Page 1247 - Markets News
Maurti Suzuki gains 3% to hit fresh lifetime high in a weak market
The stock of automobile major quoted higher for the fourth straight day, surging 6 per cent during the period
 "Maurti Suzuki gains 3% to hit fresh lifetime high in a weak market")
Rupee depreciates by 0.6% in August on the back of weakening Chinese yuan
The rupee settled at Rs. 82.79 per US dollar on Thursday
 "Rupee depreciates by 0.6% in August on the back of weakening Chinese yuan")
NSE starts onboarding MF platforms as EOPs; shares of Aeroflex gain 50%
Shares of Aeroflex Industries rose over 50 per cent over their issue price in their stock market debut on Thursday
 "NSE starts onboarding MF platforms as EOPs; shares of Aeroflex gain 50%")
Markets see 70% chance of Modi-led BJP forming the next govt: Jefferies
Out of the last four national elections, the previous two elections results were more on the expected lines, yet the Indian market outperformed MSCI AxJ during the election results period
 "Markets see 70% chance of Modi-led BJP forming the next govt: Jefferies")
Rishabh Instruments IPO subscribed by 2.46 times on Day 2 of offer
The initial public offer of global energy efficiency solution company Rishabh Instruments was subscribed 2.46 times on the second day of the offer on Thursday.
 "Rishabh Instruments IPO subscribed by 2.46 times on Day 2 of offer")
Sebi extends timeline for public comments on account aggregator proposal
Sebi on Thursday extended the deadline to September 15 for submission of public comments on a proposal putting in place additional measures
 "Sebi extends timeline for public comments on account aggregator proposal")
SpiceJet up 20% in 3 months despite analysts' skepticism; should you buy?
SpiceJet news: So far this calendar year, shares of SpiceJet have fallen 20 per cent, while they have tumbled 33.16 per cent over the last one year
 "SpiceJet up 20% in 3 months despite analysts' skepticism; should you buy?")
Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort
Closing Bell on August 31, 2023: Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Nestle India, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL slipped up to 1.2 per cent
 "Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort")
Sebi rejigs panel on alternative investment policy; expands to 25 members
Sebi has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space
 "Sebi rejigs panel on alternative investment policy; expands to 25 members")
Indian bond traders nudge govt to raise ultra-long borrowings in H2
India aims to borrow a gross Rs 15.43 trillion via a sale of bonds this financial year. About 42% of that is due to be borrowed in October-March
 "Indian bond traders nudge govt to raise ultra-long borrowings in H2")
MSCI shuffle: REC, HDFC AMC, PFC & others to receive upto $214mn inflows
IDFC First Bank, REC, PFC, Ashok Leyland, HDFC AMC, Cummins India, Astral, and Supreme Industries shares are poised to receive $152 to $214 million inflows today
 "MSCI shuffle: REC, HDFC AMC, PFC & others to receive upto $214mn inflows")
Westlife Foodworld hits new high; stock up 10% in 2 days on healthy outlook
According to analysts, Westlife will continue outperforming peers, with strengthening of the meal platform, snacking leadership and improved touch-points via omni-channel investments
 "Westlife Foodworld hits new high; stock up 10% in 2 days on healthy outlook")
Alok Industries up 13% in muted market as 116 million shares change hands
On August 14, billionaire Mukesh Ambani-owned Reliance Industries said it would likely invest around Rs 14,200 crore in its subsidiaries in the current financial year
 "Alok Industries up 13% in muted market as 116 million shares change hands")
Kalyan Jewellers hits record high in subdued market; zooms 134% in 3 months
The management is upbeat about the upcoming new showroom launches and said they are gearing up with fresh collections and campaigns for the upcoming festive and wedding season across the country
 "Kalyan Jewellers hits record high in subdued market; zooms 134% in 3 months")
Gokaldas Exports crashes 10% as investors book out post 42% rally in 2 days
On Tuesday, the readymade garment manufacturer and exporter entered into an agreement to acquire Atraco Group for $55 million
 "Gokaldas Exports crashes 10% as investors book out post 42% rally in 2 days")
Adani stocks retreat on OCCRP report; Adani Energy, Adani Power slide 4-5%
Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project.
 "Adani stocks retreat on OCCRP report; Adani Energy, Adani Power slide 4-5%")
Medplus Health tumbles 8% as 13% equity changes hands via block deals
As per reports, PI Opportunities Fund and Lavender Rose Investment Ltd were, together, looking to pare their up to 8 per cent stake in the company
 "Medplus Health tumbles 8% as 13% equity changes hands via block deals")
Aeroflex makes stellar debut, lists at 83% premium over its issue price
Backed by famous investor Ashish Kacholia, Aeroflex made a strong debut on exchanges as shares listed at 83% premium of Rs 197.4 over its issue price of Rs 108 per share on the BSE
 "Aeroflex makes stellar debut, lists at 83% premium over its issue price")
Stocks to Watch, Aug 31: Sula Vineyard, RVNL, Natco Pharma, Kamat Hotels
Stocks to Watch on today, August 31, 2023: Verlinvest Asia PTE is seeking to divest up to a 12.56 per cent stake in Sula Vineyards Ltd through a block deal today
 "Stocks to Watch, Aug 31: Sula Vineyard, RVNL, Natco Pharma, Kamat Hotels")
Gokaldas Exports shares settle 18% higher; hit 52-week high for 2nd day
The stock of the company opened on a bullish note at Rs 780, then gained further ground and rallied 18.68 per cent to close at Rs 873.85 apiece on the BSE
 "Gokaldas Exports shares settle 18% higher; hit 52-week high for 2nd day")