Page 2389 - Markets News
Mutual funds' asset base hits all-time high of Rs 27.85 trillion in Jan-end
The 44-player industry logged an assets under management (AUM) of Rs 26.54 trillion at the end of December, compared with Rs 27.85 trillion by January-end, representing a growth of 5%
 "Mutual funds' asset base hits all-time high of Rs 27.85 trillion in Jan-end")
Market Wrap, Feb 10: Sensex slips 162 pts amid coronavirus scare
Avenue Supermarts pipped Bajaj Finserv in terms of market capitalisation (m-cap). The stock zoomed 11 per cent during the session to hit a fresh 52-week high of Rs 2,537 on the BSE
 "Market Wrap, Feb 10: Sensex slips 162 pts amid coronavirus scare")
MARKET WRAP: Sensex slips 162 pts amid coronavirus scare; metals plunge
All that happened in markets today.
 "MARKET WRAP: Sensex slips 162 pts amid coronavirus scare; metals plunge")
SAIL slumps 6% amid report Govt could sell 5% stake by March 2020
The move is being seen as the government's last attempt at achieving its revised divestment target of Rs 65,000 crore for the current financial year (FY2019-20).
 "SAIL slumps 6% amid report Govt could sell 5% stake by March 2020")
Trent up for third straight day, surges 18% post December quarter results
Trent reported 38 per cent year on year (YoY) growth in its standalone net profit at Rs 56 crore in December quarter (Q3FY20)
 "Trent up for third straight day, surges 18% post December quarter results")
Avenue Supermarts' m-cap crosses Rs 1.5 trillion-mark, zooms 34% in 5 weeks
The operations committee of the Board of Avenue Supermarts is scheduled to meet today to consider and approve the issue price, including a discount, if any, for the QIP issue.
 "Avenue Supermarts' m-cap crosses Rs 1.5 trillion-mark, zooms 34% in 5 weeks")
INOX Leisure soars 9% in two days in weak market on healthy Q3 results
In the past five months, the stock has outperformed the market by surging 60 per cent as compared to a 10 per cent rise in the benchmark index
 "INOX Leisure soars 9% in two days in weak market on healthy Q3 results")
Mahindra & Mahindra slips 5% on muted December quarter results
The company's reported net profit during the quarter was impacted by Rs 600 crore due to the provisions made towards impairment of certain investments
 "Mahindra & Mahindra slips 5% on muted December quarter results")
YES Bank rises 5% on shareholders' approval for fundraising plan
Investors also approved a resolution to increase authorised share capital from Rs 800 crore to Rs 1,100 crore
 "YES Bank rises 5% on shareholders' approval for fundraising plan")
ACC, Tata Steel, Britannia: Trading strategies for stocks post Q3 results
Except Voltas and Britannia, others may see selling pressure on every upside.
 "ACC, Tata Steel, Britannia: Trading strategies for stocks post Q3 results")
Alkem Labs hits record high, soars 8% on strong Q3 results, dividend bounty
The board of directors of the company has declared an interim dividend of Rs 22 per equity share for the financial year 2019-20.
 "Alkem Labs hits record high, soars 8% on strong Q3 results, dividend bounty")
Tata Steel slips 4% as it posts net loss of Rs 1,229 crore for Dec quarter
The Indian economy remained weak during the quarter and domestic steel prices reached a nadir in October 2019, the company said.
 "Tata Steel slips 4% as it posts net loss of Rs 1,229 crore for Dec quarter")
Stock recommendations from Prabhudas Lilladher: Buy SBI Life, Welspun Ent
The weekly trend in Nifty and BankNifty continues to be down. The support for the week is seen at 40,300/11,820, while resistance is seen at 41,980/12,380
 "Stock recommendations from Prabhudas Lilladher: Buy SBI Life, Welspun Ent")
Market Ahead, February 10: Top factors that could guide markets this week
Asian stocks fell on Monday as the death toll from a coronavirus outbreak surpassed the SARS epidemic
 "Market Ahead, February 10: Top factors that could guide markets this week")
Growth triggers should augur well for Tata Global stock: Analysts
Improvement in international business, merger of Tata Chemicals' consumer business are positive
 "Growth triggers should augur well for Tata Global stock: Analysts")
Sibling rivalry: BPCL, IOC neck and neck in terms of market value
The privatisation buzz and tailwind provided by subdued oil prices have triggered a massive rally in BPCL
 "Sibling rivalry: BPCL, IOC neck and neck in terms of market value")
Global investors will continue to invest in India, says Julius Baer CEO
The Budget lacked any major announcements pertaining to the financial sector, infrastructure, real estate, and exports, which are all critical for reviving growth, says CEO Ashish Gumashta
 "Global investors will continue to invest in India, says Julius Baer CEO")
Street signs: Aavas Financiers on investors' radar, rail PSUs, and more
Experts say Avenue Supermarts is a classic example of how well-managed companies with growth potential can reap benefits of low cost of capital.
 "Street signs: Aavas Financiers on investors' radar, rail PSUs, and more")
Too early to turn positive on M&M Finance, Chola, Shriram Transport stocks
Uptick in used CV sales helped in Q3, but new vehicle sales remain weak and operational challenges haven't eased
 "Too early to turn positive on M&M Finance, Chola, Shriram Transport stocks")
Macro data, coronavirus impact key drivers for markets this week: Analysts
Industrial production and retail inflation data is due on Wednesday, while WPI inflation numbers will be released on Friday.
 "Macro data, coronavirus impact key drivers for markets this week: Analysts")