Page 2063 - Markets News
Market Wrap, Jan 29: Here's all that happened in the markets today
Sell-off intensified at the bourses after the Economic Survey pegged India's GDP growth in FY21 at -7.7 per cent but saw real GDP growth at 11% in FY22
 "Market Wrap, Jan 29: Here's all that happened in the markets today")
Sensex ends 588 pts lower at 46,285, down 5% in a week ahead of Budget 2021
Both the benchmarks have erased around 5 per cent during the week
 "Sensex ends 588 pts lower at 46,285, down 5% in a week ahead of Budget 2021")
Sun Pharma gains 6% on good Q3 results, Rs 5.50 per share interim dividend
Analysts had expected the revenues to grow around 6 per cent YoY and Ebitda margins expected to improve 42 bps YoY to 23 per cent
 "Sun Pharma gains 6% on good Q3 results, Rs 5.50 per share interim dividend")
GDP growth, fiscal deficit: Economic Survey nos in line with expectations
India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease
 "GDP growth, fiscal deficit: Economic Survey nos in line with expectations")
IIFL Finance hits 20% upper circuit post December quarter results
Net interest income of the company grew 57 per cent YoY to Rs 573 crore
 "IIFL Finance hits 20% upper circuit post December quarter results")
ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability
The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook
 "ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability")
Havells India slips 10% on heavy volumes after rallying 32% in a month
Till 01:42 pm, a combined 8.64 million equity shares, representing 1.4 per cent of total equity of Havells India, had changed hands on the NSE and BSE
 "Havells India slips 10% on heavy volumes after rallying 32% in a month")
Colgate Palmolive surges 6% on strong sales growth in December quarter
Given the sharp decline in commodity cost, gross margins expanded by 420 basis points
 "Colgate Palmolive surges 6% on strong sales growth in December quarter")
Maruti Suzuki dips 7% in two days post Q3 results on margin concerns
The stock was trading lower for the sixth straight trading day, having fallen 10 per cent during this period
 "Maruti Suzuki dips 7% in two days post Q3 results on margin concerns")
BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021
PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward
 "BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021")
Indian Railway Finance lists at 4% discount over issue price in tepid debut
At 10:44 am, IRFC was quoting at Rs 25, after hitting a high of Rs 25.50 and a low of Rs 24.30 on the BSE.
 "Indian Railway Finance lists at 4% discount over issue price in tepid debut")
Shriram Transport Finance soars 15% on improvement in asset quality in Q3
The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning
 "Shriram Transport Finance soars 15% on improvement in asset quality in Q3")
TVS Motor surges 10% after posting highest-ever revenue, profit in Q3
TVS Motor Company's operating performance was driven by price hikes, a favorable mix, and lower other expenses, Motilal Oswal said in a report
 "TVS Motor surges 10% after posting highest-ever revenue, profit in Q3")
Stocks to watch: IRFC, Tata Motors, IRCTC, TVS Motors, IndiGo, Airtel
InterGlobe Aviation reported a net loss of Rs 620 crore in the third quarter of pandemic-struck 2020-21 financial year
 "Stocks to watch: IRFC, Tata Motors, IRCTC, TVS Motors, IndiGo, Airtel")
Top corporate bond arranger expects spreads on highest-rated notes to widen
"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said
 "Top corporate bond arranger expects spreads on highest-rated notes to widen")
What to expect from December quarter results of Tata Motors today
According to the monthly sales data, Tata Motors sold 1.5 lakh units in the domestic markets, up 24 per cent on a year-on-year (YoY) basis, during the quarter under review
 "What to expect from December quarter results of Tata Motors today")
Market Ahead, January 29: All you need to know before the opening bell
Shares of IRFC will debut on the bourses today. The issue that ran between January 18-20 was subscribed 3.49 times
 "Market Ahead, January 29: All you need to know before the opening bell")
Tech Mahindra Q3 preview: Analysts expect up to 3% YoY decline in profit
Despite the headwind of furloughs and rupee appreciation, margins of growth for Tech Mahindra is expected to be flat in Q3FY21
 "Tech Mahindra Q3 preview: Analysts expect up to 3% YoY decline in profit")
Three PSU stocks that Nilesh Jain of Anand Rathi is bullish on
The momentum indicators and oscillators have reached the oversold territory in IRCTC stock, and are showing signs of reversal
 "Three PSU stocks that Nilesh Jain of Anand Rathi is bullish on")
Corporate earnings rebound in December quarter fails to lift Nifty EPS
The trailing 12-month EPS of the Nifty50 has risen just 2.8 per cent sequentially during the quarter. Further, earnings are still down 14.5 per cent year-on-year (YoY)