Page 1793 - Markets News
FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days
The S&P BSE FMCG index, which fell 1.62 per cent in intra-day trade today, has slipped 4.5 per cent in the past two trading days
 "FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days")
Stock of this recently listed defence company has zoomed 101% in 12 days
In the past three trading days, the stock of Paras Defence has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from October 18, 2021.
 "Stock of this recently listed defence company has zoomed 101% in 12 days")
PSU banks trade firm in a volatile market; SBI scales fresh record high
In Q2, Motilal Oswal Financial Services estimates PSBs to report improved operating performance, supported by modest business growth and a gradual reduction in provisions.
 "PSU banks trade firm in a volatile market; SBI scales fresh record high")
Bata India at record high, up 4% on institutional buying, revival hopes
Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter
 "Bata India at record high, up 4% on institutional buying, revival hopes")
Mastek tanks 15% on muted September quarter results
In Q2, the company's net profit remained flat at Rs 81.5 crore as against Rs 80.2 crore in June quarter of FY22
 "Mastek tanks 15% on muted September quarter results")
Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
 "Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm")
Three trading ideas by Ajit Mishra: Buy Adani Ports, Federal Bank; sell DRL
We're seeing noticeable traction in the banking pack and Federal Bank has recently witnessed a breakout from a consolidation range
 "Three trading ideas by Ajit Mishra: Buy Adani Ports, Federal Bank; sell DRL")
Nifty forming bearish pattern on charts; stay stock-specific: Vinay Rajani
To confirm short term trend reversal, Nifty needs to breach the low of 18,377 in the coming sessions
 "Nifty forming bearish pattern on charts; stay stock-specific: Vinay Rajani")
Sovereign wealth fund flows likely to rise on oil bounty, shows data
There's correlation between oil prices and sovereign fund flows, but experts say lot depends on trade balance
 "Sovereign wealth fund flows likely to rise on oil bounty, shows data")
Oil gains from highest close since 2014 as US dollar falls
The Brent crude benchmark rose 34 cents to $84.67 a barrel
Market's seven-day winning streak ends as FMCG stocks drag indices lower
Sensex sheds 0.08%, Nifty takes a deeper cut of 0.3% at close; mid-caps see 2% cut
 "Market's seven-day winning streak ends as FMCG stocks drag indices lower")
Temper expectations from privatisation trade, say analysts
The brokerage says listed PSUs face several challenges and continued government ownership may weigh on their performance
 "Temper expectations from privatisation trade, say analysts")
Post 30% rise, RIL rating cut by top Nomura analyst for first time in years
The stock is trading at about 27 times of its 12-month forward earnings estimate, more than two standard deviations above its 10-year average
 "Post 30% rise, RIL rating cut by top Nomura analyst for first time in years")
L&T Infotech continues to leave rivals trailing in its wake
Stock has risen 89% so far in 2021 and is up nearly 4x since March 2020
 "L&T Infotech continues to leave rivals trailing in its wake")
TTK Prestige zooms 20%, hits record high as board to consider stock split
A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity
 "TTK Prestige zooms 20%, hits record high as board to consider stock split")
Auditor resignations continue to trickle in with 15 exits since April
On average, one auditor of a listed company has prematurely resigned every two weeks this financial year; pace seems to have picked up in September with 5 departures
 "Auditor resignations continue to trickle in with 15 exits since April")
Market Ahead Podcast, Oct 20: Top factors that could guide markets today
Dalal Street ended its longest winning streak in nearly 10 months as benchmark indices closed lower on Tuesday, after trading higher for most part of the day
 "Market Ahead Podcast, Oct 20: Top factors that could guide markets today")
Market Wrap Podcast, Oct 19: Here's all that happened in the markets today
IRCTC dropped 16 per cent its record high level of Rs 6,393, touched earlier today, to end nearly 9 per cent lower relative to its previous close
 "Market Wrap Podcast, Oct 19: Here's all that happened in the markets today")
IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower
Ends the day with a market cap of Rs 85,808 cr; stock has risen 3.3x this year; other firms in railways too come off from intraday highs amid buzz that govt is appointing a regulator for the sector
 "IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower")
Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%
The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each
 "Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%")