Page 2091 - Markets News
BNP Paribas sees Sensex at 50,500 in 2021; remains overweight on India
A common thread running between China and India, BNP Paribas said, is the focus on some long-range economic plans - targeted at boosting consumption in China and on supporting investments in India
 "BNP Paribas sees Sensex at 50,500 in 2021; remains overweight on India")
Burger King shares more than double in best listing day show in three years
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
 "Burger King shares more than double in best listing day show in three years")
Sensex ends at fresh closing peak, gains 154 pts; Burger King zooms 131%
All that happened in the markets today
 "Sensex ends at fresh closing peak, gains 154 pts; Burger King zooms 131%")
Shriram City Union Finance to raise up to Rs 200 cr through bonds
The bonds will be in the nature of secured, rated, listed, redeemable, principal protected market linked debentures (PP-MLD)
 "Shriram City Union Finance to raise up to Rs 200 cr through bonds")
Market Wrap, Dec 14: Here's all that happened in the markets today
BSE Sensex ended at a fresh closing peak of 46,253, up 154 points, or 0.34 per cent while NSE's Nifty ended 44 points, or 0.33 per cent higher at 13,558 levels - its record closing high
 "Market Wrap, Dec 14: Here's all that happened in the markets today")
Burger King more than doubles in stellar market debut. Should you stay put?
The company intends to utilise the issue proceeds to finance the roll-out of new company-owned Burger King Restaurants and to meet the general corporate purposes
 "Burger King more than doubles in stellar market debut. Should you stay put?")
PSU stocks in focus; Hindustan Copper, MMTC rally up to 20%
In past one month, the S&P BSE PSU index has rallied 17%, as compared to a 6% gain in the benchmark S&P BSE Sensex.
 "PSU stocks in focus; Hindustan Copper, MMTC rally up to 20%")
Ramco Systems hits 52-wk high on winning large multi-million dollar orders
In the past two trading days, the stock has gained 19 per cent from the level of Rs 518 hit on Thursday, December 10.
 "Ramco Systems hits 52-wk high on winning large multi-million dollar orders")
BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%
Given the likely recovery in capex from public sector, multilateral funded projects and certain process industries, analysts at ICICI Securities believe, companies like L&T will be key beneficiary
 "BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%")
Jubilant Food, Tata Coffee: Strategy for QSR stks post Burger King listing
An upmove above the resistance level of Rs 2,700 may trigger a rally towards Rs 3,000 mark in Jubilant FoodWorks, technical charts suggest
 "Jubilant Food, Tata Coffee: Strategy for QSR stks post Burger King listing")
Bharti Infratel nears 52-week high; stock zooms 40% in a month
The company said it has initiated due process for getting final approval from stock exchanges to update the name to Indus Towers
 "Bharti Infratel nears 52-week high; stock zooms 40% in a month")
Cipla rallies 5% after settling litigation with Bristol Myers in US
Bristol Myers (Celgene) will provide Cipla with a license to sell generic volume-limited amounts of gRevlimid capsules in the US sometime after March 2022, subject to regulatory approval
 "Cipla rallies 5% after settling litigation with Bristol Myers in US")
eClerx Services gains 4%, hits 52-week high as Company to acquire Personiv
The acquisition is expected to be closed by December 29, 2020, and will be paid in cash.
 "eClerx Services gains 4%, hits 52-week high as Company to acquire Personiv")
Stocks to watch: Cipla, eClerx, KEC International, Burger King India, JSPL
Here's a list of stocks that may remain in focus today.
 "Stocks to watch: Cipla, eClerx, KEC International, Burger King India, JSPL")
Nifty outlook & stock picks by Gaurav Garg: Buy Quess Corp, City Union Bank
Traders should try to create a long position keeping a close eye on 13,400
 "Nifty outlook & stock picks by Gaurav Garg: Buy Quess Corp, City Union Bank")
A fall below 13,400 may push Nifty towards 12,900, says Sameet Chavan
With a broader view, 14,000 and beyond levels are very much possible, but for the time being 13,500 - 13,600 are the extreme levels as per few key Fibonacci ratios
Market Ahead, December 14: Top factors that could guide markets this week
Burger King India's Rs 810 crore IPO will debut at the bourses today. The quick-service restaurant chain is expected to have a strong debut as its IPO had received an overwhelming response
 "Market Ahead, December 14: Top factors that could guide markets this week")
Sebi defers T+1 settlement plan after opposition from foreign investors
Measures related to capital markets aimed at providing an impetus to economic growth will be discussed, sources said.
 "Sebi defers T+1 settlement plan after opposition from foreign investors")
BSE, NSE, MCX gear up for India's first bullion exchange at Gift City
The remaining share capital may be acquired or held by any other person with a maximum cap of 5 per cent per investor.
 "BSE, NSE, MCX gear up for India's first bullion exchange at Gift City")
FOMO on market rally overshadowing economic environment: Prakash Kacholia
The inflow of over Rs 60,000 crore of funds into the Indian markets from foreign portfolio investors (FPIs) in November would defy all moods
 "FOMO on market rally overshadowing economic environment: Prakash Kacholia")