Page 2449 - Markets News

Banks likely to take more loan write-offs due to weak recovery prospects

Resolution delays coupled with rising provision cover on large legacy bad loans (nearing 90 per cent) could mean that loan write-offs will continue to be high, particularly for state-run banks

With 'restrictive' norms, not many takers for small finance bank licences

Word is out that there will be relatively few takers for SFB licences compared to the 72 applicants who lined up in February 2015

Benchmark indices touch all-time highs on easing US-China trade tensions

Foreign institutional investors seem to be booking profit though, having shed shares worth Rs 435 crore in Dec

Gold finance stocks doing well, but await correction before investing

A healthy loan growth and asset quality should help protect return on assets, but these may be priced in

Deal pipeline, recovery in momentum of telecom triggers for Tech Mahindra

In the near term, profitability is expected to be under pressure before recovering in FY21

Sebi seeks show-cause from PC Jewellers 'insiders', asks for list of assets

The regulator said that the order itself should be considered as a notice by the identified insiders

Can Aadhaar be used for quick, online KYC? Brokerages await clarity

If the online process is put in place once again, then customer acquisition can become much faster, say brokerages

Wall Street hits pause, still near record levels; Boeing shares drag Dow

The energy sector was among the biggest gainer on the S&P 500, tracking a rise in oil prices.

Assam's MFI crisis may mirror Andhra's: Founder Ujjivan SFB Samit Ghosh

Ujjivan Small Finance Bank (Ujjivan SFB) is now getting on to a higher growth orbit after having been listed

Aluminium scrap imports up 6.5% despite 13% slump in auto production

Industry claims imports made in auto sector's name being diverted to other areas such as electrical transmission and utensils

Market Wrap, Dec 17: Sensex up 413 pts, Nifty tops 12,150; Metal index up

Select heavyweights like Bharti Airtel, and HDFC twins, which also hit record highs today, lifted the index along with metals stocks like Tata Steel and Vedanta

MARKETS: Indices end near record high, Sensex up 413 pts, Nifty tops 12,150

All that happened in the markets today

Nifty Metal index up over 3%; Tata Steel hits over 4-month high

Jindal Steel & Power, Tata Steel, Steel Authority of India, JSW Steel and Jindal Stainless (Hisar) were up in the range of 3 per cent to 8 per cent in intra-day trade.

Whirlpool of India slips 6% after MD Sunil D'Souza steps down

Since June 2015, the stock of Whirlpool of India has rallied 330 per cent, as compared to a 49 per cent rise in the S&P BSE Sensex.

NIIT Technologies surges 6% as board to mull share buyback plan

The board of directors of NIIT Technologies is scheduled to meet on December 23, 2019, to consider and approve proposal for buy-back of the equity shares of the company.

Paper, Jute stocks in focus; JK Paper, Seshasayee Paper up over 5%

Orient Paper, Emami Paper Mills, Star Paper Mills, Malu Paper Mills, Seshasayee Paper & Boards, International Paper APPM, JK Paper and Ruchira Papers from the paper sector were up more than 5%.

Auto shares edge higher; Maruti Suzuki gains 2% on BofAML upgrade

Bank of America Merrill Lynch upgraded Maruti Suzuki India's stock to 'buy' from 'neutral' and raised the target to Rs 8,650 from Rs 7,450 per share

Ujjivan Small Finance Bank extends gains; surges 65% against issue price

The stock of the lender saw a stellar listing at the bourses on December 12, 2019. Issued at a price of Rs 37, the shares got listed at Rs 58 apiece on the BSE, a 57% premium against the issue price

Federal-Mogul surges 19% after Supreme Court order on open offer

Last month, the Securities Appellate Tribunal (SAT) had dismissed an appeal against an order passed by the Sebi, directing the promoters to revise the open offer price upwards

Stocks to watch: Tata Motors, Vedanta, Maruti, Cipla, PSBs, STFC, UCO Bank

Here's a look at the top stocks that may remain in focus today