Page 1244 - Markets News
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")
ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse
After the global financial crisis of 2008, the European Union in 2012 had adopted new market infrastructure regulations in order to strengthen and safeguard systems
 "ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse")
Adani Group stocks soar as US dubs Hindenburg allegations irrelevant
Value of GQG's investment up 75% to $7.5 bn
 "Adani Group stocks soar as US dubs Hindenburg allegations irrelevant")
No stopping the bulls: Sensex races past 69K, Nifty50 nears 21,000 mark
Adani stocks emerge biggest market driver
 "No stopping the bulls: Sensex races past 69K, Nifty50 nears 21,000 mark")
Promoter entity of Sapphire Foods India divests 4.2% stake worth Rs 378 cr
The shares were sold at an average price of Rs 1,400.01 apiece, taking the transaction value to Rs 378 crore
 "Promoter entity of Sapphire Foods India divests 4.2% stake worth Rs 378 cr")
Surging gold prices prompt Indians to recycle jewellery for weddings
"Wedding purchases are happening as they are inevitable," said Ashish Pethe, a partner at Waman Hari Pethe Jewellers
 "Surging gold prices prompt Indians to recycle jewellery for weddings")
Sebi removes NSDL IPO from abeyance; Oil drops close to July low
Inox India's and Stanley's IPO comprise secondary share sale of 22.11 million and 9.13 million shares, respectively
 "Sebi removes NSDL IPO from abeyance; Oil drops close to July low")
Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock
"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"
 "Fed cut expectations 'overdone,' volatility to jump in 2024: BlackRock")
Sectors & stocks analysts are betting on post the state poll outcome
This boost to the investor sentiment, said analysts at Jefferies, should augur well for domestic cyclical sectors
 "Sectors & stocks analysts are betting on post the state poll outcome")
Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850
Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day
 "Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850")
BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks
In the past two months, the power index has surged 19 per cent, while in nine months, it zoomed 59 per cent.
 "BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks")
DCB Bank gains 5% as Aga Khan Fund mulls fund infusion of $10 million
The purpose is to further strengthen the bank's capital position and support its growth plans
 "DCB Bank gains 5% as Aga Khan Fund mulls fund infusion of $10 million")
Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap
In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.
 "Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap")
PSBs extend rally; Union, Canara, PNB hit 52-week highs; SBI crosses Rs 600
The Nifty PSU Bank index hit a record high of 5,418.70 in intraday trade on Tuesday, surpassing its previous high of 5,396.85 touched on October 3, 2023
 "PSBs extend rally; Union, Canara, PNB hit 52-week highs; SBI crosses Rs 600")
Bajaj Group tops Rs 10 trn m-cap; Key levels to watch out on major stocks
Among individual shares, Bajaj Finance and Bajaj Finserv look ripe for further upside, while Bajaj Auto may witness some consolidation in the near-term, hint charts.
 "Bajaj Group tops Rs 10 trn m-cap; Key levels to watch out on major stocks")