Page 1825 - Markets News
SBI Life, HDFC Life: Insurance stocks can rally up to 20%. Stay put for now
HDFC Life's acquisition of Exide Life Insurance last week has brought back the focus on insurance sector plays. Are they a good bet at the current levels? Here's what charts say
 "SBI Life, HDFC Life: Insurance stocks can rally up to 20%. Stay put for now")
Gokaldas Exports extends gains on commencement of operation at new unit
The company said it has a strong order book and is in the process of augmenting its capacity over the near term, to meet demand and clear Q1FY22 production backlog
 "Gokaldas Exports extends gains on commencement of operation at new unit")
Indian shares near record highs on Reliance gains, firm Asian markets
The blue-chip NSE Nifty 50 index was up 0.30% at 17,375.50 by 0509 GMT and the benchmark S&P BSE Sensex climbed 0.32% to 58,318.56
 "Indian shares near record highs on Reliance gains, firm Asian markets")
Reliance Industries shares continue to rally; jump nearly 4% on Monday
Shares of Reliance Industries Ltd continued to move higher on Monday and gained nearly 4 after the company said its subsidiary has acquired majority stake in genomic testing firm Strand Life Sciences
 "Reliance Industries shares continue to rally; jump nearly 4% on Monday")
IRCTC now among 100 most valuable firms on BSE; zooms 97% from April low
With Rs 48,213 crore market capitalisation (market cap), IRCTC stood at 95th position in the overall market cap ranking on the BSE, the exchange data shows
 "IRCTC now among 100 most valuable firms on BSE; zooms 97% from April low")
Nuvoco Vistas hits new high, trades above issue price for first time
The stock was trading above its issue price of Rs 570 for the first time since listing
 "Nuvoco Vistas hits new high, trades above issue price for first time")
IndiaMART InterMESH rallies 22% in 7 days on F&O inclusion
Despite the current 7-day rally, the stock has underperformed the markets by gaining just 6 per cent in the past 6 months, compared to a 16 per cent surge by the S&P BSE Sensex
 "IndiaMART InterMESH rallies 22% in 7 days on F&O inclusion")
RIL stock can hit Rs 5,000 levels in the next one year, tech charts suggest
If the "stock price structure" and market participants continue to dominate like the ways it is currently indicating, the shares of Reliance Industries may double in the next one year easily
 "RIL stock can hit Rs 5,000 levels in the next one year, tech charts suggest")
RIL up 4%, hits new life-time high on stake buy in Strand Life Sciences
The company is likely to launch JioPhone Next smartphone this week, and has also acquired majority stake in Strand Life Sciences.
 "RIL up 4%, hits new life-time high on stake buy in Strand Life Sciences")
A surprise bond rally sweeps over India as global funds pile in
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by a Reserve Bank of India policy review held on August 6
 "A surprise bond rally sweeps over India as global funds pile in")
Stocks to watch: RIL, ICICI Lombard, PNB, DRL, Barbeque Nation, NTPC, HFCL
JSPL expects to conclude the deal to sell its 96.42 per cent stake in its arm Jindal Power for Rs 7,401 crore to a promoters-owned firm Worldone by this year end
 "Stocks to watch: RIL, ICICI Lombard, PNB, DRL, Barbeque Nation, NTPC, HFCL")
Oil market anchors around $70/b, but volatility to return
Even with Covid concerns creating recent jitters in big consumers like China and US, the impact appears to be diminishing as the global economy recovers
 "Oil market anchors around $70/b, but volatility to return")
The best of liquidity is behind us, says Nomura's Saion Mukherjee
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter
 "The best of liquidity is behind us, says Nomura's Saion Mukherjee")
Investors shift focus to large-cap category in August, shows data
The data from the Association of Mutual Funds in India shows that daily AUM of the large-cap category stood at Rs 2.10 trillion in August against Rs 1.97 trillion in July
 "Investors shift focus to large-cap category in August, shows data")
Top five digital brokers corner over half of industry's active client base
Despite breakneck growth, not all brokers are consistently churning out a profit
India only overweight among the top four global emerging markets
China (including Hong Kong), Taiwan, South Korea, and India have the highest average weightage in the EM space, accounting for two-third allocations
 "India only overweight among the top four global emerging markets")
After nearly a year, RIL again becomes a rally champion on Dalal Street
Its stock price up 17.3%, outperforming the index that is up 10.5%
 "After nearly a year, RIL again becomes a rally champion on Dalal Street")
Street signs: Arbitrage opportunity in Just Dial, TJL stock gains & more
Broking firms are advising their retail clients to buy shares of Just Dial to gain from the arbitrage opportunity created by the open offer launched by the arm of Reliance Industries
 "Street signs: Arbitrage opportunity in Just Dial, TJL stock gains & more")
Market Ahead Podcast, Sep 6: Factors that could guide markets this week
RIL will continue to remain in focus this week as the company is set to launch its JioPhone Next smartphone on Friday. As per a Bloomberg report, the phone could be the world's cheapest phone so far
 "Market Ahead Podcast, Sep 6: Factors that could guide markets this week")
Amid rising spread in bond yields, FPIs net buyers in Aug, invest Rs 16k cr
In equities, they invested just Rs 2,082.94 crore while debt segment saw inflow of Rs 14,376.2 crore between August 2-31, depositories data showed.
 "Amid rising spread in bond yields, FPIs net buyers in Aug, invest Rs 16k cr")