Page 498 - Markets
Jagsonpal Pharma rallies 19% on open offer by Infinity Holdings Group
Infinity Holdings Group made an open offer to buy 26 per cent stake in the company at a price of Rs 235 per share
 "Jagsonpal Pharma rallies 19% on open offer by Infinity Holdings Group")
Nykaa plunges 36% in 11 days post Q3 results; stock nears issue price
The stock hit a new low of Rs 1,218.80, down 8 per cent in the intra-day trade
 "Nykaa plunges 36% in 11 days post Q3 results; stock nears issue price")
Axis Bank, India Cement: Mehul Kothari bets on 2 stocks post correction
The stock of Axis Bank underwent some profit booking and almost retested that breakout zone
 "Axis Bank, India Cement: Mehul Kothari bets on 2 stocks post correction")
India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts
RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems
 "India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts")
Sensex falls 149 pts; SmallCap index sheds 2% amid tepid global cues
Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent
 "Sensex falls 149 pts; SmallCap index sheds 2% amid tepid global cues")
Hotel stocks gain on hopes of demand rebound; Chalet Hotels surges 20%
Analysts anticipate a faster recovery in the demand environment and are hopeful that consumption will reach normalised pre-Covid levels in H1FY23
 "Hotel stocks gain on hopes of demand rebound; Chalet Hotels surges 20%")
Vedant Fashions falls 12% in three days post listing; nears issue price
The stock has fallen 12 per cent from its listing day high of Rs 993 on February 16, 2022. Currently, it is trading just 1 per cent higher over its issue price of Rs 866 per share.
 "Vedant Fashions falls 12% in three days post listing; nears issue price")
Ujjivan Financial, Small Finance Bank hit 52-week lows; tank up to 7%
Ujjivan Financial Services has corrected 60 per cent, while Ujjivan Small Finance Bank has slipped 55 per cent from their respective 52-week highs
 "Ujjivan Financial, Small Finance Bank hit 52-week lows; tank up to 7%")
Asia stock markets pare losses, S&P 500 rallies on Ukraine hopes
Wall St futures rallied on news U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis.
 "Asia stock markets pare losses, S&P 500 rallies on Ukraine hopes")
TMS Ep112: Economic recovery, Kabeer Biswas, markets, telematics
How is India's recovery shaping up as states relax restrictions? What is Dunzo CEO Kabeer Biswas's growth strategy? Which stocks bucked the trend and soared in Feb? What's telematics? All answers here
 "TMS Ep112: Economic recovery, Kabeer Biswas, markets, telematics")
Street signs: Arbitrage opportunity from TCS buyback, MFI stocks & more
Brokerages are advising their retail clients to buy shares of TCS to gain from the arbitrage opportunity created by its Rs 18,000-crore buyback
 "Street signs: Arbitrage opportunity from TCS buyback, MFI stocks & more")
Sebi rejigs advisory committee on alternative investment policy
The committee has now 20 members, as per an update by the Securities and Exchange Board of India (Sebi).
 "Sebi rejigs advisory committee on alternative investment policy")
Bias for interest rates is on the upside, says UTI MF's Amandeep Chopra
As the markets adjust to the process of policy normalization, investors can focus on products which are running strategies to capture these trends with a low level of volatility, said Amandeep Chopra
 "Bias for interest rates is on the upside, says UTI MF's Amandeep Chopra")
Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%
On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).
 "Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%")
Eveready Ind hits over 3-month high; rallies 32% in 2 weeks post Q3 results
The company said the battery category will revert to its earlier level of profitability now that all adverse costs have been passed on
 "Eveready Ind hits over 3-month high; rallies 32% in 2 weeks post Q3 results")
LIC IPO may impact liquidity only in the short-term: Satish Menon of Geojit
The degree of effect on the liquidity will depend on the timing of the LIC offer and trend of domestic and global markets
 "LIC IPO may impact liquidity only in the short-term: Satish Menon of Geojit")
TCPL Packaging surges 14%, hits 52-week high on healthy outlook
The acquisition of COPPL has strengthened TCPL's diverse portfolio with the foray into the high-potential rigid boxes space targeting the growing smartphone & electronics industry.
 "TCPL Packaging surges 14%, hits 52-week high on healthy outlook")
IVP skyrockets 70% in 6 days post Q3 results; hits over 3-year high
Shares of IVP hit 10 per cent upper circuit for a third straight day, touching their highest level since August 2018 on the BSE
 "IVP skyrockets 70% in 6 days post Q3 results; hits over 3-year high")
Stock of this building products company has zoomed 100% since December
Shares of Everest Industries hit an all-time high of Rs 748.90, rallying 14 per cent on the National Stock Exchange on Friday.
Global investors sour on Indian bonds as index inclusion stalls
The impasse has generated considerable uncertainty around when Indian bonds might be added to global indexes
 "Global investors sour on Indian bonds as index inclusion stalls")