Page 2277 - Markets News
IndiGo Q4 loss at Rs 871 cr, defers new capacity addition amid Covid-19
"With the prevailing uncertainty due to pandemic, we are not in a position to provide capacity growth guidance," the airline stand in a statement.
 "IndiGo Q4 loss at Rs 871 cr, defers new capacity addition amid Covid-19")
Vodafone Idea, Britannia: Stocks of MNCs zoom up to 144% in two months
The outperformance of MNCs has seen 19 such stocks grab a spot in the top 100 list of companies by m-cap, compared to 14 firms as on Jan 20, 2020, when the benchmark indices hit their all-time high.
 "Vodafone Idea, Britannia: Stocks of MNCs zoom up to 144% in two months")
Retailers to gain from easier norms, recovery longer for malls, multiplexes
The relaxation also comes as a relief given that consumption segments were impacted by the slowdown even prior to Covid-19
 "Retailers to gain from easier norms, recovery longer for malls, multiplexes")
Markets shrug off Moody's rating downgrade; Sensex, Nifty rise 1.6%
The rupee and the 10-year government bond, too, held steady, despite the red flags raised by the rating agency.
 "Markets shrug off Moody's rating downgrade; Sensex, Nifty rise 1.6%")
IndiGo: Near term outlook to be tough; weak demand, higher costs to weigh
The challenge for IndiGo as highlighted by the management is to manage cash and liquidity rather than look at profitability and growth
 "IndiGo: Near term outlook to be tough; weak demand, higher costs to weigh")
US equity funds outperform domestic schemes amid volatile markets
Mid-cap funds have delivered returns of 1.14 per cent as broader market indices put on a better showing than the 30-share Sensex in May
 "US equity funds outperform domestic schemes amid volatile markets")
Surprise index signals emerging market stocks rally may have more legs
The surprise index has tended to be a leading indicator for the performance of developing-nation equities
 "Surprise index signals emerging market stocks rally may have more legs")
RBI seeks clarity from govt on Taiwan's foreign direct investment status
The political and legal status of Taiwan is a contentious issue, with China seeing Taiwan as a breakaway province that will eventually be part of the country again
 "RBI seeks clarity from govt on Taiwan's foreign direct investment status")
Despite Moody's rating downgrade, indicators point to rupee revival
Currency dealers say the Reserve Bank of India (RBI) intervened in the currency markets, and may have even bought some bonds anonymously from the secondary markets.
 "Despite Moody's rating downgrade, indicators point to rupee revival")
RIL rights issue oversubscribed nearly 1.3 times with one day still to go
Reliance Industries Ltd's Rs 53,124 crore rights issue, which has already been oversubscribed, on Tuesday received further bids for 8.8 crore
Sebi allows N Ravichandran to subscribe shares in RIL's rights issue
In addition, he has been permitted to convert the physical share certificates held by him into the Demat form within three months
 "Sebi allows N Ravichandran to subscribe shares in RIL's rights issue")
Market Wrap, June 2: Here's all that happened in the markets today
BSE Sensex rallied 522 points or 1.57 per cent to 33,825.53 levels, thanks to buying in financial counters such as HDFC, HDFC Bank, ICICI Bank, Bajaj Finance, Axis Bank
 "Market Wrap, June 2: Here's all that happened in the markets today")
Vodafone Idea soars 20% on heavy volumes, hits 6-month high
The stock has rallied 35 per cent in the past three days.
 "Vodafone Idea soars 20% on heavy volumes, hits 6-month high")
Financials lead in Sensex's 522-pt rally; Nifty ends 153 pts up at 9,979
All that happened in the markets today
 "Financials lead in Sensex's 522-pt rally; Nifty ends 153 pts up at 9,979")
IndiGo Q4 preview: Analysts see loss up to Rs 2,600 cr amid Covid-19 woes
Rise in fuel costs due to depreciation of rupee during the quarter, slight decline in passenger load factor, but marginal expansion in fleet capacity are some other factors that could affect earnings
 "IndiGo Q4 preview: Analysts see loss up to Rs 2,600 cr amid Covid-19 woes")
VST Tillers freezes at 20% upper circuit ahead of May sales numbers
The company had posted strong sales in April 2020 with total sales climbing 51 per cent YoY to 1,089 units from 721 units in April 2019.
 "VST Tillers freezes at 20% upper circuit ahead of May sales numbers")
TCS, Pidilite, MCX, EID Parry: 42 stocks that are 10% away from 52-wk highs
Britannia has broken out of the consolidation range of Rs 3,400 to Rs 2,400 levels while Escorts witnesses buying above the resistance level of Rs 900.
Analysts ride two-wheeler stocks for gains as India eases Covid-19 lockdown
Expected demand pick-up in tier-II and tier-III cities as well as preference for personal mobility amid the Covid-19 health concerns are the top two factors that would drive the demand, analysts say.
 "Analysts ride two-wheeler stocks for gains as India eases Covid-19 lockdown")
Nifty Pharma gains 2.5%, crosses 10K mark for the 1st time since Oct 2018
Aurobindo Pharma, Biocon, Cipla, and JB Chemicals & Pharmaceuticals hit their respective 52-week highs on the NSE on Tuesday.
 "Nifty Pharma gains 2.5%, crosses 10K mark for the 1st time since Oct 2018")
Adani Green surges 5%, hits record high on no material impact of Covid-19
The company doesn't expect any issue in servicing the debt and other financing arrangements.
 "Adani Green surges 5%, hits record high on no material impact of Covid-19")