Page 1215 - Markets News
Capri Global zooms 29% in 2 days; to consider bonus, stock split on Jan 27
The board of CGCL is scheduled to meet on January 27, 2024 to consider issuance of bonus shares and approval of sub-division/split of the equity shares of the company
 "Capri Global zooms 29% in 2 days; to consider bonus, stock split on Jan 27")
This PSU stock has zoomed over 100% in last six weeks
MSTC hit a new high of Rs 995.45 and rallied 30% in past three trading days
 "This PSU stock has zoomed over 100% in last six weeks")
PTC surges 10% as arm signs long-term supply pact with Dassault Aviation
The purchase agreement signed between Aerolloy Technologies, wholly owned subsidiary of PTC, and the French military aircraft giant is a 'multi-year' pact
 "PTC surges 10% as arm signs long-term supply pact with Dassault Aviation")
Bank Nifty to see bullish moves above 48,400; MOIL, KPIL top buy calls
Bank Nifty ended the previous session with "Doji" candlestick pattern on the daily chart, which indicates indecision amongst the traders, as per Vinay Rajani
 "Bank Nifty to see bullish moves above 48,400; MOIL, KPIL top buy calls")
Nifty IT seen weak on charts, Nifty Auto rangebound: Check trading strategy
Adding to the cautionary signals, the RSI in Nifty IT index has recently broken below the 70 mark, reaching a reading of 66.27, said Ravi Nathani
 "Nifty IT seen weak on charts, Nifty Auto rangebound: Check trading strategy")
Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM
Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point
 "Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM")
Angel One shares tank after weak Q3; Jio Financial down nearly 7%
Shares of Jio Financial Services Ltd On the NSE, declined 6.48 % to Rs 249.45 per share.The company's market valuation eroded by Rs 11,372.38 crore to Rs 1,58,133.24 crore.In volume terms
 "Angel One shares tank after weak Q3; Jio Financial down nearly 7%")
Indian stocks' valuation premium approaches record against Chinese peers
India - long dubbed the "next China" - has emerged as an investor favorite, aided by solid earnings and a booming consumer market. It's ascent came on the back of a sluggish Chinese market
 "Indian stocks' valuation premium approaches record against Chinese peers")
Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions
The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi's website on Tuesday
 "Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions")
LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low
LIC hit a 20-month high of Rs 895. It has recovered 69 per cent from its 52-week low level of Rs 530.20 touched on March 29, 2023
 "LIC at 20-mth high, nears listing day-lifetime high; up 69% from March low")
Lenders retain AIF holdings even as Reserve Bank of India deadline nears
Industry is awaiting certain relaxations or extensions based on their recommendations
 "Lenders retain AIF holdings even as Reserve Bank of India deadline nears")
GSPC, IGX to set up global hydrogen trading mechanism at GIFT IFSC
The mechanism is expected to enhance transparency, boost investor confidence, and facilitate the growth of the green hydrogen market on a global scale, it said
 "GSPC, IGX to set up global hydrogen trading mechanism at GIFT IFSC")
Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC
The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023
 "Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC")
Fund houses on Sebi's radar for sops to mutual fund distributors
MFDs offered sponsored trips as sales boosting exercise
 "Fund houses on Sebi's radar for sops to mutual fund distributors")
AIF commitments cross Rs 9.5 trillion till September 2023, shows data
The investment commitments are usually received in tranches from investors by the fund managers and are reflected in the total funds raised
 "AIF commitments cross Rs 9.5 trillion till September 2023, shows data")
Sensex sheds 199 pts, Nifty below 22,050 as IT, RIL weigh; Jyoti CNC up 31%
Stock market highlights on January 16, 2024: Among sectors, the Nifty Realty index declined 1.95 per cent, the Nifty IT index 1.3 per cent, and the Nifty Pharma 1.14 per cent
 "Sensex sheds 199 pts, Nifty below 22,050 as IT, RIL weigh; Jyoti CNC up 31%")
Ahead of Q3FY24 results, UBS gives 'buy' call on Paytm, sees 20% upside
Shares of Paytm surged 4.8 per cent to Rs 750 per share on the BSE in Tuesday's intraday trade
 "Ahead of Q3FY24 results, UBS gives 'buy' call on Paytm, sees 20% upside")
Stock of this PSU telecom equipment firm has doubled in four months
Shares of ITI hit a record high of Rs 378 on rallying 20 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes
 "Stock of this PSU telecom equipment firm has doubled in four months")
Jio Financial Services slips 7% post December quarter results
The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.
 "Jio Financial Services slips 7% post December quarter results")
Jyoti CNC makes decent debut; extends gains with 29% surge over issue price
Till 12:11 am, the stock touched a high of Rs 426 on the BSE
 "Jyoti CNC makes decent debut; extends gains with 29% surge over issue price")