Page 1198 - Markets News
This recently listed IPO has slipped 49% from high, dips below issue price
Shares of Flair Writing Industries hit a record low of Rs 264.65 as they were locked in the 10-per cent lower circuit on the BSE on Tuesday
 "This recently listed IPO has slipped 49% from high, dips below issue price")
Trading at India's MCX resumes after 4-hour delay due to technical snag
MCX is primarily a venue to trade gold, silver, crude oil and base metal futures contract in India, a leading importer of these commodities
 "Trading at India's MCX resumes after 4-hour delay due to technical snag")
Hindalco tanks 15% post Novelis December quarter results
Novelis has significantly increased its planned capex spends for its green field expansion at Bay Minette plant from $2.7-2.8 billion to $4.1 billion.
 "Hindalco tanks 15% post Novelis December quarter results")
MSCI February Rejig: NMDC, PNB, BHEL, Union Bank, GMR Airports make the cut
MSCI said that Punjab National Bank and Union Bank are among the three largest additions to the MSCI Emerging Markets Index in terms of full company market capitalization
 "MSCI February Rejig: NMDC, PNB, BHEL, Union Bank, GMR Airports make the cut")
India's weightage climbs to record high on MSCI Global Standard index
India's weightage in the index has nearly doubled since November 2020
 "India's weightage climbs to record high on MSCI Global Standard index")
Stocks to Watch today: GMR Airports, IRCTC, Paytm, HEG, Lemon Tree, PSUs
Stocks to watch on Tuesday, February 13, 2024: IRCTC, BHEL, Hindalco, National Aluminium, Siemens and Zee Entertainment are few of the prominent companies scheduled to announce Q3 results today.
 "Stocks to Watch today: GMR Airports, IRCTC, Paytm, HEG, Lemon Tree, PSUs")
Trading strategies for Nifty PSU, Private Banks & Financial indices
According to Ravi Nathani, an independent technical analyst, the Nifty Financial Index seems to be in a discernible downtrend.
 "Trading strategies for Nifty PSU, Private Banks & Financial indices")
India bond yields fall as focus shifts to key inflation numbers: Report
Last week, the RBI kept policy rates and stance unchanged, while reiterating its commitment to meet the medium-term 4% inflation target
 "India bond yields fall as focus shifts to key inflation numbers: Report")
Global carbon markets value hits record $949 bn in 2023, shows data
The world's most valuable carbon market, the EU's ETS, was worth around 770 billion euros last year, up 2% from the previous year and representing 87% of the global total
 "Global carbon markets value hits record $949 bn in 2023, shows data")
The next few months are likely to see increased volatility: Shiv Sehgal
Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety, Sehgal said
 "The next few months are likely to see increased volatility: Shiv Sehgal")
Rupee rises 7 paise to close at 83 against dollar on easing crude prices
Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they bought shares worth Rs 141.95 crore, according to exchange data
 "Rupee rises 7 paise to close at 83 against dollar on easing crude prices")
Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink
Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent
 "Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink")
Bharat Forge sinks 13% as growth concerns lead to profit booking
Looking ahead in the Q4 & further into FY25, the management said it expects the growth momentum to moderate in both Domestic & Export markets across industries.
 "Bharat Forge sinks 13% as growth concerns lead to profit booking")
SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits
Dhunseri Ventures, WPIL, Jai Corp, Jai Balaji, Waaree Renewable, Apollo Micro, Newgen Software, KPI Green, TRIL and Suzlon Energy were non-CPSEs which were locked in their 5 per cent down circuits
 "SJVN, ITDC, HUDCO, NBCC, MMTC and 513 other stocks freeze at lower circuits")
SpiceJet drops 5% after report says airline mulls laying off 1.4K employees
The fall also comes ahead of the Delhi High Court-set deadline where the airline was ordered to pay $4 million to its engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15
 "SpiceJet drops 5% after report says airline mulls laying off 1.4K employees")
Share price of this hospital company has zoomed over 100% in 5 months
For Q3FY24, Global Health reported a strong 53 per cent year-on-year (Y-o-Y) rise in consolidated net profit to Rs 123.54 crore
 "Share price of this hospital company has zoomed over 100% in 5 months")
Apeejay Surrendra Park Hotels lists at 21% premium over its issue price
The stock listed at Rs 187, a 21 per cent premium over its issue price of Rs 155 per share on the BSE on Monday
 "Apeejay Surrendra Park Hotels lists at 21% premium over its issue price")
Tata Power dips 6% on profit booking post Q3 results
As the country witnesses a surge in power demand, Tata Power is well positioned to capitalise on the growth momentum, the management said
 "Tata Power dips 6% on profit booking post Q3 results")
Amber Enterprises slips 12% on weak December quarter earnings
Increase in finance cost, owing to increase in interest rates and higher depreciation on account of capex done in last year and this year, led to decline in profit after tax
 "Amber Enterprises slips 12% on weak December quarter earnings")
Stocks to Watch today, Feb 12:ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners
Stocks to Watch on Monday, February 12, 2024: Shares of Apeejay Surrendra Park will get listed on stock exchanges on February 12
 "Stocks to Watch today, Feb 12:ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners")