brokers should be cautious against manipulations in stock mkt: Sebi member")
Nvidia's stellar result shifts focus to AI-linked stocks of Indian firms
Shares of Nvidia rose 16 per cent after its result, adding $277 billion in market cap to $1.96 trillion, making it the third-most valuable company in the US ahead of Amazon
 "Nvidia's stellar result shifts focus to AI-linked stocks of Indian firms")
Market regulator Sebi proposes easing investment norms for passive funds
Plans to give index funds, ETFs exemption from 25% investment cap in group firms
 "Market regulator Sebi proposes easing investment norms for passive funds")
TV Mohandas Pai to chair panel to boost direct listing at Gift City
The committee will also advise on scaling global debt market in Gift City
 "TV Mohandas Pai to chair panel to boost direct listing at Gift City")
Software firm Trust Fintech raises Rs 5.42 cr in pre-IPO funding round
Earlier this month, the company filed preliminary papers for the Initial Public Offering (IPO) and the shares are expected to be listed on NSE Emerge in March
 "Software firm Trust Fintech raises Rs 5.42 cr in pre-IPO funding round")
Benchmarks slip, broader indices rally; PSB, FMCG, IT stocks weigh
Stock market highlights on February 23, 2024: Asian Paints, Maruti Suzuki, HCL Tech, NTPC, SBI, TCS, JSW Steel, IndusInd Bank, Bharti Airtel, ITC, Axis Bank, and TCS were the top laggards
 "Benchmarks slip, broader indices rally; PSB, FMCG, IT stocks weigh")