Page 2075 - Markets News
OPEC+ resumes debate after talks stumble over February oil output
An internal OPEC document, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021
 "OPEC+ resumes debate after talks stumble over February oil output")
Market Wrap, Jan 5: Here's all that happened in the markets today
Bulls wrestled back control in the Indian markets in Tuesday's volatile session and helped benchmark indices scale fresh lifetime highs after a subdued first half
 "Market Wrap, Jan 5: Here's all that happened in the markets today")
Sensex ends 261 pts up at record closing peak of 48,438; IT stocks outrun
Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)
 "Sensex ends 261 pts up at record closing peak of 48,438; IT stocks outrun")
HDFC's Q3 biz update confirms recovery; re-rating in HFCs likely: Analysts
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
 "HDFC's Q3 biz update confirms recovery; re-rating in HFCs likely: Analysts")
Wipro advances 3%, hits fresh high; trades above share buyback of Rs 400
In the past three months, share price of Wipro gained 14 per cent but underperformed its peers HCL Technologies and Infosys, which rallied 20 per cent and 23 per cent, respectively
 "Wipro advances 3%, hits fresh high; trades above share buyback of Rs 400")
This textile stock has rallied over 100% in 2 months as promoters up stake
Between November 19 and December 22, the promoters of Filatex India purchased 11.93 million equity shares worth Rs 41 crore
 "This textile stock has rallied over 100% in 2 months as promoters up stake")
Asian stocks mixed after Wall Street retreat as virus cases rise
Asian shares were mixed on Tuesday as Japanese shares echoed pullbacks on Wall Street while other regional indexes recouped earlier losses
Delivery percentage surges in 2 months, the highest since April 2019
Delivery percentage showed a year-end rise and was at 39 per cent in the last two months
 "Delivery percentage surges in 2 months, the highest since April 2019")
Share buybacks fail to boost firms' long-term stock performance
Since April 2017, 176 companies have repurchased their shares. Some of them have done multiple buybacks. Of these shares of 111 companies are trading currently below the price
IT Q3 preview: Large deal wins to drive earnings but margins may take a hit
Brokerages expect large-cap IT firms to report revenue growth in the range of 2-3 per cent in constant currency (cc) terms
 "IT Q3 preview: Large deal wins to drive earnings but margins may take a hit")
Indus Towers surges 10% on heavy volumes, hits 52-week high
In Q2, the company witnessed the highest net tower additions in the last eight years
 "Indus Towers surges 10% on heavy volumes, hits 52-week high")
TCS m-cap nears Rs 12 trillion mark; stock rallies over 8% in 3 days
TCS stock needs to rise another 3 per cent to hit Rs 12 trillion market-cap
 "TCS m-cap nears Rs 12 trillion mark; stock rallies over 8% in 3 days")
Gold prices climb to 8-week high; is it time to invest in gold financiers?
The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels
 "Gold prices climb to 8-week high; is it time to invest in gold financiers?")
Ramco Systems hits over 4-year high in a weak mkt; rallies 49% in one month
Last month Ramco Systems had signed a multi-million-dollar agreement with a Global Fortune 500 major to unify and transform its Payroll for 18 countries in Asia Pacific region
 "Ramco Systems hits over 4-year high in a weak mkt; rallies 49% in one month")
M-cap of BSE-listed companies zoom to record high of over Rs 191 trillion
Total market capitalisation of all listed companies on the BSE has zoomed to a record high of over Rs 191 lakh crore
 "M-cap of BSE-listed companies zoom to record high of over Rs 191 trillion")
HDFC gains 2%, hits new high on healthy individual loan disbursement in Q3
HDFC reported a healthy 26 per cent YoY pick-up in individual loan disbursement during the October-December quarter
 "HDFC gains 2%, hits new high on healthy individual loan disbursement in Q3")
KNR Constructions rallies 6%, hits 52-week high on Rs 604 crore order win
The recently won contract is likely to strengthen KNR's order position further, said ICICI Securities
 "KNR Constructions rallies 6%, hits 52-week high on Rs 604 crore order win")
Stocks to watch: HDFC, DHFL, Bajaj Finance, Edelweiss Financial, IDBI Bank
MOIL will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat
 "Stocks to watch: HDFC, DHFL, Bajaj Finance, Edelweiss Financial, IDBI Bank")
Market Ahead, January 5: All you need to know before the opening bell
All the three bidders of DHFL -- Oaktree, Piramal and the Adani group -- have valued the housing finance company's shares at zero
 "Market Ahead, January 5: All you need to know before the opening bell")
ONGC, GAIL: Three stocks that Nilesh Jain of Anand Rathi is bullish on
The momentum indicators and oscillators in GAIL (India) stock are in the buy mode on the weekly scales
 "ONGC, GAIL: Three stocks that Nilesh Jain of Anand Rathi is bullish on")