Page 1947 - Markets News
New SIP registrations down 16% sequentially in April on Covid impact
Industry participants say that distributors have been facing difficulty to reach out to newer clients particularly in the rural areas
 "New SIP registrations down 16% sequentially in April on Covid impact")
Jewellers see just 10% of pre-Covid sales as lockdown hits sentiment
For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-COVID sales of 2019 are expected on Friday
 "Jewellers see just 10% of pre-Covid sales as lockdown hits sentiment")
Power Grid Corporation raises Rs 2,736 crore through InvIT OFS
State-run Power Grid Corporation of India Ltd said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer for sale
 "Power Grid Corporation raises Rs 2,736 crore through InvIT OFS")
Market Wrap Podcast, May 14: Here's all that happened in the markets today
On a weekly basis, both, the Sensex and the Nifty50 indices slipped around 1 per cent each
 "Market Wrap Podcast, May 14: Here's all that happened in the markets today")
PowerGrid InvIT ends with 3 pc premium against Rs 100 issue price
PowerGrid Infrastructure Investment Trust closed the trade with a premium of 3 per cent on Friday against its issue price of Rs 100.
Rupee rises 13 paise to settle at 73.29 on weaker US dollar today
The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market
 "Rupee rises 13 paise to settle at 73.29 on weaker US dollar today")
Sensex ends choppy day 42 pts up; Asian Paints jumps 8%, Tata Steel down 4%
On a weekly basis, both, the Sensex and the Nifty50 indices slipped around 1 per cent each
 "Sensex ends choppy day 42 pts up; Asian Paints jumps 8%, Tata Steel down 4%")
World stocks mixed after Wall Street rebound led by tech, financial firms
World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street.
 "World stocks mixed after Wall Street rebound led by tech, financial firms")
ITC records sharpest intra-day gain in over three months; stock up over 4%
Earlier, on February 4, 2021, the stock had seen intra-day rally of 6.8 per cent, while it touched a 52-week high of Rs 239.15 on February 9, 2021
 "ITC records sharpest intra-day gain in over three months; stock up over 4%")
Prince Pipes soars 15%, hits fresh record high as Q4 profit grows 246% YoY
In the past one year, the stock has zoomed 680 per cent as against a 56 per cent rally in the S&P BSE Sensex
 "Prince Pipes soars 15%, hits fresh record high as Q4 profit grows 246% YoY")
This smallcap pharma stock has zoomed over 100% in a month
The stock of the smallcap pharmaceuticals company was trading at its 52-week high level on the BSE
 "This smallcap pharma stock has zoomed over 100% in a month")
CEAT, Pricol: Auto ancillary stocks look set to rally further, charts show
With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.
 "CEAT, Pricol: Auto ancillary stocks look set to rally further, charts show")
Lupin shares slide 4% amid profit booking post March quarter results
During the past six trading days, Lupin outperformed the market and surged 15 per cent as compared to a per cent rise in the S&P BSE Sensex till Wednesday
 "Lupin shares slide 4% amid profit booking post March quarter results")
Mphasis shares decline 2% on muted March quarter performance
Mphasis Q4 results: Net profit margins contracted from 15.06 per cent in the year ago period to 12.56 per cent in the quarter under study. The margin also declined 60 bps on sequential basis
 "Mphasis shares decline 2% on muted March quarter performance")
HG Infra Engineering soars 19% on robust March quarter results
The company said the strict discipline in selecting and executing orders were translating into robust margins and return profile
 "HG Infra Engineering soars 19% on robust March quarter results")
Asian Paints surges 11% on strong revenue growth in Q4
The management said the domestic decorative business delivered a stellar performance, registering a 48 per cent volume growth in the quarter, led by robust growth in the premium and luxury product ran
 "Asian Paints surges 11% on strong revenue growth in Q4")
Markets will digest dent on June quarter earnings as one-time hit: CLSA
If India is unable to slow the number of infections, additional lockdown measures might be required, which analysts at Rabobank International say would negatively impact the supply side of the economy
 "Markets will digest dent on June quarter earnings as one-time hit: CLSA")
UPL jumps 5%, hits new high on healthy March quarter results
The strong margins and cost synergies have augured well for EBITDA margin expansion of 270 basis points (bps) at 22 per cent during the quarter
 "UPL jumps 5%, hits new high on healthy March quarter results")
Indian stock market's reaction to Covid-19 crisis is surprisingly muted
Even as the nation reports more than 300,000 confirmed infections daily, benchmark equity index has been moving in line with regional peers.
 "Indian stock market's reaction to Covid-19 crisis is surprisingly muted")
Stocks to watch: L&T, DRL, UPL, Eicher Motors, Happiest Minds, Tata Power
Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 amid a second Covid wave
 "Stocks to watch: L&T, DRL, UPL, Eicher Motors, Happiest Minds, Tata Power")