Page 1976 - Markets News

Tech view: Near-term outlook on chemical stocks remains highly bullish

Since the negative divergence of the Relative Strength Index (RSI) has not been able to dampen the upside bias, the inherit strength is growing stronger in Tata Chemicals, charts show

Ashok Leyland to set up green arms; stock rallies 7%, nears 52-week high

The first unit -- Switch Mobility Automotive Ltd -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity

Prakash Industries hits 52-week high on clocking highest-ever sales volume

The stock jumped over 9 per cent in intra-day deals to Rs 88.80 on the BSE

Fertiliser shares in focus; Deepak Fertilisers, RCF rally over 10%

With the forecast of normal monsoons and the rollout of Covid vaccination programme in the coming months, CARE Ratings expects economic activities to normalize during FY22

Barbeque Nation shares extend rally, zoom 47% from Wednesday's low

Currently, the stock was up 42 per cent against its issue price of Rs 500 per share

Stocks to watch: Muthoot Finance, RIL, UCO Bank, Prakash Industries, Airtel

Anil Agarwal-led Vedanta Resources Ltd's sweetened offer to buy back 17.5 per cent share in its Indian flagship firm was subscribed 57.5 per cent, helping it raise its stake to about 65 per cent

Market Ahead, April 8: Top factors that could guide market today

Shares of Reliance Industries will be in focus today after Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance

Growth triggers, valuations drive Britannia stock; Covid impact subdued

Market share improvement, uptick in margins to sustain gains over the medium term

Steady rise in metal prices is a big risk for the automotive industry

Analysts expect more pain for automakers since prices of steel and non-ferrous metals, such as copper, aluminium, and zinc, have increased further in three months

Barbeque Nation shares soar 18% on debut, get locked in 20% upper circuit

Rally surprised Street as most were expecting subdued listing due to the fresh turbulence in restaurant sector caused by the lockdown imposed in Maharashtra to contain Covid-19 spread

Benchmark indices continue winning streak on RBI's accommodative stance

The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819

Debt MF returns may remain subdued on RBI's accommodative stance

Money managers say investors to look at medium-duration bonds

Lodha Group's Rs 2,500-crore IPO subscribed 26% on Day 1

A day earlier, the company allotted shares worth Rs 740 crore to anchor investors

Sebi imposes penalty of Rs 25 cr on Mukesh Ambani, Anil Ambani, others

The charge: Promoter stake in RIL raised by 6.83% in Jan 2000, on conversion of warrants issued in 1994, without making open offer as per SAST rules of 1997

Realty, insurance corner bulk of FPI flows at $500 mn each in March

Banks, IT see outflows amid valuation concerns

Vedanta open offer subscribed just 58% after failed delisting bid

Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%

Analysts turn cautious; prefer defensives amid sporadic lockdowns

Activity levels, analysts at Jefferies believe, will take a significant hit across sectors such as infrastructure, real estate, discretionary, and durables as more local lockdowns are announced

IIFL Securities begins activation of 1.1 million frozen Karvy accounts

IIFL Securities said it has begun activation of 1.1 million frozen Karvy Stock Broking's demat accounts and the account holders can now trade or invest on its platform

Markets gain on RBI's accommodative stance, banking stocks lead rally

Sensex gains 0.94%; Bank Nifty rises 1.5%

How should bond, equity investors place themselves post RBI policy outcome?

What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most