Page 1444 - Markets News
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
 "Jobs in small towns, gender diversity to earn India Inc better ESG ratings")
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")
Adani Power hits fourth 5% upper circuit; No respite for Adani Green
Adani Power was locked at the 5 per cent upper limit, and has rallied 21 per cent in last four days. Adani Green hit 5 per cent lower circuit, and has shed 70 per cent since the Hindenburg allegation.
 "Adani Power hits fourth 5% upper circuit; No respite for Adani Green")
Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%
CLOSING BELL: Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards
 "Sensex, Nifty end flat after volatile day; NTPC gains 3%, PSB index dips 2%")
IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project
The company has fixed Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split in the ratio of 1:10.
 "IRB Infra up 4% as it emerges preferred bidder for Rs 2,132 cr BOT project")
Decoded: What is index rebalancing, and how does it impact stocks?
Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks
 "Decoded: What is index rebalancing, and how does it impact stocks?")
This beaten down pharma stock has zoomed over 50% in last 11 trading days
Shares of Dishman Carbogen Amcis zoomed 14 per cent to Rs 124 on the BSE in Tuesday's intra-day trade on the back of heavy volumes
 "This beaten down pharma stock has zoomed over 50% in last 11 trading days")
Zen Technologies hits record high; up 35% in one month on robust Q3 results
The company expects a few more big order wins from aggressive purchase being made by the government
 "Zen Technologies hits record high; up 35% in one month on robust Q3 results")
Nifty Pharma dips to 7-mth low; bears may gain control if breaks 52-wk low
Barring Sun Pharmaceutical Industries, which is anticipated to rally up to 10 per cent; other stocks indicate weak bias, as per technical charts
 "Nifty Pharma dips to 7-mth low; bears may gain control if breaks 52-wk low")
Power stocks surge as govt orders coal-based plants to run at full capacity
The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer
 "Power stocks surge as govt orders coal-based plants to run at full capacity")
Minda Corp slips 9% in 3 days after it acquires 15.7% stake in Pricol
MCL bought Pricol's shares at a price of Rs 208.98 per share. This is an open-market transaction and no prior approvals have been obtained
 "Minda Corp slips 9% in 3 days after it acquires 15.7% stake in Pricol")
Combined equity market value of 10 Adani Group firms slips below $100 bn
Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group's access to financing
 "Combined equity market value of 10 Adani Group firms slips below $100 bn")
BSE Capital Goods index nears record high; Siemens, L&T gain up to 3%
Analysts at Emkay Global Financial Services uphold their constructive view on the sector, driven by its strong tender pipeline, softening commodity prices and expectation of good order inflow growth.
 "BSE Capital Goods index nears record high; Siemens, L&T gain up to 3%")
Delhivery jumps 5%, gains 14% in seven straight days post Q3 results
The stock was up over 5 per cent in Tuesday's trading session, and hit a high of Rs 359 on the BSE.
 "Delhivery jumps 5%, gains 14% in seven straight days post Q3 results")
Marine Electricals rallies 5% after it bags order from Goa Shipyard
The company will supply shaft generators, main switch boards, distribution boards, and associated systems with OBS for PCV Project from Goa Shipyard
 "Marine Electricals rallies 5% after it bags order from Goa Shipyard")
Uflex drops 4%, hits 52-wk low on report of Income-Tax raid at Noida office
According to several media reports, the Income Tax department was conducting a raid at the office of Uflex in Noida, alleging that the company has issued several bogus bills
 "Uflex drops 4%, hits 52-wk low on report of Income-Tax raid at Noida office")