Page 1739 - Markets News
Latent View sees bumper debut, lists at 169% premium against issue price
The shares of Latent View Analytics listed at Rs 530 per share on the BSE, a 169 per cent premium against the issue price of Rs 197 per share.
 "Latent View sees bumper debut, lists at 169% premium against issue price")
NRB Bearings hits over 2-year high; surges 25% in 4 days on strong outlook
NRB Bearing is in hybrid vehicles across segments for Marquee customers in Europe and USA and in applications for E-Mobility vehicles across segments, which is the growth driver for exports
 "NRB Bearings hits over 2-year high; surges 25% in 4 days on strong outlook")
Lyka Labs hits 5% upper circuit after Ipca buys 1 mn shares via bulk deals
On Monday, Ipca Laboratories purchased 1.05 million equity shares representing 3.65 per cent stake in Lyka Labs at price of Rs 123 per share on the BSE via bulk deals
 "Lyka Labs hits 5% upper circuit after Ipca buys 1 mn shares via bulk deals")
Set to zoom: Maruti, Tech M among 5 Nifty stocks that can gain up to 14%
The sharp fall in the market has seen these stocks slip into oversold zone. Charts hint at a sharp rally in all these from the current levels, provided the overall market sentiment stays positive
 "Set to zoom: Maruti, Tech M among 5 Nifty stocks that can gain up to 14%")
Dolly Khanna buys nearly 1% stake in Ajanta Soya; stock zooms 32% in 2 days
On Monday, November 22, 2021, Dolly Khanna purchased 140,000 equity shares, representing 0.87 per cent of total equity of Ajanta Soya, at price of Rs 147.72 per share on the BSE
 "Dolly Khanna buys nearly 1% stake in Ajanta Soya; stock zooms 32% in 2 days")
Paytm bounces back, gains 7% after a 37% fall in two trading sessions
The board of Paytm is scheduled to meet on Saturday, November 27, 2021 to consider financial results of the company for the quarter and half year ended on September 30, 2021.
 "Paytm bounces back, gains 7% after a 37% fall in two trading sessions")
Vedanta up 8% as Moody's sees no impact on credit quality post biz spin-off
Vedanta had recently announced that its board of directors have formed a subcommittee to evaluate a potential spinoff of its aluminum, iron and steel, and oil and gas businesses into separate listed c
 "Vedanta up 8% as Moody's sees no impact on credit quality post biz spin-off")
Stocks to Watch: DLF, Airtel, Vedanta, Cadila, Escorts, Voda Idea, Zen Tech
The SGX Nifty indicates a quiet start for our markets this morning
 "Stocks to Watch: DLF, Airtel, Vedanta, Cadila, Escorts, Voda Idea, Zen Tech")
Nasdaq, S&P 500 end down after hitting record highs; Microsoft falls 1%
The Dow Jones Industrial Average ended slightly higher
 "Nasdaq, S&P 500 end down after hitting record highs; Microsoft falls 1%")
Foreign investors in retreat mode across most emerging markets
Analysts at Morgan Stanley see EM equities 'struggling' in 2022 as they battle gradual tightening of global and local monetary conditions and several other idiosyncratic headwinds
 "Foreign investors in retreat mode across most emerging markets")
Jesons Industries files draft IPO papers; aims to raise to raise Rs 900 cr
Jesons Industries, a manufacturer of speciality coating emulsions, has filed preliminary papers with capital markets regulator Sebi to raise an estimated Rs 800-900 crore through an initial share sale
Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco
Offers consists of fresh equity issue of aggregating up to Rs 125 crore and OFS of Rs 890 crore
 "Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco")
Global bull-run in fossil fuels may be peaking out for now, glut seen ahead
Prospects of lower global economic growth amid fresh Covid wave and reduction in bond buying by US Fed weighing on sentiment
 "Global bull-run in fossil fuels may be peaking out for now, glut seen ahead")
Bears can drag Sensex towards 57,000
The long-due correction seems to be playing out on Dalal Street as key indices have fallen over six per cent from record-high levels. Where are the markets headed as per tech charts? Let's find out
 "Bears can drag Sensex towards 57,000")
Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 cr
Analysts said market was factoring in a full $75 bn valuation for O2C segment. Irrespective of the refining and petrochem cycle, the key catalyst for the market was Aramco deal closure
 "Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 cr")
Paytm's listing flop likely to hit other IPOs: BharatPe's Ashneer Grover
He said the debacle was a collective failure of the management and investment bankers
 "Paytm's listing flop likely to hit other IPOs: BharatPe's Ashneer Grover")
Paytm shares tank another 13%, market cap drops below $12 billion
The company's gross merchandise value (GMV) rose 2.31 times to Rs 83,200 crore ($11.2 billion) in the month
 "Paytm shares tank another 13%, market cap drops below $12 billion")
Bears on prowl: Indices retreat most in 7 months, RIL falls over 4%
Reliance's decline, rollback of farm laws weigh on investor sentiment
 "Bears on prowl: Indices retreat most in 7 months, RIL falls over 4%")
Airtel's earnings likely to increase 12% after tariff hike
Vi is expected to raise prices, but Jio's reaction to the hike will be critical: Experts
 "Airtel's earnings likely to increase 12% after tariff hike")
Investors poorer by over Rs 8.21 trillion as markets go into tailspin
Investors' wealth eroded by a massive Rs 8,21,666.77 crore on Monday as the market saw a massive sell-off not seen in many months
 "Investors poorer by over Rs 8.21 trillion as markets go into tailspin")