Page 28 - Stock Market Rally
HUDCO zooms 20% on heavy volumes; stock up 51% from OFS price in 2 months
The average trading volumes at the counter jumped four-fold with a combined 181 million equity shares of HUDCO changing hands on the NSE and BSE till 02:48 PM.
 "HUDCO zooms 20% on heavy volumes; stock up 51% from OFS price in 2 months")
This realty stock has zoomed 104% since October; m-cap nears Rs 50,000 cr
Prestige Estates Projects hit a new high at Rs 1,231.95, up 6% in Thursday's intra-day trade and has surged 46% in past one month amid expectation of healthy demand.
 "This realty stock has zoomed 104% since October; m-cap nears Rs 50,000 cr")
Fusion Micro Finance surges 8% after 10% equity change hands on BSE
Till 09:24 AM; around 10.30 million equity shares representing 10.2 per cent of total equity of Fusion had changed hands on the BSE, the exchange data shows.
 "Fusion Micro Finance surges 8% after 10% equity change hands on BSE")
Stock of this IT firm soars 55% in one month; up 141% from issue price
Netweb Technologies India hit a record high at Rs 1,206.50, and has rallied 10% on the BSE in Tuesday's intra-day trade.
 "Stock of this IT firm soars 55% in one month; up 141% from issue price")
PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark
The Nifty PSU Bank index hit a new high at 5,589, and has rallied over 10 per cent in the last one month.
 "PSBs in focus; BOI soars 5% on QIP success, PNB's m-cap nears Rs 1 trn mark")
SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days
The company's board to consider options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis today; also to announce Q2 results.
 "SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days")
IREDA hits 20% upper limit; stock up 166% against issue price in 11 days
IREDA has launched a retail division to gear towards enhancing emphasis on providing loans to borrowers in the PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors.
 "IREDA hits 20% upper limit; stock up 166% against issue price in 11 days")
Adani's bond rebound almost erase losses incurred from Hindenburg report
The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again
 "Adani's bond rebound almost erase losses incurred from Hindenburg report")
State-owned cos seen extending rally on PM Modi's expected re-election
Modi's government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of India's $4 trillion stock market
 "State-owned cos seen extending rally on PM Modi's expected re-election")
Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%
In the past one month, the S&P BSE Power index has surged 27 per cent, against 7 per cent rise in the S&P BSE Sensex.
 "Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%")
Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr
With this BEL has in all received orders worth of around Rs 18,300 crore till now in the financial year 2023-24.
 "Bharat Electronics up 4%; hits new high on securing orders worth Rs 3,915cr")
90% of Nifty 500 stocks trade above 200-DMA; time to be selective: Analysts
The sharp run up in the markets in the last few sessions has made analysts cautious, who now expect the markets to consolidate before resuming their journey north
 "90% of Nifty 500 stocks trade above 200-DMA; time to be selective: Analysts")
Market ends on high for 7th day, Nifty closes at 21,000, Sensex 70,000
Experts suggest that this is a sign that higher interest rates have dampened worker demand and raised bets that the Fed's monetary policy tightening cycle is over
 "Market ends on high for 7th day, Nifty closes at 21,000, Sensex 70,000")
Tata Power soars 6%; hits new high after 20 months on positive outlook
CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24
 "Tata Power soars 6%; hits new high after 20 months on positive outlook")
Adani Group stocks soar as US dubs Hindenburg allegations irrelevant
Value of GQG's investment up 75% to $7.5 bn
 "Adani Group stocks soar as US dubs Hindenburg allegations irrelevant")
No stopping the bulls: Sensex races past 69K, Nifty50 nears 21,000 mark
Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver
 "No stopping the bulls: Sensex races past 69K, Nifty50 nears 21,000 mark")
Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap
In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.
 "Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap")
Modi's win in state polls seen as boosting case for equity inflow in India
India's benchmark NSE Nifty 50 Index closed at a record high on Friday while the futures climbed as much as 1.6% early on Monday
 "Modi's win in state polls seen as boosting case for equity inflow in India")
Nifty50 scales fresh peak on GDP boost; Sensex ends 493 points higher
Benchmark indices log the best week in 5 months
Jindal Saw, others settle matter; dispute resolution platform from April
The Securities and Exchange Board of India (Sebi) has extended the timeline for implementing online dispute resolution (ODR) platform to April 2024
 "Jindal Saw, others settle matter; dispute resolution platform from April")