Page 2218 - Markets News
Bandhan Bank tumbles 12% as 21% equity changes hands via block deal
Blooomberg had reported recently that Bandhan Bank's main shareholder Bandhan Financial Holdings was looking to sell 337.4 million shares in a block trade today, seeking to raise $1.4 billion
 "Bandhan Bank tumbles 12% as 21% equity changes hands via block deal")
Real estate: Current sentiment pessimistic; project funding an issue
In a separate report by the economic wing of State Bank of India (SBI), the realty segment was among the top sectors where players / companies opted for moratorium
 "Real estate: Current sentiment pessimistic; project funding an issue")
Laurus Labs in focus, zooms over 15%; stock hits all-time high
For the April-June, 2020 quarter, Laurus Labs posted consolidated revenue of Rs 974 crore, up 77 per cent year-on-year (YoY)
 "Laurus Labs in focus, zooms over 15%; stock hits all-time high")
Are the markets entering a consolidation phase? Here's what charts suggest
Markets started the first trading day of August 2020 lower, with the S&B BSE Sensex slipping over 400 points in intra-day deals
 "Are the markets entering a consolidation phase? Here's what charts suggest")
Future Lifestyle Fashions hits 5% lower circuit on Q4 net loss of Rs 149 cr
The company had posted a profit after tax of Rs 74.67 crore during the January-March quarter a year ago
 "Future Lifestyle Fashions hits 5% lower circuit on Q4 net loss of Rs 149 cr")
Tata Chemicals shares slip 4% after Q1 net profit declines 67% YoY
For the quarter under review, net income declined by 9.88 per cent to Rs 2,406.82 crore from Rs 2,670.90 crore
 "Tata Chemicals shares slip 4% after Q1 net profit declines 67% YoY")
Vakrangee freezes at 5% upper circuit as Q4 profit grows 4-fold YoY
The specialty retail's revenue from operations stood at Rs 207.39 crore in Q4FY20, as against Rs 101.46 crore for the corresponding quarter last year, registering a growth of 104.32 per cent
 "Vakrangee freezes at 5% upper circuit as Q4 profit grows 4-fold YoY")
Auto stocks advance post encouraging July sales numbers; pare gains later
Maruti on Saturday announced it had sold 108,000 units in July, 88.2 per cent more than June 2020
 "Auto stocks advance post encouraging July sales numbers; pare gains later")
Indian Oil slips 3% as June quarter profit declines 47% YoY to Rs 1,911 cr
ncome from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a year back
 "Indian Oil slips 3% as June quarter profit declines 47% YoY to Rs 1,911 cr")
Tata Motors rallies 8% after June quarter nos; most brokerages bullish
Tata Motors reported a consolidated net loss of Rs 8,438 crore against Rs 3,698 crore in the corresponding quarter of last year.
 "Tata Motors rallies 8% after June quarter nos; most brokerages bullish")
Market Ahead, Aug 3: Top factors that could guide markets this week
The Indian markets are likely to see a negative start today as indicated by the SGX Nifty which was trading around 11,052 levels, down 52.95 points around 7:36 AM
 "Market Ahead, Aug 3: Top factors that could guide markets this week")
Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
The stock of ICICI Bank has once again made a good support base near 340 levels and is currently indicating a trend reversal
 "Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
Weak domestic business to offset gains on JLR front for Tata Motors
Analysts expect the company to turn profitable only in Q4FY21
 "Weak domestic business to offset gains on JLR front for Tata Motors")
68% of 40,000 firms may cut pay, freeze hiring or lay off staff: Crisil MD
In a Q&A, Ashu Suyash of Crisil says these companies from across 55 sectors have a wage bill of Rs 12 trillion and are at risk if urban demand does not pick up
 "68% of 40,000 firms may cut pay, freeze hiring or lay off staff: Crisil MD")
Markets, through volatility, may continue to do well: Vaibhav Sanghavi
While the near-term economic data may continue to remain weak, the markets, through volatility, may continue to do well, amid disbelief
 "Markets, through volatility, may continue to do well: Vaibhav Sanghavi")
Near-term demand uncertainty for Havells likely to weigh on sentiment
Though revenues declined 45 per cent year-on-year (YoY) to Rs 1,479 crore, there was a better-than-expected rebound in June sales, which pushed top line ahead of consensus estimate of Rs 1,302 crore
 "Near-term demand uncertainty for Havells likely to weigh on sentiment")
India's one-year returns turn positive, lag global peers: Morningstar
While the past three-month returns for the Indian markets have been strong, the one-year underperformance is on account of relatively weak GDP growth forecasts, said experts
Street signs: HDFC scores a hattrick, use corrections to go long, and more
HDFC Life's inclusion was on an out-of-turn basis, as it replaced Vedanta, which has proposed to delist or go private
 "Street signs: HDFC scores a hattrick, use corrections to go long, and more")
Bandhan Bank to IDBI Bank: 5 bank stocks that investors are betting on
With new strategies in place, the coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank
 "Bandhan Bank to IDBI Bank: 5 bank stocks that investors are betting on")
Sebi to set up virtual museum of securities market to highlight milestones
The virtual museum will engage the audience with creative content through various means
 "Sebi to set up virtual museum of securities market to highlight milestones")