Page 2301 - Markets News
RIL, Infosys, HUL account for 51% recovery in Sensex from 52-week low
In all, these three entities have added Rs 5.8 trillion to their m-cap during the period, against a Rs 11.3-trillion rise in the incremental m-cap of all 30 Sensex companies
 "RIL, Infosys, HUL account for 51% recovery in Sensex from 52-week low")
Nomura predicts Indian GDP to contract by 5.2% in FY21, more rate cuts
Analysts at Goldman Sachs expect the Indian economy to contract 0.4 per cent in FY21 versus consensus median 2.7 per cent
 "Nomura predicts Indian GDP to contract by 5.2% in FY21, more rate cuts")
FY21 will test RBL Bank on many fronts, investors advised caution
While high NIMs put the bank's pricing power in good light, some reversal is expected in FY21 due to surplus liquidity, change in mix and a likely rise in bad loans
 "FY21 will test RBL Bank on many fronts, investors advised caution")
Equity flows dip 47% in Apr despite mkts seeing sharpest run-up since 2009
Debt categories continued to see redemptions. Credit risk funds saw a bulk of the outflows at Rs 19,238 crore, registering the worst month for the category in 13 months
 "Equity flows dip 47% in Apr despite mkts seeing sharpest run-up since 2009")
Sitharaman launches two exchanges to take on offshore currency market
The launch comes amid the world's most expansive coronavirus lockdown, which has crippled businesses and hurt trading volumes in the country's financial markets.
 "Sitharaman launches two exchanges to take on offshore currency market")
Adani Gas Q4 PBT up 30% at Rs 156 cr, CNG volumes dip due to Covid-19
With demand from industrial, commercial and transportation down, the hit on volumes is expected to be higher for the June quarter
 "Adani Gas Q4 PBT up 30% at Rs 156 cr, CNG volumes dip due to Covid-19")
MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251
All that happened in the markets today
 "MARKET WRAP: RIL, HUL help Sensex end 199 pts up; Nifty settles at 9,251")
Market Wrap, May 8: Here's all that happened in the markets today
BSE Sensex ended at 31,642.70, up 199 points or 0.63 per cent, with HUL (up nearly 5 per cent) being the top gainer and NTPC (down nearly 4 per cent) the biggest loser
 "Market Wrap, May 8: Here's all that happened in the markets today")
RBL Bank declines 12% from day's high in a firm market post Q4 results
The bank's total revenue jumped 33 per cent YoY to Rs 1,522 crore from Rs 1,148 crore reported in Q4FY19, while its net interest income came in at Rs 1,021 crore, up 38 per cent YoY from Rs 739 crore
 "RBL Bank declines 12% from day's high in a firm market post Q4 results")
RIL repositioning as consumer, tech co may push up stock price: J P Morgan
J P Morgan said that the core energy business could be staring at multi-year slump
 "RIL repositioning as consumer, tech co may push up stock price: J P Morgan")
Cyient locked in 10% lower circuit on lower-than-expected Q4 results
The company's March quarter (Q4F20) performance came below expectations on, both, revenue and margin terms largely due to the impact of Covid-19.
 "Cyient locked in 10% lower circuit on lower-than-expected Q4 results")
Laurus Labs under pressure, plunges 10% after multiple block deals
Till 12:44 pm, a combined 34.4 million equity shares, representing 32.2 per cent of total equity of Laurus Labs, changed hands on the BSE and NSE.
 "Laurus Labs under pressure, plunges 10% after multiple block deals")
Tech-related firms in focus; PPFAS adds Microsoft to portfolio in April
Microsoft is one of the leaders in the cloud computing segment segment, besides Alphabet (Google) and Amazon, making the stock attractive
 "Tech-related firms in focus; PPFAS adds Microsoft to portfolio in April")
Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'
Novelis informed that its net income attributable to its common shareholder came in at $63 million for the quarter under review, down 39 per cent year-on-year (YoY
 "Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'")
Asian Paints extends loss into 8th day on report RIL mulls stake sale
The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades, reports suggest.
 "Asian Paints extends loss into 8th day on report RIL mulls stake sale")
Dr Reddy's hits 52-week high after USFDA issues EIR for Srikakulam facility
The company said, with this, all facilities under warning letter are now determined as Voluntary Action Indicated (VAI)
 "Dr Reddy's hits 52-week high after USFDA issues EIR for Srikakulam facility")
RIL trades 3% higher on Vista Equity deal; rallies 30% in one month
Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.
 "RIL trades 3% higher on Vista Equity deal; rallies 30% in one month")
Stocks to watch: RIL, Tata Motors, RBL Bk, Adani Gas, SBI Cards, SKF India
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: RIL, Tata Motors, RBL Bk, Adani Gas, SBI Cards, SKF India")
Market Ahead, May 8: All You Need To Know Before The Opening Bell
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
 "Market Ahead, May 8: All You Need To Know Before The Opening Bell")
ICICI Bank Q4 preview: Profit may jump 3x YoY, loans under moratorium eyed
Analysts would track the management's commentary on Covid-19 related impact, traction in deposits post investment in YES Bank, movement of reported GNPAs, and moratorium utilised by customers
 "ICICI Bank Q4 preview: Profit may jump 3x YoY, loans under moratorium eyed")