Page 1698 - Markets News

Markets see wild swings as traders weigh hawkish Fed, Budget uncertainty

The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up all the gains to end at 57,200, with a loss of 77 points

BS Number Wise: A case for taxing India's rich on stock market profits

As economic inequality in the country widens, crorepatis pay very little on long-term capital gains

'Buy' Star Cement, La Opala, 'sell' Colgate Palmolive: Centrum Broking

Brokerage firm Centrum Broking has given a 'buy' call to potential investors for shares of Star Cement, La Opala RG, and Can Fin Homes

Ongoing market turmoil not to impact IPO valuation: Vedant Fashion

The ongoing correction in capital market has not dented valuation of Kolkata-based ethnic wear major Vedant Fashions' initial public offer that aims to raise Rs 3,149 crore

Market wrap: Sensex pares gains to end 77 points down; Nifty holds 17,100

Bharti Airtel rises 6% on Google's $1-bn investment plan, erases gains later; PSE stocks surge ahead of Budget; CPSE index gains 1%; Adani Wilmar IPO subscribed 1.08 times on day 2

Rupee snaps losing streak, rises 5 paise to close at 75.04 against dollar

The rupee snapped its three-day losing streak to close 5 paise higher at 75.04 (provisional) against the US dollar on Friday amid expectation of better dollar inflows from upcoming IPOs.

Burger King India: Growth strategy, margin expansion key to stock rally

The company recently posted its December quarter (Q3FY22) results and brokerages have either downgraded the stock by a notch or have reduced their target price

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

Laurus Labs bounces 16% from day's low on heavy volumes

The company said its Q3FY22 results were impacted by lower sales of ARV, APIs and formulations due to stocking at channel partners and it expects improvement from January-March quarter (Q4).

LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit

Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021.

PNB shares climb over 3% after Q3 earnings see two-fold jump in profit

Shares of Punjab National Bank (PNB) on Friday gained over 3 per cent after the company reported a two-fold jump in standalone net profit for the third quarter ended December.

Sun Pharma-arm Taro logs better-than-expected Q3 Ebitda margin; stock up 4%

In Q3FY22, Taro's EBITDA margins improved 108 bps year-on-year (YoY) to 31.3 per cent mainly due to better gross margins.

Maintain 10-15% allocation to gold as real rates may stay low: Analysts

Rate hikes may not be aggressive as Fed will try not to dampen economic growth

Foreign exodus from India stocks threatens to reduce key support

Foreign institutional investors have been net sellers every month since September, dumping $7.9 billion worth of local shares since

Sensex, Nifty, Bank Nifty: How to trade Indian market ahead of Budget 2022?

The Sensex and Nifty can gain 2 per cent, while Auto and Realty indices seem poised for higher gains

TVS Motor skids 7% on acquisition of Switzerland's e-bike player SEMG

This acquisition furthers TVS Motor's commitment towards e-personal mobility products, the company said.

ONGC soars to a 32-month high, up 5% on improved outlook

Higher oil realisations and modest production would spur up ONGC's earnings before interest tax and depreciation and amortization (EBITDA) by 1.8x in the October-December quarter.

MapmyIndia slips 11%, hits record low post December quarter results

The company's consolidated net profit declined 14 per cent YoY to Rs 18.52 crore in Q3FY22.

Google to invest in Bharti Airtel; stock jumps 6% before erasing gain

The deal includes investment of $700 million to acquire 1.28 per cent (shareholding including partly paid shares) ownership in Airtel and up to $300 million toward multi-year commercial agreements

PNB, SBI: Here's why Mehul Kothari is bullish on these banking stocks

According to Mehul Kothari, traders can buy PNB on dips near the 40-mark with a stop loss of 36 for upside target of 48 in 3 - 5 weeks.