Page 885 - Markets News

GMP zooms 33%! Should you bid for Baazar Style Retail IPO on opening day?

Several brokerages, including Geojit, Deven Choksey Research, and Swastika Investmart, have reviewed the Bazaar Style Retail IPO, and shared their outlook for investors

Why brokerages are bullish on IT stocks going ahead? Check details here

"Indian IT services growth would continue to outpace the global market and other key geographies materially," said Prabhudas Lilladher

Patel Engineering stock rises 6% after inking MoU with Rail Vikas Nigam

The rise in Patel Engineering share price came after the company said that it has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL), a state-owned railway company.

Sugar stocks rally up to 13% as Govt lifts diversion cap for ethanol prod

sugar mills and distilleries can produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses, as well as C-Heavy molasses, during ESY2024-25 as per their agreements with oil marketing companies

ITI bags EVM order from West Bengal State Election Commission; stock up 5%

Under the terms of order, ITI will be responsible for the supply of 500 sets of Electronic Voting Machines, the company said.

India bond yields may inch higher as markets await weekly debt auction

The benchmark 10-year yield is likely to move between 6.85 per cent and 6.89 per cent till the debt auction

F&O Insights: FIIs long-short ratio at 5:2; retail traders build shorts

Derivative market update for Fri, Aug 30: FIIs long-short ratio in index futures (mainly Nifty) rose to 2.3:1, implying nearly 5 long bets for every 2 shorts. Retail traders hold 3 shorts for 2 longs.

Nuvama raises HCLTech target price to Rs 2,020; says Gen AI to drive growth

The company's management anticipates double-digit growth for the industry over the next five years, including for HCLTech.

Dividend, Right Issue, Buyback: OIL, PFC, 31 more stocks turn ex-date today

Companies declare the beneficiaries of dividends, bonus shares, or buyback offers based on the list of investors recorded by the end of record date. Here is the list of stocks to trade ex-date today

Stocks to watch: NTPC, IndiGo, Shipping Corp, LIC, SpiceJet, Sugar Cos

Promoter entity of Interglobe Aviation, The Chinkerpoo Family Trust sold a 5.24 per cent stake in IndiGo, for a total of Rs 9,549 crore.

Stock market today: RIL GDR up 3%, India Q2 GDP, Baazar Style IPO on radar

Stock market today: Indian equities are expected to open flat; India's Q2 GDP, Dow Jones hitting life high, Baazar Style IPO on radar

Nandish Shah of HDFC Securities recommends Bull Spread on Nifty; details

Buy Nifty (September 5 Expiry) 25,200 Call at Rs 140 & simultaneously sell 25,500 Call at Rs 30.

Nifty FMCG shows signs of near term correction; check key levels here

Support levels are crucial in this corrective phase, and for the Nifty FMCG Index, key support levels are identified at 61,180 and 59,500.

Pricing weakness likely to weigh on Indian steel companies stocks

In Q1FY25, Tata Steel and JSW Steel posted flat operating profit margins as higher volumes and lower input prices compensated for low steel prices

RIL boosts shares to record, Nifty logs longest gaining streak in 17 yrs

The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing levels

Sebi proposes mandatory maintenance of communication record for eight yrs

The move is aimed at improving regulatory compliance, increase transparency, protect investors' interest and boost their confidence in the securities market

FPIs may get funds on day of settlement from October, says Sebi WTM

Rs 1 trillion float lying with custodians may reduce with faster remittance

Defence stocks tumble up to 27% since Budget presentation; time to buy?

"A correction was needed in defence stocks as they were overvalued after the Interim Budget amid high expectations from the Budget," said Palka Arora Chopra, director of Master Capital Services

RBI allows foreign investors in IFSC to invest in sovereign green bonds

At present, foreign portfolio investors (FPIs) registered with Sebi are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities

In first address after Hindenburg, Sebi chair urges 'trust, compliance'

Puri Buch declined to address the allegations or the questions surrounding her ownership in consultancy firms on the sidelines of the event