Page 1863 - Markets News
Sensex rises fourth day on the trot, extends week's rally to 3.5%
The over 1,847-point jump this week has come on the aggressive buying for overseas investors and hopes of economic revival following improvement in high-frequency indicators
 "Sensex rises fourth day on the trot, extends week's rally to 3.5%")
Market Wrap Podcast, August 5: All that happened in the markets today
Airtel, ITC, Tech Mahindra and Tata Steel were the top index gainers and SBI, IndusInd Bank, Bajaj Finance and ICICI Bank were the top losers
 "Market Wrap Podcast, August 5: All that happened in the markets today")
Sebi's refund to Sahara investors inches up to Rs 129 crore in 9 years
The amount deposited in specially-opened bank accounts for the repayment purpose has swelled to over Rs 23,000 crore
 "Sebi's refund to Sahara investors inches up to Rs 129 crore in 9 years")
Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
 "Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%")
Stock of this textile company has zoomed 127% in a month
Shares of Sportking India were locked in the 5 per cent upper circuit for the ninth straight day, at Rs 4,501.95, on the BSE on Thursday
 "Stock of this textile company has zoomed 127% in a month")
Low provisions, stable NII: Here's what may drive Bank of Baroda's Q1 PAT
The state-owned lender, which had reported net loss of Rs 864 crore in Q1FY21 and Rs 1,046.5 crore in Q4FY21, is expected to report up to Rs 1,633.3 crore-net profit on Saturday, August 7
 "Low provisions, stable NII: Here's what may drive Bank of Baroda's Q1 PAT")
Chemplast Sanmar IPO to open on Aug 10; price band at Rs 530-541/share
The initial share sale will conclude on August 12
 "Chemplast Sanmar IPO to open on Aug 10; price band at Rs 530-541/share")
Analysts revise SBI target price post Q1, but Voda Idea overhang remains
SBI share price skidded 3 per cent to Rs 443 on the BSE in the intra-day trade today as analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead
 "Analysts revise SBI target price post Q1, but Voda Idea overhang remains")
Bharti Airtel surges 7%, hits over six-month high
The favourable industry structure of two players is a good enough kicker for an eventual hike in tariff as well as superior digital play in the medium to long term, an analyst said
 "Bharti Airtel surges 7%, hits over six-month high")
Bharti Airtel headed for a multi-year breakout; stock can double from here
The Sunil Mittal-owned company reported a net profit of Rs 283.5 crore in the first quarter of the current fiscal (Q1FY22), which was much lower than the consensus estimates
 "Bharti Airtel headed for a multi-year breakout; stock can double from here")
SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake
Around 19.24 million equity shares, representing 1.92 per cent of the total equity of SBI Life had changed hands on the BSE till 10:55 am
 "SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake")
CLSA expects this Jhunjhuwala-backed gaming company stock to crash 41%
In its latest report, CLSA retained a SELL rating on Nazara Technologies, India's first listed gaming company, on revenue miss in June quarter and pricey valuations
 "CLSA expects this Jhunjhuwala-backed gaming company stock to crash 41%")
Nava Bharat Ventures tanks 15% on weak June quarter results
The major overhaul of one unit of the power plant which started in Jan 2021 is taking longer with a deformation observed in turbine's diaphragms and carrier, repairs to which was not possible.
 "Nava Bharat Ventures tanks 15% on weak June quarter results")
Emerging markets hardest hit by China crackdown, coronavirus outbreaks
China's sweeping clampdown of its tech sector at a time when its economy is slowing has helped push a global gauge of emerging-market shares to a 17-year relative low against developed-market peers
 "Emerging markets hardest hit by China crackdown, coronavirus outbreaks")
Sonata Software rallies 9%, hits new high post June quarter results
The management said it see the demand situation as being extremely satisfactory with growth in existing accounts and new deal pipeline
 "Sonata Software rallies 9%, hits new high post June quarter results")
KM Birla steps down as Vodafone Idea chairman; stock slides 38% in 3 days
The changes come at a time when Vi is struggling to stay afloat
 "KM Birla steps down as Vodafone Idea chairman; stock slides 38% in 3 days")
Stocks to watch: Vodafone Idea, SBI Life, Titan, HPCL, Greenply, GAIL India
Hindustan Petroleum Corporation reported a 36 per cent YoY drop in its June quarter net profit
 "Stocks to watch: Vodafone Idea, SBI Life, Titan, HPCL, Greenply, GAIL India")
Market Ahead Podcast, August 5: Top factors that could guide markets today
Over 100 companies, including Adani Power, NCC, GAIL, Tata Chemicals, Cipla, Quess Corp, Indiabulls Housing Finance and Gujarat Gas are slated to post their results
 "Market Ahead Podcast, August 5: Top factors that could guide markets today")
Sensex atop Mt 54K amid FPIs' renewed appetite; HDFC rises 4.8%
Renewed optimism around the domestic economic outlook, following an improvement in high-frequency indicators underpinned more than 3 per cent jump this week, so far
 "Sensex atop Mt 54K amid FPIs' renewed appetite; HDFC rises 4.8%")
Framing investor charter for securities mkt: Sebi chairman Ajay Tyagi
Capital markets regulator Sebi is working on framing a charter for investors in the securities market, which is aimed at bringing more transparency in the investment process
 "Framing investor charter for securities mkt: Sebi chairman Ajay Tyagi")