Page 1944 - Markets News
Market Wrap Podcast, May 20: Here's all that happened in the markets today
The BSE barometer of 30-shares was down 338 points, or 0.68 per cent, at 49,565 levels while the Nifty50 index quoted at 14,906 levels, down 124 points or 0.83 per cent
 "Market Wrap Podcast, May 20: Here's all that happened in the markets today")
Metals, financials drag indices; Sensex falls 338 pts, Nifty holds 14,900
Heavyweights HDFC Bank, ICICI Bank, Reliance Industries, Axis Bank, Kotak Mahindra Bank, TCS, and HDFC contributed the most towards the indices' losses
 "Metals, financials drag indices; Sensex falls 338 pts, Nifty holds 14,900")
European stocks edge higher despite tapering talk; cryptos bounce back
Bitcoin was up 9.5% at $40,265 having nearly slid though $30,000 on Wednesday and been almost at $65,000 just over a month ago
 "European stocks edge higher despite tapering talk; cryptos bounce back")
Metals under pressure; Tata Steel, Hindalco, SAIL, JSPL slip 5%
With today's decline, the S&P BSE Metal index has now corrected 10 per cent from its record high level of 20,429, touched on May 11, 2021
 "Metals under pressure; Tata Steel, Hindalco, SAIL, JSPL slip 5%")
BSE Smallcap index at new high; Angel Broking, Apcotex zoom 100% in a month
Bajaj Hindustan, Praj Ind, Zee Media, Tata Steel BSL, Dhampur Sugar, Gateway Distriparks, Jay Bharat Maruti and Gokaldas Exports have rallied between 60% and 90% in the past month
 "BSE Smallcap index at new high; Angel Broking, Apcotex zoom 100% in a month")
SBI Q4 preview: Analysts see 65-115% YoY PAT growth on lower provisions
Emkay Global feels that SBI's slippages may remain moderate with limited non-performing assets (NPAs) in retail and no lumpy corporate barring Srei
 "SBI Q4 preview: Analysts see 65-115% YoY PAT growth on lower provisions")
Shakti Pumps surges 33% in three days on strong March quarter results
For the entire financial year 2020-21 (FY21), Shakti Pumps posted a consolidated net profit of Rs 75.59 crore as against a net loss of Rs 14.08 crore in FY20
 "Shakti Pumps surges 33% in three days on strong March quarter results")
Deepak Fertilizer, GSFC: Fertilizer stocks may soar 16% on subsidy push
A sharp rally in fertilizer stocks on Thursday on hike in subsidy has opened doors for more upside in the coming days
 "Deepak Fertilizer, GSFC: Fertilizer stocks may soar 16% on subsidy push")
TCI Express rallies 16%, hits new high on robust March quarter results
The company's Q4FY21 Ebitda margin expanded by 870 bps YoY to 20.3%, driven by improvement in both volumes and realisations
 "TCI Express rallies 16%, hits new high on robust March quarter results")
Fertiliser stocks gain as government hikes subsidy; Chambal, RCF rally 9%
ICICI Securities does not expect the reduction in prices to have a major impact on the balance sheet of fertiliser companies
 "Fertiliser stocks gain as government hikes subsidy; Chambal, RCF rally 9%")
Axis Bank's OFS opens for retail investors today. Should you subscribe?
Nearly all the brokerages retained their 'buy' calls on the stock post results with target prices as high as Rs 925
 "Axis Bank's OFS opens for retail investors today. Should you subscribe?")
Tata Coffee logs new all-time high; stock zooms 60% in a month
Tata Coffee, on April 29, had reported a strong set of results for the quarter ended March 2021, with its consolidated net profit more-than-doubling at Rs 57.37 crore, on the back of healthy sales
 "Tata Coffee logs new all-time high; stock zooms 60% in a month")
Stocks to watch: ZEEL, HPCL, Axis Bank, IB Housing Fin, fertiliser stocks
Indiabulls Housing Finance on Wednesday reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality
 "Stocks to watch: ZEEL, HPCL, Axis Bank, IB Housing Fin, fertiliser stocks")
Market Ahead Podcast, May 20: Top factors that could guide markets today
Crude prices remained soft after an over 3 per cent crash on Wednesday on worries that surging Covid-19 cases in Asia would dent demand for crude and amid possible US rate hikes
 "Market Ahead Podcast, May 20: Top factors that could guide markets today")
March quarter results suggests signal remains weak for telecom companies
The subdued trend in ARPUs is among key concerns
 "March quarter results suggests signal remains weak for telecom companies")
Second Covid-19 wave: Fewer companies to avail Q4 filing relaxation
Experts say Sebi's move to extend the deadline is a welcome step
 "Second Covid-19 wave: Fewer companies to avail Q4 filing relaxation")
Axis Bank's Rs 4,000-crore OFS subscribed over 2x by non-retail segment
Most bids came in at Rs 701.6 as against floor price of Rs 680 per share; 5.8 mn shares to be auctioned to retailers on Thursday
 "Axis Bank's Rs 4,000-crore OFS subscribed over 2x by non-retail segment")
Sebi seeks to merge 2 rules on debt issuance for easier compliance
The regulator said the new regulation will ensure ease of reference and language and also remove redundancies
IRFC, UTI AMC likely to get added in FTSE indices during rebalancing
China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances
 "IRFC, UTI AMC likely to get added in FTSE indices during rebalancing")
Bitcoin's m-cap plunges more than $500 billion in cryptocurrency rout
Bitcoin is now down more than 50 per cent from its record of almost $65,000 set in April
 "Bitcoin's m-cap plunges more than $500 billion in cryptocurrency rout")