Page 2546 - Markets News

HDIL slumps 5% as it goes insolvent, recovers later

In a regulatory filing, HDIL said the IRP has been appointed to carry the functions as mentioned under Insolvency and Bankruptcy Code.

Tata Steel slips 4% as it proposes to shut two UK-based plants

The company had announced in May 2018 the potential sale of five non-core businesses, enabling it to strengthen its focus on its strategic markets

OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL

If the deal goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks.

Auto stocks slide up to 5% as sales see steep fall in August

At 10:00 am, the S&P BSE Auto Index was down 0.7 per cent or 109 points at 15,660, as compared to 0.93 per cent decline in the S&P BSE Sensex

Stocks to watch: Tata Steel, HDIL, Cox & Kings, Maruti, PSBs, Jet Airways

Here's a list of some of the counters that are expected to trade actively in today's session.

Market Ahead, Sept 3: Top factors that are likely to guide markets today

China has lodged a complaint against the United States at the World Trade Organization over US import duties, the Chinese Commerce Ministry said on Monday

Economic slowdown, low GDP growth likely to hurt banks' earnings: Analysts

After the balance sheet clean-up in March 2018 and June 2019 quarters, banking sector, mainly corporate lenders, were expected to see sharp improvement in asset quality and credit cost and earnings

Brokerages cut target prices of 123 BSE stocks, downward forecasts continue

A price target is the projected future price level of a stock arrived by an analysts based on earnings and margin forecasts

Coal India shares dip 3% as competition from private miners looms

Lead time for mine development, challenges in commercial mining are issues NTPC and private miners will have to overcome

NCDEX's agri index launch by Diwali, chooses NSE IT to manage product

The index will have 10 Sebi-approved agri commodities. Once open for trading, the NCDEX index for agri and MCX index for non-agri commodities will theoretically complete a basket

Modi and his party will have to deliver to stay in power: Mark Mobius

The management guru calls upon the govt to loosen up on investment regulations and allow infra spending to be shared with the private sector

FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi

According to Securities and Exchange Board of India annual report, eligibility norms for FPIs were relaxed and data privacy concerns of FPIs were addressed

From Adani Power to Bata India, best mid-caps after market correction

Investors are increasingly getting risk averse preferring larger companies to ride out the volatility

Sebi says Rs 106 cr refunded to more than 13,000 Sahara investors

The refunded amount includes Rs 56.86 crore of principal and Rs 49.24 crore paid as interest for 13,543 refund claims made by bondholders of two Sahara group firms

Branch rationalisation to HR challenge: Brokerage view on PSB consolidation

Unlike private banks, most PSBs, analysts say, do not have clear specialisations and end up competing against each other

Commodity picks: 2 September 2019

Mustard seed prices at the Jaipur spot markets are trading at Rs 4,183 per quintal

Street signs: Gruh Finance shares, Nifty may consolidate in Sept, and more

The rollback of surcharge hike on FPIs has boosted share prices of a number of Nifty 100 companies

India-dedicated funds pull out $653 million in July, shows EPFR data

Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year

Higher gold prices keep the shine intact for major gold financiers

The average gold price in the September 2019 quarter, so far, is now up 11.5% from the June quarter

Overall market sentiment remains fragile, says Nischal Maheshwari

The announcement of consolidation of PSBs is certainly a step in the right direction, says Maheshwari