Page 2833 - Markets News

MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%

Nifty IT index was the top loser of the day, falling 2.1 per cent weighed by HCL Technologies and Infosys. On the other hand, among gainers, the Nifty Metal index rose 1.3 per cent led by NMDC.

Escorts gains 10% on strong October sales

The stock moved higher by 10% to Rs 688 on the BSE after the company reported a healthy 28.8% Y-o-Y growth in total tractor sales at 13,140 units in October.

Adani Power hits 52-week high post Q2 results; stock soars 45% in one week

The stock hit a 52-week high of Rs 47.85, more than doubled from Rs 23.85 as on September 28, 2018, against 5% decline in the Sensex.

United Spirits surges 8% on strong September quarter results

The stock surged 8% to Rs 620, extending its past three days 11% gain on the BSE.

There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty

Indian markets have faced a perfect storm over the last few months, driven by a slew of global and domestic factors, says CEO of Mirae Asset Management

Kalpataru Power rallies 11% on post Q2 results

The stock rallied 11% to Rs 360 on the BSE in early morning trade after the company reported 28% Y-o-Y jumped in its standalone net profit at Rs 914 million in September quarter.

Markets remain on edge as the rift between govt and RBI plays out

The rupee pared some losses after the finance ministry clarified that the autonomy of the central bank is an essential and accepted govt requirement

The RBI-govt rift adds to concerns in already bleeding Indian markets

Relations between the two have deteriorated in recent months, with the government unhappy with the central bank's interest rate policy ahead of an election early next year

Larsen & Toubro gains 6% as Q2 profit beats estimate

The stock was up 6% to Rs 1,379 on the BSE in early morning trade after the company reported 23% Y-o-Y jumped in its consolidated net profit at Rs 22.30 billion in September quarter.

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.

First-ever EOW-administered repaymment to NSEL investors effected

EOW plans repayment of another Rs one bn in next two months

Auto numbers have a story to tell

In June 2017, carmakers cut down production due to the provision, that GST would not be available for left-over stock

Going against spirit of law, taxmen deny grandfathering benefit to FPIs

Nil withholding certificates not issued to investors from Mauritius, Singapore for shares bought before April 1, 2017

Aluminium heading for a 5% loss on the month, nears 15-month low

Other metals also pulled back, with nickel hitting multi-month lows and zinc and lead dropping to their lowest in weeks

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