Page 1258 - Markets News
Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors
Stocks to watch on August 10, 2023: Shares of rate sensitive sectors, such as auto, banks and real-estate will be in focus on Thursday as RBI announces its policy decision.
 "Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors")
Nifty Pharma nears overbought zone after it scales record high, show charts
According to Ravi Nathani, an independent technical analyst, said that Nifty Pharma's recent surge to all-time high signals strong positive sentiment, but proximity to overbought levels needs caution
 "Nifty Pharma nears overbought zone after it scales record high, show charts")
Goldilocks position for Indian equities is getting questioned: Jefferies
Rising crude oil prices, traction in China equities and high inflation concerns are casting a shadow on the road ahead for the Indian equities, believe analysts at Jefferies.
 "Goldilocks position for Indian equities is getting questioned: Jefferies")
PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip
The selling in PB Fintech (Policybazaar) shares, analysts feel, is overdone as the owner of the online insurance portal remains committed to achieving profitability
 "PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip")
Sebi cancels registration of 2 firms in NSEL paired contracts case
The regulator has asked the brokers to allow its existing clients to transfer their securities or funds held in its custody within 15 days
 "Sebi cancels registration of 2 firms in NSEL paired contracts case")
Vivriti Capital to raise Rs 500 cr via non-convertible debentures on Aug 18
The NCDs will have five options with different tenures and interest payout options
 "Vivriti Capital to raise Rs 500 cr via non-convertible debentures on Aug 18")
Shorter IPO timeline to become effective from December 1, says Sebi
At present, it takes six working days (T+6) for an IPO to list
Financial services attract bulk of FPI flows in July's second half
They also bought shares worth Rs. 1,609 crore in auto and auto components and Rs. 1,520 in construction stocks
 "Financial services attract bulk of FPI flows in July's second half")
Improved production, higher cash flow drive Q1 boost for Coal India stock
Monthly production data and global price trends are key variables going forward
 "Improved production, higher cash flow drive Q1 boost for Coal India stock")
SIP inflows top Rs 15,000 crore, help offset redemption pressure
Smallcap schemes continue to be a big draw
 "SIP inflows top Rs 15,000 crore, help offset redemption pressure")
Fractional ownership platforms for real estate seek lower holding threshold
Also seek exposure to under-construction projects; Sebi to formalise framework soon
IRFC marches to new high; stock zooms 38% in a week on stable outlook
The company will continue to receive timely funding from the government through favourable lease agreement, owing to its strategic role as a dedicated funding arm of Indian Railways
 "IRFC marches to new high; stock zooms 38% in a week on stable outlook")
NSE cautions investors against their money in any assured returns scheme
The four individuals are Amit Mishra and Shivam Chauhan associated with Go Algo, and Kajal Patel and Alpesh Patel associated with KK Advisories
 "NSE cautions investors against their money in any assured returns scheme")
Sebi reduces timeline for listing shares to T+3 from T+6 from December 1
The Securities and Exchange Board of India (Sebi) said that with T as the issue-closing date, the securities will now have to be listed on T+3 day versus the current T+6 day
Sensex ends 149 pts up on late buying, Nifty atop 19,600; Steel stocks soar
CLOSING BELL ON AUGUST 09, 2023: The BSE benchmark gained over 600 points from the day's low ; BSE Metal index surged 2.5 per cent; Energy and Consumer Durables indices were up over a per cent each.
 "Sensex ends 149 pts up on late buying, Nifty atop 19,600; Steel stocks soar")
Shyam Metalics hits 10% upper circuit post July sales numbers
The stock has rallied nearly 77 per cent so far this fiscal year as against a 12 per cent rally on the benchmark Nifty 50.
 "Shyam Metalics hits 10% upper circuit post July sales numbers")
Kalyan Jewellers jumps 5% to hit record high on solid Q1 results
So far this calendar year, the stock of this Kerala-based company surged 49 per cent, as against an 8 per cent rise in the S&P BSE Sensex
 "Kalyan Jewellers jumps 5% to hit record high on solid Q1 results")
Adani Wilmar slips 5% on report Adani Enterprises looking to exit company
Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, Bloomberg reported
 "Adani Wilmar slips 5% on report Adani Enterprises looking to exit company")
HCC zooms 15% to hit over 5-year high on heavy volumes
For the June quarter (Q1FY24), HCC had reported a consolidated profit of Rs 52.70 crore, as compared to a loss of Rs 280.70 crore in a year ago quarter.
 "HCC zooms 15% to hit over 5-year high on heavy volumes")
Dr Reddy's hits new high, soars 13% in 1 month; m-cap nears Rs 1-trn mark
The stock hit a new high at Rs 5,850 on gaining 3 per cent in an otherwise weak market.
 "Dr Reddy's hits new high, soars 13% in 1 month; m-cap nears Rs 1-trn mark")