Page 2200 - Markets News

Phoenix Mills tanks 8% as nearly 11% equity changes hands via block deal

By 9:40 am, a combined 2.44 crore shares had changed hands on the counter on NSE and BSE

LIC Housing Finance surges 11% as net profit in June quarter rises 35% YoY

Its profit before tax (PBT) rose 21 per cent year-on-year (YoY) to Rs 1,017.67 crore.

Stocks to watch: Telcos, Axis Bank, LIC Housing Finance, IRB Infra, IBHFL

Here's a list of stocks that may trade actively in today's session

Market Ahead, Aug 25: All you need to know before the opening bell

On the results front, a total of 76 companies including Can Fin Homes, Atul Auto are scheduled to announce their June quarter results today

Divestment news attracts investors to govt companies; PSU stocks gain

Half a dozen PSU stocks have gained over 15% each

Unlock rally in hotels, multiplexes and retails stocks may fizzle out

While things have improved, market is ignoring balance sheet shrinkage and likely delay in getting back normalcy, say experts

Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan

The company's BSE filing read that Suzlon and its subsidiaries have recently concluded a comprehensive debt restructuring and issued various convertible and optional securities pursuant to the same

Eicher Motors shares jump 10% as 10-for-1 stock split comes into effect

Prior to the stock split, the stock traded at more than Rs 20,000 apiece, making it one of the most high-valued stocks in absolute terms

Strong momentum in agri tyre exports to help Balkrishna Industries

In addition to revenue growth, lower costs to aid the company in meeting its margin guidance for FY21

Street finds discomfort in ICICI Lombard-Bharti Axa merger deal

Bharti Axa's weak underwriting and high combined ratio are earnings dilutive, while valuations are on the higher side

Despite empty theatres due to Covid-19, multiplex stocks bounce back

Theater operators PVR Ltd. and Inox Leisure Ltd. have rebounded about 50% since May, after at least three consecutive months of losses

Mobile-based trading jumps amid lockdown, makes up 25% of cash market deals

Experts say spike can be attributed to limited availability of dealing room staff

One month on, Sebi's one-time settlement scheme remains doubtful starter

High settlement amount and prosecution from other probe agencies draws little interest

Societe Generale sells ICICI Bank shares worth nearly Rs 341 crore

As per the block deal data on the BSE, 9 million scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip

Orient Bell shares zoom 13% as Porinju's Equity Intelligence hikes stake

At 01:24 pm, the stock was trading over 9 per cent higher at Rs 101.20 on the BSE.

Market Wrap, August 24: Here's all that happened in the markets today

BSE Sensex rallied 364 points or 0.95 per cent to settle at 38,799 levels while NSE's Nifty ended at 11,466 points, up 95 points

Weak oil refining margins to put pressure on fuel retailers: Fitch Ratings

Fitch Ratings on Monday said state-owned oil refiners IOC, BPCL and HPCL may see longer than previously expected time to recover refining margins, increasing downside risks to their credit profiles.

Financial stocks lift indices, Sensex gains 364 pts; Nifty ends at 11,466

All that happened in the markets today

Tata Steel, JSPL: Morgan Stanley bullish on steel stocks; do you own any?

Supported by strong domestic demand in China, healthy exports, and rebound in domestic demand, global brokerage Morgan Stanley believes the steel industry's profitability cycle is turning faster

Bank stks in focus; Nifty Bank adds over 2.5%; IDFC First gains 7%, SBI 2%

Global agency Moody's pegs the banks' recap needs at Rs 1.9 lakh crore to Rs 2.1 lakh crore ($25 billion-$28 billion) in external capital over the next two years under its base scenario