Page 1243 - Markets News
Nomura hikes India exposure; M&M, Fortis, UNO Minda among favourites
Says India is home to many high-quality growth stocks, and is less exposed to global trade slowdown
 "Nomura hikes India exposure; M&M, Fortis, UNO Minda among favourites")
Ready to relook at some AIF norms if assured of no misuse: Sebi official
Ananth Narayan said that RBI has agreed with Sebi's assessment on circumvention by AIFs
 "Ready to relook at some AIF norms if assured of no misuse: Sebi official")
Sebi lays down framework for calculation of Net Distributable Cash Flows
Sebi said that the option to retain 10% distribution needs to be computed by taking together the retention done at SPV level and Trust level
 "Sebi lays down framework for calculation of Net Distributable Cash Flows")
Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950
Closing Bell on December 6, 2023: The benchmarks on the BSE and NSE, along with the MidCap index, hit fresh lifetime highs today
 "Bull run extends on D St! Sensex leaps 353 pts, Nifty nears 20,950")
BSE SME stocks see total m-cap crossing Rs 1 trn on investor exuberance
The BSE SME IPO index has surged over 2,400 per cent since the end of 2019
 "BSE SME stocks see total m-cap crossing Rs 1 trn on investor exuberance")
Nifty Smallcap 250 up 10.2% in November 2023, Nifty 500 rose 7%
Across the board, all sector indices closed the month on a positive note. The realty sector emerged as the top performer, witnessing a substantial increase of 18 per cent.
 "Nifty Smallcap 250 up 10.2% in November 2023, Nifty 500 rose 7%")
Angel One zooms 10%, hits record high on solid biz performance in November
Angel One's client base grew 51.3 per cent year-on-year (Y-o-Y) to 18.45 million
 "Angel One zooms 10%, hits record high on solid biz performance in November")
Tata Power soars 6%; hits new high after 20 months on positive outlook
CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24
 "Tata Power soars 6%; hits new high after 20 months on positive outlook")
These two SME stocks zoom 100% over issue price on debut
Amic Forgings was trading at Rs 251.35 against its issue price of Rs 126 per share, while Deepak Chemtex was quoting at Rs 159.60, against its issue price of Rs 80 per share.
 "These two SME stocks zoom 100% over issue price on debut")
LIC extends rally, surges 23% in two weeks; hits highest level in CY 2023
The stock rallied 5% to Rs 750.55 on the BSE in the intraday trade, quoting close to its 52-week high level of Rs 754.40 touched on December 20, 2022
 "LIC extends rally, surges 23% in two weeks; hits highest level in CY 2023")
This Adani group stock has nearly doubled investor wealth in 8 days
Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes
 "This Adani group stock has nearly doubled investor wealth in 8 days")
Investors' wealth rises by Rs 2.17 trn in deals as markets scale new peaks
Benchmark sensitive indices Sensex and Nifty touched record highs in initial trade on Wednesday, with Nifty nearing the psychologically-important level of 21,000
 "Investors' wealth rises by Rs 2.17 trn in deals as markets scale new peaks")
NSE likely to defer the internal deadline for trading hour extension
Bourse was eyeing a March rollout
 "NSE likely to defer the internal deadline for trading hour extension")
Vedanta's Hindustan Zinc to give interim dividend worth Rs 2,535 crore
Earlier in July, Hindustan Zinc had announced its first interim dividend of Rs 7 per share
 "Vedanta's Hindustan Zinc to give interim dividend worth Rs 2,535 crore")
Patanjali Foods hits record high on healthy biz outlook; soars 24% in 2 mth
The company said it is aiming to increase market share in foods segment through continued focus on biscuits and masala category
 "Patanjali Foods hits record high on healthy biz outlook; soars 24% in 2 mth")
India's stock market value tops $4 trillion, narrowing gap with Hong Kong
The market capitalisation of companies listed on India's exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as one of the best performers
 "India's stock market value tops $4 trillion, narrowing gap with Hong Kong")
Infra, manufacturing, utilities to be biggest beneficiaries of bull market
Apart from the aforementioned traditional sectors, current capex cycle may have additional drivers in the form of new-age sectors such as data centres, AI infrastructure, EVs and green energy
 "Infra, manufacturing, utilities to be biggest beneficiaries of bull market")
Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods
Stocks to Watch on Wednesday, December 6, 2023: Axis Bank has initiated Corporate Insolvency Resolution Process against Digital Ventures Private Limited, wholly-owned subsidiary of Zee Lear
 "Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods")
Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely
The optimal trading strategy for risk-tolerant traders involves selling Nifty IT either at the current levels or on upward movements, suggests Ravi Nathani
 "Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely")
Nifty resistance at 21,193; LIC, India Cement top buy calls by Vinay Rajani
LIC's share has broken out from downward sloping trend line on the weekly chart
 "Nifty resistance at 21,193; LIC, India Cement top buy calls by Vinay Rajani")