Page 2684 - Markets News

Best start to financial year for the primary market in three years

The S&P BSE Sensex and the Nifty50 hit their respective new lifetime highs last week. In the past month alone, both these indices have rallied 6 per cent and 5 per cent, respectively

Income schemes was the worst-performing mutual fund category in FY19

The change in asset mix meant that equity schemes emerged as the largest category at the end of the financial year

Sub-par monsoons could spoil volume growth story for Bajaj Consumer

The firm clocked a 11.1 per cent year-on-year (YoY) rise in net sales to Rs 238.3 crore in Q4

Favourable price outlook, low output cost key triggers for Hindustan Zinc

The company, which is a low cost producer, is changing its mining methodology from open cast to underground mining

Current IPO pipeline gives us lot of confidence: UBS India's Anuj Kapoor

The projected economic growth, positive macro drivers, and India's demographic are key drivers for the investment banking business

Market Wrap, April 10: Sensex slips 354 pts, Nifty ends at 11,585

Financial stocks bled the most in trade, followed by metals and IT. Realty stocks, on the other hand, advanced the most

MARKET WRAP: Sensex slips 354 pts on weak global cues, Nifty ends at 11,584

All thay happened in markets today.

Wipro rises 3% on reports of Sebi approval for share buyback

Wipro is set to announce its largest ever buyback of Rs 12,000 crore ($1.7 billion) following the Securities and Exchange Board of India's nod to the proposal, The Times of India reported.

Vodafone Idea's Rs 25,000 crore rights issue opens. Is it worth your money?

The entitlement ratio of the issue, which will close on April 24, has been fixed at 87 rights shares for every 38 currently held by shareholders.

Info Edge hits new high, gains 3% after investments in Bizcrum Infotech

Info Edge's aggregate shareholding in Bizcrum Infotech, post this investment, would be 29.79 per cent on the fully converted & diluted basis

Do not expect a deeper correction in Nifty Bank till 29,800 level holds

Going ahead, the immediate trend suggests the index will continue on its journey north provided it trades above 29,800 on a closing basis

Tata Motors hits 6-month high; rises 25% in two weeks

The stock rose 3 per cent to Rs 212, its highest level since October 10, 2018 on the BSE, on the expectation of margin expansion, owing to improvement in Jaguar Land Rover businesses.

Praj Industries gains 8% on pact with Gevo, USA

The company also signed a Memorandum of Understanding (MoU) with Gevo to commercialise the latter's renewable hydrocarbon products

Rupee opens flat at 69.28 against US dollar

The domestic currency snapped its three-day losing streak in the previous session and rose 37 paise to settle at 69.30 against the greenback.

Hurdle is high for India's stock market even if Modi wins a second term

A survey of 21 global funds and strategists show most expect him to return, an outcome that may be baked into asset prices

SBI, HDFC Bank, IndusInd Bank and Praj Ind may hog the limelight today

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

IMF forecast to rupee movement, factors that may sway market on Wednesday

Key global developments like the IMF's prediction of a continued slowing global economic growth, including in India, and escalation in trade tensions are likely to steer the benchmark indices today

Godrej Agrovet: Why analysts are bullish despite 13% fall since listing

Godrej Agrovet is the market leader in the domestic plant growth regulators (PGR) segment and one of the leading players in the cotton herbicide segment.

Don't see much value in Indian stocks right now: Marc Faber

The largest footprint of the Modi government has been infrastructure spending, which I think is very important. This is one thing the new government must carry out, says Faber

Essel Finance signs MoU with Srei for sale of mutual fund business

Srei already runs an infrastructure debt fund, which invests in infrastructure-related projects