Page 1865 - Markets News
Invest in equal-weight index to reduce concentration risk: Analysts
Begin with a 50:50 allocation to Nifty50 & Nifty50 Equal Weight index fund
 "Invest in equal-weight index to reduce concentration risk: Analysts")
Weak Q1 margin show, lack of triggers to limit upsides in UPL
While debt levels increased in Q1, the company maintained its FY22 guidance
 "Weak Q1 margin show, lack of triggers to limit upsides in UPL")
Zomato's slim ad-spend sets marketing benchmark for firms seeking to list
Despite the frugal ad spends, Zomato's IPO managed to generate bids worth Rs 2.1 trillion
 "Zomato's slim ad-spend sets marketing benchmark for firms seeking to list")
Paytm Money had more millenials, women investors in the past one year
Average investment per user on Paytm Money is over Rs 70,000, with over 64% investing in mutual funds, 28% in equity, and the rest in digital gold
 "Paytm Money had more millenials, women investors in the past one year")
Market Wrap Podcast, August 2: All that happened in the markets today
Titan, M&M, RIL, Axis Bank and TCS were the top gainers in the 30-pack index and Tata Steel, Bajaj twins, NTPC and HDFC Bank were the top losers
 "Market Wrap Podcast, August 2: All that happened in the markets today")
Rupee gains 8 paise to close at 74.34 against US dollar
The rupee gained 8 paise to close at 74.34 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and a weak American currency.
 "Rupee gains 8 paise to close at 74.34 against US dollar")
Sensex up 364 pts, Nifty tops 15,850; auto, IT, realty stocks march ahead
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
 "Sensex up 364 pts, Nifty tops 15,850; auto, IT, realty stocks march ahead")
Cholamandalam Investment surges 11% on robust June quarter result
The company expects a gradual revival in subsequent quarters in FY22 with normalization and rollbacks of accounts which moved to higher buckets.
 "Cholamandalam Investment surges 11% on robust June quarter result")
Privi Speciality soars 36% in 2 days on JV with Switzerland-based Givaudan
With the past two days' rally, the stock of PSCL has more-than-doubled (up 101 per cent) in the past three months
 "Privi Speciality soars 36% in 2 days on JV with Switzerland-based Givaudan")
Steel Strips Wheels freezes at 10% upper circuit on record turnover in July
The export segment volume rose by 164 per cent YoY and crossed 1,000 million-mark for the first time ever in July 2021
 "Steel Strips Wheels freezes at 10% upper circuit on record turnover in July")
Analysts expect Bharti Airtel's Q1 profit to halve QoQ; stable ARPU likely
The company had posted a consolidated net profit of Rs 759.2 crore in the March quarter of FY21 (Q4FY21), while it had incurred a loss of Rs 15,933 crore in the year-ago period
 "Analysts expect Bharti Airtel's Q1 profit to halve QoQ; stable ARPU likely")
These two Dolly Khanna-owned stocks have rallied up to 103% in a month
Investor Dolly Khanna held 2.07 per cent stake in Deepak Spinners and 1.24 per cent holding in Nitin Spinners as on June 30, 2021, the shareholding pattern data shows
 "These two Dolly Khanna-owned stocks have rallied up to 103% in a month")
Maruti, Tata Motors: How to trade auto stocks in the run-up to RBI policy?
While industry executives feel that there will be no shortfall in consumer demand in the near future, most are wary of the near-term challenges
 "Maruti, Tata Motors: How to trade auto stocks in the run-up to RBI policy?")
HDFC Q1 profit falls 2% YoY to Rs 3,001 cr, misses estimates; NII up 22%
The number missed Street expectation, which had estimated up to 9 per cent YoY rise in PAT
 "HDFC Q1 profit falls 2% YoY to Rs 3,001 cr, misses estimates; NII up 22%")
Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%
The real estate sector is undergoing major consolidation as very few developers have the financial stability to undertake large capital-intensive projects, Oberoi Realty's management said
 "Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%")
Ind Swift Labs tanks 16% on selling API business to PI Industries
PI Ind said the purchase consideration of Rs 1,530 crore will be paid in all-cash and funded from the proceeds of the completed QIP and internal accruals
 "Ind Swift Labs tanks 16% on selling API business to PI Industries")
IRCTC surges 7%, hits fresh record high as board to consider stock split
The board of directors of the Company is scheduled to meet on August 12, 2021 to consider stock split
 "IRCTC surges 7%, hits fresh record high as board to consider stock split")
Stocks to watch: HDFC, Adani Entp, IDFC First, Bandhan Bank, auto stocks
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
 "Stocks to watch: HDFC, Adani Entp, IDFC First, Bandhan Bank, auto stocks")
Inflation angst spreads to India bonds as Reserve Bank downplays risk
RBI is widely expected to leave its key rates unchanged on Friday and continue with its easy monetary stance
 "Inflation angst spreads to India bonds as Reserve Bank downplays risk")
Our portfolios are built around firms that sell essentials: Marcellus CIO
Saurabh Mukherjea says that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season
 "Our portfolios are built around firms that sell essentials: Marcellus CIO")