Page 1955 - Markets News
Petrol, diesel prices revision maintain pause as OMCs weigh options
Fuel prices in the country remained unchanged on Monday as oil marketing companies decided to wait and watch the situation prevailing in the global oil markets for some more time
 "Petrol, diesel prices revision maintain pause as OMCs weigh options")
Laurus Labs shares advance 5% on strong growth outlook
Laurus is well poised to follow the success story of some leading CDMO players backed by strong chemistry and integrated model
 "Laurus Labs shares advance 5% on strong growth outlook")
Tech check: RIL stock needs to cross Rs 2,051-mark to see fresh break out
A firm breakout above this level may see an upside towards Rs 2,200 levels
 "Tech check: RIL stock needs to cross Rs 2,051-mark to see fresh break out")
Natco Pharma gains 4% on emergency use approval for Covid-19 medicine
The company has received Emergency Use approval for Baricitinib tablets, 1mg, 2mg and 4mg strengths from Central Drugs Standard Control Organization (CDSCO) in India
 "Natco Pharma gains 4% on emergency use approval for Covid-19 medicine")
KPR Mill extends rally on strong Q4 results; stock zooms 37% in 7 days
The company said that the new expansion project of 42 million garments factory and sugar cum ethanol plant was progressing as per schedule
 "KPR Mill extends rally on strong Q4 results; stock zooms 37% in 7 days")
Marico surges 8%, hits new high on strong March quarter results
The company posted a 25 per cent volume growth with healthy growth in Parachute & value added hair oils (VAHO) on the back of a low base quarter
 "Marico surges 8%, hits new high on strong March quarter results")
YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore
The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago
 "YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore")
Oil prices slip as second wave of Covid takes toll on India's fuel sales
Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in demand
 "Oil prices slip as second wave of Covid takes toll on India's fuel sales")
AU Small Finance Bank slips 8% on asset quality concerns
The announcement of a lockdown in a few states can have some impact on the lender's collection efficiency and the demand outlook, and thus would be a key monitorable
 "AU Small Finance Bank slips 8% on asset quality concerns")
Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks
Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021
 "Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks")
Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks
Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021
Top trading ideas by Vaishali Parekh: Buy Grasim Industries, Bharat Forge
The chart of Grasim looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy
 "Top trading ideas by Vaishali Parekh: Buy Grasim Industries, Bharat Forge")
Market Ahead Podcast, May 3: Top factors that could guide markets this week
Volatility is expected to remain high in the events-heavy week. Street will react to the Reliance Industries results which came in after market hours on Friday
 "Market Ahead Podcast, May 3: Top factors that could guide markets this week")
Recently downgraded India under Asian Model Portfolio: Manishi Raychaudhuri
The head of Asia-Pacific equity research at BNP Paribas says a renewed slowdown in consumption and some service sectors can lead to consensus downgrades to Indian earnings estimates
 "Recently downgraded India under Asian Model Portfolio: Manishi Raychaudhuri")
Street signs: MF fancy UTI AMC, analysts positive on road builders
Several MF houses bought shares of peer UTI Asset Management Company during the March quarter
 "Street signs: MF fancy UTI AMC, analysts positive on road builders")
Nifty50 has found support at its 100-day moving average twice
On Friday, the index closed at 14,631, after dropping 264 points, or 1.8 per cent. Despite the sharp fall, the 50-share index currently trades above its 100-DMA of 14,459
 "Nifty50 has found support at its 100-day moving average twice")
Amid weak showing by biosimilars and generics, downgrade pressure on Biocon
Analysts expect ramp-up in biosimilars to be gradual
 "Amid weak showing by biosimilars and generics, downgrade pressure on Biocon")
Equity mutual funds may log inflows for a second consecutive month
Key categories see a jump in assets; fund managers step up buying in April
 "Equity mutual funds may log inflows for a second consecutive month")
FPIs turn net sellers after 6 months; withdraw Rs 9,659 crore in April
This was the first net withdrawal since September 2020, when they had pulled out a net of Rs 7,782 crore from equities
 "FPIs turn net sellers after 6 months; withdraw Rs 9,659 crore in April")
Sensex tanks 984 pts, ends at 48,782; financials crack; Nifty Pharma up 1%
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each
 "Sensex tanks 984 pts, ends at 48,782; financials crack; Nifty Pharma up 1%")