Page 1996 - Markets News

Gold is down 11% so far in 2021; time to exit Muthoot Fin, Manappuram Fin?

While gold experts remain bullish on the yellow metal, analysts tracking the two non-bank finance companies (NBFCs) believe near-term headwinds continue to dampen outlook for the stocks

Sebi lays guidelines on votes cast by mutual funds to improve transparency

The move is aimed at encouraging fund houses to diligently exercise their voting rights in best interest of the unit holders

Market Wrap, March 5: Here's all that happened in the markets today

Domestic markets snapped the streak of weekly losses even as sombre global mood butchered bulls at the bourses for two days straight

Indian shares drop as Treasury yields rise, financials drag

Shares fell for a second straight session on Friday

Rupee falls by 19 paise to close at 73.02 against US dollar

Risk aversion in the global markets weighed on the Rupee

Indices end lower for 2nd day; Sensex drops 441 pts but up 2.5% this week

On the upside, ONGC, Maruti Suzuki, Nestle India, Titan, Reliance Industries, and L&T supported the markets with up to 2.5 per cent gains

CSB Bank surges 16% in a weak market, hits fresh 52-week high

The stock surpassed its previous 52-week high of Rs 270, touched on November 10, 2020

Laurus Labs falls 5% as promoters sell 1.3% stake in company

Laurus Labs said the significant part of the above amount shall be utilized to release the pledge on their equity shares of the company

Quick Heal zooms 8%, hits 52-wk high as board to consider buyback proposal

The security software provider's stock has advanced 9.1 per cent in the last one month (till Thursday) as compared to a 1.2 per cent rise in the benchmark Nifty50 index

Deepak Nitrite: Analysts see further upside despite 135% rally in 6 months

Deepak Nitrite got a shot in the arm on Thursday when the government announced to extend anti-dumping duty on phenol exported from the European Union and Singapore till June 7, 2021

Vodafone Idea slips 4% amid reports of fund raising plan hitting a snag

Vi's talks with the Oak Hill consortium have not led to a binding agreement as there were unresolved issues around funding terms, a media report said

PSU banks stage a comeback as tactical picks on sustained performance

The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest

Tech view: How to trade Wipro post $1.45 billion acquisition of Capco

A breakout may lead the stock to Rs 480 and Rs 500 levels

Wipro's $1.45 bn deal with Capco disappoints Street; here's why

Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the BFSI sector

Indian shares slip on bond yield worries; energy stocks, oil rise

"Chances of foreign investors pulling out some money from emerging markets like India have strengthened as U.S. bond yield increases," said Gaurav Garg, head of research at CapitalVia Global Research

UltraTech crosses Rs 2 trillion m-cap, zooms 77% in 6 months

Led by its dominant size and highly efficient operations, anlaysts believe that UltraTech Cement stands out as the best candidate to play recovery in the cement sector.

Heranba Industries lists at 44% premium over issue price of Rs 627

The initial public offer of the Gujarat-based firm was subscribed 83 times

Stocks to watch: Heranba Industries, Wipro, IB Housing Fin, Jet Airways

Indiabulls Housing Finance has raised $150 million by issuing foreign currency convertible bonds, the company said

Top trading ideas by Anand Rathi Shares: Buy LIC Housing Finance, HDFC Life

In the past couple of sessions, the stock of LIC Housing Finance has consolidated near the previous high, indicating strong hands accumulating the counter at higher levels

Market Ahead, March 5: All you need to know before the Opening Bell

Set to be its biggest ever buyout, Wipro will acquire London-headquartered Capco in a $1.45 billion (over Rs 10,500 crore) deal