Page 1428 - Markets News
Is it time to move away from equities and focus on debt? What analysts say
US Fed chair Jerome Powell has reiterated that the Federal Open Market Committee (FOMC) is likely to raise rates further than previously anticipated
 "Is it time to move away from equities and focus on debt? What analysts say")
India Ratings lowers outlook on Adani Enterprises, Adani Green to negative
Flags interest rate risks, uncertainty on cash flow mismatches
 "India Ratings lowers outlook on Adani Enterprises, Adani Green to negative")
Investing in stocks? Dump social media, seek advice from regulated entities
Relying on social media platforms puts you at risk of falling prey to pump-and-dump schemes
 "Investing in stocks? Dump social media, seek advice from regulated entities")
Sensex gains 124 pts, Nifty tops 17,750; IndusInd Bank up 5%, Adani Port 3%
CLOSING BELL: Bottom fishing in select heavyweights lifted benchmark indices off lows, leading to a positive close for a third consecutive day on Wednesday
 "Sensex gains 124 pts, Nifty tops 17,750; IndusInd Bank up 5%, Adani Port 3%")
India must limit H1 bond sales to 55% of annual goal, say traders
India aims to borrow gross Rs 15.43 trillion ($187.85 billion) through a sale of bonds in the next financial year beginning April 1, up from the Rs 14.21 trillion raised this year
 "India must limit H1 bond sales to 55% of annual goal, say traders")
JSL, JSHL hit new highs ahead of merger; zoom over 100% in 6 months
Jindal Stainless (Hissar) has fixed Thursday, March 9, 2023, as the record date for its merger with Jindal Stainless with a swap ratio of 1: 1.95
 "JSL, JSHL hit new highs ahead of merger; zoom over 100% in 6 months")
Vardhman Special Steel soars 9% on starting production for Toyoto Group Co
The company said sales of these products for FY2023- 24 will be 10,000 MT approx and further increase with receipt of more approvals in next 2-3 years.
 "Vardhman Special Steel soars 9% on starting production for Toyoto Group Co")
Kirloskar Oil Engines surges 18%, hits over 5-yr high after huge block deal
As many as 25.62 million equity shares, representing 17.7 per cent of total equity, worth Rs 825 crore of KOEL changed hands on the NSE, the exchange data shows
 "Kirloskar Oil Engines surges 18%, hits over 5-yr high after huge block deal")
Bulls ride PSE index to historic peak, half of index stocks on breakouts
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
 "Bulls ride PSE index to historic peak, half of index stocks on breakouts")
Sugar shares in focus; Dwarikesh, Balrampur, Dhampur, Dalmia gain up to 5%
India has a cushion to export an additional 1 million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year
 "Sugar shares in focus; Dwarikesh, Balrampur, Dhampur, Dalmia gain up to 5%")
HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore
Hindustan Aeronautics received an order for 70 HTT-40 trainer aircraft worth over Rs 6,800 crore, while L&T bagged a contract worth Rs 3,100 crore for supply of three cadet training ships.
 "HAL, L&T gain up to 3% as government inks contracts worth Rs 9,900 crore")
Adani shares gain up to 5% after Group repays Rs 7,374 cr share-backed loan
So far in the last two months, the Adani Group now have prepaid share-backed financing up to $2,016 mn as part of the promoters' commitment to cut overall leverage.
Stocks to Watch: HAL, L&T, Allcargo Logistics, Zee Ent, Power Grid, NBCC
Stocks to Watch: Zee Entertainment has entered a settlement agreement with operational creditor Indian Performing Rights Society to settle all claims and disputes
 "Stocks to Watch: HAL, L&T, Allcargo Logistics, Zee Ent, Power Grid, NBCC")
MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224
The anticipated trading band for the MCX Crude Oil futures has got narrower to Rs 6,180 - Rs 6,660. Broader trend for Natural Gas remains weak as the commodity trades below 200-WMA.
 "MCX Crude Oil may soon breakout; Bias negative for Natural Gas below Rs 224")
Charts show bullish trend for Nifty Private Bank in near-term: Ravi Nathani
According to technical analyst, the Nifty Private Bank index exhibits a bullish trend in the near term, but traders must exercise caution and wait for decisive breakout before taking any new position
 "Charts show bullish trend for Nifty Private Bank in near-term: Ravi Nathani")
After weak Q3 show, concerns seem to be built into Indus Towers stock price
Discounted Cash Flow valuations estimates of analysts are between Rs 170-190 per share
 "After weak Q3 show, concerns seem to be built into Indus Towers stock price")
S&P Global Ratings cuts Nissan's credit rating by a notch to junk status
It will take longer than expected for Nissan's automobile division to recover from wavering sales and production, S&P said in a statement Tuesday
 "S&P Global Ratings cuts Nissan's credit rating by a notch to junk status")
MFs, AMCs get more time to submit applications for empanelment of auditors
Capital markets regulator Sebi extended time till March-end for submission of applications for empanelment of forensic auditors for mutual funds, asset management companies (AMCs) and trustee entities
 "MFs, AMCs get more time to submit applications for empanelment of auditors")
Coal India to ITC: 10 stocks to hedge against share price volatility
Equity markets have been volatile over the past year. At such times, investors can look at firms that pay generous dividends, which can become a second income
 "Coal India to ITC: 10 stocks to hedge against share price volatility")
Finance, durables stocks see maximum FPI selling in last fortnight of Feb
Outflow from two of India's largest sectors in terms of market cap shows FPIs remain in 'sell' mode: Experts
 "Finance, durables stocks see maximum FPI selling in last fortnight of Feb")