Page 1633 - Markets News
Rupee advances to 75.91 against US dollar on low crude prices
On Friday, the rupee appreciated by 10 paise to settle at 75.93 against the US dollar
 "Rupee advances to 75.91 against US dollar on low crude prices")
Domestic air traffic up 59% in FY22, 40% lower than pre-Covid level: Icra
It also expects elevated Aviation Turbine Fuel prices, aggravated by geo-political issues, to remain a near-term challenge for industry and will be a key determinant of profitability for the sector
 "Domestic air traffic up 59% in FY22, 40% lower than pre-Covid level: Icra")
Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
 "Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%")
TCS Q4 result today: Here are top brokerage expectations on its performance
Analysts say the company's margins are likely to be flat to slightly negative on QoQ basis due to supply side pressures and high employee costs.
 "TCS Q4 result today: Here are top brokerage expectations on its performance")
ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022
Analysts expect ITC to report a relatively stronger quarter, with the improvement in cigarettes and other divisions and lesser margin pressure compared to FMCG peers.
 "ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022")
Hindustan Aeronautics trades at all-time high; likely to see 20% upside
The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.
 "Hindustan Aeronautics trades at all-time high; likely to see 20% upside")
Tejas Networks snaps 2-week winning streak; Stock hits 5% lower circuit
Atmanirbhar Bharat Abhiyan of the Government is aimed at limiting import dependence and increasing demand for indigenous products, providing better growth opportunities for the company.
 "Tejas Networks snaps 2-week winning streak; Stock hits 5% lower circuit")
Dilip Buildcon, IRB, Simplex Infra: Infra-related stocks can gain up to 10%
Larsen & Toubro and Engineers India need to hold above the key levels for further upside.
 "Dilip Buildcon, IRB, Simplex Infra: Infra-related stocks can gain up to 10%")
Sandur Manganese zooms 20% as board approves rights issue, capex plan
In the past three months, the stock of Sandur Manganese has zoomed 86 per cent as compared to 3 per cent decline in the S&P BSE Sensex. In the past one year, the counter has rallied 256 per cent
 "Sandur Manganese zooms 20% as board approves rights issue, capex plan")
Shares of this PSU defence company have zoomed nearly 100% thus far in 2022
Government of India aims to reduce the country's dependence on imports of defence equipment and have a more 'self -reliant' defence sector under the Aatmanirbhar Bharat initiative.
 "Shares of this PSU defence company have zoomed nearly 100% thus far in 2022")
Will the IT sector deliver a stellar show in Q4?
India Inc is all set to start the Q4 earnings season. IT major TCS will kick-start the season with its results later today. Will the sector's performance be marred by the geo-political risks in Q4?
 "Will the IT sector deliver a stellar show in Q4?")
Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts
Q4 preview: Analysts believe earnings momentum is likely to gather pace, with healthy loan growth, stable margins, and improving asset quality trends
 "Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts")
MCX Gold, Silver: Key trading levels to watch out on April 11
MCX Gold may rally to Rs 53,570 on the upside; break and sustained trade above Rs 52,250 to add momentum.
 "MCX Gold, Silver: Key trading levels to watch out on April 11")
Adani Group stocks extend rally on $2 billion investment by UAE's IHC
International Holding Company (IHC) has agreed to invest $2 billion in Adani Enterprises, Adani Transmission, and Adani Green Energy through preferential issue
 "Adani Group stocks extend rally on $2 billion investment by UAE's IHC")
Market being sold a false narrative for past few months: Saurabh Mukherjea
Serious foreign investors - pension funds, sovereign wealth funds, endowments - continue to load up on India, says Marcellus Investment Managers CEO Saurabh Mukherjee
 "Market being sold a false narrative for past few months: Saurabh Mukherjea")
How India's much-anticipated global bond index inclusion unraveled
Inclusion was perceived as a crucial step change for the $1 trillion market.
 "How India's much-anticipated global bond index inclusion unraveled")
Asian stock markets wary ahead of ECB meeting, US inflation data
The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.1%. Japan's Nikkei dropped 0.6%, having shed 2.6% last week.
 "Asian stock markets wary ahead of ECB meeting, US inflation data")
Stocks to Watch: TCS, Veranda, Voda Idea, Exim Bank, Cadila, Banks, IT
TCS is likely to announce results after market hours on Monday. The IT stocks will be in focus with Infosys too to announce earnings later this week.
 "Stocks to Watch: TCS, Veranda, Voda Idea, Exim Bank, Cadila, Banks, IT")
Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon
Business Standard brings you the top headlines this morning
 "Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon")
4 of 10 most valued firms lose Rs 1 trn in m-cap; TCS among laggards
Last week, the Sensex slipped 170.49 points or 0.28 per cent, while the Nifty shed 113.90 points or 0.64 per cent.
 "4 of 10 most valued firms lose Rs 1 trn in m-cap; TCS among laggards")