Page 2840 - Markets News
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'")
Gold demand jumps 10% in Q2, but the festive season may not be that rosy
The seasonal spike in demand could be moderate this Dhanteras-Diwali due to factors like a lack of liquidity, rising gold prices and impending elections
 "Gold demand jumps 10% in Q2, but the festive season may not be that rosy")
Thanks to refining industry, unrefined gold import surges to a new high
Post GST implementation refining disparities have nullified and industry is actively pursuing global gold mines to ensure enough supplies
European Union may widen scope of testing for Indian marine products
The outcome of the EU's audit was discussed at two standing committee meetings of the European Commission last month
 "European Union may widen scope of testing for Indian marine products")
Coal India gets Rs 16.5 billion from retail investors, stock falls 2%
Bids for 61.91 million shares were received from individual investors, as against the base issue size of 39.6 million
 "Coal India gets Rs 16.5 billion from retail investors, stock falls 2%")
UPI-based payments for IPOs from Jan 1, 2019 in a three-phased manner
The move will help reduce the time period between closing of an initial public offering (IPO) and listing of the security from six working days to just three working days
 "UPI-based payments for IPOs from Jan 1, 2019 in a three-phased manner")
Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 50 bn
On top of the 3 per cent stake sale, the government also has an option to retain an over-subscription of another 6 per cent stake in the CIL OFS
 "Govt's 3% share sale in Coal India over-subscribed; to fetch Rs 50 bn")
Global market cues, festive season push Gold price to Rs 32,780 per 10 g
Globally, gold rose 0.82 per cent to $1,225.10 an ounce in Singapore
 "Global market cues, festive season push Gold price to Rs 32,780 per 10 g")
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.
 "MARKET WRAP: Indices end flat, Nifty at 10,380; YES Bank rallies 9%")