Page 2854 - Markets News

TCS or Infosys: Which is a better bet post Q2 results?

While TCS maintained its broad-based performance across segments, Infosys made a good comeback after a weak Q1

India still has considerable wealth poverty, says Credit Suisse report

It pegs India's total wealth at $6 trillion with a mean wealth of $7,024 per adult in 2018-mid.

Equity, currency, commodity markets are closed today for Dussehera

On Wednesday, the S&P BSE Sensex lost 383 points or 1 per cent to settle at 34,780 while the broader Nifty50 index lost 132 points or 1.24 per cent to end at 10,453.

Even as all-India housing prices went up, Delhi saw a fall in Q1: RBI data

While Kochi recorded the highest surge of 41.2 per cent in the past one year, Kolkata saw the minimum year-on-year appreciation of 1.2 per cent in the first quarter

Share buyback likely to put additional burden on finances of PSUs

The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year

MFs purchase shares of private banks amid correction, offload tech

Among financial stocks, MFs offloaded Shriram Transport Finance, ICICI Lombard General Insurance, YES Bank, and HDFC Asset MF

High raw material prices, delay in hiking prices hit Havells' Q2 profit

High raw material prices, weak rupee and lag effect to pass on increased costs weighs margins

SuperTech default risk adds to HFCs' woes amid liquidity tightening worries

Besides SuperTech, a large Mumbai-based realty developer is also reported to be on the path to default

Credit growth in financial sector likely to moderate over IL&FS defaults

Credit Suisse, in a report on the Indian financial sector, said a credit crunch was looming

Rising yields, exposure to IL&FS' shrinking returns hit debt funds

Yields of 10-year government papers have surged 115 basis points to 7.91% , from 6.76% a year ago

Growth levers intact for steel players as rupee, firm demand support prices

Tata Steel, JSW Steel, SAIL and Jindal Steel to benefit from improving prices helped by better demand and rupee depreciation

Chase value rather than punt on growth

While most businesses will suffer an adverse reaction to the falling rupee, this could drive growth in IT and pharma

MARKET WRAP: Sensex, Nifty end over 1% lower; Indiabulls Housing tanks 13%

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8K Miles, Dilip Buildcon, Finolex Industries hit 52-week lows

8K Miles was trading at Rs 112, its lowest level since August 28, 2014, fallen 89% from its record high level of Rs 1,024, touched on November 29, 2017 on the BSE in intra-day trade.

Bharat Hotels, Spandana Sphoorty get Sebi's approval to float IPOs

With this, the total number of companies getting Sebi's clearance to launch initial share-sales has reached 60 so far this year

NIIT Technologies gains 6% on healthy Q2 results

The stock moved higher by 6% to Rs 1,214 after the company reported a strong 29% sequential growth in its consolidated net profit at Rs 1,167 million in Q2FY19.

Satyam scam: Sebi grants relief to 3 officials in modified order

According to Sebi's order issued on Tuesday, Srinivas and Ramkrishna have been barred from the securities market for seven years while the ban on Gupta is for four years

Infosys Q2 results: EBIT, status quo on guidance for FY19 worry analysts

In the presser following the announcement of the results, the company said large deal wins were strong during the period and several of its sectors are growing over 10 per cent YoY.

This is how the Modi govt is planning to meet the fiscal deficit target

Modi govt has asked state-run companies to raise Rs 200 bn through share buybacks

Stock calls by HDFC Securities for today: Buy Aurobindo Pharma, RBL Bank

Nifty outlook and top technical Calls by Vinay Rajani, Technical Analyst, HDFC Securities