Page 2101 - Markets News
Burger King IPO to open on December 2; here is all you need to know
Burger King IPO will remain open till December 4 with a price band of Rs 59-60 per share
 "Burger King IPO to open on December 2; here is all you need to know")
IGL, Gail, MGL: Trading strategies for CGD stocks post new gas tariff order
Indraprastha Gas stock is seeing a strong resistance at 490 levels on weekly charts. If it manages to breach this level decisively, then the upside may see a rally towards Rs 525 and Rs 555 levels
 "IGL, Gail, MGL: Trading strategies for CGD stocks post new gas tariff order")
Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%
Cummins India, Ashok Leyland, Motherson Sumi, Bajaj Auto, Balkrishna Industries, Exide Industries and Amara Raja Batteries from the auto index were up between 3 per cent and 5 per cent on the BSE
 "Auto shares in focus ahead of November sales; Tata Motors, TVS Motor up 5%")
Oil regulator PNGRB simplifies gas pipeline tariff for better affordability
PNGRB said the tariff for the first tariff zone will be 40 per cent of the tariff for the second zone
 "Oil regulator PNGRB simplifies gas pipeline tariff for better affordability")
Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences
Motilal Oswal Securities maintains 'buy' rating on Laurus Labs with target price of Rs 410 per share
 "Laurus Labs gains 7% in two days on acquisition of Richcore Lifesciences")
Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%
The company has agreed to raise Rs 350 crore on a private placement basis via preferential allotment to Azim Premji Trust and two schemes of SBI Mutual Fund (MF)
 "Tube Investments to raise funds from Azim Premji Trust, SBI MF; stock up 5%")
Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff
Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE
 "Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff")
Stocks to watch: FMCG firms, M&M, DHFL, ACC, L&T, Adani Green, Gillette
Here's a list of stocks that may remain in focus today.
 "Stocks to watch: FMCG firms, M&M, DHFL, ACC, L&T, Adani Green, Gillette")
Market Ahead, November 27: All you need to know before the opening bell
Investors will keenly await India's GDP figures for the second quarter which are scheduled to be released today post market hours
 "Market Ahead, November 27: All you need to know before the opening bell")
Top stock picks by Nilesh Jain of Anand Rathi: Buy HCL Tech, HDFC AMC
A fresh buy crossover can be seen on MACD indicators for HCL Tech, and RSI has reversed from the oversold territory which hints at a strong pullback in the short term
 "Top stock picks by Nilesh Jain of Anand Rathi: Buy HCL Tech, HDFC AMC")
IndiGo's runaway rally worries analysts; Citi downgrades stock to 'sell'
In the past six months, IndiGo has outperformed the Sensex index and has rallied 78.4 per cent on the BSE till Wednesday. In comparison, the S&P BSE Sensex is up 42.8 per cent, BSE data show
 "IndiGo's runaway rally worries analysts; Citi downgrades stock to 'sell'")
FPIs fret over peak margin norms, urge Sebi to defer implementation
Norms have a framework for verification of upfront margin collection in cash and derivatives segments. Peak margin is the reporting of client margins by trading members during the day
 "FPIs fret over peak margin norms, urge Sebi to defer implementation")
Copper zooms near 7-year high on Covid vaccine hopes, fund buying
Three-month copper on the London Metal Exchange was up 0.9 per cent to $7,368 a tonne at 6:00 pm (IST), after hitting $7,410 a tonne, its highest since January 2, 2014
 "Copper zooms near 7-year high on Covid vaccine hopes, fund buying")
After a day's breather, benchmark indices reverse losses on F&O expiry
However, Maruti, ONGC, IndusInd Bank, Tech Mahindra and Infosys dipped up to 0.87 per cent
 "After a day's breather, benchmark indices reverse losses on F&O expiry")
Govt move to clear fertiliser firms' subsidy arrears gets tepid response
Combined market capitalisation of 10 fertiliser companies up 10% in Nov, against 12% rise in Sensex
 "Govt move to clear fertiliser firms' subsidy arrears gets tepid response")
Astral Poly Technik adds a new growth engine in plastic tanks
Analysts positive on its foray, given the large industry size and synergy with existing business
 "Astral Poly Technik adds a new growth engine in plastic tanks")
IT and telecom will do well in the medium term: Vinay Paharia of Union AMC
In a Q&A, Paharia says the economy is expected to recover sharply driven by base effect and pent-up demand, and that govt's 'AtmaNirbhar' packages are likely to provide a fillip to manufacturing
 "IT and telecom will do well in the medium term: Vinay Paharia of Union AMC")
Siemens India: Hopes hinge on sustained manufacturing sector revival
Riding on improved profitability, stock rose 12 per cent on Thursday
 "Siemens India: Hopes hinge on sustained manufacturing sector revival")
Joe Biden's welcome by stock markets second only to Ronald Reagan's
It's obviously very early, but the market reality has been the opposite of what Donald Trump predicted for his rival - a crash
 "Joe Biden's welcome by stock markets second only to Ronald Reagan's")
Buy-the-dip mantra keeps market resilient, experts say bullish grip to stay
Book profits and re-enter at lower levels can be a good strategy say experts
 "Buy-the-dip mantra keeps market resilient, experts say bullish grip to stay")