Page 2037 - Markets News
BS READS: Some mistakes India must avoid this time to make DFIs a success
Now that DFIs are making a comeback, three key issues will be crucial for their success -the availability of long-term funds at a reasonable cost, private-sector ownership, and professional management
 "BS READS: Some mistakes India must avoid this time to make DFIs a success")
Sebi cancels Kolar Sharex, Rajkumar C. Basantani as stock brokers
Markets regulator Sebi on Thursday cancelled the registration of Kolar Sharex Pvt Ltd as stock broker for violating market norms
 "Sebi cancels Kolar Sharex, Rajkumar C. Basantani as stock brokers")
Pumping in $33.8 bn so far this fiscal, FPIs' holding at record $592.5 bn
Inflows are highest since FY15
 "Pumping in $33.8 bn so far this fiscal, FPIs' holding at record $592.5 bn")
CS, Nomura turn 'overweight' on India; how much upside can one expect?
How much more meaningful upside can we anticipate for the market? In this podcast, Jyoti Roy, DVP Equity Strategist at Angel Broking answers this and more
 "CS, Nomura turn 'overweight' on India; how much upside can one expect?")
Market Wrap, Feb 18: Here's all that happened in the markets today
BSE Sensex tanked 379 points today to settle at 51,325 levels. From the day's high of 51,904, the index skid over 700 points to hit a low of 51,187
 "Market Wrap, Feb 18: Here's all that happened in the markets today")
Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%
Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher
 "Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%")
SBI Cards' m-cap surpasses Rs 1-trillion mark as stock hits new high
At 03:29 pm, SBI Cards recorded an m-cap of Rs 1.01 trillion and stood at 34th position in the overall ranking, BSE data showed
 "SBI Cards' m-cap surpasses Rs 1-trillion mark as stock hits new high")
Tejas Networks gains 10% on government nod to PLI scheme for telecom sector
The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years
 "Tejas Networks gains 10% on government nod to PLI scheme for telecom sector")
ONGC, BPCL, HPCL: Oil and Gas stocks could surge up to 30%, charts show
Technical indicators suggest further upside in the S&P BSE Oil and Gas index towards 15,800 to 16,000 levels.
 "ONGC, BPCL, HPCL: Oil and Gas stocks could surge up to 30%, charts show")
Repco Home, PNB Housing Finance soar up to 18%, hit 52-week highs
The RBI, on Wednesday, came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs
 "Repco Home, PNB Housing Finance soar up to 18%, hit 52-week highs")
Paytm Money opens F&O trading, receives over 100,000 early access requests
Paytm Money said that during the Early Access Program the company witnessed massive interest coming from tier-III, tier-IV, and the rest of India
 "Paytm Money opens F&O trading, receives over 100,000 early access requests")
HEG, Linde: Despite 50% rally in Feb, these 14 stocks can rise another 25%
The technical outlook continues to show more upside in these stocks
 "HEG, Linde: Despite 50% rally in Feb, these 14 stocks can rise another 25%")
New India Assurance, GIC Re hit 20% upper circuit on privatization buzz
As on December 31, 2020, the government held 85.78 per cent stake in GIC RE, and 85.44 per cent holding in the New India Assurance Company.
 "New India Assurance, GIC Re hit 20% upper circuit on privatization buzz")
Morgan Stanley believes SBI is well-placed to capitalise cyclical lift
Morgan Stanley has raised its one-year target price to Rs 600 apiece. In their bull-case, the target price is pegged at Rs 830, implying a 100 per cent upside from Wednesday's close
 "Morgan Stanley believes SBI is well-placed to capitalise cyclical lift")
Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra
Gujarat Gas, Gujarat State Petronet and Indraprastha Gas rallied up to 18 per cent on the BSE in intra-day trade
 "Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra")
TCNS Clothing surges 26% in 2 days after Nalanda Fund buys 7% stake
On Wednesday, Nalanda India Equity Fund bought 4.32 million equity shares, representing 7.02 per cent stake, in the company though block deals
 "TCNS Clothing surges 26% in 2 days after Nalanda Fund buys 7% stake")
IndiaMART InterMESH shares surge 8% after launch of QIP issue
The board may offer a discount of 5 per cent on the floor price at its discretion, the company said
 "IndiaMART InterMESH shares surge 8% after launch of QIP issue")
PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high
In the past one week, Bank of Maharashtra and Indian Overseas Bank have surged up to 67 per cent on report that the government has shortlisted four mid-sized state-run banks for privatisation
 "PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high")
Dish TV jumps 6% as board approves raising up to Rs 1,000 crore
The company and its promoters settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges
 "Dish TV jumps 6% as board approves raising up to Rs 1,000 crore")
Stocks to watch: Bharti Airtel, IndiaMart, Dish TV, GAIL, Ambuja Cements
Dish TV's board, on Wednesday, approved raising funds of up to Rs 1,000 crore
 "Stocks to watch: Bharti Airtel, IndiaMart, Dish TV, GAIL, Ambuja Cements")