Page 11 - Markets News

CAS mechanism effect: Sebi to review derivatives trades pricing

Move follows major uproar against the newly implemented mechanism

Stock Market Close: Sensex drops 417pts; Nifty settles at 23,873; pvt bank, realty shares outperform

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.37 per cent and 1.2 per cent higher, respectively

SML Mahindra shares rally 8% on August sales; eyes 12% market share by FY31

SML Mahindra, a subsidiary of Mahindra & Mahindra, has reported a 40 per cent rise in August sales.

Why are Swiggy shares falling for the last 3 days? Analysts decode

Swiggy shares falling: According to an announcement by MSCI, Swiggy will be deleted from the Global Standard Indices owing to its foreign ownership limit, triggering potential passive outflows.

Hexaware Technologies shares fall 4.5% after CEO transition announcement

JM Financial said that the appointment of Vivek Jetley as CEO-designate of Hexaware Technologies could remain a near-term overhang until there is greater clarity on the company's strategy and outlook.

Nifty may test 23,600, says Ajit Mishra; bets on BEML among others

Religare Broking's Ajit Mishra said that the sharp decline has pushed Nifty closer to our initial downside target and support of 23,800. A break below this could extend the correction towards 23,600.

BEML, Raymond, IFCI: 3 breakout stocks on Bonanza's radar

Kunal Kamble of Bonanza has recommended three breakout stocks to buy today -- BEML Ltd, Raymond Ltd, and IFCI Ltd.

Nifty to remain range-bound; Jatin Gedia recommends Meesho, 2 others

Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.

Stock Market Close: Sensex drops 374 pts on oil, bond yield spike, Nifty at 24,914; auto, IT lag

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.53 per cent and 0.37 per cent lower, respectively

Sensex tanks 800 points intraday, Nifty below 23,800: What's spooking D-St?

VK Vijayakumar said that the escalation of the US-Iran conflict and the consequent 5 per cent spurt in Brent crude overnight to $96 is a negative for markets.

Oil spike weighs on aviation stocks; IndiGo, SpiceJet dive up to 4%

Analysts noted that Aviation Turbine Fuel (ATF) represents a significant share of airlines' operating cost and any rise in crude oil price is a negative for the sector.

BSE shares slide 15% since CAS implementation; Jefferies flags options hit

According to Jefferies, the introduction of CAS adversely impacted equity options turnover and contracts in August, which is negative for companies like BSE and Groww.

24,100 key hurdle for Nifty; Chandan Taparia bets on Eternal, Bajaj Auto

Chandan Taparia says that if Nifty crosses 24,100, we could see the index moving towards 24,200-24300. He has recommended buying Persistent Systems, Eternal, & Bajaj Auto shares for the short term

KSB Ltd, Stove Kraft: HDFC Securities sees bullish setup on charts

Vinay Rajani of HDFC Securities has recommended buying two stocks today -- KSB Ltd and Stove Kraft

Stock Market Close: Sensex extends losses to 2nd day; Nifty settles at 24,056

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 1.39 per cent and 0.23 per cent down, respectively

RIL: Jefferies sees O2C, retail growth fuelling re-rating; stock rises 2.5%

Jefferies has retained 'Buy' rating on Reliance Industries Limited (RIL) shares and revised the target price to ₹1,710, implying an upside of 33 per cent from the previous close of ₹1,285.

Maruti Suzuki share price falls over 5% post tepid August export data

Domestic passenger vehicle sales rose 34.8 per cent Y-o-Y to 176,971 units. Exports, however, declined 7.4 per cent Y-o-Y to 33,844 units during the period under review.

Multibagger stock: Why TBZ shares are locked at 20% upper circuit

GRT Jewellers, a leading jewellery retail company, has signed a share purchase agreement (SPA) with the promoters of Tribhovandas Bhimji Zaveri to acquire their stake of 74.12 per cent in the company.

NBFCs enter durable recovery phase; MOFSL backs L&T Finance, PNB Housing

MOFSL said that NBFC asset quality has emerged as the biggest positive surprise, with improved collections and moderated fresh slippages after nearly two years of stress.

Symbiotec Pharmalab makes tepid market debut, lists at par with IPO price

The listing of Symbiotec Pharmalab was well below GMP expectations, which had indicated a listing gain of around 18-19 per cent for IPO investors.