Page 2293 - Markets News

Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts

GSK Pharma: Near term headwinds may keep stock prices under pressure

April sales were the worst among top drug players

Bata: Despite subdued Q4, hope of faster recovery may keep sentiment intact

Q4 was weak with 8.8% fall in top line and 45.5% decline in pre-tax profit

Share sales in listed firms at record high of $4.4 billion this month

Companies and shareholders across Asia have been taking advantage of a market rebound since late March to sell shares

Negative price trading on MCX: Brokers approach Sebi with alternatives

MCX move follows after it settled April crude oil futures at minus Rs 2884 price even as their software was not permitting negative price trade following close of Nymex crude

Foreign funds flee India's bonds just when it needs them the most

The amount of sovereign securities held by global funds has slumped Rs 76,700 crore ($10 billion) from this year's peak in February

Pharma, chemical stocks lead under lockdown, Aurobindo is top performer

Within BSE-500, 79% stocks gave positive returns in two months of lockdown

S&P 500 clears 3,000 barrier on hopes of recovery, Covid-19 vaccine

The benchmark index traded above the key psychological level for the first time since March 5

Cash holdings of PMS schemes dip in April as markets rebound, data shows

Cash levels rose in March as markets tanked, prompting some of the value-oriented strategies to hold anywhere between 20-65% cash that month

Bharti Airtel promoter raises Rs 8,433 cr by offloading 2.75% stake

According to BSE data, Societe Generale picked up 35.3 million shares at Rs 561.1 apiece

IPO market forecast remains moribund despite market regulator's concessions

Last month, Sebi decided to extend the validity by six-month for IPOs whose validity expire between March 1 and September 30.

Alok Industries freezes at 5% lower circuit after huge block deals

As of March 2020, the promoters held 6.15 per cent stake in Alok Industries

UPL, Coromandel Intl, Rallis India: Fresh overhang for agrochem majors

Analysts say, chemicals being considered for ban form significant part of the portfolio, both exports and domestic sales, of many players

Market Wrap, May 26: Here's all that happened in the markets today

Sensex slipped 477 points from day's high to settle at 30,609.30, down 63 points

ITC shares gain 5% as Co to acquire spices major Sunrise Foods for Rs 2K cr

The proposed acquisition is aligned with ITC's strategy to rapidly scale up its FMCG businesses in a profitable manner, the company said.

Sensex slips 477 pts from day's high, ends 63 pts lower; IT stocks decline

All that happened in the markets today

Astec Life hits 52-wk high as ICRA reaffirms ratings, zooms 84% in 1 month

The domestic agrochemical industry has benefitted from the global supply-chain disruptions caused by the tightened environment regulations in China.

HDFC advances over 3% as Q4 nos beat Street expectations, pares gains later

The mortage lender on Monday reported a 22 per cent decline in net profit at Rs 2,233 crore in the fourth quarter, compared to Rs 2,862 crore in the year-ago period.

Cement shares rally on gradual pick-up in demand; Birla Corp surges 11%

After the demand disruption caused by the nation-wide lockdown, there has been a recovery in demand in the rural areas, primarily driven by pre-monsoon work.

Metal stocks shine amid strong global cues; JSPL, JSW Steel jump up to 10%

On the earnings front, Jindal Steel and Power (JSPL) on Monday reported a consolidated net profit of Rs 305.62 crore during the quarter ended March 31, 2020.