Page 1403 - Markets News
CRISIL upgrades DB Power's rating after Adani Power calls off acquisition
CRISIL also removed the company from "on watch status" and assigned "stable" outlook
 "CRISIL upgrades DB Power's rating after Adani Power calls off acquisition")
IRB Infra up 6%, nears 52-week high as stock trades ex-split in 1:10 ratio
Meanwhile, in past two trading days, the stock has surged 12 per cent after the company emerged as a preferred bidder for Rs 2,132 crore built-operate-transfer (BOT) project in Gujarat.
 "IRB Infra up 6%, nears 52-week high as stock trades ex-split in 1:10 ratio")
Triveni Turbine rises 2% to hit new high in weak market on strong outlook
During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY
 "Triveni Turbine rises 2% to hit new high in weak market on strong outlook")
MCX Crude Oil remains range-bound; bias can turn positive above Rs 6,465
On the flip side, in case, Crude Oil futures break the support at the lower-end the commodity could dip below the Rs 6,000 mark.
 "MCX Crude Oil remains range-bound; bias can turn positive above Rs 6,465")
Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Pidilite Industries and Delhivery
 "Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery")
Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
 "Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc")
Charts show range-bound pattern for Nifty FMCG, Auto indices: Ravi Nathani
According to the technical analyst, charts suggest range-bound pattern for Nifty FMCG, Nifty Metal, and Nifty Auto indices in the near-term
 "Charts show range-bound pattern for Nifty FMCG, Auto indices: Ravi Nathani")
Practice of permanent board seats at listed companies likely to end
Sebi also proposes stricter norms for special rights
 "Practice of permanent board seats at listed companies likely to end")
Oil & gas, power form bulk of stocks sold by FPIs in first fortnight of Feb
Financial services, IT, capital goods among favoured sectors, with FPIs buying stocks worth over Rs 5,600 cr in these spaces
 "Oil & gas, power form bulk of stocks sold by FPIs in first fortnight of Feb")
Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary
Deal struck at Rs 151.4 a share, makes Pantomath arm Cliqtrade Stockbrokers a co-promoter
 "Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary")
Sensex, Nifty end lower in choppy trade, extend losses for third day
The NSE Nifty slipped 17.90 points or 0.1 per cent to end at 17,826.70 with 30 of its scrips ending in the red
 "Sensex, Nifty end lower in choppy trade, extend losses for third day")
Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO
Joyalukkas, which focuses mainly on Southern India, is the latest to delay or pull its IPO plans amid market volatility and stubbornly high inflation
 "Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO")
Jobs in small towns, gender diversity to earn India Inc better ESG ratings
Market regulator Sebi proposes new rating parameters better suited to domestic context
Trading hours for interest rate derivatives extended till 5 pm by NSE
This move by NSE is aimed at converging with underlying market timings the exchange said in a circular
 "Trading hours for interest rate derivatives extended till 5 pm by NSE")
Freeze demat accounts of MDs and CEOs for non-compliance, says Sebi
Regulator proposes to beef up listing obligations and disclosure norms
 "Freeze demat accounts of MDs and CEOs for non-compliance, says Sebi")
Adani Power hits fourth 5% upper circuit; No respite for Adani Green
Adani Power was locked at the 5 per cent upper limit, and has rallied 21 per cent in last four days. Adani Green hit 5 per cent lower circuit, and has shed 70 per cent since the Hindenburg allegation.
 "Adani Power hits fourth 5% upper circuit; No respite for Adani Green")
Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%
CLOSING BELL: Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards
 "Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%")
IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project
The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.
 "IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project")
Decoded: What is index rebalancing, and how does it impact stocks?
Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks
 "Decoded: What is index rebalancing, and how does it impact stocks?")
This beaten down pharma stock has zoomed over 50% in last 11 trading days
Shares of Dishman Carbogen Amcis zoomed 14 per cent to Rs 124 on the BSE in Tuesday's intra-day trade on the back of heavy volumes
 "This beaten down pharma stock has zoomed over 50% in last 11 trading days")