Page 2818 - Markets News

Markets rally as rift between RBI, govt eases; global cues aid sentiment

Market players said the statement issued by the government to defuse the tension with the RBI had helped market sentiment

Today's picks: HCL to Tata Motors, hot stocks to watch on Thursday

Nifty, Bank Nifty, HCL Technologies, Tata Motors, Hero MotoCorp

L&T reports Q2 net profit at Rs 22 bn over write-back of doubtful debt

As on September 2018, L&T's total order book was at Rs 2.81 trillion, of which 22 per cent was from international orders

Bank of Baroda's strong Q2 results instills confidence in investors

Improvement in asset quality led by strong operational growth are key positives for shareholders

Challenging demand outlook may derail Tata Motor's JLR turnaround plan

The company, however, believes that new model launches and China revival will lead to a reversal in fortunes

APMC traders fear survival risk as Maharashtra de-notifies agri commodities

The government of Maharashtra had in past shifted APMC from Mumbai to Navi Mumbai ensuring all possible supports to traders and farmers there

BHEL announces Rs 16.28 bn buyback; should you tender your shares?

The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange (BSE).

Coal India share sale garners just Rs 42 bn, much less than govt's target

Institutional demand less than a third of the total issue size of Rs 148-bn

Investor wealth rises Rs 1.92 trillion today as as stocks make recovery

Investor sentiment turned positive after the Finance Ministry issued a statement to dampen concerns over a spat between the government and the RBI

Innovation, new launches are strong brew for Nestle, say Edelweiss analysts

Though management indicated input cost pressure, price hikes and cost efficiency should help protect margins

Market sentiment may take a hit again if Urjit Patel resigns, say analysts

Government officials have recently called for the RBI to relax its lending restrictions on some banks, and the government has also been trying to trim the RBI's regulatory powers.

MARKET WRAP: Sensex jumps 551 pts as govt assures RBI autonomy; HDFC up 6%

Nifty IT index settled 4.2 per cent higher led by gains in Tech Mahindra and Infosys. The Nifty Financial Services index too rose 2.3 per cent led by Indiabulls Housing Finance and HDFC

Financial stocks in focus; PNB Housing, DHFL, HDFC up over 5%

Indiabulls Housing, UCO Bank, JM Financial Services, Repco Home Finance, HDFC, IndusInd Bank, Edelweiss Financial Services and Bharat Financial Service were up more than 4%.

What ails Baba Ramdev's Patanjali Ayurved?

According to a recent IIFL report, sales of Patanjali products have halved from two year earlier levels.

Emami, Tata Global Beverages hit 52-week low post September quarter results

Tata Global Beverages slipped 9% to Rs 206, while Emami down 4.5% to Rs 386 on the BSE in intra-day trade.

Tech Mahindra gains 8% as margins impress in Q2

The stock moved higher by 8% to Rs 741 on the BSE after the company's Ebitda margins in September quarter expanded 240bps at 18.8%

NSE-SGX's Gift City foray unlikely soon

Delay of 12-18 months expected; stakeholders trying to reach consensus

Cummins India surges 14% as Q2 earnings beat estimates

The stock surged 14% to Rs 769 on the BSE after the company reported a better-than-expected 39% Y-o-Y jumped in net profit at Rs 2.12 billion in September quarter, on back of higher revenue.

Dr Reddy's slips 7% following 8 USFDA observations for Duvvada plant

The stock slipped 7% to Rs 2,425 on the BSE after the pharmaceutical company said US health regulator issued eight observations after inspecting its formulations plant at Duvvada, Visakhapatnam.

Coal India extends fall as share sale begins

The stock was down 4% to Rs 265, extending its previous day's 4% decline on the BSE after the company's OFS of its equity shares began at price of Rs 266 per share today.