Page 33 - Indian Markets

Strong demand at govt bond auction fails to lift secondary market

The Reserve Bank of India set the cut-off yield on the 3-year, 7-year, 14-year, and 30-year bond at 7.16 per cent, 7.17 per cent, 7.23 per cent, and 7.33 per cent, respectively

Jupiter Life Line Hospital announces IPO, plans to mop up Rs 869 crore

The company has disclosed that approximately Rs 500 crore from the public offering will be allocated towards debt repayment

Sensex soars 556 pts, Nifty tops 19,400; Metal index rallies 3%, Auto 2%

Closing Bell on September 1, 2023: In the broader markets, the BSE MidCap and SmallCap indices added 0.75 per cent each

ITD Cementation hits record high on bagging Rs 3,290 crore marine contract

So far in the financial year 2023-24, the stock price of the company has more-than-doubled or zoomed 136 per cent

Genus Power freezes 5% upper circuit on order wins worth Rs 2,247 crore

The company has received a letter of award (LOA) of Rs 2,247.4 crore for appointment of Advanced Metering Infrastructure Service Providers (AMISPs)

F&O Strategy: Bear spread on Bank Nifty, suggests HDFC Securities

Momentum Oscillators- RSI (11) has fallen below benchmark level of 50, which indicates bearish trend

Maurti Suzuki gains 3% to hit fresh lifetime high in a weak market

The stock of automobile major quoted higher for the fourth straight day, surging 6 per cent during the period

Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort

Closing Bell on August 31, 2023: Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Nestle India, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL slipped up to 1.2 per cent

Westlife Foodworld hits new high; stock up 10% in 2 days on healthy outlook

According to analysts, Westlife will continue outperforming peers, with strengthening of the meal platform, snacking leadership and improved touch-points via omni-channel investments

Aeroflex makes stellar debut, lists at 83% premium over its issue price

Backed by famous investor Ashish Kacholia, Aeroflex made a strong debut on exchanges as shares listed at 83% premium of Rs 197.4 over its issue price of Rs 108 per share on the BSE

Market holds breadth strongly even as benchmark indices see a pullback

Gaining stocks outnumber those declining in August

Analysts put PVR-Inox on a pedestal amid bumper releases, merger synergies

At the bourses, shares of this multiplex operator have soared 14 per cent in a month, as against a 1.6 per cent fall in the S&P BSE Sensex

Sensex, Nifty end in the green for 3rd day; all but banking stocks rally

Closing Bell on August 30, 2023: SBI, ICICI Bank, HDFC Bank, Bajaj Finance, IndusInd Bank, NTPC, Kotak Bank, and Bajaj Finserv fell up to 1.4 per cent

M&M gains 5% in 3 days, nears record high on margin improvement hopes

Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead

Intermediaries pause finfluencers' dealings as Sebi mulls new norms

The regulator has also considered a new payment system to clip the wings of those spreading misinformation

Sensex, Nifty eke out tepid gains; Jio Financial surges 5%, Adani Ports 2%

Closing Bell on August 29, 2023: The broader markets, however, held firm gains with the BSE MidCap and SmallCap indices settling 0.45 per cent and 0.69 per cent higher, respectively

Sensex, Nifty end flat; RIL, Jio Fin drop 1% as 46th AGM lacks fireworks

CLOSING BELL ON AUG 28, 2023: Shares of Reliance Industries (down 1.4 per cent) and Jio Financial Services (down 0.97 per cent) ended as the top large-cap laggards amid profit booking

This specialty chemicals stock zoomed 48% in a month; here's why

Analysts at ICRA said that a significant improvement in HSCL's operating profit in FY23 compared to FY22 and FY21, driven by higher Ebitda/MT will likely sustain going forward

Markets to focus on macro data, foreign investors activity: Analysts

Macroeconomic data announcements, global trends and trading activity of foreign investors would dictate the equity markets this week, analysts said. Marketmen will also focus on the Annual General Meeting of Reliance Industries Ltd which will be held on Monday. "This week's focal point is the eagerly awaited Reliance Annual General Meeting (AGM) on Monday, August 28. This event is poised to have some impact on the market's trajectory. Shifting to the macroeconomic landscape, India is set to reveal its Q2 GDP figures on Thursday, shedding light on the nation's economic performance. "Manufacturing Purchasing Managers' Index (PMI) data will be disclosed on Friday," said Santosh Meena, Head of Research, Swastika Investmart Ltd. He further added that Friday will feature the disclosure of the US unemployment rate and nonfarm payroll statistics. Cues from China, foreign investor activities, and fluctuations in the dollar index and US bond yields will play a pivotal role in shaping market

Market regulator Sebi mulls steps to limit finfluencers' influence

New payment mechanism; brand promotion restrictions on intermediaries