Page 2348 - Markets News

Goldman Sachs downgrades India from 'overweight' to 'marketweight'

The US-based investment firm has also lowered the Nifty target to 9,600 for June 2021, expecting substantial downward revisions to corporate earning

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

Covid-19 pandemic may eat into bonuses of domestic investment bankers

Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21

Covid-19 impact: Bond and currency markets to close at 2 pm till April 30

Such curtailed hours, in which bond and currency markets operated between 10 am and 2 pm, from 9 am to 5 pm in normal times, were in force till April 17

Market Wrap, April 16: Here's all that happened in the markets today

Sectorally, barring Nifty IT and Nifty FMCG, all the sectoral indices on the NSE ended in the green

MARKET WRAP: Sensex gains 223 pts as banks rally; Nifty settles at 8,993

All that happened in the markets today

Nestle India scales fresh record high; stock rallies 38% in 4 weeks

The fast moving consumer goods (FMCG) company surpassed its previous high of Rs 17,521 hit on April 8, 2020.

Nifty unlikely to go past 10,000 anytime soon, keep buying at low levels

For investment, buy in the range of 7,000-10,000 Nifty level - buy 5% at the 10,000 level; raise to 10% at 9,500; to 15% at 9,000; and then keep adding gradually at lower levels

Larsen & Toubro gains for seventh straight day; stock up 19% in 2 weeks

Thus far in April, the company has won three 'large' and one 'significant' and 'major' contracts in India and abroad

Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade

The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.

IndusInd Bank jumps 4% as Goldman Sachs buys stake; stock up 12% in 3 days

IndusInd Bank's stock price has rallied 87 per cent from its 52-week low level of Rs 235.55, touched on March 20, 2020

IT stocks slide after Wipro's weak Q4 show; TCS slips 2% ahead of results

Infosys was trading nearly 4 per cent lower at Rs 614.75 while Tech Mahindra was down over 3 per cent

Biocon gains 5% as two Bengaluru facilities receive EIR from USFDA

The stock was trading close to its all-time high level of Rs 359, touched in September 2018

What is the Death Cross pattern and how to make use of it while trading?

Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.

TCS Q4 preview: Covid-19 likely to hit most verticals; FY21 outlook key

Net sales (revenue), according to Centrum Broking, is expected to see 1.5 per cent sequential growth at Rs 40,436.9 crore.

Stocks to watch: Wipro, TCS, Bajaj Auto, India Cements, JSW Energy

Here's a list of the top stocks that may remain in focus today

Market Ahead, April 16: Top Factors That Could Guide Markets Today

Tech giant Tata Consultancy Services is scheduled to release its March quarter numbers and analysts see some erosion in the company's revenue due to the nationwide lockdown

Private Banks' Q4 nos may not reflect full extent of Covid-19 hit: Analysts

Among large banks, the brokerage sees ICICI Bank's PAT declining 49 per cent QoQ to Rs 2,100 crore in Q4FY20, followed by a 68 per cent sequential decline in Axis Bank's PAT at Rs 564.6 crore.

RBI, Sebi split over default recognition; MFs, rating agencies seek clarity

In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining

Strong outlook, attractive valuations driving Glenmark's bounce back

US growth remains crucial for earnings upgrades, while licensing deals can help reduce both, costs and debt