Page 1478 - Markets News
Q2 Impact: SBI, BoB may see another 25% upside, UCO Bank 50%, hint charts
SBI hit life-time high, while Bank of Baroda registered a new 52-week high in trades on Monday after the banks reported strong Q2 earnings over the weekend. Here's what the charts indicate ahead.
 "Q2 Impact: SBI, BoB may see another 25% upside, UCO Bank 50%, hint charts")
Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%
At 10:06 am, with a market-cap of Rs 4.52 trillion, Adani Enterprises stood at 9th position in the overall market-cap ranking, the BSE data showed.
 "Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%")
Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club
In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.
 "Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club")
Upside for Gold capped around Rs 52,570; Silver to test hurdle at Rs 60,800
The MCX Gold futures are likely to face resistance around Rs 51,135, above which the up move may still be capped at Rs 52,570. Silver futures have failed to sustain above the 200-DMA since late April.
 "Upside for Gold capped around Rs 52,570; Silver to test hurdle at Rs 60,800")
SBI soars 5%, hits new high on strong Q2; brokerages retain 'Buy' on stock
SBI with its humongous size has reported consistently upbeat performance with this quarter seeing above par growth in earnings and return ratios, said analysts.
 "SBI soars 5%, hits new high on strong Q2; brokerages retain 'Buy' on stock")
Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL
Stocks to watch today: Coal India, Divi's Lab will report the July-September quarter (Q2FY23) results on Monday, November 7; SBI's net profit climbed 73.9 per cent YoY to Rs 13,265 crore in Q2FY23
Govt bond trading volumes drop 25% in October as uncertainty builds
Traders step back from bonds post heavy losses in September; activity largely concentrated in the primary market
 "Govt bond trading volumes drop 25% in October as uncertainty builds")
Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformer
The fund's month-end assets under management increased to Rs6,714.5 crore in September this year, from Rs1,086.8 crore in September 2019
 "Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformer")
The bogey of Oct Effect: 'Month of market crashes' spooks trading community
The average daily trading volume (ADTV) for the National Stock Exchange's equity cash segment has declined sequentially in seven of the 11 years
 "The bogey of Oct Effect: 'Month of market crashes' spooks trading community")
India in a sweet spot despite global fears of recession: IDFC AMC CEO
'Conditions are ripe for a private capital expenditure cycle over the next few years'
 "India in a sweet spot despite global fears of recession: IDFC AMC CEO")
Street signs: Nifty may scale Mt 19K, grey market premium, and more
Last week, the benchmark Nifty and Sensex came close to topping their lifetime highs made in October 2021. Domestic brokerage ICICIdirect expects the Nifty to not just surpass its previous highs
 "Street signs: Nifty may scale Mt 19K, grey market premium, and more")
FPIs turn net buyers; invest Rs 15,280 cr in equities in first week of Nov
After withdrawing funds in the last two months, foreign investors came back strongly in the first week of November and infused Rs 15,280 crore in Indian equities
 "FPIs turn net buyers; invest Rs 15,280 cr in equities in first week of Nov")
Mcap of 7 of top-10 most valued firms rises Rs 1.33 trn; Reliance leads
Seven of the top-10 most valued firms together added Rs 1.33 trillion in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner
 "Mcap of 7 of top-10 most valued firms rises Rs 1.33 trn; Reliance leads")
Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr
Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee
 "Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr")
Earnings, global cues to guide markets in holiday-shortened week: Analysts
Quarterly earnings, global trends and foreign fund movement would continue to set the tone for the equity market in a holiday-shortened week ahead, analysts said
 "Earnings, global cues to guide markets in holiday-shortened week: Analysts")
Will the markets consolidate in this holiday-truncated week?
In the week ahead, Indian markets will focus on the last leg of Q2 results and macro-economic data for further cues on direction. Here's a report
 "Will the markets consolidate in this holiday-truncated week?")
Pakistan stock market attractive on valuation, dividend yield: Chris Wood
The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent
 "Pakistan stock market attractive on valuation, dividend yield: Chris Wood")
Indices eke out gains to end week in green; Sensex gains 113 points
The markets reflect a 'sense of stability', say analysts
ESMA-Indian regulators logjam: European banks' loss may aid US peers
Foreign investors may switch to custodians backed by American banks for India exposure
 "ESMA-Indian regulators logjam: European banks' loss may aid US peers")
Investors pile into cash at fastest rate since Covid-19 crisis: BofA
Cash funds saw inflows of $62.1 billion this week, reflecting investor demand for dollars, which in turn saw the 19th straight week of outflows from gold funds
 "Investors pile into cash at fastest rate since Covid-19 crisis: BofA")