Page 1439 - Markets News
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")
Sebi bars AIFs from raising capital from non-compliant foreign investors
Foreign investor must be is a resident of the country whose market regulator is a signatory to either IOSCO multilateral MoU or has signed bilateral MoU with Sebi
 "Sebi bars AIFs from raising capital from non-compliant foreign investors")
Paytm surges 7% on share buyback plan; board to meet on Dec 13
The company in a release to the exchanges said that the management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial to the shareholders.
 "Paytm surges 7% on share buyback plan; board to meet on Dec 13")
IT stocks tumble as Credit Suisse warns of valuation-led correction
Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top
 "IT stocks tumble as Credit Suisse warns of valuation-led correction")
Snapdeal defers $152 mn IPO indefinitely citing poor market conditions
Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy
 "Snapdeal defers $152 mn IPO indefinitely citing poor market conditions")
OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts
HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment
 "OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts")