Page 1221 - Markets News
TVS Motor's market cap nears Rs 1 trillion; stock surges 55% in 5 months
TVS Motor has entered into a Memorandum of Understanding (MoU) with Guidance, the Nodal Agency of the Government of Tamil Nadu to invest Rs 5,000 crore in 5 years
 "TVS Motor's market cap nears Rs 1 trillion; stock surges 55% in 5 months")
Stock of this company has zoomed 468% in 6 months; to consider split, bonus
The board of directors of Cupid is scheduled to meet on January 23, 2024, to consider and approve Q3 results, proposal of stock split, bonus issue and raising of funds.
 "Stock of this company has zoomed 468% in 6 months; to consider split, bonus")
Fiem Industries zooms 15% as board to consider bonus issue on Jan 15
The management expects the company continue to benefit from its diversified product and customer mix and expects a strong second half driven by the festive season and pick-up in rural demand.
 "Fiem Industries zooms 15% as board to consider bonus issue on Jan 15")
Sula Vineyards hits new high; soars 30% in 2 days on healthy biz outlook
A combined 6.95 million equity shares representing 8 per cent of total equity of Sula had changed hands on the NSE and BSE till 10:09 AM.
 "Sula Vineyards hits new high; soars 30% in 2 days on healthy biz outlook")
Marico, Godrej Consumer slip up to 6% post December quarter biz update
Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.
 "Marico, Godrej Consumer slip up to 6% post December quarter biz update")
GMR Airports Infra hits multi-year high; gains 4% on heavy volumes
Till 10:44 AM, around 176.89 million equity shares, representing 2.93 per cent of total equity of GMR Airports Infrastructure, had together changed hands on the NSE and BSE
 "GMR Airports Infra hits multi-year high; gains 4% on heavy volumes")
Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto
Stocks to Watch on January 8, 2024: Titan's revenue rose 22 per cent YoY in the December quarter (Q3FY24
 "Stocks to Watch: Nykaa, Titan, Adani Wilmar, Marico, Tata Steel, Bajaj Auto")
Nifty likely to consolidate, keep an eye on 21,500; Nifty Bank overbought
According to Ravi Nathani, an independent technical analyst, a breach of 21,500 could trigger a consolidation phase with a negative bias, with Nifty seeking support at 21,125, 20,700, and 20,350.
 "Nifty likely to consolidate, keep an eye on 21,500; Nifty Bank overbought")
Mcap club 2023: Tata group remains No 1; Murugappa, JSW in top 10
Ambani's group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago
 "Mcap club 2023: Tata group remains No 1; Murugappa, JSW in top 10")
Consensus on framework for pricing transactions, deals important: Experts
Late in December, the market regulator sought comments on changes proposed in rumour verification norms through a discussion paper
 "Consensus on framework for pricing transactions, deals important: Experts")
Liquor stocks raise a toast to premiumisation trends, margin gains
Already outperformers in FY24, leading listed players may witness further uptick, say analysts
 "Liquor stocks raise a toast to premiumisation trends, margin gains")
Street signs: Nifty to see sell-on-rise pattern, Jyoti CNC GMP at 23%, more
The grey market premium (GMP) of Jyoti CNC, whose initial public offering (IPO) is opening on Tuesday, is at 23 per cent above its issue price
 "Street signs: Nifty to see sell-on-rise pattern, Jyoti CNC GMP at 23%, more")
Bond sales hit record pace as emerging markets see year of risks ahead
The rush this early in the year underscores a belief that interest rates are as low as they can get for some time to come
 "Bond sales hit record pace as emerging markets see year of risks ahead")
FPIs infuse Rs 4,800 cr in equities in first week of Jan on economic boost
Total FPI flows for 2023 stood at Rs 1.71 trillion in equities and Rs 68,663 crore in the debt markets
 "FPIs infuse Rs 4,800 cr in equities in first week of Jan on economic boost")
M-cap of 6 of 10 most valued firms declines by Rs 57,408 cr; TCS takes hit
The market valuation of TCS fell by Rs 20,929.77 crore to Rs 13,67,661.93 crore, the most among the top-10 firms
 "M-cap of 6 of 10 most valued firms declines by Rs 57,408 cr; TCS takes hit")
Markets to take cues from quarterly earnings of TCS, Infosys, say analysts
Infosys and Tata Consultancy Services (TCS) will announce their earnings on Thursday while the quarterly results of HCL Technologies and Wipro will be out on Friday
 "Markets to take cues from quarterly earnings of TCS, Infosys, say analysts")
CMAI, UK-based VCMI partner to help stakeholders in carbon credit trading
The Carbon Markets Association of India (CMAI) has partnered with global body Voluntary Carbon Market Integrity Initiative (VCMI) to help stakeholders in carbon credit trading.
 "CMAI, UK-based VCMI partner to help stakeholders in carbon credit trading")
Dollar flat after mixed US data, on pace for best weekly gain since July
For the week, the dollar gained 1.1%, on pace for its best weekly rise since mid-July
 "Dollar flat after mixed US data, on pace for best weekly gain since July")
Azim Premji family office gets nod to bet abroad through GIFT City
Premji Invest and billionaire Narayana Murthy-backed Catamaran Ventures were among the first to seek approvals, according to the people
 "Azim Premji family office gets nod to bet abroad through GIFT City")
Albula Investment Fund sells Swan Energy's shares worth Rs 157 crore
Bandhan Mutual Fund (MF), Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund, among others were the buyers of shares
 "Albula Investment Fund sells Swan Energy's shares worth Rs 157 crore")