Page 1395 - Markets News
Sri Lanka's body approves renewable energy projects of Adani group
Sri Lanka's investment promotion body has approved two renewable energy projects of India's Adani group to be set up in north and eastern regions of island nation at total investment of USD 442 ml
 "Sri Lanka's body approves renewable energy projects of Adani group")
Risks to the market rally are rising; oil stocks a good bet: Chris Wood
Energy-related stocks remain the best hedge against a Ukraine-triggered spike in energy / oil prices, Wood said
 "Risks to the market rally are rising; oil stocks a good bet: Chris Wood")
Stocks to Watch: Adani Green, Sonata Software, HG Infra, Zee Entertainment
Stocks to Watch: NCLT has admitted IndusInd Bank's Insolvency Plea against Zee Entertainment; Sri Lanka's Board of Investment have approved two wind power plants by Adani Green Energy
 "Stocks to Watch: Adani Green, Sonata Software, HG Infra, Zee Entertainment")
Indices post biggest weekly decline since June; Sensex falls 2.5%
A sell-off in Chinese technology stocks amid profit hits and price wars took its toll on Asian equities
 "Indices post biggest weekly decline since June; Sensex falls 2.5%")
Bear run enters sixth day as Sensex fall 142 pts, Nifty near 17,450
CLOSING BELL: Sectorally, the Nifty Metal index plunged 3 per cent, dragged by Adani Enterprises, which tumbled nearly 5 per cent
 "Bear run enters sixth day as Sensex fall 142 pts, Nifty near 17,450")
SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3
Despite a big jump in passenger traffic, business has continued to be impacted by high fuel prices and depreciating Rupee, the company said
 "SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3")
Counting on RBI support, offshore investors build rupee crosses positions
The rupee will hold up better in an environment where the dollar is likely to receive support from the hawkish U.S. Federal Reserve, they said
 "Counting on RBI support, offshore investors build rupee crosses positions")
GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes
Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say
 "GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes")
Olectra, in partnership with RIL, unveils hydrogen bus; stock zooms 20%
The company said the 12-metre low-floor bus has a seating capacity of 32 to 49 seats for passengers and one driver seat with its commercial launch is expected within a year
 "Olectra, in partnership with RIL, unveils hydrogen bus; stock zooms 20%")
How to trade Zee Entertainment as NCLT places it under insolvency process
Death Cross on the Zee Entertainment may push stock in the bear grip
 "How to trade Zee Entertainment as NCLT places it under insolvency process")
Mahindra CIE rallies 9% to hit 52-week high on positive demand outlook
Overall positive performance in Q4, supported by growth and solid profitability in India, and big commercial efforts in Europe will help offset huge cost increases, said analysts
 "Mahindra CIE rallies 9% to hit 52-week high on positive demand outlook")
PolicyBazaar hits over 5-month high; surges 30% thus far in February
The company expects adjusted EBITDA to turn positive in current quarter (Q4FY23).
 "PolicyBazaar hits over 5-month high; surges 30% thus far in February")
LIC's investment in Adani Group stocks now stands close to cost: Report
On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore
 "LIC's investment in Adani Group stocks now stands close to cost: Report")
Jindal Stainless (Hisar) fixes record date for merger with JSL; stock up 3%
JSHL Board approved merger of the company into Jindal Stainless with a swap ratio of 1: 1.95
 "Jindal Stainless (Hisar) fixes record date for merger with JSL; stock up 3%")
Mahindra Lifespace tumbles 8% after MD & CEO tenders resignation
The Mahindra Group has appointed Amit Kumar Sinha as the new MD & CEO from May 23, 2023
 "Mahindra Lifespace tumbles 8% after MD & CEO tenders resignation")
Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab
Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind
 "Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab")
Nandish Shah recommends a Bull Spread on Glenmark Pharma for March expiry
The derivative analyst from HDFC Securities recommends to Buy Glenmark 460 Call and simultaneously Sell 480 Call of the March series.
 "Nandish Shah recommends a Bull Spread on Glenmark Pharma for March expiry")
'Buy-on-dips' strategy suitable for Nifty MidCap 50, suggests Ravi Nathani
According to the technical analyst, traders must adopt 'buy-on-dips' strategy for Nifty Energy, Nifty Commodities, and Nifty MidCap 50 indices
 "'Buy-on-dips' strategy suitable for Nifty MidCap 50, suggests Ravi Nathani")
Sensex, Nifty extend losses into fifth session on rate hike fears
FMCG, auto, bankex, metal, oil & gas and services were the gainers
Despite NCLT setback, analysts remain positive on Zee Entertainment
Their sum-of-the-parts valuations ranges between Rs 275 and Rs 390, which indicates uncertainty
 "Despite NCLT setback, analysts remain positive on Zee Entertainment")