Page 26 - Stock Market Rally

FPIs on bullish stance; infuse over Rs 15,000 cr in debt market in Feb

Foreign Portfolio Investors (FPIs) continued their bullish stance on the country's debt markets with a net infusion of over Rs 15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. This followed a net investment of Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. On the other hand, foreign investors pulled out more than Rs 3,000 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the depositories showed. "The main trigger for this divergent trend in equity and debt is the high valuation in the Indian equity market and the rising bond yields in the US," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Himanshu Srivastava, Associate Director - Manager Research, Morningstar

This Mukul Agrawal-owned pharma stock has zoomed over 200% in 9 months

Neuland Lab hit a new high of Rs 6,910, rallied 6% after reported robust earnings with profit after tax more than doubled to Rs 80.7 crore in Q3FY24, on back of healthy operational performance.

Paytm, IFCI, Reliance Power and 401 other stocks freeze at upper circuits

TRF, KIOCL, GE T&D India, Dredging Corporation of India, Azad Engineering, and Balaji Telefilms were some of the other stocks which were locked in the upper circuits of 5 per cent to 20 per cent

This Rekha Jhunjhunwala-owned share nears Rs 1 trn mcap; plans stock split

Shares of Canara Bank hit multi-year high at Rs 550.50, as they rallied 6 per cent after the lender said its board will meet on February 26 to consider stock split.

Markets pricing in 400 seats for NDA in 2024 Lok Sabha elections: Analysts

The markets are already pricing in a victory for Modi-led National Democratic Alliance (NDA) in the upcoming general elections, and expect the alliance to achieve its 400-seat target, suggest analysts

Tata Motors hits new high, surges 7% on robust December quarter results

The auto major's Q3 net profit beat analyst estimates, growing by 137 per cent YoY to Rs 7,025 crore on favourable volumes, reduced costs on component sourcing with easing semiconductor chip supplies.

Sensex rallies 440 pts day after interim Budget, Nifty tops 21,850; PSEs up

Stock market highlights on Friday, February 02: In the broader markets, the BSE MidCap index gained 0.8 per cent, while the BSE SmallCap index added 0.5 per cent

RIL hits new high, m-cap nears Rs 20 trn mark; Chart hints further upside

Reliance Industries hit a high of Rs 2,950 in intra-day deals on Friday, while the market capitalisation stood at Rs 19.96 trillion at the highest point of the day.

Budget cheer? Here's what drove 1,400-pt rally in Sensex, Nifty to new high

Reliance and IT stocks led the market rally as investors cheered the fact that Budget 2024 resisted the temptation of populist measures, and stuck to the fiscal prudence path.

This state-owned civil construction stock has zoomed over 100% in 1 month

Thus far in the financial year FY24, the stock price of NBCC (India|) has skyrocketed by 375 per cent.

SBI, BoB, PSB: Track these levels while riding the rally in PSU Banks

The Nifty PSU Bank index was the top performing sector post Interim Budget on Thursday; the index was up almost 12 per cent in the last four days.

Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29

Stock market highlights on January 29: The frontline S&P BSE Sensex index soared 1,309 points in the intraday trade to hit a high of 72,010 levels

MSCI's finest hour: PSU quartet ready to conquer the global stage

Meanwhile, Zomato, Coal India, and HDFC Asset Management Company are likely to experience an increase in their weighting due to a rise in their free-float market capitalisation

TRIL freezes at 20% upper limit; hits new high on healthy business outlook

The company had a strong order book position of Rs 2,572 crore as on December 31, 2023 (Q3FY24).

Ceat extends rally for third day; surges 14% on healthy outlook

Ceat on Friday launched its new premium range of two-wheeler steel radial tyres, targeting both aftermarket and original equipment manufacturer (OEM) segments.

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

Jyoti CNC makes decent debut; extends gains with 29% surge over issue price

Till 12:11 am, the stock touched a high of Rs 426 on the BSE

Tata Motors becomes 3rd Tata group firm to cross Rs 3-trillion market cap

A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trades on Tuesday.

Medi Assist healthcare IPO subscribed 54% on first day of bidding

Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners

Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic

The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.