Page 1235 - Markets News
Reserve Bank of India sets sovereign gold bond issue price at Rs 6,199/gram
"For such investors, the issue price of Gold Bond will be Rs 6,149 per gram of gold," the central bank said
 "Reserve Bank of India sets sovereign gold bond issue price at Rs 6,199/gram")
India's forex reserves jump $2.816 bn to $606.859 bn, shows RBI data
The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year
 "India's forex reserves jump $2.816 bn to $606.859 bn, shows RBI data")
Rupee rises to near 3-month high of 83 against US dollar amid stocks rally
The Indian currency had settled at 83.33 a dollar on Thursday
 "Rupee rises to near 3-month high of 83 against US dollar amid stocks rally")
Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump
Closing Bell on December 15, 2023: Among sectors, the Nifty IT index zoomed 4.5 per cent, the Nifty Metal gained 2.13 per cent, and the Nifty PSU Bank index 2.39 per cent
 "Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump")
SBI hits new high after a gap of 1 year; stock surges 5% in 3 days
State Bank of India, on Wednesday, said it will be signing EURO 70 million Line of Credit with KfW (German Development Bank) for supporting Solar PV projects in India
 "SBI hits new high after a gap of 1 year; stock surges 5% in 3 days")
HCL Tech market-cap touches Rs 4 trillion; stock surges 8% in two days
The company thus became the third Indian IT firm to achieve this milestone after Tata Consultancy Services (TCS) and Infosys
 "HCL Tech market-cap touches Rs 4 trillion; stock surges 8% in two days")
Stock of this smallcap cement company has zoomed 64% in one month
Shares of Mangalam Cement hit a new high of Rs 694.40 as they surged 16 per cent on the BSE in Friday's intraday trade
 "Stock of this smallcap cement company has zoomed 64% in one month")
IRFC extends rally with 32% jump in 1 week; hits new high on heavy volumes
The stock hit a new high of Rs 100.84, surging 9 per cent on the BSE in Friday's intra-day trade on the back of heavy volumes
 "IRFC extends rally with 32% jump in 1 week; hits new high on heavy volumes")
Texmaco Rail surges 10% on order win worth Rs 1,374 cr from Railway Board
The Ministry of Railways (Railway Board) has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons
 "Texmaco Rail surges 10% on order win worth Rs 1,374 cr from Railway Board")
Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami
Stocks to Watch on December 15, 2023: eYantra has received a staffing service order worth $900,000 from Nvidia; Plenty Pvt Group & Multiples Pvt Group may sell 2.3% stake in PVR Inox
 "Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami")
Nifty Realty in 'overbought' zone; Nifty MidCap faces resistance at 13,200
A prudent trading strategy in the Nifty Realty index would involve booking profits, and adopting a cash position
 "Nifty Realty in 'overbought' zone; Nifty MidCap faces resistance at 13,200")
Charts signal strength in Exide; Bull Spread Strategy ideal for Dec expiry
Long build up was seen in Exide Futures on Thursday where Open Interest rose by 9 per cent (Prov) and the stock gained 3.20 per cent
 "Charts signal strength in Exide; Bull Spread Strategy ideal for Dec expiry")
Indian PE/VCs deliver higher returns than bourses, says Crisil report
"A key contributor to this success has been the PE-VC markets, which have risked capital and sown financial know-how," said the Crisil report
 "Indian PE/VCs deliver higher returns than bourses, says Crisil report")
Markets soar on dovish US Federal Reserve, Sensex settles atop 70K
US 10-yr treasury yield now below 4% as risk appetite increases
India Shelter Finance booked 4.34x; Credo Brands' IPO to open on Dec 19
Credo Brands Marketing Ltd, which owns denim brand Mufti, on Thursday fixed the price band at Rs 266-280 a share for its Rs 550-crore initial public offering (IPO)
 "India Shelter Finance booked 4.34x; Credo Brands' IPO to open on Dec 19")
Market outlook 2024: Over to the interim Budget, general elections
The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly
 "Market outlook 2024: Over to the interim Budget, general elections")
Government bonds, rupee gain after US Federal Reserve raises hopes
Traders expect the benchmark yield to trade between 7.10 and 7.25 per cent in the near term, given the positive sentiment
 "Government bonds, rupee gain after US Federal Reserve raises hopes")
RIL, Lloyds Metals and Capri Global shine, says Motilal Oswal report
Adani Enterprises emerges as top 'all-round' wealth creator from 2018-23
 "RIL, Lloyds Metals and Capri Global shine, says Motilal Oswal report")
Sensex up 930 pts, Nifty tops 21,150 as Fed sounds dovish; IT, Realty soar
Closing Bell on December 14, 2023: At close, the Sensex index stood at 70,514, up 930 points or 1.34 per cent, while the Nifty50 settled 256 points, or 1.23 per cent, higher at 21,183
 "Sensex up 930 pts, Nifty tops 21,150 as Fed sounds dovish; IT, Realty soar")
US Fed keeps policy rates unchanged for 3rd time: Here're 5 key takeaways
A near unanimous 17 of 19 Fed officials project that the policy rate will be lower by the end of 2024 than it is now
 "US Fed keeps policy rates unchanged for 3rd time: Here're 5 key takeaways")