Page 2211 - Markets News

SPARC back in the black in Q1, reports profit of Rs 57 cr; stock jumps 14%

It's revenue from operations for the quarter under review came in at Rs 185.45 crore, clocking a growth of 970.73 per cent YoY from Rs17.32 crore reported in Q1FY20

Sashidhar Jagdishan to succeed Aditya Puri; brokerages bullish on HDFC Bank

Most brokerages have given a thumbs-up to the development, saying the appointment of an internal candidate will make the transition and subsequent handling of operations at the bank easier

PI industries surges 7%, scales all-time peak after June quarter results

The company posted a 43 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 146 crore.

Market Ahead, Aug 5: Top factors that could guide markets today

Over 65 companies, including Adani Gas, Apollo Tyres, Butterfly Gandhimathi, Canara Bank, and Cadila Healthcare, are scheduled to release their June quarter results today

11,250 crucial for Nifty to negate bearish set-up: Vinay Rajani of HDFC Sec

This sharp recovery could end up being a dead cat bounce, as the trend-line support which was recently broken could act as a resistance at 11,250

RIL's heft adds to fund managers' woes as stock makes up 20% of Sensex

Large-cap MFs risk face risk of losing out on the rally

Exide: Replacement demand, undemanding valuations to support revenues

Margins may be under pressure on higher raw material costs

Investors no longer smiling as Colgate's market share worries weigh

Rise in competitive intensity could make share gains difficult

Indices post biggest jump in 7 weeks; RIL, HDFC bank top gainers

Recouping all the losses made in the previous session, the Nifty50 index rose 211.25 points, or 1.94 per cent, to end at 11,102

India Inc can now move Sebi to settle dispute with proxy advisory firms

The circular comes a day after Sebi issued the procedural guidelines

Oil rebounds with equities offsetting the return of Opec+ supply

The market is looking for its next clear signal, with a slew of mixed data pressuring it on either side

Domestic realty funds launch stressed funds to tap stalled projects

With very low sales and financing from banks and NBFCs drying up, fund managers expect good returns from their investments, experts said

Axis Bank sets a floor price of Rs 442.19 per equity share for QIP

Axis Bank on Tuesday said it has set a floor price of Rs 442.19 per equity share for its proposed Rs 15,000 crore qualified institutional placement (QIP).

Analysts cautious on road ahead for auto sector despite July sales recovery

For the auto sector as a whole, analysts now expect polarisation to get more entrenched where rural-focused plays like M&M, Escorts etc to do well

Sebi decides to decentralise portfolio managers registration work

Markets regulator Sebi on Tuesday said it has decided to decentralise work related to registration of portfolio managers.

Sebi bans 4 entities for providing unauthorised investment advice

Those facing ban are -- Money Increase, Venture Revenue, their proprietor Ashish Chourasiya and Shinal Jain, who is connected to Chourasiya

Change in assets under management, a near-term challenge for AMCs

In the current Covid-19 scenario, investors are more conservative with a rising preference for less risky liquid funds compared to equity

Margin pressures to cap upside for Dr Lal Pathlabs as Covid dents volumes

Valuations too do not leave much scope for gains

Securitisation volumes drop to Rs 7,500 crore in Q1FY21 due to pandemic

Lockdown impacted income generation capacity of many borrowers, making investors wary of fresh transactions given the likely deterioration in loan repaying capacity of retail borrowers

Market Wrap, August 4: Sensex gains 748 pts, Nifty at 11,095

Snapping its four-day losing streak, the domestic stock market ended around 2 per cent higher on Tuesday, led by buying in RIL, and HDFC Bank