Page 2498 - Markets News

IndiGo shares gain most since 2016 on $30-bn Airbus aircraft order

The stock is still below a record high of 1,898.85 rupees ($26.76) hit on Sept. 30, after slipping through October

Short-term volatility is a friend of the long-term investor: Sundaram MF MD

India is going to be the next China. It will be a foreign flow magnet, says Sundaram Mutual Funds MD Sunil Subramaniam

Reliance General Insurance scraps IPO plan; withdraws draft offer documents

Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8

Investors should book profit in Colgate given market share, margin worries

Despite higher spending on advertising, high competition in toothpastes could restrict meaningful recovery in lost market share and weigh on earnings

Divestment isn't enough to sustain uptrend in BHEL as numbers don't support

Operational performance has been on a weak footing for long, with little hope of turnaround even in the medium-term

Bundled packs keep Airtel's Q2 ARPU stable, but AGR overhang on share price

To retain market share, the company will continue to focus on quality customers, reduce churn, and focus on content to improve customer stickiness

Share of retail assets in equity mutual funds fell to 52% in Sep quarter

This comes amid the recent uptick in markets

Sensex reclaims 40k on tax rejig buzz, global cues; Nifty ends at 11,844

Experts said the reduction in corporation tax has helped revival of corporate earnings.

Fed Reserve, $50 billion auto merger plan temper share price pullback

Equity futures signalled a flat to weaker open for Wall Street, after the S&P500 hit a record high, closing lower after the trade deal report .

Market Wrap, Oct 30: Sensex climbs 220 points to end above 40,000-mark

Bulls continued to dominate Dalal Street on Wednesday amid buying in select blue-chip counters such as SBI, TCS, Infosys, RIL, and ITC

MARKET WRAP: Sensex gains 220 pts, ends above 40K as PSBs, IT stocks rally

All that happened in markets today.

Here's what leading brokerages expect from YES Bank's Q2 results

"Slippages to remain elevated including McLeod Russel, ADA-NBFC group and Cox & Kings. The bank will take mark-to-market (MTM) on DHFL bonds," said analysts at Emkay Global Financial Services

Graphite India slips 5% as Q2 net profit falls 83% YoY to Rs 185 crore

India removed anti-dumping duties on graphite electrodes imported from China in September 2018 which has resulted in increased imports.

A look at proposed changes in tax laws that could boost the stock market

The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation

PSU banks gain; SBI, Canara Bank, Bank of Baroda and PNB rise 3%

Central Bank of India, United Bank of India, Syndicate Bank, Andhra Bank and Bank of India were up in the range of 5-12 per cent.

Polycab India rallies 8% to hit new high, zooms 65% against issue price

The company's net profit more-than-doubled to Rs 194 crore in September quarter (Q2FY20), on the back of strong revenue growth.

BHEL zooms 14% on reports CLSA upgrades to 'Buy' from 'Sell'

Earlier this month, reports suggested that Centre could reduce its stake in the heavy equipment manufacturer to 26 per cent from 63.17 per cent as part of its strategic divestment.

BEML surges 10%, hits 52-week high on report govt plans divestment

According to a report by CNBC-Awaaz, the government could soon invite Expression of Interest (EoI) by late November or early December to reduce its stake by nearly 26 per cent in the company.

Petronet LNG climbs over 6% as Q2 net profit surges 90% YoY

The company's board of directors also approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.

HDFC Life Insurance hits new high after multiple block deals

According to media reports, UK's Standard Life is planning to divest up to 4.5 per cent stake in HDFC Life Insurance.