Page 1177 - Markets News

BSE may buy out S&P Dow Jones Indices' entire 50% stake in joint venture

The move follows a long dispute between the two bourses over exiting the JV, which is responsible for compiling and maintaining popular Sensex and Bankex indices

SBI hits new high, up 31% in 6 weeks; market-cap hits Rs 7 trillion-mark

Brokerages remain upbeat on the stock following strong show in Q3 earnings

AMCs may allow trail commission to mutual fund distributors: Amfi

Commission by Asset Management Companies to the New Distributor Upon a Change by the Investor

Gensol Group's Matrix Gas & Renewables raises Rs 350 cr in pre-IPO round

Funding will help expand gas aggregation business and buy city gas distribution assets, says firm

Bajaj Finance tumbles 5%, hits 10-month low; extends YTD weakness to 15%

Shares of Bajaj Finance settled 4.17 per cent lower on Tuesday at Rs 6,325.25 per share, amid a sharp downturn in the second half of the session

Bajaj twins, IT shares drag Sensex 195 pts, Nifty near 22,350; TaMo up 3.6%

Stock market highlights on March 5, 2024: Tata Motors advanced 3.58 per cent, Bharti Airtel added 3 per cent, and SBI 1.6 per cent

Bloomberg to include India's FAR bonds in EM local currency govt index

The index would encompass 34 Indian securities and represent 7.26% of a $6.18 trillion index on a market value-weighted basis

JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects

The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022

Domestic consumption next catalyst for India equity markets: Trust MF CIO

Indian economy grew 8.4% in the October-December quarter, marking its fastest pace in one-and-a-half years, led by robust manufacturing and construction activity

Select NBFCs rally up to 20% after RBI action on IIFL Finance

Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7% and 20%

SpiceJet jumps 4% on reaching settlement deal with Cross Ocean Partners

SpiceJet in an exchange filing on Tuesday said, the airline reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute worth Rs 93 crore.

CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February

The Nifty IT index was the leading sectoral loser in Tuesday's trade, down nearly 2 per cent at its intra-day low of 36,613. With this, the index has shed 5 per cent from its 52-week high of 38,560

CLSA reiterates 'buy' on Star Health; sees 28% upside ahead

According to the report, Star has also rejected less claims till December FY24, though the company still had the highest rejection ratio

IIFL Finance breaks key support post RBI ban; chart hints more pain ahead

With Tuesday's 20 per cent fall, IIFL Finance was seen trading below its 20-Month Average for the first time after a gap of 3 years. Chart suggests bias to remain weak below this particular level.

Platinum Industries lists at 33% premium over issue price in strong debut

Post listing, Platinum Industries hit a high of Rs 237 and a low of Rs 219 in intra-day trade. At 10:14 am; it was trading at Rs 221.20, about 29 per cent higher over its issue price.

Adani's first bond issue sees massive comeback to international market

Adani Green's bonds paid a yield of 6.7%, 42.5 basis points cheaper than levels initially proposed when the deal was announced this morning, thanks to strong investor demand

Exicom Tele-Systems makes robust debut; lists 86% higher over issue price

Exicom's IPO was subscribed 133.56 times, with non-institutional investors (NII) leading from the front as they bid 159.29 times their allotted quota

IIFL Finance slumps 20% post RBI ban on sanctioning, disbursing gold loans

he RBI observed deviations in assaying and certifying purity and net weight of the gold at the time of sanctioning loans and at the time of auction upon default

Tata Motors demerger: Stock can potentially rally another 27%; hints chart

The stock Tata Motors has so far rallied 32 per cent in 2024, and a solid 145 per cent in FY24. Charts suggest that the bias is likely to remain bullish as long as the stock trades above Rs 975.

Tata Motors tops Rs 1,000; surges 5% on demerger plan of CV, PV businesses

While the demerger seems to be a step in the right direction, Motilal Oswal Financial Services said they do not foresee any need to revisit its target price