Page 1413 - Markets News
ITC hits life-time high, bounces back 11% from day's low on heavy volumes
Shares of ITC were up nearly 4 per cent at Rs 365.65, surpassing its previous high of Rs 362, touched on November 11, 2022, on the BSE in intra-day trade on Wednesday.
 "ITC hits life-time high, bounces back 11% from day's low on heavy volumes")
L&T, Siemens surge up to 5% as govt proposes 33% jump in capex outlay
Timken India, Praj Industries, AIA Engineering and ABB were among other individual stocks from the S&P BSE Capital Goods index, up 4 - 5 per cent each.
 "L&T, Siemens surge up to 5% as govt proposes 33% jump in capex outlay")
Indian Hotels soars 7% on heavy volumes backed by strong Q3 show
The demand outlook for the sector in 2023 remains robust on the back of sporting events such as world cup hockey and cricket and global events like the ongoing G20.
 "Indian Hotels soars 7% on heavy volumes backed by strong Q3 show")
Markets 'overpricing' banks' risk from Adani exposure: Societe Generale
India's banking sector has been one of the hardest hit by the collateral damage from the sharp correction in the Adani group stocks over the past week post the Hindenburg report: SocGen
 "Markets 'overpricing' banks' risk from Adani exposure: Societe Generale")
Adani group shares extend fall; Adani Total Gas tanks 51% in five days
Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.
Apar Industries zooms 42% in two days, hits record high on robust earnings
The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.
 "Apar Industries zooms 42% in two days, hits record high on robust earnings")
Trading strategy in Nifty on the Budget Day by Vinay Rajani
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.
 "Trading strategy in Nifty on the Budget Day by Vinay Rajani")
Ravi Nathani recommends placing bearish trading bets on Nifty Metal index
According to the technical analyst, the Nifty FMCG index is gyrating in a 1,000-point range, a breakout from the same could trigger a fresh trend.
 "Ravi Nathani recommends placing bearish trading bets on Nifty Metal index")
Adani Enterprises' Rs 20,000-crore FPO sails through Hindenburg storm
Even though AEL's share price continued to languish below its issue price, FPO managed to garner 1.12 times subscription, attracting bids worth over Rs 16,000 cr
Adani group stock rout takes India out of top-five on market capitalisation
The close to $70 billion rout in Adani Group stocks has seen the domestic market slip to sixth position in the world
 "Adani group stock rout takes India out of top-five on market capitalisation")
Sebi penalises PVR Murthy in GDR manipulation of Birla Cotsyn, Zenith Birla
In two separate orders, the regulator slapped a fine of Rs 10 lakh each on PVR Murthy
 "Sebi penalises PVR Murthy in GDR manipulation of Birla Cotsyn, Zenith Birla")
Winter chill grips domestic indices unlike Asian peers; Nifty50 falls most
Indian equities worst-performing in Jan; Nifty50, which includes two Adani stocks, falls most
 "Winter chill grips domestic indices unlike Asian peers; Nifty50 falls most")
Hindenburg report: Sebi discusses Adani firms with ratings agencies
SEBI asked about the maturity profile of Adani Group debts, its liquidity, the founder's leverage and the overall rating process
Mixed day for Adani group stocks, market capitalisation unchanged
The flagship firm Adani Enterprises rose nearly 3.4 per cent after its follow-on share sale managed to sail through
Sebi penalises 15 entities for manipulating BFL Asset Finvest stock prices
The shares of the BAFL are listed on the BSE
Adani Enterprises FPO: Issue fully subscribed on the last day with NII push
Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed
 "Adani Enterprises FPO: Issue fully subscribed on the last day with NII push")
Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed
CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent
 "Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed")
Laurus Labs slips 5%, hits over 2-year low post December quarter results
Laurus Labs delivered operationally in-line performance, led by healthy traction in CDMO-Synthesis/Non-ARV API segment
 "Laurus Labs slips 5%, hits over 2-year low post December quarter results")
IndiGo Q3 preview: Airline to turn profitable amid healthy traffic, low ATF
The domestic air traffic capacity reached close to full capacity in Q3, while a pick up in international commercial flights provided the much needed relief to the aviation industry
 "IndiGo Q3 preview: Airline to turn profitable amid healthy traffic, low ATF")
Bank of Baroda Q3: What to expect from the lender's Dec quarter result?
Bank of Baroda Q3 preview: Analysts said traction in deposits, margin trajectory, and update on appointment of new MD & CEO would be on investors' radar
 "Bank of Baroda Q3: What to expect from the lender's Dec quarter result?")