Page 1435 - Markets News
YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market
Shares of YES Bank vaulted 15 per cent on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE & BSE
 "YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market")
HUL hits 52-week high as company forays into health & wellbeing category
The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.
 "HUL hits 52-week high as company forays into health & wellbeing category")
HCL Tech management cautious on revenue growth in FY23; stock plunges 6%
At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent
 "HCL Tech management cautious on revenue growth in FY23; stock plunges 6%")
Here's why Mehul Kothari recommends to Buy Garden Reach, Praj Industries
According to the technical analyst from Anand Rathi, Garden Reach can rally to Rs 590, while Praj Industries can bounce back to Rs 412.
 "Here's why Mehul Kothari recommends to Buy Garden Reach, Praj Industries")
Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
 "Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma")
Nandish Shah recommends this F&O strategy in Bank Nifty for 22-Dec expiry
The derivative analyst from HDFC Securities recommends to Buy Bank Nifty 43,500 Call and simultaneously Sell 44,000 Call for the weekly expiry ending on 22-December.
 "Nandish Shah recommends this F&O strategy in Bank Nifty for 22-Dec expiry")
What to expect from Indian equity markets in 2023 as performance cools
While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia
 "What to expect from Indian equity markets in 2023 as performance cools")
Adani firms, RIL share honours in Motilal Oswal wealth-creation study
The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022
 "Adani firms, RIL share honours in Motilal Oswal wealth-creation study")
Podcast: How long will the rally in railway stocks sustain?
Will railway stocks be able to hold on to their recent gains. Listen to this podcast to know more
 "Podcast: How long will the rally in railway stocks sustain?")
Auto dealership chain Landmark Cars IPO to open from December 13-15
Automobile dealership chain Landmark Cars Ltd on Thursday said it has fixed a price band of Rs 481-506 per share for its Rs 552 crore initial share-sale that opens for public subscription on December 13.
 "Auto dealership chain Landmark Cars IPO to open from December 13-15")
Dharmaj Crop extends gains after listing at 12% premium over issue price
Dharmaj Crop Guard made a good debut on the bourses on Thursday. The shares of the agrochemical company listed at Rs 266 per share on the BSE and the National Stock Exchange (NSE)
 "Dharmaj Crop extends gains after listing at 12% premium over issue price")
Indices up, bank stocks gain most; Sensex rises 160 points in choppy trade
The benchmark BSE Sensex rose by 160 points on Thursday in choppy trade following gains in select banking and auto counters amid mixed global cues.
 "Indices up, bank stocks gain most; Sensex rises 160 points in choppy trade")
Axis Bank stock hits lifetime high, rises 4% in 3 days on a stable outlook
Focus on risk adjusted business growth and improving margin trajectory is seen aiding return ratios with sustainability of performance to drive valuation ahead for Axis Bank, analysts
 "Axis Bank stock hits lifetime high, rises 4% in 3 days on a stable outlook")
New norms likely to hit demand, keep CG Consumer stock under pressure
The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators
 "New norms likely to hit demand, keep CG Consumer stock under pressure")
Demat additions lukewarm despite market's extended run in November
About 1.8 million new accounts added, 20% below monthly average for calendar 2022
 "Demat additions lukewarm despite market's extended run in November")
Rail stocks may chug along till budget; book profit selectively: Analysts
Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23
 "Rail stocks may chug along till budget; book profit selectively: Analysts")
Sebi receives over 30,000 whistleblower complaints: Chief vigilance officer
If we continue to misuse this policy with frivolous and mischievous complaints, then we are blunting it," she said
 "Sebi receives over 30,000 whistleblower complaints: Chief vigilance officer")
Subramanian Swamy alleges differential treatment by market regulator Sebi
Seeks the Sebi chair's intervention and probe in specific cases of violations
 "Subramanian Swamy alleges differential treatment by market regulator Sebi")
Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%
CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent
 "Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%")
PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth
In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex
 "PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth")