Page 3034 - Markets News

Karda Constructions makes weak debut; ends 20% below issue price

The stock listed at Rs 136, 24% lower against issue price of Rs 180 per share, on the NSE and BSE.

Sandhar Techno ends 2% lower from issue price

The stock listed at Rs 346, up 4% against its issue price of Rs 332 per share on the National Stock Exchange.

MARKETS ON MONDAY: Sensex ends 286 pts higher, Nifty reclaims 10,200

All that happened in the markets today

Govt plans 2nd tranche of Bharat-22 ETF; sets target of raising Rs 800 bn

ICICI Prudential Mutual Fund, which is managing the ETF, filed draft papers for a follow-on offer with Sebi

Auto shares on top gear post March sales

TVS Motor Company, Motherson Sumi Systems, Bosch, Tata Motors, Bharat Forge, Hero MotoCorp, Exide Industries, Bajaj Auto and Ashok Leyland were up more than 2% each.

HDFC Life enters top-30 market cap league

With the market-cap of Rs 961.21 billion at 02:39 pm; HDFC Life stood at number 30th position in overall market-cap ranking, surpasses BPCL and Mahindra & Mahindra.

Escorts shares rise 7% on strong tractor sales in March

The stock moved higher by 7% to Rs 874 on the BSE in intra-day trade after the company reported a strong 65% yoy growth in tractor sales of 11,790 units in March 2018.

New Nifty50 constituents trade mixed: Bajaj Finserv up 1.5%, Titan flat

Ambuja Cements (up 1.4%) Aurobindo Pharma (up 4.8%) and Bosch (up 2.4%) also rose, despite exclusion from the index

BSE to auction investment limits for govt bonds worth Rs 110 bn

The auction will be conducted on BSE's ebidxchange platform from 3:30 pm to 5:30 pm,

Can Fin Homes falls 9% after Canara Bank calls off divestment plan

The stock dipped 9% to Rs 441, extending its 7% fall in past two trading sessions on the BSE.

Kwality down for third straight day; plunges 34% in three days

The stock hit a fresh 32-month low of Rs 54.35, tanked 34% in past three trading sessions from Rs 82.15 on March 26, 2018.

Dividend yield stocks: How to navigate if the market turns bearish?

We are not in a bear market yet but these tips can be handy if we enter that phase

Dilip Buildcon surges 12% on winning new highway projects from NHAI

The stock surged 12% to Rs 1,122, also its new high on the BSE, in intra-day trade.

Where to invest in FY19? Experts suggest banking, oil & gas, capital goods

Experts recommend investing in banking, oil and gas, capital goods and automobile sectors in the new financial year

Churn in constituents to have negligible impact on Nifty's fundamentals

The churn will lead to a minor deterioration in Nifty 50 fundamentals, suggest Ravi Muthukrishnan and Pankaj Chhaochharia of Elara Capital in a recent report.

From UPL to PI Industries, favourable weather for agrochem companies

Recovery in global demand and govt measures to boost farm incomes will add to overall demand

Nifty price-to-earnings down 10%, still above long-term average

The 10-year average P/E for the Nifty index is 15 times - nearly 14 per cent below the current level

Our Sensex target for December 2018 is 36,900: Citi India's Abhinav Khanna

For FY19, we expect 19 per cent earnings growth for the Nifty versus 11 per cent growth expected in FY18, says Khanna

Street signs: Hindustan Aeronautics IPO, defence stocks, and more

Market players say investor sentiment towards the sector has turned negative on fears of government lowering defence spends

Companies raise Rs 843 bn via IPOs in FY18, a three-fold jump: Report

The largest initial share sale was from state-owned General Insurance Corporation of India for Rs 112.57 billion and the average deal size stood at Rs 18.25 billion