Page 404 - Markets
Gold firms up above $2,000 level amid volatility as Fed verdict nears
(Reuters) - Gold firmed well above the $2,000 level on Wednesday, buoyed by uncertainty surrounding the U.S. debt ceiling and other economic headwinds, while investors braced themselves for the Federal Reserve's monetary policy decision.
 "Gold firms up above $2,000 level amid volatility as Fed verdict nears")
Tyre stocks rally up to 8% on MRF's strong Q4 results; Apollo at 52-wk high
MRF's board has recommended a final dividend of Rs 169 (1,690 per cent) per share
 "Tyre stocks rally up to 8% on MRF's strong Q4 results; Apollo at 52-wk high")
Manappuram Finance slumps 14% as ED raids premises in money laundering case
As per PTI, the raids were being undertaken to gather evidences related to allegations that the company collected public deposits worth over Rs 150 crore in contravention of RBI guidelines
 "Manappuram Finance slumps 14% as ED raids premises in money laundering case")
Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts
Apart from IndiGo, Tata group-owned Air India, could be the second key beneficiary given its strong fleet and balance-sheet strength
 "Go First bankruptcy: IndiGo, SpiceJet good momentum plays, say analysts")
Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club
At 10:03 am; with a market cap of Rs 1.006 trillion, HAL claimed the 52nd spot in the overall market cap ranking, the BSE data shows
 "Hindustan Aeronautics hits new high; joins Rs 1-trillion market cap-club")
Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health
Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.
 "Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health")
Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine
Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase
 "Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine")
Welspun India zooms 20% as investors cheer buyback plan, strong Q4 results
The board of Welspun India has approved a proposal for purchase of 16.25 million equity shares worth Rs 195 crore through a tender offer
 "Welspun India zooms 20% as investors cheer buyback plan, strong Q4 results")
M&M Financial Services soars 7%, hits 52-week high on strong Q4 results
On outlook, the management said the macro-economy tailwinds should help the sector and the company continue its growth journey
 "M&M Financial Services soars 7%, hits 52-week high on strong Q4 results")
ONGC gains 3%, nears 52-week high as govt slashes windfall tax on crude oil
Technical analysts at ICICI Securities expect the stock to maintain positive bias and head towards Rs 171 levels in the coming sessions
 "ONGC gains 3%, nears 52-week high as govt slashes windfall tax on crude oil")
Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%
Adani Total Gas and Ambuja Cements are scheduled to announce their Q4FY23 results today. Adani Wilmar will announce its Q4FY23 numbers on May 3; Adani Enterprises on May 4; and Adani Power on May 5
 "Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%")
Loading up on future: Small-and mid-caps turning into an investor favourite
Here are five mid- and small-cap stocks that have the potential to gain the most if this rally sustains
 "Loading up on future: Small-and mid-caps turning into an investor favourite")
TMS Ep422: PLI scheme, Ease of Moving Index, markets, double jeopardy
Has the PLI scheme lived up to expectations? What does 'Ease of Moving Index' tell us about Indian cities? How to trade the markets ahead of US Fed? What is double jeopardy? All answers here
 "TMS Ep422: PLI scheme, Ease of Moving Index, markets, double jeopardy")
India beats global pack on strong FPI flows in April, shows data
The moderation in valuation, following a near-10 per cent correction between December and March, also made investors look at India more favourably
 "India beats global pack on strong FPI flows in April, shows data")
Axis Bank shares slide 2.4% post Q4 results; what should investors do?
Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150
 "Axis Bank shares slide 2.4% post Q4 results; what should investors do?")
Glenmark Life rallies 10%, hits 52-week high on strong Q4FY23 results
In the past one month, the stock has zoomed 40 per cent as compared to a 5.4 per cent rise in the S&P BSE Sensex
 "Glenmark Life rallies 10%, hits 52-week high on strong Q4FY23 results")
TMS Ep421: Maruti Suzuki results, Vedanta debts, markets, predatory pricing
What makes Maruti tick? Is Vedanta out of the woods? Should investors sell stocks in May and go away? What is predatory pricing? All answers here
TMS Ep421: Maruti Suzuki results, Vedanta debts, markets, predatory pricing
What makes Maruti tick? Is Vedanta out of the woods? Should investors sell stocks in May and go away? What is predatory pricing? All answers here
 "TMS Ep421: Maruti Suzuki results, Vedanta debts, markets, predatory pricing")
Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects
The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices
 "Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects")
Should investors worry about the slowing AUM growth at Bajaj Finance?
Recent price correction in Bajaj Finance's stock, strong growth outlook, peaking of rates, and potential to enter credit cards market, make risk-reward favourable, analysts said
 "Should investors worry about the slowing AUM growth at Bajaj Finance?")