Page 2819 - Markets News

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.

Stock calls by HDFC Securities for today: Buy Wipro, PFC

Nifty outlook and technical calls by Vinay Rajani, Senior Technical Analyst at HDFC Securities

Buy UPL for a target of Rs 715, SL of Rs 585: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher

Forex brokerage firms are staring into an abyss, fighting to survive

Today, the number of forex brokerage firms stand at about 15 - down from 40 five years ago and from 125 in 1998

Sebi not in favour of NSE-MCX merger due to co-location controversy

Both the exchanges had prepared an initial merger proposal and had even appointed the investment bankers for the transaction

Sebi cautions investors against dealing with foreign trading portals

Sebi said investors dealing with recognised stock exchanges in India have the options such as dispute resolution mechanism and investor grievance redressal mechanism

Emami stock: Management sees margin pressure amid a decline in net profit

While Q2 revenue growth was flat and net profit declined 16%, management has indicated margin pressure in near term