Page 1254 - Markets News
Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM
Join public sector-linked peers SBI and UTI MF
 "Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM")
Union Bank on India to raise up to Rs 5,000 cr through QIP of equity shares
The floor price of the issue is Rs 91.10 per equity share, while the date of opening of the issue is Monday, the bank added
 "Union Bank on India to raise up to Rs 5,000 cr through QIP of equity shares")
Global equities rise as traders await US Fed meeting, eye earnings
Wall Street opened higher. The S&P 500 gained 4.92 points, or 0.11%, to 4,374.63 and the gained 85.91 points, or 0.65%, to 13,376.69 by 10:56 a.m. ET (1456 GMT)
 "Global equities rise as traders await US Fed meeting, eye earnings")
US treasury 10-year real yield exceeds 2% for first time since 2009
Benchmark rose as much as 6 basis points to 2%, before easing little under that threshold, extending rise from 1.5% since mid-July. 30-year real yield up 6.6 basis points to 2.14%, new peak since 2011
 "US treasury 10-year real yield exceeds 2% for first time since 2009")
FPIs' investment value in Indian equities gains 20% to $626 bn in June qtr
This could be attributed to good performance in the domestic equity markets as well as strong net inflows from foreign portfolio investors
 "FPIs' investment value in Indian equities gains 20% to $626 bn in June qtr")
Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days
In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market
 "Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days")
Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore
In an exchange filing on August 21, the company said that Kalyani Strategic Systems, Bharat Forge's wholly-owned subsidiary bagged two export orders to be executed over 18 months timeline
 "Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore")
Data Patterns rallies 9% to hit record high on strong order book position
The government's focus on liberalising foreign investment restrictions to achieve self-reliance under the 'Atmanirbhar Bharat' initiative is expected to keep the sector on a strong growth trajectory
 "Data Patterns rallies 9% to hit record high on strong order book position")
Lemon Tree up 4%; hits new high on launching its first hotel in Rajkot
In past two days, the stock has surged 11 per cent after as the company launched its first property in Rajkot, and the sixth property of the group in Gujarat.
 "Lemon Tree up 4%; hits new high on launching its first hotel in Rajkot")
RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day
Trend remains optimistic in RIL, ONGC, M&M, KEX and Titan shares, as per their respective charts.
 "RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day")
PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA
So far this calendar year, the stock has rallied 56 per cent, as against a 6 per cent rise in the S&P BSE Sensex
 "PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA")
Jio Financial lists at Rs 265, becomes 33rd most-valued co; should you buy?
At 10:21 AM, JFS was locked at the 5 per cent lower circuit when compared with the special discovery price of Rs 261.85. The stock was locked at Rs 251.75 on the BSE and Rs 248.90 on the NSE
 "Jio Financial lists at Rs 265, becomes 33rd most-valued co; should you buy?")
Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%
Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters.
 "Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%")
KEC International zooms 8% on securing multiple orders worth Rs 1,007 cr
Among others, the company secured its first order to construct a Multispeciality Hospital in India, on design-build basis.
 "KEC International zooms 8% on securing multiple orders worth Rs 1,007 cr")
Shares of Ambani's $20 bn Jio Financial Services set to debut in Mumbai
Jio Financial, which as yet boasts of little revenue but owns a 6.1% stake in Reliance, has already announced a partnership with BlackRock Inc. to set up an Indian asset management venture
Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC
Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing
 "Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC")
Nifty in buy on dips mode; Bank Nifty key support seen at 43,300
According to Ravi Nathani, an independent technical analyst, the the ongoing correction has positioned the Nifty in close proximity to its support levels, at 19,200, 19,150, and 19,080.
 "Nifty in buy on dips mode; Bank Nifty key support seen at 43,300")
Park Hotels owner files draft papers with Sebi to raise Rs 1,050 cr via IPO
At present, promoters and promoter group members hold a 94.18 per cent stake in the company, and the two investors own 5.82 per cent shareholding in the firm
 "Park Hotels owner files draft papers with Sebi to raise Rs 1,050 cr via IPO")
Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more
While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts
 "Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more")
NSE announces five additions, deletions each to Nifty Next 50 Index
CHOP & CHANGE: Potential Rs 2,100 crore one-way churn on stock performance of 10 companies
 "NSE announces five additions, deletions each to Nifty Next 50 Index")