Page 1217 - Markets News
Vedanta tanks 6% as Moody's downgrades corporate family rating to Caa2
The downgrade reflects the elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on refinancing its upcoming debt maturities, Moody's said
 "Vedanta tanks 6% as Moody's downgrades corporate family rating to Caa2")
Sai Silks gains 10.3%, SignatureGlobal soars 19% over issue price on debut
SignatureGlobal (SGL) made an impressive stock market debut, with shares soaring nearly 20 per cent to close at Rs 458, up Rs 73 or 19 per cent over its issue price of Rs 385
 "Sai Silks gains 10.3%, SignatureGlobal soars 19% over issue price on debut")
FPIs pull out $1.7 bn in Sept amid rising US bond yields, worst since Jan
The US economy, on the other hand, has remained resilient amid strong consumer spending and a resilient labour market
 "FPIs pull out $1.7 bn in Sept amid rising US bond yields, worst since Jan")
HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%
Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.
 "HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%")
Gift Nifty sets record single day trading of 3.86 mn contracts worth $15 bn
The index surpassed its previous record of a turnover of USD 12.98 billion touched on August 29, NSE IX said in a statement on Wednesday
 "Gift Nifty sets record single day trading of 3.86 mn contracts worth $15 bn")
Margin recovery key for Blue Dart Express stock, volume growth expected
Operating profit margins expected to rise 13% in FY25 on better capacity utilisation, lower Brent-ATF disparity
 "Margin recovery key for Blue Dart Express stock, volume growth expected")
SAT dismisses Sebi penalty on Apollo Tyres in share buyback case
The present appeal was filed against the Sebi's order passed in November, 2018 that levied a penalty of Rs 65 lakh on Apollo Tyres for violation of buyback rules
 "SAT dismisses Sebi penalty on Apollo Tyres in share buyback case")
Sebi fines Rs 2 lakh on CDSL Ventures over delay in audit reporting
The Securities and Exchange Board of India (Sebi) inspected CDSL Ventures Ltd to examine its compliance with the KYC Registration Agency (KRA) regulations
 "Sebi fines Rs 2 lakh on CDSL Ventures over delay in audit reporting")
Valiant Lab IPO sees nearly 33% subscription on first day of bidding
The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 33 per cent on the first day of subscription on Wednesday.
 "Valiant Lab IPO sees nearly 33% subscription on first day of bidding")
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
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")