Page 1730 - Markets News
Indices tumble to three-month lows, down 1.6% on Omicron fears
India was the worst-performing market globally on Monday, extending its recent run of underperformance to the world markets
 "Indices tumble to three-month lows, down 1.6% on Omicron fears")
Rupee falls to near two-month low ahead of monetary policy on Omicron fears
Indian unit could be under pressure in the coming days as trade deficit and Fed's increase of monthly taper plan could further upset the sentiment for the foreign portfolio investors
 "Rupee falls to near two-month low ahead of monetary policy on Omicron fears")
Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days
With the current rally, the market value of VIL has zoomed 235 per cent from its 52-week low of Rs 4.55 touched on August 5, 2021
 "Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days")
Paytm, Star Health IPOs show retail investors' psyche: Analysts
Paytm's IPO was subscribed 1.89 times and Star Health's offer was subscribed 79 per cent
 "Paytm, Star Health IPOs show retail investors' psyche: Analysts")
Chip major Qualcomm to book 20X returns in MapmyIndia's Rs 1,040-cr IPO
The price band for the offer has been fixed at Rs 1,000 - Rs 1,033 per equity share
 "Chip major Qualcomm to book 20X returns in MapmyIndia's Rs 1,040-cr IPO")
FMCG not safe-haven bets for investors, analysts see more underperformance
The FMCG index had outperformed the broader market in previous corrections like in 2011, 2015, and 2018
 "FMCG not safe-haven bets for investors, analysts see more underperformance")
Apollo Hospital, Info Edge in Nifty 50 race, Indian Oil might make an exit
However, if IOC shares rally 10-15% from current levels over next few weeks and Apollo or Info Edge fall or remain unchanged, there could be a status quo
 "Apollo Hospital, Info Edge in Nifty 50 race, Indian Oil might make an exit")
Any cyclical downturn impacts revenues temporarily, says Anand Rathi
'Wealth creation on the ground is clearly visible,' says chairman of company that has an Rs 660-crore IPO
 "Any cyclical downturn impacts revenues temporarily, says Anand Rathi")
FPIs dump $2.1 bn worth bank shares in Nov, pump $2.7 bn into FMCG stocks
The inflows into the realty sector too could have been subdued if not for Godrej Properties' inclusion in the MSCI index
 "FPIs dump $2.1 bn worth bank shares in Nov, pump $2.7 bn into FMCG stocks")
Market wrap: Sensex plunges nearly 950 pts, Nifty ends below 17,000
Vodafone Idea shares hit 31-month high; tech charts show 40% upside; Anand Rathi Wealth IPO subscribed over 8 times
 "Market wrap: Sensex plunges nearly 950 pts, Nifty ends below 17,000")
Investors' wealth tumble over Rs 5.80 trn in two days of market slump
Investors' wealth tumbled Rs 5,80,016.37 crore in two trading sessions to Monday as stock markets continued to face heavy sell off on concerns over the Omicron variant of COVID-19.
 "Investors' wealth tumble over Rs 5.80 trn in two days of market slump")
PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar
Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) structures are gaining massive traction and the assets base of these products is expected to cross Rs 50 lakh crore by 2031.
 "PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar")
IEX power trade volume grows nearly 54% to 9,477 MU in November
IEX commenced trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve and Trade Cycle-II on October 26, 2021
 "IEX power trade volume grows nearly 54% to 9,477 MU in November")
Sensex plunges 949pts, Nifty ends 285pts lower; Airtel, RIL, IT shares drag
The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each
 "Sensex plunges 949pts, Nifty ends 285pts lower; Airtel, RIL, IT shares drag")
Parag Milk gains on securing PLI nod for Category 1 of mozzarella cheese
Parag Milk Foods, through the PLI application on June 15, 2021, had received an approval for sales-based incentive for mozzarella cheese product for the period 2021-27
 "Parag Milk gains on securing PLI nod for Category 1 of mozzarella cheese")
Stock of this auto ancillary company has zoomed 241% in six weeks
Automotive Stampings & Assemblies said that the company has decided to establish a new plant at Survey No. 679/2/2, Alandi Road, Kuruli, Chakan, Taluka : Khed, District, Pune.
 "Stock of this auto ancillary company has zoomed 241% in six weeks")
Tarsons Products hits lowest level since debut; down 32% from all-time high
The Covid-19 pandemic, or any future pandemic or widespread public health emergency, could materially and adversely impact the business results of operations, cash flows and financial condition
 "Tarsons Products hits lowest level since debut; down 32% from all-time high")
After 11 years of struggle, MTNL headed higher; Vodafone may see 40% jump
The slew of developments in the telecom space over the past few weeks have brought back investors' interest in this sector. Most stocks should do well over the next few sessions, tech charts show
 "After 11 years of struggle, MTNL headed higher; Vodafone may see 40% jump")
Zee Entertainment hits 52-week high; surges 22% in two weeks
In the past three months, the market price of ZEE more-than-doubled or up 102 per cent, against 1.4 per cent decline in the S&P BSE Sensex.
 "Zee Entertainment hits 52-week high; surges 22% in two weeks")
JBM Auto at new high ahead of board meet for stock split, up 87% in 1 month
The board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each