Page 1427 - Markets News
Valuation of India's premium to EMs and world market shrinks, shows data
Gap narrows by 25% since October; better growth prospects underpin valuations
 "Valuation of India's premium to EMs and world market shrinks, shows data")
How to approach IT stocks amid tighter monetary policy, recession fears?
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
 "How to approach IT stocks amid tighter monetary policy, recession fears?")
Under heavy selling, Sensex snaps 3-day winning run; falls 540 points
Equity benchmark Sensex declined nearly 540 points on Thursday, pressured by heavy selling in index heavyweights Reliance Industries, Bajaj Finserv and ICICI Bank
 "Under heavy selling, Sensex snaps 3-day winning run; falls 540 points")
Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600
CLOSING BELL: M&M (down 3 per cent), RIL (down over 2 per cent), Bajaj Finserv, ICICI Bank, Maruti Suzuki, Tata Motors, Tech M, Bajaj Finance, TCS, ITC, Titan, and SBI were the top Sensex laggards
 "Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600")
Four Adani Group stocks hit upper circuit today: All you need to know
Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares
 "Four Adani Group stocks hit upper circuit today: All you need to know")
Aptus Value down 13% in 2 days as it denies merger talks with Cholamandalam
On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company
 "Aptus Value down 13% in 2 days as it denies merger talks with Cholamandalam")
Stock of this electric bus manufacture has zoomed 68% in 10 trading days
In the past three trading days,Olectra Greentech has rallied 24% after EVEY received two Letter of Awards from the Telangana State Road Transport Corporation for 550 Electric Buses
 "Stock of this electric bus manufacture has zoomed 68% in 10 trading days")
Treasury yield curve inverts: What it means and what does it signal?
Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future
 "Treasury yield curve inverts: What it means and what does it signal?")
Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
 "Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise")
Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook
The company said that the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sectors
 "Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook")
Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?
Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.
 "Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?")
SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma
In November 2022, SeQuent had announced the acquisition of Tineta Pharma for Rs 218 crore but the said transaction has not materialised
 "SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma")
NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook
Power demand will continue to grow from January to June owing to summer demand
 "NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook")
Gokaldas Exports dips 4% after 13% equity changes hands via block deal
Till 09:23 AM, roughly 8.15 million equity shares, representing 13.5 per cent of the total equity of Gokaldas Exports, had changed hands on the NSE
 "Gokaldas Exports dips 4% after 13% equity changes hands via block deal")
Adopt 'buy-on-dips' strategy for Nifty FMCG index, suggests Ravi Nathani
According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend
 "Adopt 'buy-on-dips' strategy for Nifty FMCG index, suggests Ravi Nathani")
Stocks to Watch: Bharat Forge, Shoppers Stop, Gokaldas, Lotus Chocolate
Stocks to Watch: As per a report, Clear Wealth Consultancy Svcs LLP will likely sell 8.25 per cent stake via block deal in Gokaldas Exports today
Sebi puts restrictions on cos opting share buyback via stock exchange route
Capital markets regulator Sebi on Wednesday imposed restrictions on the placement of bids, price and volume for the companies undertaking share buyback through the stock exchange route.
 "Sebi puts restrictions on cos opting share buyback via stock exchange route")
PSU outperformance over Nifty can continue; investors fear price downtrend
Though there are some inherent downsides, upsides include low valuations, high dividend yield
 "PSU outperformance over Nifty can continue; investors fear price downtrend")
Adani Enterprises surges over 70% in the last 6 trading sessions
Some of the group stocks also hit their upper circuit levels after the group announced that it has repaid share-based financing of Rs 7,374 crore
 "Adani Enterprises surges over 70% in the last 6 trading sessions")
Sensex extend winning run to 3rd day as financial, energy shares advance
Benchmark Sensex and Nifty closed higher for a third session in a row on Wednesday as fag-end buying in banking, financial and oil stocks helped the indices rebound from early lows
 "Sensex extend winning run to 3rd day as financial, energy shares advance")