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Page 33 - Markets
LIC gains 4%, hits over 3-month high in subdued market
The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut
 "LIC gains 4%, hits over 3-month high in subdued market")
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")
IHC, Mahindra Holidays: Time to check-in hotel stocks this holiday season?
Hotel stocks are seeing healthy accumulation with select stocks eyeing up to 35 per cent jump this travel season
 "IHC, Mahindra Holidays: Time to check-in hotel stocks this holiday season?")
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")
VA Tech Wabag surges 12%, hits 52-week high on order win worth Rs 260 crore
The company has secured industrial waste water treatment order in Romania worth about Rs 260 crore (30 million euros)
 "VA Tech Wabag surges 12%, hits 52-week high on order win worth Rs 260 crore")
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")
OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts
HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment
 "OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts")
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")
Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%
CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent
 "Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%")
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")
Digispice Technologies tanks 7% as CEO Chandrachur Ghosh resigns
Chandrachur Ghosh will be serving his notice period till January 31, 2023, the company said
 "Digispice Technologies tanks 7% as CEO Chandrachur Ghosh resigns")
Kalpataru Power rallies 9% on board nod for Rs 99-crore fund raise via NCDs
A total of 990 NCDs of face value of Rs 10 lakh each will be issued at a coupon rate of 8.46 per cent under the fundraising plan
 "Kalpataru Power rallies 9% on board nod for Rs 99-crore fund raise via NCDs")
YES Bank zooms 15% on heavy volume, stock hits 2-year high in weak market
Shares of YES Bank vaulted 15 per cent on the BSE in Friday's intra-day deals. The jump was supported by massive volumes on the counter as 760 million shares, together, changed hands on the NSE & BSE
HCL Tech management cautious on revenue growth in FY23; stock plunges 6%
At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent
 "HCL Tech management cautious on revenue growth in FY23; stock plunges 6%")
Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
 "Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma")
Chinese stocks to outperform global peers as curbs ease: Morgan Stanley
Average daily turnover for China's ChiNext Index and overall mainland-traded A-shares increased 25% and 19% respectively
 "Chinese stocks to outperform global peers as curbs ease: Morgan Stanley")
Dharmaj Crop extends gains after listing at 12% premium over issue price
Dharmaj Crop Guard made a good debut on the bourses on Thursday. The shares of the agrochemical company listed at Rs 266 per share on the BSE and the National Stock Exchange (NSE)
 "Dharmaj Crop extends gains after listing at 12% premium over issue price")
'Underweight' on India, China to lead Asian outperformance in 2023: Nomura
The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel
Demat additions lukewarm despite market's extended run in November
About 1.8 million new accounts added, 20% below monthly average for calendar 2022
 "Demat additions lukewarm despite market's extended run in November")
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")