Page 1571 - Markets News
Sensex snaps 3-day bull run, dips 87 pts; Airtel, TCS shed 5%, PSBs soar
CLOSING BELL: Adani Group shares rallied up to 12 per cent on the BSE in Monday's intra-day trade, in otherwise a weak market, amid the group's foray into telecom business
 "Sensex snaps 3-day bull run, dips 87 pts; Airtel, TCS shed 5%, PSBs soar")
ITC hits 52-week high on hopes of strong Q1 nos; soars 36% thus far in 2022
ITC is expected to post strong 23.3% revenue growth led by 21.8% growth in the cigarettes business, 28% growth in paperboard business & 17.5% growth in FMCG business, ICICI Securities said.
 "ITC hits 52-week high on hopes of strong Q1 nos; soars 36% thus far in 2022")
Adani Group shares rally up to 12%; Adani Total Gas hits record high
The Group said it has participated in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airport, ports & logistics and other businesses
 "Adani Group shares rally up to 12%; Adani Total Gas hits record high")
Adani eyes 5G pie: Airtel, Voda Idea need to hold these levels going ahead
Bharti Airtel and Vodafone Idea can slip into a bear trap if these key supports levels are breached; MTNL by far seems a safer bet.
 "Adani eyes 5G pie: Airtel, Voda Idea need to hold these levels going ahead")
TCS Q1 review: Brokerages caution against early signs of demand slowdown
The company has indicated that the near-term demand outlook remains strong, but senior-level client executives have started discussing a potential recession, said Nomura.
 "TCS Q1 review: Brokerages caution against early signs of demand slowdown")
Dr Reddy's gains over 3% on new drug launch in the US market
The company launched its generic version of fesoterodine fumarate extended-release tablets that can be used for treating overactive bladder in the US market.
 "Dr Reddy's gains over 3% on new drug launch in the US market")
Airtel falls 5% as Adani Group mulls 5G spectrum bid; Voda Idea jumps 6%
The reaction comes even as Adani Group said it does not intend to be in the consumer mobility space
 "Airtel falls 5% as Adani Group mulls 5G spectrum bid; Voda Idea jumps 6%")
Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group
Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.
 "Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group")
Will retail stocks storm through the wave of inflation?
Despite inflation headwinds in retail sector, analysts say it to be on the cusp of accelerated earnings growth after a lull due to Covid-19. Can retail stocks weather through the inflation storm?
 "Will retail stocks storm through the wave of inflation?")
Sebi mulls making 'market risk factor disclosures' to help investors
The move, which is still in a preliminary stage of discussion, can help investors avoid a herd mentality that has been particularly witnessed during the last couple of years
 "Sebi mulls making 'market risk factor disclosures' to help investors")
TVS Motor to ride strong on profitability gains in FY23: Brokerages
Volume recovery, market-share gains, and EV plans are other triggers
 "TVS Motor to ride strong on profitability gains in FY23: Brokerages")
Some moderation in domestic flows cannot be ruled out: Rahul Singh
'Our investment strategy has been to stay balanced between growth and value, with higher interest rates likely to make markets much more valuation-conscious than in the past few years'
 "Some moderation in domestic flows cannot be ruled out: Rahul Singh")
Fund Pick: Nippon India Small Cap Fund is the long-term outperformer
The fund took exposure to 270 stocks in three years and has held 67 stocks consistently
 "Fund Pick: Nippon India Small Cap Fund is the long-term outperformer")
IREDA may raise up to Rs 15,000 crore via long-term bonds in FY23
IREDA has a well-diversified borrowing profile, with access to funds through tax-free bonds, taxable bonds, bank/financial institution (FI) loans, masala bonds and foreign currency loans
 "IREDA may raise up to Rs 15,000 crore via long-term bonds in FY23")
FPIs raise the ante by driving up allocation to oil & gas, auto stocks
FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps
 "FPIs raise the ante by driving up allocation to oil & gas, auto stocks")
Street Signs: Market uptrend, short covering in Tata Motors, and more
Nifty has not gained for more than three weeks in a row since mid-January 2022
 "Street Signs: Market uptrend, short covering in Tata Motors, and more")
IT stocks likely to remain under pressure amid global headwinds: Analysts
Cross-currency headwinds and large scale talent churn resulting in higher wage hikes are some of the challenges the Indian IT firms are facing, say analysts
 "IT stocks likely to remain under pressure amid global headwinds: Analysts")
Q1 earnings, inflation figures, global cues to dictate markets next week
Domestic equity market this week will be influenced by macro data announcements, including inflation number for June, first quarter earnings from companies, global trends and foreign funds movement
 "Q1 earnings, inflation figures, global cues to dictate markets next week")
FPIs take out Rs 4,000 crore from equities in July; pace of selling slows
Foreign investors continue to desert Indian equity markets and have pulled out over Rs 4,000 crore this month so far amid steady appreciation of the dollar and rising interest rates in the US
 "FPIs take out Rs 4,000 crore from equities in July; pace of selling slows")
BSE smallcap, midcap fall 13% in 2022, worse than Sensex, blue chip stocks
Falling up to 13 per cent this year so far, BSE smallcap and midcap stocks have lagged behind Sensex as experts said these indices had climbed more than the frontline index during the "good times"