Page 1773 - Markets News
Sensex, Nifty end on a flat note; ITC gains 2%, Tata Steel slips 3%
Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price
 "Sensex, Nifty end on a flat note; ITC gains 2%, Tata Steel slips 3%")
Bank brokerages to continue reporting strong performance: Report
The domestic capital markets continue to remain on an upward trajectory after a strong performance in FY2021
 "Bank brokerages to continue reporting strong performance: Report")
Granules India, IOL Chemicals hit 52-week lows on weak Q2 results
IOL Chemicals slipped 10% to Rs 487, while Granules was down 8% to 285.80 on the BSE in intra-day trade
 "Granules India, IOL Chemicals hit 52-week lows on weak Q2 results")
Aurum PropTech freezes at 20% upper circuit; stock up 70% thus far in Nov
Shares of Aurum PropTech, formerly known as Majesco, were locked in 20 per cent upper circuit at Rs 146.40
 "Aurum PropTech freezes at 20% upper circuit; stock up 70% thus far in Nov")
Tata Comm, Strides among 5 mid-, small-cap stocks that may fall up to 15%
Tata Communications has broken the 200-day moving average (DMA) suggesting weakness in the coming days.
 "Tata Comm, Strides among 5 mid-, small-cap stocks that may fall up to 15%")
Implementation of T+1 cycle to protect investors interest: Sebi chief
The stock exchanges announced that they will implement the T+1 settlement cycle in a phased manner starting February 25, with the bottom 100 stocks in terms of market value
 "Implementation of T+1 cycle to protect investors interest: Sebi chief")
Globus Spirits freezes at 5% lower circuit post September quarter results
The company reported lower capacity utilisation sequentially at 90% in Q2 on account of unplanned shutdown at Bihar facility
 "Globus Spirits freezes at 5% lower circuit post September quarter results")
Rupee surges 12 paise to 74.33 against US dollar in early trade
The rupee surged 12 paise to 74.33 against the US dollar in opening trade on Monday as a firm trend in domestic equities and easing crude oil prices boosted investor sentiments.
 "Rupee surges 12 paise to 74.33 against US dollar in early trade")
PB Fintech shares list with over 17% premium over issue price of Rs 980
Shares of PB Fintech Ltd, which operates online insurance platform Policybazaar and Paisabazaar, listed with a premium of over 17 per cent against its issue price of Rs 980 on Monday.
 "PB Fintech shares list with over 17% premium over issue price of Rs 980")
SJS Enterprises makes a weak debut; falls 5% below issue price post listing
The stock listed at Rs 540, a 0.37 per cent discount over its issue price of Rs 542 per share, on the BSE
 "SJS Enterprises makes a weak debut; falls 5% below issue price post listing")
Sigachi Inds makes stellar debut, lists at 253% premium to its issue price
At 10:09 am; the stock was locked at the maximum 5 per cent upper circuit at Rs 603.75, a 270 per cent jump over its issue price of Rs 163 per share
 "Sigachi Inds makes stellar debut, lists at 253% premium to its issue price")
Investors prep for biggest week in over a decade for Indian IPO debuts
A rallying stock market helped spur multiple technology unicorns to list in India this since January, with proceeds raised in new-share sales at over $12 billion, already a record for a full-year.
 "Investors prep for biggest week in over a decade for Indian IPO debuts")
Policybazaar debuts at 17% premium over issue price
The stock listed at Rs 1,150, a 17 per cent premium over to its issue price of Rs 980 per share on the BSE.
 "Policybazaar debuts at 17% premium over issue price")
Buy growth and value stocks to beat inflation woes, advises Chris Wood
Led by a sharp rise in commodity prices, especially crude oil, and supply-side issues, most economies across the globe have been battling rising inflation over the past few months
 "Buy growth and value stocks to beat inflation woes, advises Chris Wood")
Stocks to Watch: Nykaa, Naukri, ONGC, Hindalco, Nalco, SpiceJet, Coal India
The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend
 "Stocks to Watch: Nykaa, Naukri, ONGC, Hindalco, Nalco, SpiceJet, Coal India")
Bajaj Finance, TCS likely to resume upward trend, says Vaishali Parekh
Both the stocks seem to have bottomed out and select indicators on the charts have turned favourable for these stocks, says the technical analyst from Prabhudas Lilladher
 "Bajaj Finance, TCS likely to resume upward trend, says Vaishali Parekh")
China's central bank injects 1 tn yuan via medium-term loans, same rates
The People's Bank of China said it was keeping the rate on 1 trillion yuan worth of one-year medium-term lending facility loans to some financial institutions steady at 2.95% from previous operations.
 "China's central bank injects 1 tn yuan via medium-term loans, same rates")
Gold price today at Rs 48,290 per 10 grams; silver at Rs 67,200 a kg
In Delhi, the rate of 24-carat gold stands at Rs 52,420 and in Mumbai it is Rs 49,290. The price of ten gram of 22-carat gold in Delhi and Mumbai is at Rs 48,050 and Rs 48,290.
 "Gold price today at Rs 48,290 per 10 grams; silver at Rs 67,200 a kg")
Market cap of 6 of ten most valued companies up by more than Rs 1.18 tn
Last week, the 30-share BSE benchmark jumped 619.07 points or 1.03 per cent.
Price hike not enough to cushion FMCG companies' margin pain
Volume growth, amid soft rural demand, is also a key monitorable
 "Price hike not enough to cushion FMCG companies' margin pain")