Page 1234 - Markets News
Nava surges 13%, hits record high in weak market on heavy volumes
In past four months, the stock price of Nava has appreciated by 84 per cent after the company recorded a remarkable financial performance for June quarter (Q1FY24).
 "Nava surges 13%, hits record high in weak market on heavy volumes")
EMS makes strong debut in weak mkt, lists at 34% premium over issue price
The stock listed at Rs 282.05, a 34 per cent premium over its issue price of Rs 221 per share on the National Stock Exchange
 "EMS makes strong debut in weak mkt, lists at 34% premium over issue price")
SJVN slips 10% as government begins partial stake sale via OFS
The government will sell 96.67 million shares, or 2.46 per cent stake, in the company with an option to sell additional 2.46 per cent stake under offer for sale (OFS) route on Thursday and Friday.
 "SJVN slips 10% as government begins partial stake sale via OFS")
Stocks to Watch on Sept 21: Infosys, Sheela Foam, SJVN, Cipla, DCB Bank
Stocks to Watch today, September 21, 2023: The government will sell up to 4.9 per cent stake in SJVN via offer for sale (OFS) on Thursday and Friday
 "Stocks to Watch on Sept 21: Infosys, Sheela Foam, SJVN, Cipla, DCB Bank")
Nifty Pvt Bank index to remain bullish as long as it holds 22,770
According to Ravi Nathani, an independent technical analyst, the interim support levels for the private bank index are placed at 23,420, 23,120, 22,900.
 "Nifty Pvt Bank index to remain bullish as long as it holds 22,770")
HDFC Bank stock slump drags Sensex, Nifty, declines nearly 1.2% each
Crude oil prices, valuation concern trigger biggest fall in 2 months
 "HDFC Bank stock slump drags Sensex, Nifty, declines nearly 1.2% each")
Ola Electric eyes IPO filing by end-October in expedited listing plan
Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion in a recent fund raising
 "Ola Electric eyes IPO filing by end-October in expedited listing plan")
RR Kabel gains 15% on debut, Yatra Online's IPO manages to scrape through
The stock hit a low of Rs 1,141 and a high of Rs 1,213 on the BSE. Shares worth nearly Rs 1,900 crore got traded on NSE and BSE of the company
 "RR Kabel gains 15% on debut, Yatra Online's IPO manages to scrape through")
M&M mcap crosses Rs 2 trn on back of strong order book in SUV segment
M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data
 "M&M mcap crosses Rs 2 trn on back of strong order book in SUV segment")
HDFC shares fell after management indicates asset quality, margin pressure
HDFC Bank said the gross non-performing asset ratio has increased to 1.4% from 1 July, following the merger, as compared to 1.2% of HDFC Bank's as of end of the first quarter
 "HDFC shares fell after management indicates asset quality, margin pressure")
Sebi to relax rules around mandatory borrowing from corporate bond market
Regulator could also clear framework for index providers; decisions likely at Thursday's board meet
 "Sebi to relax rules around mandatory borrowing from corporate bond market")
Sensex tanks 796 pts, Nifty breaks 20,000: Why are markets falling today?
Shares of HDFC Bank and Reliance Industries declined 4 per cent and 2.23 per cent, respectively, on Wednesday, September 20
 "Sensex tanks 796 pts, Nifty breaks 20,000: Why are markets falling today?")
Sensex bleeds 796 pts, Nifty holds 19,900 as HDFC Bank slides 4%, RIL 2%
Closing Bell on Wednesday, September 20: HDFC Bank shares were the biggest dragger on the benchmarks as they dropped nearly 4 per cent, while JSW Steel, and Reliance Industries fell over 2 per cent
 "Sensex bleeds 796 pts, Nifty holds 19,900 as HDFC Bank slides 4%, RIL 2%")
Weighed by earnings hit, HDFC Bank may not perform in near-term: Analysts
Shares of HDFC Bank tumbled 3.7 per cent on the National Stock Exchange (NSE) on Wednesday after the pro-forma financials of the merged entity highlighted higher than expected hit on net worth
 "Weighed by earnings hit, HDFC Bank may not perform in near-term: Analysts")
Investors adopt cautious stance; debt MFs log Rs 25,872 cr outflow in Aug
In terms of categories, liquid funds saw an outflow of Rs 26,824 crore, followed by ultra-short duration funds (Rs 4,123 crore) and banking and PSU funds (Rs 985 crore.)
 "Investors adopt cautious stance; debt MFs log Rs 25,872 cr outflow in Aug")
IFCI zooms 28% in 2 days, hits over 5-year high on huge volumes
Till 02:29 PM: a combined 172 million equity shares representing nearly 7 per cent of total equity of IFCI had changed hands on the NSE and BSE.
 "IFCI zooms 28% in 2 days, hits over 5-year high on huge volumes")
Surya Roshni gains 4% in weak market on fixing record date for stock split
The company has fixed October 6, 2023 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for subdivision of equity share in a ratio of 2:1.
Sensex, Nifty in correction mode; Watch out for these key levels
On Wednesday in intra-day deals, the S&P BSE Sensex was down 660 points at 66,935, while the Nifty50 had shed a per cent or 190 points to 19,944.
 "Sensex, Nifty in correction mode; Watch out for these key levels")
Reliance Industries slides 3% to two-month low; volumes surge on block deal
Till 11:03 AM; around 23 million equity shares, representing 0.35 per cent of total equity of RIL, had changed hands on the NSE, the exchange data shows
 "Reliance Industries slides 3% to two-month low; volumes surge on block deal")
Blue Star surges 15%, hits record high on launch of Rs 1,000 cr QIP issue
The company proposed to raise around Rs 1,000 crore at a floor price of Rs 784.55 per equity share.
 "Blue Star surges 15%, hits record high on launch of Rs 1,000 cr QIP issue")