Page 3129 - Markets News

Infosys shares shrug off Sikka blues, rallied 16% in last 3 months

While Rs 13,000-crore buyback has provided some impetus to the stock, brokerages believe competitive edge over other peers is the main driver behind the rally

Marico: Margin pressures ahead

While prospects in new categories such as soups are high, the company faces well-entrenched competition

ONGC: Strong prospects after near-term worries

Worries over recovery of dues from Venezuela or HPCL buyout to be offset by strong earnings growth

Market in positive lane for 7th day, IT in the saddle

The consumer durables index added 2.8%, followed by IT, technology and oil and gas

BJP set to retain Gujarat; Modi to focus on job growth: CLSA's Chris Wood

With key reforms such as GST, demonetisaton and banking sector reset via the Rs 2.11-lakh crore capital infusion into public sector banks set in motion, Wood expects Modi to focus on generating jobs

Retail portion of Quess Corp offer for sale subscribed 3 times

Shares of Quess Corp gained 8% to close at Rs 925

Remit excess securities transaction tax to govt in 15 days: BSE to brokers

Additional commissioner of income tax has stated that instances had come to his notice where excess STT was collected and retained by brokers and sub-brokers and was not remitted to govt account

European retailers chase shoppers with Black Friday offers to boost sales

British retailers pinning their hopes on discounts to get shoppers who are squeezed by inflation and low wage rises

Markets end positive for 7th straight session, up over 1% for the week

All that happened in the markets today

Reliance Industries, Future Retail, Crompton Greaves Consumer hit new highs

Maruti Suzuki India, Trent, HSIL, Vakrangee and Grindwell Norton were among 17 stocks from the S&P BSE 500 index hitting their respective new highs on the BSE in intra-day trade.

BSE to auction investment limits for Rs 4,000-cr govt bonds

The debt auction quota gives overseas investors the right to invest in the debt up to the limit purchased

Action Construction zooms over 100% in one month; stock hits new high

The stock hit a new high of Rs 156, up 10% on the BSE, extending its 60% surge in past two weeks.

NSE alert saying don't keep idle funds with broker changed as Anmi protests

The Association of National Exchanges Members of India (Anmi) has called on the NSE to immediately modify the message, following which the exchange has reworded its investor alert

Action Construction nears record high on promoters' stake buy

The stock surged 18% to Rs 131, extending 6% gain in past two trading sessions, after promoters of the company increased their holdings through open market.

Infosys hits over three-month high; stock up 10% in November

The stock was trading at its highest level since August 18, 2017, at Rs 1,011, up 2% on Friday, extending its Thursday's 2.6% gain on the BSE.

BSE Midcap, smallcap indices hit new high

Sangam (India), Swaraj Engines, Praj Industries, Alankit, Indosolar, HSIL, MT Educare, INEOS Styrolution India and Patel Engineering from the smallcap indeed have rallied more than 8%.

Edelweiss Financial gains on successful fund raising through QIP issue

The stock was trading 3.5% higher at Rs 296 on the BSE after the company said it has successfully raised Rs 1,528 crore through the Qualified Institutions Placement route.

Swaraj Engines surges 11% as board mulls share buyback

The board of directors of the company will meet on November 28, 2017, to consider the proposal to buyback the fully paid-up equity share

Derivative strategy on Dish TV by HDFC Securities

Derivative strategy on Dish TV by Devarsh Vakil & Nandish Shah - PCG Desk by HDFC Securities:

Derivative strategy on Nifty by Motilal Oswal Securities

Derivative strategy on Nifty by Chandan Taparia, Derivatives & Technical Analyst at Motilal Oswal Securities