Page 1479 - Markets News
Markets settle higher after two days of fall, Sensex climbs 113.95 points
Dr Reddy's, Hindustan Unilever Limited, Infosys, HDFC Bank and NTPC were among the laggards
 "Markets settle higher after two days of fall, Sensex climbs 113.95 points")
Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%
CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.
 "Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%")
This bank stock has zoomed over 50% in 3 days on robust Q2 results
Karnataka Bank surged 19% to Rs 143 in the intra-day trade on Friday. It was trading at its highest level since February 2018
 "This bank stock has zoomed over 50% in 3 days on robust Q2 results")
Adani Enterprises nears record high after strong Q2FY23; stock surges 5%
In the past one week, Adani Enterprises outperformed the market as shares surged 13 per cent, as against 1.3 per cent rise in the S&P BSE Sensex
 "Adani Enterprises nears record high after strong Q2FY23; stock surges 5%")
Rail Vikas Nigam, RITES touch all-time highs; zoom up to 62% in 3 months
Shares of RITES were up 6 per cent at Rs 433.20 in intra-day trade, surging 15 per cent in the past two days, while RVNL surged 9 per cent to surpass its previous high of Rs 44.75
 "Rail Vikas Nigam, RITES touch all-time highs; zoom up to 62% in 3 months")
IEX's total trade volume dips 13% to 7,972 million units in October
The Indian Energy Exchange (IEX) achieved 7,972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU)
 "IEX's total trade volume dips 13% to 7,972 million units in October")
Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside
Raymond zoomed 3 per cent on Friday to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session.
 "Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside")
Bank of Baroda Q2 results preview: Here's what key brokerages expect
Bank of Baroda Q2 preview: Treasury income is projected just at Rs 100 crore, down 92 per cent YoY from Rs 1,221 crore.
 "Bank of Baroda Q2 results preview: Here's what key brokerages expect")
Amara Raja Batteries soars 10% amid heavy volumes on strong Q2 results
The company's net profit jumped 43 per cent YoY, and it witnessed robust demand in the automotive sector from the aftermarket as well as OEM segments.
 "Amara Raja Batteries soars 10% amid heavy volumes on strong Q2 results")
Hero MotoCorp shares fall over 2.5% after Q2 earnings announcement
Hero MotoCorp on Thursday reported a 9 per cent decline in its consolidated net profit at Rs 682 crore for the second quarter ended September 30
 "Hero MotoCorp shares fall over 2.5% after Q2 earnings announcement")
Vedanta hits 5-month high; rallies 16% in four days on heavy volumes
For the July-September quarter (Q2FY23), the metals and mining major reported a 60.8 per cent year-on-year (YoY) decline in consolidated net profit at Rs 1,808 crore on the back of higher expenses
 "Vedanta hits 5-month high; rallies 16% in four days on heavy volumes")
SBI Q2 PAT may rise up to 98% QoQ, asset quality could improve: Analysts
SBI Q2 preview: SBI's NII is expected to grow less than 10 per cent both, yearly and sequentially, and may come in the range of Rs 32,681 crore to Rs 33.537.6 crore
 "SBI Q2 PAT may rise up to 98% QoQ, asset quality could improve: Analysts")
Indian firms outpace parent companies in valuations, shows data
Besides valuation differential, the Indian market is considered to be one of the key markets for most of these MNCs
 "Indian firms outpace parent companies in valuations, shows data")
HPCL slips 4%, nears 52-week low on net loss in September quarter
The state-owned oil marketing company reported the second straight quarterly loss despite revenue rising 30 per cent to Rs 1.13 trillion.
 "HPCL slips 4%, nears 52-week low on net loss in September quarter")
ESMA withdraws recognition granted to Indian clearing corporations
Move on account of lack of cooperation arrangements between the EU regulator and Indian authorities
 "ESMA withdraws recognition granted to Indian clearing corporations")
F&O Call: Nandish Shah recommends this F&O trading strategy in Vedanta
The derivative analyst from HDFC Securities recommends buying Vedanta 310 Call and simultaneously selling 330 Call of the November series.
 "F&O Call: Nandish Shah recommends this F&O trading strategy in Vedanta")
Here's why Mehul Kothari expects a turnaround in Birla Corp, IEX
According to the technical analyst from Anand Rathi, IEX can be bought for a target of Rs 156, while Birla Corp can rally to Rs 1,020.
 "Here's why Mehul Kothari expects a turnaround in Birla Corp, IEX")
Is geopolitics a bigger worry for markets than rate hikes?
After the Russia-Ukraine war, fresh geo-political tensions are brewing in other regions too. Will these global worries affect markets globally? Are they a bigger worry than central bank policy action?
 "Is geopolitics a bigger worry for markets than rate hikes?")
Stocks to Watch: Adani Enterprises, Vi, Hero Moto, Amara Raja, Blue Star
Stocks to Watch: Vodafone India's net loss widened 6.4 per cent on a year-on-year (YoY) basis at Rs 7,595 crore in the second quarter of FY23 due to an increase in finance and operating expenses
 "Stocks to Watch: Adani Enterprises, Vi, Hero Moto, Amara Raja, Blue Star")
The growing clout of finfluencers is putting Sebi regulations to test
Between April and September, ASCI has observed 71 violations of its disclosure guidelines by financial influencers
 "The growing clout of finfluencers is putting Sebi regulations to test")