Page 998 - Markets News
Fertiliser shares extends rally; RCF, NFL, FACT, Deepak zoom up to 20%
Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the government of India's continued policy-level support to the industry.
 "Fertiliser shares extends rally; RCF, NFL, FACT, Deepak zoom up to 20%")
Goa Carbon shares zoom 11% on launching product for carbon additive markets
Shares of Goa Carbon rallied 11.2 per cent at Rs 873 per share on the NSE in Thursday intraday deals
 "Goa Carbon shares zoom 11% on launching product for carbon additive markets")
Tata Comm secures $250 mn loan from ANZ, EDC, DBS Bank; stock jumps 3%
On Thursday, shares of Tata Communications surged by 2.62 per cent at Rs 1,879.90 a piece on the BSE in intraday trade
 "Tata Comm secures $250 mn loan from ANZ, EDC, DBS Bank; stock jumps 3%")
Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs
The rise in stock came after the board approved fundraising worth Rs 1,000 crore via non-convertible debentures (NCDs) on a private pavement basis
 "Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs")
MapmyIndia freezes at 20%, hits record high on heavy volumes
A combined 3.64 million shares, representing 6.72% of total equity of MapmyIndia, have changed hands on the NSE and BSE till 11:54 am
 "MapmyIndia freezes at 20%, hits record high on heavy volumes")
DEE Development IPO subscription status, Day 2: Issue subscribed 4.4x
Non Institutional Investors oversubscribed the issue 9.38 times, while the Retail Individual Investors(RIIs) subscribed the issue 4.79 times
 "DEE Development IPO subscription status, Day 2: Issue subscribed 4.4x")
5 private bank stocks for your portfolio; Check trading strategy here
ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels
 "5 private bank stocks for your portfolio; Check trading strategy here")
Vodafone Idea stock falls 2.5% on weak April telecom data, profit booking
On June 19, Vodafone sold 18 per cent stake in Indus Towers for Rs 15,300 crore to repay debts. Post stake sale, Vi's holding in Indus Towers stood at 3.1 per cent
 "Vodafone Idea stock falls 2.5% on weak April telecom data, profit booking")
Tanfac Industries shares rally 13% on pact with Japanese chemical firm
On Thursday, shares of Tanfac Industries, an Indian speciality fluoride chemical manufacturer soared by 13.1 per cent at Rs 2,399 a piece intraday on the BSE
 "Tanfac Industries shares rally 13% on pact with Japanese chemical firm")
Specialty chemicals shares rally up to 9%; BASF, Bhansali hit 52-wk highs
While margins have dipped from around 22 per cent to 17 per cent during FY2021-24, they are expected to improve from FY26 onwards
 "Specialty chemicals shares rally up to 9%; BASF, Bhansali hit 52-wk highs")
USFDA issues warning letter to Sun Pharma's Dadra unit; stock slips 2%
The fall came after the company announced that it has received a warning letter from USFDA for current Good Manufacturing Practice (cGMP) violations at its Dadra facility
 "USFDA issues warning letter to Sun Pharma's Dadra unit; stock slips 2%")
Block deal: PNB Housing Fin falls 5% as 13.6 mn shares change hands on NSE
According to reports, over 1.36 crore shares, equivalent to 5.24 per cent equity worth Rs 1,095.14 crores changed hands via a NSE Block trade on Thursday. The shares were sold at Rs 803.35 per scrip
 "Block deal: PNB Housing Fin falls 5% as 13.6 mn shares change hands on NSE")
Wanbury surges 5% after USFDA issues Zero observations for Patalganga site
At 9:55 AM, the shares were off highs, trading 2.25 per cent higher at Rs 163.95 per share. In comparison, BSE Sensex was trading 0.16 per cent lower at 77,211.40 levels.
 "Wanbury surges 5% after USFDA issues Zero observations for Patalganga site")
Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles
With the strategic investment in BTPL, Gokaldas Exports intends to stand largely self-reliant in fulfilling its raw material requirements for manufacturing
 "Gokaldas Exports surges 5% on strategic tie-up with BRFL Textiles")
This GMR group stock has surged 51% in 10 days; zoomed 121% since April
GMR Power shares were locked in the 5-per cent upper circuit for a fourth straight day, up 5% at Rs 94.40. This was also the stock's new record high
 "This GMR group stock has surged 51% in 10 days; zoomed 121% since April")
EnNutrica IPO begins bidding today: Check GMP, price band, lot size
EnNutrica secured Rs 9.90 crore from anchor investors on June 19. The anchor investor list includes Next Orbit Ventures Fund, Nova Global Opportunities Fund, Nav Capital
 "EnNutrica IPO begins bidding today: Check GMP, price band, lot size")
Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%
The uptick in share price came after the company rolled out drone delivery service in pact with Skye Air, a drone delivery service provider
 "Blue Dart inks pact with Skye Air for drone delivery service; stock up 3%")
Go long on 30-year bonds to play India story, says veteran fund manager
The government's push for fiscal discipline, compression in the current account deficit and the central bank's focus on inflation have strengthened the case for yields to drop
 "Go long on 30-year bonds to play India story, says veteran fund manager")
Govt bond yields to remain rangebound as traders watch US yields, RBI cues
India's benchmark 10-year yield is likely to move in a 6.95 per cent-6.99 per cent range
 "Govt bond yields to remain rangebound as traders watch US yields, RBI cues")
WTI crude oil to stay rangebound within $78-$83; check strategy for June 20
Crude oil strategy for June 20, 2024: WTI crude oil could test resistance of $85 over the medium term
 "WTI crude oil to stay rangebound within $78-$83; check strategy for June 20")