Page 572 - Markets
Avoid taking any directional view on markets: Sameet Chavan
Considering the historical trend, 'August' month is known for bigger moves. So it would certainly be interesting to see which direction market decided to move in
 "Avoid taking any directional view on markets: Sameet Chavan")
Market Ahead Podcast, August 2: Factors that could guide markets this week
The action in the primary market will also remain hot as four IPOs are slated to open on August 4, leaving investors spoilt for choice
 "Market Ahead Podcast, August 2: Factors that could guide markets this week")
PSU banks mobilise record fund of Rs 58,700 crore from markets in FY'21
Notwithstanding economic disruptions caused by the pandemic, PSBs have managed to raise a record Rs 58,700 crore from markets in FY2020-21 through a mix of debt and equity to enhance capital base.
 "PSU banks mobilise record fund of Rs 58,700 crore from markets in FY'21")
US stock markets slip, dollar has worst week in almost two months
Investors sold Amazon stock as the online retailer revenue of $113 billion in the second quarter was $2 billion shy of analysts' forecasts.
 "US stock markets slip, dollar has worst week in almost two months")
'Earnings upgrade cycle seen over the last two-three quarters may end'
A severe third wave of the Covid pandemic, he says, is not priced into investor expectations at this time
 "'Earnings upgrade cycle seen over the last two-three quarters may end'")
World stocks on course for sixth month of gains, dollar near 1-mth low
MSCI's World index was last down 0.3%, leaving it broadly flat on the week, but up 1.1% for the month, just shy of a record high.
 "World stocks on course for sixth month of gains, dollar near 1-mth low")
Market Wrap Podcast, July 30: Here's all that happened in the markets today
Investors came in hoards to bid for Rolex Rings on the last day of the process. The IPO was subscribed over 130 times so far, with HNI category the most oversubscribed
 "Market Wrap Podcast, July 30: Here's all that happened in the markets today")
Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%
Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today
 "Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%")
Sun Pharma rallies 9%, hits over 4-year high on strong June quarter results
The management said Sun Pharma witnessed a strong Q1, driven by a combination of robust core business growth, low base and some sale of Covid products
 "Sun Pharma rallies 9%, hits over 4-year high on strong June quarter results")
Asian shares lower after Wall Street rebound on US growth data
Japan reported relatively strong economic data for the previous quarter, before the government began tightening coronavirus restrictions as cases surged.
 "Asian shares lower after Wall Street rebound on US growth data")
Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map
Ashok Leyland's subsidiary Switch Mobility announced a strategic agreement with Dana Incorporated, the global leader in drivetrain and e-propulsion systems, to make a minority investment in Switch
 "Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map")
SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr
The stock hit a new high of Rs 8,535.95 as shares rallied 8 per cent on the BSE in intra-day trade on Friday
 "SRF rallies 8% on strong Q1 performance; market-cap zooms past Rs 50,000 cr")
R Systems soars 15% as board to consider share buyback proposal
Buyback is a corporate action in which a company buybacks its shares from the existing shareholders usually at a price higher than the market price
Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates
The company's order book increased from $290 million in Q1FY21 to $815 million in Q1FY22
 "Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates")
Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor
State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30
Here's a derivative strategy for Canara Bank by HDFC Securities
The stock price has broken out on the daily line chart with higher volumes to close at its highest level since July 16, 2021
 "Here's a derivative strategy for Canara Bank by HDFC Securities")
Tech Mahindra Q1 profit jumps 39% YoY to Rs 1,353 crore, beats estimates
The company beat profit expectations by a wide margin as most brokerages had projected the figure to rise between 16-23 per cent YoY
F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
 "F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%")
China's efforts to calm investor jitters help stock markets rebound
China stocks had their best day in two months on Thursday
SBI inches towards record high ahead of Q1 results; stock up 3%
Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex
 "SBI inches towards record high ahead of Q1 results; stock up 3%")