Page 996 - Markets News
Gold discounts in India widen as elevated prices dampen its demand
Domestic prices were trading around 72,800 rupees per 10 grams, after hitting a record high of 74,442 rupees last month
 "Gold discounts in India widen as elevated prices dampen its demand")
Mastercard-backed fintech firm Pine Labs weighs $1 bn IPO in India
The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private
 "Mastercard-backed fintech firm Pine Labs weighs $1 bn IPO in India")
HDB Financial Services to reissue Sept 2027 bonds, eyes to raise Rs 500 cr
The company will offer a yield of 8.35 per cent on this issue, and has invited bids from bankers and investors on Monday
 "HDB Financial Services to reissue Sept 2027 bonds, eyes to raise Rs 500 cr")
Stock Market Highlights, June 21: Indian bourses settle lower; Nifty holds 23,500
Stock market Highlights on Friday, June 21: On BSE, Bharti Airtel, Infosys were among the top gainers while UltraTech Cement and L&T were among the top laggards
 "Stock Market Highlights, June 21: Indian bourses settle lower; Nifty holds 23,500")
Premier Explosives stock soars 10% on turning ex-split; up 109% in 11 days
Thus far in the calendar year 2024, the stock price of Premier Explosives has zoomed 181 per cent.
 "Premier Explosives stock soars 10% on turning ex-split; up 109% in 11 days")
GE Power rallies 9% on Rs 243 cr order win from NTPC GE Power Services
The surge in stock price came after GE Power announced that it has received a letter of Intent from NTPC GE Power Services for a project worth Rs 243 crore
 "GE Power rallies 9% on Rs 243 cr order win from NTPC GE Power Services")
Railway stocks in focus; RailTel, RVNL, Texmaco, RITES zoom up to 13%
The Indian Railways' fast-track approach and the government's push for Atmanirbhar Bharat have catalysed to chart new frontiers
 "Railway stocks in focus; RailTel, RVNL, Texmaco, RITES zoom up to 13%")
DEE Engineers, Akme Fintrade's IPO bidding status on day 3; check details
DEE Development Engineers' initial public offering (IPO) was oversubscribed 12.5 times on the third day of its subscription period which began on Wednesday and ends today
 "DEE Engineers, Akme Fintrade's IPO bidding status on day 3; check details")
Why are FIIs buying bank stocks, and will this momentum sustain?
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
 "Why are FIIs buying bank stocks, and will this momentum sustain?")
Zerodha faces another tech snag; users complain for losing money in trades
Zerodha's broking platform experienced a complete freeze for a short period on June 21 causing significant issues for traders
 "Zerodha faces another tech snag; users complain for losing money in trades")
Gravita India soars 15% amid heavy volumes on healthy outlook
The stock has zoomed 72 per cent from its June 04 low; Company's management has shared an ambitious growth plan - 'Vision 2028'.
 "Gravita India soars 15% amid heavy volumes on healthy outlook")
F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days
In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.
 "F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days")
Persistent Systems shares jump 5% on Rs 10 dividend announcement
The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations
 "Persistent Systems shares jump 5% on Rs 10 dividend announcement")
After rallying to 26-mth high, Asian shares end the week with a whimper
Overnight, the Swiss National Bank cut rates for a second time while the Bank of England opened the door to an easing in August after holding rates steady
 "After rallying to 26-mth high, Asian shares end the week with a whimper")
Investors beware! Four risks that can trigger a stock market correction
The faith in the market is at epic levels and may require something equally epic to break the faith. High or even bubble valuations are irrelevant for non-institutional investors, said a KIE note
 "Investors beware! Four risks that can trigger a stock market correction")
How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.
 "How to trade IT stocks amid Nasdaq fall, rupee levels, Accenture results?")
Bajaj Consumer up 4% after board fixes July 2 as record date for buyback
The uptick in share price came after the company's board fixed July 2 as the record date for identifying equity shareholders eligible for the buyback
 "Bajaj Consumer up 4% after board fixes July 2 as record date for buyback")
IBREL hits 52-week high after 7.9 mn shares change hands in large deals
Shares of Indiabull Real Estate (IBREL) surged up to 5.1 per cent, hitting its 52-week high at Rs 162.9 per share on the NSE in Friday's early morning trade
 "IBREL hits 52-week high after 7.9 mn shares change hands in large deals")
Raymond surges 12%, hits record high; stock zooms 55% in four months
Raymond share price news: With the acquisition of Maini Precision Products Limited business, Raymond Group aims to venture into sunrise sectors of Aerospace, Defense and EV Components
 "Raymond surges 12%, hits record high; stock zooms 55% in four months")
Time Technoplast gets nod to make Type-IV composite cylinders; stock up 13%
The uptick in share price came after the company secured final nod for manufacturing of Type-IV composite cylinders for Hydrogen issued by the Government authority
 "Time Technoplast gets nod to make Type-IV composite cylinders; stock up 13%")