Page 543 - Markets News
BSE Oil & Gas index up 2%; ONGC, Oil India, GAIL surge up to 4%
British energy major BP, along with Reliance Industries and ONGC, has secured an offshore block off the Gujarat coast in the latest exploration bidding round
 "BSE Oil & Gas index up 2%; ONGC, Oil India, GAIL surge up to 4%")
KFin Tech shares rally 6% on acquisition of Singapore-based Ascent Fund
KFin Tech's stock rose as much as 5.9 per cent during the day to ₹1,067 per share
 "KFin Tech shares rally 6% on acquisition of Singapore-based Ascent Fund")
Nippon Life India launches two open-ended index funds; check details
The New Fund Offer (NFO) for both funds will open for subscription on April 16, 2025 and close on April 30, 2025
 "Nippon Life India launches two open-ended index funds; check details")
Sebi to review ESG disclosures for listed firms, says Tuhin Kanta Pandey
India has fared poorly on ESG scores, with Moody's Ratings classifying the country in the high risk category on environment and social factors
 "Sebi to review ESG disclosures for listed firms, says Tuhin Kanta Pandey")
These 2 smallcap stocks trade above 200-DMA after 11 months. Time to buy?
Technical chart suggests that Valor Estate (former DB Realty) can potentially zoom over 30%, while other smallcap stock - Ujjivan SFB can rally over 14% from present levels.
 "These 2 smallcap stocks trade above 200-DMA after 11 months. Time to buy?")
FIIs revisit Indian stocks with 2025's 3rd-biggest buy; will flows sustain?
The renewed interest by FIIs in Indian stock markets could be a one-off, said market analysts, who expect flows - both domestic and foreign - to remain volatile going ahead depending on news flow
 "FIIs revisit Indian stocks with 2025's 3rd-biggest buy; will flows sustain?")
Niva Bupa gains 2% as ICICI Securities initiates coverage, 20% upside seen
Niva Bupa's stock was quoting at ₹76.18, up 2.16 per cent on the National Stock Exchange
 "Niva Bupa gains 2% as ICICI Securities initiates coverage, 20% upside seen")
HDFC Bank hits new high, how much more can the stock rally? Find out here
Technically, the stock is placed above key moving averages, backed by a favourable price-to-moving averages action on the daily chart. On the upside, the stock can potentially zoom to ₹ 2,100 levels.
 "HDFC Bank hits new high, how much more can the stock rally? Find out here")
Smallcap fertiliser stock zooms 53% in 4 weeks on hopes of normal monsoon
In the past two days, the stock price of Paradeep Phosphates soared 16% after the India Meteorological Department (IMD) on Tuesday predicted an "above normal" monsoon in 2025.
 "Smallcap fertiliser stock zooms 53% in 4 weeks on hopes of normal monsoon")
Capacit'e Infraprojects bags ₹295-cr project, stock gains 3%; details
The company received a Letter of Acceptance (LoA) from Indus Co-operative Housing Society for a total contract value of ₹295 crore
 "Capacit'e Infraprojects bags ₹295-cr project, stock gains 3%; details")
Hospital stocks in demand; Narayana, HCG hit new high, Yatharth surges 6%
Shares of Hospital firms gained amid rising demand for specialized treatments, including oncology and high-end surgical procedures; this trend contributes to higher ARPOB and overall revenue growth.
 "Hospital stocks in demand; Narayana, HCG hit new high, Yatharth surges 6%")
Landmark Cars shares vroom 6% on posting Q4 biz update; Details here
In its Q4 business update released after market hours, the company posted a 17.31 per cent rise in the total revenue from operations to ₹1,525 crore
 "Landmark Cars shares vroom 6% on posting Q4 biz update; Details here")
Why Policybazaar, Paisabazaar parent PB Fintech stock is in demand today?
On March 20, 2024, the company's board approved the incorporation of PB Pay Private Limited to carry on the business of payment aggregator, as may be permitted by the RBI
 "Why Policybazaar, Paisabazaar parent PB Fintech stock is in demand today?")
ICICI Lombard falls 4% post Q4 results: Here's what the brokerages say
ICICI Lombard was trading at ₹1,801.90, down 1.14 per cent from Friday's close of ₹1,822.60 on the National Stock Exchange
 "ICICI Lombard falls 4% post Q4 results: Here's what the brokerages say")
IndusInd Bank up 13% in 3 days as PwC pegs lower impact in derivative biz
With the estimates by the external agency in-line with the management's announcement, it is expected to restrict any major downside, ICICI Securities said.
 "IndusInd Bank up 13% in 3 days as PwC pegs lower impact in derivative biz")
Jefferies bullish on ports; Picks JSW Infra over Adani amid tariff tensions
Jefferies noted that amid the tariff uncertainty, JSW Infra is placed better compared to Adani Ports
 "Jefferies bullish on ports; Picks JSW Infra over Adani amid tariff tensions")
Here is why Swiggy shares were buzzing in trade on Wednesday, April 16
Swiggy has signed a Memorandum of Understanding (MoU) with the Ministry of Labour & Employment as part of its overall approach to increase job creation through public-private partnership
 "Here is why Swiggy shares were buzzing in trade on Wednesday, April 16")
ICICI Prudential jumps 6% after reporting Q4FY25 results, declares dividend
The company's annual Annualised Premium Equivalent (APE) for the quarter under review stood at ₹3,502 crore as compared to ₹3,615 a year ago, down 3.1 per cent
 "ICICI Prudential jumps 6% after reporting Q4FY25 results, declares dividend")
Max India shares hit 20% upper circuit, stock up 30% in 3 days; Here's why
Max India stock rose as much as 20 per cent during the day to hit an upper circuit of ₹240.49 per share, the best intraday session since August 29, 2022
 "Max India shares hit 20% upper circuit, stock up 30% in 3 days; Here's why")
Safe-haven gold hits record high amid trade war jitters, weakening dollar
The dollar index fell 0.4 per cent against its rivals, making gold more attractive for other currency holders
 "Safe-haven gold hits record high amid trade war jitters, weakening dollar")