Page 1575 - Markets News
Recession is the best time to invest; put money now: Trideep Bhattacharya
The first six to nine months of this year (till July or August) will see more volatility, and money making would be difficult, says the CIO-Equities of Edewleiss AMC
 "Recession is the best time to invest; put money now: Trideep Bhattacharya")
Aggressive expansion, higher demand to drive more gains for Titan
Firm's high-margin jewellery Q1 sales were comparable to pre-Covid-19 levels
 "Aggressive expansion, higher demand to drive more gains for Titan")
Metal stocks rally as China considers $220 billion stimulus plan
The move was expected to bolster infrastructure spending in the world's second-largest economy, where stringent Covid-19 lockdowns have led to a slump in demand
 "Metal stocks rally as China considers $220 billion stimulus plan")
Fee pool shrinks by nearly 33% as equity offerings drop in first half
Overall equity issuances during the first half (H1) dropped 40 per cent to $9.1 billion, lowest first-half tally since 2016, according to Refinitiv, a markets data provider
 "Fee pool shrinks by nearly 33% as equity offerings drop in first half")
BSE FMCG Index nears new high as falling input prices spark optimism
Rural demand another reason for buoyant sentiment towards FMCG stocks
 "BSE FMCG Index nears new high as falling input prices spark optimism")
Rupee gains but market unsure of inflows amid global rush to US dollar
The rupee settled at 79.18 per US dollar as against 79.30 per US dollar on Wednesday
 "Rupee gains but market unsure of inflows amid global rush to US dollar")
Muted Q1 may cap upsides in Marico stock as leading brands underperform
Volumes for consumer major's India business below estimates
 "Muted Q1 may cap upsides in Marico stock as leading brands underperform")
Road-based logistics sector may see 7-9% revenue rise this fiscal: Report
The road-based logistics sector is expected to grow 7-9 per cent this fiscal on favourable demand but margins may be under pressure due to higher fuel cost, says a report.
 "Road-based logistics sector may see 7-9% revenue rise this fiscal: Report")
Sensex adds 428 pts, Nifty ends near 16,150; PSBs, OMCs rally; RIL down 1%
CLOSING BELL: It was, largely, a broad-based rally where the Nifty PSU Bank index advanced the most, up 3.4 per cent
 "Sensex adds 428 pts, Nifty ends near 16,150; PSBs, OMCs rally; RIL down 1%")
Chipmakers revive global stocks as euro struggles after freefall
Looming rate hikes have created recession fears in minds of investors leading to stock price drops. However, chipmakers have soothed those fears by reviving stock prices and eased investors
 "Chipmakers revive global stocks as euro struggles after freefall")
This Vijay Kedia-owned stock has more-than-doubled since April
Shares of Elecon Engineering Company hit an over 14-year high of Rs 298.80 in the intra-day trade on Thursday
 "This Vijay Kedia-owned stock has more-than-doubled since April")
Tarsons Products hits 8-month high on heavy volume; soars 20% in a week
In the past six months, the stock soared 32 per cent, as against 9 per cent decline in the S&P BSE Sensex.
 "Tarsons Products hits 8-month high on heavy volume; soars 20% in a week")
TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect
Analysts expect TCS EBIT margin to decline sequentially in Q1 due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).
 "TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect")
These three sectors may sparkle if markets revive sooner-than-expected
While the Nifty Auto and FMCG indices are expected to rise 4%, the Nifty Health Care index may emerge as the dark horse
 "These three sectors may sparkle if markets revive sooner-than-expected")
BSE Auto index hits new high on strong outlook; M&M zooms 37% in 3 months
The strong outperformance in auto sector is mainly due to pick up in pace of monsoons, cut in excise duty on fuels, and decline in global crude prices
 "BSE Auto index hits new high on strong outlook; M&M zooms 37% in 3 months")
Rajratan Global Wire hits record high; zooms 48% in 2 wks on strong outlook
Rajratan is the sole supplier of bead wire to some of the leading companies in the tyre industry and expects to further improve its market share in the Indian market.
 "Rajratan Global Wire hits record high; zooms 48% in 2 wks on strong outlook")
Titan Company extends rally, surges 8% on robust sales in June quarter
The company said jewellery division had a good start to FY23 with robust sales on the auspicious occasion of Akshaya Tritiya in May month after 2 years of Covid induced lockdowns in this period
 "Titan Company extends rally, surges 8% on robust sales in June quarter")
Stocks to Watch: Reliance, Titan, TVS Motor, Power Grid, Equitas SFB, FMCG
Stocks to Watch: Titan on Wednesday said its sales in the April-June quarter were up nearly three-fold on a year-on-year basis, helped by a low base of the Covid-19 impacted quarter in the last year.
Where are crude oil prices headed?
West Texas Intermediate, or WTI crude futures slipped below $100 a barrel mark for the first time since May 11 on Tuesday. Is the era of high oil prices getting over, or was that a temporary blip?
 "Where are crude oil prices headed?")
Hindustan Power Exchange backed by BSE, PTC to commence operations
The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country
 "Hindustan Power Exchange backed by BSE, PTC to commence operations")