Page 1688 - Markets News
Budget 2022: Financials to gain from capex push, digital rupee, say experts
Banks and NBFCs stand to gain from the Union Budget as a new growth cycle on the back of the massive capex plan has the potential to crowd-in private investment, say analysts
 "Budget 2022: Financials to gain from capex push, digital rupee, say experts")
Centrum Broking gives 'buy' call for Godfrey Phillips India, UPL
Brokerage house Centrum Broking has given a 'buy' call for Godfrey Phillips India and UPL shares.
 "Centrum Broking gives 'buy' call for Godfrey Phillips India, UPL")
Rupee pares initial gains to settle flat at 74.83 against US dollar
The rupee pared its initial gains to settle on a flat note at 74.83 (provisional) against US dollar on Wednesday, even as the domestic equities closed on a positive note.
 "Rupee pares initial gains to settle flat at 74.83 against US dollar")
Sensex ends 696 pts higher, Nifty above 17,750; PSU Bank index up 3%
Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs
 "Sensex ends 696 pts higher, Nifty above 17,750; PSU Bank index up 3%")
AU Small Finance Bank hits record high; surges 35% in one month
In the past three days, AU SFB has gained 10 per cent after it posted a strong set of financial numbers for the quarter ended December 2021.
 "AU Small Finance Bank hits record high; surges 35% in one month")
Canara Bank, IDFC: Budget 2022 gives wings to these financial stocks
IDFC Limited has crossed major resistance of Rs 65, which it had been struggling to conquer since late 2016
 "Canara Bank, IDFC: Budget 2022 gives wings to these financial stocks")
Adani Ports shares decline over 2% post earnings
Adani Ports and Special Economic Zone on Tuesday reported a 6.20 per cent decline in consolidated profit to Rs 1,478.76 crore for the third quarter ended December 2021
 "Adani Ports shares decline over 2% post earnings")
This Rekha Jhunjhunwala-owned realty stock has zoomed 108% in five weeks
Shares of D B Realty were locked the in upper circuit of 5 per cent at Rs 91.55, which is also its 52-week high on the BSE.
 "This Rekha Jhunjhunwala-owned realty stock has zoomed 108% in five weeks")
ITC extends rally, up 9% in a week; company to announce results on Thursday
The stable taxation on cigarettes can aid volume growth for cigarette companies, which have been one of most unsettled industry from Covid related disruptions.
 "ITC extends rally, up 9% in a week; company to announce results on Thursday")
Exide, India Cement: 5 mid, smallcaps that look attractive post Budget 2022
Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250
 "Exide, India Cement: 5 mid, smallcaps that look attractive post Budget 2022")
Tech Mahindra dips 4% on margin disappointment in December earnings
In the past one month, the stock has underperformed the market by falling 19 per cent as against a 1.7 per cent rise in the S&P BSE Sensex.
 "Tech Mahindra dips 4% on margin disappointment in December earnings")
Anupam Rasayan at all-time high, up 10% on acquiring 24.96% stake in Tanfac
The stock price has almost doubled from its issue price of Rs 555 per share, in less than a year.
 "Anupam Rasayan at all-time high, up 10% on acquiring 24.96% stake in Tanfac")
Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE
Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.
 "Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE")
TTML hits 5% upper limit on withdrawing equity conversion plan on AGR dues
The stock of Tata Group telecom services provider tanked 51% after the company on January 10, 2022 announced its decision to convert interest related to AGR dues of Rs 850 crore into equity.
 "TTML hits 5% upper limit on withdrawing equity conversion plan on AGR dues")
Stocks to Watch: Tech Mahindra, Adani Ports, Hero Moto, Voda Idea, TTML
Adani Green, Apollo Tyres, Adani Total Gas, Balrampur Chini, Dabur, eClerx, HDFC, IOB, Jubilant Foodworks, M&M Financial, Tata Consumer and Zee to announce results today.
 "Stocks to Watch: Tech Mahindra, Adani Ports, Hero Moto, Voda Idea, TTML")
Citi abandons day-old buy call in 'perfect storm' for India debt
Citigroup Inc. offered a glimpse of the conditions facing the nation's debt when it withdrew a buy call within a day of recommending purchases
 "Citi abandons day-old buy call in 'perfect storm' for India debt")
Buy ICICI Bank, PNB, recommends Vinay Rajani of HDFC Securities
The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.
 "Buy ICICI Bank, PNB, recommends Vinay Rajani of HDFC Securities")
Budget 2022: Bond yields shoot up as govt resorts to record borrowings
The RBI, which stopped buying bonds to prevent liquidity infusion, may have to support the borrowing again
 "Budget 2022: Bond yields shoot up as govt resorts to record borrowings")
Budget 2022: E&Y analyses movement of stocks, gives key reasons behind it
How mid-cap stocks performed
 "Budget 2022: E&Y analyses movement of stocks, gives key reasons behind it")
Street cheers govt moves: Investors give a thumbs-up to pro-growth Budget
Frontline indices whipsawed in trade on Tuesday but eventually ended 1.4% higher
 "Street cheers govt moves: Investors give a thumbs-up to pro-growth Budget")