Page 2288 - Markets News

Market Wrap, June 1: Here's all that happened in the markets today

Sensex rallied 879 points or 2.71 per cent to 33,303.52 levels, with 25 of 30 constituents advancing and 5 declining

Biocon rallies 6%, hits record high on favourable ruling from US PTAB

Biocon's partner Mylan received a favourable ruling from U.S. Patent and Trademark Appeal Board (PTAB) on Sanofi's four device patents for Lantus SoloSTAR.

Corporation tax rate cut may save the day for Britannia in Q4, say analysts

In April, Britannia announced an interim dividend of Rs 35 per share for the financial year 2019-20.

Auto stocks in top gear despite sales de-growth due to Covid-19

In May, the S&P BSE Auto index gained 5.6 per cent as compared to 3.8 per cent decline in the S&P BSE Sensex.

Adani Power shares surge 10% as Gautam Adani plans to delist Co

The board of Adani Power is scheduled to meet on Wednesday to consider the proposal for voluntary delisting of the equity shares of the Company

Consumer durable stocks rally; Voltas jumps 10%, Symphony up 7% post Q4 nos

For the quarter under review, Voltas reported a 12.52 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 159.50 crore

IDBI Bank turns profitable after 13 straight quarters of loss; stock up 20%

The asset quality of bank, which is under Prompt Corrective Action (PCA), showed an improvement in slippage during the fourth quarter.

Escorts nears record high on May tractor sales nos, soars 32% in one month

Analysts say tractors are likely to see relatively faster recovery in the second half of this fiscal.

Unlock 1.0: Hotel stks rally up to 19% as operations to resume from June 8

Indian Hotels, Chalet Hotels, EIH, TajGVK Hotels & Resorts, EIH Associated Hotels and Shopper Stop were up in the range of 10 per cent to 19 per cent on the BSE in the intra-day trade.

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

Stocks to watch: YES Bank, HCL Tech, IDBI Bank, aviation, Dilip Buildcon

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

Market Ahead, June. 1: Top factors that could guide markets this week

SGX Nifty, which is up 130 points, is indicating a stronger opening for the Indian indices today

Top stock picks by CapitalVia Global Research: Buy RIL, Piramal Enterprises

The level of 9,200 might act as a base for Nifty's weekly expiry

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of HUL has maintained a strong base near 1970-1980 levels and has picked up momentum improving the bias

Covid-19 crisis threatens to wipe out gains from corporation tax cut

The tax cut in September last year had resulted in a 10% increase in the post-tax profits of index companies

Pandemic matters much more for mkts, economies than trade war: Dan Fineman

'From a six-12 month view, the markets can rise above the current levels on easing lockdowns and aggressive policy response'

Mutual funds looking at launching low-volatility products for investors

ICICI MF recently filed for an exchange-traded fund (ETF) that will track the Nifty Alpha Low-Volatility 30 Index

Broader market outperforms in May for the first time since January

For the first time since January, the three key indices representing the broader market - Nifty 500, Nifty Midcap 100, and Nifty Smallcap 100 - outperformed the benchmark Nifty 50 index

Street signs: Nifty may hover between 9K-10K, MF equity flows, and more

The month of May saw two large share sales -Rs 25,000-crore in Hindustan Unilever (HUL), and Rs 8,400-crore in Bharti Airtel (Airtel

Vedanta going private is a sign of base metal cycle bottoming, say experts

After hitting multi-year lows, metal prices have seen some gains. Though lower input costs are supportive, demand is the crucial missing piece