Page 1378 - Markets News
Bajaj Finserv gets Sebi's approval to foray into mutual fund business
Ganesh Mohan named CEO, Nimesh Chandan to head investment team
 "Bajaj Finserv gets Sebi's approval to foray into mutual fund business")
PMS benchmarking norms: Industry players seek three-month extension
Cites technological and compliance challenges ahead of April 1 deadline
 "PMS benchmarking norms: Industry players seek three-month extension")
Sebi bans Anugrah Stock, 5 others from securities market for up to 7 years
In addition, Sebi has levied a penalty totalling Rs 8 crore on Anugrah Stock, its directors and the associate entity and the fine needs to be paid within 45 days
 "Sebi bans Anugrah Stock, 5 others from securities market for up to 7 years")
Sensex snaps 8-day losing streak, ends 449 pts up; Nifty reclaims 17,450
CLOSING BELL: IT, financial and metal shares led the market rally; Broader indices such as Midcaps and Smallcaps outperformed the benchmarks, while shares of Adani Group too finished on a solid note.
 "Sensex snaps 8-day losing streak, ends 449 pts up; Nifty reclaims 17,450")
Oil India, ONGC gain up to 4% on improved earnings outlook
Sustained higher crude oil prices and gas realisations can result in better profitability for upstream companies, say analysts.
 "Oil India, ONGC gain up to 4% on improved earnings outlook")
Bharat Dynamics jumps 5% on strong outlook; stock up 23% in 2 weeks
In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million
 "Bharat Dynamics jumps 5% on strong outlook; stock up 23% in 2 weeks")
Equitas Small Finance Bank hits fresh 52-week high; stock up 38% in a month
On February 8, the board approved allotment of 789.5 million equity shares (swap ratio at 231:100) of Equitas SFB to the eligible shareholders of the erstwhile Equitas Holdings.
 "Equitas Small Finance Bank hits fresh 52-week high; stock up 38% in a month")
Metal index tops the rank of worst performers in Feb, rebound may not hold
Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.
 "Metal index tops the rank of worst performers in Feb, rebound may not hold")
Delhivery slips over 1% as 28 million shares exchange hands via block deal
At 09:15 am; around 28 million equity shares, which represented 3.8 per cent of total equity shares of Delhivery changed hands on the BSE, shows data
 "Delhivery slips over 1% as 28 million shares exchange hands via block deal")
Ahead of searing summer, analysts bet on consumer appliance stocks
Analysts expect a rise in demand for air conditioners, coolers, fans and refrigerators to help related companies clock firm sales following the post-Diwali slump due to inflationary pressures
 "Ahead of searing summer, analysts bet on consumer appliance stocks")
Adani Enterprises soars 12%; mining arm gets LoI for Odisha Bauxite block
Adani Enterprises on Tuesday said its wholly-owned subsidairy Mundra Aluminium was declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.
 "Adani Enterprises soars 12%; mining arm gets LoI for Odisha Bauxite block")
Gujarat Pipavav Port nears 52-week high; stock surges 18% in one month
The stock was up 4% to Rs 108.85, and was trading close to its 52-week high level of Rs 109.35 touched on December 30, 2022
 "Gujarat Pipavav Port nears 52-week high; stock surges 18% in one month")
MCX Crude Oil range narrows; Natural Gas up 39% from lows; what next?
The Bollinger Bands suggest a likely trading range of Rs 6,070 - Rs 6,650 for the MCX Crude Oil futures; whereas, Natural Gas futures need to sustain above Rs 231 for the pullback to continue.
 "MCX Crude Oil range narrows; Natural Gas up 39% from lows; what next?")
Charts indicate bearish trend for Nifty Metal over near-term: Ravi Nathani
According to the technical analyst, charts suggest bullish trend for Nifty FMCG index, while bearish for Nifty Metal index
 "Charts indicate bearish trend for Nifty Metal over near-term: Ravi Nathani")
Stocks to watch: Bharti Airtel, Delhivery, Zydus Life, Axis Bank, BEL, SBI
Stocks to watch today: From Bharti Airtel to Delhivery, here are top stocks to watch in Wednesday's trading session.
 "Stocks to watch: Bharti Airtel, Delhivery, Zydus Life, Axis Bank, BEL, SBI")
Softbank may sell Delhivery shares worth Rs 600 cr via block deals: Report
Softbank held a stake of 18.42 per cent in Delhivery via its subsidiary Svf Doorbell (Cayman) Ltd
 "Softbank may sell Delhivery shares worth Rs 600 cr via block deals: Report")
Markets end lower for 3rd month in a row: Here're best & worst of Nifty50
The domestic markets have sharply underperformed global peers, with the MSCI India declining 11 per cent in three months
 "Markets end lower for 3rd month in a row: Here're best & worst of Nifty50")
Sebi cancels registration of 4 brokers in National Spot Exchange Ltd case
Sebi cancelled the registration of four brokerage houses for facilitating its clients to trade on the platform of the now defunct National Spot Exchange Ltd (NSEL) in illegal 'paired contracts'
Brighter prospects ahead for power sector stocks amid economic momentum
Though there are a few monitorables, rising consumption should drive up volumes, investment
 "Brighter prospects ahead for power sector stocks amid economic momentum")
Adani stocks add Rs 30,000-crore market cap despite selling by ETFs
Shares worth Rs 1,200 crore of AEL and Rs 130 crore worth of ACC got offloaded by MSCI trackers; Yet AEL closed 14.2% up, while ACC added over 2%
 "Adani stocks add Rs 30,000-crore market cap despite selling by ETFs")