Page 2156 - Markets News

Indices gain for 3rd straight session as Trump health boosts global markets

Tata Consultancy Services (TCS) soared over 7 per cent after the IT services company announced that it would consider a share buyback proposal later this week

PE/VC investments in pharma companies grow 3.5X in 2020, cross $1 bn mark

The reputation and relationships have helped pharma industry raise huge amounts of PE capital in 2020.

Angel Broking slides 10% on market debut after weak response to IPO

The last instance of an IPO listing at a discount was that of SBI Cards, in March. It, too, had ended 10 per cent lower amid the turbulence caused by the pandemic

Raining returns: Long-only AIFs beat long-short strategies in August

The former gave average category returns of 4.3 per cent, in comparison to 0.2 per cent for the latter, shows data from PMS Bazaar

Volumes sustain in September despite new margin, share pledge norms

Cash market average daily turnover value stood at Rs 58,700 cr last month

Top 10 MF fund houses record double-digit growth in assets in Sept qtr

Axis MF posted the highest growth in percentage terms, with assets up 16.4 per cent at Rs 1.56 trillion, followed by UTI MF, which rose 16.1 per cent to Rs 1.55 trillion

Aurobindo Pharma: Multiple growth triggers to improve Street sentiment

Rebound in injectable sales, multiple product launches, strong European outlook and reduction in net debt are key earning triggers

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

The equity benchmark indices ended nearly 1 per cent higher on Monday, mainly lifted by information technology (IT) stocks and private sector lenders such as HDFC Bank, and ICICI Bank

MARKET WRAP: Sensex up 277 pts; TCS' m-cap tops Rs 10 trn, stock jumps 7%

All that happened in the markets today

Angel Broking makes a weak debut, lists at 10% discount against issue price

The Rs 600-crore IPO was subscribed nearly four times

IT Q2 preview: Strong deal flow, traction in digital tech to drive earnings

According to ICICI Securities, Tier-1 IT companies will see revenue growth in the range of 1- 3.5 per cent in constant currency terms on a sequential basis.

SpiceJet gains 3% as airline to start flights to London from December 4

Addressing media via video conferencing, CMD Ajay Singh said the airline would start flights between Delhi and Mumbai to London within two months

Chemcon Speciality shares slip 31% in two days after making a strong debut

The stock slipped 12 per cent to Rs 516, thereby falling 31 per cent in the past two trading days on the BSE.

TCS m-cap at Rs 10 trn, Wipro at 20-yr high; analysts see more gains ahead

At the bourses, the Nifty IT index hit a record high of 20,748 in intra-day trade on Monday, up 2.8 per cent at 20,677. In comparison, the Nifty50 index gained 1.2 per cent on the NSE

TCS, Infosys, MindTree: How to trade IT stocks ahead of Q2 earnings

TCS rallied 5 per cent to hit a record high of Rs 2,650 on the NSE after the company said it will consider a buyback on Wednesday, October 7.

Uttam Galva Steels hits 5% upper circuit as ArcelorMittal may bid for Co

The NCLT Mumbai Bench on October 1 admitted a petition filed by State Bank of India (SBI) under the Insolvency and Bankruptcy Code (IBC), according to a report.

Suprajit Engineering advances 10% post September quarter business update

The company said the group sales of over Rs 450 crore during the September quarter was the highest ever recorded in the history of the company.

Delayed US election a bigger risk for global financial markets: Ritu Arora

Despite short-term challenges, India remains of the most attractive investment destinations in Asia and the broader emerging markets, says Arora

Hatsun Agro up 12% on bonus issue, fund raising plan; gains 70% in 6 months

The board of directors of the company will meet on October 19, 2020 to consider the proposal for declaration of bonus shares and fund raising plan.

Solar Industries rallies 7% on signing new contract worth of Rs 409 crore

The company has signed a contract worth of Rs 409 crore to supply 1 million pieces of multimode hand grenade to the Ministry of Defence