Page 2917 - Markets News

ACC Q2 net profit flat at Rs 3.29 bn as macro headwinds continue

Revenue from operations in June quarter of FY2019 at Rs 38.48 billion, 3% lower from Rs 39.58 billion reported in the same quarter a year back

Today's picks: From Bajaj Auto to ITC, hot stocks to watch on Tuesday

Bajaj Auto, PowerGrid, ITC, Nifty and Bank Nifty

Street cheers L&T Finance's clean-up act; net interest income up 51%

Net interest income up 51 per cent, net profit rises 71 per cent in first quarter

Investment in P-notes plunges to more than 9-year low of Rs 836.88 bn

This is the lowest level since April 2009 when the cumulative value of such investments stood at Rs 723.14 billion

Hero MotoCorp to TVS, two-wheeler stocks skid as margin pressure weighs

Situation similar to FY2004-07, when volume growth was strong but profitability slid

Sensex hits new high, Nifty settles at 11,085 on GST cuts and trust vote

Positive start to the earnings season also supported momentum and helped defy subdued global cues

GST rate cut triggers rally in footwear, paint, consumer durable stocks

The recent move to cut rates, analysts say, should help boost sales, particularly in the consumer durable segment over the next few months

Stock ideas for today: ICICI Bank, Jindal Steel and Power

Nifty outlook and trading ideas from Vaishali Parekh, technical analyst at Prabhudas Lilladher

Singapore likely to ease regime to allow routing of offshore funds

Move may accelerate migration of offshore funds from high-risk jurisdictions such as Mauritius and Cayman Islands to Singapore

BSE, NSE put detailed framework in place for enhanced monitoring of cos

Further, the exchanges said securities with a full market capitalisation of less than Rs 250 million can be directly included under GSM stage I

L&T Finance Holdings rallies 11% on strong Q1 earnings

The stock rallied 11% to Rs 172 after the company reported a healthy 71% yoy growth in consolidated net profit at Rs 5.38 billion driven by strong AUM growth and flat credit costs in June 2018 quarter

MARKET WRAP: Sensex hits new high; Nifty at highest level since February 01

Among sectoral indices, the Nifty FMCG index gained nearly 2.5%, led by a rise in the share prices of Godrej Consumer Products and ITC.

PSU banks rebound from day's low post Vijaya Bank's Q1 results

SBI, Bank of Baroda, Vijaya Bank, Bank of India, Canara Bank, Union Bank of India, Oriental Bank, PNB, Indian Bank, Syndicate Bank and Allahabad Bank were up more than 1% on the NSE.

Investors focus on long-dated options as 2019 election draw near

While call options benefit buyers if the market rises, buying put options acts like insurance for their portfolio

Experts recommend investing in equities in India as elections 2019 approach

Investors might hope for a repeat of the 2004 election when it comes to the impact on equities. The Sensex saw a 113 percent advance over the two years through March 2005

Investors worried PM Modi may sacrifice fiscal prudence ahead of 2019 polls

Foreign investors have this year pulled $4.4 billion from India, including $2.8 billion in May alone amid rising inflation and oil prices

UPL surges 15% after Arysta deal; analysts see more upside for the stock

The stock surged 15% to Rs 631 after the company announced the acquisition of Arysta LifeScience - the agrochemical business of US-based Platform Chemicals - for a consideration of US $ 4.2 billion.

Sensex may trade at 36K by June 2019 on poor poll outcome: Morgan Stanley

Last week, the Sensex had hit an all-time high of 36,548.41, while the broader Nifty also reclaimed the 11,000-mark, touching a high of 11,078.30

Asian Paints, Havells India, Bata India, Bajaj Finance, HEG hit new high

Bajaj Finserv, Berger Paints, Graphite India, Relaxo Footwear and Procter & Gamble Hygiene & Healthcare from the S&P BSE 500 index hit record highs on Monday.

South Indian Bank tanks 18% on weak Q1 results

The stock tanked 18% to Rs 18.45, also its 52-week low on the BSE, after the private sector lender reported a sharp 77% year on year decline in its net profit at Rs 230 million in June quarter.