Page 2722 - Markets News

Axis chief Amitabh Chaudhry targets threefold growth in AUM of MF arm

Axis AMC will expand its product range and leverage the parent bank's distribution channel to improve sales and target better customer segments

Today's picks: From Tata Steel to Wipro, hot stocks to buy on Thursday

Nifty, Bank Nifty, Tata Steel, Hind Unilever, Wipro

Despite strong order book, muted profitability a major concern for NBCC

The declining margin trajectory of the firm is one reason for caution

IPOs show no sign of capex revival, fresh issue component below 20%

Fresh issue component in total fund below 20% for a second year in a row

Auto slowdown, weaker-than-expected Q3 results cloud Exide's outlook

Given the slight increase in lead prices over the last month, the ability of the company to maintain margins will depend on the extent of hikes it takes

Over 7,000 cash-starved start-ups may benefit from angel tax relief

An investment of around $12 billion might come from 2,000 angel investors

Govt calls meeting next week on mandatory hallmarking of gold jewellery

Ram Vilas Paswan will chair the meeting to discuss the order the government wants to notify before Lok Sabha elections are announced.

Good news for jewellery exporters as banks revise financing norms

In the year since the Nirav Modi fraud came to light, all banks having tightened their financing to the sector

Sensex advances for first time in 10 days on back of positive global cues

The 30-share index rose 404 points, or 1.14 per cent, to end at 35,756, while the Nifty snapped its eight-day losing streak, ending 131 points or 1.24 per cent higher at 10,735

IDFC's long-term commitment will help boost MF biz: CEO Vishal Kapoor

'With our focus on expanding our distribution network along with new product opportunities in the pipeline, we expect to see sound growth in the coming quarters,' he says

Realty funds ask for higher cover, turn cautious in lending to developers

HDFC Capital, real estate fund management arm of HDFC, is also taking a conservative view on the assumptions regarding sales and cash flow

Sebi exempts Coal India from buy back programme for 4.46 crore shares

Coal India had filed an application on February 12 with the Securities and Exchange Board of India seeking exemption from the strict enforcement of the buyback norms

Market Wrap: Sensex jumps 404 pts, ends 9-day losing streak; IT, banks gain

The frontline indices ended over 1 per cent higher, snapping their 9-day losing streak, led by gains in information technology (IT), financials and metal stocks.

Reliance Communications erodes 95% of shareholder wealth since listing

At 11:58 am, Reliance Communications, once a flagship company of the group, was trading near its face value of Rs 5 on the National Stock Exchange (NSE) at Rs 5.60 apiece, down 6.67 per cent

MARKET WRAP: Sensex jumps 404 pts, ends 9-day losing streak; IT, banks gain

All that happened in markets today

ADAG stocks tumble post SC verdict; stay away from them for now: Experts

The apex court has also imposed a fine of Rs 1 crore each on them, if not deposited within a month they will have to serve one month in jail.

Page Industries slips 16% in a week post Q3 result; stock nears 52-week low

The stock slipped 5% to Rs 20,414, falling 16% in the past one week post-Q3 result. It was trading close to its 52-week low of Rs 20,102 touched on March 7, 2018, on the BSE.

Exide Industries hits 52-wk low; down 28% in two months on weak Q3 results

The stock hit a 52-week low of Rs 195, down 5 per cent on the BSE in intra-day trade on Wednesday in an otherwise firm market.

Oil and gas exploration stocks gain; Duke Offshore hits 20% upper circuit

Shares of oil and gas exploration companies rose as much as 20% in intra-day trade on Wednesday as the government decided to offer bigger oil and gas areas currently under PSUs to the private sector.

Aavas Financiers hits new high; surges 35% in three months

The stock rose 3% to hit a new high of Rs 930, its highest level since listing on October 8, 2018.