Page 2083 - Markets News
Gains in IT stocks, Brexit agreement hope push markets further up
The gains in the indices were led by IT majors Infosys and TCS
 "Gains in IT stocks, Brexit agreement hope push markets further up")
ESG investing gathers steam worldwide amid Covid-19 pandemic: Experts
India, too, witnessed traction in ESG-related decision-making and product offerings, such as ESG-focused mutual funds, EY said.
 "ESG investing gathers steam worldwide amid Covid-19 pandemic: Experts")
Vedanta promoters to raise stake by 5% in Indian arm via block deals
Stake hike comes after Vedanta Resources, the company's promoter, had failed to delist Vedanta Ltd in October as it did not get bids for a sufficient quantity of shares
 "Vedanta promoters to raise stake by 5% in Indian arm via block deals")
Only nine of 187 closed-end schemes outdid their benchmarks this year
Schemes which did better than their underlying indices managed Rs 1,158 cr of investor money. The laggards had assets worth Rs 33,612 cr, shows Business Standard analysis
 "Only nine of 187 closed-end schemes outdid their benchmarks this year")
Market Wrap, Dec 23: Here's all that happened in the markets today
BSE Sensex ended the day 437 points, or 0.95 per cent, higher at 46,444 levels, surging 545 points from the day's low
 "Market Wrap, Dec 23: Here's all that happened in the markets today")
Vodafone Idea surges 10% ahead of arbitration appeal deadline
According to a report Finance Minister Nirmala Sitharaman had, last week, discussed the matter extensively with senior bureaucrats, including secretary level officials and heads of concerned tax dept
 "Vodafone Idea surges 10% ahead of arbitration appeal deadline")
Sensex gains for 2nd day, ends 437 pts up at 46,444; HUL, Infy top gainers
India VIX cooled off over 6 per cent to end at 20.5 levels
 "Sensex gains for 2nd day, ends 437 pts up at 46,444; HUL, Infy top gainers")
Dish TV surges 17%, hits 52-week high on the back of heavy volumes
Till 2:20 pm, a combined 69.62 million equity shares had changed hands on the NSE and BSE
 "Dish TV surges 17%, hits 52-week high on the back of heavy volumes")
Ramco Systems bags multi-million dollar deal; stock zooms 10%
The company said it has now added three Fortune 500 brands as clients for Ramco Global Payroll, in Q3 2020
 "Ramco Systems bags multi-million dollar deal; stock zooms 10%")
Ruchi Soya shareholders okay appointment of Ramdev on board; stock up 4.5%
Ruchi Soya had sought shareholders' approval to re-designate Acharya Balkrishna as chairman of the company and appointment of Swami Ramdev, 49, as a director on the company board
 "Ruchi Soya shareholders okay appointment of Ramdev on board; stock up 4.5%")
Majesco shares trade ex-dividend, locked in 5% upper circuit
Majesco has fixed Friday, December 25, 2020, as record date for the purpose of payment of interim dividend
 "Majesco shares trade ex-dividend, locked in 5% upper circuit")
Tech View: Dalal Street's top wealth creators of 2020 show further upside
The stock of Dixon Technologies has tripled during the current calendar year from the levels of Rs 3,800 to around Rs 12,535
 "Tech View: Dalal Street's top wealth creators of 2020 show further upside")
Borosil Renewables rallies 13% to hit new high; stock zooms 60% in 8 days
The company said the funds raised through QIP last week will help to undertake planned expansion
 "Borosil Renewables rallies 13% to hit new high; stock zooms 60% in 8 days")
IT shares extend rally; TCS, Infosys, HCL Tech, Tech Mahindra hit new highs
The large deal wins for both Infosys and Wipro reinforces positive stance on the IT Services industry, analysts at Motilal Oswal said
 "IT shares extend rally; TCS, Infosys, HCL Tech, Tech Mahindra hit new highs")
Firstsource Solutions gains 5% on acquisition of PatientMatters
The management said this strategic acquisition magnifies strong patient-centric revenue management capabilities and creates adjacent areas for growth for the company
 "Firstsource Solutions gains 5% on acquisition of PatientMatters")
Stocks to watch: Bajaj Auto, Infosys, Wipro, Ruchi Soya, M&M, SBI Card, PNB
Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29
 "Stocks to watch: Bajaj Auto, Infosys, Wipro, Ruchi Soya, M&M, SBI Card, PNB")
Market Ahead, December 23: Top factors that could guide markets today
Antony Waste Handling Cell initial public offer was subscribed 3.85 times on the second day of its subscription on Tuesday
 "Market Ahead, December 23: Top factors that could guide markets today")
Pullback rally may not last; stay cautious at higher levels: HDFC Sec
The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600
 "Pullback rally may not last; stay cautious at higher levels: HDFC Sec")
RBI to face new challenges in 2021 as Rupee, bonds lure overseas investors
Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India that has been buying up the deluge of dollars to curb the rupee's gains
 "RBI to face new challenges in 2021 as Rupee, bonds lure overseas investors")
Mutual fund industry in a bind over Sebi's new rules for executing trades
The regulations, which were notified in late October and lay down a code of conduct, have raised privacy concerns and may lead to longer working hours for fund managers
 "Mutual fund industry in a bind over Sebi's new rules for executing trades")