Page 2353 - Markets News
Titan's Q4 margin surprise fails to impress over pressure in jewellery biz
Expectations of margin pressure, mainly in jewellery business, which contributes over 80% of Titan's overall operating profit, is a key reason why the Street is worried.
 "Titan's Q4 margin surprise fails to impress over pressure in jewellery biz")
How 1996 World Cup is back to haunt foreign portfolio investors
The Budget earlier this year announced a 20% withholding tax on dividends paid to FPIs
 "How 1996 World Cup is back to haunt foreign portfolio investors")
Nifty50 finds it tough to breach 10,300 after hitting intra-day high
Market players said the Nifty has run into technical resistance of 10,300, which happens to be its 100-day moving average
 "Nifty50 finds it tough to breach 10,300 after hitting intra-day high")
Speculative bets rise on Voda Idea as investors, traders eye quick gains
Analysts say retail investors need to be wary as given the large quantum of debt on the company's books, such bets could backfire unless investors are able to efficiently time their entry and exits
 "Speculative bets rise on Voda Idea as investors, traders eye quick gains")
Telecom sector may remain three-player market, Vodafone Idea seen surviving
ARPU gains, hopes of government intervention and upgrades for Vodafone Idea strengthen Street's view
 "Telecom sector may remain three-player market, Vodafone Idea seen surviving")
Covid-19: Securitisation volumes to shrink 30-40% this fiscal, says Icra
According to ICRA, the total volumes are expected to be Rs 1.2-1.4 trillion in FY21, as against Rs 2 trillion in the last fiscal year
 "Covid-19: Securitisation volumes to shrink 30-40% this fiscal, says Icra")
Bond and currency dealers baulk at the thought of joining back office
While an official rule allows only 10% staff in office on any working day, trading typically requires dealer presence on the floor. And banking is an essential service
 "Bond and currency dealers baulk at the thought of joining back office")
FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20
India had received FDI worth $1 billion in 2018-19 and $1.23 billion in 2017-18 from the Cayman Islands, which is UK Overseas Territory
 "FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20")
MARKET WRAP: Sensex drops 855 pts from day's high on broad-based sell-off
All that happened in the markets today
 "MARKET WRAP: Sensex drops 855 pts from day's high on broad-based sell-off")
E-vote on winding up Franklin Templeton MF's debt schemes suspended
The unitholders' meet that was to be held on June 12 has also been deferred
 "E-vote on winding up Franklin Templeton MF's debt schemes suspended")
ITC advances 4%, hits over 3-month high; stock surges 30% in one month
The stock was up 4% at Rs 206 on the BSE, and was trading at its highest level since February 25, 2020
 "ITC advances 4%, hits over 3-month high; stock surges 30% in one month")
Affle India to acquire Singapore-based Appnext; stock jumps 5%
Affle will initially acquire 66.67 per cent equity ownership in Appnext Singapore, with a clear path to acquire 100 per cent equity ownership upon attainment of mutually agreed growth target
 "Affle India to acquire Singapore-based Appnext; stock jumps 5%")
Adani Green hits new high on winning world's largest solar bid worth $6 bn
The company has won the single largest solar development bid ever awarded, totaling 8 GW to be delivered over a period of 60 months.
 "Adani Green hits new high on winning world's largest solar bid worth $6 bn")
Titan rises over 2% as March quarter results meet Street estimates
Titan's net profit declined 1.5 per cent on a year-on-year (YoY) basis to Rs 343 crore as the Covid-19 pandemic adversely impacted operations during March
 "Titan rises over 2% as March quarter results meet Street estimates")
PVR, Inox Leisure decline up to 8% on posting losses for March quarter
Inox Leisure posted a consolidated net loss of Rs 82 crore, while PVR reported a loss of Rs 75 crore in Q4, due to lower revenues owing to the outbreak of Covid-19 in the last month of the quarter.
 "PVR, Inox Leisure decline up to 8% on posting losses for March quarter")
Stocks to watch: Titan, SBI, L&T, PVR, Hero MotoCorp, RITES, Inox Leisure
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: Titan, SBI, L&T, PVR, Hero MotoCorp, RITES, Inox Leisure")
Market Ahead, June 9: All you need to know before the opening bell
World Bank yesterday forecast a 3.2 per cent contraction in India's economy in FY21 because of the Covid-induced lockdown. It had earlier predicted 1.5-2.8 per cent growth
 "Market Ahead, June 9: All you need to know before the opening bell")
Nifty view & stock calls by Anand Rathi: Buy Infosys, ICICI Prudential Life
The stock of Infosys is making a higher top and higher bottom pattern on the daily chart and reclaimed its long term moving average of 200-DMA which is placed at 708 levels
 "Nifty view & stock calls by Anand Rathi: Buy Infosys, ICICI Prudential Life")
Beware the 'bull trap' in a bear market: Experts caution investors
Given the economic shock caused by the Covid-19 pandemic, it is stunning how markets have managed to hit a trough in just 69 days
 "Beware the 'bull trap' in a bear market: Experts caution investors")
Cloud over Franklin Templeton's wind-up move amid legal challenges
Delhi HC issues notice to fund house, Sebi following writ petition by investor
 "Cloud over Franklin Templeton's wind-up move amid legal challenges")