Page 1239 - Markets News
PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark
The Nifty PSU Bank index hit a new high at 5,589, and has rallied over 10 per cent in the last one month.
 "PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark")
A tango: Indian equity market valuation rises as US bond yields ease
Earlier, earnings yields in the Indian equities have risen in line with the rise in bond yields in the US
 "A tango: Indian equity market valuation rises as US bond yields ease")
SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days
The company's board to consider options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis today; also to announce Q2 results.
 "SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days")
Jute stocks in demand; Ludlow Jute, Cheviot rally up to 17%; here's why
The Government on Friday approved mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags for the Jute year 2023-24.
 "Jute stocks in demand; Ludlow Jute, Cheviot rally up to 17%; here's why")
IREDA hits 20% upper limit; stock up 166% against issue price in 11 days
IREDA has launched a retail division to gear towards enhancing emphasis on providing loans to borrowers in the PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors.
 "IREDA hits 20% upper limit; stock up 166% against issue price in 11 days")
Subros up 18%, hits new high on order wins of Rs 25 cr from Indian Railways
Average trading volumes jumped over four-fold with a combined around 1.9 million equity shares - representing 2.9 per cent of total equity of Subros - changing hands on the NSE and BSE
 "Subros up 18%, hits new high on order wins of Rs 25 cr from Indian Railways")
Rupee rises 3 paise to 83.37 against US dollar during early trade
At the interbank foreign exchange market, the local unit opened at 83.39 against the dollar and rose to 83.37, up 3 paise from its previous close
 "Rupee rises 3 paise to 83.37 against US dollar during early trade")
Stocks to Watch: Mazagon Dock, Tata Motors, REC, Blue Dart, Cipla, Lloyd
Stocks to Watch on December 11, 2023: REC has signed a 200-million-euro loan agreement with the German bank KfW to enhance the distribution infrastructure of discoms
 "Stocks to Watch: Mazagon Dock, Tata Motors, REC, Blue Dart, Cipla, Lloyd")
Nifty in overbought zone, Wait for dips in Nifty Bank before fresh buying
An optimal approach for Nifty Bank involves patiently awaiting dips and pullbacks to key support levels situated at 46,300, 45,825 and 45,410, says Ravi Nathani
 "Nifty in overbought zone, Wait for dips in Nifty Bank before fresh buying")
Sebi likely to allow non-convertible debentures with lower face value
Further, these issuances will only be interest or dividend-bearing instruments with a simple structure
 "Sebi likely to allow non-convertible debentures with lower face value")
Smallcap pie grows as retail investor faith soars, shows Capitaline data
Mutual funds' average holding in Smallcap 250 Index companies peaks at 9.26%
 "Smallcap pie grows as retail investor faith soars, shows Capitaline data")
68 companies blaze a trail, capturing 56% of India's market; PSUs take lead
FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead
 "68 companies blaze a trail, capturing 56% of India's market; PSUs take lead")
Street Signs: Zomato's share snapback, DOMS soars at 60%, and more
The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang
 "Street Signs: Zomato's share snapback, DOMS soars at 60%, and more")
HUL's growth checkout: Navigating the low-volume aisle in Q3 FY24
Facing a 7% dip against a soaring Sensex, FMCG major's stock outlook raises caution, with investors eyeing volume recovery, pricing manoeuvres, and margin dynamics for cues
 "HUL's growth checkout: Navigating the low-volume aisle in Q3 FY24")
M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers
HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation
 "M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers")
FPIs invest Rs 26,505 cr in equities in first six sessions of December
This came following a net investment of Rs 9,000 crore in October. Before this, overseas investors withdrew 39,300 crore in August and September, data with the depositories showed
 "FPIs invest Rs 26,505 cr in equities in first six sessions of December")
GQG Partners checks in at GMR Airports Infrastructure, buys 4.7% stake
Total 11.8% equity stakes changed hands in block deals
 "GQG Partners checks in at GMR Airports Infrastructure, buys 4.7% stake")
Rs 20 trillion & rising: AUM of active equity mutual funds surges
The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings
 "Rs 20 trillion & rising: AUM of active equity mutual funds surges")
Sebi looks to introduce new 'high-risk' investment vehicle, says Buch
The proposed category will likely have a higher minimum investment threshold but lower than that of PMS
 "Sebi looks to introduce new 'high-risk' investment vehicle, says Buch")
Esma should follow principle of mutual trust, cooperation: T Rabi Sankar
RBI dy governor says not comfortable extraterritorial jurisdiction regulations
 "Esma should follow principle of mutual trust, cooperation: T Rabi Sankar")