Page 1241 - Markets News
Sebi to introduce ASBA-like facility for secondary mkt trading from Jan-Feb
This Application Supported by Blocked Amount (ASBA)-like facility already available for the primary market, ensures that the investor's fund gets moved only when the allotment is completed
 "Sebi to introduce ASBA-like facility for secondary mkt trading from Jan-Feb")
Foreign investors turn bullish on Indian stock futures after PM Modi's wins
Overseas funds held 31,549 more long index futures contracts than short contracts as of Thursday, turning to a net bullish position a day earlier for the first time since September
 "Foreign investors turn bullish on Indian stock futures after PM Modi's wins")
India moving towards T+0 for market settlement before end-FY24: Sebi
Currently trades in India are settled in "T+1" or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately
Rate sensitive shares mostly higher as RBI holds repo rate; Auto pack lags
The RBI held the repo rate steady at 6.5 per cent and raised the FY24 GDP forecast to 7 per cent from 6.5 per cent
 "Rate sensitive shares mostly higher as RBI holds repo rate; Auto pack lags")
IREDA soars 14% on heavy volumes; stock zooms 129% against issue price
The stock made its debut on November 29. During the past three decades, IREDA has been supporting all forms of RE -- solar, wind, hydro -- and even newer technologies.
 "IREDA soars 14% on heavy volumes; stock zooms 129% against issue price")
IRB Infra surges 7%; hits new high on healthy toll collection in November
The company and the IRB Infrastructure Trust (Private InvIT), has collectively recorded 20 per cent year-on-year rise in toll collection at Rs 437 crore in the month of November 2023.
 "IRB Infra surges 7%; hits new high on healthy toll collection in November")
Voltas sees long build up: Here's a Bull Spread Strategy for the stock
Long build-up is seen in the Voltas futures on Thursday where Open Interest rose by 7 per cent (Prov)
 "Voltas sees long build up: Here's a Bull Spread Strategy for the stock")
Chart check: Wait for dips in Nifty FMCG; book out profits in Nifty Energy
Traders are advised to exercise patience and wait for opportune moments to capitalize on potential price dips in Nifty FMCG and its stocks, says Ravi Nathani
 "Chart check: Wait for dips in Nifty FMCG; book out profits in Nifty Energy")
Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto
Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years
 "Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto")
State-owned cos seen extending rally on PM Modi's expected re-election
Modi's government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India's $4 trillion stock market
 "State-owned cos seen extending rally on PM Modi's expected re-election")
Ircon OFS kicks off; Doms IPO price band fixed at Rs 750-790 per share
Doms Industries, the stationery and art products manufacturer, has fixed the price band at Rs 750-790 per share
 "Ircon OFS kicks off; Doms IPO price band fixed at Rs 750-790 per share")
SAT sets aside market regulator Sebi's order against IIFL Securities
Sebi alleged that IIFL Securities failed to segregate clients' funds and mixed its own funds with it
 "SAT sets aside market regulator Sebi's order against IIFL Securities")
Private equity major Warburg Pincus divests 1.3% in IDFC FIRST Bank
In September, Cloverdell Investment, also an affiliate of Warburg, had sold 4.2 per cent in IDFC First Bank for Rs 2,480 crore
 "Private equity major Warburg Pincus divests 1.3% in IDFC FIRST Bank")
Markets snap 7-day winning streak on profit booking; Sensex falls 132 pts
The 30-share BSE Sensex fell 132.04 points, or 0.19 per cent, to close at 69,521.69
 "Markets snap 7-day winning streak on profit booking; Sensex falls 132 pts")
LIC reclaims Rs 5 trn market capitalisation mark, shares hit 18-mth high
According to the data released by Life Insurance Council, the premium of Life Insurance Corporation of India (LIC) dropped by 32.86 per cent in November 2023 to Rs 16,134.55 crore
 "LIC reclaims Rs 5 trn market capitalisation mark, shares hit 18-mth high")
Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%
Closing Bell on December 7, 2023: Broader indices, however, outperformed on Thursday - the BSE MidCap index advanced 0.7 per cent, while the SmallCap added 0.3 per cent.
 "Sensex, Nifty snap 7-day winning run, end marginally down; Paytm cracks 19%")
Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%
In the past one month, the S&P BSE Power index has surged 27 per cent, against 7 per cent rise in the S&P BSE Sensex.
 "Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%")
Paytm slumps 20% on likely earnings impact from scaling down postpaid loans
The sub-Rs 50,000 loans majorly constitute the postpaid loan product (buy now, pay later or BNPL), which could be halved going ahead, Paytm said
 "Paytm slumps 20% on likely earnings impact from scaling down postpaid loans")
This smallcap stock hit new high after gap of 15 years; up 47% in 1 month
Shares of Ashapura Minechem were locked in the 5 per cent upper circuit at Rs 460.25 on the BSE.
 "This smallcap stock hit new high after gap of 15 years; up 47% in 1 month")
Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr
With this BEL has in all received orders worth of around Rs 18,300 crore till now in the financial year 2023-24.
 "Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr")