Page 577 - Markets

US stock markets open slightly lower ahead of big tech earnings

The Dow Jones Industrial Average (.DJI) fell 65.41 points, or 0.19%, at the open to 35,078.90.

Sensex drops 274 pts, Nifty ends below 15,750; DRL sinks 10%, Axis Bank 3%

In the broader markets, mid-cap stocks faced a severe blow with the BSE MidCap index erasing 0.67 per cent.

Global stock markets decline ahead of US Fed update on economy

Global stock markets declined Tuesday as investors looked ahead to a Federal Reserve report for an update on when US stimulus might start winding down. London and Frankfurt opened lower while Shanghai and Hong Kong declined. Tokyo advanced. On Monday, Wall Street's benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the more contagious delta variant of the coronavirus. Investors awaited the Fed report Wednesday for signs of the central bank's level of concern about inflation and when it might start rolling back easy credit and other economic stimulus. Minutes of the Fed meeting in June showed board members discussed how and when they might reduce monthly bond purchases that inject money into the financial system. We expect Jay Powell to reiterate that the tapering discussion is underway, but that it's too soon to reveal a specific date, Danielle DiMartino Booth of Quill Intelligence said in a report. In early trading, the FTSE 100 in London lost

Dr Reddy's slips over 10% post June quarter results, anonymous complaint

Gross profit margin decreased by 380 bps over the previous year and 150 bps sequentially, majorly on account of price erosion and increase in inventory provisions related to few products

Up 1,258% in 4 months! This electric utility stock sheds its 'penny' status

RattanIndia Enterprises announced that Domino's has joined hands with the company's Revolt Motors, to transform its current petrol bike fleet to electric bikes

Nifty Pharma index slips 5%, records sharpest intra-day fall in 7 months

Alembic Pharma and Dr Reddy's Labs plunged 12% and 11%, respectively in intra-day trade post their June quarter results

Persistent Systems hits record high; soars 16% in 2 days on strong Q1 show

The company expects to sustain the healthy growth momentum in the Services business, based on the robust deal intake and a healthy deal pipeline

Asian stock markets decline to seven-month low amid China jitters

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.97% to its lowest level since December, having slid 2.45% the previous day.

Inox Leisure zooms 15% on Amazon India's stake buy buzz

Inox, however, said the report was "factually incorrect" and there were no discussions between the company and Amazon India

GNA Axles surges 25% in two days on strong Q1 results

The company posted consolidated net profit of Rs 29.46 crore as against a loss of Rs 6.58 crore in the year-ago quarter on the back of a healthy operational performance

Equitas Holdings, Equitas SFB rally on amalgamation scheme approval

Equitas SFB will issue 226 shares to holding company's shareholders for every 100 they held

Alembic Pharma dips 8% on disappointing June quarter results

Ebitda (earnings before interest, taxes, depreciation, and amortization) margins declined 1258 basis points (bps) YoY to 17.8 per cent, due to higher other expenditure

Stocks to watch: Tata Motors, L&T, IndiGo, Just Dial, HUDCO, Axis Bank, DRL

Larsen & Toubro (L&T) reported a consolidated net profit at Rs 1,174 crore in the June quarter, up nearly four times from the same period last year on the back of increased revenues

2 FMCG stocks Osho Krishan of Anand Rathi is bullish on: Buy ITC, Britannia

ITC has certainly provided a trend line breakout on all time frames and is anticipated to surge higher

Market Ahead Podcast, July 27: Top factors that could guide markets today

Over 60 companies, including IndiGo, IndusInd Bank, DRL are slated to post their quarterly numbers today

Chemical stocks in focus; Alkyl Amines, Gujarat Fluorochem at new highs

Shares of Gujarat Fluorochemicals soared 9 per cent to Rs 1,730, hitting a new high today

Asia stocks hit 2021 lows as China skids, funds favour Wall Street

Chinese blue chips shed 4.4% to their lowest since December

Caplin Point jumps 19%, hits record high; stock soars 37% in seven days

A combined 5.8 million equity shares, representing 7.6 per cent of the total equity of Caplin Point Laboratories, had changed hands on NSE and BSE till 12:56 pm

Aurionpro Solutions surges 16%, hits 52-wk high on robust June quarter nos

With solid performance and strong cash flows, the company plans to become net debt free by October this year

Symphony dips 5% on disappointing Q1 results

The management expects gross margin on domestic sales for FY22 to be back to normal margin of around 50 per cent