Page 2346 - Markets News

Investor wealth falls Rs 3.30 trn as markets tank on negative oil sentiment

Led by the sharp fall in the index, the market capitalisation of the BSE-listed companies dropped Rs 3,30,408.87 crore to Rs 1,20,42,172.38 crore

Market Wrap, April 21: Here's all that happened in the markets today

The benchmark indices ended over 3 per cent lower on Tuesday amid collapse in crude oil prices and weak global markets

Weak oil, global cues trigger 1,011-pt Sensex slide; financials worst hit

All that happened in the markets today

Dr Reddy's Labs hits over 4-year high, surges 62% from March low

Analysts believe Dr Reddy's US business, which has been facing revenue pressure, is likely to rebound with new product launches and the gradual normalization of price erosion in its key products.

ICICI Bank skids 9% on $100 mn exposure to troubled Singaporean oil trader

According to news agency Reuters, the founder and director of Hin Leong Trading Pte (HLT), Asia's largest oil trader, directed the firm not to disclose these losses

OMCs on stronger wicket, oil producers stare at losses as crude plunges

Refiners like Reliance Industries may also see inventory losses adding pressure on already weak refining margins

Multiplex operators trade weak; PVR tanks 10%, Inox Leisure hits 52-wk low

Foreign portfolio investors reduced their stake in multiplex operators by up to 5 percentage points in Q4FY20

Bajaj Finance dips 8% after UBS downgrades it to 'Sell', cuts target price

The Covid-19 induced slowdown, UBS believes, could have worse impact on the auto finance segment than demonetissation or global financial crisis, casting shadow on the NBFC's loan segment

Nifty Metal index tanks 6%; Jindal Steel, Tata Steel, Hindalco down over 7%

A prolonged Covid-19 outbreak would reduce demand for the metals while disruptions in the supply chains would impact the availability of the metals in the physical markets," ICRA said.

Infosys, TCS, Wipro: Here is how to trade IT stocks post Q4 results

The Nifty IT index may witness a major upward trigger after a strong close above 13,000-mark

Policy measures may not offset Covid-19 economic damage in APAC: Moody's

Though Asia's external & fiscal buffers are generally more robust than those in other regions, equipping governments with more policy space, their policy responses will only cushion some of the impact

Aurobindo Pharma gains 15% as USFDA grants VAI to Unit IV facility

The facility remains important as it contributes more than 10 per cent to Aurobindo's overall sales and about 20 per cent of the US sales

Oil & gas stocks tumble as US oil price collapses; ONGC declines over 6%

Among oil marketing companies, Indian Oil Corporation (IOC) was down over 3 per cent at Rs 84.85

Infosys, TCS, Wipro: IT stocks tumble as Trump plans immigration suspension

Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Wipro, HCL Technologies, Hexaware Technologies, NIIT Technologies and Mindtree were down 1 per cent to 5 per cent on the NSE in intra-day trade

Stocks to watch: Oil-linked stks, Infosys, ICICI Prudential Life, ACC, TCS

Here's a look at the stocks that may remain in focus today

Market Ahead, April 21: All You Need To Know Before The Opening Bell

Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings

Nifty outlook and stock calls by Anand Rathi: Buy HPCL, Sell Coal India

The stock of Coal India, after completing its up move, has provided breakdown from a rising wedge pattern on the daily chart

Covid-19: Oil crashes into negative territory for the first time in history

The May US WTI contract fell $55.9, or 306 per cent, to settle at a discount of $37.63 a barrel after touching an all-time low of -$40.32 a barrel

Covid-19 clouds Infosys' prospects as Q4 results indicate quantum of pain

Firm suspends guidance because of pressure in key geographies

Chinese investors likely to face Sebi heat after change in FDI rules

Cap on purchase limit being discussed