Page 1181 - Markets News
Elections to disrupt India stocks calm in 2024, says Morgan Stanley
"A potential change in government could lead to changes in the direction of policy reform and execution leading to poor investment sentiment," Morgan Stanley said
 "Elections to disrupt India stocks calm in 2024, says Morgan Stanley")
Markets reverse Muhurat day gains, heavyweights drag down benchmark indices
Most global markets traded mixed as traders eyed key events such as talks between the US and China and the release of US inflation data
 "Markets reverse Muhurat day gains, heavyweights drag down benchmark indices")
Goldman Sachs loads up on Indian markets: Upgrades to 'overweight'
Brokerage cites strong economic growth prospects, steady domestic mutual fund inflows, and a potential supply-chain shift from China
 "Goldman Sachs loads up on Indian markets: Upgrades to 'overweight'")
6 states, 1 UT raise Rs 12,500 cr at bond auction, 16% more than indicated
The union territory of Jammu and Kashmir (J&K) raised Rs 1,100 crore by issuing paper with the longest tenure of 30 years
 "6 states, 1 UT raise Rs 12,500 cr at bond auction, 16% more than indicated")
Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks
Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards
 "Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks")
This PSU co joins Rs 1-trillion m-cap club; zooms 127% in so far in 2023
Thus far in the calendar year 2023 (CY23), the stock price of PFC has zoomed 127 per cent on strong business performance and healthy outlook
 "This PSU co joins Rs 1-trillion m-cap club; zooms 127% in so far in 2023")
Torrent Power jumps 6% to fresh high; soars 92% from January's 52-week low
The net profit growth came on the back of increased contribution from merchant power sales in gas-based power plants, from licensed distribution businesses, higher contribution from renewable business
 "Torrent Power jumps 6% to fresh high; soars 92% from January's 52-week low")
Goldman upgrades Indian equities citing strategic appeal, downgrades China
The Wall Street bank has downgraded its views on China equities several times this year amid pessimism in the country's stock market
 "Goldman upgrades Indian equities citing strategic appeal, downgrades China")
Eicher Motors rises 3% post Q2 results; should you buy, sell or hold?
Despite the competitive pressure, the company posted a healthy volume growth of 10.4 per cent Y-o-Y and marginally on sequential basis to 248,831 units
 "Eicher Motors rises 3% post Q2 results; should you buy, sell or hold?")
Dilip Buildcon soars 7%, hits 52-week high on heavy volumes
The management said the road ahead for the infrastructure segment looks steady and poised to grow, and the company is well-positioned and perfectly equipped to capitalise on this opportunity.
 "Dilip Buildcon soars 7%, hits 52-week high on heavy volumes")
Protean eGov Technologies makes quiet debut, lists at par with issue price
Post listing, the stock moved higher to Rs 823, a premium of 4 per cent over its issue price of Rs 792 per share on the BSE.
 "Protean eGov Technologies makes quiet debut, lists at par with issue price")
Coal India hits over 7-year high post Q2 results; zooms 47% since September
The company also declared the first interim dividend for FY24 at Rs 15.25 per share and fixed November 21, 2023 as the record date for the same
 "Coal India hits over 7-year high post Q2 results; zooms 47% since September")
Aurobindo Pharma hits 52-week high, jumps nearly 4% in a weak market
The stock has been one of the top out-performers so far this month, and gained a whopping 18.5 per cent.
 "Aurobindo Pharma hits 52-week high, jumps nearly 4% in a weak market")
Stocks to Watch today, Nov 13: Protean, Sun TV, CIL, ONGC, BF Utilities
Stocks to Watch on Monday, November 13, 2023: Shares of Protean eGov Technologies will list on the bourses today
 "Stocks to Watch today, Nov 13: Protean, Sun TV, CIL, ONGC, BF Utilities")
10 firecracker largecaps that deliver bang: Brokerage picks for Samvat 2080
Amid concerns over small and midcap valuations, brokerages suggest navigating the investment landscape like a well-timed fireworks display, favouring the brilliance of largecap stocks
 "10 firecracker largecaps that deliver bang: Brokerage picks for Samvat 2080")
Markets kickoff Samvat 2080 on bullish note; Sensex, Nifty gain over 0.5%
Six straight year of gains on muhurat trading day
 "Markets kickoff Samvat 2080 on bullish note; Sensex, Nifty gain over 0.5%")
FPIs selling spree continues; pull out Rs 5,800 cr from equities in Nov
This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed
 "FPIs selling spree continues; pull out Rs 5,800 cr from equities in Nov")
Muhurat Trading 2023: Sensex gains 355 pts on 1st session of Samvat 2080
Muhurat Trading on Diwali, November 12, 2023: Sensex, Nifty clock their second-best Muhurat trading gains in five years. Besides, it was their third-best Muhurat trading gain in 15 years
 "Muhurat Trading 2023: Sensex gains 355 pts on 1st session of Samvat 2080")
BSE shares soar 8%, hit record high on 4x jump in Q2 profit
The board of directors of BSE has approved the fund infusion of Rs 22.36 crores in India India INX and Rs 33.88 crore in India International Exchange (IFSC)
 "BSE shares soar 8%, hit record high on 4x jump in Q2 profit")
Biocon jumps 4% on the back of strong Q2 performance
The stock had shed 16 per cent in Samvat 2079. So far in 2023, the stock has declined 9 per cent as against a near 7 per cent gain on the BSE benchmark.
 "Biocon jumps 4% on the back of strong Q2 performance")