Page 745 - Markets News
Axis Securities settles front-running case with Sebi; pays Rs 14.62 lakh
It was alleged that as a stock broker, Axis Securities failed to exercise appropriate due diligence in the matter in its dealer and branch manager compliance policy
 "Axis Securities settles front-running case with Sebi; pays Rs 14.62 lakh")
Kotak AMC set to enter AIF space; to launch Rs 2,000 cr private credit fund
Joins other fund houses that have already forayed into AIF space amid growing investor interest
 "Kotak AMC set to enter AIF space; to launch Rs 2,000 cr private credit fund")
Share markets rise on expectations of CRR cut by RBI later this week
The NSE Nifty 50 climbed 0.32 per cent to 24,534.65 points, as of 11:02 a.m. IST, while the BSE Sensex gained 0.37 per cent to 81,145.54
 "Share markets rise on expectations of CRR cut by RBI later this week")
Stock Market Close Highlights: Sensex extends rally, rises 111 pts led by HDFC Bank; Nifty ends flat
Market Highlights: The BSE Sensex has now gained around 1,900 points in the last four trading sessions; Bajaj Finserv, NTPC and Titan were the other top gainers among the Sensex 30 shares on Wednesday
 "Stock Market Close Highlights: Sensex extends rally, rises 111 pts led by HDFC Bank; Nifty ends flat")
Ganesh Infraworld IPO allotment: Check status, GMP, expected listing price
Ganesh Infraworld IPO allotment today: Check the latest updates on the IPO allotment status, grey market premium (GMP), and expected listing gain
 "Ganesh Infraworld IPO allotment: Check status, GMP, expected listing price")
Alembic Pharma gets tentative USFDA nod for Olopatadine drug; stock up 2%
Alembic has a cumulative total of 219 ANDA approvals (192 final approvals and 27 tentative approvals) from the USFDA
 "Alembic Pharma gets tentative USFDA nod for Olopatadine drug; stock up 2%")
Star Cement soars 14% on heavy volumes; stock rallies 26% in one week
Elara Capital believes Star Cement is well placed to report healthy performance from hereon led by healthy volume growth due to ramp-up of recently added capacity and completion of ongoing project.
 "Star Cement soars 14% on heavy volumes; stock rallies 26% in one week")
This fintech company zoomed over 150% thus far in CY2024; hits new high
Shares of PB Fintech, which owns online financial services platform, PolicyBazaar hit a new high at Rs 2,017, as they rallied 5 per cent on the BSE in Wednesday's intra-day trade.
 "This fintech company zoomed over 150% thus far in CY2024; hits new high")
Wonderla zooms 15% on launching QIP at floor price of Rs 829.74 per share
The company's board fixed the QIP's floor price at Rs 829.74 per share which translated to a premium of 0.22 per cent on the previous close
 "Wonderla zooms 15% on launching QIP at floor price of Rs 829.74 per share")
BOI up 3% after reports suggest bank plans to raise additional Rs 5,000 cr
In the last week of November, BOI raised Rs 5,000 crore through a 10-year infrastructure bond issuance at a coupon rate of 7.41 per cent
 "BOI up 3% after reports suggest bank plans to raise additional Rs 5,000 cr")
UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging
Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent
 "UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging")
Suraksha Diagnostic IPO allotment: Check status, GMP, likely listing gain
Once the allotment is finalised, investors can check the allotment status by visiting the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue
 "Suraksha Diagnostic IPO allotment: Check status, GMP, likely listing gain")
Suzlon sizzles: Shares gain over 4% on project deal with Jindal Renewables
The uptick in Suzlon's share price followed the news that the company and Jindal Renewables have expanded their partnership with an additional 302.4 MW wind project
 "Suzlon sizzles: Shares gain over 4% on project deal with Jindal Renewables")
China impact? HEG stock nears 5-year high, zooms 30% in 2 days
As per media sources, China has announced that it will implement stricter end-user and end-use reviews for graphite exports to the US.
 "China impact? HEG stock nears 5-year high, zooms 30% in 2 days")
Newgen Software shares zoom 9% after accepting purchase order from RBI
On November 28, 2024, the company announced that it had received a purchase order from RBI to implement and maintain Regulatory Application Management System (RAMS)
 "Newgen Software shares zoom 9% after accepting purchase order from RBI")
Honasa Consumer stock hits 10% upper circuit after co-founder ups stake
According to reports, promoter Varun Alagh increased his stake in the company to 31.93 per cent.
 "Honasa Consumer stock hits 10% upper circuit after co-founder ups stake")
Niva Bupa rallies 27% in 2 days on buzz of lower GST on insurance premiums
The company said it has not received any official communication from any government authority or department regarding the change of GST rates on life and health insurance premiums
 "Niva Bupa rallies 27% in 2 days on buzz of lower GST on insurance premiums")
RVNL gains 3% after bagging Rs 18-crore order from East Central Railway
"It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Acceptance from East Central Railway," the filing read
 "RVNL gains 3% after bagging Rs 18-crore order from East Central Railway")
Abha Power & Steel IPO listing: Stock hits lower circuit post decent debut
Within less than 20 minutes of listing, the company's stock dropped 5 per cent from the listing price to Rs 77.80, hitting the lower circuit on the exchange
Chandan Taparia of MOFSL recommends 'Buy' on these three stocks today
The price has breached out of a consolidation zone and has given its highest daily close ever.
 "Chandan Taparia of MOFSL recommends 'Buy' on these three stocks today")