Page 1833 - Markets News
Sebi disposes of proceedings against Fortis Healthcare's statutory auditor
Markets regulator Sebi has disposed of proceedings against statutory auditor of Fortis Healthcare in a matter pertaining to its alleged role in diversion of funds.
 "Sebi disposes of proceedings against Fortis Healthcare's statutory auditor")
Sensex rises 176 pts to end above 56K for first time; BSE Midcap jumps 1%
The broader markets, meanwhile, outperformed, rising for the fourth straight session
 "Sensex rises 176 pts to end above 56K for first time; BSE Midcap jumps 1%")
Select stocks gain on inclusion in F&O; Hindustan Aeronautics surges 9%
Can Fin Homes, Polycab India, IndiaMART InterMESH, Oracle Financial Services, Syngene International, Dixon Technologies, MCX and Ipca Labs were up between 2 per cent and 3 per cent in intra-day trade.
 "Select stocks gain on inclusion in F&O; Hindustan Aeronautics surges 9%")
Sudarshan Chemical soars 23% in 3 days after Axis MF buys stake in company
On August 24, 2021, Axis Mutual Fund A/c Axis Smallcap Fund purchased 589,498 equity shares, representing a 0.85 per cent stake of Sudarshan Chemical at a price of Rs 565 per share on the BSE
 "Sudarshan Chemical soars 23% in 3 days after Axis MF buys stake in company")
Carborundum Universal up 5% on pact to acquire controlling stake in PLUSS
The company has entered into a definitive agreement for acquiring a controlling stake in PLUSS Advanced Technologies Private Limited (PLUSS), at an initial investment of Rs 115 crore
 "Carborundum Universal up 5% on pact to acquire controlling stake in PLUSS")
L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950
L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said
 "L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950")
Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show
The stock has 219 per cent against its issue price of Rs 130 per share
 "Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show")
Sensex can rally 2,000 pts. How to trade markets in September F&O series?
The optimism is expected to continue in September. The Sensex can move up by around 2,000 points in the coming month, charts suggest
 "Sensex can rally 2,000 pts. How to trade markets in September F&O series?")
Zen Technologies hits 52-week high, zooms 30% in three days
Defence exports in the country witnessed strong growth in the last two years and India targets to export military equipment worth US $5 billion (Rs 35,000 crore) in the next five years
 "Zen Technologies hits 52-week high, zooms 30% in three days")
Stocks to watch: IDFC First Bank, Wipro, Infosys, Adani Green, BHEL
Adani Green has approved raising up to $750 million via bond sales overseas
 "Stocks to watch: IDFC First Bank, Wipro, Infosys, Adani Green, BHEL")
Two stock recommendations from Osho Krishan of Anand Rathi
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
 "Two stock recommendations from Osho Krishan of Anand Rathi")
Bharti Airtel stock declines over 4% on fundraising plans
The stock has corrected about 9 per cent from its record level of Rs 644 touched on August 16
 "Bharti Airtel stock declines over 4% on fundraising plans")
After underperforming broader mkt, Escorts zooms back onto investors' radar
Its stock price has risen 13.4% this month, against 2.1% fall in BSE Auto index
 "After underperforming broader mkt, Escorts zooms back onto investors' radar")
Changes in interest rates, liquidity to drive mkt: Nippon India MF's Bhan
Sailesh Raj Bhan says earnings in Q1 have been better than market expectations in sectors that have been supported by the recovery of global growth like IT services and metals
 "Changes in interest rates, liquidity to drive mkt: Nippon India MF's Bhan")
Better returns generated by staying invested than timing the market: Study
Amongst all our equity indices, the smallcap index has given the highest two-year SIP returns rising above 75 per cent
 "Better returns generated by staying invested than timing the market: Study")
Indian investment bankers tighten grip over the league table
ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
 "Indian investment bankers tighten grip over the league table")
Bharti Airtel declines 2% as board to consider fund raising
The board will meet on August 29 to consider and approve raising funds via equity, equity-linked or debt instruments or a combination
 "Bharti Airtel declines 2% as board to consider fund raising")
Market Ahead Podcast, Aug 27: Top factors that could guide markets today
Market participants wait with bated breath as US Federal Reserve chairman Jerome Powell is set to address the Jackson Hole Symposium later today
 "Market Ahead Podcast, Aug 27: Top factors that could guide markets today")
ESG bonds likely to top $10 billion by December, says JP Morgan
The ESG-focused fund-raising (green bonds) market, which has already scaled an all-time high so far this year, is set to cross the USD 10-billion-mark by December, according to JP Morgan
 "ESG bonds likely to top $10 billion by December, says JP Morgan")
Market Wrap Podcast, Aug 26: Here's all that happened in the markets today
Britannia, Tata Consumer, BPCL and HDFC Life were the top gainers in the 50-pack index while Bharti Airtel, JSW Steel, Maruti and SBI were the worst laggards
 "Market Wrap Podcast, Aug 26: Here's all that happened in the markets today")