Page 1878 - Markets News
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")
Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today
 "Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon")
ICICI Bank Q1 preview: Net profit may nearly double YoY on lower provisions
ICICI Bank Q1 preview: Analysts, across-the-board, remain bullish on the lender's bottom line figure and expect the profit after tax (PAT) to grow anywhere between 59 per cent to 95.5 per cent YoY
 "ICICI Bank Q1 preview: Net profit may nearly double YoY on lower provisions")
Market Ahead Podcast, July 23: Top factors that could guide markets today
Amid a firm global setup, Indian indices look set to open in the green for a second day today. At 7.10 am, SGX Nifty was trading 24 points higher at 15,838
 "Market Ahead Podcast, July 23: Top factors that could guide markets today")
3 stock ideas by Osho Krishan of Anand Rathi: Buy ONGC, BPCL, IOC
IOC closed on a strong note in the last session and is currently hovering between its short and medium exponential moving averages on the daily chart
 "3 stock ideas by Osho Krishan of Anand Rathi: Buy ONGC, BPCL, IOC")
Growth expectations drive Jubilant FoodWorks into a higher orbit
Investments in supply chain, technology and network expansion are key positives
 "Growth expectations drive Jubilant FoodWorks into a higher orbit")
Discount broking industry is getting overcrowded: Prakarsh Gagdani, 5paisa
Almost 75-80 per cent of our customers are under 35 years in age, largely first-time investors and come from tier-2 and tier-3 cities, he said.
 "Discount broking industry is getting overcrowded: Prakarsh Gagdani, 5paisa")
Sebi chief hails home listing of tech cos, says markets entering new era
Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times
 "Sebi chief hails home listing of tech cos, says markets entering new era")
Zomato to make stock market debut on Friday, four days ahead of schedule
Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline
 "Zomato to make stock market debut on Friday, four days ahead of schedule")
Indices rebound as stimulus, earnings help offset coronavirus fears
Analysts said though markets are concerned about the delta variant the availability of more vaccines is reassuring
 "Indices rebound as stimulus, earnings help offset coronavirus fears")
From Sensex to exports, how much have we scaled our economy in 30 years
Major economic reforms in the early 1990s changed the face of the Indian economy
 "From Sensex to exports, how much have we scaled our economy in 30 years")
Star Health and Allied Insurance files DRHP for IPO of fresh shares-cum-OFS
Net proceeds from fresh issue amounting to Rs 2,000 cr will be used to boost company's solvency levels and capital
 "Star Health and Allied Insurance files DRHP for IPO of fresh shares-cum-OFS")