Page 2003 - Markets News

Dividend payout hope post Numaligarh Refinery deal drives BPCL stock

Shares of BPCL hit fresh 52-week high of Rs 482.4 apiece, up 6 per cent on the BSE, as its Board approved to offload the firm's holding in the Numaligarh Refinery unit for Rs 9,878 crore

Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

Tata Motors clocks highest-ever PV sales in 9 years in Feb 2021; stk up 5%

ICICI Securities maintain 'buy' rating on Tata Motors with target price of Rs 375 per share.

Shipping Corporation, BPCL, NFL: Trading strategies for news-driven stocks

With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels

RailTel Corporation rises for third day; stock up 85% over issue price

The scrip jumped 19 per cent over its previous close to hit an intra-day high of Rs 173.50 on the BSE

This Ashish Kacholia-owned stock has more than doubled in a month

As of December 2020, ace investor Ashish Kacholia held 1.40 per cent stake in the company

BSE PSU index hits 16-month high, surges 27% since Budget

Hindustan Copper, RCF, MMTC, NBCC, Indian Overseas Bank, Bank of Maharashtra and Bank of India have rallied more than 50% in past one month.

Hero MotoCorp rises 2%, nears 52-week high as February sales improve

The company's total motorcycle sales stood at 4.63 lakh units last month as against 4.79 lakh units in February 2020, down 3.25 per cent YoY

Shipping Corp surges 19% as govt gets multiple bids for privatisation

DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India

Stocks to watch: BPCL, Shipping Corp, Hero Moto, Tata Motors, IDBI Bank

Royal Enfield on Monday reported a 10 per cent increase in total sales at 69,659 units in February

Market Ahead, March 2: All you need to know before the Opening Bell

Shares of Eicher Motors would be in focus after Royal Enfield on Monday reported a 10 per cent increase in total sales at 69,659 units in February

Sebi plans change in norms to trim promoters' sway on independent directors

Its proposed 'dual approval' system gives more powers to minority shareholders, without whose majority consent it will not be possible for companies to appoint or remove IDs

Private sector's cost efficiency drive aiding Siemens' profitability

Acquisition of C&S Technologies is seen margin accretive and will augment exports

Reduced debt, better business outlook spark rally in Aditya Birla Fashion

Shares of the company were up for 8th straight day, its longest winning streak in nearly six years

International funds in focus as diversification theme gains ground

Sebi's easing of investment norms has encouraged MFs to look at the category more seriously

Mutual fund penetration in India among lowest, shows Jefferies report

An analysis done by Jefferies shows India's MF AUM as a percentage of GDP at 12 per cent is among the lowest and a fraction of global average of 63 per cent

HDFC Sec says tech glitch resolved, probe on to find root cause; ops normal

Leading stock exchanges NSE BSE said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in NSE cash segment

Sensex, Nifty rebound as yield pressure eases; ONGC, UltraTech gain

The progress in the US stimulus package and gross domestic product (GDP) growth in India for the quarter ended December 31, after two consecutive quarters of contraction, also helped sentiment

Cayman Islands' grey list tag may hurt FPI investments into India

FPIs from the region will face stricter KYC, may have to furnish updated ultimate beneficial ownership info for all investors holding over 10% in the fund as opposed to 25% now

Oil rebounds from biggest slump since Nov ahead of a key Opec+ meeting

At 8.48 pm (IST), Brent crude was trading at $64.65 a barrel, up 0.36 per cent