Page 1218 - Markets News

Nifty PSU Bank soars 3%; Bank of India, Union Bank, PNB, UCO rally up to 7%

At 02:35 PM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3 per cent as compared to a 1.2 per cent rise in the Nifty 50

Kamdhenu soars 41% in one week ahead of Board meet for fund raising

A meeting of the Board of Directors of Kamdhenu is scheduled to be held on Saturday, January 13, 2024, to consider and approve the proposal for fund raising

Nazara Technologies surges 8%, hits 52-week high on healthy outlook

For the first half (April to September) of the financial year 2023-24 (H1FY24), Nazara had reported 13 per cent year-on-year (YoY) growth revenue at Rs 551.7 crore

This PSU stock has zoomed 240% in 6 months; market cap nears Rs 1.5 trn

As many as a combined 92.89 million equity shares of IRFC changed in the first hour of trades on the NSE and BSE.

Nifty FMCG may sink 6% if it breaks this level; Metal index rangebound

Traders are advised to keep a watchful eye on the 55,900-mark on the Nifty FMCG index

Stocks to Watch: TCS, Infosys, Tata Power, Nykaa, LIC, M&M,Ultratech Cement

Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks

Sebi proposes changes to ease fundraising, disclosure for listed companies

The regulator proposes considering funds and insurance companies holding 5% in firms post-public offer as large non-public shareholders, as per the paper

F&O strategy: Bull spread on Vedanta; recommends HDFC Securities

Nandish Shah of HDFC Securities recommends to Buy Vedanta 280 CALL and simultaneously sell 290 CALL of the January series.

Expect mid-teen equity returns, no rate cut in 2024, says ABSL AMC

Economic growth, the AMC said, is expected to be led by investments

Flexicap funds fail to flex muscle as schemes stick to largecap bias

Flexicap fund managers maintain over 60% allocation in largecaps consistently, say experts

RIL, Axis Bank help Sensex, Nifty settle in green; broader indices outrun

Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid

Q3FY24 preview: Profit seen flat for HCLTech, Wipro's may drop 11% YoY

As per an average of brokerage estimates, HCLTech may post net profit of Rs 4,101 crore for Q3 versus Rs 4,096 crore reported last year

Reliance Ind extends rally, surges over 5% in two days; stock hits new high

RIL has outperformed the market by surging 11 per cent in the past one month, as compared to 2.6 per cent rise in the S&P BSE Sensex

2-wheeler shares rally; Hero MotoCorp surges 6%, TVS m-cap nears Rs 1 trn

Shares of Hero MotoCorp have soared 18 per cent in the past one month

Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets

Kalyani Steels was declared as successful bidder for acquisition of assets of Kamineni Steel & Power India Private Limited (In Liquidation) for a cash consideration of Rs 450 crore.

Polycab tanks 23% as I-T dept finds Rs 1,000-crore as unaccounted sales

Polycab India, on its part, denied any rumours of tax evasion by the company

Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%

Senco Gold, too, hit a new high of Rs 840 as it zoomed 14 per cent on the back of over six-fold jump in its average trading volumes

Stocks to Watch: SpiceJet, Adani Green, Aster DM, Polycab, Bank of India

Stocks to Watch on January 11, 2024: SpiceJet plans to raise Rs 2,250 crore through a preferential issue of shares and warrants to reduce its debt burden

A fourth of FPI inflows in 2023 went into primary markets, shows data

Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances

Markets piggyback on Reliance Industries rally; Sensex rises 271 points

Shares of RIL rose 2.7 per cent to end at a new record of Rs 2,650, valuing the firm at Rs 17.93 trillion. The stock surpassed its previous record high of Rs 2,620 on July 20, 2023