Page 3017 - Markets News

Party in mid-cap IT stocks to continue: MindTree, Zensar gain of over 35%

The bigger investment argument for the mid-cap IT firms is the change in demand environment, which is reflected in deal pipelines, the higher share of digital revenues and size of the contracts

Venezuela offers India 30% discount on crude but with cryptocurrency rider

Offers 30% discount on crude oil purchases made in Petro

RBI removes minimum maturity cap for FPI investment in bond market

In case of corporate bonds, the minimum residual maturity will be one year now, relaxed from three years earlier

Has LTCG tipped the balance in favour of Ulips?

In a toss-up between mutual funds and Ulips, the latter seems to be gaining the edge

IT, FMCG, auto, metal stocks gain in Sensex's 2,400-pt rally since March'18

Analysts say the surge in IT, auto and FMCG stocks were led by investors seeking safety against the market volatility arising from global trade war fears and rising bond yields

BSE chairman among those named in CBI FIR for Rs 6-billion loan fraud

The officials whose residences were searched today included Amita Narayan, R K Bansal, S K Srinivasan, R S Vidyasagar, Bharat Pal Singh and Medha Joshi, the head of the Risk unit

Changes might show results, but IndiGo may still miss 'Captain Ghosh'

Ghosh was swift to respond to the role and kept things at IndiGo running with a few elementary guidelines - low cost, on time, efficiency

RBI eases rules for foreign investors, lifts 3-yr cap on bond investments

Move follows weak interest in two recent auctions that saw a spike in sovereign debt yields

Bank rally lifts markets to three-month high; Sensex, Nifty climb over 7%

Most global markets traded in the green on Friday after the yield on 10-year US Treasury softened to 2.97

Retailers manually adjusting transactions to meet DBT requirement: Survey

Farmers are required to authenticate through their Aadhaar numbers every time a bag of fertiliser is purchased

NPA pain nearing end, beaten-down valuations boost Axis Bank stock over 12%

But, it will take a couple of quarters for earnings to improve and credit cost to normalise

Maruti: One-offs take shine off top line; volume outlook remains strong

While overall sales are robust, margins-which came in at 14.2 per cent-were over 150 basis points lower than analysts' estimates, given a sharp rise in other operating expenses

The curiously persistent rise in inter-scheme transfers of debt securities

MFs transferred over a trillion rupees worth of paper between schemes last year

MARKETS ON FRIDAY: Sensex hits 35k intraday; trims gains to end 256 pts up

Sensex hits 35,000 levels in intraday trade, led by gains in banking stocks. In corporate results, Maruti reported FY18 net at Rs 77.21 billion. Stock ended 1.9% lower at Rs 8,778 levels

PC Jeweller tanks 46% in three days despite clarification on price fall

The stock tanked 34% to Rs 157, its fresh 52-week low on the BSE in intra-day trade on Friday.

Maruti Suzuki falls 5% from day's high post Q4 results

The stock dipped 2.5% to Rs 8,721, falling 5% from its intra-day high of Rs 9,142 on the BSE.

PSU banks rally; Nifty PSU Bank index up 5%

SBI, BOB, Oriental Bank of Commerce, Union Bank of India, Andhra Bank, Bank of India, Canara Bank and Allahabad Bank were up in the range of 5% to 7% on the NSE.

HIL surges 9% as Q4 profit rises more than double

HIL reported a net profit of Rs 200 million in March quarter against Rs 70 million in year ago quarter.

Axis Bank rises 5% despite weak Q4 results

The stock was up 5% to Rs 522 on expectation of sustained ROA expansion over the next 24 months to drive a multiple expansion as asset quality distractions recede.

Motilal Oswal expects Maruti to hit Rs 14,000; here's Q4FY18 results preview

For Maruti Suzuki Q4FY18 results, analysts expect the earnings upgrade cycle for Maruti to continue in FY19 as well, driven by higher volumes and margins. Check Maruti Suzuki Q418 results