Page 1446 - Markets News
Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC
Stocks to watch today: M&M will invest Rs 10,000 crore to set up an electric vehicle (EV) manufacturing facility in Pune; Bharti Airtel launched 5G Plus services at no-extra cost in Lucknow
 "Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC")
Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz
Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally
 "Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz")
Sebi planning 'micro' REITs to bring property companies to nascent market
'The regulator is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors'
 "Sebi planning 'micro' REITs to bring property companies to nascent market")
Indices settle higher on positive US inflation data, Sensex gains 145 pts
The broader NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30
 "Indices settle higher on positive US inflation data, Sensex gains 145 pts")
Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan
The number of shares bought back will be 10.5 million at the maximum buyback price of Rs 810, representing 1.6 per cent of the paid-up share capital
 "Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan")
Bonds and rupee gain; US inflation spurs hopes of dovish Fed move
Markets feel that US central bank's aggressive rate hike cycle may be nearing an end
 "Bonds and rupee gain; US inflation spurs hopes of dovish Fed move")
Brokers fret as secondary market ASBA gains motion with new UPI feature
Blocking money via UPI may lead to 5% decline in float parked with brokers, they fear
 "Brokers fret as secondary market ASBA gains motion with new UPI feature")
Sebi penalises Crude Oil Tipswala, 3 individuals for unregistered services
Sebi on Wednesday levied a fine of Rs 3 lakh on Crude Oil Tipswala (COT) and three individuals for providing investment advisory services without market regulator's authorisation
NSE cautions against assured return scheme offered by an individual
The NSE on Wednesday asked investors not to subscribe to any scheme with assured returns offered by an individual named Jay Prakash
 "NSE cautions against assured return scheme offered by an individual")
Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2%
CLOSING BELL: The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively
 "Sensex gains 145 pts ahead of US Fed outcome; YES Bank slumps 8%, Paytm 2%")
Stock of this specialty chemicals company has zoomed over 100% in 10 days
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
 "Stock of this specialty chemicals company has zoomed over 100% in 10 days")
CPAI asks Sebi to provide uninterrupted trading in cotton futures contracts
Commodity Participant Association of India (CPAI) has urged capital markets regulator Sebi to facilitate uninterrupted hedging and trading in cotton futures contracts to market participants
Fusion hits highest level since debut; soars 29% from listing day low
On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'
 "Fusion hits highest level since debut; soars 29% from listing day low")
Overseas investors oppose Sebi's data localisation norms, cite cyber risk
Sebi's proposed mandate will negatively impact FIs' global operation, ASIFMA argues
 "Overseas investors oppose Sebi's data localisation norms, cite cyber risk")
Bludgeoned bond markets hope peak inflation to bring revival: Analysis
Many of the world's big bond fund managers are optimistic that sovereign debt markets have turned a corner after a rout in 2022 with peak inflation and interest rates finally in sight
 "Bludgeoned bond markets hope peak inflation to bring revival: Analysis")
New India Assurance, GIC Re rally up to 12% on heavy volumes
In the past one month, shares of New India Assurance Company (up 30 per cent) and GIC Re (up 18 per cent) outperformed the S&P BSE Sensex, which was up less than 2 per cent during the period
 "New India Assurance, GIC Re rally up to 12% on heavy volumes")
Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%
So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.
 "Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%")
Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?
Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022
 "Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?")
YES Bank makes preferential allotment to Carlyle, Advent; stock dips 8%
Morgan Stanley has initiated the coverage on YES Bank with 'underweight' rating and a price target of Rs 20.50 per share
 "YES Bank makes preferential allotment to Carlyle, Advent; stock dips 8%")
SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
 "SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs")