Page 2813 - Markets News
Investor wealth soars over Rs 3 trillion as Sensex surges 718 points
On BSE, 1,815 stocks advanced, while 775 declined and 163 remained unchanged
 "Investor wealth soars over Rs 3 trillion as Sensex surges 718 points")
4 factors that fuelled Sensex's 700-point rally today
Broader market, too, participated in the rally with the S&P BSE MidCap and Small-Cap indices gaining 2.80 per cent and 2.06 per cent, respectively.
 "4 factors that fuelled Sensex's 700-point rally today")
Pain in aviation pack likely to continue; IndiGo remains top analysts' pick
On Wednesday, InterGlobe Aviation, which runs India's largest budget airline IndiGo, reported its first-ever quarterly loss of Rs 6.52 billion since its listing in November 2015.
 "Pain in aviation pack likely to continue; IndiGo remains top analysts' pick")
PCA rejig hope: Nifty PSU Bank index up 8 %; OBC, Canara Bank rally 13%
SBI, Bank of India, Indian Bank, Union Bank, Oriental Bank of Commerce, Bank of India, Union Bank of India, Punjab National Bank, Bank of Baroda and Syndicate Bank were up in the range of 6% to 12%.
 "PCA rejig hope: Nifty PSU Bank index up 8 %; OBC, Canara Bank rally 13%")
ICICI Bank surges 11% on better-than-expected Q2 results
Net interest income rose 12.4 per cent to Rs 64.18 billion in September 2018, compared with Rs 57.09 billion in the year-ago quarter.
 "ICICI Bank surges 11% on better-than-expected Q2 results")
MARKET WRAP: Sensex surges 718 pts, reclaims 34,000-mark; PSU banks rally
Nifty PSU Bank index post sharpest single-day gain in past one year, surging 8 per cent led by Oriental Bank of Commerce and Canara Bank.
 "MARKET WRAP: Sensex surges 718 pts, reclaims 34,000-mark; PSU banks rally")
Wockhardt up 13% after falling 33% in six weeks
The stock moved higher by 13% to Rs 503 on the BSE in intra-day trade on Monday, after hitting four-year low of Rs 437 on Friday.
 "Wockhardt up 13% after falling 33% in six weeks")
Wrong time to fight? RBI-govt dispute can further damage investor sentiment
If the standoff with the government gets any worse, a test of the central bank's dire warning could come soon
 "Wrong time to fight? RBI-govt dispute can further damage investor sentiment")
Paper stocks in focus on strong Q2 results; Seshasayee Paper surges 18%
Ballarpur Industries, JK Paper, West Coast Paper, Star Paper Mills and International Paper APPM were up in the range of 5% to 7%.
 "Paper stocks in focus on strong Q2 results; Seshasayee Paper surges 18%")
IndusInd Bank hits 17 month low; Bharat Financial touches 52-week low
IndusInd Bank slipped 5% to Rs 1,376, its lowest level since May 22, 2017, falling 32% from its record high level of Rs 2,038 touched on August 3, 2018.
 "IndusInd Bank hits 17 month low; Bharat Financial touches 52-week low")
Investors can either get overwhelmed and panic or hunt for opportunities
The marketmen latched on to the narrative that India did not prosper due to the misdeeds of the past government, but going ahead we should get back on track with the proposed reforms
 "Investors can either get overwhelmed and panic or hunt for opportunities")
Dr Reddy's gains 6% post September quarter results
The stock gained 6.5% to Rs 2,559 after the company reported a good operational performance in September quarter, on account of lower R&D, higher other income, financial income, and lower tax.
 "Dr Reddy's gains 6% post September quarter results")
Divi's Labs surges 14% on strong Q2 results; stock hits record high
The stock surged 14% to Rs 1,433 on the BSE in early morning trade on Monday, after reported a healthy 92% Y-o-Y jumped in net profit at Rs 3.98 billion in September quarter.
 "Divi's Labs surges 14% on strong Q2 results; stock hits record high")
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:
Q1 of CY19 will be a good time to buy, says Macquarie's Sandeep Bhatia
'The rupee is now at a level where it should be in terms of purchasing power and inflation differential versus the US'
 "Q1 of CY19 will be a good time to buy, says Macquarie's Sandeep Bhatia")
Modi and rupee's fate in lockstep? $730-bn sovereign bond market is worried
ING Bank NV has lowered its year-end forecast for rupee to 76.50 -- the most bearish in a Bloomberg survey -- citing political uncertainty ahead of state elections in December
 "Modi and rupee's fate in lockstep? $730-bn sovereign bond market is worried")
Time to buy good businesses
For the short term, gold or gold ETFs would be good options
 "Time to buy good businesses")
Corporate earnings: Why FY19 may be 11th straight year of missed estimates
High crude oil prices, interest rate hikes, dearer rupee, and elevated commodity prices to weigh on India Inc's profits
Street signs: PSB investors pin hopes on Q2, Ujjivan stock falls, and more
Traders rolled over their positions to November in PSBs with rollovers of 90% in Allahabad Bank, Bank of Baroda, Oriental Bank and Canara Bank ahead of their earnings
 "Street signs: PSB investors pin hopes on Q2, Ujjivan stock falls, and more")
FPIs take a shine to health care and IT services companies in Q2
Among IT stocks, Zensar Technologies (9.7 percentage points), HCL Technologies (1.8 percentage points) and L&T Infotech (1.6 percentage points) saw their holding rise the most in percentage terms
 "FPIs take a shine to health care and IT services companies in Q2")