Page 1005 - Markets News
Brokerages on board with Budget but for capital gains tax curveball
As markets sift the Budget's fine print, they'll also monitor Q1 earnings, monsoon trends, and global factors
 "Brokerages on board with Budget but for capital gains tax curveball")
India likely to amend rules to check hot flows on bond index entry
Central bank has designated class of bonds that can have full foreign ownership, JPMorgan Chase & Co. has included securities from this set of bonds into its emerging markets index that India joined
 "India likely to amend rules to check hot flows on bond index entry")
7 in 10 intraday traders in equity cash suffered losses in FY23: Sebi study
Above trading losses incurred, loss makers expended additional 57 per cent of their trading losses as trading costs in 2022-23, while profit makers spent 19 per cent of trading profits as trading cost
 "7 in 10 intraday traders in equity cash suffered losses in FY23: Sebi study")
CME Group's profit for Q2 rises 11% on futures and options growth
On an adjusted basis, net income rose to $932.2 million, or $2.56 per share, in the quarter, from $836.4 million, or $2.30 per share, a year earlier
 "CME Group's profit for Q2 rises 11% on futures and options growth")
Market Highlights, July 24: Post Budget jitters, Bajaj twins drag Sensex 280 pts, Nifty below 24,450
Stock Market Highlights on Wednesday, July 24: Selling in Bajaj Finance, Axis Bank, Bajaj Finserv, HUL, Nestle India, Adani Ports, SBI, Kotak Bank, and IndusInd Bank weighed on the frontline indices
 "Market Highlights, July 24: Post Budget jitters, Bajaj twins drag Sensex 280 pts, Nifty below 24,450")
Torrent Pharma tanks 4% post Q1FY25 results; analysts update target prices
Shares of Torrent Pharma slumped up to 4.26 per cent at Rs 646.70 per share on the BSE in Tuesday's intraday deals. This came despite the Indian drugmaker delivering a strong April-June quarter
 "Torrent Pharma tanks 4% post Q1FY25 results; analysts update target prices")
Zydus Life stock price jumps 6% on USFDA nod for Valsartan tablets
The shares surged after the pharmaceutical major announced that it has secured final nod from United States Food and Drug Administration (USFDA) for Valsartan tablets.
 "Zydus Life stock price jumps 6% on USFDA nod for Valsartan tablets")
IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit
IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.
 "IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit")
Thyrocare Tech stock skyrockets 17% post Q1FY25 results; details here
Thyrocare Technologies stock surged up to 16.75 per cent at Rs 759 per share on the BSE in Wednesday's intraday trade
 "Thyrocare Tech stock skyrockets 17% post Q1FY25 results; details here")
Krsnaa Diagnostics shares rise 5% on order win from MP Govt to set up MRIs
Krsnaa Diagnostics stock surged up to 5.35 per cent at Rs 684.40 per share on the BSE in Wednesday's intraday trade
 "Krsnaa Diagnostics shares rise 5% on order win from MP Govt to set up MRIs")
This PSU telecom stock has zoomed 110% in 2 weeks; hits over 14-year high
MTNL share price was locked in the 5% upper circuit at Rs 88.06, MTNL stock is quoting at its highest level since January 2010
 "This PSU telecom stock has zoomed 110% in 2 weeks; hits over 14-year high")
Schaeffler India zooms 7% on robust June quarter show; topline grows 15%
The uptick in stock price came after the company posted a strong set of second quarter of calendar year 2024 (Q2CY24) results.
 "Schaeffler India zooms 7% on robust June quarter show; topline grows 15%")
KEC International stock price surges sharply on Rs 1,422 crore-order win
The KEC International stock rose 2.23 per cent to hit an intraday high of Rs 899.75 per share following the order win.
 "KEC International stock price surges sharply on Rs 1,422 crore-order win")
ICICI Prudential stock soars 8%, hits over 2-yr high on healthy Q1 results
The company reported a healthy Q1FY25 performance, driven by a strong 34.4% APE growth and VNB margin at 24% resulting in a slight miss of around 1% on VNB to Rs 470 crore, analysts said.
 "ICICI Prudential stock soars 8%, hits over 2-yr high on healthy Q1 results")
RVNL, HAL: Is there more downside for Rail, Defence stocks post Budget?
Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.
 "RVNL, HAL: Is there more downside for Rail, Defence stocks post Budget?")
IOL Chemicals zooms 5% on drug nod from European regulator: details here
OL Chemicals and Pharmaceuticals stock surged up to 4.59 per cent at Rs 415.15 per share on the BSE in Wednesday's intraday trade
 "IOL Chemicals zooms 5% on drug nod from European regulator: details here")
Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani
Union Budget 2024 analysis: The government has laid out a clear vision for 'Viksit Bharat' by addressing key areas - agricultural reforms, manufacturing push and employment generation among others
 "Budget 2024 is growth oriented, addresses right sectors: Vikas Khemani")
Here's why Bajel Projects stock rallied 10% on July 24; check details here
The stock price surged after the company announced that it has secured an order worth Rs 586.28 crore.
United Spirits soars 7%; market cap touches Rs 1 trn on strong Q1 results
At 11:23 AM, with Rs 1.02 trillion market capitalisation, USL was trading 6 per cent higher at Rs 1,406.20 on the BSE, as against 0.29% decline in the BSE Sensex.
 "United Spirits soars 7%; market cap touches Rs 1 trn on strong Q1 results")
Cipla Q1 Preview: Restructure in biz may dent sales; profits to rise 7%
Cipla is expected to see a decent June quarter with revenues estimated to increase in upper single digits on a year on year basis and net profits seeing a mid single digit growth
 "Cipla Q1 Preview: Restructure in biz may dent sales; profits to rise 7%")