Page 29 - Market News
Infosys soars 10% after Q1 showing; Sensex ends 419 points higher
M&M, Nestle India, IndusInd Bank, Kotak Bank, HCL Tech, Bajaj Finance and Axis Bank were the other gainers, spurting up to 3.81 per cent
 "Infosys soars 10% after Q1 showing; Sensex ends 419 points higher")
Fewer takers for smaller companies' shares amid the Covid-19 crisis
A total of 423 stocks declared illiquid in June quarter, up from 340 a year ago and and 223 in June 2018
 "Fewer takers for smaller companies' shares amid the Covid-19 crisis")
Equity schemes with sizeable cash holdings likely to see limited gains
According to data sourced from primemfdatabase.com, as many as eleven small-cap schemes held 7 per cent of their asset base in cash at the end of June
 "Equity schemes with sizeable cash holdings likely to see limited gains")
Yes Bank garners Rs 4,500 cr from anchor investors ahead of FPO
The company has fixed the price band at Rs 12-13 per equity share for its follow-on public offer (FPO) which will be open for subscription from July 15-17
 "Yes Bank garners Rs 4,500 cr from anchor investors ahead of FPO")
Rossari Biotech receives three times the demand of shares on offer in IPO
On Tuesday, the IPO garnered bids for 24.3 million shares as against 8.17 million available
 "Rossari Biotech receives three times the demand of shares on offer in IPO")
NCDEX raises compensation limit to Rs 5 lakh from investor protection fund
"Such revision is applicable in respect of all claims settled out of Trust, wherein settlement is done post the date of revision of such limits i.e. February 12, 2020," it said
 "NCDEX raises compensation limit to Rs 5 lakh from investor protection fund")
Sebi slaps Rs 10 L fine on Indiabulls Real Estate CFO for insider trading
Securities and Exchange Board of India (Sebi) carried out an analysis of the trading activity in the scrip of Indiabulls Real Estate Limited (IBREL) during January-June period 2017
 "Sebi slaps Rs 10 L fine on Indiabulls Real Estate CFO for insider trading")
Investors must shun retail apparel stocks over negative operating leverage
To limit the impact on financials, companies have been looking at ways to cut costs by asking for a waiver, or lower rentals, for the duration of the lockdown
 "Investors must shun retail apparel stocks over negative operating leverage")
Back in vogue: Banks, financial services stocks lead market recovery
Market participants are hopeful the asset quality deterioration of banks and NBFCs would not be to the extent expected earlier, and that the lending books may recover fast enough
 "Back in vogue: Banks, financial services stocks lead market recovery")
Markets have factored in the worst-ever quarterly numbers: Sunil Singhania
Global central banks have used the balance-sheet expansion mode to tide over the near-term economic stress because of the Covid-19 pandemic
 "Markets have factored in the worst-ever quarterly numbers: Sunil Singhania")
Defence PSUs can deliver good returns to investors, shield portfolio
The debt-free status is positive; robust order book and execution will drive earnings
 "Defence PSUs can deliver good returns to investors, shield portfolio")
Bull run pushes market valuations to 10-year high; Nifty ends at 10,800
After 5 consecutive days of gains, the Nifty 50 index on Tuesday ended at 10,800, its highest close since March 6-before India imposed lockdowns and the economic went through a virtual halt
 "Bull run pushes market valuations to 10-year high; Nifty ends at 10,800")
Shriram Transport Finance okays rights issue to promoters for Rs 1,500 cr
The issue has been fixed at Rs 570 per share, including premium of Rs 560 per rights equity share, it said
 "Shriram Transport Finance okays rights issue to promoters for Rs 1,500 cr")
Fundamentally sound stocks are available at inexpensive valuation: S Naren
"Investors have realised the trouble in the debt markets is not systemic and it has been business as usual for fund houses with good quality underlying debt paper," Naren said
 "Fundamentally sound stocks are available at inexpensive valuation: S Naren")
Most stocks making positive contribution a healthy sign for market: Experts
During the June quarter, all the Nifty 50 components, but four posted gains. Market players said most stocks making positive contribution is a healthy sign for the market
 "Most stocks making positive contribution a healthy sign for market: Experts")
Street signs: Market trend remains bullish, low float, higher price & more
Technical analysts say the Nifty has formed a bullish pattern on the weekly charts and is headed towards 10,700-10,800, which is a key resistance zone
 "Street signs: Market trend remains bullish, low float, higher price & more")
Shriram Transport to tap market after a decade, plans Rs 1,500 cr rights
Sources said issue may be launched July-end or first week of August; eight merchant bankers have been shortlisted
Agri demand gives tyre maker Balkrishna Industries firm grip in FY21
Gain in market share, strong balance sheet are other positives
 "Agri demand gives tyre maker Balkrishna Industries firm grip in FY21")
RIL flexes muscle in benchmark indices, stock now makes up 15% of Sensex
Price more than doubles from March lows, when it accounted for 9.2%
 "RIL flexes muscle in benchmark indices, stock now makes up 15% of Sensex")
Investors to monitor geopolitical developments, Covid-19 trends: Analysts
According to analysts, besides stock-specific action, trend in global markets, and foreign fund movement would also dictate sentiments
 "Investors to monitor geopolitical developments, Covid-19 trends: Analysts")
