Page 1464 - Markets News
Bikaji Foods makes steady debut; stock lists 8% higher to issue price
Bikaji Foods International listed at Rs 322.80, a 8 per cent premium when compared with its issue price of Rs 300 per share on the NSE.
 "Bikaji Foods makes steady debut; stock lists 8% higher to issue price")
Medanta-owner Global Health trades firm after debuting at 19% premium
Global Health, which operates hospitals under Medanta brand, witnessed heavy volume of around 26 million shares combined on the NSE and BSE in early deals.
 "Medanta-owner Global Health trades firm after debuting at 19% premium")
Sugar stocks in focus; Balrampur Chini gains 3% as share buyback commences
The board of directors of Balrampur Chini on November 9 had approved Rs 145.44 crore share buyback at Rs 360 per share through the open market route.
 "Sugar stocks in focus; Balrampur Chini gains 3% as share buyback commences")
Strong support for MCX Crude Oil seen at Rs 6,850, Natural Gas at Rs 475
On the upside, MCX Crude Oil November futures can jump to Rs 7,250-level, whereas Natural Gas futures can gain momentum above Rs 510-level.
 "Strong support for MCX Crude Oil seen at Rs 6,850, Natural Gas at Rs 475")
Nykaa extends fall on listing of bonus shares; stock slips 17% in two days
At 09:15 am, around 30.62 million shares changed hands on the BSE, the exchange data showed
 "Nykaa extends fall on listing of bonus shares; stock slips 17% in two days")
F&O Strategy: Nandish Shah recommends Bull Call Spread on Glenmark Pharma
The derivative analyst from HDFC Securities also recommends buying United Spirits November futures for a price target of Rs 940.
 "F&O Strategy: Nandish Shah recommends Bull Call Spread on Glenmark Pharma")
Vinay Rajani expects Nifty to test all-time high; recommends these 2 stocks
The technical analyst from HDFC Securities from HDFC Securities recommends buying JK Paper and Happiest Minds for targets of up to Rs 486 and Rs 1,150, respectively.
 "Vinay Rajani expects Nifty to test all-time high; recommends these 2 stocks")
Stocks to Watch: Bikaji Foods, Medanta, Paytm, NDTV, HDFC, SBI, Tata Motors
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
 "Stocks to Watch: Bikaji Foods, Medanta, Paytm, NDTV, HDFC, SBI, Tata Motors")
Fusion Micro Fin makes dull debut, Inox Green IPO subscribed 1.55x & more
Fusion Micro Finance made a dull debut on November 15, despite a confident market sentiment
 "Fusion Micro Fin makes dull debut, Inox Green IPO subscribed 1.55x & more")
Sensex rises 248 points to close at lifetime high; Nifty nears its peak
A strengthening rupee, encouraging domestic inflation data and unabated foreign capital inflows further bolstered sentiment, traders said
 "Sensex rises 248 points to close at lifetime high; Nifty nears its peak")
Sebi's tougher disclosure regime may be a challenge for India Inc
Compliance burden could go up manifold if new proposals get implemented, say legal experts
 "Sebi's tougher disclosure regime may be a challenge for India Inc")
This non banking finance company's stock has zoomed over 100% in 5 months
Shares of Ujjivan Financial Services (UFSL) hit a fresh 52-week high of Rs 295.35 as they surged 6 per cent on the BSE in Tuesday's intra-day trade
IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too
The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products
 "IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too")
India considers plan to reduce short-term borrowing as yields surge
The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter
 "India considers plan to reduce short-term borrowing as yields surge")
Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead
CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.
 "Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead")
Globus Spirits slumps 13% on weak Q2 results; stock tanks 59% in 10 months
Its Q2 earnings before interest, taxes, depreciation, and amortization (ebitda) was down 47.4 per cent YoY and 33.2 percent QoQ at Rs 47 crore
 "Globus Spirits slumps 13% on weak Q2 results; stock tanks 59% in 10 months")
Apollo Tyres surges 6% post Sept quarter result; stock nears record high
The company reported a double digit growth in revenue, and ebitda in the September quarter despite challenging environment
 "Apollo Tyres surges 6% post Sept quarter result; stock nears record high")
NDTV can hit Rs 450-level; Sun TV, DB Corp on slippery ground, charts show
NDTV hits 5 per cent upper circuit as Adani Group gets SEBI nod to buy additional 26 per cent stake; the media stock can rally to Rs 450, chart suggests.
 "NDTV can hit Rs 450-level; Sun TV, DB Corp on slippery ground, charts show")
Fusion MicroFinance debuts on a weak note; sheds 9% against issue price
The stock tumbled over 9 per cent to Rs 334.40 as against the issue price of Rs 368 per share on the BSE and the NSE in morning trade on Tuesday.
 "Fusion MicroFinance debuts on a weak note; sheds 9% against issue price")
Rail Vikas Nigam zooms 62% in 16 trading sessions on strong order inflows
In the past three months, the stock price of RVNL has zoomed 90 per cent, as compared to a 3 per cent gain on the Sensex.
 "Rail Vikas Nigam zooms 62% in 16 trading sessions on strong order inflows")