Page 1294 - Markets News
Coal India OFS retail book subscribed 1.4x a day after QIP garnered 1.6x
Bulk of bids came at around Rs 226 against base price of Rs 225, in first major disinvestment in FY24
 "Coal India OFS retail book subscribed 1.4x a day after QIP garnered 1.6x")
Sebi releases bond trading guidelines on RFQ platform to increase liquidity
Capital markets regulator Sebi came out with guidelines for transactions in corporate bonds through Request for Quote (RFQ) platform by stock brokers in order to increase liquidity on the platform
 "Sebi releases bond trading guidelines on RFQ platform to increase liquidity")
Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine
CLOSING BELL ON JUNE 02, 2023: The NSE Nifty 50 finished 46 points higher at 18,534; Hero MotoCorp, Apollo Hospitals and Hindalco rallied over 3 per cent each.
 "Auto, metal, FMCG shares lift Sensex 119 pts up; Broader markets outshine")
Finfluencers now 'renting' research analyst licences in fear of Sebi action
They are charging a rent of 20% of the fee they make by providing trading calls and stock tips
 "Finfluencers now 'renting' research analyst licences in fear of Sebi action")
Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days
Apollo Hospitals is looking to sell around 5-6 per cent stake in Apollo HealthCo at an expected enterprise value of $2.5-$3 billion, said a report by The Economic Times
 "Apollo Hospitals hits 52-wk high on talks to raise $200 mn; up 8% in 2 days")
Bank of Baroda board approves raising Rs 5,000 crore by March 2024
The capital will be raised when the market is conducive, the bank said
 "Bank of Baroda board approves raising Rs 5,000 crore by March 2024")
Sebi lists new norms for high-risk FPIs: What it means for investments
Who is impacted; do the new rules better protect Indian companies from opportunistic takeover: questions answered
 "Sebi lists new norms for high-risk FPIs: What it means for investments")
Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat
Currently, the stock was quoting 40 per cent higher over its issue price of Rs 1,080.
 "Mankind Pharma scales new high; rallies 11% in 3 days post Q4 earnings beat")
Graphite India, HEG surge 10% on heavy volumes in subdued market
The steel industry's accelerating efforts to decarbonize will lead to an increased adoption of Electric Arc Furnace steel production, in turn driving sustainable demand growth for graphite electrodes.
 "Graphite India, HEG surge 10% on heavy volumes in subdued market")
Despite signs of fatigue, market breadth shows bulls have upper hand
Every minor correction may see addition of long positions, say experts
 "Despite signs of fatigue, market breadth shows bulls have upper hand")
Minda Corp hits new high; up 4% ahead of board meet to raise funds
The board will meet today to discuss and consider, among other things, raising of funds through issue of equity shares by way of preferential issue, qualified institutions placement or rights issue.
 "Minda Corp hits new high; up 4% ahead of board meet to raise funds")
NCC gains 3% on winning orders worth Rs 2,088 crore in May 2023
Thus far in the calendar year 2023, the stock has surged 36 per cent, as compared to 2.1 per cent rise in the S&P BSE Sensex.
 "NCC gains 3% on winning orders worth Rs 2,088 crore in May 2023")
Hero MotoCorp surges 4%, nears 52-week high on healthy sales in May
HMCL said the momentum is expected to continue in the coming months, driven by an uptick in customer sentiments, forecast of normal monsoon and a host of new launches in the premium segment.
 "Hero MotoCorp surges 4%, nears 52-week high on healthy sales in May")
F&O Strategy for Bharat Forge: HDFC Securities recommends a Bull Spread
Buy Bharat Forge Rs 800 Call option and simultaneously Sell Rs 820 Call of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "F&O Strategy for Bharat Forge: HDFC Securities recommends a Bull Spread")
Trading strategies for Nifty Energy, Nifty Consumption indices
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is consolidating in the 23,460 - 24,460 range.
 "Trading strategies for Nifty Energy, Nifty Consumption indices")
Stocks to watch: Adani Enterprises, Tata Motors, NHPC, AstraZeneca, SJVN
Stocks to watch on June 2, 2023: From Adani Enterprises to NHPC, here are top stocks to watch in Friday's trading session
 "Stocks to watch: Adani Enterprises, Tata Motors, NHPC, AstraZeneca, SJVN")
Oil prices rise on possible OPEC+ cuts, progress in US debt ceiling deal
Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over US monetary policy
 "Oil prices rise on possible OPEC+ cuts, progress in US debt ceiling deal")
Markets extend losses for 2nd day in volatile trade; Sensex dips 193.70 pts
The NSE Nifty fell 46.65 points or 0.25 per cent to finish at 18,487.75
 "Markets extend losses for 2nd day in volatile trade; Sensex dips 193.70 pts")
Mechanism to detect market abuse: Sebi revises deadline for comments
This comes in the wake of Sebi passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC)
 "Mechanism to detect market abuse: Sebi revises deadline for comments")
Sebi to auction assets of 7 business groups to recover investors' money
Inviting bids, Sebi said auction of the properties will be conducted through online mode between 11 am and 1 pm