Page 1466 - Markets News
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
 "This non banking finance company's stock has zoomed over 100% in 5 months")
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")
Firms pre-filing for IPOs may get to market to institutional investors
New clause to help issuers gauge institutional investor demand
ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend
Current trend in global oil & gas prices augurs well for ONGC, according to analysts.
 "ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend")
Is investors' love for digital India over?
Shares of companies within the ambit of digital theme have succumbed to the turmoil in the global tech industry as recession fears continue to rise. What do experts recommend against this backdrop?
 "Is investors' love for digital India over?")
Mehul Kothari expects Ashok Leyland to break its all-time high; Check why
According to the technical analyst from Anand Rathi, Ashok Leyland can potentially break its all-time high at Rs 169.45, while he is also bullish on Lupin.
 "Mehul Kothari expects Ashok Leyland to break its all-time high; Check why")
Stocks to Watch: Fusion MicroFinance, Srei, IRCTC, Apollo Tyres, LTI, Paytm
Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.
 "Stocks to Watch: Fusion MicroFinance, Srei, IRCTC, Apollo Tyres, LTI, Paytm")
LIC has edge over private insurers: Gains market share in FY23
Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz
 "LIC has edge over private insurers: Gains market share in FY23")
Kaynes Tech IPO subscribed 34x, Keystone receives 8% bid on Day 1 & more
Kaynes Tech reported a net profit of Rs 10.05 crore and net sales of Rs 199.27 crore in the three months ended on June 2022
 "Kaynes Tech IPO subscribed 34x, Keystone receives 8% bid on Day 1 & more")
Markets follow Asian peers to end in red; Sensex ends 170 points lower
The 30-share BSE Sensex declined 170.89 points or 0.28 per cent to settle at 61,624.15. During the day, the index touched its 52-week high of 61,916.24 and fell to 61,572.03
 "Markets follow Asian peers to end in red; Sensex ends 170 points lower")
IRCTC, Zomato, Infosys: Is investors' love for digital India over?
Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit
 "IRCTC, Zomato, Infosys: Is investors' love for digital India over?")