Page 2416 - Markets News

FPIs pull out Rs 2415 crore from domestic capital markets in January so far

Additionally, FPIs have the Budget announcements in their sights

DMart beats Street estimates: Profit grows 53% in Dec quarter to Rs 394 cr

Top line grows nearly 24 per cent despite weak consumer sentiment; EBITDA margins in Q3 for DMart came in at 8.8 per cent

Strong order inflow, improved guidance: Infosys investors have lot to cheer

At 17 times its FY21 earnings, firm is trading at 26% discount to rival TCS

Ruling the decade: 66 entities deliver 10x returns from 2010-2019

Bajaj Finance and Bajaj Finserv led the financial services pack, with gains of 132x and 27x, respectively

Nifty crosses 12,300-mark on easing tensions, Sensex up 147 points

Friday's rise helped the indices mark their first weekly gain in three weeks

Sebi sends supplementary notice to NSE over appointment irregularities

This supplementary notice was sent on December 16, and follows a show-cause notice sent on October 9, 2019

India's forex reserves surge $3.68 bn to touch record high of $461.16 bn

In the previous week, the reserves had risen by $2.52 billion to $454.948 billion

Cement demand starts picking up in January, prices set to rise further

The hike is substantial compared to the previous hike (which is marginal) that the cement companies registered during November last year

Infosys Q3 profit up 23% YoY; Co raises FY20 revenue guidance to 10-10.5%

Earnings per share (EPS) of the company came in at Rs 10.51, an increase of 26.6% YoY and 11.2% QoQ.

Market Wrap, Jan 10: Sensex gains 147 pts, Nifty hits record high of 12,311

IT bellwether Infosys, today, reported 11% qoq jump in net profit at Rs 4,457 crore for the December quarter of FY20. It revised its revenue guidance upwards to 10 to 10.5%

Infosys whistleblower complaint: Audit panel finds no financial impropriety

The Audit Committee concluded that no restatement of previously announced financial statements or other published financial information is warranted, it said.

MARKET WRAP: Sensex up 147 pts, Nifty holds 12,250; Infy gains nearly 1.5%

All that happened in the markets today

Tata Motors hits 8-month high post JLR December retail sales numbers

Meanwhile, analysts expect Tata Motors to report first quarter of growth in October-December quarter (Q3FY20) after six consecutive quarters of a decline in profit.

Tata Steel gains 2% as domestic sales volume grows 17% QoQ in December qtr

The company said that steel prices are expected to improve further with strong retail demand and ongoing restocking demand at the dealers' ends.

Chart Check: Can QIP help Bharti Airtel stock to close above Rs 480?

In the last several years, the stock has crossed Rs 480 for about five times during intra-day but could never close above the level

GTPL Hathway surges 11% post December quarter results

GTPL's total income in Q3 increased 115 per cent YoY to Rs 687.5 crore, with CATV subscription revenue at Rs 258.1 crore (up 44% YoY)

Pharma shares in focus; Dr Reddy's, Divi's, Granules hit 52-week highs

Lupin, Sun Pharmaceutical, Cadila Healthcare, Aarti Drugs and Aurobindo Pharma were up in the range of 2 per cent to 3 per cent.

Sterlite Technologies up 4% as arm acquires 13% stake in Israel-based ASOCS

In the past month, Sterlite Technologies has outperformed the benchmark Sensex by gaining 4.6 per cent. In comparison, the index added 2.3 per cent till Thursday.

KNR Constructions up 11% as it sells entire stake in KNR Walayar Tollways

KNR Constructions announced to sell its entire equity stake in a toll road BOT asset of special purpose vehicle (SPV) viz KNR Walayar Tollways Private Limited (KWTPL) to Singapore-based Cube Highways.

Infosys climbs around 2%; all eyes on December quarter results

Any audit committee update on investigation into whistleblower complaints against the company will be keenly watched