Page 1992 - Markets News
Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock
Shares of Indian Hotels Company have rallied 105 per cent from its 52-week low levels hit in May last year
 "Recovery play? Brokerages see up to 40% upside in this Jhunjhunwala stock")
Investor wealth falls Rs 1.37 trn as markets snap three-day rising streak
The 30-share BSE Sensex closed at 50,792.08, lower by 487.43 points or 0.95 per cent. During the trade, it plunged 741.08 points to 50,538.43
 "Investor wealth falls Rs 1.37 trn as markets snap three-day rising streak")
Market Wrap, March 12: Here's all that happened in the markets today
The equity indices snapped their three-day winning streak and settled 0.9 per cent lower. The frontline S&P BSE Sensex dropped 487 points, or 0.95 per cent, to end the day at 50,792 levels.
 "Market Wrap, March 12: Here's all that happened in the markets today")
Rising bond yields, Covid-19 cases spoil D-St party; Sensex slides 487 pts
Sectorally, all the NSE indices were painted red with the Nifty Auto and PSU Bank indices down around 2 per cent each
 "Rising bond yields, Covid-19 cases spoil D-St party; Sensex slides 487 pts")
Blue Dart extends rally as parent company posts record profit for CY20
For the financial year 2021, the DHL group anticipates a further significant increase in Ebit to more than EUR 5.6 billion
 "Blue Dart extends rally as parent company posts record profit for CY20")
India Glycols dips 9% on forming JV with Clariant for BioEO biz
Under the terms of the proposed agreement, India Glycols will contribute its renewable Bio-EO Derivative business to the joint venture
 "India Glycols dips 9% on forming JV with Clariant for BioEO biz")
Prestige Estates completes phase 1 of Blackstone deal; stock jumps 4%
The management said the company has a strong development pipeline of about 43 mnsft office and retail portfolio in the key locations across the cities
 "Prestige Estates completes phase 1 of Blackstone deal; stock jumps 4%")
BSE Smallcap index hits new high; HLE Glascoat zooms 108% in a month
In past one month, the BSE Smallcap index outperformed the market by surging 9 per cent, as compared to 4.7 per cent gain in the Midcap and 0.53 per cent risen in the benchmark Sensex.
 "BSE Smallcap index hits new high; HLE Glascoat zooms 108% in a month")
Titan, Lupin: How to trade dark horses in Rakesh Jhunjhunwala's portfolio
Titan Company needs to decisively cross and sustain above Rs 1,500 levels, supported by volume, to attract the interest of market participants
IEX soars 13%, hits new high on pact with NSE & ONGC to build gas markets
IEX announced strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to the NSE and additional 5 per cent equity holding to ONGC
 "IEX soars 13%, hits new high on pact with NSE & ONGC to build gas markets")
Indian shares surge on financial boost; IDBI Bank stocks jumps over 17%
The Nifty Bank Index added 1.28% and is up more than 17% since February. HDFC Bank Ltd was the top boost to the Nifty 50, rising 1.7%
 "Indian shares surge on financial boost; IDBI Bank stocks jumps over 17%")
Sensex rallies over 500 pts in early trade; Nifty tops 15,300
The 30-share BSE index was trading 503.28 points or 0.98 per cent higher at 51,782.79, and the broader NSE Nifty was quoting 144.35 points or 0.95 per cent up at 15,319.15
 "Sensex rallies over 500 pts in early trade; Nifty tops 15,300")
Dixon Tech hits record high ahead of stock split; up 609% from Mar'20 low
The stock hit a record high of Rs 20,564, having gained 8% in the past three trading days, after the company fixed March 19, 2021 as the record date for 1:5 stock split
 "Dixon Tech hits record high ahead of stock split; up 609% from Mar'20 low")
IDBI Bank surges 17% as RBI removes lender from PCA framework
IDBI Bank's exit from the PCA framework eases the rules for lender to expand its business
 "IDBI Bank surges 17% as RBI removes lender from PCA framework")
Asian stocks up as Joe Biden signs stimulus; lower yields boost tech
MSCI's broadest gauge index of Asia-Pacific shares outside Japan gained 0.45% on Friday morning, supported by tech gains
 "Asian stocks up as Joe Biden signs stimulus; lower yields boost tech")
Stocks to watch: IDBI Bank, M&M, Prestige Estates, SBI Life, Quick Heal
M&M has got a green signal from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor
 "Stocks to watch: IDBI Bank, M&M, Prestige Estates, SBI Life, Quick Heal")
Market Ahead, March 12: Top factors that could guide markets today
The Dow Jones Industrial Average rose 0.58%, the S&P 500 gained 1.04% and the Nasdaq Composite added 2.52%
Decoded: What is SPAC and is it the real thing or a misplaced hype?
Special Purpose Acquisition Companies, or SPACs, are listed shell companies created with the sole purpose to acquire unlisted or private companies and then merge with the latter
 "Decoded: What is SPAC and is it the real thing or a misplaced hype?")
IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs
Deck clears for government's stake sale; improvement in lender's finances key to invoke investor interest
 "IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs")
Investors continue to be bullish on gold ETFs; invest Rs 491 crore in Feb
Prior to this, gold ETFs had seen an outflow of Rs 141 crore in November, Association of Mutual Funds in India data showed
 "Investors continue to be bullish on gold ETFs; invest Rs 491 crore in Feb")