Page 2356 - Markets News

Sensex gains 307 pts as financials, metals rally; Nifty PSU Bank jumps 7%

All that happened in the markets today

SBI posts Q4 net profit of Rs 3,581 crore on one-time gain from SBI Cards

The profit was supported by one-time gain of Rs 2,731.34 crore from the stake sale in SBI Cards done during the quarter.

Voda Idea, IDBI Bank, Saregama and 7 other stocks rally over 50% in 1 week

IDBI Bank has rallied 89% during the week. It has become the sixth most valued listed lender, surpassing Bandhan Bank, YES Bank and IndusInd Bank in market capitalisation ranking.

UltraTech, ACC: More steam left in cement stks as follow-up buying resumes

A follow-up buying may induce stronger momentum trapping short-sellers

Expecting a spike in bitcoin price? Investors say it may take time

There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the "halving" effectively decreased its supply

Sugar stocks rally; Balarmpur Chini Mills, Dhampur Sugar soar over 15%

With malls and restaurants being allowed to re-open from June 8, sugar demand is expected to rise

Hexaware Technologies hits 20% upper circuit on voluntary delisting plan

The company said that its board is scheduled to meet on June 12, 2020 to consider the proposal for voluntary delisting of equity shares of the company.

Bharti Airtel up 3% on Amazon interest buzz, pares gain post clarification

Bharti Airtel issued a clarification to the exchanges saying that "no such proposal is currently under consideration"

Vodafone Idea re-enters top-100 most-valued firms list, zooms 129% in 1 mth

With market capitalisation of Rs 26,522 crore, Vodafone Idea stood at number 96th position in the overall m-cap ranking at 09:27 am, the BSE data shows.

RIL up 2%, hits new high as Abu Dhabi's Mubadala to buy 1.85% stake in Jio

Abu Dhabi state fund Mubadala Investment Co will buy a 1.85 per cent stake in its digital unit, Jio Platforms, for Rs 9,093.6 crore.

RIL reclaims Rs 10 trillion m-cap; stock gains for the fourth straight day

The company's rights issue was subscribed 1.59 times

Stocks to watch: RIL, SBI, L&T, DLF, Bharti Airtel, RITES, HCL Tech, SRF

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

Strong Q4 performance, debt reduction show Aurobindo Pharma in good health

Despite an over 150 per cent rise since March lows, the stock can see more gains

UTI AMC initial public offering faces a delay over compliance issues

People in the know said Sebi has reservations over certain compliance issues

Despite weak outlook, open offer to support Wabco India's stock price

Post the global acquisition of Wabco by ZF Friedrichshafen AG of Germany (ZF), the acquirer is buying out minority shareholders at a revised open offer price of Rs 7,067.51 a share

Premium liquor segment may prove to be a hangover for United Spirits

Lower volumes in this segment and changing consumption pattern may pull down sales and offset gains from benign input prices and cost drive

Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years

Profits at NSE Nifty 50 Index members fell about 15% last quarter from the same period last year, the worst drop since at least 2014, according to Bloomberg-compiled data.

Erroneous price feeds for F&O contracts disrupt trading on Bank Nifty

Several brokers cautioned investors and some halted trading in Bank Nifty contracts - the second-most traded index derivatives - citing irrational gap between 'buy' and 'sell' quotations.

Bank of Mauritius approaches RBI to clear the air on NBFC impasse

Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub

Credit funds could see unlisted exposure rise over high redemptions

Shrinking asset size has added to challenges in bringing down levels of such investments