Page 2830 - Markets News

Oil prices soften after US grants Iran sanction waivers to eight importers

Traders said prices have been coming under pressure since it became clear that Washington was allowing several countries to continue importing crude from Iran despite the sanctions

FinMin eyes Rs 80 bn through CPSE ETF, issue likely by November-end

The ministry is in the process of rejigging the companies in the ETF and will include four new CPSEs after removing three existing companies

KEI Industries up 25% in three days on healthy Q2 results

In the past nine trading days, KEI Industries outperformed the market by surging 52%, as compared to 3% rise in the S&P BSE Sensex.

Earnings preview: SBI Q2 profit may fall 80%; provisions to remain elevated

The bank's domestic loan growth is likely to improve (but below industry average), driven by retail loans and some corporate lending. However, international book is expected to decline.

'See a bright future for markets in Samvat 2075 amid the current gloom'

Amidst this gloom, we stick our neck out and see the Nifty at 12,800 levels by Samvat 2075-end, says V K Sharma of HDFC Securities

Worst rout of sovereign bonds in 7 years may end with RBI's Rs 860 bn binge

The purchases have coincided with a rapid cooling in oil prices that helped drive the yearlong selloff in bonds, the worst run of quarterly losses since 2011

Venky's India slips 10% on disappointing Q2 results

The stock slipped 10% to Rs 2,541 after the company reported 80% drop in profit at Rs 55 million, due to lower realizations from the sale of grown-up broilers and broiler day-old chicks.

'After underperformance, gold is now witnessing the start of next bull run'

We expect that lack of global cues could keep volatility low for gold, but on domestic bourses, prices could continue to gain on weakness in rupee.

Axis Bank extends gain on strong Q2 results; stock surges 18% in 6 days

Axis Bank was up 4% to Rs 633, the largest gainer among Nifty50 and the S&P BSE Sensex index, at 10:40 am.

Adani Gas up 5% on stock market debut

The stock is locked in upper circuit of 5% at Rs 73.70 on debut on the BSE on Monday.

Sun TV Network dips 6% on mixed September quarter results

The stock dipped 6% to Rs 622 on the BSE in early morning trade after the company reported a mixed operating performance in September quarter with a miss on revenue but a beat on margins and profit.

Short-term outlook for market looks positive; Buy Axis Bank, Granules India

The short-term outlook for the market remains positive till Nifty trades above 9950 levels and expecting targets in the range of 11100-11400 levels in short-term

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

US sanctions on Iran to rattle oil markets; Saudi readies to boost supplies

The US will from tomorrow target buyers of Iranian oil in order to deprive Tehran of its main source of income

Proposals on H1-B visa pose a threat for IT firms' margins, say experts

Lofty valuations, coupled with the poor performance by smaller-sized IT firms, has dampened investor sentiment

Street signs: Shorts build up in SBI, insurers use fall to nibble on stocks

Insurance companies seem to have used the recent correction to buy shares

India Inc's Sept quarter earnings a mixed bag: Here're the hits and misses

Overall, the aggregate Nifty companies' earnings estimates for 2018-19 has been lowered by around 3% to Rs 528

From Jubilant FoodWorks to Westlife Development, fast food delivers growth

One is the intense competition from food-technology applications such as Swiggy and Zomato

Steepest outflow in 2 years: FPIs pull out Rs 389 bn in Oct on oil, rupee

Further, upcoming elections in India and escalating trade war tensions between the US and China too blemished the outlook of equities in emerging markets like India

Govt plans to sell up to 25% stake in TCIL via IPO in Jan-March quarter

The government has raised over Rs 150 billion so far this fiscal through PSU disinvestment