Page 87 - Market News
Motherson Sumi: Declining losses at greenfield plants to aid margins
While losses at the greenfield facilities have come down to 19 million euros from 175 million euros in FY20, analysts expect them to turn positive at the operating profit level by the end of FY21
 "Motherson Sumi: Declining losses at greenfield plants to aid margins")
Special market ops can be useful for monetary policy transmission: RBI
OT involves buying of GSECs with longer-term maturities -- ten years and five years -- and selling of shorter-term GSECs of original/ residual maturities of one and three years
 "Special market ops can be useful for monetary policy transmission: RBI")
RBI remains net purchaser of US dollars in June, buys $9.814 billion
In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May
 "RBI remains net purchaser of US dollars in June, buys $9.814 billion")
Margin pressures likely to cap upside for Dr Lal Pathlabs: Analysts
The 29 per cent fall in volumes in the quarter was responsible for revenues declining 21 per cent year-on-year
 "Margin pressures likely to cap upside for Dr Lal Pathlabs: Analysts")
Gold price slumps to Rs 54,763 per 10 gm; silver plunges to Rs 73,600 a kg
In the international market, gold was trading lower at $1,989 per ounce and silver also witnessed selling and was quoting down at $27.90 per ounce
 "Gold price slumps to Rs 54,763 per 10 gm; silver plunges to Rs 73,600 a kg")
Canara Bank to hit market with equity offering of Rs 5,000 cr in Q4FY21
Lender plans to raise additional tier-I capital of Rs 1,500 crore each in second and third quarters of FY21
 "Canara Bank to hit market with equity offering of Rs 5,000 cr in Q4FY21")
'Quality' stocks come at a premium, valuations have crossed pre-Covid level
The P/E for Bharti Airtel and Avenue Supermarts is currently below the pre-Covid levels. Reliance Industries, Cipla, Havells India, and Eicher Motors have seen the maximum P/E expansion
 "'Quality' stocks come at a premium, valuations have crossed pre-Covid level")
Companies raise Rs 1.55 trn via BSE bond platform in FY21 so far
During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 trillion from commercial papers, and by 121 issuers for raising Rs 3.36 trillion via bonds
 "Companies raise Rs 1.55 trn via BSE bond platform in FY21 so far")
Exchange's subsidiary can administer, supervise investment advisers: Sebi
Under IA Regulations, Sebi can recognise any body or body corporate for the purpose of regulating IAs
 "Exchange's subsidiary can administer, supervise investment advisers: Sebi")
Sebi slaps Rs 80 lakh fine on six individuals in matter of VKS Project
The individuals who have been penalised are V K Sukumaran, Saritha Sukumaran, Piyush Kothari, Mohammed Azhar Khan, Mehul Modi and Nelesh Devendra Vora
Sebi bans 4 entities for providing unauthorised investment advice
Those facing ban are -- Money Increase, Venture Revenue, their proprietor Ashish Chourasiya and Shinal Jain, who is connected to Chourasiya
 "Sebi bans 4 entities for providing unauthorised investment advice")
Bandhan Bank's main shareholder seeks $1.4 billion in stock sale
Those shares are offered at a floor price of $4.16 each, according to the terms
 "Bandhan Bank's main shareholder seeks $1.4 billion in stock sale")
Markets, through volatility, may continue to do well: Vaibhav Sanghavi
While the near-term economic data may continue to remain weak, the markets, through volatility, may continue to do well, amid disbelief
 "Markets, through volatility, may continue to do well: Vaibhav Sanghavi")
Near-term demand uncertainty for Havells likely to weigh on sentiment
Though revenues declined 45 per cent year-on-year (YoY) to Rs 1,479 crore, there was a better-than-expected rebound in June sales, which pushed top line ahead of consensus estimate of Rs 1,302 crore
 "Near-term demand uncertainty for Havells likely to weigh on sentiment")
India's one-year returns turn positive, lag global peers: Morningstar
While the past three-month returns for the Indian markets have been strong, the one-year underperformance is on account of relatively weak GDP growth forecasts, said experts
Street signs: HDFC scores a hattrick, use corrections to go long, and more
HDFC Life's inclusion was on an out-of-turn basis, as it replaced Vedanta, which has proposed to delist or go private
 "Street signs: HDFC scores a hattrick, use corrections to go long, and more")
Sebi extends deadline for new margin collection norms by a month
Penalty provision for short-collection, non-collection of upfront margins in cash segment will be implemented effective Sept 1, says regulator
Investors with physical securities can tender shares in buybacks: Sebi
The clarification came after Sebi received representations from investors, expressing concerns that they have not been able to participate in open offers, buybacks
Sebi extends usage of digital signature certification till Dec 31
The extension has been granted after Sebi received a representation from the Institute of Company Secretaries of India
Sebi allows acceptance of client securities as collateral till August 31
The decision has been taken in view of the prevailing situation due to the Covid-19 pandemic and partial lockdowns in various areas of the country