Page 1433 - Markets News
Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support
CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.
 "Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support")
LIC gains 4%, hits over 3-month high in subdued market
The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut
 "LIC gains 4%, hits over 3-month high in subdued market")
Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo
The company said it is expecting additional revenue of nearly Rs 60 crore per annum with gross margins of about 26 per cent from the new capacity
 "Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo")
IHC, Mahindra Holidays: Time to check-in hotel stocks this holiday season?
Hotel stocks are seeing healthy accumulation with select stocks eyeing up to 35 per cent jump this travel season
 "IHC, Mahindra Holidays: Time to check-in hotel stocks this holiday season?")
Bharat Forge gains 2% on healthy medium term growth prospects
The spike comes after the management re-iterated healthy medium term revenue prospects, supported by growth in defense, aerospace, e-mobility, and aluminum segments
 "Bharat Forge gains 2% on healthy medium term growth prospects")
YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal
On Friday, the Reserve Bank of India (RBI) issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings
 "YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal")
Uniparts India makes weak debut; sheds 7% against issue price post listing
Post listing, the stock of industrial products company slipped to Rs 538, a 7 per cent discount to its issue price on the NSE.
 "Uniparts India makes weak debut; sheds 7% against issue price post listing")
VA Tech Wabag surges 12%, hits 52-week high on order win worth Rs 260 crore
The company has secured industrial waste water treatment order in Romania worth about Rs 260 crore (30 million euros)
 "VA Tech Wabag surges 12%, hits 52-week high on order win worth Rs 260 crore")
Nifty IT index slips 5% in two days on earnings, valuation worries
Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.
 "Nifty IT index slips 5% in two days on earnings, valuation worries")
Gold futures likely to re-test Rs 55,550; Silver on course to Rs 71,350
The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels.
 "Gold futures likely to re-test Rs 55,550; Silver on course to Rs 71,350")
Stocks to watch: Glenmark Pharma, NTPC, V-Guard Inds, Lupin, YES Bank, NDTV
Stocks to watch today: Jaiprakash Associates has called a board meeting on Monday, December 12, to mull over sale of their Nilgrie cement unit in Madhya Pradesh
Tax parity will give MFs a level playing field: Axis AMC's Chandresh Nigam
'Equity fund selection depends upon an individual's risk profile. But if I were to choose one, it would be the flexicap'
 "Tax parity will give MFs a level playing field: Axis AMC's Chandresh Nigam")
SIP closure ratio surges to 51% in 2022 from 41% in 2021: Amfi data
Until end-November, 23 million new SIP accounts were registered, compared with 22 million during the same period in 2021 - a growth of 6 per cent
 "SIP closure ratio surges to 51% in 2022 from 41% in 2021: Amfi data")
Buybacks jump 2.6 times this year as stocks take a tumble, shows data
51 companies have announced Rs 37,519-crore buybacks so far
 "Buybacks jump 2.6 times this year as stocks take a tumble, shows data")
Recovery in pipeline for pipe makers with price correction down the tubes
Margins to expand, given demand recovery in key segments and falling input costs
 "Recovery in pipeline for pipe makers with price correction down the tubes")
Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more
Foreign portfolio investors (FPIs) have scaled back their bullish bets, nearly triggering a 500-point fall in the Nifty50 Index
 "Street Signs: FPIs dial back wagers, grey mkt premiums for IPOs, and more")
FPIs have invested Rs 4,500 cr in Indian equity markets so far in December
After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and infused Rs 4,500 crore in the Indian equity markets so far in December
 "FPIs have invested Rs 4,500 cr in Indian equity markets so far in December")
Markets to track inflation data, US Fed rate decision this week: Analysts
The trading activity in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and the US Fed interest rate decision, analysts said.
 "Markets to track inflation data, US Fed rate decision this week: Analysts")
Foreign outflows, weak IT sector stocks weigh on benchmark indices
Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions
 "Foreign outflows, weak IT sector stocks weigh on benchmark indices")
Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023
Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences
 "Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023")