Page 1233 - Markets News
Debt fund taxation change breathes life into equity savings scheme
Hybrid MF offering rakes in close to Rs 6,000 crore in FY 2024 so far
 "Debt fund taxation change breathes life into equity savings scheme")
Banks, finance companies lost out in 2023 despite record earnings
BFSI firms hold a weighting of 34.5%, down from 36.7% at the end of Dec 2022
 "Banks, finance companies lost out in 2023 despite record earnings")
IPO wrap: Motisons Jewellers subscribed 51 times, others above two times
It was the penultimate day of the issue for Muthoot Microfin, Motisons Jewellers, and Suraj Estate Developers
 "IPO wrap: Motisons Jewellers subscribed 51 times, others above two times")
Nifty, Sensex could see another 8-10% upside in 2024: HDFC Securities
The brokerage said its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets
 "Nifty, Sensex could see another 8-10% upside in 2024: HDFC Securities")
India's ad to GDP: Stuck at 0.4%
Why is the ratio low? What could be the underlying causes?
 "India's ad to GDP: Stuck at 0.4%")
Sebi mandates periodic PFMIs assessment for depositories, clearing corps
The issue of assessment of PFMI by Sebi-regulated FMIs (Financial Market Infrastructures) was discussed at the regulator's secondary market advisory committee, according to a circular
 "Sebi mandates periodic PFMIs assessment for depositories, clearing corps")
Sensex gains 122 pts amid fag-end buying; Coal India rises 6%, Nestle 5%
Closing Bell on Tuesday December 19: Among sectors, the Nifty FMCG index rose 1.4 per cent , followed by the Nifty PSU Bank (up 0.8 per cent)
 "Sensex gains 122 pts amid fag-end buying; Coal India rises 6%, Nestle 5%")
SBI m-cap nears Rs 6 trillion as stock hits new peak; surges 17% in 1 month
MOFSL estimates PSBs to sustain ongoing earnings traction, aided by improved loan growth, margin stability, and controlled credit costs
 "SBI m-cap nears Rs 6 trillion as stock hits new peak; surges 17% in 1 month")
NTPC market cap touches Rs 3 trillion; zooms 88% thus far in CY 2023
At 01:27 PM, with a market cap of Rs 3.02 trillion, NTPC stood at 20th position in the overall ranking among the BSE listed companies
 "NTPC market cap touches Rs 3 trillion; zooms 88% thus far in CY 2023")
Nestle rallies 6% to fresh high; sets Jan 5 as record date for stock split
The company has fixed January 5, 2024 as the record date to determine shareholders eligible for its 1:10 stock split
 "Nestle rallies 6% to fresh high; sets Jan 5 as record date for stock split")
India Glycols soars 11% on winning ethanol supply order from OMCs, Reliance
The company has won orders worth Rs 1,164 crore for supply of 165.5 million liters of ethanol to BPCL, Indian Oil, HPCL, Reliance Ind and Nayara Energy
 "India Glycols soars 11% on winning ethanol supply order from OMCs, Reliance")
SpiceJet zooms 29% in two days on plans to acquire bankrupt Go First
As per reports, SpiceJet is among the three entities that have shown late interest in acquiring bankrupt carrier Go First. The other two are Sharjah-based Sky One and Africa-based Safrik Investments.
 "SpiceJet zooms 29% in two days on plans to acquire bankrupt Go First")
Share-sale frenzy in Indian market seen continuing in 2024, say bankers
Initial public offerings and follow on share sales in India this year exceeded Hong Kong for the first time in at least 30 years, according to data compiled by Bloomberg
 "Share-sale frenzy in Indian market seen continuing in 2024, say bankers")
Stocks to Watch: Nestle, Zee Ent, Apollo Tyres, Sun Pharma, JTL Ind, NHPC
Stocks to Watch on December 19, 2023: Nestle set Jan 5 as the record date for its stock-split; Sony India is unlikely to extend the timeline for its merger with Zee Entertainment, reported Livemint
 "Stocks to Watch: Nestle, Zee Ent, Apollo Tyres, Sun Pharma, JTL Ind, NHPC")
Nifty PSU Bank, Nifty Private Bank overbought on charts: How to trade?
The identified consolidation range for Nifty PSU Bank is between 5,864 and 5,581 and a close above or below this range would serve as a trigger, says Ravi Nathani
 "Nifty PSU Bank, Nifty Private Bank overbought on charts: How to trade?")
Infosys, TCS, Wipro: Do IT stocks have more steam left? What charts say
Unlike the benchmark Nifty 50, the Nifty IT index is still over 9 per cent shy from its summit. Among the frontline stocks, Infosys, TCS and Wipro look fairly placed on the charts.
 "Infosys, TCS, Wipro: Do IT stocks have more steam left? What charts say")
Sebi likely to relax new disclosure norms around rumour verification
Legal experts said that as such disclosures will have a bearing on stock prices there is a need for tweaks in regulations addressing fraudulent trade practices
 "Sebi likely to relax new disclosure norms around rumour verification")
IPO Wrap: Inox subscribed 61x, Muthoot Microfin is off to a good start
Public issuance of RBZ Jewellers, Happy Forging, and Credo Brands will be open for subscription tomorrow
 "IPO Wrap: Inox subscribed 61x, Muthoot Microfin is off to a good start")
'Exceptional': Nifty likely to end at 21,834 in 2024, says Kotak Securities
The brokerage said several factors in the next few months would set the tone for the global and Indian markets in the first half of next year
 "'Exceptional': Nifty likely to end at 21,834 in 2024, says Kotak Securities")
SGB tranche III opens for subscription, will be available till Dec 22
Sovereign Gold Bond Scheme was launched by the government in November 2015, under Gold Monetisation Scheme
 "SGB tranche III opens for subscription, will be available till Dec 22")