Page 2347 - Markets News

Morgan Stanley economists double down on V-shape global recovery

The economists said they expect global GDP growth will trough at -8.6 per cent year on year in the second quarter

91 of 133 PMS strategies beat benchmarks in one year, shows data

The study considers point-to-point returns for different periods and total return index for both categories

JM Financial raises Rs 770 crore through qualified institutional placement

Nearly 110 million shares of the company were issued at Rs 70 per share under the QIP programme

Low valuations, weak market appetite, liquidity woes hurt new InvITs

Rating agency ICRA had earlier in February estimated that Rs 2 trillion would likely be raised through the InvIT route over the next five years

SBI Life OFS' retail portion undersubscribed amid weakness in market

Shares of SBI Life on Monday ended at Rs 745.5, down 0.74 per cent

Hindalco: Tiding well over Covid-led disruption with tight cost control

Cost controls cushion domestic profitability in Q4, and US arm Novelis supports consolidated performance

New launches could spur growth at Abbott India, near-term headwinds weigh

Upsides are limited for the stock, which has gained over 90% in a year

Second wave of Covid-19 fears weigh on markets; Sensex falls 552 points

Poor factory output data from China also dampened investor sentiment

Sebi orders seizing of Rs 3.8 cr from Dynamatic CEO in insider trading case

The watchdog had conducted an investigation into possible insider trading in the shares of Dynamatic Technologies Ltd

JM Financial raises Rs 770 cr via QIP, issues 110 mn shares

The company said the issue was subscribed by both domestic as well as foreign investors

Market Wrap, June 15: Here's all that happened in the markets today

BSE Sensex shed 552 points or 1.63 per cent to end at 33,228.80. During the day, the index hit a low of 32,923.74 against Friday's close of 33,780.89

Five key factors that dragged the stock market lower on Monday

A sharp jump in coronavirus (Covid-19) cases in India weighed on investor sentiment.

MARKETS: Sensex slips 552 pts on weak global cues, rise in Covid-19 cases

All that happened in the markets today

Lakshmi Vilas Bank hits 5% upper circuit on receiving LoI from Clix Capital

The bank received preliminary, non-binding letter of intent (LoI) from Clix Capital Services Private Limited & Clix Finance India Private Limited dated June 12, 2020.

Tyre stks in focus; JK Tyre, TVS Srichakra gain up to 10% in a weak market

DGFT, vide its June 12 notification, has placed import of major tyre categories in the 'restricted' category from the 'free' category earlier.

Jubilant Life hits 52-week high on heavy volumes, soars 46% in 11 days

The stock hit a 52-week high of Rs 646, up 8% today, surpassing its previous high of Rs 639, touched on January 23, 2020, on the BSE.

Mastek freezes at 20% upper circuit post March quarter earnings

The company said it added 24 new clients during the quarter

Aarti Industries dips 7% on early termination of long-term contract

On June 15, 2017, the company had entered into a 10-year contract with a Global Agrochemical Major, to supply a high-value agrochemical intermediary with application into Herbicides

Eicher Motors rises 3% despite fall in Q4 profit; ICICI Sec downgrades stk

Eicher Motor also announced a stock split of 10 shares for every share held

Mahindra & Mahindra gains 9% in 2 days on strong Q4 operational performance

An improving core business and possible course correction on capital allocation would drive stock performance as valuations are still cheap, analysts say.