Page 2260 - Markets News
Exide Industries slips 8% on weak March quarter results
The automotive sector is facing a lot of challenges due to regulatory changes, technology shifts and demand uncertainty due to which there was a distinct slowdown in auto OE segment, the company said.
 "Exide Industries slips 8% on weak March quarter results")
Hero MotoCorp Q4 results preview: Analysts see over 30% decline in profit
Hero MotoCorp sold 13.34 lakh units during the quarter under review, down 25 per cent on YoY basis
 "Hero MotoCorp Q4 results preview: Analysts see over 30% decline in profit")
Titan Co surges over 7% ahead of March quarter nos; here's what to expect
Last month, the company, in a business update, had informed that the lockdown and restrictions imposed on various activities due to the Covid-19 pandemic had posed challenges to all its businesses.
 "Titan Co surges over 7% ahead of March quarter nos; here's what to expect")
Indian Hotels, Lemon Tree: Time to buy hotel stocks as operations resume?
Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent
 "Indian Hotels, Lemon Tree: Time to buy hotel stocks as operations resume?")
YES Bank gains 11%, hits 10-week high as Crisil affirms bonds rating at BBB
The ratings are underpinned by the expectation of continued extraordinary systemic support from key stakeholders and sizeable ownership by the SBI, Crisil said
 "YES Bank gains 11%, hits 10-week high as Crisil affirms bonds rating at BBB")
Vodafone Idea extends rally, zooms 129% in 10 trading sessions
The sharp rally in the past couple of weeks has been fuelled by reports that global technology giant Google is in talks to buy a 5 per cent stake in the company.
 "Vodafone Idea extends rally, zooms 129% in 10 trading sessions")
RIL climbs around 3%, hits new high as Co to sell 1.6% stake in Jio to ADIA
Edelweiss Securities recently said that the company is expected to repay its entire reported net debt even if the Saudi Aramco deal is delayed.
 "RIL climbs around 3%, hits new high as Co to sell 1.6% stake in Jio to ADIA")
IDBI Bank nears 52-week high; zooms 99% in 6 days on Rs 135 cr profit in Q4
The stock of the private sector lender was trading close to its 52-week high of Rs 40.90 touched on November 25, 2019
 "IDBI Bank nears 52-week high; zooms 99% in 6 days on Rs 135 cr profit in Q4")
IndusInd Bank gains 8% as promoters set to pick additional shares
The promoters, IndusInd International Holdings Ltd. and IndusInd Ltd., currently hold 14.68 per cent of IndusInd Banks paid-up share capital
 "IndusInd Bank gains 8% as promoters set to pick additional shares")
Stocks to watch: Titan Co, RIL, L&T, Vedanta, oil-linked stocks, financials
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: Titan Co, RIL, L&T, Vedanta, oil-linked stocks, financials")
Market Ahead, June 8: Top factors that could guide markets this week
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
 "Market Ahead, June 8: Top factors that could guide markets this week")
Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
The stock of SBI has bottomed out near 145 levels and gave a decent bounce to improve the bias and is currently in a rising trend.
 "Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
Nifty likely to face stiff resistance at 10,300: Gaurav Garg of CapitalVia
As per weekly option data, handful of put writing on higher strikes ranging from 9,800 to 10,100 is seen which shows Nifty might witness support in subzone of 10,000
 "Nifty likely to face stiff resistance at 10,300: Gaurav Garg of CapitalVia")
NTPC, Power Grid charged up with demand picking up, decent valuations
Rebound in power demand, reducing concerns over receivables, and decent valuations among multiple headwinds
 "NTPC, Power Grid charged up with demand picking up, decent valuations")
We should see relief rally sustain, though with interruptions: S Mukherjea
'India accounts for a mere $3 trillion of economic activity in a world with nearly $80 trillion of activity'
 "We should see relief rally sustain, though with interruptions: S Mukherjea")
Domestic fund managers up stake in beaten-down stocks, shows data
According to the shareholding data sourced from Capitaline, MFs have raised stake in 233 companies that saw such steep corrections during the March quarter
 "Domestic fund managers up stake in beaten-down stocks, shows data")
Environmental, social and governance theme sees uptick in emerging markets
Of the 140 companies that responded to a survey conducted by Bank of America (BofA) Global Research, more than 70 per cent had an ESG or sustainability policy in place
 "Environmental, social and governance theme sees uptick in emerging markets")
Street signs: 'Buy the dip' say chartists, rising free-float trade and more
The commentary by technical analysts has moved from 'sell on rallies' to 'buy the dips', with most expecting the bullish momentum, seen over the past three weeks, to sustain
 "Street signs: 'Buy the dip' say chartists, rising free-float trade and more")
Markets may take breather this week; global trends to be in focus: Analysts
Market analysts attributed the upmove to positive sentiment generated from gradual lifting of lockdowns across countries
 "Markets may take breather this week; global trends to be in focus: Analysts")
Sebi censures Astrazeneca promoter, Elliot Group for unfair trade practices
Sebi said that the entire procedure was intended to dilute the reverse book building mechanism for discovery of delisting price of the scrip as per stipulations
 "Sebi censures Astrazeneca promoter, Elliot Group for unfair trade practices")