Page 1911 - Markets News
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")
Rekha Jhunjhunwala's investment in this stock doubles in less than 9 months
Shares of VA Tech Wabag hit a 23-month high of Rs 317 after they jumped 3% on the BSE in intra-day trade on Wednesday
 "Rekha Jhunjhunwala's investment in this stock doubles in less than 9 months")
Tata Motors trades higher for 6th straight day, hits over 3-year high
Tata Motors is India's largest commercial vehicle company and fourth-largest passenger vehicle (PV) player
 "Tata Motors trades higher for 6th straight day, hits over 3-year high")
Birlasoft surges 12%, hits new high after pact with Regulativ.ai
The CK Birla Group company has partnered with 'Regulativ.ai' to co-develop a new AI/ML-based cyber-regulatory reporting platform
 "Birlasoft surges 12%, hits new high after pact with Regulativ.ai")
Logistics sector poised for growth, but buy stocks selectively: Analysts
Analysts see the logistics sector as a big beneficiary of the 're-opening of the economy' theme, with pent-up demand expected to drive growth
 "Logistics sector poised for growth, but buy stocks selectively: Analysts")
Stocks to watch: GAIL, Bata India, Prestige Estates, Tata Motors, Glenmark
Reserve Bank of India granted approval for the re-appointment of Chandra Shekhar Ghosh, Managing Director & Chief Executive Officer of Bandhan Bank for a period of three years
 "Stocks to watch: GAIL, Bata India, Prestige Estates, Tata Motors, Glenmark")
Top trading ideas by Ajit Mishra of Religare Broking: Buy Airtel, HDFC Life
HDFC Life has formed a strong base after hovering in a narrow range for nearly a month and looks set to reverse the short-term downtrend
 "Top trading ideas by Ajit Mishra of Religare Broking: Buy Airtel, HDFC Life")
Market Ahead Podcast, June 9: Top factors that could guide markets today
A total of 37 companies are slated to post their quarterly earnings today, including GAIL India, Bata India, Star Cement and TeamLease Services
 "Market Ahead Podcast, June 9: Top factors that could guide markets today")
Sensex, Nifty end marginally lower; HDFC twins, Reliance Industries weigh
The 30-share BSE Sensex slipped 52.94 points or 0.10 per cent to 52,275.57. The broader NSE Nifty declined 11.55 points or 0.07 per cent to 15,740.10
 "Sensex, Nifty end marginally lower; HDFC twins, Reliance Industries weigh")
Margin worries, market share loss to weigh on MRF after tepid Q4 show
The company trailed peers on the revenue front in Q4
 "Margin worries, market share loss to weigh on MRF after tepid Q4 show")
Analyst optimism on State Bank of India reaches a 17-year high, shows data
Among 48 analysts who cover the stock, 47 recommend buy and only one has a hold rating - a ratio of 98 per cent that's the highest since June 2004, according to data compiled by Bloomberg
 "Analyst optimism on State Bank of India reaches a 17-year high, shows data")
Fund Pick: Why Aditya Birla Sun Life Savings Fund is a category winner
Rs 1,00,000 invested on April 15, 2003 (inception of the fund) would have grown to Rs 3,81,800 at (7.66% CAGR) on June 02, 2021 compared with Rs 3,41,750 (7.01% CAGR) for the peer group
 "Fund Pick: Why Aditya Birla Sun Life Savings Fund is a category winner")