Page 1175 - Markets News
GPT Healthcare IPO off to slow start; GMP remains flat: Check details
As of 3 pm, GPT Healthcare IPO was subscribed 30 per cent, led by retail investors, whose portion was subscribed over 50 per cent
 "GPT Healthcare IPO off to slow start; GMP remains flat: Check details")
NCC hits new high; stock rallies 47% in two months on positive outlook
Given the strong revenue growth of 41 per cent in 9MFY24, NCC has upgraded its revenue guidance from 20% plus to 30-33% year-on-year growth in FY24
 "NCC hits new high; stock rallies 47% in two months on positive outlook")
Space related shares rally up to 13% after government eases FDI norms
MIDHANI surged 13 per cent, while MTAR Technologies soared 9 per cent, followed by Data Patterns (India) and Astra Microwave Products
 "Space related shares rally up to 13% after government eases FDI norms")
SDI issuances by corporates to rise to Rs 100 crore in FY2024: ICRA
According to ICRA, since FY20, 18 SDIs have been issued by corporate entities, totalling approximately Rs 250 crore
 "SDI issuances by corporates to rise to Rs 100 crore in FY2024: ICRA")
Stock of this upstream company has zoomed 100% in three months
In the past eight trading days, Oil India has surged 31% after the company achieved a commendable 5.68 per cent increase in crude oil production, reaching 2.511 million metric tonnes in Q3FY24
 "Stock of this upstream company has zoomed 100% in three months")
Sensex falls 1,000 pts in 2 days, Nifty below 22K: 3 reasons for sell-off
Stock market news: The benchmark S&P BSE Sensex dropped 542 points intraday to hit a low of 72,081 levels. On Wednesday, the index ended little over 400 points lower
 "Sensex falls 1,000 pts in 2 days, Nifty below 22K: 3 reasons for sell-off")
Grauer & Weil hits new high on bonus issue plan; zooms 50% thus far in CY24
The board of directors of the company is scheduled to meet on Monday, February 26, 2024, to consider Issue of bonus shares to the shareholders of the company.
 "Grauer & Weil hits new high on bonus issue plan; zooms 50% thus far in CY24")
Analysts bullish on ABB India's biz outlook; stock zooms 19% in two days
ABB, analysts said, is benefiting from demand tailwinds emerging from high-growth areas such as renewables, data centers, railways, metros, and electronics
 "Analysts bullish on ABB India's biz outlook; stock zooms 19% in two days")
Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%
The company will launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Haryana, Punjab and Tamil Nadu today on February 22, 2024.
 "Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%")
BSE index to rise about 9% in 2024, correction unlikely, suggests poll
Breaching the 73,000 mark for the first time in January, the benchmark index is up over 1 per cent this year
 "BSE index to rise about 9% in 2024, correction unlikely, suggests poll")
Stocks to Watch today: RIL, LTIMindtree, Marurti, NBCC, Axis Bk, Zee, Sugar
Stocks to watch on Thursday, February 22, 2024: As many as 15 stocks are in F&O ban today including Ashok Leyland, Balrampur Chini, Biocon, India Cement, PVR Inox and Zee Entertainment.
 "Stocks to Watch today: RIL, LTIMindtree, Marurti, NBCC, Axis Bk, Zee, Sugar")
Nifty Energy: Look for opportunities to sell on rise; Pharma seems sideways
On the upside, the Nifty Energy index is likely to face resistance around 39,650, says Ravi Nathani, an independent technical analyst.
 "Nifty Energy: Look for opportunities to sell on rise; Pharma seems sideways")
Stock markets snap six-day winning streak; Sensex slumps 434.31 points
Equity benchmark indices Sensex and Nifty broke their six-day winning run on Wednesday and settled with a steep fall amid fag-end selling triggered by a rush for profit booking and mixed global cues.
SBI becomes 5th most valuable firm in terms of mcap, surpasses Infosys
The scrip of the state-owned company gained 1.51 per cent to close at Rs 771.55 apiece on the BSE
 "SBI becomes 5th most valuable firm in terms of mcap, surpasses Infosys")
Will IT sector be the dark horse of 2024 on rate cuts? What analysts say
Most global traders now expect the first Fed rate cut to be announced in June against early bets of March
 "Will IT sector be the dark horse of 2024 on rate cuts? What analysts say")
Gautam Chhaochharia appointed as UBS's head of global markets in India
Chhaochharia began his stint at UBS as an analyst covering midcaps and became the head of research in 2013
 "Gautam Chhaochharia appointed as UBS's head of global markets in India")
Mutual funds pare holdings in Zee Ent by 40% post Sony merger deal fallout
Shares held by active MF schemes decline 40% to 173 million
 "Mutual funds pare holdings in Zee Ent by 40% post Sony merger deal fallout")
AIF commitments top Rs 10 trn for first time amid rising demand from HNIs
AIFs investing in private credit picked up steam after Budget presentation
 "AIF commitments top Rs 10 trn for first time amid rising demand from HNIs")
Spike in new MF investors as bull run continues, scheme launches pick up
MFs add 1 million new investors in January, highest in nearly two years
 "Spike in new MF investors as bull run continues, scheme launches pick up")
Asian bonds gain solid inflows on rate cut hopes amid US inflation concerns
India led the way with a robust influx of $2.39 billion into its bonds, the highest since August 2017, fueled by anticipation of its inclusion in JP Morgan's emerging market debt index this year
 "Asian bonds gain solid inflows on rate cut hopes amid US inflation concerns")