Markets

Avenue Supermarts rating: Hold; Online scale-up a must for future

Company expected to gain from industry consolidation; ‘Hold’ retained, given lofty valuations, with TP of Rs 2,157
All priced in—We remain positive on DMart given the long-term structural play, lean cost structure, strong liquidity support and a superior execution record.

RBI policy review, global trends to dictate stocks this week, say analysts

The stock indices declined for six straight sessions to Thursday, plunging by more than 7 per cent due to growth concerns after resurgence in coronavirus cases globally.

The PMI data for the manufacturing sector is scheduled to come on Thursday.

Chennai EOW files FIR against arms of Franklin Templeton

The FIR has named Santosh Das Kamath, MD and chief investment officer, FTAMIL; Sanjay V Sapre, whole-time member, FTAMIL; their directors Jayaram Subramaniam Iyer, Vivek Kudva, RV Subramaniam and Pra

According to CFMA, a larger number of investors have dragged Franklin Templeton in court demanding refund of their investments.

CFMA says mulling class-action suit against Franklin Templeton

It has accused the fund house and its top management of conspiracy to defraud 3 lakh investors by causing wrongful loss to them and unlawful gain to themselves.

The CFMA (Chennai Financial Markets & Accountability) has requested all aggrieved investors to come together for filing the class-action suit, it said in a statement.

MMTC-PAMP launches buy-back, exchange offers for gold

The gold price will be determined based on the daily updated prices based on international live price plus applicable taxes.

Starting with its Lajpat Nagar centre in Delhi, this facility will be rolled out soon across the country, it added.

Mindtree co-founder Krishnakumar Natarajan, family sell 0.2% stake in company for Rs 42 crore

In recent multiple transactions, Krishnakumar Natarajan sold about 2.85 lakh shares. His shareholding now stands at 1.79 per cent.

Mindtree, krishnakumar Natarajan

Stock market volatility continues: A six-step guide to sail smooth during market volatility

Investors need to have a keen eye and watch out for the potential risks of a volatile market. If you have a tried-and-tested strategy, you can choose to stay invested

Stock market, IPO

3 IPOs open next week: UTI AMC, Mazagon Dock, Likhitha Infrastructure; price band, lot size, other details

Following the success of five IPOs so far this month, three more companies, UTI AMC, Mazagon Dock Shipbuilders and Likhitha Infrastructure, are set to launch initial public offerings (IPOs) next week

UTI AMC, Mazagon Dock Shupbuilders, Likhitha Infrastructure, IPO

Has the gold bull run ended? Even as gold prices off Rs 6,200 from record high, gold will bounce back

In the current quarter, volatility has emerged again; gold first hit $2,072 and silver $29.83 in the first week of August, and then we have seen a sharp correction.

gold prices, gold rates, silver

Maintain ‘buy’ on Balkrishna Industries

India’s agri tyre export revenues rose 49% y-o-y in August (from 44% y-o-y in July). Construction/Mining (OTR) segment growth also accelerated to 19% y-o-y in August (from 8% y-o-y in July).

Maintain ‘buy’ on ITC with unchanged FV at Rs 260

FY2020 Ebitda growth print (+4% y-o-y) was impacted by higher taxation and Covid outbreak. FCF grew 30% to Rs 117 billion led by reduction in W-cap and tax rate cut

Equitas Small Finance Bank reduces IPO size from Rs 550 crore to Rs 280 crore

The company has also reduced the EHL shareholder reservation portion from Rs 100 crore to Rs 51 crore and the employee reservation portion from Rs 5 crore to Rs 1 crore.

However, the Covid has delayed the IPO process.

Cotton purchase exceeds record 10 million bales

Market prices of the ICS-105 cotton variety (28mm) in Gujarat were ruling at just Rs 35,900 per candy, of 356 kg, on Wednesday, down by about 12% from a year before.

Market prices of the ICS-105 cotton variety (28mm) in Gujarat were ruling at just Rs 35,900 per candy, of 356 kg, on Wednesday, down by about 12% from a year before.

Sensex rallies 835 points as banks, IT lead charge

The movement in the Indian market was largely impacted by the directions coming from the Wall Street and other global markets.

Market experts think the correction in the markets could have stopped for now.

Global stocks turn lower, with S&P facing 4th week of losses

The future for the Dow industrials slipped 0.6% while the S&P 500 future lost nearly 0.5%. The S&P 500 has booked losses for three weeks in a row and appears likely to extend that to four.

Yes Bank: Sebi slaps Rs 1 crore fine on Rana Kapoor for disclosure lapses

Kapoor being a 'guarantor' of the agreement has provided "personal guarantee" for the obligations of Morgan to the extent of Rs 410 crore and provided his shares in the company as a security for the o

Vodafone Idea shares jump nearly 14%; market valuation rises to Rs 3,563.86 crore

The stock jumped 13.60 per cent to close at Rs 10.36 on the BSE. During the day, it zoomed 14.91 per cent to Rs 10.48.

Investors richer by Rs 3.52 lakh cr as markets make strong comeback

Snapping its six-day falling streak, the BSE benchmark index jumped 835.06 points or 2.28 per cent to close at 37,388.66.

Following the broad-based recovery, the market capitalisation of BSE-listed firms zoomed Rs 3,52,020.53 crore to Rs 1,52,28,237.75 crore on Friday.

FIEO urges commerce ministry to exclude ‘Bangalore rose’ onion from export ban list

On September 14, the government banned the export of all varieties of onions with immediate effect, a move aimed at increasing availability and checking price of the commodity in the domestic market.

"Such measures will immediately and partially relieve the difficulties faced by the onion exporters. We look forward to your favourable consideration in the matter," the letter said.

Sensex, Nifty snap two-week gaining streak, ends 3.8% down this week; here’s what to expect next week

Staging a smart recovery from previous session's losses, Sensex and Nifty ended up over 2% on Friday. However, the headline indices ended this week down 3.8 per cent, snapping two-week gaining streak

sensex, nifty

Sensex, Nifty rebound strongly; time to re-enter share market or is further correction on the cards?

Despite the current correction, analysts believe that stock markets are still in a bull phase but near term volatility could be experienced.

Which stocks to buy amid share market correction: As Sensex plunges, bet on these sectors | Geojit INTERVIEW

We had a V shape recovery in the last 6 months, and the market may have difficulty in maintaining that trend in the short-term, says Satish R Menon of Geojit Financial Services

Sensex, nifty, midcap, smallcap

Looking to beat volatile stock markets, here’s how to build a turbulence proof portfolio

Equity markets have always been volatile; in fact, volatility is in the inherent nature of equity investing. If it’s not volatile it’s not equity investing.

It stocks, HCL tech, Wipro, Infosys

‘Buy’ Bharti Airtel stock; Credit Suisse, Macquarie, Goldman Sachs see 60% upside in share price

Research and brokerage firms Credit Suisse, Macquarie, Goldman Sachs are upbeat on the Bharti Airtel stock price, with potential upside up to 60 per cent

Bharti Airtel, Vodafone Idea, Reliance Jio
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