Page 1248 - Markets News
BPCL, IOC, HPCL stocks slide 1-3% on reports OMCs may bear LPG subsidy cost
The move is also sentimentally negative for OMC stocks as investors fear that price cuts on petrol and diesel could be next in line ahead of the assembly and general elections
 "BPCL, IOC, HPCL stocks slide 1-3% on reports OMCs may bear LPG subsidy cost")
Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%
Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY 2023-24
 "Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%")
Stock of this smallcap commercial vehicle company has zoomed 50% in 6 days
Atul Auto was locked in the 10-per cent upper circuit at Rs 570.40 on the BSE with a combined 1.4 million shares having changed hands in trades
 "Stock of this smallcap commercial vehicle company has zoomed 50% in 6 days")
Shakti Pumps zooms 18% on winning Rs 358 cr-order from Haryana government
The company received its first work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for 7,781 pumps
 "Shakti Pumps zooms 18% on winning Rs 358 cr-order from Haryana government")
Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM
Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM.
 "Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM")
M&M gains 5% in 3 days, nears record high on margin improvement hopes
Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead
 "M&M gains 5% in 3 days, nears record high on margin improvement hopes")
Mahindra Lifespace hits new high, soars over 9% on growth optimism
Knight Frank India, in association of NAREDCO has projected India's real estate sector to expand to $5.8 trillion and contribute 15.5 per cent to the total economic output by 2047.
 "Mahindra Lifespace hits new high, soars over 9% on growth optimism")
Zomato gains 5% after 100 mn shares change hands via block deal
As many as 100 million shares representing 1.2% of total equity of Zomato worth of Rs 947 crore changed hands on the National Stock Exchange.
 "Zomato gains 5% after 100 mn shares change hands via block deal")
Surya Roshni hits record high, surges 9% on healthy business outlook
The steel tubes and pipes manufacturer aims to maintain a positive export momentum of value-added products, particularly API pipes, to various regions, despite facing geopolitical challenges.
 "Surya Roshni hits record high, surges 9% on healthy business outlook")
Stocks to Watch, Aug 30: Zee Ent, Zomato, Suzlon, Lupin, Airtel, Unichem
Stocks to Watch today, August 30, 2023: Billionaire Sunil Mittal's backed telecom services provider Airtel Uganda Ltd plans to raise $216 million in an initial public offering (IPO)
 "Stocks to Watch, Aug 30: Zee Ent, Zomato, Suzlon, Lupin, Airtel, Unichem")
Oil rises as dollar falls, US braces for Hurricane Idalia impact on energy
U.S. West Texas Intermediate futures rose $1.07, or 1.3%, to $81.17 a barrel by 1:42 p.m. EDT [1742 GMT], while Brent crude futures were up by 98 cents, or 1.2%, to $85.40 a barrel
 "Oil rises as dollar falls, US braces for Hurricane Idalia impact on energy")
Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says the breadth of the market is very strong as more than 83% of the NSE500 stocks are above their 200-DMAs.
 "Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities")
Nifty FMCG, Metal: Guide to plan your trading strategy
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index seems range-bound, while the Metal index looks bullish.
 "Nifty FMCG, Metal: Guide to plan your trading strategy")
India's FDI outflow rises 73% to $1.85 billion in July over June: RBI data
The debt commitment rose to $ 605 million in July 2023 from $ 255 million in June
 "India's FDI outflow rises 73% to $1.85 billion in July over June: RBI data")
Rs 60,000 crore & counting: Large deals climb to record high in August
The surge in activity comes even as the benchmark Nifty50 has come off by over 3 per cent from its highs on July 20
 "Rs 60,000 crore & counting: Large deals climb to record high in August")
Sebi slaps Rs 45 lakh penalties on 9 entities for non-genuine trades
Capital market regulator Sebi on Tuesday levied penalties totalling Rs 45 lakh on nine entities for indulging in non-genuine trades in the illiquid stock options segment on BSE
 "Sebi slaps Rs 45 lakh penalties on 9 entities for non-genuine trades")
RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact
Reliance 46th AGM: The stock would see a significant upside only on listing timelines of the retail and telecom businesses, first announced four years ago in 2019, analysts said
 "RIL 46th AGM: Brokerages insipid but keep positive ratings on stock intact")
Metal, power stocks help indices gain; Jio Financial stock rises 5%
Rising for a second straight day, the BSE Sensex rose by 79.22 points or 0.12 per cent to settle at 65,075.82, tracking firm global markets
Dividend fund managers plug into power stocks as outlook improves
Heightened optimism stokes the fires of increased dividend payouts
 "Dividend fund managers plug into power stocks as outlook improves")
Intermediaries pause finfluencers' dealings as Sebi mulls new norms
The regulator has also considered a new payment system to clip the wings of those spreading misinformation
 "Intermediaries pause finfluencers' dealings as Sebi mulls new norms")