Page 1577 - Markets News
Stocks to Watch Today: Adani Power, Biocon, Tata Steel, NTPC, PSU Banks
Stocks to Watch Today: Among airline shares, SpiceJet has reported seven aircraft related incidents in the last two months; while IndiGo said has hired over 1,500 cabin crew staff to counter likely at
 "Stocks to Watch Today: Adani Power, Biocon, Tata Steel, NTPC, PSU Banks")
India Inc's FY22 shareholder payout higher than biz reinvestment
FY22 was the second consecutive year when shareholder payout exceeded annual investment in fixed assets
 "India Inc's FY22 shareholder payout higher than biz reinvestment")
PSUs face further investment apathy; privatisation may struggle: Analysts
The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes
 "PSUs face further investment apathy; privatisation may struggle: Analysts")
Market litmus turns red as shares erase gains; rupees hits fresh record low
The NSE Nifty50 Index ended down 0.15 per cent at 15,810.85, while the S&P BSE Sensex dropped 0.2 per cent to 53,134.35
 "Market litmus turns red as shares erase gains; rupees hits fresh record low")
Markets find their feet as FPIs step off pedal after brutal selloff
In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight
 "Markets find their feet as FPIs step off pedal after brutal selloff")
Despite biting inflation, analysts bullish on retail stocks for long haul
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
 "Despite biting inflation, analysts bullish on retail stocks for long haul")
Oil plummets below $100 per barrel as recession risks come to forefront
Investors are fretting about the possibility of an economic downturn as central banks across the world take aggressive actions to limit inflation
 "Oil plummets below $100 per barrel as recession risks come to forefront")
India's June gold imports treble from year ago on price correction
The country had imported 49 tonnes of gold in June, compared with 17 tonnes a year earlier, the source said on condition of anonymity
 "India's June gold imports treble from year ago on price correction")
Sensex falls 732 pts from day's high, ends 100 pts down; Rupee at new low
CLOSING BELL: n the broader markets. the BSE MidCap index fell 0.4 per cent, but the BSE SmallCap inde rose by 0.2 per cent
 "Sensex falls 732 pts from day's high, ends 100 pts down; Rupee at new low")
This Porinju Veliyath-owned stock has zoomed over 130% from May lows
Orient Bell hit a fresh all-time high of Rs 779 as the company's stock rallied 13% on the BSE
 "This Porinju Veliyath-owned stock has zoomed over 130% from May lows")
Mahindra group: M&M, Mahindra Holidays may jump up to 25%, charts show
The Mahindra Group stocks, barring Tech Mahindra, have outperformed the benchmark indices considerably so far in 2022, and look fairly strong on the charts poised for more gains ahead.
 "Mahindra group: M&M, Mahindra Holidays may jump up to 25%, charts show")
Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts
Amid weakening consumer confidence and flaring inflation, analysts say that the corporate earnings this quarter will be a mixed bag, with select pockets like banks being the frontrunners.
 "Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts")
PSP Projects rallies 11%, nears record high on strong order book position
In the past 11 trading days, the stock price of PSP Projects has zoomed 31 per cent after promoters bought shares from the open market.
 "PSP Projects rallies 11%, nears record high on strong order book position")
Fiem Industries surges 6% on healthy outlook, stock up 56% in one month
Overall, the management believes that the worst is behind the two-wheeler industry and expects the industry to get back on its growth path.
 "Fiem Industries surges 6% on healthy outlook, stock up 56% in one month")
Tata Power gains 2% on MoU with Tamil Nadu govt for Rs 3,000-cr solar plant
The MoU is for setting up a greenfield 4GW solar cell and 4GW solar module manufacturing plant in Tirunelveli district of Tamil Nadu
 "Tata Power gains 2% on MoU with Tamil Nadu govt for Rs 3,000-cr solar plant")
ITC hits highest level since May 2019; stock soars 10% in 6 days
ITC has been gaining market share in cigarettes over the last one year through new premium products & aggrieve trade promotions
 "ITC hits highest level since May 2019; stock soars 10% in 6 days")
Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants
Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i
 "Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants")
IndiGo, SpiceJet's fight for cabin crew to add to margin woes
IndiGo posted its worst on-time performance recently. Reports suggest, the cabin crews were missing. They went for interviews at rival airlines. Is another storm set to hit Indian aviation sector?
 "IndiGo, SpiceJet's fight for cabin crew to add to margin woes")
Indices snap 3-day losing run amid firm global cues; Sensex up 326 pts
The market breadth was in favour of the bulls, with 24 of the 30 Sensex counters logging gains
Markets unlikely to bottom out soon amid recession fears: Nomura
As regards valuations, Nomura believes stocks have largely (if not fully) priced in expectations of higher policy/discount rates. They expect the markets to remain choppy in the near-term
 "Markets unlikely to bottom out soon amid recession fears: Nomura")