Page 507 - Markets News
Defence stocks continue rally; Sika Interplant, Astra Microwave up over 9%
Defence sector stocks shine as investor interest rises after showing of India-made armaments and systems during the recent Operation Sindoor
 "Defence stocks continue rally; Sika Interplant, Astra Microwave up over 9%")
Sebi bans Varyaa Creations from securities mkt over IPO proceeds diversion
The shareholdings of seven promoter group entities have been frozen until further directions, according to an interim order passed by Sebi on Wednesday
 "Sebi bans Varyaa Creations from securities mkt over IPO proceeds diversion")
India-US trade deal hopes lift mood, Sensex up 1,200 pts, Nifty above 25k
The rally came after comments from President Trump that India had offered a zero-tariff trade deal to the United States
 "India-US trade deal hopes lift mood, Sensex up 1,200 pts, Nifty above 25k")
Indian Rupee snaps three-day winning streak; ends 27 paise lower at 85.52/$
The domestic currency closed 27 paise lower at 85.52 after ending at 85.28 against the greenback on Wednesday
 "Indian Rupee snaps three-day winning streak; ends 27 paise lower at 85.52/$")
Nifty tops 25k, Sensex soars 1,200 pts on Trump's claim of India tariff cut
Why are markets rising today? | On the NSE, the Nifty index soared 450 points or 1.8 per cent to the day's high of 25,116
 "Nifty tops 25k, Sensex soars 1,200 pts on Trump's claim of India tariff cut")
Auto index soars 25% from April low; Hero Moto, TaMo gain up to 6% on Thurs
At 02:47 PM; the BSE Auto index, the second largest gainer among sectoral indices, was up 2 per cent, as compared to 1.5 per cent rise in the BSE Sensex.
 "Auto index soars 25% from April low; Hero Moto, TaMo gain up to 6% on Thurs")
Stock market rally highlights: Sensex jumps 1,200 pts; Nifty at 25,062; auto, bank, financials shine
Stock Market Highlights: The market rally came after US President Donald Trump said that India has offered to reduce tariffs on US goods, easing trade tensions between the two countries
 "Stock market rally highlights: Sensex jumps 1,200 pts; Nifty at 25,062; auto, bank, financials shine")
Prism Johnson share price zooms 10% on Q4 numbers; check details here
The northward movement in the company's stock price came following the company announced its financial results for the fourth quarter of 2024-25 (Q4FY25)
 "Prism Johnson share price zooms 10% on Q4 numbers; check details here")
Piramal Pharma stock falls 5% after Q4 results; check key numbers here
Piramal Pharma stock was down 4.5 per cent at ₹209 compared to the previous day's close of ₹219.04 on the NSE
 "Piramal Pharma stock falls 5% after Q4 results; check key numbers here")
Cochin Shipyard hits 7-mth high; up 26% in 1 week; what's behind the rally?
Till 12:15 PM, a combined 13.53 million equity shares representing 5 per cent of the total equity of Cochin Shipyard had changed hands on the NSE and BSE.
 "Cochin Shipyard hits 7-mth high; up 26% in 1 week; what's behind the rally?")
Here's why KRN Heat Exchanger shares are buzzing in trade on May 15
KRN Heat Exchanger's wholly owned subsidiary has been granted the incentive of ₹141.72 crore from the Performance Linked Incentive (PLI) Scheme for white goods.
 "Here's why KRN Heat Exchanger shares are buzzing in trade on May 15")
Fertiliser stocks zoom up to 8% on Thursday; here's what fueling the rally
The better-than-expected retail inflation data and expectations of a good monsoon season ahead have lifted the sentiment around fertiliser stocks
 "Fertiliser stocks zoom up to 8% on Thursday; here's what fueling the rally")
What sparked 11% rally in 3i Infotech share price on May 15? Find out here
In terms of geographical footprint, the US remained 3i Infotech's largest market, accounting for 46 per cent of total revenue, with India following closely at 43 per cent of total revenue.
 "What sparked 11% rally in 3i Infotech share price on May 15? Find out here")
Gensol Engineering hit 5% upper circuit for third day in row; Details here
In April, the Securities and Exchange Board of India (SEBI) issued an interim order against Anmol Singh Jaggi and Puneet Singh Jaggi over alleged fund diversion and fraudulent practices
 "Gensol Engineering hit 5% upper circuit for third day in row; Details here")
Borana Weaves IPO opens on May 20: check price band, lot size, key dates
As investors await the subscription window to open for the Borana Weaves IPO, here are some key details taken from its Red Herring Prospectus (RHP)
 "Borana Weaves IPO opens on May 20: check price band, lot size, key dates")
Kalpataru Projects shares jump 5% on order wins worth ₹2,372 crore
Kalpataru Projects stock rose as much as 4.96 per cent during the day to ₹1,069 per share
 "Kalpataru Projects shares jump 5% on order wins worth ₹2,372 crore")
This diesel engine maker's shares advanced 10% on posting Q4 results
The company's revenue from operation increased 5.6 per cent to ₹1,753 crore as compared to ₹1,660 crore a year ago
 "This diesel engine maker's shares advanced 10% on posting Q4 results")
Private defence company stock soars 12% today; zooms 76% from March low
Share price of Astra Microwave Products soared 12% to ₹1,030.10 on the BSE in Thursday's intra-day trade, inching towards its record high level of ₹1,059.75 touched on June 18, 2024.
 "Private defence company stock soars 12% today; zooms 76% from March low")
Here's why Marksans Pharma share price increased over 2% in trade on May 15
At 11:20 PM, Marksans Pharma shares pared gains and were trading merely 0.08 per cent higher at Rs 238 per share. In comparison, BSE Sensex was trading 0.10 per cent lower at 81,247.08 level.
 "Here's why Marksans Pharma share price increased over 2% in trade on May 15")
Accretion Pharmaceuticals IPO Day 2 update: Fully subscribed, GMP at 12%
The unlisted shares of Accretion Pharmaceuticals were trading at ₹113, commanding a GMP of ₹12 or 11.88 per cent against the issue price
 "Accretion Pharmaceuticals IPO Day 2 update: Fully subscribed, GMP at 12%")