Page 1420 - Markets News

Consumer Index sees trend reversal ahead of Budget; M&M, ITC near breakout

If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better

HDFC Bank, HDFC extend gains; advance over 3% in two trading days

In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex

Landmark Cars surges 7%, hits new high on strong business update

The company said it witnessed a strong revenue growth, with multiple tailwinds in the form of rising income levels, new models launches by our partner OEM and changing lifestyle preferences

Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month

Adani Enterprises is planning to launch its Rs 20,000-crore follow-on public offer (FPO) before the Union Budget on February 1

Uptrend in Crude oil capped at Rs 6,760; Pivot for Natural Gas at Rs 285

In case Rs 285 holds, Natural Gas futures can potentially rally to Rs 344.

ICICI Lombard slips 6% on disappointing Q3 results

ICICI Lombard delivered weaker-than-expected performance in Q3FY23 on all counts - weaker premium, lower investment income, and higher expense ratio, Motilal Oswal Financial Services said

Bank Nifty likely to consolidate in the near-term, says Ravi Nathani

According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts

Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.

Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL

Stocks to watch today: Tata Metaliks reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses

Rebound in power demand to fire up related stks over medium-term: Analysts

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows

Reliance Industries may hive off green hydrogen business to InvIT

Jefferies values firm's green hydrogen business at $8 bn

Sebi moots ASBA-like payment system for secondary market stock trade

Proposed payment system aimed at preventing misuse of client funds by brokers

ICICI Prudential Life Insurance net profit drops 29% YoY in Dec quarter

Its value of new business (VNB) increased 20 per cent YoY to Rs 618 crore in Q3FY23 compared to Rs 515 crore in the year-ago period

Sebi returns Lava Intl's draft IPO papers; asks to refile with updates

The proposed IPO comprises fresh issuance of equity shares worth up to Rs 500 crore and an offer for sale (OFS) component of 4,37,27,603 equity shares

Rupee slides 0.5% as importers continue to lock in dollar purchases

FPI outflows, likely RBI dollar purchases weigh on domestic currency

Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO

Pharmaceutical companies Innova Captab Ltd and Blue Jet Healthcare have received Sebi's go-ahead to raise funds through initial public offering (IPO)

Strong US sales momentum may drive further gains for Zydus Lifesciences

Market share gains in the Indian market and margin expansion are other positives

From Paytm to Zomato, start-ups see fresh round of selling; stock falls

Market players said the selling could be because of fears around further sell-downs by existing investors

Berger Paints India eyes Rs 20,000 crore turnover in the next 5-6 years

The company was scouting for a 40-50 acre-plot in Odisha, says Abhijit Roy, MD and CEO, Berger Paints

Equity benchmarks defy global cues, finish nearly 1% in the green

The 30-share BSE Sensex rallied 562.75 points or 0.94 per cent to settle at 60,655.72