Page 2809 - Markets News
Vedanta's earnings disappointment a blip, analysts see better days ahead
A sustained high dividend yield and balance sheet strength are sweeteners
 "Vedanta's earnings disappointment a blip, analysts see better days ahead")
HDFC: Q2 operationally in line, one-off gains offset by credit loss
While expected credit loss was due to IL&FS, the company created additional buffer out of exceptional income
 "HDFC: Q2 operationally in line, one-off gains offset by credit loss")
'Investors may get an opportunity to buy banks, NBFCs at lower levels'
Saravana Kumar, chief investment officer at LIC Mutual Fund tells Puneet Wadhwa that investors should focus on large-cap schemes in these uncertain times
 "'Investors may get an opportunity to buy banks, NBFCs at lower levels'")
Gold demand jumps 10% in Q2, but the festive season may not be that rosy
The seasonal spike in demand could be moderate this Dhanteras-Diwali due to factors like a lack of liquidity, rising gold prices and impending elections
 "Gold demand jumps 10% in Q2, but the festive season may not be that rosy")
Thanks to refining industry, unrefined gold import surges to a new high
Post GST implementation refining disparities have nullified and industry is actively pursuing global gold mines to ensure enough supplies
European Union may widen scope of testing for Indian marine products
The outcome of the EU's audit was discussed at two standing committee meetings of the European Commission last month
 "European Union may widen scope of testing for Indian marine products")
Coal India gets Rs 16.5 billion from retail investors, stock falls 2%
Bids for 61.91 million shares were received from individual investors, as against the base issue size of 39.6 million
 "Coal India gets Rs 16.5 billion from retail investors, stock falls 2%")
UPI-based payments for IPOs from Jan 1, 2019 in a three-phased manner
The move will help reduce the time period between closing of an initial public offering (IPO) and listing of the security from six working days to just three working days
 "UPI-based payments for IPOs from Jan 1, 2019 in a three-phased manner")
Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 50 bn
On top of the 3 per cent stake sale, the government also has an option to retain an over-subscription of another 6 per cent stake in the CIL OFS
 "Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 50 bn")
Global market cues, festive season push Gold price to Rs 32,780 per 10 g
Globally, gold rose 0.82 per cent to $1,225.10 an ounce in Singapore
 "Global market cues, festive season push Gold price to Rs 32,780 per 10 g")
MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%
Nifty IT index was the top loser of the day, falling 2.1 per cent weighed by HCL Technologies and Infosys. On the other hand, among gainers, the Nifty Metal index rose 1.3 per cent led by NMDC.
 "MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%")
Escorts gains 10% on strong October sales
The stock moved higher by 10% to Rs 688 on the BSE after the company reported a healthy 28.8% Y-o-Y growth in total tractor sales at 13,140 units in October.
 "Escorts gains 10% on strong October sales")
Adani Power hits 52-week high post Q2 results; stock soars 45% in one week
The stock hit a 52-week high of Rs 47.85, more than doubled from Rs 23.85 as on September 28, 2018, against 5% decline in the Sensex.
 "Adani Power hits 52-week high post Q2 results; stock soars 45% in one week")
United Spirits surges 8% on strong September quarter results
The stock surged 8% to Rs 620, extending its past three days 11% gain on the BSE.
 "United Spirits surges 8% on strong September quarter results")
There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty
Indian markets have faced a perfect storm over the last few months, driven by a slew of global and domestic factors, says CEO of Mirae Asset Management
 "There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty")
Kalpataru Power rallies 11% on post Q2 results
The stock rallied 11% to Rs 360 on the BSE in early morning trade after the company reported 28% Y-o-Y jumped in its standalone net profit at Rs 914 million in September quarter.
 "Kalpataru Power rallies 11% on post Q2 results")
Markets remain on edge as the rift between govt and RBI plays out
The rupee pared some losses after the finance ministry clarified that the autonomy of the central bank is an essential and accepted govt requirement
 "Markets remain on edge as the rift between govt and RBI plays out")
The RBI-govt rift adds to concerns in already bleeding Indian markets
Relations between the two have deteriorated in recent months, with the government unhappy with the central bank's interest rate policy ahead of an election early next year
 "The RBI-govt rift adds to concerns in already bleeding Indian markets")
Larsen & Toubro gains 6% as Q2 profit beats estimate
The stock was up 6% to Rs 1,379 on the BSE in early morning trade after the company reported 23% Y-o-Y jumped in its consolidated net profit at Rs 22.30 billion in September quarter.
 "Larsen & Toubro gains 6% as Q2 profit beats estimate")
Nifty outlook and top trading ideas by Prabhudas Lilladher for today
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher.
 "Nifty outlook and top trading ideas by Prabhudas Lilladher for today")