Page 2715 - Markets News
China to beat Asia pack on MSCI boost; CSI 300 Index rises over 2%
Development expected to impact overseas flows into regional and emerging markets over time
 "China to beat Asia pack on MSCI boost; CSI 300 Index rises over 2%")
MARKET WRAP: Sensex gains 196 pts, Nifty tops 10,850; PSBs jump up to 12%
Here's a look at all that happened in Friday's session.
 "MARKET WRAP: Sensex gains 196 pts, Nifty tops 10,850; PSBs jump up to 12%")
Public sector banks gain; Oriental Bank, Union Bank soar 10%
Nifty PSU Bank index, the largest gainer among sectoral indices, was up 2.4 per cent, as compared to 0.48 per cent rise in the benchmark Nifty 50 index at 02:21 pm
 "Public sector banks gain; Oriental Bank, Union Bank soar 10%")
Sebi bans Commex Technology, former directors over GDR manipulation
Commex has been barred for five years and its former directors -- Adi Cooper and Kishore Hegde -- for two years
 "Sebi bans Commex Technology, former directors over GDR manipulation")
SBI Life Insurance rebounds 21% after Carlyle Group acquires 9% stake
The stock moved higher by 6.5% to Rs 618, bouncing back 21% from its early morning low of Rs 510 on the BSE.
 "SBI Life Insurance rebounds 21% after Carlyle Group acquires 9% stake")
Ravneet Gill takes charge as YES Bank's CEO; stock up 3%
At 03:12 pm, YES Bank, the top gainer in the S&P BSE Sensex pack, was trading 2.79 per cent higher at Rs 237.65 apiece.
 "Ravneet Gill takes charge as YES Bank's CEO; stock up 3%")
Sebi board approves lowering of broker fees, easier norms for startups
Sebi board also approved easing of norms for corporates facing debt restructuring by providing for exception from mandatory open offer in select cases.
 "Sebi board approves lowering of broker fees, easier norms for startups")
SBI Life Insurance falls 12% after huge block deals; recovers later
The stock dipped 12 per cent to Rs 510 in early morning trade on Friday with around 91.37 million equity shares representing 9.14 per cent equity of the company changed hands on the BSE.
 "SBI Life Insurance falls 12% after huge block deals; recovers later")
Ipca Labs stock nears record high, surges 6%; here's what brokerages say
The stock up 6% to Rs 862, trading close to its record high of Rs 907 touched on February 28, 2014 on the BSE in intra-day trade.
 "Ipca Labs stock nears record high, surges 6%; here's what brokerages say")
Zodiac Clothing hits 52-week high; stock zooms 41% in two days
The stock hit a 52-week high of Rs 213, up 18 per cent in intra-day trade on Friday, surging 41 per cent in past two trading days on the back of heavy volumes.
Bharti Airtel falls 5% on 19:67 rights issue at Rs 220 per share
The stock dipped 5 per cent to Rs 303 on the BSE after the company said its board of directors approved a fund raising plan of up to Rs 32,000 crore through a mix of rights issue and bond.
 "Bharti Airtel falls 5% on 19:67 rights issue at Rs 220 per share")
Sugar stocks rally up to 10% as govt approves Rs 10,540 crore soft loan
Uttam Sugar Mills, Dharani Sugars, Triveni Engineering, DCM Shriram Industries, Thiru Arooran Sugars and Dwarikesh Sugar were up in the range of 5 to 10 per cent on the BSE in intra-day trade.
 "Sugar stocks rally up to 10% as govt approves Rs 10,540 crore soft loan")
Jet Airways, Bharti Airtel and auto stocks may hog the limelight today
Here's a look at the top stocks that may remain in focus today -
 "Jet Airways, Bharti Airtel and auto stocks may hog the limelight today")
Rupee may slide to 80 against the dollar by September: Royal Bank of Canada
The rupee is already the worst performer this year in Asia ex-Japan amid the uncertainty surrounding the upcoming elections, where Prime Minister Narendra Modi is seen facing a tight contest
 "Rupee may slide to 80 against the dollar by September: Royal Bank of Canada")
Q3 GDP nos may influence sentiment; Airtel, Jet Airways to be in focus
Third quarter GDP (gross domestic product) data, which was released post market hours on Thursday, is likely to guide markets on Friday
 "Q3 GDP nos may influence sentiment; Airtel, Jet Airways to be in focus")
Bharti Airtel board approves raising Rs 32,000-crore to fire up biz
Taking on the fierce competition posed by Reliance Jio and the upcoming auctions means burning more cash for companies like Airtel and Vodafone Idea
 "Bharti Airtel board approves raising Rs 32,000-crore to fire up biz")
Derivative strategy on Federal Bank by HDFC Securities
Derivative strategy on Federal Bank by Nandish Shah, Assistant Vice President, PCG, HDFC Securities.
 "Derivative strategy on Federal Bank by HDFC Securities")
Top trading calls by Anand Rathi: Buy DB Corp, GAIL and Indian Bank
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.
 "Top trading calls by Anand Rathi: Buy DB Corp, GAIL and Indian Bank")
Top trading ideas by Prabhudas Lilladher: Buy Kiri Ind, Federal Bank
Nifty outlook and top trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
 "Top trading ideas by Prabhudas Lilladher: Buy Kiri Ind, Federal Bank")
Global stocks sink for third day as investors temper trade optimism
The Chinese data also showed export orders fell at their fastest pace since the global financial crisis a decade ago
 "Global stocks sink for third day as investors temper trade optimism")