Page 1191 - Markets News
Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week
Shares of Jio Financial hit a record high of Rs 325 in intra-day deals on Friday backed by near two-fold jump in trading volumes on the BSE.
 "Jio Financial market cap crosses Rs 2 trillion; surges 20% in one week")
India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood
While market valuation is high, it should be seen in the context of the acceleration in growth, Wood says
 "India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood")
Foreign investors pursue every avenue to access hot India bond trade
Indian sovereign bonds have gained prominence after JPMorgan Chase & Co.'s move to add them to its global debt indexes from June
 "Foreign investors pursue every avenue to access hot India bond trade")
Stocks to Watch today: Voda Idea, SpiceJet, Jana SFB, Angel One, Bandhan Bk
Stocks to watch on Thursday, February 22, 2024: Voda Idea, Texmaco Rail to consider fund raise proposals on February 27; Gujarat Ambuja Exports fixed record date for bonus issue.
 "Stocks to Watch today: Voda Idea, SpiceJet, Jana SFB, Angel One, Bandhan Bk")
F&O strategy: Bull spread recommended on BEL for February expiry
Nandish Shah of HDFC Securities recommends to Buy BEL 195 CALL and simultaneously Sell 200 CALL of the February expiry.
 "F&O strategy: Bull spread recommended on BEL for February expiry")
Buy Nifty FMCG on dips; Metal to gain strength above 8,100, suggest charts
According to Ravi Nathani, an independent technical analyst, technical indicators such as RSI and MACD are signaling potential for a technical pullback in the near term on the Nifty FMCG index.
 "Buy Nifty FMCG on dips; Metal to gain strength above 8,100, suggest charts")
India's stock market value to reach $10 trillion by 2030, says Jefferies
The nation's market, currently the world's fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%
 "India's stock market value to reach $10 trillion by 2030, says Jefferies")
HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline
Analysts at CLSA believe that HPCL, BPCL and IOC were pricing-in much higher than historical marketing margins, and a notable premium to the global peers
 "HPCL, BPCL, IOC slip up to 4% after CLSA recommends Sell; sees 37% decline")
Limited opportunities with PSUs; bet on dividend yield, momentum: Bernstein
Within in PSU space Bernstein prefers ONGC, Coal India, IOC, Bank of Baroda, GAIL, BPCL, Canara Bank, HPCL, Oil India and MRPL.
 "Limited opportunities with PSUs; bet on dividend yield, momentum: Bernstein")
IT stocks lift Nifty to record high; Sensex ends 535 points higher
Benchmark indices swing over 1.6% in intraday trade
 "IT stocks lift Nifty to record high; Sensex ends 535 points higher")
FPIs trim financial exposure: Lowest in six years at 29%, shows data
At 28.97%, allocation lowest since 2018; Down from peak of 41.17%
 "FPIs trim financial exposure: Lowest in six years at 29%, shows data")
Hospital expansion, new business scale-up to drive gains for Apollo
Capacity expansion, rising revenue per bed may spin profits for hospital major over next two years
 "Hospital expansion, new business scale-up to drive gains for Apollo")
Sebi orders attachment of bank, demat accounts of DHFL's ex-promoters
Kapil Wadhawan was the Chairman and MD of DHFL, while Dheeraj Wadhawan was a non-executive director of the company. Both of them were on the board of DHFL
 "Sebi orders attachment of bank, demat accounts of DHFL's ex-promoters")
Sensex gyrates 1,175 pts intraday, ends 535 pts higher; Nifty tops 22,200
Stock market highlights on Thursday, February 22, 2024: The Nifty50 index hit a record high of 22,252.5 in late deals
 "Sensex gyrates 1,175 pts intraday, ends 535 pts higher; Nifty tops 22,200")
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")