Page 1830 - Markets News
Market Wrap Podcast, August 31: All that happened in the markets today
Only three stocks, namely Nestle India, IndusInd Bank and RIL ended in the red in the 30-pack Sensex
 "Market Wrap Podcast, August 31: All that happened in the markets today")
Rupee rises 29 paise to close at 73.00 against US dollar
The rupee strengthened further by 29 paise to close at 73.00 against US dollar on Tuesday, marking fourth straight session of gain following a firm trend in domestic equities and foreign fund inflows.
 "Rupee rises 29 paise to close at 73.00 against US dollar")
Airtel's Rs 21k-cr rights issue may open exit door for Voda Idea: Analysts
Bharti Airtel's staggered equity capital raise may also create adequate headroom to prepare for a scenario of plausible exit of Vodafone Idea in the medium term, fear analysts
 "Airtel's Rs 21k-cr rights issue may open exit door for Voda Idea: Analysts")
BSE m-cap hits Rs 250 trn as Sensex zooms 663 pts, Nifty climbs 17,100
Bharti Airtel (up 6.7 per cent) was the biggest gainer on the Sensex today, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, TCS, Titan, and Tech Mahindra
 "BSE m-cap hits Rs 250 trn as Sensex zooms 663 pts, Nifty climbs 17,100")
Oil heads for its biggest monthly loss this year ahead of OPEC+ meet
The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.
 "Oil heads for its biggest monthly loss this year ahead of OPEC+ meet")
Bharti Airtel clarifies on Google investment buzz; stock hits new high
Bharti Airtel said the company evaluates various opportunities of potential investor engagement and takes decisions in a judicious manner
 "Bharti Airtel clarifies on Google investment buzz; stock hits new high")
Adani Grp stocks soar; Adani Transmission, Total Gas add up to 75% in 1 mth
Adani Enterprises is 7.5 per cent away from its all-time high level of Rs 1,718.45 touched on June 7, 2021
 "Adani Grp stocks soar; Adani Transmission, Total Gas add up to 75% in 1 mth")
Nifty Bank at 5-month high; may lead next leg of the mkt rally, charts show
A breakout in Nifty Bank index may trigger an upside of up to 15% in bank stocks. Here are the key levels one needs to keep a tab on for frontline bank stocks
 "Nifty Bank at 5-month high; may lead next leg of the mkt rally, charts show")
Globus Spirits zooms 208% in 3 months on healthy outlook; hits new high
The company said the new capacity additions and strong balance sheet is likely to take the company to new heights going forward.
 "Globus Spirits zooms 208% in 3 months on healthy outlook; hits new high")
Airtel jumps 8% in 2 days on Rs 21,000 cr fundraise, Google investment talk
According to media report, Google is now in talks to make large investments in Airtel
 "Airtel jumps 8% in 2 days on Rs 21,000 cr fundraise, Google investment talk")
Aptech hits over 3-year high ahead of board meet to launch new online biz
In the past six trading days, the stock of Aptech has rallied 23 per cent
 "Aptech hits over 3-year high ahead of board meet to launch new online biz")
Indian shares hit all-time highs on technology boost; GDP data awaited
Indian shares hit record highs for a second straight session, boosted by technology stocks and telecom firm Bharti Airtel, with investors focusing on economic growth data due later in the day
 "Indian shares hit all-time highs on technology boost; GDP data awaited")
HCL Technologies hits new high; stock surges 16% in one month
HCL Tech's exposure to deeply troubled verticals - Energy, Transportation, Travel, Hospitality, and Retail - remains lower relative to its peers, which bodes well for the company's growth outlook
 "HCL Technologies hits new high; stock surges 16% in one month")
Stocks to watch: Axis Bank, L&T, NHPC, Jindal Steel, Bank of Baroda
BSE has announced price band revision for seven companies including Exxaro Tiles and Kemistar Corporation effective today
Two stocks that are flashing bullish signals on tech charts
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
 "Two stocks that are flashing bullish signals on tech charts")
This chemical stock has crashed 15% in one month; is reversal on cards?
Clean Science and Technology had made a solid debut on Dalal Street on July 19 as the stock had listed at Rs 1,784.40 on BSE, a 98.26 per cent premium to its issue price of Rs 900
 "This chemical stock has crashed 15% in one month; is reversal on cards?")
Sensex, Nifty post record highs after Federal Reserve's dovish stance
Sensex up 8% in August, making India the best-performing major market globally
 "Sensex, Nifty post record highs after Federal Reserve's dovish stance")
India will continue to be a favoured investment destination: Mihir Vora
Keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, he said.
 "India will continue to be a favoured investment destination: Mihir Vora")
Why investors should be wary of the 'Unlock' trade: Let's look at the logic
Consumption growth could be disappointing and stock prices have run up fast
 "Why investors should be wary of the 'Unlock' trade: Let's look at the logic")
Airtel rights entitlement price could be Rs 60-70 per share: Analysts
Airtel on Sunday announced a fund raise of Rs 21,000 crore by way of rights issue