Page 464 - Markets

Explained: What happens if the rupee hits 80 against the US dollar

When the value of a currency falls, imports become dearer and prices of raw materials rise

TCS hits 52-week low; slips 9% in one week on Q1 margin disappointment

HSBC Securities believe relative premium to the market and likely slowdown in revenue growth will continue to restrict upside for IT stocks in the near term

With rupee at new low, Indian bonds may be worst hit if recession grips US

Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead

Paytm hits over three-month high; stock surges 36% in two months

Despite its sharp run-up in the past two months, Paytm has underperformed the market by falling 34 per cent in the last six months as against a 12 per cent decline on the Sensex

Tata Metaliks plunges 8% as Q1 net profit falls 99% YoY to Rs 1.2 crore

he Tata Group company, engaged in pig iron business, had PAT of Rs 94.72 crore in the year-ago quarter (Q1FY22)

Front-running scandal at Axis Mutual Fund set to rock $465-bn MF industry

Axis Asset Management Co, India's seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe

Demand outlook remains robust for Blue Dart Express, say brokerages

Blue Dart Express posted 34 per cent revenue growth in 2021-22, assisted by 30 per cent growth in volumes; the rest came from higher realisations

The recent correction has removed froth in the broader market: C J George

India will be the fastest growing large economy in the world. Our corporate profit to GDP is on a steady uptrend. Therefore, India will outperform

Investors brush aside tariff, margin concerns for SRF; stock rebounds

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

Ahead of inflation data, understanding how CPI is linked to RBI and markets

The Reserve Bank of India (RBI) hiked the benchmark interest rate, or repo rate, in May and then in June to control demand and liquidity in the economy

This Adani Group stock has zoomed over 3,600% since March 2020

Adani Total Gas hit a new high of Rs 2,845 on Tuesday, surging 15 per cent in the past three trading days

Ahluwalia Contracts surges 12% on order win worth Rs 150 crore

The company's total order inflow during the current financial year 2022-23 stands at Rs 863 crore

HCL Tech dips 6% in 2 days, hits 52-week low ahead of June quarter results

Analysts expect Ebit to contract sequentially due to increase in retention costs as well as higher travel costs

Is it a good strategy to invest in gold right now?

With financial markets facing a turbulent time, is it a good strategy to seek refuge in gold? What are the key factors that you must keep in mind before investing in the yellow metal?

Brokerages mixed on Avenue Supermarts post Q1 results; here's what they say

Jefferies maintains 'Hold' rating on the stock as the management is watchful of 'potential volume stress' in discretionary segments due to inflation

Adani Group shares rally up to 12%; Adani Total Gas hits record high

The Group said it has participated in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airport, ports & logistics and other businesses

China stimulus unlikely to reverse rout in the global metals market

While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time

Markets posts biggest weekly gain in two months as benchmarks add 3% each

Softening bond yields, moderation in FPI selling boost sentiment; both indices are now up 6% from year's low, but still down over 12% from their record high levels seen last October

M&M rallies 5% as UK's BII to invest up to Rs 1,925 crore in new EV arm

The funds will be utilized primarily to create and market a world-class electric SUV portfolio with advanced technologies