Page 2604 - Markets News
Analysts turn cautious on consumption-related stocks as growth slows
Since the presentation of the Budget on July 5, the Nifty Consumption index has slipped 5.7 per cent (till July 23) as compared to a 5 per cent fall in the Nifty50.
 "Analysts turn cautious on consumption-related stocks as growth slows")
Investors lose Rs 5.86 trn as markets fall for fifth day on the trot
The Bombay Stock Exchange (BSE) Sensex has lost 1,367.99 points, or 3.48 per cent, in five sessions. On Wednesday, it dropped 135.09 points to close at 37,847.65
 "Investors lose Rs 5.86 trn as markets fall for fifth day on the trot")
MMTC begins process to exit unprofitable entities, starting with NINL, ICEX
Firm has floated RFP to sell its 6% stake in ICEX, less than a month after it notified its intent to divest equity in NINL
 "MMTC begins process to exit unprofitable entities, starting with NINL, ICEX")
Market Wrap, July 24: Sensex sheds 135 pts, Nifty below 11,300
Shares of HDFC Life Insurance Company soared 5 per cent intra-day to hit a new 52-week high of Rs 533 apiece on the BSE on Wednesday
 "Market Wrap, July 24: Sensex sheds 135 pts, Nifty below 11,300")
Vodafone Idea shares slip below face value to hit new low of Rs 9.90
Thus far in the current calendar year 2019, shares of the company have more than halved from the level of Rs 23 on poor earnings and high debt.
 "Vodafone Idea shares slip below face value to hit new low of Rs 9.90")
L&T Infotech, Cyient: Are mid-tier IT companies a good bet post Q1 numbers?
Going by the analysts' view, the IT sector, as a whole, faces four major challenges.
 "L&T Infotech, Cyient: Are mid-tier IT companies a good bet post Q1 numbers?")
MARKET WRAP: Sensex sheds 135 pts, Nifty below 11,300; metals, PSBs plunge
In the broader market, the S&P BSE MidCap closed 206 points, or 1.48 per cent, lower at 13,710 levels while the S&P BSE SmallCap slipped 163 points, or 1.23 per cent, to end at 13,043 levels.
 "MARKET WRAP: Sensex sheds 135 pts, Nifty below 11,300; metals, PSBs plunge")
Asian Paints gains 6% from day's low as Q1 profit beats Street estimates
Against analysts' expectations of Rs 571 crore, its consolidated net profit jumped 18 per cent to Rs 655 crore from a profit of Rs 557 crore in the year ago quarter.
 "Asian Paints gains 6% from day's low as Q1 profit beats Street estimates")
ZEE gains 5% in weak market on strong June quarter performance
The company reported 54 per cent year-on-year jump in its consolidated net profit to Rs 530 crore in June quarter
 "ZEE gains 5% in weak market on strong June quarter performance")
M&M, Bosch, Voda Idea, and 16 other BSE500 stocks slump to three-year lows
A total of 51 stocks including M&M Financial, JSW Steel, Heritage Foods, Eris Lifesciences, Godrej Consumer, L&T Financial Motilal Oswal Financial and Shoppers Stop hit 52-week lows.
 "M&M, Bosch, Voda Idea, and 16 other BSE500 stocks slump to three-year lows")
Tata Motors Q1 preview: Muted performance seen amid decline in volumes
Market participants should focus on the current demand trends for JLR and outlook for key markets, update on cost-cutting initiatives at JLR, and demand trend in domestic markets
 "Tata Motors Q1 preview: Muted performance seen amid decline in volumes")
M&M Financial Services hits over 2-year low on weak June quarter results
The NBFC reported a sharp 75 per cent year on year (YoY) decline in its standalone net profit at Rs 68 crore in the April-June quarter (Q1FY20), due to higher provisioning for stressed assets.
 "M&M Financial Services hits over 2-year low on weak June quarter results")
HDFC Life surges 9% in 2 days to hit 52-week high on solid Q1 performance
The management has guided for strong APE growth in the next 9 months, depicting its confidence of continuing strong growth in the non-par segment in near to medium term
 "HDFC Life surges 9% in 2 days to hit 52-week high on solid Q1 performance")
Industry struggles to up tea prices at auctions as output plays spoilsport
Widespread availability of low-grade leaves adds to companies woes as auction prices dip in Kolkata and Guwahati
 "Industry struggles to up tea prices at auctions as output plays spoilsport")
Apollo Hospitals promoters look for partner to release pledged shares
The primary aim is to bring down our pledge over next one year, Suneeta Reddy, managing director of Apollo Hospitals Group said
 "Apollo Hospitals promoters look for partner to release pledged shares")
Stocks to watch: Asian Paints, Canara Bank, HUL, L&T and Torrent Pharma
Here's a look at some of the counters that are likely to trade actively in today's session.
 "Stocks to watch: Asian Paints, Canara Bank, HUL, L&T and Torrent Pharma")
Market Ahead, July 24: Top factors that are likely to guide markets today
Corporate earnings and global cues will continue to dominate investor sentiment today. They will first react to major results announced Tuesday post-market hours. In that regard, Larsen & Toubro (L&T)
 "Market Ahead, July 24: Top factors that are likely to guide markets today")
Bank of Baroda Q1 preview: NII could rise 34% YoY; merged entity's nos eyed
On a standalone basis, analysts are eyeing a pre-provision profit for Bank of Baroda of up to Rs 4,765 crore the quarter under review
 "Bank of Baroda Q1 preview: NII could rise 34% YoY; merged entity's nos eyed")
L&T puts up decent results in June quarter amid weak macro environment
While order inflow was healthy led by domestic projects, improved execution in select private sector and power segment supported growth
 "L&T puts up decent results in June quarter amid weak macro environment")
Budget impact: FPIs may look at P-notes for making investments in India
The Centre ruled out a rollback of the "super-rich" tax on FPIs, organised as trusts or association of persons, last week
 "Budget impact: FPIs may look at P-notes for making investments in India")