BUSINESS
Shipping and defence stocks see buying interest on order wins
Shipbuilding stocks were in focus as the main counters gained. Cochin Shipyard was at upper circuit of 20 per cent, Garden Reach Shipbuilders was up 10 per cent, while Mazagaon Dock Shipbuilders was up 9 per cent.
India's $775 bn stock boom at risk as small cap stocks overheat
That poses risks as gauges of small and mid-cap shares show signs of overheating, and as the domestic economic outlook becomes more clouded ahead of national elections next year, Bloomberg reported.
Indian aviation sector to grow 8-13% in FY24:ICRA
The agency maintained a Stable outlook on the Indian aviation industry amidst the continued recovery in domestic and international air passenger traffic in FY2024, and improved pricing power of the carriers.
Froth accumulating in small cap stocks segment: Analysts
The market has turned excessively volatile responding to fast changing incoming data. DIIs have been consistent buyers on the back of good flows to domestic mutual funds. But FIIs have been consistently selling in the cash market this month with a net sell figure of Rs 7,850 crore, he added.
Paper, sugar, fertiliser stocks witness huge buying
The broader market too ended in green with Midcap100/Smallcap100 up 0.1per cent/0.2 per cent.
India Resurgence Fund to acquire API and CRAMS business of Ind-Swift Laboratories for Rs 1,650 cr
IndiaRF, a leading India-focused investment platform promoted by Piramal Enterprises Limited and Bain Capital, will acquire the business for a consideration of Rs 1,650 crore.
Investors will have faster cash in hand as SEBI plans one hour trade settlement
"We do not see any impediment in Sebi's plan to implement one-hour settlement of trades first. It is highly implementable when Clearing Corporations and Depositories are ready with the systems. UPI's success created confidence in near real time settlement," he said.
Not in negotiations to acquire Haldiram’s: Tata Consumer
In a clarification, Tata Consumer said it is not in negotiations with the Halidram’s as reported in media reports.
Markets showing signs of weakness on deficient monsoon, strong dollar
For the first time in the past few months we are seeing some rationality coming in amongst mid/small-caps. However, consistent inflows In mid/small-caps can protect downside in the coming months, he added.
Nifty up for fourth consecutive day even as crude prices rise
While Nifty 50 added 36 points to end the day at 19,611, Sensex gained 100 points to close at 65,880.
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