Page 2829 - Markets News
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")
IGL extends gain on plan to take over the natural gas supply in Gurugram
The stock rallied 6% to Rs 297, extending its 11% rally in past two days after the company agreed to take over the supply of natural gas in Gurugram district from Haryana City Gas Distribution.
 "IGL extends gain on plan to take over the natural gas supply in Gurugram")
'Economy is facing several pools of uncertainty'
Looking forward, it does appear that GDP growth will move towards the 7.5% mark with a downside risk in case the present liquidity crunch affects prospective investment.
 "'Economy is facing several pools of uncertainty'")
Commodity outlook by Tradebulls Securities: Sell crude oil, copper
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
 "Commodity outlook by Tradebulls Securities: Sell crude oil, copper")
Non-ETFs pull $1 bn out of India in Sep; global emerging market funds fall
IT and healthcare sectors saw the most buying interest with inflows of $774 mn and $194 mn, respectively
 "Non-ETFs pull $1 bn out of India in Sep; global emerging market funds fall")
Derivative strategy on ICICI Prudential by HDFC Securities
Derivative strategy on ICICI Pru by Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities
 "Derivative strategy on ICICI Prudential by HDFC Securities")
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")
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'")