Yoosef KP

Articles By Yoosef KP

154 Articles

Rakesh Jhunjhunwala buys 1.3 crore Yes Bank shares for Rs 87 crore

The private lender had reported a net loss of Rs 600 crore for the quarter ended September 2019 on the back of a one-time deferred tax adjustment of Rs 709 that the bank had taken to avail of the lower tax rate announced by t

yes bank, banking sector News

Corporate tax cut: Dividend bonanza likely in consumer, financial sectors

The dividend payout of consumer and financial companies is likely to increase, as the cut in corporate taxes would boost profitability of these firms.

Most companies from these sectors are more generous when it comes to paying dividends. News

Samvat 2075: Poor showing by broader markets eclipses rally in benchmarks

The sharp deceleration in the economy — GDP growth fell to 5% in Q1FY20, the lowest growth in 25 quarters — disappointed investors. Most economists as also the Reserve Bank of India (RBI) have lowered their growth estimat

Markets News

PSUs record huge erosion in value, experts say privatisation can change things

Over the past five years, when the benchmark Sensex clocked a return of 45%, the BSE PSU index and the Nifty PSU Bank index yielded negative returns of 17% and 36%, respectively.

PSU, huge erosion, expert, privatisation, economy, BSE, ONGC, Coal India, NTPC, Container Corporation of India, CCI, Bharat Petroleum Corporation, BPCL News

Axis AMC CEO says wealth creation will happen from quality growth business

The biggest arbitrage available in the market is for people who think long term. I am very clear that wealth creation over the five-year period will happen from quality growth business.

Axis AMC, CEO, wealth creation, quality growth business, growth business, Asset Management Company, slowing economy News

Markets cheer Brexit, Sensex soars 453 points

The Sensex surged 453.07 points on Thursday to mark its fifth day of gains. The benchmark index closed at 39,052.06 points and has gained over 3% in the last five sessions. The Nifty spiked 122.35 points, or 1.07%, to settle

Market news, Brexit, Sensex, Share, bse, Nifty, Tata Motors, HCL Tech, Vedanta, PowerGrid, Kotak Bank, Infosys, ONGC, Tech Mahindra, L&T, HDFC Bank , IndusInd Bank, SBI, Bajaj Auto, Asian Paints, Axis Bank, Tata Steel, Maruti, News

Bajaj Consumer shares tank as promoters sell 22%

Natwest Bank as trustee of The Jupiter India Fund and Steinberg India Emerging Opportunities Fund bought stock worth about Rs 45 crore each. Post deal, the promoter holding will come down to 38%.

Bajaj Consumer Care, bajaj debt, Bajaj, Resources, Millennium Stock Broking, Jupiter India Fund, Steinberg India Emerging Opportunities Fund News

Market reaction: Sensex sheds 433 points as growth concerns mount

Market believes latest round of rate cuts may not be enough to revive demand

Sensex, Reserve Bank of India, GDP growth, Bank stocks, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Nifty50 News

Sensex posts second-biggest single-day jump

The Sensex witnessed the biggest single-day gain since May 2009 when the benchmark had hit two upper circuits on the same day following the Congress-led UPA retaining power in the general election.

Sensex, market, market news, corporate tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019, corporation tax rate, BSE, BSE auto, BSE Bankex, Maruti Suzuki, Hero Motcorp, HDFC Bank, IndusInd Bank, State Bank of India News

Closing in: Infosys rally narrows valuation gap with TCS

nvestors seem to have not only bought into the Infosys growth story but also the fact that the company intends to distribute a larger portion of free cash-flows to shareholders.

Infosys, Infosys stock, TCS, valuation gap, Jefferies, 'buy' rating News

Earnings revival key to sustained markets rally as downgrades continue

Net sales for a sample of 2,179 companies grew at a lowest pace of 5.9% in Q1FY20, compared to 9.5% in Q4FY19 and over 18% for the quarter ended December 2018, data from Capitaline revealed.

Markets News

Tata Motors stock tanks 9.3 pct to hit a near-decade low

Interestingly, the market capitalisation of Tata Motors, which boasted over 14% to the Tata Group’s market valuation in the beginning of 2018, plunged to just 3.1% as on Wednesday.

