Page 1198 - Markets News
Samvat 2080: Stock picks from Anand Rathi, Nirmal Bang, Sharekhan, Axis Sec
Here's a list of stocks recommended by top brokerage and research firms that can help you build your portfolio this Diwali.
 "Samvat 2080: Stock picks from Anand Rathi, Nirmal Bang, Sharekhan, Axis Sec")
Stocks to Watch today: RIL, Apollo Tyres, IRCTC, IndiGo, Dilip Buildcon
Stocks to watch on Wednesday, November 08, 2023: Reliance lines-up biggest-ever bond sale worth Rs 24,000 crore; Apollo Tyres, Dilip Buildcon post bumper profit in Q2, stocks likely to react today.
 "Stocks to Watch today: RIL, Apollo Tyres, IRCTC, IndiGo, Dilip Buildcon")
Hold Nifty longs with a stop at 19,276, suggests HDFC Securities
Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy EIH and Doodla Dairy for up to 8 per cent upside.
 "Hold Nifty longs with a stop at 19,276, suggests HDFC Securities")
Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index faces a formidable hurdle between 52,380 - 52,600; a breakout above this range can trigger a fresh wave of buying.
 "Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600")
Markets snap 3 days of rally; settle marginally lower amid volatility
The 30-share BSE Sensex dipped 16.29 points or 0.03 per cent to settle at 64,942.40. During the day, it declined 320.59 points or 0.49 per cent to 64,638.10
 "Markets snap 3 days of rally; settle marginally lower amid volatility")
AIFs seek clarity from Sebi on new valuation norms to address gaps
Industry body IVCA has written to Sebi seeking clarifications on operational challenges, and may seek extension depending on when they receive clarity
 "AIFs seek clarity from Sebi on new valuation norms to address gaps")
Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability
That apart, analysts believe stable profit margins, too, are acting as tailwinds for the companies
 "Zomato, Paytm: Analysts bet on new-age stocks amid improving profitability")
Sensex, Nifty take breather after 3-day winning run; pharma, PSBs rally
Closing Bell on November 7, 2023: The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively
 "Sensex, Nifty take breather after 3-day winning run; pharma, PSBs rally")
RR Kabel soars 10% on strong Q2 performance; zooms 50% over its issue price
Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in its sales volume
 "RR Kabel soars 10% on strong Q2 performance; zooms 50% over its issue price")
Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOCL 4%
In Q2, HPCL logged a consolidated net of Rs 5,827 crore, compared to a loss of Rs 2,476 crore in year ago quarter. Revenue, however, dipped 9.7 per cent YoY to Rs 1.02 lakh crore.
 "Oil & gas shares in demand; ONGC hits 5-year high; HPCL soars 6%, IOCL 4%")
Varun Beverages hits new high, gains 4% on healthy Q3 results
In Q3CY23, Ebitda margins improved by 79 bps to 22.8 per cent Y-o-Y driven by higher gross margins and operational efficiencies
 "Varun Beverages hits new high, gains 4% on healthy Q3 results")
Mamaearth debuts on a quiet note; lists at 2% premium over its issue price
The stock of personal care products company listed at Rs 330 on the NSE, while the stock opened at par against its issue price of Rs 324 on the BSE.
 "Mamaearth debuts on a quiet note; lists at 2% premium over its issue price")
Indo Count surges 8%; stock nears record high on strong Q2 results
The company registered its highest-ever quarterly revenue, volumes and Ebitda during the September quarter.
 "Indo Count surges 8%; stock nears record high on strong Q2 results")
Is the recent optimism in equity markets sustainable? Analysts weigh in
The recent bounce in the markets has been led by a pause in the rate hiking cycle, but the 'higher for longer' narrative is yet to be fully factored in
 "Is the recent optimism in equity markets sustainable? Analysts weigh in")
Stocks to Watch today: Bajaj Finance, Nykaa, HPCL, IRCTC, RR Kabel, Sobha
Stocks to watch on Tuesday, November 7, 2023: Apollo Tyres, Balrampur Chini, CRISIL, IRCTC and Power Grid Corporation among prominent companies scheduled to announce results today.
 "Stocks to Watch today: Bajaj Finance, Nykaa, HPCL, IRCTC, RR Kabel, Sobha")
Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy
According to Ravi Nathani, an independent technical analyst, Nifty Private Bank index can be bought at existing levels, while one should prefer to buy Nifty Financial Services Index on dips.
 "Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy")
Bajaj Finance sets base price for Rs 8,800-crore QIP at Rs 7,250 per share
The NII for the reported quarter improved by 26 per cent to Rs 8,845 crore from Rs 7,002 crore in the same period a year ago
 "Bajaj Finance sets base price for Rs 8,800-crore QIP at Rs 7,250 per share")
Sebi plans for instant settlement of equity trades in non-disruptive manner
Narayan added that Sebi had formed a working group to ease regulations and the registration process for offshore funds under the chairmanship of a former Sebi whole-time member
 "Sebi plans for instant settlement of equity trades in non-disruptive manner")
Explained: How South Korea's ban on short-selling may impact India
Move could delay transition to DM, which when happens is expected to boost India's weighting in MSCI indices
 "Explained: How South Korea's ban on short-selling may impact India")
Cello World makes strong debut, lists at 28% premium over issue price
The stock of the houseware company listed at Rs 831, a 28 per cent premium over its issue price of Rs 648 per share on the BSE
 "Cello World makes strong debut, lists at 28% premium over issue price")