Page 1289 - Markets News
Shares of Zomato rise above their IPO price after more than a year
Analysts said that there is a renewed interest in new-age companies like Zomato because of the jump in revenues and a clearer path to profitability
 "Shares of Zomato rise above their IPO price after more than a year")
IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue
The company manufactures LED lighting, refrigeration lights and other products
 "IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue")
Sebi to digitise investor service requests, complaints by RTAs processing
Capital markets regulator Sebi on Thursday decided to provide a mechanism for processing of investors' service requests and complaints through online mode by RTAs
 "Sebi to digitise investor service requests, complaints by RTAs processing")
Tax changes slow new MF scheme launches; demand for debt funds takes a hit
The debt-plus-arbitrage strategy will keep volatility lower as in the case of debt schemes, while also ensuring lower tax outgo for investors
 "Tax changes slow new MF scheme launches; demand for debt funds takes a hit")
Shares of Paytm rally 6.2% following an upgrade by BofA Securities
Paytm has a cash balance of nearly Rs 8,270 crore, over 15 per cent of its market capitalisation
 "Shares of Paytm rally 6.2% following an upgrade by BofA Securities")
Sebi allows MFs to invest in repo transactions on commercial papers
The new provision would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said
 "Sebi allows MFs to invest in repo transactions on commercial papers")
Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600
CLOSING BELL, JUNE 8, 2023: Sun Pharma, Kotak Bank, Tech M, M&M, Axis Bank, HUL, Tata Motors, TCS, Nestle India, and Bajaj twins dropped between 1 per cent and 3 per cent
 "Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600")
RBI warns tech firms against unauthorised trading platforms on app stores
Updated central bank alert list names 56 entities prohibited from dealing in foreign exchange
 "RBI warns tech firms against unauthorised trading platforms on app stores")
Market snaps four-day winning streak ahead of RBI MPC announcement
The blue-chip Nifty 50 index closed 0.49% lower at 18,634.55, while the benchmark S&P BSE Sensex fell 0.47% to 62,848.64
 "Market snaps four-day winning streak ahead of RBI MPC announcement")
Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023
CRISIL Ratings expects APL's revenue to grow by 11-12 per cent in the current fiscal 2024 supported by healthy demand, with Ebitda margin improving to 10-12 per cent
 "Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023")
Paytm rallies 8% to hit over 9-month high on BofA Securities 'buy' call
The brokerage firm BofA Securities upgraded the stock to 'Buy' on the back of strong revenue momentum and operational leverage, which can surprise on consensus estimates.
 "Paytm rallies 8% to hit over 9-month high on BofA Securities 'buy' call")
Aether Inds soars 10% on inking pact with US-based Oil Field Services firm
The company executed Letter of Intent (LoI) with USA based leading global Oil Field Services Company for strategic supplier and contract manufacturing partnership.
 "Aether Inds soars 10% on inking pact with US-based Oil Field Services firm")
SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy
Selective rate sensitive stocks may rise up to 12 per cent
 "SBI, DLF: Trading strategies for rate sensitive stocks post RBI policy")
Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet
The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%
 "Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet")
Rate sensitive shares trade mixed after RBI keeps repo unchanged at 6.5%
The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .
BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high
Ratings agency ICRA said the likelihood of El Nino in FY24 may have a positive impact on electricity demand.
 "BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high")
Zen Technologies surges 10% on order win worth Rs 202 from Defence Ministry
Thus far in the calendar year 2023, the stock of India's leading anti-drone technology and defense training solutions provider has zoomed 146% as compared to a less than 3.3% rise in the Sensex
 "Zen Technologies surges 10% on order win worth Rs 202 from Defence Ministry")
Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh
Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its
 "Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh")
Book profits as Nifty Auto, Nifty Financial index trade in overbought zone
Nifty Financial Services is exhibiting a triangle-shaped pattern, which indicates a period of consolidation and uncertainty, says Ravi Nathani
 "Book profits as Nifty Auto, Nifty Financial index trade in overbought zone")
FMCG stocks get a boost from improving prospects; analysts are bullish
Despite high valuations, analysts are bullish and upgrading targets on the back of volume and margin gains for companies
 "FMCG stocks get a boost from improving prospects; analysts are bullish")