Page 822 - Markets News
This recently listed stock has zoomed 98% against issue price in 2 weeks
Shares of Diffusion Engineers surged 12% to Rs 333.20 on the BSE in Friday's intra-day trade, and have zoomed 98% against its issue price of Rs 168 per share.
 "This recently listed stock has zoomed 98% against issue price in 2 weeks")
Here's why Western Carriers share price gained 4% on October 18, details
Western Carriers share price rose after the company announced that it has been selected as the sole supply chain partner for in-plant logistics & container rake transportation from Tata Steel Limited
 "Here's why Western Carriers share price gained 4% on October 18, details")
Trading strategy ahead of Samvat 2081: Buy the dips, Sell the rallies
Financials, IT, Energy and Auto sectors account for over 52% weightage on the Nifty 50 index; here's how the Bank Nifty, IT, Energy and Auto indices are placed on the charts, and likely trend ahead.
 "Trading strategy ahead of Samvat 2081: Buy the dips, Sell the rallies")
Gold may continue to trade with positive bias; Buying dips best strategy
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
 "Gold may continue to trade with positive bias; Buying dips best strategy")
Silver may get dragged down with industrial metals; Dip buying preferred
Silver is expected to trade with a positive bias in near-term on the US presidential election uncertainties, healthy ETF inflows, and strong demand in India amid geopolitical tensions
 "Silver may get dragged down with industrial metals; Dip buying preferred")
Mazagon Dock up 7% as co to consider stock split, dividend on October 22
The uptick in the share price came after the company announced that the board of directors will meet on October 22 to consider stock-split and declaration of interim dividend for the financial year 20
 "Mazagon Dock up 7% as co to consider stock split, dividend on October 22")
Infosys share price slips 4.5% despite raising FY25 guidance; here's why
The IT major's net profit soared 2.2 per cent quarter-on-quarter (Q-o-Q) to Rs 6,506 crore in the September quarter of FY25, from Rs 6,368 crore in the June quarter of FY25 (Q1FY25).
 "Infosys share price slips 4.5% despite raising FY25 guidance; here's why")
MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?
APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL
 "MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?")
Ceat skids 6% after reporting 41% decline in Q2 net profit; Details here
Ceat reported a decline of 41.4 per cent in consolidated net profit, at Rs 121.88 crore for the September quarter, compared to Rs 208 crore, a year ago
 "Ceat skids 6% after reporting 41% decline in Q2 net profit; Details here")
Wipro shares gain 5% as Q2 results beat expectations; brokerages divided
In Q2FY25, Wipro reported a consolidated profit attributable to owners of Rs 3,208.8 crore, marking a 6.85 per cent increase quarter-on-quarter (Q-o-Q) from Rs 3,003.2 crore in Q1FY25.
 "Wipro shares gain 5% as Q2 results beat expectations; brokerages divided")
Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data
F&O market update Oct 18: The Nifty options data suggests likely resistance for the index near 24,800 - 25,000, and support between 24,500 - 24,700; says Dupesh Dhameja of SAMCO Securities.
 "Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data")
Hyundai Motor India IPO allotment: Check status; GMP shows weak listing
Hyundai Motor IPO Allotment: Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960
 "Hyundai Motor India IPO allotment: Check status; GMP shows weak listing")
Stocks To Watch: IT stocks, Axis Bank, Bharat Forge, Zomato, CEAT, Tata cos
Stock Market Today: Infosys has raised its sales forecast for FY25 to 3.75-4.5 per cent, reflecting a revival in demand, particularly in banking and financial services.
 "Stocks To Watch: IT stocks, Axis Bank, Bharat Forge, Zomato, CEAT, Tata cos")
Market Today: GIFT Nifty sinks, Q2 results, Sinwar killed, Gold tops $2,700
At 6:30 AM, GIFT Nifty Futures were trading about 103 points lower at 24,741, suggesting a gap-down start for Indian markets.
 "Market Today: GIFT Nifty sinks, Q2 results, Sinwar killed, Gold tops $2,700")
Nandish Shah of HDFC Sec suggests 'Bear Spread' strategy on Bank Nifty
Short build up is seen in the Bank Nifty Futures, where we have seen 6 per cent rise in the open interest with Bank Nifty falling by 1 per cent.
 "Nandish Shah of HDFC Sec suggests 'Bear Spread' strategy on Bank Nifty")
Nifty Metal, FMCG approaching key support levels; trading strategy here
The Nifty Metal Index has been experiencing a downward trend in the near term, as indicated by the recent sharp correction.
QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x
The IPO received bids for 236 million shares, worth Rs 46,320 crore, as against 99.77 million on offer
 "QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x")
Softening rates spur overseas bond issuances of Indian companies
High demand, lower costs drive global fundraising surge
 "Softening rates spur overseas bond issuances of Indian companies")
Heavy buying: Record FPI outflows cross $8.5 bn this month, shows data
Previously, record high DII flows for a calendar year were in 2022 when they had pumped in Rs 2.8 trillion, of which Rs 1.86 trillion came from MFs
 "Heavy buying: Record FPI outflows cross $8.5 bn this month, shows data")
FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts
At Rs 71,441 cr, outflows worst-ever for a calendar month
 "FPI selling pulls indices down for 3rd straight day; Sensex falls 495 pts")