Page 1796 - Markets News
Infosys Q2 preview: IT major could increase revenue guidance for FY22
Most analysts forecast a nearly 20 per cent year-on-year (YoY) jump in Infosys' revenue during the second quarter of the financial year 2021-22 (Q2FY22)
 "Infosys Q2 preview: IT major could increase revenue guidance for FY22")
Wipro Q2 preview: Analysts see 25-29% YoY revenue jump; Q3 guidance key
Brokerage Sharekhan pegs Wipro's September quarter revenue at Rs 19,444 crore over Rs 15,114.50 crore posted in the corresponding quarter a year ago
 "Wipro Q2 preview: Analysts see 25-29% YoY revenue jump; Q3 guidance key")
Motown in fast lane! Auto stocks eye up to 20% upside; MRF can hit Rs 1L
The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent
 "Motown in fast lane! Auto stocks eye up to 20% upside; MRF can hit Rs 1L")
This SME shipping company stock has zoomed 68% in three days
Knowledge Marine has declared L1 bidder by the Visakhapatnam Port Trust for the tender of supply, manning, operation of high-speed patrol boat with 15 knots speed on hire basis for a period of 3 years
 "This SME shipping company stock has zoomed 68% in three days")
Divestment push may boost PSU m-cap on bourses from all-time low currently
Nifty PSE index closes at highest level since January 2018
 "Divestment push may boost PSU m-cap on bourses from all-time low currently")
Radico Khaitan soars 11% to a new high on launch of two new premium IMFLs
The company has launched Magic Moments Dazzle Vodka and Royal Ranthambore Heritage Collection Royal Crafted Whisky (blended malt scotch) in the brown and white spirit categories.
 "Radico Khaitan soars 11% to a new high on launch of two new premium IMFLs")
Tata Metaliks dips 7% on reporting weak operating margin in Q2
In Q2, EBITDA margin came in at 15.5 per cent, lower by 998 basis points (bps) QoQ and 559 bps YoY on the back of higher operating costs
 "Tata Metaliks dips 7% on reporting weak operating margin in Q2")
Delta Corp surges 12%, hits over 3-year high after loss narrows in Q2
In Q2, Delta Corp reported consolidated net loss of Rs 22.57 crore as against Rs 28.93 crore in Q1FY22 and Rs 54.91 crore in Q2FY21
 "Delta Corp surges 12%, hits over 3-year high after loss narrows in Q2")
Market Ahead Podcast, Oct 12: Top factors that could guide markets today
On Tuesday, stock specific action will continue to dominate proceedings as the earnings season starts to gain momentum
 "Market Ahead Podcast, Oct 12: Top factors that could guide markets today")
Stocks to Watch: Zee, HFCL, Tata Motors, Glenmark, JSW Steel, Vakrangee
Six companies are slated to announce earnings today including BEPL, DRC Systems India, JTL Infra, and Ind Bank Housing
 "Stocks to Watch: Zee, HFCL, Tata Motors, Glenmark, JSW Steel, Vakrangee")
Osho Krishan of Anand Rathi is bullish on 3 stocks: Buy Tata Consumer, FSL
FSL is in a secular bull run and is placed above all its major exponential moving averages on the daily time frame
 "Osho Krishan of Anand Rathi is bullish on 3 stocks: Buy Tata Consumer, FSL")
Tata Power jumps 8.3%, extends one-month run to over 46%
Latest surge comes on the back of RIL's acquisition of Sterling & Wilson, which is in solar energy space; potential inclusion in MSCI supports rise
 "Tata Power jumps 8.3%, extends one-month run to over 46%")
A tug-of-war between bulls and bears: Analysts divided on Asian Paints
But given an optimistic market and a good monsoon, an upside is more likely
 "A tug-of-war between bulls and bears: Analysts divided on Asian Paints")
Aditya Birla Sun Life MF ends below listing price on debut
The stock closed at Rs 699.6, down Rs 12.4 over issue price of Rs 712 per share; it touched a high of Rs 723 and a low of Rs 695 with shares worth Rs 600 crore changing hands
 "Aditya Birla Sun Life MF ends below listing price on debut")
Multiple triggers for Reliance Industries' stock, say analysts
At $0.5 billion per MW of acquisition enterprise value (EV), if we were to extrapolate to RIL's solar photovoltaic (PV) manufacturing, it implies $7-10 billion in value creation
 "Multiple triggers for Reliance Industries' stock, say analysts")
Nifty50 breaches 18,000-mark for the first time; IT disappoints
The Sensex rose 77 points, or 0.13 per cent, to close at a fresh lifetime high of 60,136
 "Nifty50 breaches 18,000-mark for the first time; IT disappoints")
Semi-conductor crunch, high input costs to crimp Q2 show for auto sector
Though weak domestic demand is set to crimp earnings of two wheeler-manufacturers, strong exports are expected to offset this to some extent
 "Semi-conductor crunch, high input costs to crimp Q2 show for auto sector")
National Stock Exchange launches weekly USD-INR futures contracts
The National Stock Exchange (NSE) on Monday introduced weekly futures contracts in the US Dollar-Indian Rupee (USD-INR) currency pair
 "National Stock Exchange launches weekly USD-INR futures contracts")
India's stock market on track to overtake UK in terms of m-cap: Report
India's market capitalization has surged 37% this year to $3.46 trillion, according to an index compiled by Bloomberg
 "India's stock market on track to overtake UK in terms of m-cap: Report")
Market Wrap Podcast, Oct 11: Here's all that happened in the markets today
The Indian benchmark indices erased intraday gains after hitting fresh lifetime highs, but closed at fresh record levels on Monday
 "Market Wrap Podcast, Oct 11: Here's all that happened in the markets today")