Page 2677 - Markets News

Metropolis Healthcare shares gain 9% over issue price on debut

On a price-to-earnings (P/E) valuation basis, analysts said Metropolis is cheaper than Dr Lal Pathlabs

Sensex, Nifty edge higher for a third straight day; TCS shares rise

Both foreign and domestic institutional investors (FIIs and DIIs) were net-buyers

Dr Reddy's eyeing volume and value growth in the US

Firm is adding volume-driven products such as the recent acquisition of 42 ANDAs. The portfolio has over 30 injectables and an addressable market size of $645 mn

Do stock market and monsoons make a match? Here is what data says

Correlation between IMD's April predictions and calendar year returns on S&P BSE Sensex is -0.34, suggesting monsoons have had limited effect on market returns for a given year

NBFC MFI funding from securitisation deals up 170% to Rs 26,200 cr in FY19

SBI led the rise, buying portfolios worth Rs 45,000 cr, say MFIs; 43 firms raised funds via securitisation in FY19 versus 24 in FY18; Of these, 14 were first-time entrants

Market Wrap, April 15: Sensex up 139 pts, Nifty ends at 11,690

Tata Motors ended over 7 per cent higher at Rs 231 apiece on the BSE on expectation of improved outlook

Metropolis Healthcare closes 9% higher at Rs 960 from issue price of Rs 880

The public issue of the company was subscribed 5.84 times, as per subscription data available on exchanges.

MARKET WRAP: Sensex up 139 pts, Nifty ends at 11,690; Tata Motors gains 7%

All that happened in markets today

Rail Vikas Nigam hits 20% upper circuit after a tepid debut last week

The locked in upper circuit of 20 per cent at Rs 23.70 on BSE on Monday after listed par against its issue price of Rs 20 per share on Thursday.

Tata Motors gains 62% from Feb low on Tata Sons stake buy, improved outlook

It has rallied 62 per cent from its February 8, 2019, low of Rs 142 on the BSE, after the company's promoter, Tata Sons bought shares worth over Rs 500 crore in the company

Gillette India hits all-time high; stock surges 5%

The stock hit an all-time high of Rs 7,661, up 5 per cent on the BSE, surging 17 per cent thus far in April, on the expectation of strong volume growth in March quarter.

Foods & Inns hits 20% upper circuit for second straight day on HNI buying

On Friday, April 12, 2019, Mahendra Kumar had bought 1,21,000 shares of Foods & Inns at Rs 222.87 per share on the BSE.

Infosys, TCS: Here's how leading brokerages interpret Q4FY19 results

On Monday, though Infosys lost over 3 per cent on the NSE to Rs 722 levels, TCS moved nearly 3.3 per cent higher to Rs 2,081 levels in intra-day deals

Zee Ent, Jet Airways, DHFL, RCom: A trading guide for news-driven stocks

Zeel lacks the significant volumes that can drive the price to higher levels, Jet Airways has a consolidation breakout , DHFL resisting at 100-days moving average, RCOM needs to hold range Rs2 - Rs3.

TCS climbs over 3% on strong Q4 numbers

The country's largest IT services company crossed the $20-billion revenue mark for the first time in the fourth quarter of FY19.

SpiceJet flies high, soars 8% on announcing new international flights

The company said will connect Mumbai to a host of international destinations with direct non-stop flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok, and Kathmandu.

PC Jeweller surges 41% in 4 days on Carlina stake buy; hits 9-month high

On April 12, Carlina had purchased 4.65 million equity shares, representing 1.2 per cent stake, in PC Jeweller for Rs 49 crore

Infosys falls 5% on EBIT margin miss in March quarter

The EBIT margin declined 110bps quarter-on-quarter (QoQ), due to the negative impact of utilisation, ramp up of large deal, S&M (sales and marketing) expenses and localisation and rupee appreciation.

Rupee gains 10 paise at 69.07 against US dollar in opening trade

The domestic unit halted its three-day winning streak as it closed 25 paise lower at 69.17 as forex traders weighed rising crude oil prices.

TCS, Infosys, Jet Airways, RCom and Mastek top stocks to track today

Here's a look at the top stocks that may remain in focus today -