Page 1252 - Markets News
Max Financial Services zooms 6% as over 10 mn shares change hands
Till 10:05 AM, a combined 13.49 million shares had changed hands on the counter on the BSE and NSE, representing nearly 4 per cent of the company's equity
 "Max Financial Services zooms 6% as over 10 mn shares change hands")
Manappuram Finance slips 4% after 10% equity change hands via block deal
At 09:15 AM; around 88.4 million shares representing 10.44 per cent of total equity of Manappuram Finance changed hands on the BSE, the exchange data shows.
 "Manappuram Finance slips 4% after 10% equity change hands via block deal")
L&T, MTAR, HAL: Stocks related to Chandrayaan-3 extend gain, soar up to 20%
Centum Electronics and Paras Defence were the top gainers in Thursday's intra-day deals, zooming up to 20 per cent.
 "L&T, MTAR, HAL: Stocks related to Chandrayaan-3 extend gain, soar up to 20%")
Stocks to Watch: Reliance, Coforge, GAIL, Vascon, Sugar stocks, P&G Health
Stocks to Watch on August 24, 2023: Coforge promoter Hulst BV is looking to offload its entire 26.63% stake in the firm via a block deal; India may ban sugar exports for the first time in 7 years
 "Stocks to Watch: Reliance, Coforge, GAIL, Vascon, Sugar stocks, P&G Health")
Trading guide for Nifty Pharma, Media indices for the near-term
According to Ravi Nathani, an independent technical analyst, the Nifty Pharma and Media indices are likely to consolidate, with the latter likely to trade with a negative bias.
 "Trading guide for Nifty Pharma, Media indices for the near-term")
L&T, MTAR: Chandrayaan-3 component makers reach for the sky at the bourses
India became the first country to land a spacecraft near the moon's south pole with Chandrayaan-3
 "L&T, MTAR: Chandrayaan-3 component makers reach for the sky at the bourses")
Jio Financial hits down limit for third day, Aeroflex subscribed 21 times
Market players expect the selling pressure to continue until the selling by passive funds is fully absorbed
 "Jio Financial hits down limit for third day, Aeroflex subscribed 21 times")
TVS Supply Chain makes tepid debut on bourses, IPO subscribed 2.8 times
The stock opened at Rs 206, 4.6 per cent above its issue price of Rs 197
 "TVS Supply Chain makes tepid debut on bourses, IPO subscribed 2.8 times")
Individual settles alleged insider trading case with Sebi, pays Rs 26 lakh
The settlement order came after the applicant, Debashis Ghosh, proposed to settle the instant proceedings initiated against him "without admitting or denying the findings of facts and conclusions"
 "Individual settles alleged insider trading case with Sebi, pays Rs 26 lakh")
Everstone Capital exits SJS Enterprises by selling remaining 29.5% stake
The stake was bought by investors including some Indian mutual funds, an Everstone spokesperson said, adding that the firm made $66 million from the sale
 "Everstone Capital exits SJS Enterprises by selling remaining 29.5% stake")
Adani shares lose Rs 55K cr in m-cap even after record quarterly profit
Group posts record quarterly profit in June quarter
 "Adani shares lose Rs 55K cr in m-cap even after record quarterly profit")
Nearly two dozen companies face action for lapses in listing regulations
Bourses slap penalties for lack of women directors, improper board composition
These Chandrayaan-3 linked firms gained ahead of successful moon touchdown
The mission received heightened attention after Russia's Luna-25 mission failed less than a week earlier
 "These Chandrayaan-3 linked firms gained ahead of successful moon touchdown")
TVS Supply Chain shares settle 2% higher than issue price in debut trade
The stock was listed at Rs 206.30, up 4.72 per cent from the issue price on the BSE. During the day, it jumped 5.83 per cent to Rs 208.50
 "TVS Supply Chain shares settle 2% higher than issue price in debut trade")
Blue-chips rise on financials boost; small, mid-caps hit fresh highs
The Nifty 50 index settled 0.25% higher at 19,444, while the S&P BSE Sensex gained 0.33% to 65,433.30
 "Blue-chips rise on financials boost; small, mid-caps hit fresh highs")
RBI asks some banks to stop taking fresh arbitrage positions in NDF market
"The RBI has told us not to take new outright arbitrage positions," a senior trader at a private sector bank said
 "RBI asks some banks to stop taking fresh arbitrage positions in NDF market")
Print media multibagger stock hits 5-yr high; has zoomed 112% in 3 mths
Shares of DB Corp were locked in the upper circuit of 10% at Rs 255.30, its highest level since May 2018 on the BSE on Wednesday on expectation of a steady revenue growth in FY24
 "Print media multibagger stock hits 5-yr high; has zoomed 112% in 3 mths")
Banks, Metals, Capital Goods lift Sensex 213 pts; Adani Group shares slip
CLOSING BELL ON AUGUST 23, 2023: The NSE Nifty 50 ended with a gain of 48 points; Shares related to Chandrayaan-3 mission were also in demand on Wednesday.
 "Banks, Metals, Capital Goods lift Sensex 213 pts; Adani Group shares slip")
HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high
Thus far in the calendar year, the stock price of HAL has appreciated nearly 60 per cent, as compared to 6.8 per cent rise in the S&P BSE Sensex
 "HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high")
Are equity markets pricing in rupee weakness and related risks?
Analysts say equity markets will begin baking in the negatives and weakness in the rupee if the US Fed chief Jerome Powell delivers a hawkish commentary at Jackson Hole later this week
 "Are equity markets pricing in rupee weakness and related risks?")