Page 1873 - Markets News
A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing
In a blog post titled "Letter from Deepi," he said Zomato will not alter the firm's focus for short term profits at the cost of the long term success of the company
 "A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing")
Zomato listing to provide shot in the arm to startup ecosystem
Market players say strong stock market debut will prompt VC and PE firms to back more domestic startups, apart from motivating more unicorns to resist the temptation to list in the US
 "Zomato listing to provide shot in the arm to startup ecosystem")
At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India
On the first day, Zomato has broken into the club of top-50 listed companies in terms of market capitalisation in India
 "At Rs 98,849 cr, Zomato most-valuable listing day company after Coal India")
Low cut-off yield sees newly-launched 10-yr bond devolve in second auction
Of the Rs 14,000 crore of bonds on offer, RBI made the primary dealers, or the underwriters buy Rs 11,144.145 cr
 "Low cut-off yield sees newly-launched 10-yr bond devolve in second auction")
Analysts dump Voda Idea for Airtel post AGR re-calculation case verdict
With sufficient assets and a healthy financial condition, Bharti Airtel can clear their dues with DoT, analysts said
 "Analysts dump Voda Idea for Airtel post AGR re-calculation case verdict")
Sec 24A offences: Supreme Court says Sebi consent not mandatory
The bench said it was clear that Sebi's consent could not be mandatory for the court before which the proceeding was pending, for the purpose of exercising the power of compounding under Section 24A
 "Sec 24A offences: Supreme Court says Sebi consent not mandatory")
Higher sales, price hikes help Havells outperform Polycab
Demand recovery may help both companies post improved show in the coming quarters
 "Higher sales, price hikes help Havells outperform Polycab")
RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore
The oil-to-telecom conglomerate's revenue from operations rose 58.2 per cent to Rs 1.44 trillion
 "RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore")
Investors wealth grows by over Rs 4 trillion in 2 days of market rally
Investors' wealth has risen by Rs 4,09,200.15 crore in two days of market rally, taking the market capitalisation of BSE-listed companies to a fresh high of Rs 235.11 trn on Friday.
 "Investors wealth grows by over Rs 4 trillion in 2 days of market rally")
Market Wrap Podcast, July 23: Here's all that happened in the markets today
L&T, HUL and RIL were the top losers in Sensex pack. RIL shares ended 0.74 per cent lower ahead of its Q1 results later in the evening
 "Market Wrap Podcast, July 23: Here's all that happened in the markets today")
Investment in P-notes continues to soar; hits 37-month high in June
Investments in the Indian capital markets through participatory notes (P-notes) rose to Rs 92,261 crore till the end of June, making it the highest level in 37 months.
Sensex adds 138 pts; Zomato ends 65% up over issue price at Rs 126 on BSE
The BSE MidCap and SmallCap indices, however, underperformed the benchmarks
 "Sensex adds 138 pts; Zomato ends 65% up over issue price at Rs 126 on BSE")
Zomato ends 66% higher against issue price; m-cap crosses Rs 1-trn mark
The market capitalisation of the company touched Rs 1.08 trillion in intra-day trade today
 "Zomato ends 66% higher against issue price; m-cap crosses Rs 1-trn mark")
SC rejects telcos plea on AGR re-computation; Vodafone Idea tanks 15%
Three telecom firms - Bharti Airtel, Vodafone Idea and Tata Teleservices - had moved the apex court seeking correction in calculation errors in the DoT's AGR demand
 "SC rejects telcos plea on AGR re-computation; Vodafone Idea tanks 15%")
ITC records sharpest intra-day gain in two months ahead of Q1 results
According to analysts, ITC is likely to post a strong show in Q1FY22, helped by a low base and recovery in cigarettes sales.
 "ITC records sharpest intra-day gain in two months ahead of Q1 results")
Schaeffler India rallies 20% in two days on strong June quarter results
As the Covid-19 wave-2 subsides and the consumer sentiments improve, the management is optimistic the market would come back on a faster growth trajectory
 "Schaeffler India rallies 20% in two days on strong June quarter results")
Mahindra Lifespace zooms 19% as firm to consider bonus issue plan
The board at its meeting scheduled on Wednesday, July 28, 2021, will consider the proposal for the issuance of bonus equity shares
 "Mahindra Lifespace zooms 19% as firm to consider bonus issue plan")
Despite SC verdict on AGR dues, Airtel, Voda Idea look good on charts
While the Street has given a thumbs down to the development, technical charts suggest a completely different picture. MTNL has the best chart formation among the lot.
 "Despite SC verdict on AGR dues, Airtel, Voda Idea look good on charts")
After blockbuster listing, what should you do with Zomato stock?
Zomato IPO has opened the doors for new-age tech businesses to tap primary markets. Paytm, PolicyBazaar and Mobikiwik are some other names gearing up to tap the primary maket
 "After blockbuster listing, what should you do with Zomato stock?")
Mphasis surges 12%, hits new high on strong June quarter results
Mphasis won a total contract value (TCV) of $505 million in Direct business during the quarter, the highest ever in the history of the company
 "Mphasis surges 12%, hits new high on strong June quarter results")