Page 1706 - Markets News
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).
 "Laurus Labs bounces 16% from day's low on heavy volumes")
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.
 "LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit")
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.
 "PNB shares climb over 3% after Q3 earnings see two-fold jump in profit")
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.
 "Sun Pharma-arm Taro logs better-than-expected Q3 Ebitda margin; stock up 4%")
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
 "Maintain 10-15% allocation to gold as real rates may stay low: Analysts")
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
 "Foreign exodus from India stocks threatens to reduce key support")
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
 "Sensex, Nifty, Bank Nifty: How to trade Indian market ahead of Budget 2022?")
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.
 "TVS Motor skids 7% on acquisition of Switzerland's e-bike player SEMG")
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.
 "ONGC soars to a 32-month high, up 5% on improved outlook")
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.
 "MapmyIndia slips 11%, hits record low post December quarter results")
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
 "Google to invest in Bharti Airtel; stock jumps 6% before erasing gain")
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.
 "PNB, SBI: Here's why Mehul Kothari is bullish on these banking stocks")
Stocks to Watch: RBL Bank, TVS Motors, Fino Payments Bank, PNB, Telecom
3i Infotech, BEL, Dixon Tech, Kotak Bank, Karnataka Bank, Larsen & Toubro, Marico, NIIT, Naukri, Suzlon, United Breweries and Vedanta to announce results today.
 "Stocks to Watch: RBL Bank, TVS Motors, Fino Payments Bank, PNB, Telecom")
Somasundaram PR on how gold demand will pan out in 2022
The demand for gold jewellery hit a six-year high in 2021. Business Standard caught up with Somasundaram PR, Regional CEO, India, World Gold Council, to understand how the demand may pan out in 2022
 "Somasundaram PR on how gold demand will pan out in 2022")
Winding up of schemes only after majority unitholders' nod: Sebi
Mutual fund trustees will be required to obtain the consent of the unitholders when the majority of the trustees decide to wind up a scheme or prematurely redeem the units of a close-ended scheme
 "Winding up of schemes only after majority unitholders' nod: Sebi")
Adani Wilmar IPO can give edible gains, say analysts
The IPO is available in the price band of Rs 218 to Rs 230 per share
 "Adani Wilmar IPO can give edible gains, say analysts")
Bond yields rise, rupee falls on US Federal Reserve policy and crude prices
The 'dot-plot' forecast of FOMC's median forecast suggested three rate hikes in 2022, revised up from one earlier
Midcaps and smallcaps enter 'correction' zone, Nifty 50 on the cusp
Both the mid- and small-cap gauges were down 10 per cent intra-day over their 2022 highs before recovering some lost ground
 "Midcaps and smallcaps enter 'correction' zone, Nifty 50 on the cusp")
DIIs raise stakes in 70% of Nifty 50 firms in Q3 even as FPIs prune big
FPI allocation to BFSI companies in Nifty 500 declines to 20-quarter low
 "DIIs raise stakes in 70% of Nifty 50 firms in Q3 even as FPIs prune big")
Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts
Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen
 "Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts")