Page 1460 - Markets News
Heavyweights do all the lifting in Nifty's record run, shows data
Since September 29, the index has added 1,666 points, of which 1,320 points - nearly 80 per cent - have been contributed by 10 stocks
 "Heavyweights do all the lifting in Nifty's record run, shows data")
Nifty, Sensex close at fresh lifetime highs after sharp late surge
US Fed minutes indicate slower pace of rate hikes, investors cheer
 "Nifty, Sensex close at fresh lifetime highs after sharp late surge")
Near-term headwinds likely to keep staffing solution companies muted
But valuations have turned attractive after sharp corrections since January
 "Near-term headwinds likely to keep staffing solution companies muted")
Sensex hits record high, Nifty at new 1-year high: Factors behind the rally
Global stock markets jumped on Thursday after minutes of the US Federal Reserve's November policy meeting hinted at a possible moderation in the pace of interest rate hikes
 "Sensex hits record high, Nifty at new 1-year high: Factors behind the rally")
F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500
CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls
 "F&O expiry: Sensex ends at record closing peak, up 762pts; Nifty near 18500")
Indoco Remedies hits 8-month high on hopes of margin boost; stock surges 7%
In the past one week, it rallied 17 per cent, as against 0.35 per cent rise in the S&P BSE Sensex
 "Indoco Remedies hits 8-month high on hopes of margin boost; stock surges 7%")
Stock of this aerospace & defence company has zoomed 210% in 9 months
Shares of Rossell India rallied 16 per cent to hit an all-time high of Rs 371.80 on the BSE amid heavy volumes
 "Stock of this aerospace & defence company has zoomed 210% in 9 months")
Will renewable energy stocks keep your portfolio green?
India released its low-carbon emission development strategy at the UN Climate Conference. As the focus on green energy takes centre stage, is it time to add stocks from this space to your portfolio?
 "Will renewable energy stocks keep your portfolio green?")
After up to 44% rally, charts hint more upside in these mid, smallcap stks
Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.
 "After up to 44% rally, charts hint more upside in these mid, smallcap stks")
Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks
Rating agency Acuite Ratings & Research reaffirmed its rating of AA, revising the outlook to positive from stable for the bank's additional tier-1 bonds
 "Bank of India hits 17-month high on positive outlook; zooms 80% in 6 weeks")
Bikaji Foods hits new high, surges 10% for the second straight day
On November 16, Goldman Sachs India Equity Portfolio purchased 1.74 million equity shares of Bikaji Foods at Rs 324.50 per share via open market deals.
 "Bikaji Foods hits new high, surges 10% for the second straight day")
Fino Payments zooms 36% in 2 days as Capri Global buys 1.3 mn shares
On Wednesday November 23, Capri Global Holdings Private Limited bought 1.32 million shares representing 1.59 per cent of total equity of Fino Payments Bank via open market deals.
 "Fino Payments zooms 36% in 2 days as Capri Global buys 1.3 mn shares")
Keystone Realtors makes quiet debut, but analysts see long-term value
The stock listed at Rs 555, a 3 per cent premium to its issue price of Rs 541 per share on the NSE and BSE.
 "Keystone Realtors makes quiet debut, but analysts see long-term value")
Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani
Stocks to Watch: Keystone Realtors will debut on the BSE and NSE today. The issue price has been fixed at Rs 541 per share
 "Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani")
Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs
Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
 "Nifty to reach 20,500 by end-2023, implying 12% price return: Goldman Sachs")
Technical glitch on NDS-OM holds up trade in govt bonds for over one hour
According to bond traders, the RBI's NDS-OM platform suffered technical issues between 9:05 am and 10:08 am IST, which led to trade almost coming to a halt during that period
 "Technical glitch on NDS-OM holds up trade in govt bonds for over one hour")
Order rebound could lead to uptick for road infrastructure players
NHAI has front loaded awards because there was a large number of awards in April 2022
 "Order rebound could lead to uptick for road infrastructure players")
Inox Green Energy makes dismal debut; lists at 8% discount over issue price
Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price
 "Inox Green Energy makes dismal debut; lists at 8% discount over issue price")
T+1 settlement of all F&O stocks pushed to Jan 2023, transition at one go
However, the timeline issue for many FPIs remains, as the relaxation still compels them to book forex during non-market hours
 "T+1 settlement of all F&O stocks pushed to Jan 2023, transition at one go")
NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul
Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources
 "NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul")