Page 1213 - Markets News
Rashi Peripherals raises Rs 150 cr pre-IPO from institutional investors
The round saw participation from institutional investors such as Volrado Venture Partners Fund and Madhuri Madhusudan Kela
Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday
Stock market highlights on January 19, 2024: The S&P BSE Indices will be calculated on Saturday, January 20, 2024 , which is declared as a special trading day by the exchange
 "Sensex gains 496 pts, Nifty tops 21,600; Mkts to hold spl session Saturday")
BSE, NSE to conduct special trading session testing disruption readiness
During the special session, all securities, including those on which derivative products are available, will have a maximum price band of 5 %
 "BSE, NSE to conduct special trading session testing disruption readiness")
Bharti Airtel hits fresh peak, soars 5% on hopes of tariff hikes in 2024
Telecom operators raised tariffs in 2019 and 2021 and analysts at BNP Paribas expect tariff hike in mid-2024 after the general elections
 "Bharti Airtel hits fresh peak, soars 5% on hopes of tariff hikes in 2024")
ICICI Bank Q3 loan book may grow 19%; asset quality seen steady: Analysts
ICICI Bank is scheduled to report its Q3FY24 results on Saturday, January 20
 "ICICI Bank Q3 loan book may grow 19%; asset quality seen steady: Analysts")
Railway-related stocks rally up to 18%; IRFC m-cap crosses Rs 2 trillion
RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.
 "Railway-related stocks rally up to 18%; IRFC m-cap crosses Rs 2 trillion")
OFSS, IRFC zoom up to 70% so far in 2024! Charts show more legs in rally
As many as 274 out of the Nifty 500 stocks held gains as of Jan 19, even as the benchmark BSE Sensex was down 2 per cent for the new year. Here's what charts suggest for select early movers of 2024.
 "OFSS, IRFC zoom up to 70% so far in 2024! Charts show more legs in rally")
Aarti Ind jumps 13% in 2 days on winning long-term contract worth Rs 6K cr
The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs 6,000 crore for the company
 "Aarti Ind jumps 13% in 2 days on winning long-term contract worth Rs 6K cr")
HUDCO rallies 14% on heavy volumes; zooms over 100% since November
Since November, the stock of the state-owned financial institution has zoomed 109 per cent
 "HUDCO rallies 14% on heavy volumes; zooms over 100% since November")
Stock of this packaged foods company has zoomed 75% in 2 months
Prataap Snacks surged 4 per cent in early deals on Thursday as reports said Haldiram's is eyeing a 51 per cent stake in the company
 "Stock of this packaged foods company has zoomed 75% in 2 months")
Rising interest rates threaten India's credit growth, pressure margins
While Samsung Electronics Co. disappointed last week, the country's chip output and shipments grew the most in years in November, reviving optimism about the outlook
 "Rising interest rates threaten India's credit growth, pressure margins")
Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways
Stocks to watch on Friday, January 19, 2024: Tata Steel has reportedly rejected a trade union proposal to keep the blast furnaces operational at Port Talbot Steelworks in Wales, the UK
 "Stocks to Watch on Jan 19: RIL, HUL, REC, Paytm, Tata Steel, Jet Airways")
Nifty FMCG downturn possible below 55,150; Nifty Realty to be rangebound
A prospective downturn is anticipated, contingent upon the Nifty FMCG index breaching the crucial threshold of 55150, as per Ravi Nathani
 "Nifty FMCG downturn possible below 55,150; Nifty Realty to be rangebound")
Bull Spread strategy for Lupin Jan expiry amid long build-up in futures
Oscillators like RSI and MFI are in rising mode and placed above 60 on the weekly chart, indicating strength in Lupin's share, said Nandish Shah
 "Bull Spread strategy for Lupin Jan expiry amid long build-up in futures")
LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected
LTIMindtree's Q3 growth was affected by higher-than-expected furloughs and a continued slowdown in discretionary spending
 "LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected")
Multiple headwinds ahead for ICICI Prudential Life Insurance Company
Commission expenses and expenses of management (EOM) dragged down the profitability. The net profit grew just 2.4 per cent Y-o-Y to Rs 227 crore
 "Multiple headwinds ahead for ICICI Prudential Life Insurance Company")
HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish
Analysts scale back earnings growth estimates for the private sector lender
 "HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish")
SAT refuses stay on market regulator Sebi's order against Brightcom
Sebi had also barred 21 others, including ace investor Shankar Sharma, from diluting their stakes in the company
 "SAT refuses stay on market regulator Sebi's order against Brightcom")
Asian Paints needs fresh coat as margin pressures build up in markets
As competition intensifies, brokerages turn pale on paint maker's stock
 "Asian Paints needs fresh coat as margin pressures build up in markets")
Sebi issues notices to DHFL's ex-promoters in disclosure violation case
Also, the regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days, according to two separate notices
 "Sebi issues notices to DHFL's ex-promoters in disclosure violation case")