Page 1376 - Markets News
Hindenburg has its view, we disagree with it: GQG Partners' Rajiv Jain
Jain made it clear that he is always looking to "exploit the mispricing of long-tailed assets"
 "Hindenburg has its view, we disagree with it: GQG Partners' Rajiv Jain")
Investors' wealth climbs Rs 3.43 trillion as Sensex jumps 900 points
Equity investors became richer by Rs 3.43 lakh crore on Friday amid an overall positive trend in the market and the benchmark Sensex jumping nearly 900 points
 "Investors' wealth climbs Rs 3.43 trillion as Sensex jumps 900 points")
Fairfax Financial Holdings settle case with Sebi; pays Rs 29.25 L charges
Canadian billionaire Prem Watsa-backed Fairfax Financial Holdings Ltd (FFHL) has settled with Sebi a case pertaining to alleged violation of mutual fund regulations
 "Fairfax Financial Holdings settle case with Sebi; pays Rs 29.25 L charges")
Sensex soars 900 pts, Nifty ends near 17,600; PSBs, Adani Group stks sizzle
CLOSING BELL: The Rs 15,446 cr stake buy by GQG Partners in Adani Group, coupled with positive global cues buoyed sentiment on Friday. Heavyweights RIL, ITC and Airtel also rallied up to 3 per cent.
 "Sensex soars 900 pts, Nifty ends near 17,600; PSBs, Adani Group stks sizzle")
Pump and dump scheme: What is it, how it works and how is it monitored
Arshad Warsi made a profit of Rs 29.43 lakh and his wife Maria Goretti of Rs 37.56 lakh using a YouTube-run pump and dump operation last year
 "Pump and dump scheme: What is it, how it works and how is it monitored")
Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat
The company said business continues to show an excellent rebound after two years of adverse COVID-19 impact as well as overall improvement in the health of operations.
 "Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat")
Bulls drive Sensex over 1,000 points higher: Here are top 3 reasons why
The spike comes after the US Federal Reserve Atlanta President Raphael Bostic vouched for a measured rate hike approach, which strengthened global sentiments
 "Bulls drive Sensex over 1,000 points higher: Here are top 3 reasons why")
WPIL soars 10% on securing Rs 1,225 cr order from Madhya Pradesh Jal Nigam
Meanwhile, in the past one month, the stock of the industrial products company has zoomed 83 per cent after it reported robust December quarter (Q3FY23) results.
 "WPIL soars 10% on securing Rs 1,225 cr order from Madhya Pradesh Jal Nigam")
Escorts, Bajaj-Auto: Trading strategies for auto stocks post Feb sales nos
Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA
 "Escorts, Bajaj-Auto: Trading strategies for auto stocks post Feb sales nos")
Techno Electric surges 9% on healthy growth outlook
The management expects growth momentum of business as well as execution to continue for the coming three years.
 "Techno Electric surges 9% on healthy growth outlook")
Nifty PSU Bank index surges 4% amid rebound in Adani group stocks
SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.
 "Nifty PSU Bank index surges 4% amid rebound in Adani group stocks")
Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake
The promoters plan to use the proceeds to retire debt and for other purposes.
 "Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake")
Commercial paper rates may rise further as liquidity dries up, say analysts
Earlier this week, state-run financial institution NABARD raised three-month funds at 7.65%, which was over 40 basis points higher than what it paid for a similar paper a month ago
 "Commercial paper rates may rise further as liquidity dries up, say analysts")
Alembic Pharma slips 5%; board approves Rs 1,150 cr as impairment charges
This one time impairment impact notwithstanding, we believe this move bodes well for future return ratios and profitability. We expect more impairments in due course, ICICI Securities said in a note.
 "Alembic Pharma slips 5%; board approves Rs 1,150 cr as impairment charges")
F&O Strategy: Nandish Shah recommends Bull Spread on PowerGrid Corp
The derivative analyst from HDFC Securities recommends to Buy PowerGrid 222.50 Call and simultaneously Sell 230 Call for the March expiry.
 "F&O Strategy: Nandish Shah recommends Bull Spread on PowerGrid Corp")
Charts signal likely pullback for Nifty Consumption index: Ravi Nathani
According to the technical analyst, the Nifty Consumption index is likely to witness a pullback, and the support range of 7,036 - 6,980 is likely to provide a base for a technical bounce
 "Charts signal likely pullback for Nifty Consumption index: Ravi Nathani")
Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems
Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday's trading session
 "Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems")
Indiabulls Housing Finance's Rs 900-crore NCD issue opens on Friday
The NCDs have tenures of 24 months (series I, II & III), 36 months (series IV, V & VI), and 60 months (series VII & VIII)
 "Indiabulls Housing Finance's Rs 900-crore NCD issue opens on Friday")
Wockhardt's former official settles insider trading case with Sebi
Vijay Khetan, who was the compliance officer of Wockhardt, paid Rs 27.06 lakh towards the settlement charges to the capital markets regulator for the alleged violations of insider trading rules
Analysts turn cautious on Cipla as US FDA action delays key US launches
Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant
 "Analysts turn cautious on Cipla as US FDA action delays key US launches")