Page 2798 - Markets News
IT shares under pressure as rupee hits 2-month high; Nifty IT index dips 3%
TCS, Infosys, HCL Technologies, NIIT Technologies, Wipro, Tata Elxsi, Tech Mahindra and Mindtree from Nifty IT index were down in the range of 2% to 3% on the NSE.
 "IT shares under pressure as rupee hits 2-month high; Nifty IT index dips 3%")
Dr Reddy's Labs surges 8% on approval for generic Suboxone Film launch
The stock surged 8% to Rs 2,652 on the BSE in early morning trade, quoting near to its 52-week high of Rs 2,687 touched on September 28, 2018 in intra-day deal.
 "Dr Reddy's Labs surges 8% on approval for generic Suboxone Film launch")
Aviation, paint and OMCs rally on fall in crude oil prices
In the aviation pack, shares of SpiceJet climbed as much as 6.9 per cent to Rs 83.60 apiece while those of Jet Airways gained over 4 per cent to Rs 323.30.
 "Aviation, paint and OMCs rally on fall in crude oil prices")
Dr Reddy's, Bank of Baroda and DHFL among top stocks to watch today
Here are the top stocks that may remain on investors'radar in Wednesday's session -
 "Dr Reddy's, Bank of Baroda and DHFL among top stocks to watch today")
Stock calls by HDFC Securities for today: Buy ITC, sell Jindal Steel
Nifty outlook and technical calls by Vinay Rajani, Senior Technical Analyst at HDFC Securities
 "Stock calls by HDFC Securities for today: Buy ITC, sell Jindal Steel")
Retail disappointments, energy decline hit Wall Street; Dow falls 513 pts
The S&P 500 and Dow slipped into negative territory for the year, and the Nasdaq fell to its lowest level in more than seven months
 "Retail disappointments, energy decline hit Wall Street; Dow falls 513 pts")
US stocks fall as tech selloff spreads; Dow on track to end year in the red
Some traders who stepped in to scoop up shares in late October, hoping for a quick rebound, are now in danger of losing those potential profits and more
 "US stocks fall as tech selloff spreads; Dow on track to end year in the red")
Little cheer for Glenmark Pharma as analysts expect stock to remain subdued
Lack of new product launches, high debt, changing US market are major worries
 "Little cheer for Glenmark Pharma as analysts expect stock to remain subdued")
Relaxation in PCA regulations may not help revive credit growth: Experts
High level of bad loans and dearth of capital lower lending capacity for banks, say experts
 "Relaxation in PCA regulations may not help revive credit growth: Experts")
Credit set for worst year since 2008 crisis as crashes roil markets
High-yield and investment-grade notes are headed for losses in both euros and dollars - the first time all four asset classes have posted negative total returns since 2008
 "Credit set for worst year since 2008 crisis as crashes roil markets")
Disclosure score is average for top 100 listed firms at 6.3, says study
The firms were selected on the basis of market capitalisation and assessed on 12 publicly available information disclosure parameters
 "Disclosure score is average for top 100 listed firms at 6.3, says study")
Sebi allows promoters of firms that are delisting to make counteroffer
Currently, if the price discovered through reverse book building is not attractive to the promoter, he may unilaterally reject the price and the whole exercise becomes futile
 "Sebi allows promoters of firms that are delisting to make counteroffer")
BSE PSU index likely to slip into the red under Narendra Modi govt
Experts point to multiple factors, including the constant news of divestment and follow-on public offers
 "BSE PSU index likely to slip into the red under Narendra Modi govt")
Retail, tech stocks lead slide on Wall Street; Dow falls nearly 500 points
The S&P index recorded 20 new 52-week highs and 41 new lows, while the Nasdaq recorded six new highs and 230 new lows
 "Retail, tech stocks lead slide on Wall Street; Dow falls nearly 500 points")
Indiabulls HF raises Rs 236.15 bn from 32 institutions via debt instruments
Of the total Rs 236.15 bn raised, Rs 174.1 bn is in the nature of long-term debt
 "Indiabulls HF raises Rs 236.15 bn from 32 institutions via debt instruments")
IL&FS crisis: What is the Sebi's latest diktat to credit rating agencies?
The IL&FS crisis exposed the chinks in the credit rating agencies' armour, catching the market off-guard. Market regulator Sebi's latest guidelines try to plug some of the loopholes
 "IL&FS crisis: What is the Sebi's latest diktat to credit rating agencies?")
Zircon Tech gets Sebi's nod for IPO; total clearance reaches 70 in 2018
Systematix Corporate Services is the sole book running lead manager to the IPO
 "Zircon Tech gets Sebi's nod for IPO; total clearance reaches 70 in 2018")
MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh
The Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries
 "MARKET WRAP: Sensex declines 300 pts tracking global fall; IT, metals weigh")
Top Masala Bond seller returns to market after govt relaxes tax norms
The market for masala notes, which are rupee securities sold abroad, may draw issuers at a time when liquidity is tight domestically
 "Top Masala Bond seller returns to market after govt relaxes tax norms")
Metal shares under pressure; Hindalco, JSPL fall 5%
National Aluminum, Tata Steel, Vedanta, Steel Authority of India and JSW Steel were down 2% to 3% on the NSE.
 "Metal shares under pressure; Hindalco, JSPL fall 5%")