Page 1236 - Markets News
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")
Realty index surges 108% from March low; DLF, Godrej Properties soar 100%
Since March 28, the market prices of DB Realty, Puravankara, and Prestige Estates Projects have zoomed over 200 per cent
 "Realty index surges 108% from March low; DLF, Godrej Properties soar 100%")
HUDCO zooms 20% on heavy volumes; stock up 51% from OFS price in 2 months
The average trading volumes at the counter jumped four-fold with a combined 181 million equity shares of HUDCO changing hands on the NSE and BSE till 02:48 PM.
 "HUDCO zooms 20% on heavy volumes; stock up 51% from OFS price in 2 months")
This realty stock has zoomed 104% since October; m-cap nears Rs 50,000 cr
Prestige Estates Projects hit a new high at Rs 1,231.95, up 6% in Thursday's intra-day trade and has surged 46% in past one month amid expectation of healthy demand.
 "This realty stock has zoomed 104% since October; m-cap nears Rs 50,000 cr")
Market cap of BSE-listed firms jumps to record high of Rs 354.41 trillion
Global markets rallied after the US Federal Reserve kept its key interest rate unchanged and signalled that they expect to make three quarter-point cuts to their benchmark interest rate next year
 "Market cap of BSE-listed firms jumps to record high of Rs 354.41 trillion")
Booming Indian coal demand driving up the shares of state-run giants
NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023
 "Booming Indian coal demand driving up the shares of state-run giants")
Adani Ports, NTPC among 5 Nifty stocks in overbought zone; check key levels
In a bull market, stocks tend to remain in overbought zone for a longer period viz-a-viz a bearish phase. Presently, 18 stocks from the Nifty index were technically trading in overbought zone.
 "Adani Ports, NTPC among 5 Nifty stocks in overbought zone; check key levels")
Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%
At 10:12 AM, Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent
 "Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%")
Fusion Micro Finance surges 8% after 10% equity change hands on BSE
Till 09:24 AM; around 10.30 million equity shares representing 10.2 per cent of total equity of Fusion had changed hands on the BSE, the exchange data shows.
 "Fusion Micro Finance surges 8% after 10% equity change hands on BSE")
Stocks to Watch: IRCTC, Fusion, Ultratech, Uno Minda, NBCC, SBI, RBL Bank
Stocks to Watch on December 14, 2023: IRCTC is eyeing a major expansion in the non-railway catering business
 "Stocks to Watch: IRCTC, Fusion, Ultratech, Uno Minda, NBCC, SBI, RBL Bank")
Nifty Metal eyes consolidation, Nifty Pharma trades with negative bias
The advised strategy for the Nifty Metal index is to buy near support levels and sell near resistance
 "Nifty Metal eyes consolidation, Nifty Pharma trades with negative bias")
Muthoot Microfin IPO to open on Dec 18 at price band of Rs 277-291
The funds are expected to augment the capital base of the company. Out of the total, the company plans to raise Rs 760 crore through the sale of fresh equity and Rs 200 crore via Offer for Sale
 "Muthoot Microfin IPO to open on Dec 18 at price band of Rs 277-291")
Stock markets settle marginally higher on late buying; L-T, RIL advance
Among the Sensex firms, NTPC, Power Grid, Mahindra & Mahindra, Larsen & Toubro, Sun Pharma, State Bank of India, Titan and Tata Steel were the major gainers
 "Stock markets settle marginally higher on late buying; L-T, RIL advance")
Sensex, Nifty end mildly higher amid fag-end buying ahead of Fed outcome
Closing Bell on December 13, 2023: The broader market space remained upbeat with the BSE MidCap and SmallCap indices ending 1.06 per cent and 0.73 per cent higher, respectively.
Rupee settles at new closing low of 83.40 on caution ahead of US Fed meet
The dollar index, which measures the strength of the greenback against a basket of six major currencies, rose to 103.95, against 103.78 on Tuesday
 "Rupee settles at new closing low of 83.40 on caution ahead of US Fed meet")
Social stock exchange sees first listing with Unnati Foundation 1st entity
Platform to opens new financing avenue for social enterprises
 "Social stock exchange sees first listing with Unnati Foundation 1st entity")
This recently listed stock has zoomed 74% since its flat debut in November
Shares of Protean eGov Technologies locked in upper circuit of 20 per cent at Rs 1,380 on the BSE on back of heavy volumes
 "This recently listed stock has zoomed 74% since its flat debut in November")
Stock of this PSU power generation company has zoomed 110% in 6 months
NLC today announced its foray into production of construction-grade sand from Mine Overburden with the inauguration of the proposed plant
 "Stock of this PSU power generation company has zoomed 110% in 6 months")
REC, PFC, IRFC zoom over 200% in FY24. Time to exit PSU stocks?
A K Prabhakar, head of research at IDBI Capital, too remains selective and suggests investors exit power sector stocks such as REC and PFC where the run up has been sharp
 "REC, PFC, IRFC zoom over 200% in FY24. Time to exit PSU stocks?")
India Shelter Finance IPO: Should you invest in this housing finance firm?
Here's what brokerages recommend investors should do, with this Rs 1,200 crore IPO which closes for subscription on Friday, December 15.
 "India Shelter Finance IPO: Should you invest in this housing finance firm?")