Page 2615 - Markets News
Market Wrap, July 17: Sensex up 85 pts, broader mkts underperform
In the broader market, the S&P BSE MidCap ended at 14,542 levels, down 22 points, or 0.15 per cent. The S&P BSE SmallCap too ended 10 points, or 0.07 per cent lower at 13,716 levels
 "Market Wrap, July 17: Sensex up 85 pts, broader mkts underperform")
MARKET WRAP: Sensex up 85 pts, broader mkts underperform; DHFL up 11%
Sectorally, PSU banks were the biggest gainers with the Nifty PSU Bank index closing 1.36 per cent higher
 "MARKET WRAP: Sensex up 85 pts, broader mkts underperform; DHFL up 11%")
DCB Bank plunges 14% on disappointing June quarter results
The private sector lender reported a sub-par performance in June quarter (Q1FY19) led by decline in loan growth, sequential rise in fresh slippages and NPAs, and continued pressure on margin.
 "DCB Bank plunges 14% on disappointing June quarter results")
Tata Elxsi hits 52-week low after Q1 net profit drops 31% to Rs 48.79 crore
Revenue from operations stood at Rs 361.71 crore, down 5.3 per cent YoY. In the corresponding quarter of the previous fiscal, the figures stood at Rs 382.03 crore.
 "Tata Elxsi hits 52-week low after Q1 net profit drops 31% to Rs 48.79 crore")
Cox & Kings hits fresh low after fourth default in three weeks
The firm said it has also failed to pay the interest of over Rs 41 lakh on secured redeemable non-convertible debentures worth Rs 50 crore in timely manner
 "Cox & Kings hits fresh low after fourth default in three weeks")
YES Bank falls 8% from intra-day high ahead of June quarter result
Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20.
 "YES Bank falls 8% from intra-day high ahead of June quarter result")
Mindtree to declare Q1 results today; here's what leading brokerages expect
In its annual general meeting (AGM) held on Tuesday, the shareholders of Mindtree, including the new promoter Larsen and Toubro (L&T), approved the proposal for a special dividend of Rs 20 per share
 "Mindtree to declare Q1 results today; here's what leading brokerages expect")
MCX surges 8% after reporting six-fold jump in Q1 net profit
The company reported consolidated net profit of Rs 44 crore for June quarter (Q1FY20), on higher trading volume and other income. It had reported profit of Rs 7 crore in the year-ago quarter.
 "MCX surges 8% after reporting six-fold jump in Q1 net profit")
Price, oscillators: Two ways to identify stocks that are likely to fall
Both the components - the time to buy and time to exit a position are significant and have a bearing on the money/return you make
 "Price, oscillators: Two ways to identify stocks that are likely to fall")
HDFC AMC rallies 10% in two days on strong Q1 results, hits record high
AUM in actively managed equity-oriented funds, i.e. equity-oriented total AUM excluding arbitrage funds and index funds, grew to Rs 1.69 trillion as of June 30, 2019, with a market share of 16.2%
 "HDFC AMC rallies 10% in two days on strong Q1 results, hits record high")
Stocks to watch: Mindtree, Wipro, YES Bank, Maruti, DCB Bank, MCX, IndiGo
Here's a look at some of the counters which are likely to trade actively in today's session.
 "Stocks to watch: Mindtree, Wipro, YES Bank, Maruti, DCB Bank, MCX, IndiGo")
Wipro Q1FY20 preview: Analysts see modest revenue growth, EBIT margin dip
The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter
 "Wipro Q1FY20 preview: Analysts see modest revenue growth, EBIT margin dip")
As corporate earnings slow down, brokerages raise red flag on valuation
They say the Indian market has hardly seen any correction, despite growing growth pangs
 "As corporate earnings slow down, brokerages raise red flag on valuation")
Market Ahead, July 17: All you need to know before the Opening Bell
Investors will track June quarter earnings and global cues in today's trading session.
 "Market Ahead, July 17: All you need to know before the Opening Bell")
Technical calls from HDFC Securities: Buy Biocon, Ultratech Cement
Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities.
 "Technical calls from HDFC Securities: Buy Biocon, Ultratech Cement")
Adani Ports & SEZ plans $650-mn fund mop-up via unsecured notes issuance
The company intends to use the proceeds of the issue of notes, together with cash on hand of the company, to fund the tender offer and to redeem for cash any and all of its senior notes due in 2020
 "Adani Ports & SEZ plans $650-mn fund mop-up via unsecured notes issuance")
Slowdown in demand eats into Bajaj Consumer Care's June quarter numbers
Focus on brand building may keep margins under check
 "Slowdown in demand eats into Bajaj Consumer Care's June quarter numbers")
Govt to offer cattle, advanced biogas plants, poultry to boost rural income
Pilot project in Gujarat to be replicated across India
 "Govt to offer cattle, advanced biogas plants, poultry to boost rural income")
ACC, Ambuja and Shree Cement likely to see volume decline of 4-13%
Having witnessed a strong demand environment during H2FY18 till FY19, domestic cement firms are likely to report subdued sales volume in Q1FY20
 "ACC, Ambuja and Shree Cement likely to see volume decline of 4-13%")
Aluminium makers expect prices to pick up even as supplies stabilise
According to World Bank commodities report, aluminium prices on the LME will average at $1,940 per tonne in calendar 2019
 "Aluminium makers expect prices to pick up even as supplies stabilise")