Page 594 - Markets
Suzlon Energy loss narrows to Rs 54 cr in March quarter on higher revenues
Suzlon Energy's consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues.
 "Suzlon Energy loss narrows to Rs 54 cr in March quarter on higher revenues")
Uflex zooms 19%, hits record high on robust March quarter results
In Q4FY21, Uflex's consolidated Ebitda jumped 87 per cent YoY to Rs 516.4 crore while margins improved to 20.1 per cent from 15.6 per cent in Q4FY20
 "Uflex zooms 19%, hits record high on robust March quarter results")
Cipla hits new high on DCGI nod to import Moderna vaccine; up 4% in 2 days
At this stage, there is no definitive agreement on commercial supplies, the company said in response to media queries on vaccine import
 "Cipla hits new high on DCGI nod to import Moderna vaccine; up 4% in 2 days")
Stocks to watch: Voda Idea, RIL, Cipla, Indiabulls Housing, pharma stocks
Vodafone Idea is likely to post a narrowing of losses in Q4FY21 even though subscriber losses and zero IUC regime may dent the top-line
 "Stocks to watch: Voda Idea, RIL, Cipla, Indiabulls Housing, pharma stocks")
Nifty needs to break 15,700-15,900 range for directional move: Vinay Rajani
Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support
 "Nifty needs to break 15,700-15,900 range for directional move: Vinay Rajani")
Stock ideas by Ajit Mishra of Religare Broking: Buy Info Edge, Sun Pharma
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there
 "Stock ideas by Ajit Mishra of Religare Broking: Buy Info Edge, Sun Pharma")
Market Ahead Podcast, June 30: Top factors that could guide markets today
More than 900 companies will release their quarterly earnings today, including SpiceJet, Vodafone Idea, Dish TV India, IRCON International, SREI Infrastructure Finance and VIP Clothing
 "Market Ahead Podcast, June 30: Top factors that could guide markets today")
Vodafone Idea Q4 preview: Losses may narrow; commentary on fundraising eyed
The management's commentary on fundraising, tariff hikes, and adjusted gross revenue (AGR) case will be keenly watched, apart from the headline numbers
 "Vodafone Idea Q4 preview: Losses may narrow; commentary on fundraising eyed")
Sebi introduces framework for accredited investors in securities market
Regulator says appointment and removal of independent directors can be done through a special resolution of shareholders.
 "Sebi introduces framework for accredited investors in securities market")
Sensex slips 186 pts amid profit booking; banks, metals fall; pharma gains
HSBC said on Tuesday that the valuation of Indian stock market has become a concern now after a sharp run up from their March 2020 low
 "Sensex slips 186 pts amid profit booking; banks, metals fall; pharma gains")
Global stock markets on edge over Delta virus variant, Fed policy
European stocks, as measured by the pan-European STOXX 600 index, were up 0.4%
 "Global stock markets on edge over Delta virus variant, Fed policy")
This Tata group company's shares have zoomed 77% in four weeks
The stock was trading at its highest level since 1992
 "This Tata group company's shares have zoomed 77% in four weeks")
Indian stock market valuation a concern, FDI flows likely to continue: HSBC
FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC
 "Indian stock market valuation a concern, FDI flows likely to continue: HSBC")
Bajaj Healthcare zooms 20% as Co seeks compulsory licence for Baricitinib
The company has moved the Indian Patent Office requesting to grant a compulsory license for manufacturing & supply of Covid-19 drug "Baricitinib" (API and formulation)
 "Bajaj Healthcare zooms 20% as Co seeks compulsory licence for Baricitinib")
Indian Bank dips 8% post listing of fresh shares issued to QIBs
On Friday, June 25, Indian Bank had informed the stock exchanges that it raised Rs 1,650 crore through QIP
 "Indian Bank dips 8% post listing of fresh shares issued to QIBs")
Graphite India gains 6% on healthy operational performance in Q4
Looking ahead, the management remains optimistic with the ongoing recovery in demand for electrodes and stabilization of prices
 "Graphite India gains 6% on healthy operational performance in Q4")
Stocks to watch: HDFC Life, IRCTC, Ruchi Soya, RITES, Godrej Consumer
Standard Life will divest 3.46 per cent or 70 million shares in HDFC Life Insurance Company on Tuesday
 "Stocks to watch: HDFC Life, IRCTC, Ruchi Soya, RITES, Godrej Consumer")
3 stocks Osho Krishan of Anand Rathi is bullish on: Buy Tata Coffee, Trent
Tata Coffee witnessed a consolidation breakout on the back of an increase in average trading volumes in the last trading session, suggesting a positive outlook
 "3 stocks Osho Krishan of Anand Rathi is bullish on: Buy Tata Coffee, Trent")
Market Ahead Podcast, June 29: Top factors that could guide markets today
DCM, IRCTC, Ruchi Soya, Sintex Industries and Suzlon Energy are among the companies that will announce their March quarter earnings today
 "Market Ahead Podcast, June 29: Top factors that could guide markets today")
Sensex ends 189 pts lower; FM announces relief for Covid-hit economy
Among notable steps, FM Sitharaman announced Rs 1.1-trillion loan guarantee for Covid-affected sectors. Health sector, she said, will receive attention for scaling up infrastructure on cities and town
 "Sensex ends 189 pts lower; FM announces relief for Covid-hit economy")