Page 1037 - Markets News
Govt likely to cut bond sales aided by higher cash balance: Officials
The yield on benchmark 10-year bond was little changed at 7.09 per cent on Tuesday
 "Govt likely to cut bond sales aided by higher cash balance: Officials")
Wheels India shares zoom 19% on healthy Q4 results; up 23% in 5 sessions
The uptick came after the company posted a strong set of Q4 numbers. Wheels India's net profit soared 79 per cent on a year-on-year (Y-o-Y) basis to Rs 38.3 crore
 "Wheels India shares zoom 19% on healthy Q4 results; up 23% in 5 sessions")
Nomura upgrades Vodafone Idea to 'Neutral'; sees 13% upside; details here
Vodafone Idea stock outlook: Global brokerage Citi, too, has assigned a 'High Risk Neutral' rating to Vodafone Idea stock with a target of Rs 15
 "Nomura upgrades Vodafone Idea to 'Neutral'; sees 13% upside; details here")
This defence stock has zoomed over 45% in 6 days ahead of stock split
Shares of Bharat Dynamics hit a new high of Rs 2,689.40 as they rallied 10 per cent on the BSE in Tuesday's intraday trade
 "This defence stock has zoomed over 45% in 6 days ahead of stock split")
IRFC shares zoom 5% amid strong Q4 results, Rs 50,000 cr fund raise plan
The stock prices of IRFC zoomed after the public sector undertaking reported strong net profits in the fourth quarter of financial year 2023-24 (Q4FY24)
 "IRFC shares zoom 5% amid strong Q4 results, Rs 50,000 cr fund raise plan")
Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco
On March 5, 2024, KPIL had said the company selected for engineering, procurement and construction (EPC) contracts by Aramco for MGS-3 project.
 "Kalpataru Projects soars 15% on inking Rs 7,550 cr pact with Aramco")
Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks
The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said
 "Bond yields seen easing as Indian govt cuts T-bill supply for 6 weeks")
Bharat Electronics up 9%, m-cap crosses Rs 2 trillion on healthy Q4 results
The stock of state-owned defence company is quoting higher for the sixth straight trading days and zoomed 26 per cent during the period
 "Bharat Electronics up 9%, m-cap crosses Rs 2 trillion on healthy Q4 results")
Sell smallcap, midcap stocks; markets will offer buy-on-dip opportunities: UBS
Among sectors, UBS prefers domestic-linked sectors such as automobiles, consumer durables, industrials / infrastructure, utilities, and real estate
 "Sell smallcap, midcap stocks; markets will offer buy-on-dip opportunities: UBS")
Asia stocks slip as investors await Fed meeting to gauge possible rate cut
Japan's Nikkei was a rare bright spot, rising 0.2%, adding to the previous day's 0.73% rally
 "Asia stocks slip as investors await Fed meeting to gauge possible rate cut")
Stocks to watch on May 21: Oil India, India Cements, Signature Global
Despite tech shares propelling the Nasdaq Composite to record highs, most Asia-Pacific markets saw declines
 "Stocks to watch on May 21: Oil India, India Cements, Signature Global")
Nifty levels, Q4 result, IPOs: Things to know before Opening Bell on May 21
Pre-market update for Indian stock markets, May 21, 2024: Analysts expect markets to remain volatile in the near-term as investors anticipate the Lok Sabha election results
 "Nifty levels, Q4 result, IPOs: Things to know before Opening Bell on May 21")
TCS, ONGC, SAIL, Ujjivan SFB, Trident among nine stocks to track on May 21
In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore
 "TCS, ONGC, SAIL, Ujjivan SFB, Trident among nine stocks to track on May 21")
Buy and Sell ideas: Top technical picks by ICICI Securities for May 21
In the process, volatility would remain high as expectations related to the General election outcome would have bearing on market direction in the upcoming truncated week
 "Buy and Sell ideas: Top technical picks by ICICI Securities for May 21")
Nifty50, Mid Select Index bullish on charts in near term; key details here
The Nifty Mid Select Index, currently at 11,336.85, displays a bullish trend on the charts. However, it is approaching a stiff resistance level around 11,450
 "Nifty50, Mid Select Index bullish on charts in near term; key details here")
Market regulator Sebi offers shield against M&A stock price disruptions
New framework, part of rumour-verification norms, will be rolled out on June 1
 "Market regulator Sebi offers shield against M&A stock price disruptions")
Staging a comeback: PSU stocks climb peaks, but valuation cliff awaits
Analysts warn of price peaks amid government spending surge. Is the rally running out of steam? Brokerages sound caution as upside targets falter
 "Staging a comeback: PSU stocks climb peaks, but valuation cliff awaits")
Iranian President Ebrahim Raisi's death unlikely to impact Indian markets
Major equity markets across Europe and Asia were largely stable on Monday. Indian equity markets were shut due to the general election amidst polling in Mumbai as part of the general elections
 "Iranian President Ebrahim Raisi's death unlikely to impact Indian markets")
FPIs exit BFSI, information technology stocks in May's opening weeks
FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension
 "FPIs exit BFSI, information technology stocks in May's opening weeks")
Metals, stocks shine amid economic optimism due to slower inflation
Gold climbed more than 1% to a record $2,449.89 an ounce, while three-month copper on the London Metal Exchange surged as much as 4.1% to a historic high of $11,104.50
 "Metals, stocks shine amid economic optimism due to slower inflation")