Page 1654 - Markets News
Endurance Technologies falls 6%; stock nears 52-week low on weak Q3 results
The stock of the automotive components manufacturer has fallen 20 per cent in the past one month after the company reported a weak set of December quarter (Q3FY22) numbers.
 "Endurance Technologies falls 6%; stock nears 52-week low on weak Q3 results")
Ukraine-Russia war: 5 contra bets that can give up to 14% returns
Coal India, GNFC, Cholamandalam, Fine Organic and Hitachi Energy can easily provide up to 14 per cent upside, indicate charts.
 "Ukraine-Russia war: 5 contra bets that can give up to 14% returns")
Financial markets trying to discount changing news flow: Rabobank Intl
The accommodative RBI policy, combined with fiscal stimulus and (further) increase in energy commodities, particularly oil, increases the odds of high inflation, say Lambregts and Eijkelenburg
 "Financial markets trying to discount changing news flow: Rabobank Intl")
Biocon arm plans to acquire Viatris' biosimilars assets; stock falls 8%
The companies will also enter into a transition services agreement. Viatris will provide certain transition services, including commercialization services for an expected 2-years
 "Biocon arm plans to acquire Viatris' biosimilars assets; stock falls 8%")
FMCG shares under pressure; Hindustan Unilever, Britannia hit 52-week lows
In the past six months, HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the S&P BSE Sensex.
 "FMCG shares under pressure; Hindustan Unilever, Britannia hit 52-week lows")
Bharti Airtel dips 3% on plans to buy 4.7% stake in Indus from Vodafone
The agreement in on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in VIL and simultaneously remitted to Indus Towers to clear VIL's outstanding dues.
 "Bharti Airtel dips 3% on plans to buy 4.7% stake in Indus from Vodafone")
Russia-Ukraine Conflict: Will commodity price rally sustain this week?
Commodity prices shot up after sanctions imposed on Russia. Crude oil surpassed $100 a barrel, aluminium prices touched lifetime highs. Gold prices also went up. Will this rally continue this week?
 "Russia-Ukraine Conflict: Will commodity price rally sustain this week?")
Stocks to Watch: Aurobindo, Sun Pharma, Future Retail, Vedanta, Voda Idea
Shares of Adani Power are likely to be in focus as the company received a favourable verdict from the Supreme Court against power discoms in Rajasthan.
 "Stocks to Watch: Aurobindo, Sun Pharma, Future Retail, Vedanta, Voda Idea")
Top headlines: Rupee-rouble trade to get a boost, freight rates may rise
Allowing FDI of up to 20 per cent in LIC may open up divestment opportunities in other "bodies corporate" in the government. More on that in our top headlines this morning.
 "Top headlines: Rupee-rouble trade to get a boost, freight rates may rise")
FDI in IPO-bound LIC likely to open up fresh scope for disinvestment
NHAI & AAI, which are not registered as companies, also likely to benefit
 "FDI in IPO-bound LIC likely to open up fresh scope for disinvestment")
Sebi chief Ajay Tyagi's tenure ends today, all eyes on next appointment
The delay on Sebi chief appointment comes despite the centre initiating the process to find a replacement four months ago
 "Sebi chief Ajay Tyagi's tenure ends today, all eyes on next appointment")
Equity m-cap lowest in 7 months in Feb, top 10 cos lose over Rs 3.3 trn
Equity market capitalisation dropped to a seven-month low in February, with the top 10 companies losing a whopping Rs 3,33,307.62 crore in market valuation last week.
 "Equity m-cap lowest in 7 months in Feb, top 10 cos lose over Rs 3.3 trn")
Stake-sale overhang likely to keep Indus Towers stock under pressure
Rental renegotiations another dampener for the stock
 "Stake-sale overhang likely to keep Indus Towers stock under pressure")
Equities outperform other asset classes over long periods, shows data
Since 1900, the US has been the best-performing stock market with an annualised real return of 6.7 per cent
 "Equities outperform other asset classes over long periods, shows data")
Street signs: Retail, HNIs pare bullish bets, cashing in on LIC IPO & more
Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).
 "Street signs: Retail, HNIs pare bullish bets, cashing in on LIC IPO & more")
Correction fails to rein in expensive market valuation: Fund managers
Experts say if oil prices continue to rise, India's valuation premium-to-EM peers could narrow further
 "Correction fails to rein in expensive market valuation: Fund managers")
Sebi comes out with terms of usage of data for securities market
Apart from the data made available free of cost, data which is chargeable should be appropriately identified as such in public domain: Sebi
 "Sebi comes out with terms of usage of data for securities market")
Top headlines: India skips UNSC vote on Russia, LIC IPO pricing in limbo
Russia-India defence sales face looming sanctions. More on that in our top headlines.
 "Top headlines: India skips UNSC vote on Russia, LIC IPO pricing in limbo")
Russia-Ukraine conflict: Markets jump as traders weigh sanctions' impact
Curbs on Russia seen as weaker than expected; Nifty rebounds 2.5%
 "Russia-Ukraine conflict: Markets jump as traders weigh sanctions' impact")
CRISIL upgrades Vedanta's long-term debt, loans ratings from 'AA-' to 'AA'
CRISIL improved its rating on Vedanta Ltd. on account of stronger than expected operating profitability due to high commodity prices in FY22.
 "CRISIL upgrades Vedanta's long-term debt, loans ratings from 'AA-' to 'AA'")