Page 1777 - Markets News

Canara Bank hits over 2-year high; stock zooms 62% from QIP price

The stock was up 6% to Rs 242.60 and has rallied 62% against qualified institutional placement (QIP) price of Rs 149.35 per share

Exchanges decide to implement T+1 settlement cycle in phased manner

T+1 means that market trade-related settlements will need to be cleared within one day of the actual transactions taking place

Muthoot Finance at new high on strong Q2 show; Manappuram also shines

The management of Muthoot Finance is optimistic about growing the company's gold loan book further and maintains 15 per cent growth guidance for FY22.

Gold climbs to 2-month peak on retreating dollar, improved US jobs data

* Spot gold rose 0.1% to $1,817.65 per ounce by 0127 GMT, having hit its highest since Sept. 7 earlier in the session.

IndusInd Bank can fall 11% if its fails to hold support levels, charts show

The current chart pattern signals a weak trend and market participants are likely to stay on the sidelines to see whether the stock honours the respective support levels

The share price of this restaurant firm has zoomed 46% in just 6 days

Barbeque Nation Hospitality surged 9 per cent to hit a new high of Rs 1,782.55 on the BSE

UltraTech Cement gains 4%, hits record high on strong demand outlook

The company is witnessing strong demand from various infrastructure constructions such as highway construction, railways, metro rail, irrigation projects, airports and urban housing market

Divis Labs falls 9% on weak operational performance in September quarter

Ebitda margin contracted by 180 basis points year-on-year to 41.5 per cent in Q2FY22 due to higher other expenses/employee costs.

IndusInd Bank slumps 10% despite clarification on loan evergreening issue

The bank's management said that report of lapses in governance and accounting norms to allegedly 'evergreen' loans running was "inaccurate and baseless"

Markets this week: Should you buy shares on dips or sell on a rally?

With earnings season drawing to a close and the US Fed clarifying on taper, focus will shift to domestic triggers this week. How will the stock markets behave now? Should you start booking profit?

Stocks to Watch: Aurobindo, Divi's, PTC, Sun Tv, Muthoot Fin, realty shares

Realty stocks on the back of PAG taking a contra call on the sector and corporate earnings will be in focus today

Urban sales still not in line with pre-Covid growth: Dabur India CEO

The sales network of Dabur India covers around 83,500 villages and the company aims to cover 90,000 villages directly by next year.

JLR expects recovery in semiconductor situation from second half of FY22

The British multinational automotive company in the meantime will continue to take steps to contain the impact of the shortage on its operations across the globe.

We have a bias towards large-caps at this point: UTI AMC CIO Subramaniam

We are long-term bullish about the prospects for Indian equities driven by the potential for growth across sectors, said UTI AMC CIO

Two-thirds of Nifty constituents trading at premium to historical averages

The consumer sector P/E of 43.9x in October is at a premium of about 17.6 per cent to its 10-year average of 37.4x

Street signs: Fuel-sensitive stocks, Paytm's Rs 18,300-crore IPO, and more

Many are hoping that the shares will do well going ahead due to the relatively attractive valuations

Infra, small-cap, and PSU funds top one-year performance charts

Over the past year, bottom-up stock-picking and active fund management have been rewarded well by the market

Q2 earnings, macro data to set market trends next week, say analysts

Quarterly earnings from IT majors Infosys, Wipro and HCL Technologies,macroeconomic data and global trends would drive sentiments in equity market in a holiday-shortened week ahead, analysts said.

Bumper Diwali sales: Not revenge buying but sustainable demand

The confederation said the upswing was not triggered by 'Revenge Buying' but a 'Sustainable' demand trend.

Global trends, Q2 earnings, macro data to drive markets this week: Analysts

Stock-specific movement will be seen as the market is heading for the last batch of Q2 earnings