Page 731 - Markets News
Dhanlaxmi Bank share price up 5%; here's what's boosting rally in stock
The right issue price set by the board stands at Rs 21 per rights share. The record date for the issue is set as Friday, December 27, 2024
 "Dhanlaxmi Bank share price up 5%; here's what's boosting rally in stock")
Motilal Oswal initiates coverage on Anant Raj with 'Buy'; share hits record
The rise in Anant Raj share price came after domestic brokerage Motilal Oswal Financial Services (MOFSL) initiated coverage with 'Buy' for a target price of Rs 1,100, reflecting an upside of 31%
 "Motilal Oswal initiates coverage on Anant Raj with 'Buy'; share hits record")
Ventive Hospitality IPO opens; check GMP, recommendation and other details
Ventive Hospitality's public offering is available at a price band of Rs 610 to Rs 643 per share, with a lot size of 23 shares
 "Ventive Hospitality IPO opens; check GMP, recommendation and other details")
Bumper debut! Hamps Bio lists at 90% premium, hits upper circuit later
After listing, the Hamps Bio shares gained an additional 5 per cent, surging 99.49 per cent from the issue price to reach the upper circuit of Rs 101.74 apiece on the BSE SME
 "Bumper debut! Hamps Bio lists at 90% premium, hits upper circuit later")
International Gemmological Institute shares list at 22% premium on bourses
On the National Stock Exchange (NSE), IGI shares listed at Rs 510, reflecting a premium of 22.30 per cent per share against the issue price of Rs 417
Carraro India IPO opens today: Check GMP, price band; Should you subscribe?
Carraro India IPO opens today, December 20, 2024, and is set to close for subscription on December 24, 2024. Check issue size, price band, lot size, GMP, review, and other key details here
 "Carraro India IPO opens today: Check GMP, price band; Should you subscribe?")
Silver prices: White metal slips over 5% in 2 days; check trading strategy
Silver price today: Outlook for Silver remains weak, but it is looking somewhat oversold currently; hence, caution is warranted in selling
 "Silver prices: White metal slips over 5% in 2 days; check trading strategy")
BASF jumps 8% after board approves demerger, listing of agricultural biz
Earlier, the company had informed the stock exchanges that globally BASF SE will complete the legal and Enterprise Resource Planning (ERP) separation of the agricultural aolution business by 2027
 "BASF jumps 8% after board approves demerger, listing of agricultural biz")
Sagility India soars 5%, hits record high as Jefferies initiates with 'Buy'
The uptick in Sagility India share price was fuelled after New York, US-based brokerage firm Jefferies initiated coverage with 'Buy' on Sagility India, with a target price of Rs 52 per share
 "Sagility India soars 5%, hits record high as Jefferies initiates with 'Buy'")
Gold prices to remain under pressure in near-term; check key levels
Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)
 "Gold prices to remain under pressure in near-term; check key levels")
Sunflag Iron hits new high on healthy outlook; stock zooms 58% in one month
The company has received approvals from multiple marquee customers in the aerospace and defence sector for its super alloy-plant commissioned in FY22
 "Sunflag Iron hits new high on healthy outlook; stock zooms 58% in one month")
Uno Minda gains 4% after NCLT approves merger of 3 entities with company
Kosei Minda Aluminum Company, Kosei Minda Mould, and Minda Kosei Aluminum Wheel will merge with Uno Minda
 "Uno Minda gains 4% after NCLT approves merger of 3 entities with company")
Why battery maker Amara Raja Energy's shares gained over 4%; details here
Shares of Amara Raja Energy & Mobility gained up to 4.3 per cent at Rs 1,273.75 per share on the BSE in Friday's early morning deals
 "Why battery maker Amara Raja Energy's shares gained over 4%; details here")
Senores Pharmaceuticals IPO opens today: GMP up 38%; Should you apply?
Senores Pharma IPO opens today, December 20, 2024, and closes for subscription on December 24, 2024. Check issue size, price band, lot size, GMP, reviews, and other key details here
 "Senores Pharmaceuticals IPO opens today: GMP up 38%; Should you apply?")
KPI Green Energy announces ex-date for bonus issue; stock jumps 5%
Shares of KPI Green Energy rallied up to 4.80 per cent at Rs 800 per share on the BSE in Friday's early morning deals
 "KPI Green Energy announces ex-date for bonus issue; stock jumps 5%")
Nandish Shah of HDFC Securities suggest 'bull spread' on Torrent Pharma
A long build-up is seen in the Torrent Pharma Futures, where we have seen an 18 per cent rise in the open interest with prices rising by 2.5 per cent
 "Nandish Shah of HDFC Securities suggest 'bull spread' on Torrent Pharma")
Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks
Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities
 "Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks")
Banner year beckons again for India after $19 billion IPO record this year
Vishal Mega Mart Ltd.'s trading debut Wednesday underscored this insatiable appetite for IPOs - shares of the retailer surged more than 40 per cent. The feeding frenzy is set to roll into 2025
 "Banner year beckons again for India after $19 billion IPO record this year")
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Rates now are expected to bottom out at 3.9 per cent by the end of next year, much higher than just a few months ago
 "Asian shares pinned near three-month lows, dollar towers at 2-yr peak")
India, Australia brighten share sales' prospects for 2025 in Asia Pacific
The Indian exchange accounted for 16.8 per cent of global market share for IPOs, outranking the New York Stock Exchange and Nasdaq, the data showed
 "India, Australia brighten share sales' prospects for 2025 in Asia Pacific")