Page 896 - Markets News
Nifty records fresh high after longest winning streak in four years
The index rose to 25,130 intraday before giving up some of the gains to end the session at 25,052, with a gain of 35 points, or 0.14 per cent, its longest winning streak since September-October 2020
 "Nifty records fresh high after longest winning streak in four years")
Sebi proposes overhaul of investment banking norms amid boom in ECM
10x hike in net worth; more clarity on roles, responsibilities
 "Sebi proposes overhaul of investment banking norms amid boom in ECM")
Sebi proposes mandatory UPI block secondary market for larger brokers
Under the block mechanism, the amount is not deducted from the bank account unless the transaction takes place
 "Sebi proposes mandatory UPI block secondary market for larger brokers")
Sebi seeks RBI support to boost participation in corporate bond repo market
Market players said that ARCL is not classified as a Qualified Central Counterparty (QCCP), which restricts participation from banks and PDs
 "Sebi seeks RBI support to boost participation in corporate bond repo market")
Sebi cautions against 'unrealistic picture' painted by SME promoters
Cites recent findings on promoter misconduct and fictitious transactions to inflate price
 "Sebi cautions against 'unrealistic picture' painted by SME promoters")
HC orders Sebi, NSE, BSE to pay Rs 80 lakh for illegal demat a/c freezing
Court termed freezing a classic example of "high-handed and reckless" action
 "HC orders Sebi, NSE, BSE to pay Rs 80 lakh for illegal demat a/c freezing")
Sebi cautions investors against SME companies doing price manipulation
The actions create a positive sentiment amongst investors, which induces them to purchase such securities
Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads
Stock Market Highlights on Aug 28, 2024: As many as 29 out of 50 listed stocks of Nifty50 ended in the red, dragged by Adani Enterprises, Asian Paints, and Maruti Suzuki India
 "Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads")
How to trade Reliance stock ahead of its AGM on Aug 29? Key levels here
Technical Outlook on RIL ahead of Thursday's AGM: Reliance stock can potentially surge to Rs 3,405 on the upside, suggests chart. Key support for the stock stands at Rs 2,975.
 "How to trade Reliance stock ahead of its AGM on Aug 29? Key levels here")
Trent rallies 7%, hits new high; stock zooms 41% in 15 trading days
Trent share price hit a new high of Rs 7,325 in the intraday trade, zooming 261% in the past 10 months
 "Trent rallies 7%, hits new high; stock zooms 41% in 15 trading days")
IT stocks: LTIM, Wipro, LTTS, Mphasis soared up to 8% today; here's why
Among individual information technology stocks, LTIMindtree led the charts, soaring 7.76 per cent intraday at Rs 6,198 per share on the NSE
 "IT stocks: LTIM, Wipro, LTTS, Mphasis soared up to 8% today; here's why")
Stocks to Watch, Aug 26: Adani Power, KEC Int'l, JFS, FDC, Dr Reddy's
Stocks to watch on August 26: GQG Partners Emerging Markets Equity Fund purchased a 0.69 per cent stake in Ambuja Cement via a bulk deal
 "Stocks to Watch, Aug 26: Adani Power, KEC Int'l, JFS, FDC, Dr Reddy's")
JBM Auto climbs 6% on signing pact with LeafyBus to supply 200 e-buses
The rise in JBM Auto share price came after its subsidiary JBM Electric Vehicles inked a pact with LeafyBus to supply 200 electric intercity luxury buses.
 "JBM Auto climbs 6% on signing pact with LeafyBus to supply 200 e-buses")
CLSA maintains 'Outperform' on IndusInd Bank, says report; shares gain 3%
The northward move came after global brokerage firm CLSA maintained its "Outperform" rating on IndusInd Bank's stock with a target price of Rs 1,800
 "CLSA maintains 'Outperform' on IndusInd Bank, says report; shares gain 3%")
Agro-chemical stock soars 17% on buyback plan; zooms 128% from June low
Insecticides (India): Board of directors of the company is scheduled to be held on Friday, August 30, 2024, to consider the proposal for buyback
 "Agro-chemical stock soars 17% on buyback plan; zooms 128% from June low")
DCX Systems stock price soars 4% on bagging order worth Rs 187 crore
The surge in DCX Systems share price came after the company announced that it has secured an order worth Rs 187.29 crore from an overseas customer.
 "DCX Systems stock price soars 4% on bagging order worth Rs 187 crore")
Sebi bans Rana Sugars' promoters from mkt for 2 yrs; imposes Rs 63 cr fine
Individually, Sebi imposed penalties in the range of Rs 3 crore to 7 crore on Rana Sugars, its promoters, and other related entities
NBCC shares climb over 8%; here's what's driving the Navratna stock
BSE analysts reflect that this Navratna stock has yielded a multibagger return year-to-date with a rally of 129.98 per cent
SME stock hits 12th straight upper circuit; up 4x over IPO price in 12 days
Shares of Afcom Holdings were locked in 10-per cent upper circuit for the 12th straight trading day, at Rs 444.40 on the BSE in Wednesday's intraday trade. The stock had surged 99% on its listing day.
 "SME stock hits 12th straight upper circuit; up 4x over IPO price in 12 days")
Infosys hits 52-week high, rises 5% in three days; stock nears record high
Infosys share price has rallied 5 per cent in the past three trading days. The stock has surpassed its previous high of Rs 1,903 touched on July 29, 2024
 "Infosys hits 52-week high, rises 5% in three days; stock nears record high")