Page 2865 - Markets News
Where to invest ahead of 2019 general elections? Morgan Stanley answers
It is unlikely that the market is as optimistic as it has been in the past going into the 2019 elections, Morgan Stanley says
 "Where to invest ahead of 2019 general elections? Morgan Stanley answers")
MARKET WRAP: Sensex up 347 pts; DHFL cracks 22%, YES Bank slips 2%
Among sectoral indices, the Nifty Bank index settled 1.4 per cent higher led by a rise in the shares of SBI and Axis Bank.
 "MARKET WRAP: Sensex up 347 pts; DHFL cracks 22%, YES Bank slips 2%")
YES Bank makes sharp U-turn; slips 17% from intraday high to hit 52-wk low
The board will decide the future course of action after the RBI curtailed the term of its MD and CEO Rana Kapoor and asked the bank to look for a replacement by January 2019.
 "YES Bank makes sharp U-turn; slips 17% from intraday high to hit 52-wk low")
Delay in action likely to freeze corporate bond market, say mutual funds
While investors were already nervous with some schemes' exposure to IL&FS papers, the recent sharp spike in yields of some highly-rated papers has added to their worries
 "Delay in action likely to freeze corporate bond market, say mutual funds")
OMCs, aviation stks drop as crude rises; IndiGo, Jet Airways hit 52-wk lows
Shares of Hindustan Petroleum (HPCL) was trading two and a half per cent lower at Rs 242 while those of Indian Oil was down 1 per cent at Rs 153.5.
 "OMCs, aviation stks drop as crude rises; IndiGo, Jet Airways hit 52-wk lows")
HCL Technologies hits record high; stock up 24% in three months
HCL Technologies hit a record high of Rs 1,125, up 2.6% in intra-day trade, surpassing its previous high of Rs 1,107 recorded on April 23, 2018, on the BSE.
 "HCL Technologies hits record high; stock up 24% in three months")
Auto index hits 52-wk low; Maruti Suzuki, Escorts down over 15% in 1-month
Escorts, Force Motors, Maharashtra Scooters, VST Tillers, Eicher Motors, Atul Auto, Amara Raja Batteries, Exide Ind, Motherson Sumi Systems and Minda Ind were down 10% to 28% in past one month.
 "Auto index hits 52-wk low; Maruti Suzuki, Escorts down over 15% in 1-month")
Brent crude crosses $80 as Opec rejects Trump's call for oil output boost
Oil has climbed since early August as speculation swirls over whether the OPEC and its allies will boost production, with sanctions on the Middle East nation's exports set to take effect in November
 "Brent crude crosses $80 as Opec rejects Trump's call for oil output boost")
NBFCs with shorter-tenure assets better placed to deal with margin worries
Worries over net interest margin (NIM) and balance sheet growth, amid expected challenges in funding growth at reasonable cost, are weighing on the stocks
 "NBFCs with shorter-tenure assets better placed to deal with margin worries")
Blackstone, Embassy file 1st REIT offer with Sebi, plan to mop up Rs 50 bn
REIT is an investment tool that owns and operates rent-yielding real estate assets
 "Blackstone, Embassy file 1st REIT offer with Sebi, plan to mop up Rs 50 bn")
Top trading calls by Anand Rathi Research for today: Buy Reliance, HCL Tech
Nifty outlook and top trading ideas by Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research
 "Top trading calls by Anand Rathi Research for today: Buy Reliance, HCL Tech")
Crude oil imports may be cut as price forecast put at $100 a barrel
Benchmark Brent crude oil futures surged 2% on Monday to over $80 a barrel
 "Crude oil imports may be cut as price forecast put at $100 a barrel")
Analysts see more downside for markets; remain selective on banks & NBFCs
Analysts say the markets have been caught in a contagion of a sell-off in banking and NBFC segments
 "Analysts see more downside for markets; remain selective on banks & NBFCs")
Sebi to review DHFL, YES Bank stocks over 'irregularities' in trading
Sebi is also ascertaining the links between the sudden downgrading and rumours about credit default in various financial institutions
 "Sebi to review DHFL, YES Bank stocks over 'irregularities' in trading")
RBI to conduct open market operations to infuse liquidity of Rs 100 billion
The purchase will happen through multi-security auction using the multiple price method
 "RBI to conduct open market operations to infuse liquidity of Rs 100 billion")
Credit concerns rattle stock mkts for 5th straight session, spook investors
NBFCs, trade tensions, crude oil drag benchmark indices down 1.5%, Nifty falls below 11,000
 "Credit concerns rattle stock mkts for 5th straight session, spook investors")
145 companies under Additional Surveillance Measure framework: BSE
Public sector enterprises and PSBs are excluded from the process of shortlisting of securities under the ASM framework
 "145 companies under Additional Surveillance Measure framework: BSE")
Crude may rise to $100 a barrel by 2019 due to sanctions on Iran: Merchants
Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the US sanctions against Iran by the end of the fourth quarter this year
 "Crude may rise to $100 a barrel by 2019 due to sanctions on Iran: Merchants")
Usha Martin deal expected to be positive for Tata Steel's earnings growth
Margins of acquired assets should improve; gains not at the cost of high leverage
 "Usha Martin deal expected to be positive for Tata Steel's earnings growth")
Maruti Suzuki slows down on volume and margin worries; stock falls
Brokerages have cut net profit estimates by up to 12 % over next few years
 "Maruti Suzuki slows down on volume and margin worries; stock falls")