Page 39 - Stock Market Today

Robust prospects fortify NMDC stock; India's steel demand may stay strong

NMDC's FY24 iron-ore production (April-November) stood at 27.3 million tonnes (MT) up 17.1 per cent year-on-year (Y-o-Y) while sales volume grew 24.8 per cent Y-o-Y to 28.1 MT

Record buyback of Rs 47,810 cr by 48 firms in 2023, highest in 6 yrs

A buyback is a process a company employs to repurchase its shares from stakeholders

Strong visibility over growth, costs drive up CIL stock to record high

The e-auction premium over the fuel supply agreement (FSA) price has improved to between 80-100 per cent which means higher blended realisation compared to June-July premiums of around 60 per cent

Record FPI inflows in debt market mark over 6-year high in December

FPI inflows into debt stood at Rs 18,393 crore in December, against Rs 14,106 crore in November, according to data on the National Securities Depository Limited

Gail stock sees upward growth, owing to upcoming tariff hikes, new projects

Potential risks include volatile gas prices. Also as of now, petrochemicals spreads are still falling. But the stock, which hit a record high of Rs 164.25 in intra-day trade on Friday

Scaling peaks: Sensex tops 72,000 in Santa Claus rally, Nifty50 passes 21k

This month, so far, the Nifty50 and the Sensex have scaled fresh peaks in nine and eight sessions, respectively. On an intraday basis, the Nifty50 has hit new highs in 12 sessions and the Sensex in 10

Managing portfolio: Stay with winners or make bets laggards in 2024

The start of a new year is also a good time to make bets on stocks that have been laggards and could potentially see a turnaround in their fortunes next year

Hindalco well-placed in emerging demand-supply scenario for aluminium

Even with the cap, China holds 57 per cent of global production capacity

Asian fund managers more bullish on equities: Bank of America Survey

The return expectations are based on above-par earnings and supportive policy

Motilal Oswal smallcap collects Rs 1,350 crore during new fund offering

According to the fund house, over 150,000 investors subscribed to the NFO, putting in an average of Rs 85,000

FPIs lap up finance, healthcare, auto stocks in first half of Dec

FPIs were net buyers to the tune of Rs 42,731 crore in the first fortnight of December

Benign oil prices can provide fillip to multiple sectors, ease inflation

The direct impact on the energy sector should see a positive re-rating for OMCs (despite possible losses on marked-down inventory) since retail margins and refining margins may both improve

NSE says 7 passive funds tracking Nifty indices launched in Japan, Korea

At present, there are 21 passive funds tracking Nifty Indices outside India. In addition, there are 270 passive funds tracking various Nifty Indices in India

Sensex, Nifty hit new record highs on firm global trends, buying in FMCG

Buying in FMCG, oil and gas, power and select banking shares supported the recovery while losses in IT and auto shares capped gains, analysts said

High valuations may cap further rally in IRCTC stock despite good revenue

At trailing PE of 65x it seems to fully discount future growth and visibility of good revenue streams

Markets pause after posting their longest winning streak in three years

Take a breath after weeks of gains, focusing on selective value stocks amidst profit-taking

India's market cap now just a whisker away from toppling Hong Kong's

A significant portion of Hong Kong's market cap is due to companies from Mainland China choosing to list in the city

At Rs 3 trillion, corporate guarantees highest in 4 years but far from peak

Despite this steep rise, total outstanding corporate guarantees are still 28 per cent lower than the record high of Rs 4.23 trillion at the end of FY14

Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K

Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains

SAT quashes Sebi order in 'dark fibre' case, slashes penalties on NSE

SAT set aside the total penalty of Rs 7 crore imposed on NSE in the Sebi adjudicating officer order. The penalty on Chitra Ramkrishna has be­en brought down from Rs 5 crore to Rs 25 lakh