Page 8 - Markets News
Bernstein retains Nifty target of 26,000, flags policy-driven distortions
Brokerage says subsidies, GST cuts, external borrowings and wage revisions are shaping earnings and valuations, favouring select sectors but limiting index returns
 "Bernstein retains Nifty target of 26,000, flags policy-driven distortions")
Centre announces ₹30,000 crore govt securities buyback via auction
Buyback covers four government securities maturing between October 2026 and February 2027, with the auction to be conducted using the multiple-price method
 "Centre announces ₹30,000 crore govt securities buyback via auction")
Stock Market Close: Sensex snaps 2-day losing streak, gains 331 pts; Nifty at 24,176; IT shines
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.05 per cent and 0.2 per cent higher, respectively
 "Stock Market Close: Sensex snaps 2-day losing streak, gains 331 pts; Nifty at 24,176; IT shines")
World running short of Crude oil refined products, says Mirae Asset
US refineries are running near maximum capacity at 97.4 per cent, supported by strong export demand.
 "World running short of Crude oil refined products, says Mirae Asset")
Precision Wires India zooms 20%; stock skyrockets 196% in 1 year
In the past month, Precision Wires stock outperformed the market by soaring 38% compared to a 0.5 per cent rise in the BSE Sensex.
 "Precision Wires India zooms 20%; stock skyrockets 196% in 1 year")
Ola Electric share price surges 6% after new S1Z electric scooter launch
Ola Electric launches the S1Z, bringing its indigenous Bharat Cell LFP technology to affordable electric scooters.
 "Ola Electric share price surges 6% after new S1Z electric scooter launch")
Just Dial locked in upper circuit; stock spikes 10% in single session
Just Dial shares rose on high volume, trading at about 2.2 times the 30-day average volume. The stock also crossed its 50-day simple moving average, signalling improved near-term price momentum.
 "Just Dial locked in upper circuit; stock spikes 10% in single session")
This stock listed in August trades at 80% premium; up 37% in two days
Madhuri Kela portfolio stock: MV Electrosystems listed on August 6; the stock rallied 37% in the last two days, and skyrocketed 80% against its issue price of ₹425 per share.
 "This stock listed in August trades at 80% premium; up 37% in two days")
Sebi plans bigger institutional role in public offers by small firms
The regulator is also mulling raising the limit on the size of companies that can list on platforms dedicated to small firms and mandating larger operating profit requirements before listing
 "Sebi plans bigger institutional role in public offers by small firms")
Manipal Hospitals market cap tops ₹1 trillion; stock jumps 13% in 1 week
HSBC Global Investment Research initiated coverage on Manipal Hospitals with a 'Buy' rating and a target price of ₹1,000 per share.
 "Manipal Hospitals market cap tops ₹1 trillion; stock jumps 13% in 1 week")
Yatharth Hospital gains 6% to new high as Aster, Advent eye majority stake
Advent International and Blackstone-backed Aster DM Quality Care are in discussions to acquire a controlling stake in Yatharth Hospital.
 "Yatharth Hospital gains 6% to new high as Aster, Advent eye majority stake")
6 months of West Asia war: Market winners, losers & the road ahead
At the bourses, meanwhile, investors sought refuge in realty, pharma and the metal pack. Their respective indexes on the NSE gained up to 17 per cent thus far, ACE Equity data shows.
 "6 months of West Asia war: Market winners, losers & the road ahead")
Gold outlook hinges on Warsh speech as hawkish Fed stance may weigh
A hawkish signal from Warsh could trigger further correction in gold towards the $4,500-$4,520 support zone, although downside may remain limited ahead of next week's US nonfarm payroll data.
 "Gold outlook hinges on Warsh speech as hawkish Fed stance may weigh")
₹900 crore buyback announcement sees GE Shipping shares gain over 3%
The Great Eastern Shipping Company has announced a share buyback programme worth ₹900 crore.
 "₹900 crore buyback announcement sees GE Shipping shares gain over 3%")
Silver faces downside risk as Warsh's Jackson Hole speech looms
The US merchandise-trade deficit widened in July from $101.40 billion to $118.80 billion, the largest since early last year, as imports surged.
 "Silver faces downside risk as Warsh's Jackson Hole speech looms")
Federal-Mogul Goetze surges 10% on ₹ 94 per share dividend bounty
Federal-Mogul Goetze board on Thursday declared an interim dividend of ₹7.50 and a special dividend of ₹86.50 per equity share.
 "Federal-Mogul Goetze surges 10% on ₹ 94 per share dividend bounty")
BSE options surge 4,000% in 15 minutes shows wild swings under new CAS
A bank index put option surged nearly 4,000% before crashing to zero within 15 minutes
 "BSE options surge 4,000% in 15 minutes shows wild swings under new CAS")
Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why
IT stocks rallied on Friday after Nvidia's strong revenue forecast reinforced optimism around the artificial intelligence (AI) boom.
 "Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why")
Tech analyst flags Meesho, PolicyBazaar among 3 breakout stocks in midcaps
Amol Athawale of Kotak Securities flagged 'Ascending Triangle' and 'Symmetrical Triangle' breakouts on Meesho and PolicyBazaar weekly charts.
 "Tech analyst flags Meesho, PolicyBazaar among 3 breakout stocks in midcaps")
Block deal: Ather Energy shares jump 7% as Hero MotoCorp ups stake
Hero MotoCorp, the biggest shareholder in Bengaluru-based Ather Energy, held a 29.88 per cent stake as of August 25.
 "Block deal: Ather Energy shares jump 7% as Hero MotoCorp ups stake")