Page 2859 - Markets News

Sensex, Nifty close on positive note; market breaks three-day losing streak

The Sensex swung over 660 points both ways on alternate bouts of selling and buying

Sebi revises norms to be followed for recovery of investors' money

The norms would be applicable in relation to recovery of disgorgement amount ordered by the markets regulator

Mutual funds AUM drops 12.5% to 22 trn in Sept-end on massive outflow

The monthly drop in the asset base is mainly due to an outflow of Rs 2.3 trillion from mutual fund schemes

Apollo Tyres hits fresh 52-week low; analysts see more downside

Analysts say the move is a step in the right direction for improving corporate governance standards in India.

Aavas Financiers makes weak debut; lists 9% below its issue price

The stock listed at Rs 750, a 9% below its issue price of Rs 821 on the National Stock Exchange.

Is Aavas Financiers a buy post listing at discount? Here's what experts say

The company's public offer saw a tepid response as the IPO received an overall subscription of 97 per cent, with only (qualified institutional buyers (QIBs) portion getting 2.77 times subscription.

MARKET WRAP: Sensex rises 97 pts, Nifty settles at 10,348 as banks rally

Among sectoral indices, the Nifty Bank index settled 0.7 per cent higher led by a rise in YES Bank and State Bank of India (SBI).

NBFCs under pressure; DHFL, Edelweiss Financial fall over 10%

DHFL, JM Financial, Edelweiss Financial, Centrum Capital, Repco Home Finance, Reliance Home Finance, Aditya Birla Money and Indiabulls Ventures were down 5% to 11% on the BSE.

BSE Auto index hits 21-month low; Bajaj Auto, TVS Motor at 52-week low

The S&P BSE Auto index hit its lowest level since 27 December 2016, has fallen 20% since September 2018, as compared to 11% decline in the S&P BSE Sensex.

NBFCs face higher borrowing costs, slowing profitability, say analysts

Bank lending to NBFCs has grown by 44% , year on year, from Rs 3.4 trn as of August 2017 to Rs 4.9 trn as of August this year

OMCs recover after two-day sell-off; HPCL jumps 6%, IOCL, Gail gain 4% each

MK Surana, chairman and MD of HPCL, said there is no permanent shift in the government policy and the current move is only a short-term intervention to cool off consumer prices.

Q2FY19 preview: NBFCs' medium-term challenges to stay; not yet time for buy

Asset quality for NBFCs has so far been under control, but a sharp rise in interest can start having some issues with interest servicing capability of borrowers

YES Bank gains 5% as bank names experts to look for new managing director

The stock was up over 5% at Rs 218, gaining 18% in past one week.

IL&FS group shares locked in lower circuit; ITNL, IL&FS Engg fall 10%

IL&FS Engineering and IL&FS Transportation Networks are frozen 10% lower circuits at Rs 22.70 and Rs 27.25, respectively, while IL&FS Investment Managers down 5% at Rs 9.81 on the BSE.

Rupee falls 14 paise to 73.9; dollar's strength weighs on global currencies

Forex dealers said the dollar's strength against major global currencies weighed on the rupee sentiment

How India lost 'best-performing stock mkt in Asia' tag in less than a month

Volatility in Indian stocks started spiking at the end of August and hit on Friday its highest level since February

New FPI route will appeal to long-term debt investors, says experts

Investments will be over and above existing limits set for govt, corporate bonds

Don't rush to invest: Good Q2 results may help improve sentiment

In financial markets, reflexivity arises when investors see that prices are going up and hence, they start buying, thus driving prices up even further

The exchange rate is the shock absorber

We should liberalise debt flows so that a larger change in capital flows is obtained by a small exchange rate change

IL&FS effect: Tighter regulations may force smaller NBFCs to shut

A spate of money market defaults by IL&FS has put the spotlight on non-bank finance companies