Page 621 - Markets News
RailTel share rises 3% on Rs 288 crore-order win from East Central Railway
The uptick in the Railtel share price came after the company announced that it has secured an order worth Rs 288 crore from East Central Railway
 "RailTel share rises 3% on Rs 288 crore-order win from East Central Railway")
Sensex, Nifty technically oversold, await relief rally; track weekly levels
Stock Market outlook this week: Here's a trading guide with key levels to track on the BSE Sensex and the NSE Nifty for the week February 24 - February 28, 2025.
 "Sensex, Nifty technically oversold, await relief rally; track weekly levels")
Swasth Foodtech IPO ends today; check subscription data, GMP, listing date
As the subscription window closes today, the basis of allotment of Swasth Foodtech India IPO shares is expected to be finalised on Thursday, February 25, 2025
 "Swasth Foodtech IPO ends today; check subscription data, GMP, listing date")
Shriram Finance, Himadri Speciality: Osho Krishan picks stocks to buy today
Stocks to Buy Today, Feb 24: Currently, Shriram Finace share is hovering near the cluster of its EMAs and 200-DSMA
 "Shriram Finance, Himadri Speciality: Osho Krishan picks stocks to buy today")
Stocks to Watch, Feb 24: Britannia, BPCL, Mannapuram Fin, HCG, Jagsonpal
Share market today: Britannia and BPCL have been removed from Nifty 50 and Jio Financial Services and Zomato have been added to the index, with changes taking effect from March 28
 "Stocks to Watch, Feb 24: Britannia, BPCL, Mannapuram Fin, HCG, Jagsonpal")
Market Today: GIFT Nifty, Nifty rebalancing, FII, Nasdaq, Quality Power IPO
At 7:06 AM, GIFT Nifty Futures were trading 139 points lower at 22,684, hinting at a gap-down start for the bourses
 "Market Today: GIFT Nifty, Nifty rebalancing, FII, Nasdaq, Quality Power IPO")
MFIs bleed in December quarter as provisions, write-offs balloon
The provisions and write-offs of these MFIs jumped to Rs 2,357 crore in Q3fy25 from Rs 378.1 crore a year ago
 "MFIs bleed in December quarter as provisions, write-offs balloon")
Street signs: Nifty on the brink, IPOs in deep freeze, and double jeopardy
Uncertainty around initial public offerings (IPOs) persists as selling pressure in the secondary market continues
 "Street signs: Nifty on the brink, IPOs in deep freeze, and double jeopardy")
Epicentre of change: Nifty indices rebalance to set the ground moving
NSE Indices announced on Friday the removal of Britannia and Bharat Petroleum Corporation from the flagship Nifty 50 index
 "Epicentre of change: Nifty indices rebalance to set the ground moving")
Paint companies' stocks struggle to hold their colour amid growth fade
GLOSS OVER: No fresh coat of optimism from brokerages as demand stays patchy
 "Paint companies' stocks struggle to hold their colour amid growth fade")
Sebi considers expanding eligibility for qualified institutional buyer
Angel Funds, a type of venture capital fund, mobilize money from investors to support startups
 "Sebi considers expanding eligibility for qualified institutional buyer")
Rising temp to increase default risk probability in 30% of agri loans: Rpt
Almost half of the credit of scheduled commercial banks is significantly dependent on nature and its ecosystem so any natural calamity impacts their bottomline
 "Rising temp to increase default risk probability in 30% of agri loans: Rpt")
FPIs withdraw Rs 23,710 cr in Feb; total outflow at Rs 1 trn in 2025
According to the data with the depositories, Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 23,710 crore from Indian equities so far this month (till February 21)
 "FPIs withdraw Rs 23,710 cr in Feb; total outflow at Rs 1 trn in 2025")
Mcap of 8 of top-10 most valued firms erodes Rs 1.65 trn; TCS hit hard
Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points, or 0.58 per cent
 "Mcap of 8 of top-10 most valued firms erodes Rs 1.65 trn; TCS hit hard")
Sebi slaps Rs 10 lakh penalty on Axis Securities for violating stock rules
In an 82-page order, Sebi found that Axis Securities failed to follow regulatory procedures in several areas, including reporting discrepancies and improper handling of client funds
 "Sebi slaps Rs 10 lakh penalty on Axis Securities for violating stock rules")
Religare shares surges 18.9% following Burman family becoming promoter
After the open offer, the shareholding of Burman family increased to 25.16 per cent, making it the largest shareholder and promoter of the company
 "Religare shares surges 18.9% following Burman family becoming promoter")
BlackRock Veteran Swaminathan to lead its venture with Jio Financial
London-based Swaminathan, a 20-year veteran at the world's largest asset manager, is joining Jio BlackRock Asset Management as the money manager
 "BlackRock Veteran Swaminathan to lead its venture with Jio Financial")
SBI Mutual Fund buys shares of Alkem Laboratories for Rs 300 crore
SBI Mutual Fund on Friday bought additional shares of pharmaceutical company Alkem Laboratories for Rs 300 crore through an open market transaction.
 "SBI Mutual Fund buys shares of Alkem Laboratories for Rs 300 crore")
Financial services, FMCG stocks most sold by FPIs in February, shows data
Financial services stocks bore the brunt of the selloff, with net selling amounting to Rs 5,344 crore
 "Financial services, FMCG stocks most sold by FPIs in February, shows data")
India ranked second-least favoured in Asia Pacific, says BofA survey
Japan remains the clear favourite in the region, followed by Taiwan
 "India ranked second-least favoured in Asia Pacific, says BofA survey")