Page 583 - Markets
Indonesia's Covid-19 surge has nervy traders recalling India stock rebound
New daily cases climbed to a record 54,517 on Wednesday, higher than India's, while the seven-day moving average jumped to 41,521 from less than 6,000 at the end of May
 "Indonesia's Covid-19 surge has nervy traders recalling India stock rebound")
Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip
In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue
 "Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip")
Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance
Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY
 "Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance")
BSE IPO index hits new high; Gland Pharma, MTAR zoom over 40% in a month
A total of six stocks -- Angel Broking, CAMS, Gland Pharma, Happiest Minds Technologies, Laxmi Organic and Macrotech Developers -- have hit their respective new highs since listin
 "BSE IPO index hits new high; Gland Pharma, MTAR zoom over 40% in a month")
Analysts prefer auto ancillary stocks over OEMs as states push EV policies
Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate
 "Analysts prefer auto ancillary stocks over OEMs as states push EV policies")
Larsen & Toubro up for third straight day; stock nears record high
L&T remain optimistic about the Government's intent to complete around 7400 projects as envisaged in the National Infrastructure Pipeline, aggregating to Rs 111 trillion by FY25.
 "Larsen & Toubro up for third straight day; stock nears record high")
JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore
JSW Energy on Wednesday said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021
 "JSW Energy to seek shareholder approval to raise up to Rs 5,000 crore")
Ashish Kacholia's latest stock bet has rallied 148% in past 3 months
Kacholia held 153,402 equity shares, representing a 1.13 per cent stake in AWL at the end of Q1FY22
 "Ashish Kacholia's latest stock bet has rallied 148% in past 3 months")
Tata Metaliks Ltd shares climb over 8% after June quarter earnings
Shares of Tata Metaliks Ltd jumped over 8% after the firm reported a net profit of Rs 94.72 crore for the quarter ended June 30, 2021.
 "Tata Metaliks Ltd shares climb over 8% after June quarter earnings")
Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr
In past one month, the stock of SSWL has rallied 81 per cent, as compared to a marginal 0.26 per cent rise in the S&P BSE Sensex
 "Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr")
Mindtree surges 9%, hits new high on healthy June quarter results
Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note
 "Mindtree surges 9%, hits new high on healthy June quarter results")
Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta
ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality
 "Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta")
Three stocks Ajit Mishra is bullish on: Buy Bata India, Berger Paints
Berger Paints after the recent up move has been consolidating in a narrow range around its record high
 "Three stocks Ajit Mishra is bullish on: Buy Bata India, Berger Paints")
Market Ahead Podcast, July 14: Top factors that could guide markets today
Infosys, 5paisa Capital, Craftsman Automation, Dodla Dairy, L&T Technology Services and Hatsun Agro Product are among 19 companies that are slated to post their quarterly earnings today
 "Market Ahead Podcast, July 14: Top factors that could guide markets today")
MFs see record SIP registrations in June at 2.13 mn on strong equity show
Market participants say under the pandemic SIPs have become a key component of investors' portfolios and even the trading class have started taking to them
 "MFs see record SIP registrations in June at 2.13 mn on strong equity show")
Bank of Maharashtra fixes floor price at Rs 24.89 per share for QIP
State-run Bank of Maharashtra (BoM) on Tuesday said the board has fixed floor price of Rs 24.89 per share for the proposed Rs 2,000 crore qualified institutional placement (QIP).
 "Bank of Maharashtra fixes floor price at Rs 24.89 per share for QIP")
Market Wrap Podcast, July 13: Here's all that happened in the markets today
Sectorally, Nifty Media, IT and FMCG indices ended in the red. Nifty Financial Services index, with a gain of 1.18 per cent was the best sectoral performer, followed by Nifty Private Bank index
 "Market Wrap Podcast, July 13: Here's all that happened in the markets today")
Banks, RIL lift Sensex 397 pts; broader indices underperform
ICICI Bank (up 2.7 per cent), HDFC, Axis Bank, Sun Pharma, and NTPC were the top gainers on the frontline S&P BSE Sensex
 "Banks, RIL lift Sensex 397 pts; broader indices underperform")
Auto ancillary shares in focus; Rane Brake zooms 20%, Minda hits new high
Analysts observe ancillaries with high exposure to replacement channel tyre, battery players) have fared relatively better in Q1FY22
 "Auto ancillary shares in focus; Rane Brake zooms 20%, Minda hits new high")
Tanla Platforms hits 5% upper circuit for 2nd day straight on buyback plan
Despite past two days' gain, Tanla Platforms has underperformed the market in the last three months by falling 2.5 per cent, as compared to a 8.6 per cent rise in the S&P BSE Sensex
 "Tanla Platforms hits 5% upper circuit for 2nd day straight on buyback plan")