Page 1247 - Markets News
Satyam Computer case: Sebi lowers disgorgement amount to Rs 622 crore
In February, the Securities Appellate Tribunal (SAT) had remanded the matter back to Sebi, directing it to recalculate the unlawful gains and reconsider the ban on the promoters
 "Satyam Computer case: Sebi lowers disgorgement amount to Rs 622 crore")
Warning Letter for Pithampur SEZ facility remains an overhang for Cipla
While some brokerages believe that the issue could escalate and be detrimental for Cipla, others believe that the Warning Letter was on expected lines and the impact may not be meaningful
 "Warning Letter for Pithampur SEZ facility remains an overhang for Cipla")
SCORES: Sebi extends deadline for implementation of new norms till Apr 2024
The designated bodies are required to apply for SCORES authentication and/or for Application Programming Interface (API) integration with SCORES within a specified time period
 "SCORES: Sebi extends deadline for implementation of new norms till Apr 2024")
Megastar Foods plans to raise Rs 42 cr through preferential issue of shares
The company would seek the approval of the shareholders at the extraordinary general meeting
 "Megastar Foods plans to raise Rs 42 cr through preferential issue of shares")
BOJ survey highlights strong bond market strains from ultra-easy policy
Former Governor Haruhiko Kuroda deployed QQE in April 2013, aiming to shock the public out of a deflationary mindset with heavy money printing, and fire up inflation to the bank's 2% target
 "BOJ survey highlights strong bond market strains from ultra-easy policy")
IIFL Samasta to raise Rs 1,000 cr via bonds, offers 10.50% return per annum
The bonds, which opens for subscription on Monday, proposes to offer highest coupon rate of 10.50 per cent per annum for tenor of 60 months
 "IIFL Samasta to raise Rs 1,000 cr via bonds, offers 10.50% return per annum")
Sensex leaps 493 pts, Nifty ends at record closing high of 20,268
Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade
 "Sensex leaps 493 pts, Nifty ends at record closing high of 20,268")
Sebi must act in public interest: HC raps body order non-compliance
A division bench of Justices G S Kulkarni and Jitendra Jain said such an approach by the SEBI would cause a dent in the confidence reposed in the public body by investors
 "Sebi must act in public interest: HC raps body order non-compliance")
Sensex soars nearly 1,400 points this week; Here's what led to the rally
November was a blockbuster month for the Nifty index, which rose 5.5 per cent, the most since July 2022
 "Sensex soars nearly 1,400 points this week; Here's what led to the rally")
Stock of this EMS player hit 52-week high today; stock up 41% in 6 months
Shares of Dixon Technologies sprinted 9.5 per cent and hit a fresh 52-week high of Rs 6,034.75 apiece on the BSE
 "Stock of this EMS player hit 52-week high today; stock up 41% in 6 months")
Hindustan Aeronautics up for 6th straight day; soars 5% on healthy outlook
In the past 10 months, the stock price of HAL has zoomed 111 per cent. Moreover, from its March 2020 low, it has skyrocketed 1,016 per cent
 "Hindustan Aeronautics up for 6th straight day; soars 5% on healthy outlook")
Flair Writing makes strong debut, lists at 65% premium over its issue price
The stock listed at Rs 503 on the BSE and at Rs 501 on the NSE. The issue price was Rs 304 per share
 "Flair Writing makes strong debut, lists at 65% premium over its issue price")
Power stocks on a roll; PFC, REC, NTPC surge up to 9%, hit new highs
At 10:41 AM, the S&P BSE Power index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to 0.68 per cent rise in the S&P BSE Sensex.
 "Power stocks on a roll; PFC, REC, NTPC surge up to 9%, hit new highs")
Rajesh Exports, Brightcom: Trading strategies for top losers in 2023 so far
Among the Nifty 500 index losing pack so far, Rajesh Exports, Delta Corp and V-Mart Retail can potentially gain up to 15 per cent from current levels, charts show.
 "Rajesh Exports, Brightcom: Trading strategies for top losers in 2023 so far")
India home prices to outstrip inflation, driven by high end of market: Poll
The survey predicted home prices in large urban centres Mumbai, Delhi and Bengaluru rising 6.0%, 7.0% and 7.0% next year, respectively
 "India home prices to outstrip inflation, driven by high end of market: Poll")
ITD Cementation soars 13% on Rs 1,001 crore order-win; zooms 54% in 1 month
The company has secured a contract for civil and hydro-mechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh
 "ITD Cementation soars 13% on Rs 1,001 crore order-win; zooms 54% in 1 month")
Stocks to Watch today: Flair Writing, UltraTech, Kesoram, Honasa, Whirlpool
Stocks to watch on Friday, December 01, 2023: Flair Writing to debut today. UltraTech and Kesoram in focus post all-stock merger deal.
 "Stocks to Watch today: Flair Writing, UltraTech, Kesoram, Honasa, Whirlpool")
Global stock index rises as dollar, bond yields climb with rates in focus
The dollar gained as investors took profits on bets it would weaken further and shrugged off economic data suggesting the Fed could be done hiking rates
 "Global stock index rises as dollar, bond yields climb with rates in focus")
Bharat Forge option trading strategy: Deploy a bull spread for Dec expiry
Nandish Shah of HDFC Securities recommends to Buy Bharat Forge 1130 CALL and simultaneously sell 1180 CALL of the November series.
 "Bharat Forge option trading strategy: Deploy a bull spread for Dec expiry")
JSW group to buy 35% stake in joint venture with SAIC Motor of China
MG Motor India JV to focus on electric vehicles
 "JSW group to buy 35% stake in joint venture with SAIC Motor of China")