Page 1205 - Markets News
Sensex slips 248 pts, Nifty near 19,600; Bajaj Auto zooms 6.5%, Nestle 3.5%
Closing Bell on Thursday, October 19, 2023: Bajaj Auto, LTIMindtree, and Nestle India were the top gainers, soaring 6.5%, 6%, and 3.5%, respectively, post their September quarter results
 "Sensex slips 248 pts, Nifty near 19,600; Bajaj Auto zooms 6.5%, Nestle 3.5%")
This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days
In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent
 "This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days")
MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down
From its 52-week low of Rs 26.4 touched on April 28 this year, the stock had leaped 237 per cent to a new 52-week high of Rs 89 on October 17, Tuesday
 "MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down")
Nestle India hits new high; up 2% on 1:10 stock split, healthy Q3 results
The company also declared a second interim dividend of Rs 140 per share for the year 2023.
 "Nestle India hits new high; up 2% on 1:10 stock split, healthy Q3 results")
Stock of this PSU civil construction company zoomed over 60% in 3 months
Share of NBCC (India) hit over 5-year high at Rs 69.90, as they rallied 8 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on back of heavy volumes.
 "Stock of this PSU civil construction company zoomed over 60% in 3 months")
Bajaj Auto, Wipro, Bandhan Bk: Trading strategies in stocks post Q2 results
Charts suggest that Bajaj Auto can potentially rally up to 7 per cent from present levels, while Bajaj Finance, Bandhan Bank and Wipro can tumble up to 21 per cent.
 "Bajaj Auto, Wipro, Bandhan Bk: Trading strategies in stocks post Q2 results")
Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL
The company has received a Letter of Empanelment from MSEDCL for 50,000 Off-Grid SPWPS pumps for the entire state of Maharashtra
 "Shakti Pumps zooms 20% on Rs 1,603-crore order win from MSEDCL")
Bajaj Auto surges 5%, hits record high in weak market on healthy Q2 margin
Bajaj Auto said the margin in Q2 was driven by better realisation and a richer product mix, which more than covered the drag arising from investments on growing electric scooters.
 "Bajaj Auto surges 5%, hits record high in weak market on healthy Q2 margin")
Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk
Stocks to watch on Thursday, October 19, 2023: FMCG majors ITC, Hindustan Unilever and Nestle also likely to be in focus ahead of Q2 results today.
 "Stocks to Watch today: Bajaj Auto, Wipro, RIL, Dabur, IndusInd, Bandhan Bk")
Trading strategies for Nifty Auto, Pharma indices; check key levels here
The Nifty Auto index is exhibiting a bullish trajectory, and can be bought with a stop at 16,436, sugges3ts Ravi Nathani, an independent technical analyst.
 "Trading strategies for Nifty Auto, Pharma indices; check key levels here")
Jaiprakash Associates share prices jump 12% on Adani deal reports
The Adani group, currently operating at a capacity of 70 million tonnes per annum, aims to double this figure to 140 million tonnes within the next five years
 "Jaiprakash Associates share prices jump 12% on Adani deal reports")
Bidding for Blue Jet Healthcare IPO sale set to open on October 25
Bidding for the Initial Public Offering (IPO), which is entirely an offer for sale (OFS) of 2.42 crore shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora -- will conclude on Oct 27
 "Bidding for Blue Jet Healthcare IPO sale set to open on October 25")
UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7%
It had posted a profit after tax of Rs 200 crore in the same quarter of the preceding fiscal, according to a regulatory filing
 "UTI AMC Q2 results: PAT declines 8% to Rs 183 crore, revenue falls 7%")
Shares of Bajaj Finance fall 3% as management projects margin contraction
Bajaj Finance stock: During the recently concluded quarter, Bajaj Finance saw 29 bps year-on-year (YoY) and 11 bps quarter-on-quarter (QoQ) decline in NIM to 10.5 per cent
 "Shares of Bajaj Finance fall 3% as management projects margin contraction")
Dollar gains against euro as Fed, Middle East conflict stay in focus
The dollar is also benefiting from safe haven demand on concerns over the conflict in the Middle East
 "Dollar gains against euro as Fed, Middle East conflict stay in focus")
Sensex sheds 551 pts, Nifty below 19,700 as Middle East crisis worsens
Closing Bell on Wednesday, October 18, 2023: Brent crude futures jumped 3 per cent after Iran called for sanctions and oil embargo against Israel
 "Sensex sheds 551 pts, Nifty below 19,700 as Middle East crisis worsens")
This defence-related stock soared 14.5% in weak market, hit record high
From its March 2023 lows, shares of Astra Microwave Products has more-than-doubled by surging 106 per cent on the bourses
 "This defence-related stock soared 14.5% in weak market, hit record high")
Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit
The USFDA has determined the inspection classification as 'OAI' (Official Action Indicated) post inspection of Biocon's step-down subsidiary in Malaysia.
 "Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit")
Hudco plunges 9% as govt begins partial stake sale via OFS at discount
The floor price for the sale, however, has been set at Rs 79 apiece, which is 12 per cent lower than Tuesday's closing price pf Rs 89.9 per share
 "Hudco plunges 9% as govt begins partial stake sale via OFS at discount")
Oil India hits new high after a 9-year hiatus; rallies 63% so far in 2023
In the last one year, the stock has outperformed the market by zooming 80 per cent, as compared to the 12.3 per cent rise in the S&P BSE Sensex.
 "Oil India hits new high after a 9-year hiatus; rallies 63% so far in 2023")