Page 18 - Latest Updates on Stock Market
Fusion hits highest level since debut; soars 29% from listing day low
On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'
 "Fusion hits highest level since debut; soars 29% from listing day low")
Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more
Shares of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday
 "Sula Vineyards IPO subscribed 59%, Landmark Cars bought 17%, and more")
Macrotech Developers below QIP price after 7% fall today; down 25% in 1 yr
Macrotech Developers' promoters have raised Rs 3,547 crore by selling shares around 7.2% of the company's equity share capital to institutional investors at the offer price of Rs 1,026 per share
 "Macrotech Developers below QIP price after 7% fall today; down 25% in 1 yr")
Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?
Sula Vineyards' revenue contribution from its own brands in the wine business rose from 63.6% in FY20 to 84% in FY22 as imports sharply came down from 31% to 7.9% during this period
 "Sula Vineyards: Should you subscribe to India's largest wine seller's IPO?")
Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo
The company said it is expecting additional revenue of nearly Rs 60 crore per annum with gross margins of about 26 per cent from the new capacity
 "Gravita surges 36% in 6 days as arm starts aluminium recycling unit in Togo")
YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal
On Friday, the Reserve Bank of India (RBI) issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings
 "YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal")
IT stocks tumble as Credit Suisse warns of valuation-led correction
Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top
 "IT stocks tumble as Credit Suisse warns of valuation-led correction")
Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade
Analysts say the correction is nothing to be worried about as it is typical of markets to consolidate after reaching new record highs
 "Here's why Sensex slumped nearly 700 pts in Friday's intra-day trade")
Vadilal Ind soars 10% on board nod to buy 'Vadilal' brand from promoter co
The company's board on Thursday approved the purchase of the "Vadilal" brand from its promoter group entity Vadilal International; the stock later pared half of its gains
 "Vadilal Ind soars 10% on board nod to buy 'Vadilal' brand from promoter co")
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")
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")
RBI monetary policy review: Is it time to pick fixed-income securities?
Despite a repo rate increase on expected lines, equity markets edged lower as the governor rang alarm bells over sticky core inflation
 "RBI monetary policy review: Is it time to pick fixed-income securities?")
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")
Valuations in 'high optimism zone' as Nifty forward P/E tops 20x: ICICI Sec
Historically, one-year returns for the markets have been tepid whenever valuations have been in this zone, reveals a study by the brokerage
 "Valuations in 'high optimism zone' as Nifty forward P/E tops 20x: ICICI Sec")
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")
Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh
CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.
Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days
The removal of export duty is a significant relief and a long term positive for the domestic steel sector, according to analyst at ICICI Securities.
 "Tata Steel hits over 3-month high in a weak market; stock up 6% in 4 days")
Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine
CLOSING BELL: Global cues triggered by Powell's positive remarks boosted sentiment. The Sensex scaled a new high at 63,583, while the Nifty 50 came within striking distance of 18,900 on Thursday.
 "Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine")
Sensex hits 63K, gains 418pts; Nifty ends at record high of 18,750
CLOSING BELL: The S&P BSE Sensex scaled a new summit at 63,303, and settled above 63,000-mark for the first-time ever. The Nifty 50 hit a new all-time high at 18,816 on Wednesday.