Page 1945 - Markets News
After 100% gain since Nov, can the rally in Gland Pharma stock continue?
Gland's prospects remain strong, say analysts, as it has a robust pipeline of products with 50 pending Abbreviated New Drug Applications (ANDAs) and a healthy filing rate of 21 ANDAs in 9MFY21
 "After 100% gain since Nov, can the rally in Gland Pharma stock continue?")
Tata Motors up 3%, Tata Motors DVR hits 52-week high ahead of Q4 results
Last week, rating agency Moody's had upgraded the outlook on TML from "negative" to "stable" due to continued recovery in the firm's consolidated revenue and profitability
 "Tata Motors up 3%, Tata Motors DVR hits 52-week high ahead of Q4 results")
Go Air IPO puts spotlight on Wadia Group stocks. Here's a chart check
Except Bombay Dyeing and Manufacturing Company, all other Group stocks are seeing downside pressure
 "Go Air IPO puts spotlight on Wadia Group stocks. Here's a chart check")
Brokerages stay bullish on Bharti Airtel post Q4 nos, see up to 33% upside
Bharti Airtel reported a broadly in-line set of results with a positive surprise on the subscriber addition front offset by a marginally weaker ARPU
 "Brokerages stay bullish on Bharti Airtel post Q4 nos, see up to 33% upside")
Shilpa Medicare jumps 26% in 2 days on tie-up with DRL for Covid vaccine
The company has entered into a three-year Definitive Agreement with Dr. Reddy's for production-supply of the Sputnik V vaccine
 "Shilpa Medicare jumps 26% in 2 days on tie-up with DRL for Covid vaccine")
Adani Green surges 10% in 2 days on report it may acquire SB Energy
According to a Bloomberg report, the deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million
 "Adani Green surges 10% in 2 days on report it may acquire SB Energy")
Orient Cement surges 10%, hits 52-week high on strong Q4 results
The company's stellar performance is backed by a 17.1 per cent YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5 per cent YoY) in the company's key operating regions
 "Orient Cement surges 10%, hits 52-week high on strong Q4 results")
Stocks to watch: Tata Motors, Airtel, Gland Pharma, HCL Tech, Orient Cement
Reliance Jio said it is constructing the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand
 "Stocks to watch: Tata Motors, Airtel, Gland Pharma, HCL Tech, Orient Cement")
Will Go Air's IPO initiate sector re-rating? Here's what analysts think
The IPO may not garner expected response as the financial position of the entire sector remains precarious given the unabated rise in Covid-19, and relatively higher oil prices
 "Will Go Air's IPO initiate sector re-rating? Here's what analysts think")
Market Ahead Podcast, May 18: Top factors that could guide markets today
Tata Motors, Aarti Industries, Chalet Hotels, Canara Bank and Torrent Pharma are among 35 companies slated to post their March quarter results today
 "Market Ahead Podcast, May 18: Top factors that could guide markets today")
Several companies rush to file draft red herring prospectus with Sebi
According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion) have filed their offer documents so far this month
 "Several companies rush to file draft red herring prospectus with Sebi")
SAT rejects Sebi view, rules tribunal can function sans technical member
Requests government for faster filling up of vacancies, judicial clarity
 "SAT rejects Sebi view, rules tribunal can function sans technical member")
Dip in Covid cases boosts indices; Sensex up 1.74%, FIIs remain net sellers
The uptick in global markets on optimism over the economic recovery helped counter concerns over rising inflation.
 "Dip in Covid cases boosts indices; Sensex up 1.74%, FIIs remain net sellers")
Analysts cautious on corporate earnings growth amid Covid-led lockdown
During the first wave, FY21 and FY22 Nifty earnings estimates, according to analysts at Jefferies, were cut by 33 per cent and 21 per cent respectively till September 2020
 "Analysts cautious on corporate earnings growth amid Covid-led lockdown")
Dow opens lower as inflation worries persist after strong rebound last week
The Dow Jones Industrial Average fell 6.84 points, or 0.02 per cent, at the open to 34,375.29
 "Dow opens lower as inflation worries persist after strong rebound last week")
Investors' wealth jumps over Rs 3 trillion as equity markets rally
Investors' wealth on Monday jumped Rs 3,03,725.89 crore as equity markets rallied on increased buying
 "Investors' wealth jumps over Rs 3 trillion as equity markets rally")
Sebi proposes framework for gold exchange; suggests electronic receipts
Sebi on Monday proposed an elaborate framework for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts
Rupee gains for 2nd straight session on positive equities, rises by 7 paise
The rupee rose for 2nd straight session to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency
 "Rupee gains for 2nd straight session on positive equities, rises by 7 paise")
Market Wrap Podcast, May 17: Here's all that happened in the markets today
The frontline S&P BSE Sensex zoomed 848 points to settle the day at 49,581 levels, lifted largely by financial counters
 "Market Wrap Podcast, May 17: Here's all that happened in the markets today")
SBI, HDFC Bank: Here is why bank stocks rallied up to 7% on Monday
Analysts opine that Monday's rally in banks is a sign of investors digesting decline in Covid-19 cases
 "SBI, HDFC Bank: Here is why bank stocks rallied up to 7% on Monday")