Page 2134 - Markets News
Top-performing fund avoids investments in emerging markets low on ESG score
The $1.5-billion Candriam SRI Bond Emerging Markets Fund has outperformed almost 90 per cent of peers in the past three years and screens for ESG factors
 "Top-performing fund avoids investments in emerging markets low on ESG score")
AC import ban to drive market share gains for Voltas, Blue Star and Havells
Investment in domestic manufacturing capacities will stand them in good stead; OEMs like Amber Enterprises to also benefit
 "AC import ban to drive market share gains for Voltas, Blue Star and Havells")
HCL Technologies margins to moderate in H2FY21; investors remain cautious
US elections, a seasonally weak Q3, and sharp stock gains are weighing on return expectations
 "HCL Technologies margins to moderate in H2FY21; investors remain cautious")
Market regulator's T+1 settlement proposal faces opposition from FPIs
Foreign investor body writes to the market regulator highlighting operational difficulties
 "Market regulator's T+1 settlement proposal faces opposition from FPIs")
Chris Wood hikes allocation to Indian equities; raises stake in HDFC
Among Indian stocks, besides HDFC, Wood also holds Reliance Industries (RIL), Maruti Suzuki, SBI Life Insurance, DLF and Cipla
 "Chris Wood hikes allocation to Indian equities; raises stake in HDFC")
MFs look beyond India as asset managers launch schemes with global exposure
The thematic passive index fund is designed with the objective of providing Indian investors access to both Indian and global healthcare companies
 "MFs look beyond India as asset managers launch schemes with global exposure")
Valuation gap between HDFC Bank and ICICI Bank narrowest after correction
HDFC Bank's asking rate has been twice ICICI Bank's in the past, but the trend is fast reversing
 "Valuation gap between HDFC Bank and ICICI Bank narrowest after correction")
Exporters urged not to speculate on currency movement due to mkt volatility
A senior State Bank of India official on Friday urged exporters not to speculate on currency movement due to volatility in the market at the moment
 "Exporters urged not to speculate on currency movement due to mkt volatility")
Market Wrap, Oct 16: Here's all that happened in the markets today
On a weekly basis, Sensex slipped 1.29% while Nifty shed 1.27%
MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance
All that happened in the markets today
 "MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance")
IDBI Bank surges 18% on government stake sale plan report
In January 2019, Life Insurance Corporation (LIC) completed the acquisition of a 51 per cent controlling stake in the lender.
 "IDBI Bank surges 18% on government stake sale plan report")
Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%
Motilal Oswal Financial Services believes strong steel demand and prices in China, if it sustains, would be beneficial for steel prices in the region as well as India
 "Steel stocks in focus; JSW Steel hits 52-week high, Tata Steel surges 5%")
This beaten-down stock has zoomed 306% in 6 weeks after restart of trading
Currently, the stock is trading under 'T' category on the BSE, under all trades are settled on trade-to-trade (T2T) basis
 "This beaten-down stock has zoomed 306% in 6 weeks after restart of trading")
Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%
In the past month, Cyient has underperformed the market by falling 13 per cent, as compared to a 1.5 per cent rise in the S&P BSE Sensex till Thursday.
 "Cyient gains 5% as Q2 consolidated Ebit margin grows 586 bps QoQ to 11%")
Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?
Most IT stocks have seen sharp correction post Q2 results. However, the medium-term outlook stays bullish as per their respective technical charts.
 "Chart Check: IT stocks decline post Q2 nos. Do they still hold promise?")
Angel Broking, Chemcon Speciality, Happiest Minds hit new lows since debut
Chemcon Speciality Chemicals slipped 5 per cent to Rs 398.65 on the BSE today. The stock of the speciality chemicals has slipped 46 per cent from its listing day's high of Rs 743.80 hit on October 1
 "Angel Broking, Chemcon Speciality, Happiest Minds hit new lows since debut")
India's diesel sales rise above pre-Covid levels in October: Industry data
India's diesel consumption rose 8.8% in the first half of this month from a year ago, its first annual increase since March, when the nation imposed lockdown restrictions to curb the spread of Covid
 "India's diesel sales rise above pre-Covid levels in October: Industry data")
Consumer electronics shares gain as import of ACs with refrigerants banned
IFB Industries, Blue Star, Johnson Controls-Hitachi Air Conditioning India, Voltas and Whirpool of India were up in the range of 2 per cent to 6 per cent on the BSE
 "Consumer electronics shares gain as import of ACs with refrigerants banned")
Mindtree tumbles over 11% post September quarter result; brokerages mixed
For the quarter under review, Mindtree posted a net profit of Rs 253.7 crore, up 87.9 per cent year-on-year (YoY) and 19.1 per cent sequentially.
 "Mindtree tumbles over 11% post September quarter result; brokerages mixed")
HCL Tech falls 4% on profit booking post September quarter results
The stock has outperformed the market by surging 81 per cent in the past six months, against 31 per cent rise in the S&P BSE Sensex