Page 874 - Markets News
Sundaram-Clayton share price up 4% after Tamil Nadu unit begins production
The shares of Sundaram-Clayton surged after the company announced that it has commissioned the commercial production of Aluminium Die Castings, effective September 5, in Tamil Nadu.
 "Sundaram-Clayton share price up 4% after Tamil Nadu unit begins production")
Nuvama ups target on Jubilant Ingrevia, retains 'buy'; check details
A likely recovery in the agrochemicals sector, combined with early progress in the diketene business shall drive margins, according to Nuvama
 "Nuvama ups target on Jubilant Ingrevia, retains 'buy'; check details")
DreamFolks shares fly 9% on launching highway dining service for travellers
The sharp uptick in the share price came after the company announced that it has launched its newest service, highway dining, for travellers.
 "DreamFolks shares fly 9% on launching highway dining service for travellers")
Baazar Style Retail makes quiet debut; lists at par versus issue price
Post listing, the stock of speciality retail company has moved higher to Rs 415.50, a 7 per cent premium over its issue price of Rs 389 per share on the BSE at 10:04 am.
 "Baazar Style Retail makes quiet debut; lists at par versus issue price")
This RK Damani-owned stock zoomed 20%; turned ex-date for 10:1 bonus
Shares of VST Industries hit a new high of Rs 486.70, as they locked in 20 per cent upper circuit on the BSE on Friday at 09:21 AM, in an otherwise a weak market.
 "This RK Damani-owned stock zoomed 20%; turned ex-date for 10:1 bonus")
VA Tech Wabag shares soar 8% after large order win worth Rs 2,700 cr
VA Tech Wabag share price scaled water supply and management company announced a large order win worth Rs 2,700 crores
 "VA Tech Wabag shares soar 8% after large order win worth Rs 2,700 cr")
Last day to bid for Mach Conferences SME IPO; check details here
Check out subscription status of Mach Conferences and Events SME IPO's, allotment, listing and other details
 "Last day to bid for Mach Conferences SME IPO; check details here")
KEC International hits all time high on new orders of Rs 1,423 cr; details
The uptick in KEC International share price came after the company announced that it has secured orders worth Rs 1,423 crore.
 "KEC International hits all time high on new orders of Rs 1,423 cr; details")
F&O Cues: Premium jumps in Nifty, Bank Nifty futures; options flag caution
Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup
 "F&O Cues: Premium jumps in Nifty, Bank Nifty futures; options flag caution")
Nuvama says 'Buy' Polycab India for 25% upside, raises target; Here's why
The brokerage, however, has maintained its 'Buy' rating on the scrip.
 "Nuvama says 'Buy' Polycab India for 25% upside, raises target; Here's why")
Parliament's Public Accounts Committee likely to summon Sebi chief Buch
The PAC will probe the allegations against the Sebi chief and also ask her and other officials from the ministries of finance and corporate affairs to appear before the committee
 "Parliament's Public Accounts Committee likely to summon Sebi chief Buch")
Stocks to Watch, Sep 6: Glenmark Pharma, Godfrey, Max Fin Svcs, Pidilite
Indian benchmark indices were likley headed for a slow start on Friday, weighed down by global cues as investors awaited crucial jobs and payroll data in the US
 "Stocks to Watch, Sep 6: Glenmark Pharma, Godfrey, Max Fin Svcs, Pidilite")
Share Market Today: RIL nod for bonus, US jobs data, Bazaar Style IPO eyed
Share Market Today: US payroll data for August will decide the quantum of the upcoming rate cut. That apart, RIL's bonus approval, and Bazaar Style IPO listing will be on investors' radar
 "Share Market Today: RIL nod for bonus, US jobs data, Bazaar Style IPO eyed")
Nandish Shah of HDFC Sec recommends 'Bull Spread' strategy on M&M Finance
Long build up is seen in the M&M Finance futures during the September series till now where we have seen 7 per cent rise in 'Open' interest with price rising by 5 per cent
India becomes top weight in MSCI EM Index, surpassing China for first time
Weightage almost 70 bps higher than China
 "India becomes top weight in MSCI EM Index, surpassing China for first time")
Growth and credit cost concerns mar microfinance sector prospects
The rapid growth in AUM in the last two years may have led to potential over-leverage by borrowers
 "Growth and credit cost concerns mar microfinance sector prospects")
Adani Group in talks with global banks to sell $1.5 billion of dollar bonds
Proceeds would be used to refinance project debt, according to people familiar with the plans, who requested anonymity to discuss private details
 "Adani Group in talks with global banks to sell $1.5 billion of dollar bonds")
Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit
RLL's stock locked in lower circuit of 5 per cent at Rs 2,869, after listing at Rs 3,020 on the National Stock Exchange on Thursday.
 "Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit")
Sebi sets up new expert group of 22 members on listing obligations
Committee headed by former RBI deputy governor will advice regulator on corporate governance, harmonisation of listing and post-listing obligations
 "Sebi sets up new expert group of 22 members on listing obligations")
Demat accounts hit fresh high in August, surpass 171 million mark
Despite market volatility, 4.2 mn accounts added in Aug
 "Demat accounts hit fresh high in August, surpass 171 million mark")