Page 2263 - Markets News
Jindal Steel soars 8% on healthy monthly sales, surges 58% in one month
The company recorded the highest ever standalone steel sales of 640,000 tonnes in May 2020, up 28% year-on-year (YoY), with the revival of domestic demand.
 "Jindal Steel soars 8% on healthy monthly sales, surges 58% in one month")
SBI Q4 preview: SBI Cards stake sale to aid profitability; NPA levels eyed
According to analysts, gains from SBI Cards stake sale, worth Rs 3,000 crore, may support profitability.
 "SBI Q4 preview: SBI Cards stake sale to aid profitability; NPA levels eyed")
L&T Q4 preview: Analysts see muted nos amid Covid-19; order inflow eyed
Usually, Q4 is an execution-heavy quarter for capital goods players, but the lockdown has affected execution and deliveries for most companies.
 "L&T Q4 preview: Analysts see muted nos amid Covid-19; order inflow eyed")
DLF, Godrej Properties: Use dips to buy realty stocks for the long term
Real estate stocks were in limelight on Thursday, after Union Minister of Commerce & Industry asked developers to cut prices and sell inventory rather than wait for the market to bounce back
 "DLF, Godrej Properties: Use dips to buy realty stocks for the long term")
BPCL declines 3% on Q4 pre-tax loss of Rs 2,959 crore, recovers later
Consolidated loss after tax for the period was at Rs 1,819.56 crore against a profit of Rs 3,131.66 crore a year ago
 "BPCL declines 3% on Q4 pre-tax loss of Rs 2,959 crore, recovers later")
Saregama India shares zoom 44% in 2 days on Facebook deal
Saregama owns the largest music archives in India
 "Saregama India shares zoom 44% in 2 days on Facebook deal")
Aurobindo Pharma gains 5%, hits 52-week high as Q4 net profit jumps 45% YoY
That apart, the company informed the exchanges that the US FDA has classified the inspection of the company's oral solids formulation manufacturing facility at New Jersey as Official Action Indicated
 "Aurobindo Pharma gains 5%, hits 52-week high as Q4 net profit jumps 45% YoY")
Stocks to watch: BPCL, HDFC Life, DLF, Aurobindo Pharma, RIL, SRF, GAIL
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: BPCL, HDFC Life, DLF, Aurobindo Pharma, RIL, SRF, GAIL")
What is 'market capitulation' and how you can identify such a move
Capitulation can be effective in various ways as it can lead to selling exhaustion, thereby prompting fresh stock buying.
 "What is 'market capitulation' and how you can identify such a move")
Market Ahead, June 4: All you need to know before the opening bell
Today, a total of 15 companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results
 "Market Ahead, June 4: All you need to know before the opening bell")
Oil hits $40, cools off as doubts emerge over next step on Opec cuts
Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely
 "Oil hits $40, cools off as doubts emerge over next step on Opec cuts")
HDFC offloads 26 million shares worth Rs 1,274 crore of HDFC Life
According to bulk deal data available with the BSE, a total of 26,000,000 shares of HDFC Life Insurance Company were sold by its promoter HDFC
 "HDFC offloads 26 million shares worth Rs 1,274 crore of HDFC Life")
Aberdeen Standard defensive on India, deems Centre's measures insufficient
Prime Minister Narendra Modi last month declared a $265-billion rescue package - equivalent to 10 per cent of the gross domestic product
 "Aberdeen Standard defensive on India, deems Centre's measures insufficient")
IT stocks: Investors should wait till clarity on growth, margin emerges
Fewer deals wins, delay in ramping up of existing deals and likely price cuts are key worries expected on the back of subdued demand, thanks to the disruption in the global economy
 "IT stocks: Investors should wait till clarity on growth, margin emerges")
Street positive on Motherson despite weak outlook, drop in Q4 revenue
Strong operating performance, falling debt keep Street positive
 "Street positive on Motherson despite weak outlook, drop in Q4 revenue")
Nifty reclaims 10,000-mark, a first in 3 months as indices gain for 6th day
The Nifty ended the session at 10,062, gaining 0.83 per cent, or 83 points. The Sensex, on the other hand, rose 284 points, or 0.84 per cent, to end the session at 34,110
 "Nifty reclaims 10,000-mark, a first in 3 months as indices gain for 6th day")
RIL rights issue subscribed 1.6 times on attractive discount to CMP
Market players say strong demand for issue underscores investors faith in firm's long-term prospects
 "RIL rights issue subscribed 1.6 times on attractive discount to CMP")
Stocks zoom despite record equity issuances, beating historical trend
Trend challenges theory that large share sales suck out secondary market liquidity, say analysts.
 "Stocks zoom despite record equity issuances, beating historical trend")
PSBs may report weak loan growth, NII amid Covid-19 crisis in Q4: Analysts
Growth, asset quality and NPA resolutions remain key metrics to be watched for the entire lending space given uncertainty regarding the return to normalcy amid Covid-19 pandemic, say analysts
 "PSBs may report weak loan growth, NII amid Covid-19 crisis in Q4: Analysts")
Market Wrap, June 3: Here's all that happened in the markets today
BSE Sensex ended 284 points or 0.84 per cent higher at 34,109.54 levels while NSE's Nifty gained 82 points or 0.83 per cent to settle at 10,061.55
 "Market Wrap, June 3: Here's all that happened in the markets today")