Tata Motors, Tata Motors news,Tata Motors share, Tata Motors stock, Tata Motors ltd, market news,  News

Sensex soars 637 points amid FPI tax proposal rollback buzz

Foreign investors, once the driving force of Indian equities, have been cutting their exposure ever since the government proposed a higher tax on overseas funds structured as trusts.

Sensex, FPI tax proposal, HCL Technologies, Tata Motors, Mahindra & Mahindra, Bajaj Auto, Index members News

RBI cut fails to cheer rate-sensitive stocks

Conventionally, rate sensitive stocks tend to move up when RBI reduces interest rate as the cut in turn will boost credit growth in the banking system, there by giving more money in the hands of customers.

NCD market, stock market, share market, bses, sensex, RBI monetary policy,  News

Airtel pips Maruti, Axis Bank; now 13th most valued firm by m-cap

In fact, this is the first time that Bharti’s Arpu came higher than that of Jio.

Industry News

Brewing trouble: Nearly 90% stocks down after Budget

Budget 2019 India: Foreign portfolio investors (FPIs) have pared their portfolios for 13 straight sessions, selling shares worth $1.62 billion since July 5 — sales in the last three sessions have crossed $500 million.

Crash landing, Nifty, Sensex, Credit Suisse, BSE FMCG, HDFC Bank, BSE Auto, 1Q earnings News

Markets take a tumble again; FPIs pull out $1.2 billion in July

Sensex has shed 1,200 points in the last three sessions, taking the benchmarks down to a two-month low.

Markets News

Indian equity market only loser among top 10 in last one month

While the Indian rupee appreciated nearly 2% against the greenback in the last one month, euro and Hong Kong dollar gained 0.43%. and 0.08%, respectively.

Indian equity market, equity market, market news, share market,  News

Budget 2019: Shares of many MNCs likely to be hit with proposal to increase public shareholding

Union Budget 2019 India: There are 1,101 companies on Union Budget 2019 India: BSE, enjoying promoter holding of more than 65%.

Budget 2019-20, Union Budget 2019 India News

Sensex at 40k-mark but mid-caps stocks are faring poorly

Sensex’s reaching the 40k-mark in early June may suggest market is in good health, but reality is quite different; mid-caps and small caps are faring poorly.

stocks, stock markets, mcaps News

Nearly one-fourth of India Inc posted losses in FY19

Loss-making companies have among them lost Rs 2 lakh crore in FY19 — a 15-fold jump over the last 10 years. In contrast, a clutch of 316 firms in FY10 had reported a combined loss of Rs 12,995 crore. 

India Inc, global growth,  textiles sector, capital goods sector, Reliance Naval and Engineering, GMR Infra News

Reliance Industries overtakes Indian Oil to become largest company by revenue

The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company by revenue.

While the net revenue of RIL surged by 44.8% in FY19 to Rs 5.67 lakh crore, the revenues of IOC rose by 28.03% during the year to Rs 5.28 lakh crore — Rs 38,986 crore less than that of RIL, Bloomberg data show News

Market boost: Stocks soar ahead of Sunday’s exit polls

The Sensex gained a smart 537.29 points or 1.44% to close at 37,930.77, suggesting investors are pricing in the formation of a stable government. The broader Nifty rallied 150.05 points, or 1.33%, to end the session at 11,407

With Friday’s gain, the Sensex has added about 816 points in the last two sessions. (File photo) News

Sensex continues to fall, investors lose over Rs 6 lakh crore in 7 days

With Thursday’s fall, the Sensex has lost 1,508.42 points or about 4% in the last seven sessions, marking its longest losing streak in nearly three months.

Markets News

Reliance, TCS, HDFC Bank stand tall as broader index loses Rs 2 lakh cr in market cap

The losses would be even higher, if one were to exclude three big firms – Reliance Industries, Tata Consultancy Services and HDFC Bank – from the sample.

stock market investment strategy during election uncertainty News

Reliance Industries posts its lowest ever return on assets in last fiscal

The Kotak Institutional Equities also opined notwithstanding Jio’s demerger, overall capital work in progress remained high at `1.8 lakh crore, including `1.1 lakh crore in standalone entity.

Industry News