Page 530 - Markets
Wall Street ends up sharply as earnings, economic data lift optimism
The Dow Jones Industrial Average rose 532.21 points, or 1.55%, to 34,910.02
 "Wall Street ends up sharply as earnings, economic data lift optimism")
Q2 show, outlook extend rally in Mindtree, stock up 200% over past year
The disappointment was the flattish performance in business from its top client whose share of revenues now stands at 24 per cent
 "Q2 show, outlook extend rally in Mindtree, stock up 200% over past year")
Market boom delivers a huge boost to returns of special situation funds
Boost in special situation funds: The strategy adopted by these funds isn't strictly contrarian; the fund manager will also look for triggers or opportunities that could make certain stocks attractive
 "Market boom delivers a huge boost to returns of special situation funds")
150-fold spike in warehousing space to expand logistics pie for Adani Ports
Another near-term trigger for the stock would be the September quarter performance
 "150-fold spike in warehousing space to expand logistics pie for Adani Ports")
Sensex, Nifty log new fresh highs on IT sector earnings, macro data
The strong numbers posted by Infosys, Wipro, and Mindtree dissipated worries that arose after TCS's results
 "Sensex, Nifty log new fresh highs on IT sector earnings, macro data")
IRCTC hits new high, zooms 141% since August on announcing stock split plan
IRCTC has fixed October 29, 2021, as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares from Rs 10 to Rs 2
 "IRCTC hits new high, zooms 141% since August on announcing stock split plan")
HDFC Bank Q2 profit may rise 18% YoY on credit revival, lower provisions
HDFC Bank Q2 preview: Gross non-performing assets (GNPA) ratio may rise on a yearly basis but remain largely stable sequentially, believe analysts.
 "HDFC Bank Q2 profit may rise 18% YoY on credit revival, lower provisions")
This Radhakishan Damani-owned stock hits over 13-yr high on robust outlook
India Cements rallied 11 per cent to Rs 221.80 on the BSE today, trading at its highest level since February 2008
 "This Radhakishan Damani-owned stock hits over 13-yr high on robust outlook")
ITC nears two-year high, up 11% in four days; can hit Rs 300, charts say
Analysts believe ITC's cigarettes business will fully recover amid aggressive vaccination drive and reduction in Covid-19 cases
 "ITC nears two-year high, up 11% in four days; can hit Rs 300, charts say")
Mindtree surges 12%, hits new high on strong September quarter earnings
The brokerage firm ICICI Securities is of the opinion that all positives seem to be largely priced in at the CMP for Mindtree and hence the stock may see limited upside from here on
 "Mindtree surges 12%, hits new high on strong September quarter earnings")
Wipro hits new high, rallies 8% on strong revenue growth in Sept quarter
Motilal Oswal maintains a 'Neutral' stance on the stock and awaits further evidence of execution of Wipro's refreshed strategy, & successful turnaround from its growth struggles over the last decade
 "Wipro hits new high, rallies 8% on strong revenue growth in Sept quarter")
Damani's DMart surges 18%, hits fresh record high; stock up 33% in a week
Shares of Avenue Supermarts crossed the Rs 5,000 mark for the first time
 "Damani's DMart surges 18%, hits fresh record high; stock up 33% in a week")
Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee
IT stocks will be in focus this morning, as market participants react to Infosys, Wipro and MindTree numbers. Thereafter, the focus will shift to HCL Technologies earnings
 "Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee")
Nifty top 18,000 pts a day after IMF's bullish economic forecasts for India
The Nifty50 closed at 18,162, up 170 points, or nearly 1%, extending its year-to-date gains to 30%
 "Nifty top 18,000 pts a day after IMF's bullish economic forecasts for India")
Asia Pac IPOs strongest since 1980, raise $125 bn till Sept of CY21
IPO proceeds up 73% from a year ago; number of offerings grow 42.3% YoY
 "Asia Pac IPOs strongest since 1980, raise $125 bn till Sept of CY21")
Tata Motors-TPG deal unlocks value for EV biz; analysts eye further upside
Tata Motors will remain the dominant player in the EV segment given that the company is first mover in the segment and has created a strong brand among the consumers, say analysts
 "Tata Motors-TPG deal unlocks value for EV biz; analysts eye further upside")
BSE m-cap hits Rs 271 trillion as Sensex soars 453 pts; Tata Motors up 21%
Sectorally, all but the Nifty Realty index ended the session in the green led by the Nifty Auto index (up 3.4 per cent).
 "BSE m-cap hits Rs 271 trillion as Sensex soars 453 pts; Tata Motors up 21%")
Sun Pharma hits over 5-yr high on hopes of robust revenue growth in Q2
Motilal Oswal Securities remains positive on Sun Pharma due to investments in the global Specialty portfolio improving overall profitability
 "Sun Pharma hits over 5-yr high on hopes of robust revenue growth in Q2")
HCL Tech Q2 preview: Revenue to rise 13% YoY; margin impact keenly eyed
Most analysts eye a double-digit revenue growth for HCL Technologies between 12 and 13 per cent year-on-year for the second quarter of the financial year 2021-22
 "HCL Tech Q2 preview: Revenue to rise 13% YoY; margin impact keenly eyed")
This iron & steel products stock has zoomed 50% thus far in October
On October 8, 2021, Maharashtra Seamless had announced that the company has successfully bagged an order worth Rs 237 crore from ONGC for supply of seamless casings pipes
 "This iron & steel products stock has zoomed 50% thus far in October")