Page 528 - Markets

Markets skid for second day as inflation, valuation concerns' weigh

Analysts said the inflationary pressure seen by companies such as HUL and Nestle India have made the Street temper down its earnings growth expectations

Global stocks mixed after Wall Street rise, weak Japanese trade

Global stock markets were mixed Wednesday after Wall Street advanced on strong corporate earnings and Japanese exports weakened. London and Shanghai declined while Tokyo and Frankfurt advanced. The future for Wall Street's benchmark S&P 500 index was off less than 0.1% after five days of gains. Market sentiment remains decidedly positive, said Jeffrey Halley of Oanda in a report. Investors watched for inflation updates from Britain and some other European governments amid concern central banks might feel pressure to hike interest rates sooner than planned or roll back stimulus. In early trading, the FTSE 100 in London lost less than 0.1% to 7,210.74. The DAX in Frankfurt rose 0.2% to 15,552.62 while the CAC 40 in Paris declined less than 0.1% to 6,667.52. On Wall Street, the future for the Dow Jones Industrial Average was up less than 0.1%. On Tuesday, the S&P 500 rose 0.7% to within 0.4% of its Sept. 2 all-time high. The Dow and the Nasdaq composite advanced less than ...

Sensex sheds 456pts, Nifty gives up 18,300; Airtel, SBI buck the trend

Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE

FMCG stks dip amid waning demand concern; ITC, HUL drop up to 9% in 2 days

The S&P BSE FMCG index, which fell 1.62 per cent in intra-day trade today, has slipped 4.5 per cent in the past two trading days

Stock of this recently listed defence company has zoomed 101% in 12 days

In the past three trading days, the stock of Paras Defence has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from October 18, 2021.

PSU banks trade firm in a volatile market; SBI scales fresh record high

In Q2, Motilal Oswal Financial Services estimates PSBs to report improved operating performance, supported by modest business growth and a gradual reduction in provisions.

Mastek tanks 15% on muted September quarter results

In Q2, the company's net profit remained flat at Rs 81.5 crore as against Rs 80.2 crore in June quarter of FY22

Three trading ideas by Ajit Mishra: Buy Adani Ports, Federal Bank; sell DRL

We're seeing noticeable traction in the banking pack and Federal Bank has recently witnessed a breakout from a consolidation range

Nifty forming bearish pattern on charts; stay stock-specific: Vinay Rajani

To confirm short term trend reversal, Nifty needs to breach the low of 18,377 in the coming sessions

Market's seven-day winning streak ends as FMCG stocks drag indices lower

Sensex sheds 0.08%, Nifty takes a deeper cut of 0.3% at close; mid-caps see 2% cut

TTK Prestige zooms 20%, hits record high as board to consider stock split

A stock split is generally done to make the scrip more affordable for small retail investors and increase liquidity

IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower

Ends the day with a market cap of Rs 85,808 cr; stock has risen 3.3x this year; other firms in railways too come off from intraday highs amid buzz that govt is appointing a regulator for the sector

Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%

The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each

IRCTC m-cap surpasses Rs 1-trillion; stock zooms 293% in 6 months

At 09:32 am, IRCTC was trading 6.9 per cent higher at Rs 6,283.50, with a market-cap of Rs 100,612 crore

HUL Q2 results: Profit rises 9% YoY; declares Rs 15 interim dividend

The company declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022

L&T Group shares in demand; L&T hits record high, LTI soars 16%

L&T, on Monday, emerged as the lowest bidder for the construction and maintenance of the first three buildings of the Common Central Secretariat under the Central Vista redevelopment project

L&T Infotech surges 10%, nears record high on robust Q2 results

The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter

Indian Energy Exchange soars 20%, hits new high on bonus issue buzz

The board of directors of the company at their meeting scheduled on October 21, 2021, would consider the proposal for declaration of bonus issue of equity shares

2 stocks ideas by Osho Krishan of Anand Rathi: HDFC Life, Cummins India

CUMMINS INDIA is trading in a rising channel and is currently placed near the lower band of the channel signalling a near-term resurgence

Analysts see 23% upside in HDFC Bank but caution against loan restructuring

HDFC Bank Q2 analysis: Analysts believe investors should keep an eye on restructured loan book even as long-term growth drivers remain intact.