Page 2706 - Markets News

Voltas stock's prospects improving slowly, but analysts not yet bullish

While inventory liquidation is positive, higher volumes and price hikes are imperative for rich stock valuation to sustain

Auto firms on a slippery path over sliding demand, higher inventory levels

Higher inventory levels, fall in volume growth and rise in discounts to hamper revenue growth and margins

Nifty to gain 10% in 12-months, upgrades Indian mkt to overweight: Goldman

Foreign institutional investors (FIIs) have pumped in $5.5 billion into Indian markets in the past one month

Mindtree independent directors should guide shareholders, says IiAS

Proxy advisory firm says the deal is a battle of corporate culture and work ethos

Franklin India's ultra-short rises more than two-fold on credit plays

The fund's exposure to less than AA papers stood at Rs 6,832 crore at the end of January, which was more than double the exposure at the end of August

Rs 2,000 cr of unclaimed dividends lying with investor protection authority

Senior government officials say there are at least 2.5 million investors who have not claimed their dividends

Market Wrap: Indices gain for 7th day, Sensex up 268 pts, Nifty tops 11,500

PSU bank stocks advanced the most with the Nifty PSU Bank index ending nearly 2 per cent higher at 3,176

MARKET WRAP: Indices gain for 7th day, Sensex up 268 pts, Nifty tops 11,500

All that happened in markets today

Dilip Buildcon, Manpasand Beverages, CG Power gain over 100% from Feb lows

Dilip Buildcon rose 5 per cent to Rs 734 on the BSE in intra-day trade on Tuesday, surging 22 per cent in past three trading days

Auto shares trade weak on concerns of production cut due to slower demand

TVS Motor Company, Eicher Motors and Hero MotoCorp were dipped in the range of 2 to 3 per cent, while Ashok Leyland, Bajaj Auto and Maruti Suzuki India down 1 per cent each on the NSE

L&T's hostile takeover bid for Mindtree gets thumbs-down from analysts

On Monday, L&T entered into a deal to purchase the 20.32 per cent stake of MindTree's single-largest investor, V G Siddhartha, at Rs 980 per share in an all-cash transaction

Goldman Sachs upgrades India to 'overweight' amid pre-election rally

Foreign inflows into Indian equities soared to their highest in 15 months at $2.42 billion in February, a big swing from 2018's net outflows of $4.4 billion.

Embassy Office Parks REIT IPO: Here's what top brokerages recommend

The offer, which will end on March 20, was subscribed 20 per cent on first day of the bidding process, NSE data showed.

JM Financial up 14% after Brookfield agrees to buy key Hotel Leela assets

As of December 31, 2018, JM Financial Assets Reconstruction Company held 26 per cent stake in Hotel Leela Venture

Tech view: Nifty Pharma is headed for a strong rally; watch for 9350 levels

In the last five sessions, the index has been hovering at 200-days moving average (DMA) located around 9230, as per daily chart. A major trigger for a bigger run stays at 9350 levels

PSU banks extend rally on rating upgrade; Oriental Bank hits 52-week high

In the past three days, the PSU Bank index has outperformed the market by gaining 3 per cent against 1 per cent rise in the benchmark index

ADAG shares gain after Reliance Communications pays Ericsson dues

RCom, Reliance Naval, Reliance Infrastructure, Reliance Power, Reliance Capital, Reliance Home Finance and Reliance Nippon were up in the range of 3 to 10 per cent on the BSE in intra-day trade.

Foreign portfolio investors' inflows set for highest level since March 2017

Over $3 billion already invested in domestic equities in March; Fed pause, hopes of political continuity key drivers

Mindtree slips after L&T buys 20% stake of the company, L&T down 1%

At 09:42 am, shares of Mindtree were trading nearly a per cent down at Rs 953.95 apiece on BSE while those of L&T were trading over a per cent lower at Rs 1,360.20 apiece.

Rupee slips marginally, opens at 68.55 against US dollar

In the last six trading sessions, the rupee has appreciated by 161 paise.