Page 2756 - Markets News

IT Q3 preview: Seasonally slow quarter; CY19 outlook to be watched

The top five IT firms are likely to post 0.7%-2.1% QoQ USD revenue growth (1.3%-2.6% QoQ in constant currency (CC terms) with Tech Mahindra (TechM) likely to lead the pack

'Semi-arranged match' may not fill all gaps for Bandhan Bank

The merger makes Bandhan susceptible to shocks in the housing market

Rupee opens 16 paise higher at 70.05 against US dollar

On Tuesday, The domestic unit plunged by 53 paise to close at 70.21 against amid renewed concerns over widening of current account deficit (CAD) following constant rise in global crude oil prices.

Infosys, NMDC, Kridhan Infra and IndusInd Bank among top stocks to watch

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

Today's picks: From Coal India to UPL, hot stocks to watch on Wednesday

For Coal India, keep a stop at Rs 231 and go long. Add to the position between Rs 235 and Rs 236

Buy Axis Bank for target of Rs 704, SL of Rs 620: HDFC Securities

Nifty outlook and technical calls by Vinay Rajani, Senior Technical Analyst at HDFC Securities.

Nifty outlook and top trading ideas by Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.

Bharat Forge stock faces earnings pressure on multiple concerns

Fall in truck volumes and pressure on non-auto segments are the negatives

FinMin turns down Sebi's plan to do away with debenture redemption reserve

Sebi proposed to the Department of Economic Affairs (DEA) last month that the DRR rule be reviewed, saying it was not favourable for the development of the corporate bond market

Benchmark returns of Indian markets may remain muted in 2019: BofA-ML

Indian benchmarks will find it difficult to stay resilient in the face of global weakness

Sebi working on beefing up analytics arm; move to help improve surveillance

The markets regulator also announced the setting up of a research advisory committee on Tuesday

Focus on the premium segment will be a boost to United Spirits' margins

May help mitigate downside risk from tax increases

Oil prices rise on US-China trade talk hopes, Opec supply cuts

Crude prices so far in 2019 have been buoyed by supply cuts from the Organization of the Petroleum Exporting Countries including top exporter Saudi Arabia, and allies including Russia

Opt for full refund plans to lower flight ticket cancellation charges

Travel websites are offering zero cancellation plans that give a full refund if a flier cancels tickets

Bharat Dynamics surges on signing contract worth Rs 760 cr with Indian Army

The stock moved 15% higher to Rs 320 on NSE after the company signed contract worth around Rs 760 crore with the Indian Army for production and supply of ATGM and Launchers.

MARKET WRAP: Sensex gains 131 pts, Nifty ends at 10,802; banks, pharma rise

The S&P BSE Sensex gained 131 points or 0.36 per cent to settle at 35,981 with Sun Pharma (up 4 per cent) being the top gainer and Kotak Mahindra Bank (down over 1 per cent) the worst performer.

Nifty PSU Bank index hits 4-month high; SBI, Canara Bank up 3%

Nifty PSU Bank index, the largest sectoral gainer, was up 2.6% at 3,192 levels, trading at its highest level since September 6, 2018, on the National Stock Exchange.

Ashoka Buildcon, Sadbhav Engineering gain up to 6% in range-bound market

Sadbhav Engineering soared 6% to Rs 230 after the company said it received an appointment letter dated January 5, 2019 for road contract worth Rs 1,620 crore of Maharashtra Samruddhi Mahamarg.

5paisa Capital makes U-turn; hits lower circuit after rising in early trade

The stock was locked in the upper circuit for the eight straight day, up 5% at Rs 329 on BSE, surging more than 72% in the past nine days.

Gold falls on improved sentiment amid US-China trade deal, dollar recovery

Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal after positive comments from U.S. Commerce Secretary Wilbur Ross