Page 1192 - Markets News
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")
Sensex sinks 434 pts in fag-end, Nifty holds 22,050; ZEE tanks 14%
Stock market highlights on February 21, 2024: In the broader markets, the BSE MidCap index fell 1.27 per cent, while the BSE SmallCap index declined 0.84 per cent
 "Sensex sinks 434 pts in fag-end, Nifty holds 22,050; ZEE tanks 14%")
NTPC, Power Grid sink 3% on profit taking after rallying up to 21% in 1 mth
The BSE power index, meanwhile, closed calendar year 2023 with gains of 34 per cent with NTPC and Power Grid surging 87 per cent and 48 per cent, respectively, for the year
 "NTPC, Power Grid sink 3% on profit taking after rallying up to 21% in 1 mth")
Medplus slips 2% after board defers expansion plan of diagnostics division
The company's board on Wednesday decided to defer the expansion plans for Diagnostics Division beyond Hyderabad, until the profitability of the pilot project was established.
 "Medplus slips 2% after board defers expansion plan of diagnostics division")
Sterlite Tech soars 9% on entering into strategic partnership with Lumos
Sterlite Technologies said that it has been strategically engaged in co-creating fiber and optical connectivity solutions suited for Lumos
 "Sterlite Tech soars 9% on entering into strategic partnership with Lumos")
HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs
Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.
 "HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs")
ABB India rallies 9% as order book rises 35% in Dec qtr, PAT jumps 13%
In the fourth quarter, total orders rose up by 35 per cent to Rs 3,147 crore
 "ABB India rallies 9% as order book rises 35% in Dec qtr, PAT jumps 13%")