Page 1245 - Markets News

LIC surges 4% on heavy volumes; stock hits over seven-month high

The stock of state-owned life insurer quoted at its highest level since January 27, 2023 and has recovered 30 per cent from its 52-week low of Rs 530.20 touched on March 29.

Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%

Sugar prices rose to a six-year high on Tuesday, amid concerns over a deficient monsoon.

Gold, silver prices unchanged; yellow metal trading at Rs 60,160 per 10g

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 55,150

Hold Nifty Longs with stop loss of 19,400, says HDFC Securities

At present, more than 87 per cent of stocks are trading above their 200-DMA in NSE500, which indicates strong market breadth

Stocks to Watch: Zee Entertainment, Jio Financial, NBCC, Vedanta, PowerGrid

Stocks to watch on September 6, 2023: Private lender IDBI Bank has filed an appeal against the NCLT order approving the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment

Sebi faces an uphill battle: Why 'finfluencers' will always find addicts

In a recently circulated consultation paper, Sebi vowed to "disrupt the revenue model" of "finfluencers" by forcing all regulated entities to cut ties with them

FMCG index may see pullback rally; Metal index ripe for profit booking

In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175

Sebi plans to usher in the era of 1-hour trade settlement by early 2024

Instant settlement may come into effect by 2024-end

Jio Financial Services to be excluded from NSE indices from Sept 7

Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries

The great reversal: India back on FPI radar in 2023, overtaking China

Global investors bought $17.2 billion worth of shares on a net basis this year through September 1, which more than made up for their retreat in 2022

Oil goes past $90 a barrel after Saudi Arabia, Russia prolong cuts

The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading

Nifty Midcap 100 index hits record high, crosses the 40,000-mark

Latest 5,000-points, or 15%, up move took less than three months

What's behind the rally in PSU stocks, and will the uptrend last?

The S&P BSE PSU index has surged over 26 per cent so far in FY24 as compared to 11 per cent up move in the benchmark S&P BSE Sensex.

Higher growth, margin expansion likely to drive further gains for Emami

Expectations of revenue growth, margin expansion and reduction in share pledge are other triggers

Sebi working on AI tool to curb misselling by mutual funds: Chairperson

She cited a recent incident of a 90-year-old being sold a product with a seven-year lock-in period to illustrate an instance of misselling, and said algorithms will help flag such cases

Sebi issues template for info sharing by CRAs to debenture trustees

"CRAs shall use the same template for their daily submissions of rating revisions to DTs," as per the circular, which will be effective from October 1

Ratnaveer Precision IPO subscribed 18x; Samhi Hotels gets Sebi nod for IPO

Gurugram-based Samhi Hotels and Jaipur-based Motisons Jewellers have received final observation from Sebi

Soonicorn Ventures gets Sebi approval to launch Rs 250 cr angel fund

The newly approved angel fund will have an additional Rs 250 crore available as a green-shoe option, bringing the total fund capacity to Rs 500 crore, the firm said in a statement

4 listed REITs join hands to form industry body to advocate interests

Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust are the founding members of the Indian REITs Association (IRA)

Sebi likely to implement one-hour settlement of trades by March 2024

Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement cycles citing forex-related worries, the official made it clear that faster settlements are optional