Page 1239 - Markets News
GMR Power wins new contract for smart meters; stock hits 10% upper limit
Earlier on September 3, GMR Group had received Letter of Award (LOA) worth Rs 5,123 crore for smart metering project from Purvanchal Vidyut Vitran Nigam Limited.
 "GMR Power wins new contract for smart meters; stock hits 10% upper limit")
Amber, FSL, Balaji Amines: 5 smallcap stocks that can fall up to 14%
Despite the recent downturn, the broader trend for the Nifty SmallCap index is likely to remain positive as long as the index holds above the 12,050-level.
 "Amber, FSL, Balaji Amines: 5 smallcap stocks that can fall up to 14%")
Ajanta Pharma surges 11% in subdued market on healthy business outlook
In the past two months, the stock has surged 35 per cent after it reported a healthy set of numbers for June quarter
 "Ajanta Pharma surges 11% in subdued market on healthy business outlook")
This Ashish Kacholia-owned education stock has zoomed over 69% in 3 days
Shares of NIIT moved higher by 19% to Rs 139 on the BSE in Wednesday's intra-day trade, zooming 69 per cent in the past three trading days
 "This Ashish Kacholia-owned education stock has zoomed over 69% in 3 days")
Two Adani firms among top five large-cap stocks bought by MFs in August
Adani Power, Adani Energy Solutions, Vedanta, Interglobe Aviation and Dabur India were the top five stocks bought in the month gone by
 "Two Adani firms among top five large-cap stocks bought by MFs in August")
KEC Intl hits new high, gains 11% on winning orders worth Rs 1,012 cr
With these orders, the company's year-to-date order intake stands at a record level of over Rs 6,500 crore, a strong growth of 11 per cent over the last year
 "KEC Intl hits new high, gains 11% on winning orders worth Rs 1,012 cr")
Wall Street dips, the dollar strengthens ahead of key inflation data
One week from today, the central bank is due to convene its two-day policy meeting, at which the Fed is broadly expected to let current key interest rates stand
 "Wall Street dips, the dollar strengthens ahead of key inflation data")
Stocks to Watch today, Sep 13: Infosys, Vedanta, BoB, Paytm, KEC, SpiceJet
Stocks to watch on Wednesday, September 13, 2023: Steel stocks too may see some action India and the US plan to enable exports of at least 336,000 tonnes of certain steel and aluminium products withou
 "Stocks to Watch today, Sep 13: Infosys, Vedanta, BoB, Paytm, KEC, SpiceJet")
Nifty may outperform the broader market in the near term: HDFC Securities
Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Infosys and Sun Pharma.
 "Nifty may outperform the broader market in the near term: HDFC Securities")
Nifty Pvt Bank, FMCG indices: Here's why you should buy the dips
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index may trade sideways, while the Nifty PSU Bank index is expected to trade with a positive bias.
 "Nifty Pvt Bank, FMCG indices: Here's why you should buy the dips")
Volume, margin movement to be key drivers for Concor stock going ahead
Despite the weak Q1 show, the company is confident of meeting its EXIM growth target of 10-12% in FY24 given signs of recovery, and expects to maintain margins at the FY23 level (22.7%)
 "Volume, margin movement to be key drivers for Concor stock going ahead")
Mid, smallcap indices drop most in 9 months; Nifty50 off new high
The sharp selloff shaved off Rs 5 trillion in market value of the beyond -top 50 companies, which account for less than half of the total market capitalisation
 "Mid, smallcap indices drop most in 9 months; Nifty50 off new high")
Oil prices jump 2% to near 10-month high as Opec predicts tight supplies
Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S. West Texas Intermediate (WTI) crude rose $1.91, or 2.2%, to $89.20
 "Oil prices jump 2% to near 10-month high as Opec predicts tight supplies")
Bank of America survey says 'dramatic shift' towards high-flying US stocks
US equities have outperformed global peers this year, with the S&P 500 Index rising 17 per cent
 "Bank of America survey says 'dramatic shift' towards high-flying US stocks")
UPI moment for markets: In 21 yrs, Sebi shortened trade settlements to T+1
The T+1 hour trade settlement cycle will put India at the top of the settlement deck among the prominent stock markets
 "UPI moment for markets: In 21 yrs, Sebi shortened trade settlements to T+1")
Sebi imposes Rs 35 lakh fine on 7 entities for non-genuine trades
Capital market regulator Sebi has imposed fines totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE
 "Sebi imposes Rs 35 lakh fine on 7 entities for non-genuine trades")
Auto index hits speed bump, loses 1.8% after Nitin Gadkari's flip-flop
Tata Motors, Mahindra & Mahindra and Ashok Leyland fell 2.19 per cent, 1.55 per cent and 2.68 per cent, respectively
 "Auto index hits speed bump, loses 1.8% after Nitin Gadkari's flip-flop")
Nifty at 21,000 by Diwali? It's possible, say technical analysts
Thus far in calendar year 2023 (CY23), the S&P BSE Sensex and the Nifty 50 have seen a good run with both the indices surging nearly 10 per cent during this period
 "Nifty at 21,000 by Diwali? It's possible, say technical analysts")
Zomato stock rally may show signs of exhaustion from here on: Analysts
This is because the stock price of Zomato is factoring in all the positives, including earnings growth
 "Zomato stock rally may show signs of exhaustion from here on: Analysts")
High on cash, MFs can support market in near term, says Goldman Sachs
According to the report, these schemes together manage assets worth $6.7 billion
 "High on cash, MFs can support market in near term, says Goldman Sachs")