Page 3101 - Markets News

Fineotex Chemical up for 13 straight days; stock zooms 145%

The stock hit a new high of Rs 99.45, rallied 145% from Rs 40.65 on December 14, 2017, against 2% rise in Sensex.

Sagar Cements rallies 24% in four days on HDFC Mutual Fund stake buys

The stock hit a new high of Rs 1,048, up 15%, extending its past three days gain after the HDFC Mutual Fund bought an additional 2.55% stake in the company via open market.

Earnings, bond yields show opposite trends for the first time in 6 years

Earnings yield for BSE 500 firms down 120 bps in 12 months; latter up 110 bps

VST Tillers Tractors surges 9% on strong December sales

The stock surged 9% to Rs 2,673, also its record high on the BSE, after the company recorded a strong sales growth of 79% at 3,615 units in the month of December 2017.

Titan gains 3% as Q3 jewellery retail sales meet expectations

The stock was up 3% to Rs 869 on the National Stock Exchange in intra-day trade so far

Aarti Drugs hits 52-week high on share buyback plan

The stock surged 7% to Rs 689, also its 52-week high on NSE in early morning trade after the company said that its board will meet on January 8, to consider share buyback proposal

Oil prices close to mid-2015 high over strong demand; further rise doubtful

Brent crude futures LCOc1 - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high

Buy Tata Motors, Genus Power and Ashok Leyland: Prabhudas Lilladher

The support for the day is seen at 10,380 while resistance is seen at 10,490 for Nifty, says Vaishali Parekh

Nifty outlook and few trading ideas by HDFC Securities

Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities

Equity issuances highest in 10 years; India Inc raises Rs 1.8 trillion

The December quarter saw three IPOs mopping in excess of $1 billion (Rs 65 billion)

Sebi working with FinMin on new framework on algorithm trading

Sebi will soon issue a consultation paper seeking market feedback

Bandhan Bank: A relationship worth trying

Bank offers moat to investors but IPO needs to be rightly priced

Rural uptick, festive season aided auto growth in 2017

Analysts expect growth in 2018 to be 10-12% across segments

Principal Financial Group buys Punjab National Bank out of MF

The entities signed a share purchase agreement to transfer full ownership of the asset management business to the Principal group

Today's picks: 3 January, 2018

Nifty, Bank Nifty, Tata Motors, Indiabulls Housing Finance, HPCL

Reversing crude oil cycle is bad for India

Threats of supply disruption caused by political trouble may add to upside pressures due to supply cuts agreed upon by other Opec members and Russia

Universal trading licences: Equity exchanges have advantage over commexes

Stock exchanges have many revenue streams, robust infra, several products. But commexes lack active clearing corporations, index products and only hedge funds are allowed as institutional investors

Market outlook: Elusive earnings to revive in 2018; to grow 26% by FY19

Earnings are slated to grow at a rate of 14% for the current year, making it a watershed year for earnings

Small, midcap stocks under pressure

The S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex at 02:32 PM

Investing in cryptocurrencies? Here's why you should be wary of North Korea

A North Korean hacking unit called Andariel seized a server at a South Korean company in the summer of 2017 and used it to mine about 70 Monero coins