Page 1452 - Markets News
Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750
CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.
 "Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750")
Sebi launches investigation against finfluencer P R Sundar and his son
Sundar isn't registered with Sebi, has been giving options trading advice and training on his social media handles. He has a million subscribers on YouTube, 480,000 followers on Twitter
 "Sebi launches investigation against finfluencer P R Sundar and his son")
IGL, MGL: Parikh recommendations may trigger up to 11% rally in gas stocks
Barring Gujarat Gas, other gas related stocks like Reliance, ONGC, MGL, IGL are poised for the next upside
 "IGL, MGL: Parikh recommendations may trigger up to 11% rally in gas stocks")
Investment opportunities in space cooling to be $1.5 trn by 2040 in India
Market potential and investment opportunities in space cooling will be $1.5 trn by 2040 in India. Therefore, it would be imperative for the govt to create an adequate enabling investment framework
 "Investment opportunities in space cooling to be $1.5 trn by 2040 in India")
Hotel shares in demand; TajGVK, Lemon Tree, Oriental Hotel rally up to 9%
Occupancy rate is expected to improve further from the pre-pandemic levels, on the back of strong demand drivers including resumption in foreign inbound travel, says analyst at Motilal Oswal.
 "Hotel shares in demand; TajGVK, Lemon Tree, Oriental Hotel rally up to 9%")
Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals
The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.
 "Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals")
Global investors bullish on Indian equities market despite 86% premium: UBS
Swiss brokerage UBS Securities said global investors are bullish on Indian equities market in spite of the 86% premium it commands over emerging market peers
 "Global investors bullish on Indian equities market despite 86% premium: UBS")
This newly listed SME stock has zoomed 107% against its issue price
With today's rally, the stock price of Technopack Polymers has more-than-doubled or zoomed 107 per cent against its issue price of Rs 55 per share
 "This newly listed SME stock has zoomed 107% against its issue price")
Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate
The MCX Crude Oil December futures could test Rs 7,100-level on the upside as long as the commodity manages to sustain above the 100-WMA support.
 "Key support for MCX Crude Oil near Rs 6,200; Natural Gas may consolidate")
Gland Pharma enters into agreement to acquire Cenexi; stock slips 5%
The acquisition provides Gland Pharma access to leading know-how and development capabilities in sterile forms including for ophthalmic gel, needleless injectors and hormones, the company said
 "Gland Pharma enters into agreement to acquire Cenexi; stock slips 5%")
JK Lakshmi Cement hits record high, stock soars 28% in November
The stock was trading higher for the third straight day and has gained 6 per cent during this period.
 "JK Lakshmi Cement hits record high, stock soars 28% in November")
Uniparts India IPO: Here's why analysts recommend subscribing to the issue
Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products
 "Uniparts India IPO: Here's why analysts recommend subscribing to the issue")
353 million shares of Zomato change hands on NSE; stock trades firm
According to media reports, Alibaba Group Holding Ltd plans to sell a stake of about 3 per cent in Indian food delivery firm Zomato worth $200 million through a block deal
 "353 million shares of Zomato change hands on NSE; stock trades firm")
Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.
 "Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle")
Stocks to Watch: Zomato, SBI, Adani Group, Britannia, ONGC, Gland Pharma
Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.
 "Stocks to Watch: Zomato, SBI, Adani Group, Britannia, ONGC, Gland Pharma")
Will Indian equities be able to tide over emerging risks?
From high valuations to moderation in growth, analysts say risks are emerging for Indian equities, and investors need to be careful in their approach. But are the risks too strong for India?
 "Will Indian equities be able to tide over emerging risks?")
Valuation, capital gains tax treatment key risks for the market: Analysts
The government, reports suggest, may rationalise long-term capital gains tax (LTCG) structure by bringing parity between similar asset classes
 "Valuation, capital gains tax treatment key risks for the market: Analysts")
Crude oil prices can rise up to $110 a barrel in 2023, say analysts
Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply
 "Crude oil prices can rise up to $110 a barrel in 2023, say analysts")
NSEL scam: Sebi bans five major commodity brokers for six months
The brokers had appealed to the Securities Appellate Tribunal (SAT) against a previous order by Sebi issued in 2019
 "NSEL scam: Sebi bans five major commodity brokers for six months")
Market regulator Sebi plans simplified BRSR, ESG rating regulations
Buch calls for independence of emerging economies in ESG matters, carbon credit pricing
 "Market regulator Sebi plans simplified BRSR, ESG rating regulations")