Page 1238 - Markets News
With 71% jump in 4 days, this PSU stock is at its highest level since 1994
Shares of ITI Limited rallied 7% to Rs 212.45, its highest level since February 1994, on the back of heavy volumes
 "With 71% jump in 4 days, this PSU stock is at its highest level since 1994")
Hindalco surges 7% in 2 days on pact with Italian firm to make rail coaches
Meanwhile, Novelis, as subsidiary of Hindalco, expects global demand for aluminum beverage can sheet to grow at a 3 per cent compounded annual growth rate from 2022 to 2031
 "Hindalco surges 7% in 2 days on pact with Italian firm to make rail coaches")
Sugar stocks rally; Dalmia, Balrampur, Avadh, Uttam, Dhampur soar up to 13%
Significant optimism has returned to the sugar sector due to seasonal factors (festival period), and growing concerns on India's sugar production estimate for the upcoming season
 "Sugar stocks rally; Dalmia, Balrampur, Avadh, Uttam, Dhampur soar up to 13%")
NBCC soars 13%, hits 52-week high on Rs 180-cr order win, MoU with govt
NBCC (India), on Wednesday, signed a quadripartite memorandum of understanding (MoU) with Ministry of Steel, Rashtriya Ispat Nigam Limited (RINL), and National Land Monetisation Corp. Ltd. (NLMC)
 "NBCC soars 13%, hits 52-week high on Rs 180-cr order win, MoU with govt")
Bombay Dyeing hits 20% upper limit as board okays Rs 5200 cr land sale deal
The average trading volumes on the counter jumped over five-fold today with combined 18.96 million equity shares changing hands on the NSE and BSE till 09:24 AM.
 "Bombay Dyeing hits 20% upper limit as board okays Rs 5200 cr land sale deal")
Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing
Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.
 "Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing")
Nifty Pharma, Auto: Here's a guide to plan your trading activity
According to Ravi Nathani, an independent technical analyst, the Nifty Pharma and Auto indices are at critical junctures, hence one needs to watch out for these key levels for planing trades.
 "Nifty Pharma, Auto: Here's a guide to plan your trading activity")
Oil prices rises as expected supply cuts offset inflation concerns
The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, Bank of America analysts said on Wednesday
 "Oil prices rises as expected supply cuts offset inflation concerns")
IIFL Fintech Fund buys 51% in supply chain platform Xtracap for Rs 25 cr
This is the fund's first investment in a supply chain finance firm, the company said in a statement without disclosing any financial details of the transaction
 "IIFL Fintech Fund buys 51% in supply chain platform Xtracap for Rs 25 cr")
RR Kabel IPO subscribed 25% on day 1, price band at Rs 983 to Rs 1,035
The fresh issue component of the IPO is only Rs 180 crore and the remaining is secondary share sale by promoters and TPG
 "RR Kabel IPO subscribed 25% on day 1, price band at Rs 983 to Rs 1,035")
JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr
JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus
 "JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr")
JSW Infra's IPO to open on Sept 25, comprises fresh issue of Rs 2,800 cr
JSW Infrastructure's issue will conclude on September 27, while the bidding for the anchor investors will open on September 22, according to the Red Herring Prospectus
India among top 10 best performing market, gains nearly 3% in dollar terms
The global market capitalisation has declined by 0.7 per cent this month, reaching $106 trillion, mainly due to declines in the US, China, and France markets
 "India among top 10 best performing market, gains nearly 3% in dollar terms")
Active mid, smallcap funds lag behind benchmarks amid red-hot rally
Fund managers expect active funds to regain the edge 'once the froth settles'
 "Active mid, smallcap funds lag behind benchmarks amid red-hot rally")
Sensex up for a ninth day, Nifty closes 20,000 for the first time
Market analysts remain cautious as US inflation data surpasses expectations, raising concerns about the Fed's future actions
 "Sensex up for a ninth day, Nifty closes 20,000 for the first time")
Coffee Day up 20%, hits upper circuit limit after settlement with creditor
The stock rallied 19.77 per cent to settle at Rs 51.26 apiece on the BSE. During the day, it jumped 20 per cent to Rs 51.36 -- its upper circuit limit
 "Coffee Day up 20%, hits upper circuit limit after settlement with creditor")
Cipla on the block: Who's a better fit and what it means for shareholders?
As per IIFL Securities, Cipla with a dominating market share of 7% and 23% in acute therapies like respiratory and anti-infectives, respectively, would strengthen Torrent's position in these
 "Cipla on the block: Who's a better fit and what it means for shareholders?")
PFC gets shareholders' nod to issue bonus shares in proportion of 1:4
"All business items proposed for the 37th AGM of the company have been approved with requisite majority," a BSE filing said
 "PFC gets shareholders' nod to issue bonus shares in proportion of 1:4")
Update details to link PAN and Aadhaar, mismatch leads to failure
Difference of even a single alphabet in the names given means linking won't happen
 "Update details to link PAN and Aadhaar, mismatch leads to failure")
Sensex rises 246 pts, Nifty holds 20,050 in broad rally; PSB index zooms 4%
Closing Bell on September 13, 2023:The gains were led by Bharti Airtel (up 2.7 per cent), Titan, Axis Bank, SBI, IndusInd Bank, Power Grid, NTPC, Tata Motors, Ultratech Cement, and Bajaj Finance
 "Sensex rises 246 pts, Nifty holds 20,050 in broad rally; PSB index zooms 4%")