Page 3002 - Markets News

MARKET WRAP: Global cues, K'taka result drag Sensex 156 pts; PNB down 12%

Benchmark indices fell on Wednesday on doubts over the composition of the next government in Karnataka

Jyothy Laboratories gains 7% as board approves 1:1 bonus issue

The stock moved higher by 7% to Rs 398 after the company said the board has recommended issue of bonus shares in the ratio of 1:1 i.e. one bonus share for every one share held on the record date.

FMCG shares in focus; HUL hits new high, ITC up 2% post Q4 results

HUL, P&G Hygiene, Britannia Industries, Colgate-Palmolive, Jubilant FoodWorks, Dabur India and Marico were up in the range of 1% to 4% in otherwise weak market

V-Mart Retail hits new high; stock zooms 1400% in 5 years

The stock hit a new high of Rs 2,405, zoomed 1403% in past five years from Rs 160 against 76% surge in the S&P BSE Sensex.

Q4 results: Tata Communications performance yet to match estimates

Street will await consistent improvement in margins to re-rate stock

Timely RBI intervention can help cap rupee slide at 72 levels: Nizam Idris

A steady rise in crude oil prices and the possibility of rate hikes by the US Federal Reserve pushed the rupee to a 16-month low on Wednesday

Indiabulls Real Estate surges 9% as board mulls share buyback

The stock surged 9% to Rs 202 in otherwise weak market after the company said its board will meet on Friday, May 18, 2018, to consider the proposal of buy-back of equity shares of the Company.

ADAG shares hit 52-week lows; RCom falls 14%

Reliance Naval, Reliance Nippon Life, Reliance Home Finance, Reliance Capital, Reliance Power and Reliance Infra were down in the range of 2% to 6%, trading at their respective 52-week lows on the BSE

PSBs under pressure; PNB, Syndicate, Allahabad Bank, OBC hit 52-week low

Nifty PSU Bank index, the largest loser among sectoral indices, was down 2% as compared to 0.44% decline in the Nifty 50 index at 09:26 am

Mainland China shares make it to New York-based MSCI

The increase, however, will come at the cost of other markets

Equities have not peaked yet and rally may continue beyond 2019: BofA-ML

Fund managers said they had six per cent overweight allocation to commodities

Sensex swings 500 points on Karnataka verdict; rupee weakens to 68

The index had soared to a fresh three-month high of 35,994 as early trends showed the BJP was set for a clear majority in the 224-member Karnataka Assembly

Nifty Outlook and top trading ideas by HDFC securities for today

Nifty outlook and technical calls by Nandish Shah, Technical & Derivatives Analyst, HDFC Securities

Top trading ideas from Prabhudas Lilladher: Buy JSW Energy, Man Inds

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.

Lupin slips to a Rs 7.8 bn loss in Q4 on one-time impairment provisions

Lupin plans to overcome some of this with new product launches; in US it has launched 11 new products in the March quarter

Bonds, rupee lose big as RBI decides to stay clear

Even as the Karnataka election outcome showed no clear victory for either the BJP or the Congress, market participants blamed the RBI's inaction for the losses

FPIs pump in $2.2 bn into markets in March on promising economic numbers

However, FPIs' contribution to the equity market capitalisation remained unchanged from the previous quarter at 19 per cent.

MARKET WRAP: Cong-JD(S) alliance buzz in Karnataka keeps sentiment in check

The markets pared gains to turn flat on reports of Congress-JD(S) alliance in Karnataka

Mphasis rallies 10% on FPIs stake buys from Blackstone

The stock rallied 10% to Rs 1,080 on the NSE in late noon deal

MF industry stares at worst ever churn as high-profile exits loom

Most of the fund houses are yet to officially confirm these departures