Page 1243 - Markets News
Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas
Stocks to Watch on September 8, 2023: As per a Business Standard report, L&T has secured a multi-billion-dollar contract from Saudi Aramco
 "Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas")
F&O: A bull spread strategy for M&M Finance may be suitable for Sept series
The stock price formed bullish hammer candle stick pattern on September 6
 "F&O: A bull spread strategy for M&M Finance may be suitable for Sept series")
LIC Housing Finance, HDB cut fundraise amount due to volatile market
LIC Housing raises Rs 941 cr against indicative Rs 1,500 cr
 "LIC Housing Finance, HDB cut fundraise amount due to volatile market")
Coal India stock surges over 7% on BSE; touches nearly five-year high
The stock finished the day at its highest level since October 2018
 "Coal India stock surges over 7% on BSE; touches nearly five-year high")
Rupee closes at record low vs dollar amid China slowdown concerns
The domestic currency ended the day at 83.21 a dollar compared to 83.14 on Wednesday
 "Rupee closes at record low vs dollar amid China slowdown concerns")
New rules to attract investment to India's $1.4 bn market: JPMorgan
India rolled out several measures over past two years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under six types of ESG strategies
 "New rules to attract investment to India's $1.4 bn market: JPMorgan")
Oil prices slip on weak Chinese outlook despite US stock drawdown
Brent crude futures fell 19 cents, or 0.2%, to $90.41 a barrel by 11:33 a.m. EDT (1533 GMT), while U.S. West Texas Intermediate crude (WTI) futures fell 17 cents, or 0.2% to $87.36
 "Oil prices slip on weak Chinese outlook despite US stock drawdown")
Sebi disposes of adjudication proceedings against state-owned LIC
The regulator had conducted an examination in the matter of alleged non-compliance of MF (Mutual Fund) regulations by LIC with a focus to ascertain if there was any violation of the rules
 "Sebi disposes of adjudication proceedings against state-owned LIC")
Mid, smallcap indices hit record high. Why are markets ignoring oil prices?
India has been substituting expensive crude oil with cheaper imports. This has helped keep inflation-related concerns triggered by rising oil prices at bay
Cochin Shipyard gains 20%, Sandur Manganese lists on NSE, and more
The initial public offering (IPO) of Jupiter Lifeline Hospitals was subscribed 3.3 times on Thursday, the second day of the issue
 "Cochin Shipyard gains 20%, Sandur Manganese lists on NSE, and more")
Bond yields decline as RBI seeks views on settlement via Euroclear platform
The potential settlement of domestic currency bonds through an offshore platform such as Euroclear has been a long-standing topic of discussion
 "Bond yields decline as RBI seeks views on settlement via Euroclear platform")
Markets gain for a fourth consecutive day; Sensex ends 385 points higher
The Sensex increased by 385 points, or 0.6 per cent, to close at 66,266, its highest since 9 August
 "Markets gain for a fourth consecutive day; Sensex ends 385 points higher")
Indian equity market 'like no other': HSBC Global Research report
Strong earnings outlook and superior return on equity help domestic market standout
 "Indian equity market 'like no other': HSBC Global Research report")
Mcap of BSE-listed firms climb to fresh all-time high of Rs 319.10 trn
The BSE benchmark recovered all the early lost ground and finally ended with a gain of 385.04 points or 0.58 per cent at 66,265.56
 "Mcap of BSE-listed firms climb to fresh all-time high of Rs 319.10 trn")
Hospital chain Jupiter Life IPO subscribed 3.3 times on day two of offer
The IPO received bids for 2,80,31,300 shares against 84,97,169 shares on offer, according to NSE data
 "Hospital chain Jupiter Life IPO subscribed 3.3 times on day two of offer")
Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead
CLOSING BELL ON SEPTEMBER 07, 2023: The S&P BSE benchmark index has now gained 1,434 points, and the Nifty 473 points in the last five straight trading sessions.
 "Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead")
L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high
The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback
 "L&T joins Rs 4-trillion market cap club; stock gains 4% to hit new high")
Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%
The contract is anticipated to yield revenue of approximately Rs 10 crore
 "Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%")
J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month
The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings
 "J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month")
Responsive Industries hits record high on order win from Indian Railways
Responsive Industries said bagging two of the nation's most prestigious rail projects -- Garid Rath and Vande Bharat -- underscores the company's unparalleled expertise
 "Responsive Industries hits record high on order win from Indian Railways")