Page 2296 - Markets News
Defence manufacturers' stocks surge as Centre hikes FDI limit to 74%
Hindustan Aeronautics, BEML, Bharat Dynamics and Bharat Electronics among the state-owned companies shares have rallied by up to 10% on the BSE in early morning trade.
 "Defence manufacturers' stocks surge as Centre hikes FDI limit to 74%")
RIL gains 1% on General Atlantic deal; rights issue to open on Wednesday
RIL on Sunday announced selling 1.34 per cent stake in its digital services subsidiary, Jio Platforms, to PE firm General Atlantic for Rs 6,598.38 crore to accelerate consumer business and cut debt.
 "RIL gains 1% on General Atlantic deal; rights issue to open on Wednesday")
Lockdown extension was expected; stimulus measures are a disappointment
The government's recent stimulus measures, however, may disappoint the market because they were expecting huge fresh liquidity infusion into the system to improve the aggregate demand
 "Lockdown extension was expected; stimulus measures are a disappointment")
Stocks to watch: RIL, Cipla, Coal India, Bharti Airtel, KNR Constructions
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: RIL, Cipla, Coal India, Bharti Airtel, KNR Constructions")
Market Ahead, May 18: Top factors that could guide markets this week
Corporate results will continue to pour in throughout the week. Companies like Bharti Airtel, Bajaj Auto, Colgate Palmolive, and Dr Reddy's are scheduled to come out with their March quarter numbers
 "Market Ahead, May 18: Top factors that could guide markets this week")
Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
The stock of Reliance Industries has corrected from the peak of Rs 1,600 and is currently showing signs of reversal bottoming our near Rs 1,415 levels
 "Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
Market experts back RIL's rights issue, ask shareholder to participate
The partly paid up shares may trade at some discount in the interim
 "Market experts back RIL's rights issue, ask shareholder to participate")
Nifty FY22 EPS set to surge between 10% and 30% despite economic shock
The brokerage highlights how the share of Nifty companies' profit in GDP and GVA (gross added value) has been meagre and falling. From a share of 2.8 per cent of GDP, it is now at 2 per cent
 "Nifty FY22 EPS set to surge between 10% and 30% despite economic shock")
Mutual funds looked beyond frontline stocks in April, say analysts
Meanwhile, fund managers were seen buying shares of companies, such as HDFC Life, Eicher Motors, and Page Industries - which are arguably a notch below the frontline names
 "Mutual funds looked beyond frontline stocks in April, say analysts")
We don't see a lot of upside in equities from current levels: Venkataraman
While we await full details and the implementation of the announcements, some of the policy steps to improve funding access to non-banking financial companies (NBFCs) are positive
 "We don't see a lot of upside in equities from current levels: Venkataraman")
Street signs: RIL becomes top index weight, Vedanta deal, and more
According an analysis done by a brokerage, RIL has become the most important stock in the blue-chip indices after nearly a decade
 "Street signs: RIL becomes top index weight, Vedanta deal, and more")
Fiscal stimulus 2.0: Consumption boost for agri, auto and FMCG companies
Rising farm income to aid firms having a bigger share of revenues from the rural sector
 "Fiscal stimulus 2.0: Consumption boost for agri, auto and FMCG companies")
Commodity picks: May 18, 2020
Maize prices are expected to trade lower towards Rs 1,150 - Rs 1,100 per quintal in a couple of weeks
 "Commodity picks: May 18, 2020")
Lockdown extension will disappoint markets; Nifty may re-test 7,500 levels
The economy, one must understand, is not a light switch. One cannot just push the on and off button at will. It takes time for the economic activity to revive
 "Lockdown extension will disappoint markets; Nifty may re-test 7,500 levels")
FPIs invest over Rs 17,000 crore in Indian equities so far in May
Equities saw a net outflow of Rs 6,883 crore in April and Rs 61,973 crore in March, hit by coronavirus-induced disruptions.
 "FPIs invest over Rs 17,000 crore in Indian equities so far in May")
Reliance Industries' Rs 53,000-crore rights issue to kick off on May 20
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459
 "Reliance Industries' Rs 53,000-crore rights issue to kick off on May 20")
Lockdown mints more than a million new stock traders across India
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
 "Lockdown mints more than a million new stock traders across India")
RIL rights issue to open for subscription on May 20 and close on June 3
The abridged letter of offer, application form of rights issue and rights entitlement letter will be sent to eligible equity shareholders of the company
Central banks may be forced to sell gold; India at risk: Chris Wood
According to reports, official gold reserves in India totaled 653 tonnes at the end of March 2020, while those in Saudi totaled 323 tonnes.
 "Central banks may be forced to sell gold; India at risk: Chris Wood")
Arbitrage schemes back on investors' radar after Franklin Templeton fiasco
The arbitrage category witnessed Rs 33,767 crore in net outflow during March
 "Arbitrage schemes back on investors' radar after Franklin Templeton fiasco")