Page 1847 - Markets News

Market Wrap Podcast, Aug 24: Here's all that happened in the markets today

Bajaj Finserv was the best performing stock in the 30-pack Sensex. The stock rallied 8.65% to hit a new high of Rs 16,590.15

Banks, RIL help lift Sensex 403 pts; Bajaj duo gain up to 8%, Tata Steel 4%

The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively

Bandhan Bank trading at 11-month low, down 10% in a week

The stock was quoting lower for the fifth straight day, down 1.6 per cent at Rs 262.60 on the BSE in intra-day trade on Tuesday

Bajaj Finserv can hit Rs 20,000; Bajaj Finance heading towards Rs 8,000

Here is how Bajaj Finserv and Bajaj Finance look on the technical charts

L&T, IRB Infra: Can National Monetisation Pipeline boost infra stocks?

Shares of IRB Infrastructure Developers jumped over 5 per cent, GMR Infrastructure added 2 per cent and Larsen & Toubro Ltd (LT) recovered following five days of bear hammering

Adani Transmission, Adani Total Gas up 5% for fourth straight trading day

Thus far in the month of August, Adani Transmission has rallied 37 per cent, while Adani Total Gas has surged 32 per cent on the BSE, against 6 per cent rise in the S&P BSE Sensex

Chemplast Sanmar sees tepid debut, lists at 3% discount against issue price

The stock listed at Rs 525, a 3 per cent discount against its issue price of Rs 541 on the BSE

Kabra Extrusiontechnik rallies 16% as Battrixx gets single largest order

Battrixx said it has received its single largest order to supply 8000 battery packs for Joy E-Bike (electric two-wheelers) produced by WardWizard

Bajaj Finserv gets Sebi nod to set up mutual fund; stock hits new high

The company would be setting up an Asset Management Company and the Trustee Company to sponsor the MF

Aptus Value Housing Finance makes weak debut, lists 7% below issue price

The stock got listed at Rs 329.95, a 7 per cent discount to the issue price of Rs 353 on the BSE

Affle India surges 4% as Board to consider stock split plan

The company will hold a board meeting on August 26, 2021, to consider and approve split of equity shares of the company, subject to approval of the shareholders

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package

Osho Krishan of Anand Rathi is bullish on these two insurance players

SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally

Cement maker Nuvoco Vistas lists at a steep discount to issue price

Post listing, the company commands a market capitalisation of Rs 18,975 crore

Zomato share price falls 8% as lock-in period for anchor investors end

The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher

Correction in metals may provide buying opportunity for investors

If demand remains good, investors can purchase at moderate valuations

Exchanges warn investors against unregulated derivatives products

The NSE and BSE said they had noticed some unregulated platforms and websites offering trading in unregulated derivative products called CFD/Binary Options

New margin rules result in unwarranted penalties on trading members: Anmi

Anmi favours a model that may predict peak margins to be complied with by trading member so that on any given day upfront compliance may be considered based on margins for T-1 day

16 merchant banks in fray for lead managers to LIC IPO, govt may choose 10

The entities will have to make a presentation to DIPAM on August 24-25

Returns of most debt fund categories plummet below 5%, shows data

'Extraordinary scenario' say experts as both, short and long-duration funds give low returns