Page 2388 - Markets News
MARKET WRAP: Sensex zooms 237 pts, Nifty holds 12,100; metals gain
All that happened in the markets today
 "MARKET WRAP: Sensex zooms 237 pts, Nifty holds 12,100; metals gain")
Ruchi Soya locked in 10% upper circuit; stock zooms over 105% in 12 days
In July 2019, the National Company Law Tribunal (NCLT) had cleared the Rs 4,350-crore bid by yoga- exponent Ram Dev-run Patanjali Ayurved to take over edible oil player Ruchi Soya
 "Ruchi Soya locked in 10% upper circuit; stock zooms over 105% in 12 days")
GAIL (India) up 7% post December quarter results; analysts maintain 'buy'
The company said rise in profit is mainly due to better physical performance, better margins in gas marketing and liquid hydrocarbons.
 "GAIL (India) up 7% post December quarter results; analysts maintain 'buy'")
GMM Pfaudler hits record high, rallies 52% in 14 days post Q3 results
In Q3FY20, the company's Ebitda improved significantly by 46 per cent YoY at Rs 30.4 crore, while margins expanded 400 basis points to 20 per cent versus 16 per cent in Q3 of last year.
 "GMM Pfaudler hits record high, rallies 52% in 14 days post Q3 results")
Wockhardt hits over 7-month high; stock zooms 63% in one month
The stock was trading higher for the third straight day, surging 10 per cent, on the BSE on Tuesday. It was its highest level since June 27, 2019.
 "Wockhardt hits over 7-month high; stock zooms 63% in one month")
Bajaj Consumer slides 9% on disappointing December quarter results
The company's earnings before interest, tax, depreciation, and ammortisation (Ebitda) fell 23.7 per cent to Rs 55.7 crore in Q3FY20, while margin declined to 27.1 per cent from 32.61 per cent YoY.
 "Bajaj Consumer slides 9% on disappointing December quarter results")
Sheela Foam hits 52-week high, up 12% as Q3 profit before tax jumps 52% YoY
Besides, it is 4.5 per cent away from its all-time high of Rs 1,850 touched on November 29, 2017
 "Sheela Foam hits 52-week high, up 12% as Q3 profit before tax jumps 52% YoY")
Market Ahead, February 11: All you need to know before the Opening Bell
A total of 295 companies, including BHEL, IDBI, Arvind Fashions, and Greenply, are scheduled to announce their December quarter numbers today
 "Market Ahead, February 11: All you need to know before the Opening Bell")
Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi
The dip in Nifty should be utilized as a buying opportunity for the target of 12,150
 "Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi")
Gold steady after one-week peak as virus fears offset uptick in equities
Spot gold was little changed at $1,570.98 per ounce by 0041 GMT. The metal touched its highest since Feb. 4 at $1,576.76 on Monday
 "Gold steady after one-week peak as virus fears offset uptick in equities")
Oil drops to 13-month low on weak Chinese demand amid coronavirus outbreak
Oil has dropped more than 25% from a peak in January with US crude back below $50 a barrel after the spreading virus hit demand in China
 "Oil drops to 13-month low on weak Chinese demand amid coronavirus outbreak")
Coronavirus scare: India orders checking of Chinese agri, livestock imports
Plant quarantine officials want to ensure the virus doesn't affect crops
 "Coronavirus scare: India orders checking of Chinese agri, livestock imports")
Equity flows jump 75% in January; MF industry's asset-base at a new high
Investor flows to small- and mid-cap funds improved 154 per cent and 126 per cent, respectively, over the previous month
 "Equity flows jump 75% in January; MF industry's asset-base at a new high")
Coronavirus impact: Experts see weakest quarter for global growth since GFC
The main channel of economic disruption at this stage, according to UBS, is largely via reduced tourism flows (in/out of China), and reduced import demand from China.
 "Coronavirus impact: Experts see weakest quarter for global growth since GFC")
Muted outlook, weak Dec quarter results to weigh on Bharat Forge stock
Falling crude oil prices and lower CV demand have dented company financials
 "Muted outlook, weak Dec quarter results to weigh on Bharat Forge stock")
Non-resident investors are staring at higher tax rates on dividends
Those not availing treaty benefits may have to shell out as much as 40% tax
 "Non-resident investors are staring at higher tax rates on dividends")
Govt receives two dozen applications for Sebi chairperson's post
Observers said an extension to Tyagi could be a possibility as the advertisement, which was floated, gave just two weeks to those interested to apply for the post
 "Govt receives two dozen applications for Sebi chairperson's post")
Britannia's Q3 far from crunchy, low consumer sentiment pull numbers down
While strategic initiatives helped improve profit margins, the 2-4 per cent volume and revenue growth was below expectations
 "Britannia's Q3 far from crunchy, low consumer sentiment pull numbers down")
Sebi considers penalty hike on rating agencies for lapses in IL&FS case
The crisis at diversified IL&FS, whose board was superseded by the government, came to light September 2018 and since then, the company as well as related entities have come under the regulatory lens
Sebi bars 15 entities for unauthorised investment advisory activities
Passing an interim order against the firms and their proprietors, Sebi, among other directions, asked the entities to withdraw all advertisements in relation to their investment advisory services