Page 2653 - Markets News
Aavas Financiers hits new high on robust Q4 results; stock up 23% in 6 days
The housing finance company reported a net profit of Rs 54.3 crore in March quarter, against Rs 20 crore in the year-ago quarter.
 "Aavas Financiers hits new high on robust Q4 results; stock up 23% in 6 days")
Deepak Nitrite soars 8% on stellar March quarter earnings
The stock is trading close to its all-time high of Rs 305 touched on September 27, 2018.
 "Deepak Nitrite soars 8% on stellar March quarter earnings")
YES Bank falls 5% as ICRA downgrades bonds rating
ICRA downgraded Yes Bank's tier-I and tier-II bonds and infrastructure debt on deterioration in the credit quality of large ticket borrowers.
 "YES Bank falls 5% as ICRA downgrades bonds rating")
Cadila hits 52-week low on 14 observations from USFDA for Moraiya plant
The US Food and Drug Administration has issued 14 observations after inspecting the drug firm's manufacturing facility at Moraiya in Ahmedabad.
 "Cadila hits 52-week low on 14 observations from USFDA for Moraiya plant")
A narrow bull mkt does not give much comfort: First Global's Shankar Sharma
Sharma expects earnings growth in FY20 to be in low single digits
 "A narrow bull mkt does not give much comfort: First Global's Shankar Sharma")
Q4 nos to US-China trade talks, top factors that may drive market this week
Corporate action, crude oil prices, the US-China trade talks, phase 5 of the 2019 Lok Sabha elections and macro-data on industrial production would be the key triggers for Indian indices this week.
 "Q4 nos to US-China trade talks, top factors that may drive market this week")
Bharti Airtel Q4 preview: Sharp dip in PAT likely despite revenue growth
Capex guidance for FY20, mobile broadband subscriber addition, timeline for rights issue and Africa IPO, and other balance sheet deleveraging plans will be the key things to watch
 "Bharti Airtel Q4 preview: Sharp dip in PAT likely despite revenue growth")
It's wild, wild May for Indian stock markets during Lok Sabha elections
So far this month, the market has been relatively tranquil pinning hopes that the BJP will once again come to power
 "It's wild, wild May for Indian stock markets during Lok Sabha elections")
Street signs: NSE shares in demand, betting on PSU space, and more
If the National Stock Exchange (NSE) stock was listed, its shares would have gained following the Securities and Exchange Board of India (Sebi) order in the co-location (colo) case
 "Street signs: NSE shares in demand, betting on PSU space, and more")
FIIs raise stakes in 20 of the 30 listed NBFCs in March quarter, shows data
Post the Infrastructure Leasing and Financial Services (IL&FS) crisis last year, NBFC stocks had corrected as liquidity tightened in the debt market
 "FIIs raise stakes in 20 of the 30 listed NBFCs in March quarter, shows data")
Sustaining the premium price tag may be difficult for IT stocks
Ability to absorb cost pressure while maintaining growth would be crucial, say analysts
 "Sustaining the premium price tag may be difficult for IT stocks")
Sebi's new differential voting rights rules may hurt minority shareholders
Sebi has proposed dual-class share framework with superior voting rights, where a certain share will have higher voting power than an ordinary share
 "Sebi's new differential voting rights rules may hurt minority shareholders")
India's oil import dependence jumps to multi-year high of 84% in 2018-19
India's oil import dependence has risen from 82.9 per cent in 2017-18 to 83.7 per cent in 2018-19, according to the oil ministry's Petroleum Planning and Analysis Cell
 "India's oil import dependence jumps to multi-year high of 84% in 2018-19")
Q4 earnings, PMI data, elections: Events likely to drive markets this week
Over the last week which had two trading holidays, the Sensex fell 104.07 points; while the Nifty shed 42.40 points
 "Q4 earnings, PMI data, elections: Events likely to drive markets this week")
Foreign investors pull out Rs 1,255 crore in just two sessions in May
Prior to this, FPIs infused a net amount of Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and debt)
 "Foreign investors pull out Rs 1,255 crore in just two sessions in May")
A new billionaire and eightfold spike in value: magic of listing in China
Mindray, which makes patient-monitoring and life-support systems as well as ultrasound machines, posted revenue of 13.6 billion yuan ($2.1 billion) in 2018
 "A new billionaire and eightfold spike in value: magic of listing in China")
Sebi's co-location order delays announcement of NSE's FY19 results
The NSE board will approve FY19 financial statement after legal view on the case
8.5% coupon rate for AAA-rated REC bonds stirs up market participants
The deal is unusual because just two days ago, NTPC, another AAA-rated government firm, raised a three-year fund at 7.93%
 "8.5% coupon rate for AAA-rated REC bonds stirs up market participants")
Bharti Airtel plans to kick off IPO of $5-billion Africa phone unit
Airtel Africa is planning to make a formal announcement about the London listing this month and aims to start trading in June
 "Bharti Airtel plans to kick off IPO of $5-billion Africa phone unit")
Rout may not be over for Indian car stocks after losing $42 bn in value
Passenger vehicle growth in the financial year ended March was the slowest since 2014
 "Rout may not be over for Indian car stocks after losing $42 bn in value")