Page 2808 - Markets News
Q2 results, rupee, Iran oil sanctions to drive equity markets this week
The BSE and NSE will conduct a special 'Muhurat' trading session on Wednesday, November 7
 "Q2 results, rupee, Iran oil sanctions to drive equity markets this week")
8 of top-10 firms gain Rs 1.69 trillion in m-cap; TCS, SBI, HDFC, RIL shine
In the ranking of the top-10 firms, TCS held on to the number one spot, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank
 "8 of top-10 firms gain Rs 1.69 trillion in m-cap; TCS, SBI, HDFC, RIL shine")
US reimposes sanctions on Iran but undercuts the pain with waivers
Pompeo said the European Union, which recently announced the creation of an economic channel to continue financial dealings with Iran, was not among those receiving waivers
 "US reimposes sanctions on Iran but undercuts the pain with waivers")
From RBI to Federal Reserve, can central banks survive the age of populism?
A president who thinks inflation can be fixed by lower interest rates isn't going to let his country's central bank raise rates to the degree economic factors may require
 "From RBI to Federal Reserve, can central banks survive the age of populism?")
Pharma to tourism: Top firms under I-T dept lens over advance tax payment
Many companies in sectors like pharma, tourism defer payment despite growth
 "Pharma to tourism: Top firms under I-T dept lens over advance tax payment")
Missing in action: The mystery around short-term capital gains tax data
Number of those reporting such gains is a fraction of investor count from other sources
 "Missing in action: The mystery around short-term capital gains tax data")
Rupee, bonds recover sharply, stocks get boost on soft oil, US-China talks
Improvement in GST collections and favourable earnings posted by some companies saw investors adding to risky bets
 "Rupee, bonds recover sharply, stocks get boost on soft oil, US-China talks")
Tea producers, exporters cheer as India exempted from Iran sanctions
Although orthodox tea production dipped by an estimated 10 per cent, prices didn't firm up
 "Tea producers, exporters cheer as India exempted from Iran sanctions")
Still under water, PNB disappoints Street as credit cost weighs on earnings
In Q2, a 69% surge in provisions kept the bank in the red with reported net loss of Rs 45 bn
 "Still under water, PNB disappoints Street as credit cost weighs on earnings")
Investor wealth soars Rs 1.72 trn as stock market shows positive momentum
From the 30-share pack, 25 stocks ended with gains led by Maruti Suzuki India, Tata Motors, Vedanta and Induslnd Bank
 "Investor wealth soars Rs 1.72 trn as stock market shows positive momentum")
Bharat Forge Q2 profit jumps 11.6% to Rs 2.28 bn; total income up 32%
Revenue growth was driven by doubling of passenger vehicle (PV) export revenues, accompanied with healthy double-digit growth in other key verticals
 "Bharat Forge Q2 profit jumps 11.6% to Rs 2.28 bn; total income up 32%")
MARKET WRAP: Sensex surges 580 pts on strong Asian cues; auto, banks rally
Nifty Auto index rose 4.2 per cent led by a rise in Maruti Suzuki, Tata Motors and Hero MotoCorp. The Nifty Bank index, too, ended 1.5 per cent led by IndusInd Bank and Axis Bank
 "MARKET WRAP: Sensex surges 580 pts on strong Asian cues; auto, banks rally")
PNB falls 13% from day's high level on disappointing Q2 results
The stock dipped 8% at Rs 68.20, falling 13% from intra-day high level of Rs 78.60 on the BSE, after the bank reported higher-than-expected net loss in September quarter at Rs 45.32 billion in Q2FY19.
 "PNB falls 13% from day's high level on disappointing Q2 results")
14 stocks gain over 30% in a week;PC Jeweller,Dhanlaxmi Bank surge over 60%
RCom, Adani Power, Bombay Dyeing, DB Realty, KEI Industries, Usha Martin and Kalpataru Power Transmission were among 14 stocks, rallied more than 30% during the current week.
 "14 stocks gain over 30% in a week;PC Jeweller,Dhanlaxmi Bank surge over 60%")
Fraud-hit Punjab National Bank logs 3rd straight quarterly loss at Rs 45 bn
The loss was much bigger than an estimated average loss of Rs 14.38 billion based on the views of 13 analysts
Demergers fail to unlock value; shareholders' wealth hit post-restructuring
Promoter selling, weak fundamentals have weighed on share prices in recent cases
 "Demergers fail to unlock value; shareholders' wealth hit post-restructuring")
IL&FS exposure only a sentiment dampener for IndusInd Bank
Certainty of at least a partial repayment gives hope to investors; concerns partly priced in
 "IL&FS exposure only a sentiment dampener for IndusInd Bank")
West Coast Paper Mills hits new high; stock zooms 117% in one year
Shares of West Coast Paper Mills have hit a new high of Rs 415, rallied 117% in past one year and 301% in two years, as compared to 4% and 27%, respectively, rise in the S&P BSE Sensex.
 "West Coast Paper Mills hits new high; stock zooms 117% in one year")
Sensex heads for best week since 2016 as tensions between govt, RBI ease
The benchmark S&P BSE Sensex climbed 1.2% to 34,841.20 as of 9:36 am in Mumbai, extending its weekly advance to 4.7%
 "Sensex heads for best week since 2016 as tensions between govt, RBI ease")
Paint, tyre, aviation stocks gain due to fall in crude oil prices
Asian Paints, Berger Paints, Shalimar Paints, Kansai Nerolac Paints, JK Tyre, SpiceJet, Jet Airways, Apollo Tyre, Balkrishna Industries and Ceat were trading more than 4% higher on the BSE
 "Paint, tyre, aviation stocks gain due to fall in crude oil prices")