Page 2589 - Markets News

India witnessing a Lehman-like crisis, says Elara Capital's Raj Bhatt

In an interview with Sundar Sethuraman, Bhat says that the government should take steps to address the risk aversion among banks and financial institutions

Senior officials of domestic asset managers to be hit hard by I-T surcharge

Experts believe the tax impact could be reduced if the one-time payments are deferred and vested ESOPs are not exercised

Devise framework for non-reporting margins fines: Sebi to stock exchanges

The move is intended "to rationalise and bring uniformity in the manner of imposition of fine for 'false or incorrect' reporting of margin and 'non-reporting' of margin", Sebi said in a circular

Market Wrap, Aug 1: Sensex ends 463 pts lower, Nifty below 11,000

Sectorally, all the indices ended in the red, barring the Nifty Auto index. Nifty Metal index slipped the most, ending the day with a cut of over 3 per cent

MARKET WRAP: Sensex ends 463 pts lower, Nifty below 11,000; SBI dips 4.6%

In the broader market, the S&P BSE Mid-cap slipped 117 points, or 0.86 per cent, to end at 13,526 level while the S&P BSE Small-cap settled at 12,552 level, down 140 points, or 1.1 per cent.

Delta Corp falls 8%, hits over two-year low after FPIs sell stake

Smaller Cap World Fund Inc, yesterday, sold 1.59 million equity shares of Delta Corp at a price of Rs 144 per share.

Trent's PAT rises 51% YoY in June quarter; stock surges 8% in a weak market

Revenue from operations for quarter under review rose 30 per cent YoY to Rs 767 crore, as against a revenue of Rs 591 crore clocked in the corresponding quarter of the previous fiscal

HDFC Q1 preview: Analysts see up to 50% rise in PAT, dip in provisions

Edelweiss Securities, however, expects a higher PAT at Rs 3,433 crore, up nearly 57 per cent YoY, on the back of one-time gain from stake sale in Gruh Finance

SBI Q1 preview: Analysts predict double-digit loan growth, drop in net NPA

Analysts peg the net profit at Rs 5,934.5 crore as compared to a net loss of Rs 4,875.9 crore in the corresponding quarter of the previous fiscal (Q1FY19)

CARE Ratings tanks 19%, hits fresh 52-week low on weak Q1 results

The company's consolidated operating profit margin during the quarter contracted to 20.1 per cent from 45.6 per cent in previous year quarter.

Zee Entertainment slips over 3% after Invesco Oppenheimer buys 11% stake

The deal, at Rs 400 per share, values Zee at a premium of 10.6 per cent over the current market price and will be used to pay off part of the promoter-level debt.

Stocks to watch: ZEEL, Bharti Airtel, Bosch, Marico, UPL, Eicher Motors

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

US Fed cuts rate for the first time in more than a decade: Top highlights

Fed chair Jerome Powell, later in the presser, said that the rate cut has been in the pipeline for a while and doesn't necessarily portend a long cycle of rate cuts

Market Ahead, August 1: Top factors that are likely to guide markets today

Investors will look at US Fed rate cut, corporate results, and macroeconomic data for market direction today.

Four reasons why the US Fed's 25 bps rate cut assumes significance

With the US-China trade standoff still to be resolved and with Brexit also in limbo, a cut in rates should help to assuage sentiment

FMCG stocks seen as safer bet as prospects in other sectors not encouraging

Even after six months of moderation in consumption, the average current valuation of major FMCG players is still at a premium

Sanofi: Strong domestic portfolio keeps Street positive amid pricing pain

Analysts at Elara Capital say the company's portfolio being skewed toward the high-growing chronic products, coupled with its leadership position in basal insulin, gives it an edge over its peers

Replacement segment gives smooth ride to Apollo Tyres amid auto slowdown

Slowing auto sales, higher commodity costs remain major areas of concern

Sterling & Wilson, Spandana slash IPO size amid choppy market conditions

To hit the market next week, Sterling & Wilson and Spandana have cut their issue size by a third

FPIs pull out over Rs 11,000 crore in July, highest in nine months

This was their highest outflow since October 2018, when they had pulled out Rs 28,921 crore ($3.93 billion) from the equity market