Page 2607 - Markets News

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

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

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.

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)

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

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

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

SKP Securities mulls cancellation, postponement of proposed buyback

Last week, Greaves Cotton made a similar announcement informing investors that it had written to the Finance Ministry seeking clarification on the buyback tax introduced in the Budget

IGPC wants banks to be allowed to buy gold, become bullion bankers

The move will enable them to source locally, finance bullion and refining business, apart from allowing them to hedge positions on exchanges and create gold-backed products

Goldman Sachs shuns 'naked long' bets in EMs as growth seen sputtering

Maasry recommends relative value: Buy the Brazilian real by shorting the Australian dollar, for example, or fund a long position in the Mexican peso with euros

Home projects hit after NHB asks HFCs to stop financing subvention schemes

Industry sources say there will be an immediate and long-term impact

Q1 results: United Spirits high on strong margin gains, stock falls 1.6%

Operating efficiency to drive profitability, but there are some near-term headwinds

GSK Pharma's health gets boost from focus on top brands' yields

The company is focusing completely on promoting its top twenty brands, including the antibiotic Augmentin, and antipyretic Calpol

Retail investors raise bets on penny stocks despite high investment risk

The value of equity can get wiped out as some the companies will be going through legal proceedings for debt recovery

Brokers exit cash segment, numbers drop by a quarter over 12-month period

High regulatory expectations and advent of discount broking have made old-style brokerage businesses unviable

HUL Q1 consolidated net profit up 14.5% at Rs 1,792 crore

Total income for the quarter under review came in at Rs 10,509 crore, up 1.89 per cent year-on-year (YoY).

L&T Q1 profit rises 20.5% YoY to Rs 1,361 crore

Consolidated gross revenue during the quarter under review came in at Rs 29,636 crore from continuing operations for the quarter ended June 30, 2019, achieving YoY growth of 10 per cent.

Market Wrap, July 23: Sensex slips 48 pts; HUL Q1 profit up 14.5%

Hindustan Unilever (HUL) on Tuesday reported a 14.5 per cent rise in its consolidated net profit at Rs 1,792 crore for the quarter ended June 30, 2019

MARKET WRAP: Sensex slips 48 pts, settles below 38,000-mark; PSBs tank

t close, Nifty PSU Banks were the biggest losers, with the index settling over 3% lower followed by Nifty Financial Services index (down 0.72%t) and Nifty Pharma index (down 0.70%)

Infosys hits record high in subdued market, up 11% in 7 days post Q1 nos

The stock surpassed its previous high of Rs 799 touched on July 18