Page 2650 - Markets News

India's consumption story is not nearing an end, says Vikas Khemani

Earnings growth in FY20 is more likely to be around 15-16% and not 20% with a lot more of it in the latter part of the financial year, says Vikas Khemani, founder, Carnelian Capital Advisors

Street signs: High stakes on YES Bank hit FIIs, MSCI rejig, and more

An analysis of returns between the Nifty, the Sensex (indices with no sectoral cap) and the SX40 shows capping leads to only slight divergence in performance, at least in the short term

After 18% year to date gains, Axis Bank stock may pause for a breather

With 18% year to date gains, valuations are at its peak of 2.3x FY20 earnings, leaving little upside potential

Market outlook: Macro data, elections, Q4 nos to guide indices this week

Markets may on Monday react to industrial production number, announced post market hours Friday

PNB Housing Finance shares jump nearly 13% after March quarter results

The scrip jumped 12.08 per cent to close at Rs 782.35 on the BSE. During the day, it advanced 13.57 per cent to Rs 792.80

Global wealth of $2.1 trillion lost as US-China trade war simmers

The fall in India's m-cap is much higher than bigger peers such as the UK, France, Germany and Canada

Maintain 30% allocation in mid-caps: Mirae Asset Mutual Fund CIO

Mid-caps are now at a good discount to the Nifty, as well as their historic long-term averages, says CIO Neelesh Surana

RBI may release new limits for voluntary retention route in two weeks

Likely to allow FPIs to extend initial investment period from 1 to 3 months

SBI: Market leader misses estimates but delivers the goods on asset quality

At Rs 838 cr, its Q4 net is a huge miss, though better than last year's loss. Yet, as SBI made full provisioning for Bhushan Power, Essar Power and Alok Industries, it cheered the Street

Allahabad Bank Q4 loss widens to Rs 3,834 cr on higher NPA provisions

NPA provisions in Q4 at Rs 5,279 crore, against Rs 5,126 crore in the same period of the FY18; lender got out PCA framework in Feb

SBI reports Q4 profit of Rs 838 crore, NPAs decline

Gross NPAs declined to 7.53 per cent against 8.71 per cent in the previous quarter and 10.91 per cent in the corresponding quarter of the previous fiscal.

Market Wrap, May 10: Indices end volatile session in the red

On a weekly basis, Sensex and Nifty post biggest weekly loss since October 2018, falling over 3 per cent each

MARKET WRAP: Indices end volatile session in the red; metal, IT stocks drag

All that happened in the market today

ITC Q4 preview: Cigarette, FMCG businesses likely to push profit higher

ITC has outperformed the benchmark S&P BSE Sensex in the last one year by surging 7.12 per cent as compared to the latter's 6.56 per cent gain in the same time period

SBI rebounds 6% from day's low on improved asset quality in March quarter

SBI has reported net profit of Rs 838 crore for Q4FY19 on the back of higher provisions

Tata Steel records sharpest intra-day fall since November 2016; slips 8%

The two companies had struck a deal last year to combine their European steel units to create Europe's second-largest steelmaker after ArcelorMittal

Venky's slips 6% on weak March quarter results, stock nears 52-week low

The company reported 41.5 per cent YoY decline in net profit at Rs 29.94 crore in March quarter, due to higher raw material costs.

Jet Airways gains 24% in three days ahead of buy-out bidding outcome

The stock was trading higher for the third consecutive day, up 7 per cent at Rs 158 on BSE on Friday, on the final day for bid submission.

PS Reddy replaces Paranjape as the new MD & CEO of MCX after Sebi nod

Reddy's appointment was approved by SEBI. He takes over from Mrugank Paranjape who decided not to continue for the second term.

Mahanagar Gas slips 6% as Q4 profit miss Street estimates

The company posted a net profit of Rs 133 crore, as compared to average analyst estimates of Rs 156 crore for Q4FY19.