Page 1579 - Markets News
Import duty hike likely to weigh on stocks of gold jewellery retailers
Analysts were bullish on Titan before, but may downgrade target price
 "Import duty hike likely to weigh on stocks of gold jewellery retailers")
Markets end the day with tiny losses even as heavyweight RIL tanks 7%
Despite falling for three consecutive sessions, both the Sensex and Nifty added 0.3 per cent for the week, their second straight weekly advance
 "Markets end the day with tiny losses even as heavyweight RIL tanks 7%")
Damocles Sword on oil stocks: Is it time for you to rethink your position?
The government has levied Rs 6 per litre tax on ATF and petrol exports and imposed Rs 13 per litre tax on diesel exports
 "Damocles Sword on oil stocks: Is it time for you to rethink your position?")
New Mauritius tax norms to hit PE investments in India, says IVCA
The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation
 "New Mauritius tax norms to hit PE investments in India, says IVCA")
Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr
FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows
 "Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr")
More upside in ITC stock with some help from stable taxation of cigarettes
Analysts say while valuations of global tobacco peers are back to pre-pandemic levels, ITC still trades at a 24% discount to its Jan 2019 valuation of 25.4x one-year forward EPS
 "More upside in ITC stock with some help from stable taxation of cigarettes")
Sebi extends last date for implementation of new pledging system to Sept 1
Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"
 "Sebi extends last date for implementation of new pledging system to Sept 1")
Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%
Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock
 "Sensex falls 111 pts, Nifty holds 15,750; RIL sinks 7%, MRPL 10%")
Beaten down consumer durables still weak; Bajaj Electricals may buck trend
Voltas, Havells, Blue Star and Whirlpool need to conquer their crucial hurdles to exhibit bullishness.
 "Beaten down consumer durables still weak; Bajaj Electricals may buck trend")
Bajaj Auto slips 3% on flat June sales numbers; sheds 7% in last three days
The company's total two-wheeler sales grew 2 per cent year on year (YoY) to 315,948 units, mainly due to a 23 per cent YoY jump in exports at 190,865 units during the month.
 "Bajaj Auto slips 3% on flat June sales numbers; sheds 7% in last three days")
Petrol export duty: Will RIL shares fall more after Friday's 9% slide?
The bias for Reliance remains positive, with strong support seen at the 50-WMA, below which the next significant support is at Rs 2,350.
 "Petrol export duty: Will RIL shares fall more after Friday's 9% slide?")
Parag Milk Foods slips 12%, stock hits 52-week low as Q4 loss widens
For the financial year 2021-22, Parag Milk Foods reported a loss of Rs 532.50 crore, due to one-time write down of Rs 509.50 crore.
 "Parag Milk Foods slips 12%, stock hits 52-week low as Q4 loss widens")
ITC gains 2% in a weak market, stock nears 52-week high
A stable tax environment for cigarettes in recent years has allowed ITC to calibrate price increases to avoid a disruption in demand.
 "ITC gains 2% in a weak market, stock nears 52-week high")
Jamna Auto hits record high; rallies 17% in one week on healthy outlook
The volumes of M&HCV's/ truck's, the key end-user segment for the Jamna Auto Group, grew by nearly 49% in FY2022
 "Jamna Auto hits record high; rallies 17% in one week on healthy outlook")
Consider buying India Cements, 3M India on dips, recommends Mehul Kothari
According to the technical analyst from Anand Rathi, India Cements can be bought closer to Rs 155 and 3M India should be bought near Rs 21,800.
 "Consider buying India Cements, 3M India on dips, recommends Mehul Kothari")
Stocks to watch: Maruti Suzuki, Airtel, Hind Copper, IHCL, SAIL, UPL, Lupin
Stocks to watch today: Maruti Suzuki launched refurbished version of popular compact SUV - Brezza; Future Enterprises defaulted on payment of interest of Rs 6.1 crore for NCDs.
 "Stocks to watch: Maruti Suzuki, Airtel, Hind Copper, IHCL, SAIL, UPL, Lupin")
F&O Strategy: Here's why Nandish Shah recommends a Bull Spread on Axis Bank
The technical analyst from HDFC Securities recommends buying Axis Bank 640 Call and simultaneously selling 650 Call for the July expiry.
 "F&O Strategy: Here's why Nandish Shah recommends a Bull Spread on Axis Bank")
Top triggers likely to set market direction in second-half of 2022
Investors complete the first half of CY2022 with burned pockets. All eyes are now on what the remaining six months will look like. Take a dive into the factors that may set the market's direction
 "Top triggers likely to set market direction in second-half of 2022")
Parsvnath barred from investing in securities market for six months
Sebi found that Parsvnath Developers Ltd (PDL) failed to make provision for the outstanding amount in ledger accounts of contractors and sub-contractors
 "Parsvnath barred from investing in securities market for six months")
Rupee consolidates against dollar after sharp depreciation this week
Dealers say magnitude of RBI interventions slowed down over past couple of days
 "Rupee consolidates against dollar after sharp depreciation this week")