Page 31 - Stock Market Today

Sensex, Nifty hit new record highs on firm global trends, buying in FMCG

Buying in FMCG, oil and gas, power and select banking shares supported the recovery while losses in IT and auto shares capped gains, analysts said

High valuations may cap further rally in IRCTC stock despite good revenue

At trailing PE of 65x it seems to fully discount future growth and visibility of good revenue streams

Markets pause after posting their longest winning streak in three years

Take a breath after weeks of gains, focusing on selective value stocks amidst profit-taking

India's market cap now just a whisker away from toppling Hong Kong's

A significant portion of Hong Kong's market cap is due to companies from Mainland China choosing to list in the city

At Rs 3 trillion, corporate guarantees highest in 4 years but far from peak

Despite this steep rise, total outstanding corporate guarantees are still 28 per cent lower than the record high of Rs 4.23 trillion at the end of FY14

Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K

Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains

SAT quashes Sebi order in 'dark fibre' case, slashes penalties on NSE

SAT set aside the total penalty of Rs 7 crore imposed on NSE in the Sebi adjudicating officer order. The penalty on Chitra Ramkrishna has be­en brought down from Rs 5 crore to Rs 25 lakh

MFs can generate Rs 3 trn arsenal every year to counter FPI flows: Kotak MF

MFs emerged as a key support for the market in the calendar year 2022 amid a sharp pullout by foreign investors

RuPay credit cards could help SBI Cards gain share on UPI spends

One gamechanger could be increasing penetration of RuPay cards, which run on the UPI platform

Market capitalisation of BSE-listed firms hit all time high of Rs 355 trn

Global markets rallied after the US Federal Reserve kept its key interest rate unchanged and signalled that they expect to make three quarter-point cuts to their benchmark interest rate next year

Growth gains, dividend yield along with stable taxation to boost ITC stock

Non-cigarette segments have delivered annual revenue growth of 14% and net profit growth of 20% over FY18-23

Mutual Fund IPOs anchor bigger than FPIs for a second year in a row

So far this calendar, domestic funds subscribe for shares worth Rs 5,577 cr in anchor category, while FPIs Rs 5,417 cr

China challenge for Indian agrichemicals firm PI Industries

One positive from PI Industries' perspective is the diversification of its revenue base into pharmaceuticals

Sebi tweaks rule on upstreaming clients' funds by brokers to clearing corps

This came after Sebi received representations from various stakeholders -- stock brokers, and brokers' associations citing certain operational difficulties in implementation of the framework

Road projects likely to hit slow lane ahead of 2024 Lok Sabha elections

Bharatmala's cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the Finance Ministry has asked MoRTH to go slow until Cabinet approval is received

Sebi halts Religare Commodities' registration in NSEL paired contracts case

Sebi on Tuesday suspended the registration of brokerage firm Religare Commodities for its alleged involvement in illegal paired contracts on the now defunct National Spot Exchange Ltd

Jindal Stainless, PNB among four stocks to enter MSCI global index in Feb

A slide in shares of Indraprastha Gas and Petronet LNG could increase the risk of their expulsion from the MSCI index

Sebi to frame rules for REITs, InvITs issuing subordinate units to sponsors

Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates.

Sustained improvement in demand: A key factor for upsides in metal stocks

The outlook seems less grim but there is still a question-mark around sustainable improvement in demand

Sharp downgrades likely to keep Paytm stock under pressure in market

The buy now, pay later (BNPL) business may moderate sharply with disbursements down by 15-18 per cent