Page 431 - Markets
Kalpataru Power rallies 9% on board nod for Rs 99-crore fund raise via NCDs
A total of 990 NCDs of face value of Rs 10 lakh each will be issued at a coupon rate of 8.46 per cent under the fundraising plan
 "Kalpataru Power rallies 9% on board nod for Rs 99-crore fund raise via NCDs")
YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market
Shares of YES Bank vaulted 15 per cent on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE & BSE
 "YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market")
HCL Tech management cautious on revenue growth in FY23; stock plunges 6%
At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent
 "HCL Tech management cautious on revenue growth in FY23; stock plunges 6%")
Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
 "Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma")
Chinese stocks to outperform global peers as curbs ease: Morgan Stanley
Average daily turnover for China's ChiNext Index and overall mainland-traded A-shares increased 25% and 19% respectively
 "Chinese stocks to outperform global peers as curbs ease: Morgan Stanley")
Dharmaj Crop extends gains after listing at 12% premium over issue price
Dharmaj Crop Guard made a good debut on the bourses on Thursday. The shares of the agrochemical company listed at Rs 266 per share on the BSE and the National Stock Exchange (NSE)
 "Dharmaj Crop extends gains after listing at 12% premium over issue price")
'Underweight' on India, China to lead Asian outperformance in 2023: Nomura
The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel
 "'Underweight' on India, China to lead Asian outperformance in 2023: Nomura")
Demat additions lukewarm despite market's extended run in November
About 1.8 million new accounts added, 20% below monthly average for calendar 2022
 "Demat additions lukewarm despite market's extended run in November")
Rail stocks may chug along till budget; book profit selectively: Analysts
Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23
 "Rail stocks may chug along till budget; book profit selectively: Analysts")
Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%
CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent
 "Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%")
LTIMindtree down 2%; sheds 9% in four days after market debut
LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger
 "LTIMindtree down 2%; sheds 9% in four days after market debut")
Why India's growth should stay resilient
Indian property cycle has multi-year pent-up demand and is more dependent onpricing sentiments (now strengthening) instead of mortgage rates.
 "Why India's growth should stay resilient")
Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy
CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil
 "Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy")
FMCG index hits record high in range-bound market; Dabur, HUL up 2%
RBI governor Shaktikanta Das said that rural demand is recovering as reflected in the pace of tractor and retail two-wheeler sales, with rising farm activity
 "FMCG index hits record high in range-bound market; Dabur, HUL up 2%")
Stocks to Watch: HDFC AMC, Voda Idea, IDBI Bank, Bikaji, Axis, ICICI Bank
Stocks to Watch Today: Shares of rate sensitive sectors such as auto, banks, NBFCs and real estate are likely to be in focus owing to the RBI policy announcement on Wednesday.
 "Stocks to Watch: HDFC AMC, Voda Idea, IDBI Bank, Bikaji, Axis, ICICI Bank")
Astra Microwave jumps 7%; board to consider Rs 400-cr fund-raise on Friday
In the past three months, the stock of the aerospace & defence company has underperformed the market by falling 2 per cent, as compared to a 6 per cent rise in the S&P BSE Sensex
Sensex down 208 pts, Nifty below 18,650 day head of RBI decision; PSBs gain
CLOSING BELL: Among sectors, the Nifty IT index fell 1.5 per cent, while the Nifty PSU Bank index gained 1.2 per cent
 "Sensex down 208 pts, Nifty below 18,650 day head of RBI decision; PSBs gain")
Five-Star Business Finance zooms 19%, hits highest level since listing
The stock hit a new high of Rs 619.50, surging 31 per cent against its issue price of Rs 474 per share
 "Five-Star Business Finance zooms 19%, hits highest level since listing")
Tata Coffee, CCL Products: Tea, Coffee stocks to brew more gains in 2023
After a breakout, stocks like Tata Coffee, CCL Products, Jay Shree Tea & Industries and McLeod Russel India may easily see up to 20 per cent gains
 "Tata Coffee, CCL Products: Tea, Coffee stocks to brew more gains in 2023")
Bajaj Consumer up 5% as board to consider share buyback proposal on Friday
Trading volumes on the counter jumped over three-fold with a combined 3.6 million shares changing hands on the NSE and BSE till 12:46 pm
 "Bajaj Consumer up 5% as board to consider share buyback proposal on Friday")