Page 2021 - Markets News

Markets snap losing streak, but Covid-19 fear weighs on sentiment

After gyrating 667.46 points during the day, the 30-share BSE Sensex ended just 7.09 points or 0.01 per cent higher at 49,751.41

After record FY21, brokerages' revenue growth to moderate in FY22: ICRA

'The ongoing investor exuberance is expected to wane gradually. The trading volumes are expected to moderate compared to the peak witnessed in the last few months,' says an ICRA official

Despite market rally, large-cap funds are struggling to generate alpha

26 of 35 such schemes failed to beat Sensex over past year

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

RIL's revamp paves way for O2C stake sale, next leg of growth: Analysts

Reorganisation won't impact RIL's consolidated financials or shareholding. Analysts say the de-merger will be done at tax networth of O2C assets, making transaction tax neutral for RIL

Heranba Industries Rs 625 crore IPO subscribed 84% on Day-1

Price band set at Rs 626-627 per share; offer is priced at nearly 23 times its trailing 12-month earnings

NSE to make changes in index maintenance guidelines, criteria from Mar 31

The National Stock Exchange (NSE) on Tuesday announced changes in index maintenance guidelines, criteria and methodology.

Sebi to introduce pre-expiry margins to curb negative price scenarios

Sebi will put in place pre-expiry margins on cash settled contracts wherein the underlying commodities are deemed to be susceptible to possible near zero or negative prices

SBI Card raises Rs 550 crore through private placement of bonds

State-run lender State Bank of India has a significant stake in SBI Card

Market Wrap, Feb 23: Here's all that happened in the markets today

BSE Sensex closed at 49,751 levels, up 7 points or 0.01 per cent. The index had surpasses the 50,000-mark in the intra-day trade and had hit a high of 50,327 on the BSE

Indices snap 5-day losing streak; Sensex ends flat; Nifty Metal gains 4%

In the broader markets, the Nifty MidCap 100 and SmallCap 100 indices settled with gains of about 1 per cent on the NSE

Tata Motors, Tata Motors DVR gain up to 8% amid heavy volumes

Tata Motors outlined ambition to reach double-digit commercial vehicle margins and high single-digit passenger vehicle margins in coming years

Cochin Shipyard shares surge 11% on order win from Indian Navy

The company has been declared as lowest bidder for construction of six numbers of Next Generation Missile Vessels (NGMV) and the estimated total order value is around Rs 10,000 crore

Bharat Forge jumps over 4% after firm inks pact with Paramount Group

The stock gained 4.05 per cent to Rs 612 apiece on the BSE. On the NSE, it rose by 4.12 per cent to Rs 612.85

This Rekha Jhunjhuwala-owned stock has rallied 58% so far in February

Ace investor Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala held 5 million shares, or 8.04 per cent stake, in the company, as on December 31, 2020, the shareholding pattern data show

Tata Steel, Vedanta: Rally in metal stocks may just have begun, charts show

The Nifty Metal index is struggling to sustain above the 3,600 mark. However, once breached decisively, an up move towards 4,000 levels can not be ruled out.

Turnaround stories: These 25 firms swung to profit in the December quarter

Stocks of 18 of these 25 firms managed to outperform the S&P BSE Sensex on a year-to-date (YTD) basis

Hindalco jumps 4% as firm unveils capital allocation framework

The company expects to generate over $1-1.2 billion cash flow per annum post its normal working capital and maintenance capex

ONGC rallies 7% on higher oil prices; stock up 29% so far in February

Goldman Sachs Group Inc. has predicted crude oil prices could advance above $70 in the coming months

Chart check: Will the O2C biz spin-off trigger a fresh rally in RIL stock?

A breakout above Rs 2,100 in RIL's counter may see a rally towards 2,400