Page 1197 - Markets News
Sensex wipes off losses to close 268 pts higher; SBI surges 4%, BPCL 7%
Stock market highlights on February 14, 2024: Indian benchmarks Sensex and Nifty defied global market selloff, which came as US reported a hotter-than-expected rise in January retail inflation
 "Sensex wipes off losses to close 268 pts higher; SBI surges 4%, BPCL 7%")
SBI extends rally post Q3 results; soars 5% to new high on steady outlook
In past 15 trading days, the market price of SBI has zoomed 24 per cent as the bank's management remains confident on growth, maintenance of margins and improvement in RoA ahead
 "SBI extends rally post Q3 results; soars 5% to new high on steady outlook")
Sebi warns investors against 'unscrupulous entities' promising high returns
'There can be no guarantees of assured returns in securities market,' says regulator
 "Sebi warns investors against 'unscrupulous entities' promising high returns")
NALCO surges 10% on heavy volumes on strong Q3 earnings
Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 68 per cent YoY to Rs 770 crore, driven by better operating performance in the aluminum business.
 "NALCO surges 10% on heavy volumes on strong Q3 earnings")
HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap
Shares of HDFC Bank hit a 52-week low of Rs 1,363.45, down 2%, falling below its previous low of Rs 1,382.40 touched on January 24.
 "HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap")
Stock of this specialty chemicals company has zoomed 46% in last three days
Shares of Jubilant Industries hit a record high as they remained locked in the 20 per cent upper circuit on the BSE in Wednesday's intra-day trade in an otherwise weak market
 "Stock of this specialty chemicals company has zoomed 46% in last three days")
Capital Small Finance Bank lists on a tepid note; dips 8% below issue price
The stock listed at Rs 430.05, 8 per cent below its issue price of Rs 468 per share on the National Stock Exchange.
 "Capital Small Finance Bank lists on a tepid note; dips 8% below issue price")
IT hardware distributor Rashi Peripherals lists 9% higher over issue price
Post listing, the stock hit a high of Rs 340 and a low of Rs 320.05 on the BSE. At 10:01 am; Rashi Peripherals was trading at Rs 334, up 7.5 per cent over its issue price
 "IT hardware distributor Rashi Peripherals lists 9% higher over issue price")
Jana Small Finance Bank makes weak debut; lists 4% below issue price
The Rs 570-crore initial public offer (IPO) was subscribed 19.89 times, with steady demand across investor categories.
 "Jana Small Finance Bank makes weak debut; lists 4% below issue price")
Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday
Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.
 "Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday")
Here's how to plan your trades in Nifty IT, Auto indices
According to Ravi Nathani, an independent technical analyst, the Nifty IT index seems range-bound on charts, while auto in a declining trend.
 "Here's how to plan your trades in Nifty IT, Auto indices")
Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?
The index had slipped below the 50-DMA back in November 2023, too, but recovered.
 "Nifty Smallcap 250 index tests 50-DMA. Is there more room for downside?")
Portfolio management service schemes outperform in January, shows data
The analysis considered 97 schemes which have the Nifty 50 Total Returns Index as its benchmark. Around 73 outperformed in January
 "Portfolio management service schemes outperform in January, shows data")
Sebi cautions investors against unregistered cos promising assured returns
Capital markets regulator Sebi on Tuesday cautioned investors against placing money with unregistered entities promising assured or exceptionally high returns on investments.
 "Sebi cautions investors against unregistered cos promising assured returns")
Paytm hits new low, falls 10% after Macquarie slashes target to Rs 275
Macquarie sharply cut the target price to Rs 275 from Rs 650, driven by a reduction in revenues across various segments
 "Paytm hits new low, falls 10% after Macquarie slashes target to Rs 275")
RIL becomes 1st Indian co to hit Rs 20 trn m-cap; stock up 29% in 3 months
In the past three months, the RIL stock has surged 29 per cent, outperforming the Sensex (which is up 10 per cent), amid renewed optimism around its growth prospects
 "RIL becomes 1st Indian co to hit Rs 20 trn m-cap; stock up 29% in 3 months")
Investors subscribe Entero Healthcare IPO 1.53 times on final day of offer
The category for Qualified Institutional Buyers (QIBs) got subscribed 2.28 times, while the quota for Retail Individual Investors (RIIs) received 1.33 times subscription
 "Investors subscribe Entero Healthcare IPO 1.53 times on final day of offer")
Markets rebound as inflation eases; Sensex ends 483 points higher
The Sensex ended at 71,555, gaining 483 points, or 0.7 per cent while the Nifty ended at 21,743, with a gain of 127 points or 0.6 per cent
 "Markets rebound as inflation eases; Sensex ends 483 points higher")
Rupee settles flat at 83 against US dollar, touches intraday high of 82.98
The rupee settled flat at 83 against the US dollar on Tuesday, as the support from a rally in domestic equities was negated by a strong greenback overseas and rising crude oil prices.
 "Rupee settles flat at 83 against US dollar, touches intraday high of 82.98")
Sensex ends choppy session 483 pts up; banks, IT stocks rally, metals slide
Stock market updates on February 13, 2024: In the broader markets, indices swung between zones with the BSE MidCap and SmallCap indices, eventually, closing 0.6% and 0.18% up, respectively
 "Sensex ends choppy session 483 pts up; banks, IT stocks rally, metals slide")