Page 1283 - Markets News
Vodafone Idea zooms 10% amid report of Rs 14,000-crore fund raise plan
As per a report, promoters Aditya Birla Group (ABG) and UK's Vodafone Group Plc could infuse Rs 14,000 crore in the company
 "Vodafone Idea zooms 10% amid report of Rs 14,000-crore fund raise plan")
CDSL tumbles 6% after over 5% equities change hands on NSE via block deals
Till 09:56 am; around 7.7 million shares, which represented 7.4 per cent of total equity of CDSL changed hands on the NSE, exchange data shows
 "CDSL tumbles 6% after over 5% equities change hands on NSE via block deals")
KEC International surges 6% to hit 52-week high on Rs 1,373-crore order win
The company is witnessing a good traction in the tower supply orders, especially in North America, the management said.
 "KEC International surges 6% to hit 52-week high on Rs 1,373-crore order win")
Stocks to Watch today, June 14: Adani Group, Zee, RIL, Maruti, SBI Life
Stocks to watch on June 14, 2023: BHEL, Delta Corp, Indiabulls Housing Finance, IEX, India Cements and Manappuram Finance are the six stocks in F&O ban period today.
 "Stocks to Watch today, June 14: Adani Group, Zee, RIL, Maruti, SBI Life")
HDFC Sec sees up to 16% upside in Firstsource Solutions, Marico; check why
Midcap IT as a sector has been outperforming and the same is expected to continue
 "HDFC Sec sees up to 16% upside in Firstsource Solutions, Marico; check why")
Nifty Auto index in 'overbought' zone, time to book profit, suggest charts
At current levels, charts suggest booking profits or even consider short-selling in Nifty Auto index. Support levels on the charts are expected around 13,900 and 13,500
 "Nifty Auto index in 'overbought' zone, time to book profit, suggest charts")
Japan's benchmark Nikkei closes above 33K for the first time in 33 years
SoftBank Group jumped 5.25 per cent on reports
 "Japan's benchmark Nikkei closes above 33K for the first time in 33 years")
PE funds investment in warehousing saw 45% rise in 2022, shows data
This comes when total leasing of warehousing space in India increased from 51.3 million square feet in 2022-23, compared to 51.2 mn sq ft in 2021-22
 "PE funds investment in warehousing saw 45% rise in 2022, shows data")
NSE, Maha, Moneybee Institute sign MoU to launch investor-awareness project
The institute's website says that it has been engaged in training related to finance and investments since 2007
 "NSE, Maha, Moneybee Institute sign MoU to launch investor-awareness project")
Half of India's top-10 highest denominations stocks outperform indices
A combination of good management, healthy growth in their respective businesses, low paid-up capital base, and no share split or equity dilution are the reasons for their high market price
 "Half of India's top-10 highest denominations stocks outperform indices")
Equities overvalued, investors should tame return expectations: SBI Funds
Value stocks likely to continue outperformance, says SBI MF CIO
 "Equities overvalued, investors should tame return expectations: SBI Funds")
Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility
So far this year , 23 companies have decided to shelve public offers
 "Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility")
RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark
CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.
 "RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark")
DLF hits highest level since September 2008; zooms 40% thus far in FY24
The Group's strong operating performance in FY2023, which is expected to sustain in FY2024, is supported by continued end-user demand and good affordability
 "DLF hits highest level since September 2008; zooms 40% thus far in FY24")
IndiGo falls 5% in 2 days even as Co clarifies on Gangwal stake sale buzz
In an exchange filing, IndiGo said that the Company has not received any such information
 "IndiGo falls 5% in 2 days even as Co clarifies on Gangwal stake sale buzz")
BPCL, HPCL, IOC can rally up to 10% from here. Check key levels to track
These stocks can gather steam provided crude prices soften and the government policies remain supportive. Here are the key levels one needs to monitor for these stocks.
 "BPCL, HPCL, IOC can rally up to 10% from here. Check key levels to track")
Ahluwalia Contracts soars 10% on winning work order worth Rs 427 crore
The order inflow during the current FY 2023-24 stands at Rs 4,177.83 crore till date, the company said.
 "Ahluwalia Contracts soars 10% on winning work order worth Rs 427 crore")
MRF can hit Rs 120,000, technical charts suggest; support at Rs 96,000 mark
Overall trend of the MRF shares has become lucrative and highly optimistic following decisive rally over the key hurdle of Rs 95,000. The short-to-medium trend is poised for 20 per cent upside.
 "MRF can hit Rs 120,000, technical charts suggest; support at Rs 96,000 mark")
Trent rallies 5%, hits all-time high on healthy growth outlook
Thus far in the current calendar year 2023, the stock price of Trent has rallied 25 per cent, while in past one year it surged 53 per cent.
 "Trent rallies 5%, hits all-time high on healthy growth outlook")
Analysts cautious on OMCs; fuel price cut, uneven oil demand key overhangs
According to ICICI Securities, OMCs will have to adjust retail prices by Rs 0.53/litre to maintain margins at current levels, if international prices change by $1/barrel
 "Analysts cautious on OMCs; fuel price cut, uneven oil demand key overhangs")