Page 2739 - Markets News
5 of top-10 firms add Rs 65,426 cr in m-cap; TCS, RIL, Infosys top gainers
The market capitalisation of TCS soared by Rs 41,914.13 crore to reach Rs 7,62,015.52 crore
 "5 of top-10 firms add Rs 65,426 cr in m-cap; TCS, RIL, Infosys top gainers")
FPIs pull out Rs 5,300 cr in Jan, adopt wait & watch approach before polls
Other factors such as movement in crude prices and currency and worries over global trade war will continue to guide the direction of FPI flows
 "FPIs pull out Rs 5,300 cr in Jan, adopt wait & watch approach before polls")
Interim Budget: Stamp duty on shares to be based on investor's home state
Collection process streamlined but brokers unhappy with revised norms
 "Interim Budget: Stamp duty on shares to be based on investor's home state")
Budget leaves Rs 1 trn in consumers' hands but tax targets look ambitious
Major boost to consumption but scepticism around growth stays
 "Budget leaves Rs 1 trn in consumers' hands but tax targets look ambitious")
Oil prices rise over 3% on strong US jobs data, Venezuela sanctions
Oil prices got a boost from Wall Street after surprisingly strong US job growth data fed demand for equities
 "Oil prices rise over 3% on strong US jobs data, Venezuela sanctions")
Sebi issues directive to exchanges, clearing corporations using AI tools
Sebi is conducting a survey and creating an inventory of the artificial intelligence (AI)/machine learning (ML) landscape in the Indian financial markets
 "Sebi issues directive to exchanges, clearing corporations using AI tools")
Interim Budget 2019: Gross borrowing pegged at Rs 7.1 trillion for 2019-20
The fiscal deficit for the current fiscal was pegged at 3.4% gross domestic product, slightly higher than 3.3% projected earlier
 "Interim Budget 2019: Gross borrowing pegged at Rs 7.1 trillion for 2019-20")
Budget a mixed bag for markets; Sensex gains 213 points in volatile trade
FMCG, auto, realty sectors rally as banking stocks see correction
 "Budget a mixed bag for markets; Sensex gains 213 points in volatile trade")
'Expect a market sell-off if FPIs remain unhappy about fiscal deficit'
Real estate developers get an extension on tax liabilities for notional income on unsold properties. That gives them some leeway in terms of time to shift unsold inventory.
 "'Expect a market sell-off if FPIs remain unhappy about fiscal deficit'")
Housing sops will not change things for sector in any way: Andrew Holland
Whilst on the face of it, it is a positive, it's too small an amount to move the needle too much, says Andrew Holland
 "Housing sops will not change things for sector in any way: Andrew Holland")
Interim Budget 2019 a road map for planning long-term investments
Capital Gain Exemption under 54 EA of Rs 2 crore (one time) - for buying the second house should boost demand for housing sector and housing finance companies.
 "Interim Budget 2019 a road map for planning long-term investments")
MARKET WRAP: Sensex gains 213 points post populist budget proposals
Among sectors, the Nifty Auto index was the top gainer of the day, rising 2.71 per cent led by Hero MotoCorp and Maruti Suzuki. The Nifty IT index too rose 1.45 per cent led by HCL Technologies
 "MARKET WRAP: Sensex gains 213 points post populist budget proposals")
Vedanta, Sterlite Technologies, Hindustan Zinc hit 52-week low
Vedanta tanked 20 per cent to Rs 158 a piece, Sterlite Technologies slipped 16 per cent to Rs 207, while Hindustan Zinc dipped 7 per cent to Rs 243 on the BSE in intra-day trade on Friday.
 "Vedanta, Sterlite Technologies, Hindustan Zinc hit 52-week low")
YES Bank falls 7% as senior group president Pralay Mondal resigns
The stock was down 7% to Rs 182 after YES Bank announced that Pralay Mondal has tendered his resignation as Senior Group President and Head - Retail & Business Banking of the bank on January 31, 2019
 "YES Bank falls 7% as senior group president Pralay Mondal resigns")
INTERIM BUDGET 2019 IMPACT: Auto, realty shares rally on sops to tax payers
Hero MotoCorp, Ashok Leyland, Maruti Suzuki, Eicher Motors, M&M, TVS Motor, Bajaj Auto, Indiabulls Real Estate, Oberoi Realty, DLF and Godrej Properties gained more than 3% each.
 "INTERIM BUDGET 2019 IMPACT: Auto, realty shares rally on sops to tax payers")
Dr Reddy's Labs hits 52-week high ahead of Q3 earnings
The stock hit a 52-week high of Rs 2,760, up 1.3 per cent, surpassed its previous high of Rs 2,745 recorded on December 3, 2018 in intra-day deal.
 "Dr Reddy's Labs hits 52-week high ahead of Q3 earnings")
DHFL extends fall as government launches probe; tanks 43% in one week
The stock was down 12% to Rs 120 on Friday, its lowest level since May 13, 2014.
 "DHFL extends fall as government launches probe; tanks 43% in one week")
Vedanta tanks 20% post December quarter earnings; stock hits 30-month low
The stock tanked 20 per cent to Rs 158 apiece, its lowest level since August 4, 2016, on the BSE on back of heavy volumes.
 "Vedanta tanks 20% post December quarter earnings; stock hits 30-month low")
Jet Airways soars 19% on Etihad bailout plan acceptance report
According to the proposed deal, Founder Chairman Goyal will step down from the board of directors and relinquish his decision-making powers, said a Business Standard report
 "Jet Airways soars 19% on Etihad bailout plan acceptance report")
Market Ahead, Feb 1:Benchmark indices will react to the Interim Budget 2019
Markets will react to the Interim Budget 2019 which will be presented by Finance Minister Piyush Goyal in the Parliament today.
 "Market Ahead, Feb 1:Benchmark indices will react to the Interim Budget 2019")