Page 1440 - Markets News
Cyient hits 52-week high on pact with Thingtrax; stock surges 7% in 3 days
Last month, electronic Manufacturing Services (EMS) firm Cyient DLM, a subsidiary of Cyinet, filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an IPO.
 "Cyient hits 52-week high on pact with Thingtrax; stock surges 7% in 3 days")
Real estate shares weak; Godrej Properties, DLF, Mahindra Life shed 3% each
Godrej Properties, DLF and Mahindra Lifespace Developers were down 3 per cent, while Macrotech Developers (Lodha), Sobha, Oberoi Realty, Indiabulls Real Estate and Prestige Estates fell 1-2 per cent
 "Real estate shares weak; Godrej Properties, DLF, Mahindra Life shed 3% each")
Adani group shares extend fall; Adani Total Gas tanks 79% in one month
Adani Power (Rs 162.60), Adani Transmission (Rs 788.75), Adani Total Gas (Rs 834.95), Adani Green Energy (Rs 539.30) and Adani Wilmar (Rs 390.35) were locked at 5 per cent lower circuit today
 "Adani group shares extend fall; Adani Total Gas tanks 79% in one month")
Siemens, JSL: 9 stocks in Nifty 500 top new highs despite sluggish mood
On Wednesday, shares of Cera Sanitaryware, Jindal Stainless, Siemens, and Triveni Turbine recorded new all-time highs, despite weak market
 "Siemens, JSL: 9 stocks in Nifty 500 top new highs despite sluggish mood")
Shares of air-conditioner makers rally up to 7% amid heat wave alert
Analyst at Jefferies believes FY24E should see both Air-Conditioner (AC) and Engineering segments of Voltas being in a sweet spot.
 "Shares of air-conditioner makers rally up to 7% amid heat wave alert")
CRISIL upgrades DB Power's rating after Adani Power calls off acquisition
CRISIL also removed the company from "on watch status" and assigned "stable" outlook
 "CRISIL upgrades DB Power's rating after Adani Power calls off acquisition")
IRB Infra up 6%, nears 52-week high as stock trades ex-split in 1:10 ratio
Meanwhile, in past two trading days, the stock has surged 12 per cent after the company emerged as a preferred bidder for Rs 2,132 crore built-operate-transfer (BOT) project in Gujarat.
 "IRB Infra up 6%, nears 52-week high as stock trades ex-split in 1:10 ratio")
Triveni Turbine rises 2% to hit new high in weak market on strong outlook
During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY
 "Triveni Turbine rises 2% to hit new high in weak market on strong outlook")
MCX Crude Oil remains range-bound; bias can turn positive above Rs 6,465
On the flip side, in case, Crude Oil futures break the support at the lower-end the commodity could dip below the Rs 6,000 mark.
 "MCX Crude Oil remains range-bound; bias can turn positive above Rs 6,465")
Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Pidilite Industries and Delhivery
 "Here's why Vinay Rajani is bullish on Pidilite Industries, Delhivery")
Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc
Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile
 "Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc")
Charts show range-bound pattern for Nifty FMCG, Auto indices: Ravi Nathani
According to the technical analyst, charts suggest range-bound pattern for Nifty FMCG, Nifty Metal, and Nifty Auto indices in the near-term
 "Charts show range-bound pattern for Nifty FMCG, Auto indices: Ravi Nathani")
Practice of permanent board seats at listed companies likely to end
Sebi also proposes stricter norms for special rights
 "Practice of permanent board seats at listed companies likely to end")
Oil & gas, power form bulk of stocks sold by FPIs in first fortnight of Feb
Financial services, IT, capital goods among favoured sectors, with FPIs buying stocks worth over Rs 5,600 cr in these spaces
 "Oil & gas, power form bulk of stocks sold by FPIs in first fortnight of Feb")
Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary
Deal struck at Rs 151.4 a share, makes Pantomath arm Cliqtrade Stockbrokers a co-promoter
 "Pantomath buys 37.2% in broking firm Asit C Mehta through subsidiary")
Sensex, Nifty end lower in choppy trade, extend losses for third day
The NSE Nifty slipped 17.90 points or 0.1 per cent to end at 17,826.70 with 30 of its scrips ending in the red
 "Sensex, Nifty end lower in choppy trade, extend losses for third day")
Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO
Joyalukkas, which focuses mainly on Southern India, is the latest to delay or pull its IPO plans amid market volatility and stubbornly high inflation
 "Indian jeweller Joyalukkas drops public listing plan, withdraws $278 mn IPO")
Jobs in small towns, gender diversity to earn India Inc better ESG ratings
Market regulator Sebi proposes new rating parameters better suited to domestic context
Trading hours for interest rate derivatives extended till 5 pm by NSE
This move by NSE is aimed at converging with underlying market timings the exchange said in a circular
 "Trading hours for interest rate derivatives extended till 5 pm by NSE")
Freeze demat accounts of MDs and CEOs for non-compliance, says Sebi
Regulator proposes to beef up listing obligations and disclosure norms
 "Freeze demat accounts of MDs and CEOs for non-compliance, says Sebi")