Page 1907 - Markets News
Indian shares open higher with IT, energy companies gaining the most
Indian shares rose on Thursday, with information technology and energy companies gaining the most, as investors awaited US inflation data and the outcome of a European Central Bank meeting
 "Indian shares open higher with IT, energy companies gaining the most")
IRB Infra up 31% in 8 days after HDFC MF buys stake; stock hits 52-wk high
HDFC Mutual Fund bought 4.94 million shares, representing 1.4 per cent stake, in IRB Infra via open market
 "IRB Infra up 31% in 8 days after HDFC MF buys stake; stock hits 52-wk high")
Bata India surges 6%, nears 52-week high post March quarter results
Bata India's gross margins witnessed an improvement of around 160 basis points (bps) quarter-on-quarter (QoQ) to 53.1 per cent, indicating green shoots in formal and fashion footwear demand
 "Bata India surges 6%, nears 52-week high post March quarter results")
Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power
The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)
 "Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power")
Market Ahead Podcast, June 10: Top factors that could guide markets today
A total of 64 companies, including Century Plyboards, Mazagon Dock Shipbuilders, NHPC, and SAIL, are scheduled to post their quarterly numbers today
 "Market Ahead Podcast, June 10: Top factors that could guide markets today")
Unlock trade is the buzz on the Street: A cautious approach is advisable
Aviation, hospitality, and multiplex stocks rising on hopes of strong rebound in coming months
 "Unlock trade is the buzz on the Street: A cautious approach is advisable")
NHAI gets Sebi nod for its maiden InvIT, seeks to raise Rs 5,000-cr
In the future, the authority plans to offer 19 projects worth Rs 35,000 crore under the InvIT model
 "NHAI gets Sebi nod for its maiden InvIT, seeks to raise Rs 5,000-cr")
'Dec'21 Nifty target of 16,500; still a lot of opportunity in large-caps'
Piyush Garg, executive vice-president & CIO PMS, ICICI Securities shares his views on the road ahead for the markets and the investing strategies one should adopt
 "'Dec'21 Nifty target of 16,500; still a lot of opportunity in large-caps'")
Sensex slumps 334 points as bears return; RIL, bank stocks decline
Domestic markets surrendered early gains to finish deep in the red on Wednesday as profit-booking emerged in Reliance Industries, banking and infra stocks amid a weak trend in global equities.
 "Sensex slumps 334 points as bears return; RIL, bank stocks decline")
Make KYC norms non-mandatory: FPIs' lobby group tells Sebi
The industry body has requested the regulator to permit updation of landline numbers of the officials instead of mobile numbers
 "Make KYC norms non-mandatory: FPIs' lobby group tells Sebi")
US-based Advent International sells 5.36% stake in CG Consumer
The PE firm had sold 6% in February 2021
 "US-based Advent International sells 5.36% stake in CG Consumer")
Decoded: Making sense of the Franklin Templeton Mutual Fund saga
All schemes were holding highly illiquid and large portions of low-rated securities. As a result, the fund house had challenges meeting the redemption requests
 "Decoded: Making sense of the Franklin Templeton Mutual Fund saga")
TeamLease Services shares close nearly 6% higher after Q4 earnings
Shares of staffing company TeamLease Services on Wednesday jumped nearly 6 per cent after the firm reported a consolidated profit after tax (PAT) of Rs 19.64 crore for the quarter ended March 2021.
 "TeamLease Services shares close nearly 6% higher after Q4 earnings")
Market Wrap Podcast, June 9: Here's all that happened in the markets today
The S&P BSE Sensex ended at 51,942, down 334 points, or 0.64 per cent, while the Nifty50 closed the session at 15,635-mark, down 105 points
 "Market Wrap Podcast, June 9: Here's all that happened in the markets today")
Sensex ends 334 points lower, Nifty at 15,635; PSU banks, autos drag
All that happened in the markets today
 "Sensex ends 334 points lower, Nifty at 15,635; PSU banks, autos drag")
Petronet LNG dips 7% on disappointing March quarter results
The company reported an 11.6 per cent year-on-year decline in consolidated revenue from operations at Rs 7,575 crore in Q4FY21
 "Petronet LNG dips 7% on disappointing March quarter results")
TeamLease Services rallies 17%, hits new high post March quarter results
The company said that its general staffing is back to pre-Covid levels of headcount and has surpassed pre-Covid revenue run rate
 "TeamLease Services rallies 17%, hits new high post March quarter results")
Power stks extend rally; Torrent Power, JSW Energy, Power Grid at new highs
Tata Power Company, CESC, Bharat Heavy Electricals (BHEL) and NTPC were quoting at their respective 52-week high levels
 "Power stks extend rally; Torrent Power, JSW Energy, Power Grid at new highs")
Chart check: Nifty IT index could double in one year. Stay put
The Nifty IT index has managed to conquer the resistance of 27,500 which suggests a further upside towards 28,200 and 28,500 levels
 "Chart check: Nifty IT index could double in one year. Stay put")
Markets 'very good', firms should use yields: Axis Bank's Gambhir
Senior executive at lender says companies should access market if they need long-term funding.
 "Markets 'very good', firms should use yields: Axis Bank's Gambhir")