Page 1425 - Markets News
Stocks to Watch: HDFC, IndusInd Bank, PVR, Orient Cement, RIL, IT, FMCG
Stocks to watch today: In a relief to multiplexes, the Supreme Court on Tuesday said that theatre owners had the right to prohibit outside food and beverages on their premises
 "Stocks to Watch: HDFC, IndusInd Bank, PVR, Orient Cement, RIL, IT, FMCG")
Nifty, Bank Nifty exhibit a mixed bias, says Ravi Nathani
The technical analyst expects Nifty to test 18,336 and 18,464 on the upside; whereas Bank Nifty needs to surpass 43,860 for fresh buys, Nathani suggests.
Vinay Rajani recommends to buy HCC, Nava as stocks crossed key resistances
On the broader market outlook, the technical & derivative analyst from HDFC Securities suggests that the trend for Nifty is still bearish.
 "Vinay Rajani recommends to buy HCC, Nava as stocks crossed key resistances")
200-DMA of BSE 500 companies rises but gains may not be broad-based
97% of companies were above mark when indices hit all-time high in Oct '21, against just over 55% presently
 "200-DMA of BSE 500 companies rises but gains may not be broad-based")
India's cement industry continues to present a puzzle to investors
Given margin pressure and gradual demand revival, companies with strong balance sheet may gain in long run
 "India's cement industry continues to present a puzzle to investors")
Sebi bans 4 entities from market for unauthorised advisory services
Capital Markets regulator Sebi on Tuesday barred four entities from the securities markets for providing unauthorised investment advisory services without the regulator's authorisation
 "Sebi bans 4 entities from market for unauthorised advisory services")
Debt assets power PMS growth amid equity dip, accounts for 80% of assets
Outlook for PMS debt schemes seems positive going forward, with likelihood of superior returns once rate hike cycle ends
 "Debt assets power PMS growth amid equity dip, accounts for 80% of assets")
Pharma firms with India focus preferred as US market concerns grow
Steady outlook and higher returns triggers for companies refining their strategy
 "Pharma firms with India focus preferred as US market concerns grow")
Norway's Norges Bank buys MCX shares worth Rs 50 cr in open market
Norway's Norges Bank - Government Pension Fund Global on Tuesday bought 338,000 shares of Multi Commodity Exchange of India (MCX) for over Rs 50 crore through an open market transaction
 "Norway's Norges Bank buys MCX shares worth Rs 50 cr in open market")
Sebi issues demand notice to Singh brothers in fund diversion case
Failure to pay the fines could lead to attachment and sale of properties
Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent
 "Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%")
Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval
Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company's management said
 "Swan Energy hits lifetime high after NCLT nod to acquire Reliance Naval")
Rama Steel hits new high after it clocks highest-ever sales volume in Q3
In the past three months, the stock rallied 75 per cent, as against 8 per cent rise in the S&P BSE Sensex
 "Rama Steel hits new high after it clocks highest-ever sales volume in Q3")
Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%
Kotak Institutional Equities has initiated coverage on Life Insurance Corporation of India (LIC) with a 'buy' rating and a fair value of Rs 1,000
 "Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%")
Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high
In past six months, the stock has zoomed 51 per cent, as against 8 per cent gain in the S&P BSE Sensex.
 "Power Finance Corporation surges 5% on heavy volumes; hits over 5-year high")
TaMo, Maruti Suzuki: Auto stocks in tight spot amid diverse December sales
In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki
 "TaMo, Maruti Suzuki: Auto stocks in tight spot amid diverse December sales")
PSP Projects hits record high as it emerges L1 bidder for a govt project
In the past one month, PSP Projects outperformed the market as shares surged 18 per cent, as against 3 per cent decline in the S&P BSE Sensex.
 "PSP Projects hits record high as it emerges L1 bidder for a govt project")
Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company
Gunjan Patidar is the fourth co-founder to exit the company since 2018 and also the fourth top level exit in the company in past two months.
 "Zomato dips 4% as co-founder, CTO Gunjan Patidar quits company")
Mehul Kothari is bullish on Linde India, Saregama; check why
According to the technical analyst from Anand Rathi, Linde India can rally to Rs 3,875; while Saregama can surge to Rs 425.
 "Mehul Kothari is bullish on Linde India, Saregama; check why")
Stocks to Watch: Zomato, IRCTC, Maruti Suzuki, RIL, Birlasoft, M&M Fin, ZEE
Stocks to watch today: Maruti Suzuki India recorded a 16.5 per cent YoY decline in production volume for passenger vehicles in December 2022
 "Stocks to Watch: Zomato, IRCTC, Maruti Suzuki, RIL, Birlasoft, M&M Fin, ZEE")