Page 11 - Markets Sensex Nifty

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

HUL hits 52-week high as company forays into health & wellbeing category

The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.

Craftsman Automation up 4% as Marina III Singapore sells entire 5.5% stake

India Acorn Icav (333,363 shares), Abu Dhabi Investment Authority (240,300 shares) and White Oak Capital Management Consultants LLP (128,959 shares) bought more than 100,000 shares of the company.

Larsen & Toubro hits record high; market-cap crosses Rs 3 trn mark

L&T is the best proxy for domestic capex given its market leadership in the engineering and construction industry, diversified revenue stream and strengthening balance sheet.

Rate sensitive shares trade mixed as RBI hikes repo rate by 35 bps to 6.25%

At 10:35 AM; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up in the range of 0.10% to 0.90%; while Nifty Auto and Nifty Realty indices slipped up to 0.2%.

Jindal Stainless surges 16% in two days after Quant MF buys 2.6 mn shares

On December 6, Quant Mutual Fund - Small Cap Fund purchased 2.63 million shares representing 0.52 per cent of the total equity of Jindal Stainless at Rs 182.97 apiece on the NSE.

HDFC AMC gains 3% as promoter abrdn plans to sell entire 10.2% stake

abrdn Investment Management is to place up to 21.12 million shares (i.e. 9.9 per cent) with a single buyer with the rest being sold separately, subject to feasibility.

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

Ion Exchange hits new high; gains 6% in two days on securing IOCL order

In the past one month, the stock price of Ion Exchange has zoomed 41 per cent, as compared to 2.7 per cent rise in the S&P BSE Sensex.

PSU banks trade firm in a weak market; SBI nears record high

Recently, SBI raised Rs 10,000 crore through its maiden issue of infrastructure bonds, for funding infrastructure and affordable housing segment.

Sensex, Nifty end flat after volatile day; Metal index up 2%, RIL down 1.5%

CLOSING BELL: RIL (down 1.45 per cent), Tech M, Dr Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards

TVS Motor dips 3% after 2.6 million shares change hands on BSE

At 09:15 am, around 2.6 million or 0.55 per cent holding of the company changed hands at the counter on the BSE, the exchange data shows.

Chris Wood rejigs India portfolio; adds Macrotech Developers, Adani Ports

In terms of sectors, Wood remains bullish on the real estate sector and suggests the Indian realty market to be one of Asia's hottest investment bets, besides Singapore

Bajaj Hindustan Sugar zooms 20% on payment of entire overdues

There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.

Auto shares trade weak post November sales; Eicher, M&M down up to 3%

M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.

Skipper locked at 20% upper limit on heavy volumes; zooms 53% in two weeks

The stock now quotes at the highest level since September 2018, and saw trades of around 2 per cent of the equity size on Friday.

ONGC, Oil India jump up to 3% on sharp cut in windfall tax

The tax on crude oil produced by firms such as state-owned ONGC was reduced to Rs 4,900 per tonne from Rs 10,200 per tonne w.e.f December 02, 2022.

Stock performance remains polarized even as Sensex, Nifty scale new highs

Morgan Stanley remain bullish on consumer discretionary, industrials, financials, and technology; and remain underweight all other sectors

Nifty on track to hit 20,000; Sensex target at 70,000 levels: Analysts

Meanwhile, the market's attention in the next few weeks will shift to the outcome of the Gujarat assembly election and the monetary policy action of the Reserve Bank of India (RBI)

Hotel shares in demand; TajGVK, Lemon Tree, Oriental Hotel rally up to 9%

Occupancy rate is expected to improve further from the pre-pandemic levels, on the back of strong demand drivers including resumption in foreign inbound travel, says analyst at Motilal Oswal.