Page 2298 - Markets News
Sensex surges 511 pts on buying in RIL, banks; mid, small-caps underperform
All that happened in the markets today
 "Sensex surges 511 pts on buying in RIL, banks; mid, small-caps underperform")
Rahul Bajaj steps down as Bajaj Finance's chairman; stock ends 4% lower
The board has appointed Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from August 1, 2020
 "Rahul Bajaj steps down as Bajaj Finance's chairman; stock ends 4% lower")
Den Networks, Hathway Cable freeze at 10% upper circuit post Q1 results
In Q1FY21, Den Networks' consolidated net profit jumped an over four-fold to Rs 58 crore, on the back of strong operational performance by cable business.
 "Den Networks, Hathway Cable freeze at 10% upper circuit post Q1 results")
Former DIPP Secy Ramesh Abhishek has not applied for SEBI chief post: Govt
The development comes amid speculations that he is one of the top contenders for the post of Sebi chief.
 "Former DIPP Secy Ramesh Abhishek has not applied for SEBI chief post: Govt")
SBI Card Board approves raising Rs 1,500 cr via non-convertible debentures
These funds may be raised in one or more tranches, the company said
 "SBI Card Board approves raising Rs 1,500 cr via non-convertible debentures")
Majesco to sell US arm to PE firm Thoma Bravo for Rs 4,455 cr; stk soars 5%
Majesco US has decided to sell its company to a private equity, Thoma Bravo, LP at $13.1/share, valuing the company at $594 million. This offer price is at a 77% premium to Majesco US' last close
 "Majesco to sell US arm to PE firm Thoma Bravo for Rs 4,455 cr; stk soars 5%")
Manufacturing boom over next 5-10 yrs will surprise everyone: Vikas Khemani
The market recovery is surely sharp and gives the feeling of euphoria. but one should not forget that on the other side of the Covid crisis lies a great future, says Carnelian Asset Management founder
 "Manufacturing boom over next 5-10 yrs will surprise everyone: Vikas Khemani")
Bharti Airtel, Vodafone Idea: Here's how to trade telecom stocks
A bearish divergence on RSI indicates that price is holding the momentum upward.
 "Bharti Airtel, Vodafone Idea: Here's how to trade telecom stocks")
Cement shares rally as ACC logs strong operational performance in June qtr
Individually, ACC rallied 6%, Ambuja Cements & JK Cement surged 5% each, while Ramco Cements, Shree Cement, India Cements, Heidelberg Cement India & UltraTech Cement were up in the range of 2% to 4%
 "Cement shares rally as ACC logs strong operational performance in June qtr")
SBI Cards rallies 6% to hit record high on healthy June quarter results
The stock has rallied 6% to Rs 794.50 on the BSE, and is trading at the highest level since its listing on March 16, 2020.
 "SBI Cards rallies 6% to hit record high on healthy June quarter results")
Vodafone Idea tanks 9% as SC reserves order on AGR dues' payment timeline
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
 "Vodafone Idea tanks 9% as SC reserves order on AGR dues' payment timeline")
Stocks to watch: InterGlobe Aviation, Bajaj Finance, HUL, Axis Bank, ACC
Here's a list of stocks that may remain in focus today
 "Stocks to watch: InterGlobe Aviation, Bajaj Finance, HUL, Axis Bank, ACC")
Market Ahead, July 21: Top factors that could guide markets today
The Indian markets may open on a positive note today as indicated by the SGX Nifty which was trading around 11,118.50 levels, up 108 points at 7:45 AM
 "Market Ahead, July 21: Top factors that could guide markets today")
Bajaj Auto Q1 preview: Higher other income to cushion decline in net profit
For the period under review, the stock price of Bajaj Auto leaped 39.5 per cent, as against 18.4 per cent rise in the Sensex. In comparison, the S&P BSE Auto index surged 42 per cent.
 "Bajaj Auto Q1 preview: Higher other income to cushion decline in net profit")
Nifty view & stock calls by Anand Rathi: Buy Bharti Airtel, Manappuram Fin
The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further
 "Nifty view & stock calls by Anand Rathi: Buy Bharti Airtel, Manappuram Fin")
Investor groups for easier refund norms, demand participative procedure
They said the procedure should be amended to make it more participative for those affected, and rules for restitution should be made simpler
 "Investor groups for easier refund norms, demand participative procedure")
DMart faces JioMart challenge; analysts say impact may not be significant
Cost efficiency gives Avenue Supermarts an edge, but valuation is expensive
 "DMart faces JioMart challenge; analysts say impact may not be significant")
NSE-backed CAMS gets Sebi's go-ahead for Initial public offering
The IPO will see sale of 1.22 crore equity shares through offer-for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust
 "NSE-backed CAMS gets Sebi's go-ahead for Initial public offering")
Policybazaar targets $3.5-billion valuation in September 2021 IPO
The start-up plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering
 "Policybazaar targets $3.5-billion valuation in September 2021 IPO")
HDFC Bank's Q1 provides some relief to investors despite higher bad loans
Notably, 97-98 per cent of the customers under moratorium have no overdue and have received their salary, indicating no major concern
 "HDFC Bank's Q1 provides some relief to investors despite higher bad loans")