Page 1932 - Markets News
Market Wrap Podcast, June 3: Here's all that happened in the markets today
On the NSE, the 50-share index added 114 points, or 0.73 per cent, to settle the day at 15,690
 "Market Wrap Podcast, June 3: Here's all that happened in the markets today")
Nifty ends at new closing peak of 15,690, Sensex at 52,232; Titan soars 7%
Titan clocked a massive rally of 7 per cent to end the day as top gainer, followed by ONGC, Kotak Bank, Bajaj Finance, Axis Bank, HDFC Bank, and L&T
 "Nifty ends at new closing peak of 15,690, Sensex at 52,232; Titan soars 7%")
After a washed-out May, can auto sales rebound anytime soon?
Analysts expect the 'pent-up demand' story to play out from the second quarter of the financial year 2021-22 (Q2FY22) as states unlock
 "After a washed-out May, can auto sales rebound anytime soon?")
Retail investors in India, South Korea join meme craze for AMC stock
AMC Entertainment skyrocketed as much as 127% on Wednesday, extending its total gains for the year to more than 3,000% and pushing its market capitalization briefly above $33 billion.
 "Retail investors in India, South Korea join meme craze for AMC stock")
Titan Company surges 6%, hits record high; market-cap nears Rs 1.5 trillion
The stock of Tata Group Company surpassed its previous high of Rs 1,620.95, touched on January 6, 2021
 "Titan Company surges 6%, hits record high; market-cap nears Rs 1.5 trillion")
ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl
Brent prices continue to hover above $71/bbl, driven by the prospects of a global demand recovery and OPEC+'s production discipline
 "ONGC, Oil India hit 52-week highs as Brent crude climbs above $71/bbl")
AMC stock extends surge as Reddit's retail frenzy reaches new heights
The movie-theater chain has a market value of more than $30 billion, making it more valuable than at least half of the companies in the S&P 500 Index.
 "AMC stock extends surge as Reddit's retail frenzy reaches new heights")
Realty index surges 4%; Oberoi Realty hits record high, Phoenix Mills up 8%
GIC, Singapore's sovereign wealth fund and Phoenix Mills, have entered into a strategic partnership to establish an investment platform for retail‐led mixed‐use assets in India
 "Realty index surges 4%; Oberoi Realty hits record high, Phoenix Mills up 8%")
Indo-National zooms 20%, Eveready Industries hits over 3-year high
Eveready Industries hit an over three-year high (highest level since April 2018) of Rs 338.70 after rising 7 per cent on the BSE in intra-day trade today
 "Indo-National zooms 20%, Eveready Industries hits over 3-year high")
Muthoot, Manappuram Fin: Charts show up to 12% upside in gold financiers
Muthoot Finance is headed towards Rs 1,700 levels
 "Muthoot, Manappuram Fin: Charts show up to 12% upside in gold financiers")
Muthoot Finance soars 17% in two days, hits new high on strong Q4 results
Despite a 10-12 per cent decline in gold prices, Muthooth Finance managed to grow the loan book by 4 per cent quarter-on-quarter
 "Muthoot Finance soars 17% in two days, hits new high on strong Q4 results")
Reliance Industries rallies 15% in seven days, hits over 7-month high
The stock was up 2.2 per cent at Rs 2,250 on the BSE in intra-day trade on Thursday, trading close to its record high level of Rs 2,368.80 touched on September 16, 2020
 "Reliance Industries rallies 15% in seven days, hits over 7-month high")
Sebi gives foreign investors more time to furnish contact, income details
The regulator is also meeting custodians this week to thrash out a solution and address investors' concerns
 "Sebi gives foreign investors more time to furnish contact, income details")
Sugar shares rally up to 8% as ethanol blending programme advanced to 2023
ICICI Securities believes this would encourage sugar companies to further add sugarcane juice and grain-based ethanol capacities
 "Sugar shares rally up to 8% as ethanol blending programme advanced to 2023")
Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks
Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today
 "Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks")
Market Ahead Podcast, June 3: Top factors that could guide markets today
Sugar stocks will be in focus today after the government brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023
 "Market Ahead Podcast, June 3: Top factors that could guide markets today")
Indices end flat for the second straight session; ITC skids post results
After dropping to a low of 51,450.58 in late afternoon trade, the BSE Sensex clawed back lost ground to finish 85.40 points or 0.16 per cent down at 51,849.48
 "Indices end flat for the second straight session; ITC skids post results")
Decoding the stock market rally to new highs despite Covid pandemic
Momentum indicators suggest the market will keep running up until there is adverse news-flow; corrections as and when they come will be deep
Our base case projection for Nifty is 17,500 in 12-18 mths: Dhananjay Sinha
We do not think moderation in earnings will have any significant impact on the market. Hence, we see around 15 per cent upside on Nifty
 "Our base case projection for Nifty is 17,500 in 12-18 mths: Dhananjay Sinha")
PNB Housing: Fundamentals need to catch up with the stock now, say analysts
The fact that the capital raising plan was nearly double than what the Street had expected (Rs 1,800 crore) has helped the counter jump a massive 279 per cent from its 52-week low level
 "PNB Housing: Fundamentals need to catch up with the stock now, say analysts")