Page 2807 - Markets News

Fund mobilisation by Indian firms through share issue falls 81% in H1

The funds were mobilised for business expansion, refinancing of debt, working capital requirements and other general corporate purposes

Today's picks: From HPCL to Wipro, hot stocks to watch on Tuesday

For Wipro, Keep a stop at Rs 321 and go long

Five key factors that will impact markets in Samvat 2075

Experts say volatility is likely to continue in Samvat 2075 as well, owing to a politically heavy calendar (upcoming state elections and general elections scheduled for 2019) and macro challenges.

SBI Q2 profit falls 40% YoY to Rs 9.44 billion as NPA declines

Net segment revenue for the quarter stood at Rs 666.08 billion against Rs 654.3 billion in the September quarter of last fiscal.

MARKET WRAP: Sensex dips 61 pts, Nifty at 10,524; SBI up 4% post Q2 result

State Bank of India rose 3.8 per cent to Rs 296.10 after the country's largest PSU bank reported a net profit of Rs 944.87 crores in the September quarter

Average spot power price jumps to 45% at Rs 5.94/unit in Oct on high demand

The average spot power price was highest at Rs 7.30 per unit during evening peak hours from 0600 PM to 1100 PM

Cipla records sharpest fall in one year post Q2 results; stock down 8%

The stock has dipped 8% to Rs 558 on the BSE after the pharmaceutical company posted 11% decline in its consolidated net profit at Rs 3.77 billion for Q2FY19.

Markets are fearful right now; it's time to be greedy: Raamdeo Agrawal

Too much money was chasing too few stocks, said Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services

Oil prices soften after US grants Iran sanction waivers to eight importers

Traders said prices have been coming under pressure since it became clear that Washington was allowing several countries to continue importing crude from Iran despite the sanctions

FinMin eyes Rs 80 bn through CPSE ETF, issue likely by November-end

The ministry is in the process of rejigging the companies in the ETF and will include four new CPSEs after removing three existing companies

KEI Industries up 25% in three days on healthy Q2 results

In the past nine trading days, KEI Industries outperformed the market by surging 52%, as compared to 3% rise in the S&P BSE Sensex.

Earnings preview: SBI Q2 profit may fall 80%; provisions to remain elevated

The bank's domestic loan growth is likely to improve (but below industry average), driven by retail loans and some corporate lending. However, international book is expected to decline.

'See a bright future for markets in Samvat 2075 amid the current gloom'

Amidst this gloom, we stick our neck out and see the Nifty at 12,800 levels by Samvat 2075-end, says V K Sharma of HDFC Securities

Worst rout of sovereign bonds in 7 years may end with RBI's Rs 860 bn binge

The purchases have coincided with a rapid cooling in oil prices that helped drive the yearlong selloff in bonds, the worst run of quarterly losses since 2011

Venky's India slips 10% on disappointing Q2 results

The stock slipped 10% to Rs 2,541 after the company reported 80% drop in profit at Rs 55 million, due to lower realizations from the sale of grown-up broilers and broiler day-old chicks.

'After underperformance, gold is now witnessing the start of next bull run'

We expect that lack of global cues could keep volatility low for gold, but on domestic bourses, prices could continue to gain on weakness in rupee.

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days

Axis Bank was up 4% to Rs 633, the largest gainer among Nifty50 and the S&P BSE Sensex index, at 10:40 am.

Adani Gas up 5% on stock market debut

The stock is locked in upper circuit of 5% at Rs 73.70 on debut on the BSE on Monday.

Sun TV Network dips 6% on mixed September quarter results

The stock dipped 6% to Rs 622 on the BSE in early morning trade after the company reported a mixed operating performance in September quarter with a miss on revenue but a beat on margins and profit.

Short-term outlook for market looks positive; Buy Axis Bank, Granules India

The short-term outlook for the market remains positive till Nifty trades above 9950 levels and expecting targets in the range of 11100-11400 levels in short-term