Page 1565 - Markets News
Wipro Q1FY23 net profit likely to drop 8.1% YoY, say analysts
At the bourses, shares of Wipro have tumbled over 43 per cent so far in calendar year 2022. In comparison, Nifty50 and the S&P BSE Sensex have tanked 8 per cent each.
 "Wipro Q1FY23 net profit likely to drop 8.1% YoY, say analysts")
Textile shares rally; VTL, Himatsingka, Nitin Spinners surge up to 19%
According to media reports, cotton price is expected to dip to Rs 60,000 per candy by December 2022 because of the slump in demand and the wait-and-watch strategy of the market players
 "Textile shares rally; VTL, Himatsingka, Nitin Spinners surge up to 19%")
HUL Q1 results preview: Muted volume growth likely due to demand slowdown
HUL Q1 results: Analysts say that the FMCG company's profit margins will continue to bear the brunt of high commodity prices, which were at peak highs for the most part of the quarter.
 "HUL Q1 results preview: Muted volume growth likely due to demand slowdown")
L&T gains 3% as realty arm signs 3 projects worth $1 billion in MMR
L&T Realty has entered into a binding agreement to jointly develop projects in South Mumbai, Western Suburbs and Thane worth Rs 8,000 crore, with development potential of 4.4 million square feet.
 "L&T gains 3% as realty arm signs 3 projects worth $1 billion in MMR")
Q1 impact: Mindtree eyeing 23% upside; HDFC Bank faces hurdle, charts show
Shares of Mindtree seem fairly placed and can rally up to 23 per cent, while ACC, HDFC Bank and ICICI Prudential Life need to conquer key levels for a fresh rally to emerge.
 "Q1 impact: Mindtree eyeing 23% upside; HDFC Bank faces hurdle, charts show")
Quick Heal zooms 20% as board to consider share buyback on July 21
In 2019 and 2021, Quick Heal had bought back 6.33 million equity shares each via tender offer.
 "Quick Heal zooms 20% as board to consider share buyback on July 21")
Luggage stocks in focus: Safari, VIP Inds surge up to 7% on demand revival
Analysts expect that the travel sector is poised for a resurgence on the back of demand revival and increase in consumers confidence.
 "Luggage stocks in focus: Safari, VIP Inds surge up to 7% on demand revival")
Bharat Electronics rallies 5% post Q1 results, strong order book position
With the healthy order book at Rs 55,333 crore, strong pipeline of orders and better margin profile, BEL is well placed to grow its earnings in double digits in the next couple of years, analyst say.
 "Bharat Electronics rallies 5% post Q1 results, strong order book position")
Stocks to Watch Today: HDFC Bank, ICICI Pru, Jindal Steel, Spandana, LTTS
Stocks to Watch Today: Alok Textiles, Ganesh Corporation, Hiedelbergcement, Bank of Maharashtra and Nelco to announce Q1 results on Monday.
 "Stocks to Watch Today: HDFC Bank, ICICI Pru, Jindal Steel, Spandana, LTTS")
Will Nifty50 reclaim 17,000 this week?
Equity markets wilted under selling pressure during four out of five trading sessions last week, amid fears of steeper interest rate hikes. Let's delve into the likely triggers for markets this week
 "Will Nifty50 reclaim 17,000 this week?")
Sebi clears appointment of BSE's Ashish Kumar Chauhan as NSE chief
The NSE will now have to obtain shareholders' nod before Chauhan can take charge
 "Sebi clears appointment of BSE's Ashish Kumar Chauhan as NSE chief")
New kid in D-town: Nifty Financial Services sees steady growth, shows data
Fin Nifty ADTV is still a fraction of the flagship Nifty and Bank Nifty indices, which have clocked an ADTV of Rs 40,000 crore this year
 "New kid in D-town: Nifty Financial Services sees steady growth, shows data")
Market may be less sensitive to Fed meetings in H2CY22: Bernstein MD
'We still see a range-bound market but have lowered the range to 13,500-16,000 for the Nifty50'
 "Market may be less sensitive to Fed meetings in H2CY22: Bernstein MD")
SME IPOs are outliers this year despite a sharp sell-off in the market
The stock prices of 47 companies that have listed on SME bourses this year are up 32 per cent on average
 "SME IPOs are outliers this year despite a sharp sell-off in the market")
Street signs: 15,800 key for Nifty, headwinds for gold financiers & more
Shares of gold finance firms, such as Muthoot Finance and Manappuram Finance, may come under pressure because of the softness in the price of yellow metal
 "Street signs: 15,800 key for Nifty, headwinds for gold financiers & more")
ITC stock puffed up over stable tax regime, steady volume recovery
Better capital allocation and valuation make it a preferred choice amid a volatile environment
 "ITC stock puffed up over stable tax regime, steady volume recovery")
FPIs in selling mode; take out Rs 7,400 cr from equities in July so far
There has been an exodus of foreign funds from the Indian equity market over the last nine months
 "FPIs in selling mode; take out Rs 7,400 cr from equities in July so far")
Six of top-10 firms lose Rs 1.68 trillion in m-cap; TCS biggest laggard
Six of the 10 most valued firms suffered a combined erosion of Rs 1,68,260 crore from their market valuation last week, mainly dragged down by TCS amid an overall weak trend in the equity market
 "Six of top-10 firms lose Rs 1.68 trillion in m-cap; TCS biggest laggard")
Sebi files FIR in cyber security incident; no sensitive data lost
Official spokesperson said, It was a small incident. CERT-IN is fully in the loop. No sensitive data was lost. Root cause has been diagnosed and fixed. Prevention for future has been fully implemeted
 "Sebi files FIR in cyber security incident; no sensitive data lost")
Powered by FMCG, auto stocks; indices snap four-day losing streak
Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards
 "Powered by FMCG, auto stocks; indices snap four-day losing streak")