Page 2264 - Markets News

RIL up 2%, hits new high as Abu Dhabi's Mubadala to buy 1.85% stake in Jio

Abu Dhabi state fund Mubadala Investment Co will buy a 1.85 per cent stake in its digital unit, Jio Platforms, for Rs 9,093.6 crore.

RIL reclaims Rs 10 trillion m-cap; stock gains for the fourth straight day

The company's rights issue was subscribed 1.59 times

Stocks to watch: RIL, SBI, L&T, DLF, Bharti Airtel, RITES, HCL Tech, SRF

Here's a list of stocks that may remain in focus today

Strong Q4 performance, debt reduction show Aurobindo Pharma in good health

Despite an over 150 per cent rise since March lows, the stock can see more gains

UTI AMC initial public offering faces a delay over compliance issues

People in the know said Sebi has reservations over certain compliance issues

Despite weak outlook, open offer to support Wabco India's stock price

Post the global acquisition of Wabco by ZF Friedrichshafen AG of Germany (ZF), the acquirer is buying out minority shareholders at a revised open offer price of Rs 7,067.51 a share

Premium liquor segment may prove to be a hangover for United Spirits

Lower volumes in this segment and changing consumption pattern may pull down sales and offset gains from benign input prices and cost drive

Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years

Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.

Erroneous price feeds for F&O contracts disrupt trading on Bank Nifty

Several brokers cautioned investors and some halted trading in Bank Nifty contracts - the second-most traded index derivatives - citing irrational gap between 'buy' and 'sell' quotations.

Bank of Mauritius approaches RBI to clear the air on NBFC impasse

Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub

Credit funds could see unlisted exposure rise over high redemptions

Shrinking asset size has added to challenges in bringing down levels of such investments

India's policy uncertainty at 81-month high as index rises 4 months on trot

The last time index was this high was in August 2013 as country dealt with so-called taper tantrum. At the time, US Fed had begun reducing amount of money it made available for easy borrowing

Vodafone Idea stock doubles in just one month, CLSA sees more upside

Vodafone Idea's ARPU at Rs 109 is nearly 20 per cent lower than Bharti Airtel. CLSA expects the company's ARPU to grow by 30 per cent by FY22, underpinned by tariff hikes

Coronavirus impact: Sebi extends regulatory filing deadline for AIF, VC

The regulator said a need has been felt to further extend the timelines for regulatory filings for such entities

Faulty price feeds in F&O contracts disrupt trading, brokers approach NSE

Several brokers cautioned investors and some halted trading in Bank Nifty contracts, the second-most traded index derivatives

Market Wrap, June 4: Here's all that happened in the markets today

Sensex shed 129 points or 0.38 per cent to settle at 33,980.70, with Tech Mahindra (up over 5 per cent) being the top gainer and Asian Paints (down around 5 per cent) the biggest loser

MARKET: Financials drag indices lower; Sensex dips 129 pts, Nifty holds 10K

All that happened in the markets today

VST Tillers surges 41% in three days on strong tractor sales in May

The company sold 633 units of tractors in the month of May 2020, as against 527 units in the same month last year.

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.

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.