Page 864 - Markets News
Market today: Dow, S&P500 at record high, Israel war, Manba IPO last day
Dow Jones and S&P 500 closed at record highs with a surge in mining stocks, buoyed by China's stimulus package
 "Market today: Dow, S&P500 at record high, Israel war, Manba IPO last day")
Stocks To Watch: Infosys, Car Trade, SBI, Vadilal, NBCC, TVS Holdings
Stocks to Watch: The finance ministry may amend its circular to provide relief to Infosys regarding a Rs 30,000 crore GST demand.
 "Stocks To Watch: Infosys, Car Trade, SBI, Vadilal, NBCC, TVS Holdings")
Nifty Bank in overbought zone; Pvt Bank on the cusp of breakout; details
The Nifty Bank Index has entered the overbought zone according to technical indicators, signalling a potential near-term correction.
 "Nifty Bank in overbought zone; Pvt Bank on the cusp of breakout; details")
Sebi probes six local investment banks over handling of small IPOs
The investigations follow efforts by Sebi to warn investors about the dangers of investing in some small businesses as well as plans for tighter rules for such IPOS
 "Sebi probes six local investment banks over handling of small IPOs")
Sebi mandates UPI payment for public issue applications of debt securities
Last week, Sebi amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers
 "Sebi mandates UPI payment for public issue applications of debt securities")
New milestone: Sensex scales 85K and Nifty tops 26K, then retreat
The 30-share Sensex peaked at 85,163 but closed slightly lower at 84,914, down 14.57 points, or 0.02 per cent, from the previous day
 "New milestone: Sensex scales 85K and Nifty tops 26K, then retreat")
New asset class may take wing; decision likely at Sebi meeting on Sep 30
Board meeting on Sep 30, first since conflict of interest allegations against chairperson
 "New asset class may take wing; decision likely at Sebi meeting on Sep 30")
Sebi simplifies process of registration for certain FPI categories
In case of onboarding applicants belonging to certain categories, Sebi has proposed an abridged version of CAF having only those fields that are unique to such applicants should be used
Gold prices hit record high over West Asia tensions, US Fed rate cut
Gold has risen 28% so far in 2024, as fears of an all-out war in the West Asia escalated
 "Gold prices hit record high over West Asia tensions, US Fed rate cut")
Glittering returns: Gold outshines equities in a falling-rate environment
Asset prices rally as US bond yields plunge, signalling a global rate reversal
 "Glittering returns: Gold outshines equities in a falling-rate environment")
IEX tanks 12% on reports of govt's plan to implement market coupling
IEX doesn't see any merit in market coupling for power exchanges and believes that there will be more complexities in its implementation, than gains.
 "IEX tanks 12% on reports of govt's plan to implement market coupling")
NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO
State-owned power generator also seeking leeway on certain listing regulations
 "NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO")
Sebi issues performance evaluation guidelines for market infra institutions
The first independent evaluation will cover the financial year 2024-25, with the report due by September 30, 2025, subsequent evaluations will follow every three years
 "Sebi issues performance evaluation guidelines for market infra institutions")
Market Close Highlights, Sept 24: Markets muted after record; Sensex red at 84,900, Nifty at 25,950
Stock Market LIVE Updates: Indian equity benchmark indices pared their gains from the fresh all-time highs they touched late on Tuesday to close on a mixed note.
GM Power freezes in 5% upper circuit, hits record high; Check details here
Brokerage firm Emkay cited GMR Power and Urban Infra's improving debt metrics and core thermal assets nearing optimal performance as reasons to go bullish on the stock
 "GM Power freezes in 5% upper circuit, hits record high; Check details here")
Slower deposit growth pushing banks towards fund raising from bonds: ICRA
It said banks' advances to the infrastructure sector are estimated at Rs 13-14 lakh crore as on June 30, 2024, of which the PSBs have a lion's share of around 75 per cent
 "Slower deposit growth pushing banks towards fund raising from bonds: ICRA")
JTL Industries jumps over 9% as board to mull on stock split, bonus shares
Shares of JTL Industries Industries soared up to 9.50 per cent at Rs 240 per share on the BSE in Tuesday's intraday trade
 "JTL Industries jumps over 9% as board to mull on stock split, bonus shares")
Northern Arc Capital makes stellar debut, lists at 33% premium on BSE, NSE
Northern Arc Capital shares listed at Rs 351 on the BSE, reflecting a premium of 33.40 per cent against the issue price of Rs 263
Balu Forge Industries shares jump 11%, hit all time high; here's why
Shares of Balu Forge Industries soared up to 11.37 per cent, hitting their lifetime high at Rs 890 per share on the BSE in Tuesday's intraday trade
 "Balu Forge Industries shares jump 11%, hit all time high; here's why")
Neogen Chemicals shares jump 6% after Axis Capital initiates coverage
Neogen Chemicals share price zoomed up to 6.06 per cent at Rs 2,345 per share intraday on the BSE
 "Neogen Chemicals shares jump 6% after Axis Capital initiates coverage")