Page 2484 - Markets News

NSE arm unveils new smart beta Nifty MidCap150 Quality 50 Index

The weight of each stock in the index is based on a combination of stock's quality score

Tea consumption growth slowed in 2018 on quality concerns, fewer choices

Average consumption was the highest in Gujarat at 1,385 gram (g) a year per person

Corporates prefer gifting vouchers than 'costly' gold this Diwali season

In July-August, the jewellery-buying sentiment was somewhat muted due to high gold prices

Discounts a speed-breaker for Maruti: Q2 profit falls 39% to Rs 1,358 cr

Negative operating leverage, driven by a sharp fall in volumes, weighed on profitability

Havells Q2 results disappoint; slowdown in real estate, infra hits growth

Higher competitive intensity in LED panels impacted growth of the acquired Lloyd's business, which slipped into losses at the operating level

Bandhan Bank's Q2 results show positive impact of diversification

Net interest margin has started to come off from the 10 per cent plus mark as proportion of lower-yield mortgages rise

Lower taxes may help home-grown hedge funds attract corporate money

An additional layer of taxes has been removed for companies opting to come under the new corporation regime

Asset allocation schemes yet to gain traction among mutual fund investors

According to data from Association of Mutual Funds in India (Amfi), asset allocation categories have seen net outflows of Rs 6,714 crore in the current financial year

FPIs bullish on insurance stocks; holding touches new high in Sep quarter

So far this calendar year, FPIs' stakes in SBI Life, Insurance ICICI Lombard and HDFC Life have risen by 18.85, 8.62 and 7.71 percentage points, respectively, since the December 2018 quarter

Ind-Ra maintains stable outlook for construction sector on existing orders

Most construction companies are likely to experience healthy revenue growth and stable credit metrics over H2 FY20, underpinned by the strength of their existing order books, Ind -Ra said

Nippon India Mutual Fund PBT down 2% in July-September quarter, net up 20%

Fund house holds on to its position in retail segment and beyond top-30 cities

NSE launches new smart beta index to track performance of M-cap companies

The beta index includes top-50 companies from its parent Nifty Midcap 150 Index, selected based on their 'quality scores', NSE Indices, an NSE group company, said in a statement

Market Wrap, Oct 24: Sensex ends 38 points lower; Nifty settles at 11,583

Benchmark indices ended flat with negative bias on Thursday amid selling in financial, IT and auto counters

MARKET WRAP: Indices end flat, Sensex slips 38 pts; Airtel rebounds, up 3%

All that happened in markets today.

PI Industries rallies 9% on strong Q2 results

The management said the outlook for H2FY20 continues to be healthy on account of sustained introduction of high-potential brands targeting a variety of crops and regions.

Maruti Suzuki Q2 profit dips 39% YoY to Rs 1,359 crore, revenue slips 24%

The EBITDA came in at Rs 1,606.3 crore, down 53.2 per cent YoY.

Gold likely to move higher in Samvat 2076; make a strategic allocation

While in the near term, gold can remain range-bound as there are various conflicting forces at play, there are triggers that can propel prices higher in the long run

Samvat 2076: Top stocks that leading brokerages are bullish on

Three key factors to watch out for in Samvat 2076 would be reducing stress in financial sector, further stimulus announcements by the govt and overall economic growth and resolution of US-China trade.

MTNL jumps 5% as Cabinet approves merger with BSNL

Briefing the media after the decision, Telecom Minister Ravi Shankar Prasad categorically said the government was neither closing down, nor divesting its stake in, BSNL and MTNL.

Polycab India surges 7% as net profit for September quarter doubles

The company reported net profit of Rs 194 crore in Q2FY20 against Rs 90 crore in a year ago quarter.