Page 2130 - Markets News

Market Ahead, October 28: Top factors that could guide markets today

Analysts expect L&T to post muted numbers for the quarter though the strong contribution of its service business is likely to moderate the impact

Hero MotoCorp Q2: What to expect from the result announcements today

At the bourses, shares of Hero MotoCorp rallied 23.5 per cent during the September quarter as compared to 9 per cent gain in the S&P BSE Sensex

Food focus keeps PepsiCo going, but Coke struggles amid Covid-19 pandemic

Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online

Torrent Pharma: Cost controls not enough, recovery in key markets crucial

Chronic and sub-chronic therapies, accounting for 77 per cent of India sales, are outperforming the domestic market, say analysts

L&T Technology may trail peers in near term despite improved FY21 guidance

While deal pipeline remains strong, Q3 growth, valuations could impact stock

Mauritius war on money laundering gets it closer to exiting FATF grey list

Grey list may have created negative perception among pension, endowment and SWFs. RBI too rejected applications for NBFC licences recently, as investment was routed via Mauritius

UBS Wealth, State Street pick Indian stocks as US election hedge

Firm recommends these shares even beyond Nov 3 vote, as it expects market to be insulated from the election outcome

Banks working on Ant Group's Hong Kong IPO could get $396 million windfall

Ant is set to raise as much as $19.8 billion in Hong Kong if it fully exercises an over-allotment option

Asian indices fall as coronavirus cases surge; Wall Street declines

Stock benchmarks fell in Hong Kong, Sydney and Seoul. Tokyo was flat. Shanghai recovered from early losses to edge higher

Sensex, Nifty gain on hopes of higher inflows after MSCI Index rejig

Hopes of higher foreign inflows into local mkts after change in foreign ownership limits drive rally

Farmers in Uttar Pradesh feel the pinch as potato prices touch record highs

Potato seed is selling for Rs 60-70 per kg in the open market this year as compared to Rs 18-22 earlier. Crop area of potato is set to reduce this year due to high rates of seeds

HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress

Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs

Sebi bans Beckons Industries, its senior officials for GDR manipulation

Through two separate orders, Sebi noted that the firm issued 1.44 million GDRs amounting to USD 5 million in July 2008 and 2.49 million GDRs worth USD 10.54 million in June 2010

Sebi directs BSP Infra to return investors' money within 90 days

Markets regulator Sebi on Tuesday directed BSP Infrastructure & Construction and its then managing director Pradip Samaddar to refund the money raised from investors within 90 days

Sensex surges 377 pts as financial, FMCG stocks rally; Nifty ends at 11,889

All that happened in the markets today

Higher provisions, loans under recast: Expectations from Axis Bank's Q2 nos

Analysts expect the net profit to come in at Rs 1,740 crore along with pre-provision profit (PPP) at Rs 6,380 crore.

Midcap index outperforms; Shriram Transport, MRF, Muthoot Finance gain 6%

At 02:44 pm, the S&P BSE Midcap index was up 1.3 per cent, as compared to a 0.73 per cent rise in the S&P BSE Sensex and 0.58 per cent gain in the S&P BSE Smallcap index.

Foreign ownership limits: MSCI India to see passive inflow of $2.5 billion

Back in April 2020, the investment legroom for foreign investors in several Indian companies had gone up following the government's decision to automatically treat the sectoral limit as the FPI limit

Coforge shares trade firm after promoter sells 6.3% stake

On October 26, 2020, Hulst B.V, the promoter of Coforge, offloaded 3.8 million equity shares, representing 6.3 per cent stake, for Rs 878 crore on the NSE, the bulk deal data shows.

Just Dial: Is this the number you missed to dial in your portfolio?

The overall medium-term trend can take the stock towards Rs 800 levels, charts suggest