Page 1214 - Markets News
PNB hits over 4-year high, zooms 33% in 1 month; mcap nears Rs 1 trillion
At 02:55 PM, PNB's market cap stood at Rs 90,048 crore
 "PNB hits over 4-year high, zooms 33% in 1 month; mcap nears Rs 1 trillion")
India may not be planning tax changes for bond inclusion in global indices
India is not planning any changes to its tax regime to help Indian government bonds be included on other global indices, a government source said on Wednesday
 "India may not be planning tax changes for bond inclusion in global indices")
Sensex up 173 pts on Nomura upgrade, Nifty tops 19,700; all but banks gain
Closing Bell on September 27, 2023: Among sectors, most of the key indices settled in the positive zone with the Nifty Pharma index gaining the most, up 1.2 per cent
 "Sensex up 173 pts on Nomura upgrade, Nifty tops 19,700; all but banks gain")
Gravita India surges 15%, hits record high on positive business outlook
The management has set an ambitious growth plan called 'Vision 2027', aimed at achieving a compound annual growth rate (CAGR) of at least 25 per cent
 "Gravita India surges 15%, hits record high on positive business outlook")
Sebi examining proposal for extended derivative trading hours: Report
Sebi is assessing whether the extended hours will fuel already high derivative trading volumes and if the trade settlements will be smooth, one source said
 "Sebi examining proposal for extended derivative trading hours: Report")
Sai Silks Kalamandir makes quiet debut; lists 4% higher over issue price
It touched an intra-day high of Rs 238 on the NSE and BSE, at the time of this report. Nearly 18 million equity shares of the company had changed hands on the exchanges in total
 "Sai Silks Kalamandir makes quiet debut; lists 4% higher over issue price")
Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks
Senco Gold hit a new high of Rs 590.55, rallied 11% on the BSE in Wednesday's intra-day trade and now quotes at a hefty 86% premium over its issue price in little more than 2 months.
 "Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks")
HLE Glascoat zooms 16%; here's what fueling the sharp rally at the counter
On Tuesday September 26, DSP Mutual Fund's DSP Micro Cap Fund purchased 2.4 million equity shares representing 3.5 per cent of total equity of HLE Glascoat for Rs 121.25 crore.
 "HLE Glascoat zooms 16%; here's what fueling the sharp rally at the counter")
Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio
Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.
 "Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio")
Signature Global makes healthy debut in weak market, lists at 16% premium
The stock of the real estate firm listed at Rs 445, a 16 per cent premium over its issue price of Rs 385 per share, on the BSE
 "Signature Global makes healthy debut in weak market, lists at 16% premium")
Stocks to Watch today, Sep 27: Infy, HealthCare Global, Suzlon, Century Tex
Stocks to watch on Wednesday, September 27, 2023: Shares of SignatureGlobal (India) and Sai Silk (Kalamandir) to debut on the bourses today.
 "Stocks to Watch today, Sep 27: Infy, HealthCare Global, Suzlon, Century Tex")
Nifty needs to sustain above 19,550 for bullish bias to hold
Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Union Bank and GSFC.
 "Nifty needs to sustain above 19,550 for bullish bias to hold")
Nuvama Wealth Management makes NSE debut; stock settles at Rs 2,612
The company is aiming to double its bottomline in three years underpinned by the growing number of wealthy Indians and their demand for investment solutions
 "Nuvama Wealth Management makes NSE debut; stock settles at Rs 2,612")
Buy the dips in Nifty FMCG, Financials; here's why
According to Ravi Nathani, an independent technical analyst, the 'buy the dips' strategy seems particularly relevant in the current market conditions.
 "Buy the dips in Nifty FMCG, Financials; here's why")
Centre sticks to market borrowing plan for H2FY24; introduces 50-year bond
To borrow Rs 6.55 trillion in second half
 "Centre sticks to market borrowing plan for H2FY24; introduces 50-year bond")
Sebi extends deadline demat a/c nomination; SBI MF promotes DP Singh
In March, the regulator had extended the deadline from March 31 to September 30
MCA in talks with market regulator Sebi to allow issue of fractional shares
The senior official said that Sebi has views on this issue since it impacts the listed companies and will soon be making a presentation to MCA on the matter
Kontor Space IPO kicks off on Wednesday, price band at Rs 93 per share
The issue will conclude on October 3, and the shares will be listed on SME EMERGE platform of the National Stock Exchange, the company said in a statement on Monday
 "Kontor Space IPO kicks off on Wednesday, price band at Rs 93 per share")
Sebi extends deadline to add nominees for demat account holders till Dec 31
Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form
Curbs imposed on companies may apply brakes on rising SME volumes
Market players said the curbs will clamp down on speculative activity and attract serious buyers
 "Curbs imposed on companies may apply brakes on rising SME volumes")