Page 1554 - Markets News
Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%
CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each
 "Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%")
Delhivery enters top 100 most-valued firms' club; m-cap tops Rs 50,000 cr
At 01:58 PM, Delhivery commanded a market-cap of Rs 50,382 crore, and ranked 95th in the overall m-cap ranking list, BSE data shows
 "Delhivery enters top 100 most-valued firms' club; m-cap tops Rs 50,000 cr")
CG Power hits all-time high; surges 30% in one month on strong outlook
The company said it has been identifying areas of synergies with Tube Investments and the Murugappa Group to take the pillars of growth much higher in the next 3-5 years
 "CG Power hits all-time high; surges 30% in one month on strong outlook")
After $30 bn exodus, foreign funds trickle back into Indian equities
Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets
 "After $30 bn exodus, foreign funds trickle back into Indian equities")
Sugar stocks in focus: Short-term reversal or have they bottomed out?
After the massive slaughtering post April 2022, sugar stocks consolidated in June and are now witnessing a pullback rally.
 "Sugar stocks in focus: Short-term reversal or have they bottomed out?")
Eicher Motors gains 3%, nears record high on healthy demand outlook
The stock has rallied nearly 20% in the past one month on expectation of a strong pick-up in demand on the back of upcoming new launches
 "Eicher Motors gains 3%, nears record high on healthy demand outlook")
GSFC soars 15% as Q1 profit more-than-doubles; stock up 39% from June low
Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.
 "GSFC soars 15% as Q1 profit more-than-doubles; stock up 39% from June low")
Hindustan Foods hits new high post 1:5 stock split, zooms 37% in two days
The company had fixed July 22, 2022 as the record date for the purpose of sub-division of every 1 equity share of the face value of Rs 10 each into 5 equity shares of the face value of Rs 2 each.
 "Hindustan Foods hits new high post 1:5 stock split, zooms 37% in two days")
Infosys net profit likely to surge up to 10% YoY in Q1FY23, say analysts
Infosys Q1 preview: Investors will closely monitor the management's commentary on clients' IT spending, demand environment amid macro stress, margin outlook, and growth guidance for FY23
 "Infosys net profit likely to surge up to 10% YoY in Q1FY23, say analysts")
Can Fin Homes surges 9% as net profit soars 49% YoY in June quarter
Pre-provision operating profit (PPOP) was up 10 per cent QoQ and 40 per cent YoY to Rs 215 crore
 "Can Fin Homes surges 9% as net profit soars 49% YoY in June quarter")
RIL gains 1% ahead of Q1 result today; stock slides 5.5% so far in FY23
RIL Q1 result: Analysts expect Reliance Industries to report a strong set of numbers in Q1FY23, driven by robust oil earnings
 "RIL gains 1% ahead of Q1 result today; stock slides 5.5% so far in FY23")
Here's why Mehul Kothari recommends buying Wipro, Cummins on dips
According to the technical analyst from Anand Rathi, Cummins India can rally to Rs 1,400 on the upside, while Wipro can target Rs 450.
 "Here's why Mehul Kothari recommends buying Wipro, Cummins on dips")
Stocks to Watch: RIL, ITC, CRISIL, PVR, GSFC, RBL Bk, Hindustan Zinc, Sugar
Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.
 "Stocks to Watch: RIL, ITC, CRISIL, PVR, GSFC, RBL Bk, Hindustan Zinc, Sugar")
ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%
Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year
 "ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%")
Will RIL Q1 numbers spring a surprise?
Shares of Reliance are at crossroads. The govt slashed windfall tax on fuel exports. And Singapore Gross Refining Margins are down to about $4 a barrel. This may fade RIL's abnormal profits in Q1FY23
 "Will RIL Q1 numbers spring a surprise?")
What is a pullback rally?
Markets witness pullback rallies or reversal, after witnessing steep one-sided moves. Our next report will help you understand the three key parameters to identify a pullback and how can you use it
 "What is a pullback rally?")
Gland Pharma faces a revenue growth hurdle in FY23; stock falls
The low margin syringes business was impacted by supply chain challenges and shutdown of two manufacturing lines in the domestic market
 "Gland Pharma faces a revenue growth hurdle in FY23; stock falls")
Bulls back on D-Street: Indices gains 4% in the past 5 trading sessions
IndusInd Bank was the best-performing Sensex stock and rose 7.8 per cent
 "Bulls back on D-Street: Indices gains 4% in the past 5 trading sessions")
Amid rising investor interest, Sebi mulls regulating online bond platforms
The consultation paper has proposed regulations to address the risks flagged by the regulator
 "Amid rising investor interest, Sebi mulls regulating online bond platforms")
Reliance Industries in focus as benchmark refining margin slips
Stock falls a day after windfall tax cut; crude refiner's results today
 "Reliance Industries in focus as benchmark refining margin slips")