Page 42 - Stock Market Rally
ITC hits new high on solid Q2 performance; analysts see up to 16% upside
Analysts believe ITC would continue to grow in its core business of Cigarettes and FMCG with stable taxation & softening of raw material prices.
 "ITC hits new high on solid Q2 performance; analysts see up to 16% upside")
Gujarat Flurochem hits new high on healthy outlook; zooms 109% in 1 year
Adoption of 5G-enabled smartphones in India is expected to triple and this, in turn, will drive the fluoropolymers market and benefit the Gujarat Fluorochemicals.
 "Gujarat Flurochem hits new high on healthy outlook; zooms 109% in 1 year")
Stock of this footwear company has zoomed 60% thus far in September
Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.
 "Stock of this footwear company has zoomed 60% thus far in September")
Schneider Electric hits over 6-year high, surges 12% in a weak market
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.
 "Schneider Electric hits over 6-year high, surges 12% in a weak market")
Is the worst over for global equity markets?
Business Standard's Puneet Wadhwa spoke with Mark Matthews, head of research for Asia at Julius Baer to understand what he makes of the current market rally and if the worst of inflation is behind us
 "Is the worst over for global equity markets?")
Analysts bullish on banks, defence-related plays in the PSU pack
The rally in PSU pack thus far in CY22 was mostly led by stocks from the banking and defence-related verticals, while those of oil & gas and metals & minerals did not contribute much
 "Analysts bullish on banks, defence-related plays in the PSU pack")
Global bond index providers reach out to India amid geopolitical shifts
Recent rally in bonds despite US bond selloff signals optimism on global index inclusion
 "Global bond index providers reach out to India amid geopolitical shifts")
Dollar eyes longest losing streak in a year ahead of US inflation data
Nevertheless, an upside surprise to inflation will easily cement market expectations of another outsized 75 basis points rate hike
 "Dollar eyes longest losing streak in a year ahead of US inflation data")
Reliance Capital hits fifth straight upper limit, soars 27% in one week
The stock was locked in upper circuit for the fifth straight day, up 5 per cent at Rs 17.93 on the BSE in Wednesday's trade in an otherwise weak market.
 "Reliance Capital hits fifth straight upper limit, soars 27% in one week")
Investors richer by Rs 5.68 trn as stock markets rally over 2.5%
The BSE Sensex jumped 1,564.45 points or 2.7% to settle at 59,537.07
 "Investors richer by Rs 5.68 trn as stock markets rally over 2.5%")
FOMO or attractive valuation? What drew FIIs back to Indian equities?
The change in their stance, analysts said, stems from the hope that the global central banks, especially US Fed may go soft on rate hikes as inflation cools off over the next few months.
 "FOMO or attractive valuation? What drew FIIs back to Indian equities?")
Fastest market rebound since 2003 invites scepticism for Indian stocks
The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals
 "Fastest market rebound since 2003 invites scepticism for Indian stocks")
Sensex reclaims 60,000 mark. What should your market strategy be now?
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
 "Sensex reclaims 60,000 mark. What should your market strategy be now?")
Banks may incur Rs 13,000 cr MTM losses in Q1 on rising bond yields: Icra
State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike
 "Banks may incur Rs 13,000 cr MTM losses in Q1 on rising bond yields: Icra")
RIL has held this tech support level since 2015. Can it slip below it now?
At the current levels, the stock trades 10 per lower from its historic peak of Rs 2,858.15 hit on April 29, 2022
 "RIL has held this tech support level since 2015. Can it slip below it now?")
ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days
Analysts believe that increased traction in exports and services coupled with strong execution drove ABB's strong performance across segments.
 "ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days")
Can the Nifty 50 index hit 15,000 in three months? Here's what charts say
Sensex and Nifty need to conquer 100-DMA to avoid a major sell-off. Global cues, too, need to remain supportive for the up trend to resume
 "Can the Nifty 50 index hit 15,000 in three months? Here's what charts say")
Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis
Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading
 "Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis")
Investors richer by over Rs 13.16 trn in five days of market rally
Infosys topped the Sensex gainers' chart in Monday's session, spurting 3.76%, while HDFC Bank climbed 3.25% after the RBI on Saturday lifted all restrictions on the private sector lender
 "Investors richer by over Rs 13.16 trn in five days of market rally")
Bulls charge: Sensex soars over 1,200 points; 3 factors fueling the rally
The surge comes on hopes of de-escalation of the Russia-Ukraine conflict after the Ukrainian President Zelenskyy indicated that the country was no longer interest in NATO membership
 "Bulls charge: Sensex soars over 1,200 points; 3 factors fueling the rally")