Page 2795 - Markets News
Federal Bank earnings likely to improve as credit costs stabilise
Bank rebalancing its loan book to improve profitability, return ratios
 "Federal Bank earnings likely to improve as credit costs stabilise")
Sun Pharma: Governance issues, margin pressures expected to weigh on stock
Sun Pharma's outlook remains muted amid multiple negatives
 "Sun Pharma: Governance issues, margin pressures expected to weigh on stock")
Earnings acceleration could be pushed back beyond March 2019: Lalit Nambiar
As a fund house, we had been maintaining the view that valuations were high. Relative attractiveness of the equity asset class drew domestic savings flow and propped up valuations.
 "Earnings acceleration could be pushed back beyond March 2019: Lalit Nambiar")
ICICI Prudential MF, MD & CEO Nimesh Shah settle IPO case with Sebi
Last-day bid in ICICI Securities' public offering was seen as a move to ensure IPO does not fail
 "ICICI Prudential MF, MD & CEO Nimesh Shah settle IPO case with Sebi")
MFs modify expense structure for direct plans to improve transparency
Fund houses have cut, raised expenses for direct plans; move may lead to higher returns
 "MFs modify expense structure for direct plans to improve transparency")
Bharti Enterprises sells Future Retail's shares worth around Rs 3 bn
Edelweiss group firm Ecap Equities Ltd bought 1.65 mn shares worth over Rs 870 mn, while Edelweiss special opportunities fund purchased 4.043 mn shares valuing Rs 2.12 bn
 "Bharti Enterprises sells Future Retail's shares worth around Rs 3 bn")
Rupee jumps 77 paise to 69.85 against USD, breaches 70-mark after 3 months
The dollar weakened against some currencies overseas after US Federal Reserve Chairman Jerome Powell said that the central bank's benchmark interest rate is likely near a 'neutral level'
 "Rupee jumps 77 paise to 69.85 against USD, breaches 70-mark after 3 months")
F&O expiry: Sensex up 453 pts, Nifty Nov gain sharpest since Mar'16 expiry
The Nifty Metal index rose 1.92 per cent led by a rise in Vedanta, Hindalco Industries. The Nifty Bank index, too, jumped 1.82 per cent led by HDFC Bank and IndusInd Bank
 "F&O expiry: Sensex up 453 pts, Nifty Nov gain sharpest since Mar'16 expiry")
Top trading calls by Anand Rathi: Buy Bandhan Bank, CESC and Federal Bank
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research.
 "Top trading calls by Anand Rathi: Buy Bandhan Bank, CESC and Federal Bank")
YES Bank recovers from 32-month low; ends flat
During the day, shares of the private sector lender continued to remain under pressure on the BSE in an otherwise firm market, after rating agencies downgraded the bank's rating.
 "YES Bank recovers from 32-month low; ends flat")
Adani Enterprises to self-finance Carmichael mine project; stock rises 8%
The stock moved 8% higher at Rs 170 on BSE on back of heavy volumes after the company said it will fund the entire cost of its controversial Queensland coal mine and rail project in Australia.
 "Adani Enterprises to self-finance Carmichael mine project; stock rises 8%")
ONGC, Coal India, NTPC among 22 stocks from BSE500 index hit 52-week lows
Avanti Feeds, Deepak Fertilisers, Jindal Steel & Power, NMDC, SAIL, Suzlon Energy and Rain Industries too hit 52-week lows today.
 "ONGC, Coal India, NTPC among 22 stocks from BSE500 index hit 52-week lows")
Hotel Leela Ventues, Kamat Hotels jump up to 20% on hopes of robust growth
Shares of hotel companies Hotel Leela, Kamat Hotels, Sayaji Hotels, TajGVK and Oriental Hotels rallied up to 20 per cent on BSE in the intra-day trade on Thursday, on expectations of robust growth.
 "Hotel Leela Ventues, Kamat Hotels jump up to 20% on hopes of robust growth")
Sun Pharma shares continue to decline
Sun Pharma stock is yet to recover from Wednesday's fall on the bourses when it hit a six-month low after a foreign brokerage firm raised concerns around corporate governance practices
 "Sun Pharma shares continue to decline")
Mid, small-cap indices underperform benchmarks; Adani Transmission dips 4%
On the other hand, benchmark index S&P BSE Sensex was trading over 1 per cent higher at 36,079. The NSE's Nifty50 index reclaimed the crucial 10,800 level to trade at 10,827, up nearly 1 per cent.
 "Mid, small-cap indices underperform benchmarks; Adani Transmission dips 4%")
Hindustan Unilever nears record high; gains 14% in one month
The stock was up 2% to Rs 1,777, trading close to its record high level of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade.
 "Hindustan Unilever nears record high; gains 14% in one month")
FMCG shares in focus; HUL, Dabur India rise 4%
Nifty FMCG index, the largest gainer among sector indices, has risen 1.4% at 29,642, as compared to 0.15% rise in the Nifty 50 index, at 01:07 PM.
 "FMCG shares in focus; HUL, Dabur India rise 4%")
Adani Power hits over three-year high; stock zooms 135% in two months
The stock hit a high of Rs 56, its highest level since March 9, 2015, rallying 58% in past one month.
 "Adani Power hits over three-year high; stock zooms 135% in two months")
Rupee extends gains; surges past 70/$ mark for the first time since Aug 27
Forex dealers said the greenback's weakness against some currencies overseas aided the domestic currency.
 "Rupee extends gains; surges past 70/$ mark for the first time since Aug 27")
Metals and mining may underperform in the second half
The price movements have been driven to a large extent by perceptions that global growth will get slower in 2019
 "Metals and mining may underperform in the second half")