Page 3004 - Markets News
Caution ahead of Karnataka election results, inflation keep equities flat
Sector-wise, the S&P BSE banking index inched up by 50.19 points, oil and gas stocks rose by 22.26 points and the finance stocks ended marginally higher by 2.40 points
 "Caution ahead of Karnataka election results, inflation keep equities flat")
RBI may go for 3 rate hikes from Dec qtr: Morgan Stanley Report
As the economy enters into a full-fledged recovery, it is expect for the central bank to embark on a shallow rate hike cycle beginning October-December of 2018
 "RBI may go for 3 rate hikes from Dec qtr: Morgan Stanley Report")
GDP growth to rise to 7.7% y-o-y in Q1 from 7.2%, says Nomura Report
The report further noted that India is expected to witness cyclical recovery led by both investment and consumption
 "GDP growth to rise to 7.7% y-o-y in Q1 from 7.2%, says Nomura Report")
MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome
The markets ended flat ahead of Karnataka election outcome
 "MARKETS ON MONDAY: Sensex, Nifty end flat ahead of Karnataka poll outcome")
HDFC Standard Life hits new high; stock zooms 89% against issue price
The stock hit a new high of Rs 547, up 5% on the BSE in intra-day trade in otherwise subdued market
 "HDFC Standard Life hits new high; stock zooms 89% against issue price")
HUL Q4FY18 results preview: Rise in rural demand to aid performance
In the previous quarter (Q3FY18), the company, reported 28% year-on-year (YoY) rise in net profit at Rs 13.26 billion
 "HUL Q4FY18 results preview: Rise in rural demand to aid performance")
Edelweiss Financial nears record high; stock up 15% in one month
The stock rallied 6% to Rs 305, trading close to its all-time high of Rs 309 recorded on November 3, 2017 on the BSE, in otherwise range-bound market on Monday
 "Edelweiss Financial nears record high; stock up 15% in one month")
RBI's cash infusion not enough to cheer market, arrest Rupee's slide
The nation's foreign-exchange reserves have declined by almost $6 billion in the last two weeks, a sign the RBI intervened to support the rupee
Mid, Small-cap stocks under pressure; 68 scrips hit 52-week low
Dena Bank, Oriental Bank, IDFC Bank, IFCI, UCO Bank, Anant Raj Ind, Atlanta, HDIL, HCC, Reliance Capital and Reliance Power were among 68 stocks hit 52-week lows today.
 "Mid, Small-cap stocks under pressure; 68 scrips hit 52-week low")
Parag Milk Foods hits 52-week high post Q4 results
The stock hit a 52-week high of Rs 327, up 7% on the BSE in intra-day trade, after the company reported 18% YoY growth in its consolidated net profit at Rs 262 million in March quarter.
 "Parag Milk Foods hits 52-week high post Q4 results")
Mphasis rebounds 5% from day's low post block deals
The stock was trading 2.2% higher at Rs 1,010, bouncing back 5% from early morning low of Rs 960 touched on the NSE after nearly 8% of total equity of IT company changed hands via block deals.
 "Mphasis rebounds 5% from day's low post block deals")
Graphite India gains 5% on seven-fold jump in Q4 net profit
The company reported net profit at Rs 4.54 billion in Q4FY18 against Rs 620 million in Q4FY17 driven by improved realization and higher capacity utilization.
 "Graphite India gains 5% on seven-fold jump in Q4 net profit")
Sun TV surges 12% on strong operational performance in Q4
surged 12% to Rs 966 on the BSE in early morning trade after the EBITDA margin improved 530 bps to 72.9% in Q4FY18 from 67.6% in Q4FY17
 "Sun TV surges 12% on strong operational performance in Q4")
Stop worrying about politics and the political outcome: Shankar Sharma
Between the monsoons and oil, our whole economy swings, and the course of policy is decided, says vice chairman and Joint MD of First Global
 "Stop worrying about politics and the political outcome: Shankar Sharma")
Asian Paints hits all-time high post Q4 results
The stock hit an all-time high of Rs 1,279, up 5% on the BSE in early morning trade, surpassed its previous high of Rs 1,261 touched on September 14, 2017 on the BSE in intra-day trade
 "Asian Paints hits all-time high post Q4 results")
From MRF to Shree Cement, here are Dalal Street's wealth-creating machines
23 companies from consumer-facing businesses have given over 30% compounded returns over past 15 years
 "From MRF to Shree Cement, here are Dalal Street's wealth-creating machines")
Sebi, stock exchanges to step up vigilance on eve of results
Similar additional safeguards have been effectively used during polls in Gujarat, Uttar Pradesh and other states in the recent past as well as the time of 2014 general elections
 "Sebi, stock exchanges to step up vigilance on eve of results")
Nifty outlook and top trading ideas from Prabhudas Lilladher for today
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
 "Nifty outlook and top trading ideas from Prabhudas Lilladher for today")
Market mind: Many stories in March quarter results
The sugar season of 2017-18 produced India's highest ever sugar output; the molasses generated was more than the corresponding downstream distillery capacity
Commodity Picks: 14 May 2018
During the coming days, prices of chana are expected to head towards Rs 3,600 per quintal
 "Commodity Picks: 14 May 2018")