Page 2247 - Markets News

Shriram Transport Finance okays rights issue to promoters for Rs 1,500 cr

The issue has been fixed at Rs 570 per share, including premium of Rs 560 per rights equity share, it said

Market Wrap, July 6: Here's all that happened in the markets today

RIL hit a fresh record high of Rs 1,858 during the day before settling at Rs 1,851.40, up over 3.5 per cent on the BSE

FMCG: After decade-low volume performance in Q4, worst yet to come

Q4 was weaker than demonetisation and GST periods, and June quarter is expected to see further pain despite hopes from better rural demand

MARKET WRAP: RIL, HDFC Bank help Sensex settle 466 pts higher; pharma slips

All that happened in the markets today

Investors should not be gung-ho about banks' Q1 headline numbers: Analysts

While Q1 updates of HDFC Bank, IndusInd Bank and Federal Bank show up to 21% loan growth, extension of moratorium, postponement of March disbursements will influence reported numbers

Average spot power price drops 29% to 2.35/unit on India Energy Exchange

Average spot power price dropped 29 per cent year-on-year to 2.35 per unit in the day-ahead market in June on India Energy Exchange (IEX)

Marico declines 4% on profit-booking post June quarter business update

The manufacturing of parachute & value-added hair oils was significantly impacted by lockdown with billing only resuming in the latter part of April.

TCS gains 9% in 4 days ahead of Q1 nos on Thursday; stock nears record high

The stock was up 3% at Rs 2,269 and was just 1 per cent or Rs 27 away from its all-time high level of Rs 2,296, touched on September 3, 2019, in intra-day trade.

Sobha Ltd shares gain 5% after Company issues operational update for Q1FY21

The company said the demand has remained consistent in all the cities where it operates in spite of uncertainties of the Covid-19 pandemic

Reliance Industries' m-cap breaches Rs 12 trillion-mark, stock gains 3%

The stock hit a fresh record high of Rs 1,847.7, advancing 3.4 per cent, on the BSE on Monday

Prism Johnson up 10% as board approves divestment of entire stake in RQBE

The company informed that the board has approved divestment of stake to "QORQL Private Limited, a technology company with a majority shareholding of Vijay Shekhar Sharma.

Delivery-based volumes in June at lowest level in 2020 amid market rally

In June, less than one-third (33 per cent) of the total traded quantity at the bourses was converted into delivery

PSU stocks gain; ITI, Bharat Dynamics, Hindustan Aeronautics hit 52-wk high

Hindustan Copper, BHEL, Cochin Shipyard and STC India from the S&P BSE PSU index were up in the range of 4 per cent to 8 per cent on the BSE today

RCF, Chambal Fertilizers, GNFC: Charts suggest upside for fertiliser stocks

Fertiliser sales surged by almost 98 per cent year on year in May 2020, according to government data

Eclerx surges 11% as board to consider share buyback proposal today

ICICI Securities believe the company has potential to do a buyback in the range of Rs 200-250 crore, which is around 10- 15 per cent of the company's market cap

HDFC Bank shares gain 3% on strong loan growth in June quarter

Incremental disbursement to corporate/MSME is seen reducing margins, the bank said

Stocks to watch: HDFC Bank, Bajaj Auto, ICICI Bank, Marico, Sobha, NFL, NLC

Here's a look at the top stocks that may remain in focus today

Stock recommendations by Vaishali Parekh: Buy Time Technoplast, Siemens

The stock of Time Technoplast has made a higher bottom formation pattern and is currently picking up momentum

Nifty outlook and stock picks by Gaurav Garg of CapitalVia Global Research

Traders should try to create long position keeping close eye on 10,500, as it might act as crucial support for weekly expiry

Market Ahead, July 6: Top factors that could guide markets this week

At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today