Page 1929 - Markets News
Reliance Infra, Reliance Power: Trading strategies for ADAG stocks
Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term
 "Reliance Infra, Reliance Power: Trading strategies for ADAG stocks")
New closing peak for indices; Nifty tops 15,750; Sensex gains 228 pts
Nifty50 hit record peak after a tweet by the Prime Minister's Office said PM Narendra Modi will address the nation at 5 PM later in the day
 "New closing peak for indices; Nifty tops 15,750; Sensex gains 228 pts")
RBI announces operational flexibility for reporting FPI deals in G-Secs
The new rules will come into effect from June 14, said the Central bank in an official statement
 "RBI announces operational flexibility for reporting FPI deals in G-Secs")
Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit
Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states
 "Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit")
Average spot power price up 10% to Rs 2.83 per unit in May at IEX
The average spot power price in DAM at IEX was Rs 3.34 per unit in May, 2019.
 "Average spot power price up 10% to Rs 2.83 per unit in May at IEX")
Asia's ESG bond issuances hit record $69 billion this year, no let-up seen
Bankers say the trend will continue
 "Asia's ESG bond issuances hit record $69 billion this year, no let-up seen")
L&T extends gain after winning significant contracts for various biz
While the company did not disclose the value of the order, it generally classifies them significant, if the value is in the range of around Rs 1,000-2,500 crore
 "L&T extends gain after winning significant contracts for various biz")
Piramal Enterprises rallies 12% in two days; stock hits 52-week high
The Mumbai bench of the NCLT has approved the Piramal Group's resolution plan for DHFL
 "Piramal Enterprises rallies 12% in two days; stock hits 52-week high")
Indian Energy Exchange trades 6,540 MU of electricity volume in May
Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth amid continuation of Covid-19 lockdowns
 "Indian Energy Exchange trades 6,540 MU of electricity volume in May")
Sugar shares rally; Dalmia Bharat, Triveni, Dwarikesh zoom up to 19%
On World Environment Day (June 5), Prime Minister Narendra Modi announced that the target of 20 per cent ethanol-blended petrol has been advanced by five years to 2025
 "Sugar shares rally; Dalmia Bharat, Triveni, Dwarikesh zoom up to 19%")
This housing finance company's stock has zoomed over 100% in 6 days
The stock of PNB Housing Finance has zoomed 101 per cent post its announcement that its board approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to Carlyle Group
 "This housing finance company's stock has zoomed over 100% in 6 days")
NIIT hits over 13-year high on healthy March quarter results
The company recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations
 "NIIT hits over 13-year high on healthy March quarter results")
Varroc Engineering tumbles 11% on weak March quarter results
The company's global (Ex China) passenger vehicle volumes in Q4FY21 declined mainly due to severe semi-conductor shortages
 "Varroc Engineering tumbles 11% on weak March quarter results")
TVS Motor surges 6%, nears 52-week high after huge block deal
Around 24.4 million shares, representing 5.13 per cent of the total equity of TVS Motor Company, worth Rs 1,506 crore changed hands via block deal on the NSE, the exchange data shows
 "TVS Motor surges 6%, nears 52-week high after huge block deal")
Stocks to watch: PNB, IndiGo, MRF, Tata Steel, Equitas SFB, RBL Bank
The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of RBL Bank, for a further period of one year, with effect from June 30, 2021
 "Stocks to watch: PNB, IndiGo, MRF, Tata Steel, Equitas SFB, RBL Bank")
Market Ahead Podcast, June 7: Factors that could guide markets this week
Union Bank of India, Central Bank of India, Mrs Bectors Food Specialities, Jubilant Ingrevia and MRF are among 31 companies slated to post their quarterly numbers today
 "Market Ahead Podcast, June 7: Factors that could guide markets this week")
India continues to be one of stronger markets among Asian Ems: Ritu Arora
We are assuming that the Covid impact would be for the next couple of quarters, while the economy will remain largely resilient over the long term, says CEO Arora
 "India continues to be one of stronger markets among Asian Ems: Ritu Arora")
50 listed companies 'missing' after raising money, exchange chases them
'Vanishing companies' served notices for flouting norms, but promoters didn't respond
 "50 listed companies 'missing' after raising money, exchange chases them")
Nearly 2 of 3 Nifty50 stocks at premium to historical valuations
The list of stocks trading at a premium is dominated by IT, pharma, and index heavyweight Reliance Industries
 "Nearly 2 of 3 Nifty50 stocks at premium to historical valuations")
Street signs: IPO clearances may get delayed, Federal-Mogul stock & more
Analysts said total investments to provide tap water connections could be above Rs 1 trillion every year till FY24
 "Street signs: IPO clearances may get delayed, Federal-Mogul stock & more")