Page 2406 - Markets News
Market Ahead, January 15: Top factors that could guide markets today
Today, a total of seven companies including Sterlite Technologies and L&T Infotech are scheduled to announce their December quarter earnings
 "Market Ahead, January 15: Top factors that could guide markets today")
Share buybacks losing lustre as 20% tax bites; firms await relief in Budget
Experts blame the change in tax dynamics for the sharp drop in buybacks
 "Share buybacks losing lustre as 20% tax bites; firms await relief in Budget")
Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on
The RSI in Exide's chart is on the rise and looks strong with good volume pick up
 "Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on")
Will mkt open for a Saturday Budget? Stock exchanges are awaiting Sebi nod
In the last such instance in 2015, the stock markets were kept open for regular trading hours - which is from 9:00 am to 3:30 pm
 "Will mkt open for a Saturday Budget? Stock exchanges are awaiting Sebi nod")
Inflation may haunt long duration funds; experts warn of impact on MFs
Such schemes are more sensitive to interest-rate scenario that can change due to high inflation
 "Inflation may haunt long duration funds; experts warn of impact on MFs")
FMCG stocks lose sheen, valuation premium declines to 11-year low
In the last 12 months, there has been derating of FMCG stocks on the bourses, against a P/E expansion in the broader market
 "FMCG stocks lose sheen, valuation premium declines to 11-year low")
New project sales boost growth prospects of Godrej Properties stock
Most of the firm's projects, to be launched in H2FY20 and FY21 in Mumbai, are in the luxury and premium segment
 "New project sales boost growth prospects of Godrej Properties stock")
BSE to introduce liquidity enhancement scheme in brent crude oil from Feb
A commodity derivative product is considered to be 'liquid' on the basis of average daily turnover.
 "BSE to introduce liquidity enhancement scheme in brent crude oil from Feb")
Mindtree Q3 profit rises 3% YoY to Rs 197 crore; revenue grows 10%
Diluted earnings per share (EPS) came in at Rs 11.96, up 3 per cent YoY and 45.9 per cent QoQ.
 "Mindtree Q3 profit rises 3% YoY to Rs 197 crore; revenue grows 10%")
Sebi cancels Click2Trade Capital's stock broking registration over 'lapses'
Accordingly, the regulator said, "the certificates of registration of the noticee i.e. Click2Trade Capital Ltd, as a stock broker, shall be cancelled with immediate effect".
 "Sebi cancels Click2Trade Capital's stock broking registration over 'lapses'")
Market Wrap, Jan 14: Sensex ends near 42,000, Nifty tops 12,350; banks slip
Among the key companies that were scheduled to report their Q3 earnings today, IT firm Wipro reported a 2.17% year-on-year decline in the consolidated net profit at Rs 2,456 crore
 "Market Wrap, Jan 14: Sensex ends near 42,000, Nifty tops 12,350; banks slip")
IndusInd Bank reports 32% YoY rise in Q3 net profit; asset quality stable
The bank made provisions for Rs 1,043.45 crore, as against Rs 737.71 crore provided for in Q2FY20, and Rs 606.68 crore in Q3FY19.
 "IndusInd Bank reports 32% YoY rise in Q3 net profit; asset quality stable")
MARKET WRAP: Indices hit new highs, Nifty tops 12,350; IndusInd Bk slips 4%
All that happened in the markets today
 "MARKET WRAP: Indices hit new highs, Nifty tops 12,350; IndusInd Bk slips 4%")
Bandhan Bank dips 3% as Q3 NNPA rises 46% QoQ, profit stands at Rs 731 cr
The bank's performance, however, improved on a year-on-year basis due to low base effect. The net profit jumped 121 per cent YoY from Rs 331.26 crore logged in the same quarter last year (Q3FY19).
 "Bandhan Bank dips 3% as Q3 NNPA rises 46% QoQ, profit stands at Rs 731 cr")
CSB Bank hits new lifetime low of Rs 194.65, falls below issue price
Foreign portfolio investors (FPIs), alternative investment funds, financial institutions/banks and insurance companies have reduced their stake in the bank post its listing
 "CSB Bank hits new lifetime low of Rs 194.65, falls below issue price")
Coffee Day, CG Power hit 5% lower circuit as BSE, NSE to suspend trading
The exchanges said these firms have not submitted the financial results for June 2019 and September 2019 quarter and/or not paid the fine amount levied for the non-compliance.
 "Coffee Day, CG Power hit 5% lower circuit as BSE, NSE to suspend trading")
Hindustan Aeronautics surges 17% in two days, hits fresh 52-week high
ICRA has assigned a long term rating of double A and a short-term rating of A one plus for the company's bank facilities with stable outlook.
 "Hindustan Aeronautics surges 17% in two days, hits fresh 52-week high")
Tata Group shares gain; Tata Global, Tata Chem, Tata Coffee hit 52-wk highs
Tata Consultancy Services (TCS), Tata Steel, Tata Investment Corporation, Tata Metaliks, Tata Elxsi, Tinplate Company, Tata Steel Long Products and Tata Comm were up in the range of 1 per cent
 "Tata Group shares gain; Tata Global, Tata Chem, Tata Coffee hit 52-wk highs")
India's 10-year bond yield spikes to 6.68% as retail inflation rises
The yield opened at 6.15 per cent mark and moved up further to hover around 6.68 per cent level, according to Clearing Corporation of India Ltd ( CCIL) data
 "India's 10-year bond yield spikes to 6.68% as retail inflation rises")
Wipro, Mindtree trade higher ahead of December quarter results
Shares of Mindtree have surged 13 per cent in December quarter against 6 per cent rise in Nifty50
 "Wipro, Mindtree trade higher ahead of December quarter results")