Page 49 - Stock Markets
BSE Healthcare index hits record high on the back of positive news flow
The S&P BSE Healthcare index, the top gainer among sectoral indices, rose 3.5 per cent to close at 20,405 points, as compared to 0.34 per cent decline in the Sensex
 "BSE Healthcare index hits record high on the back of positive news flow")
BofA Securities, Credit Suisse, Goldman Sachs see more upside for equities
A BofA September Global Fund Manager Survey for September suggests that 58 per cent of those surveyed say the market is in a bull-phase - up from 25 per cent who believed so in May.
 "BofA Securities, Credit Suisse, Goldman Sachs see more upside for equities")
'Valuation in certain pockets of the market is looking elevated'
"Stock markets and economies globally do get impacted by events all the time and hence there is no such thing as the right time to invest," Gopalakrishnan says.
 "'Valuation in certain pockets of the market is looking elevated'")
Indian MFs turn to global funds for better yields, reduction of home bias
Financial planners recommend setting aside 5 to 10 per cent of one's portfolio in international funds
 "Indian MFs turn to global funds for better yields, reduction of home bias")
Shift to e-DIS method to keep securities in your demat acccount safe
This will ensure that you don't have to give power of attorney to your broker and yet do not lose out on convenience
 "Shift to e-DIS method to keep securities in your demat acccount safe")
Va Tech Wabag rallies 20% as Co's board to consider fundraising next week
For the quarter ended March 2020, net profit of the company came in at Rs 30.47 crore, down 25.2 per cent against Rs 40.77 crore in the year-ago period.
 "Va Tech Wabag rallies 20% as Co's board to consider fundraising next week")
Don't see much upside in mid, smallcaps from here: Vinay Khattar, Edelweiss
Khattar remains bullish on IT, pharma, and select segments of consumption and bearish on the entire banking and NBFC space
 "Don't see much upside in mid, smallcaps from here: Vinay Khattar, Edelweiss")
Indiabulls Group stks up as SS Mundra to be non-executive chairman of IBHFL
The announcement came after Sameer Gehlaut stepped down as executive chairman of Indiabulls Housing Finance with immediate effect.
 "Indiabulls Group stks up as SS Mundra to be non-executive chairman of IBHFL")
Lemon Tree Hotels launches hotel in Dwarka, Gujarat; stock advances 10%
For the quarter ended June 2020, the company's revenue from operations declined 71.1 per cent year-on-year (YoY) to Rs 40.7 crore.
 "Lemon Tree Hotels launches hotel in Dwarka, Gujarat; stock advances 10%")
Equity MFs witness outflows after 4 years amid Covid-19 uncertainty
Outflows stood at over Rs 3,500 crore in July as investors took advantage of market rebound amid Covid uncertainty
 "Equity MFs witness outflows after 4 years amid Covid-19 uncertainty")
Varun Beverages: Good recovery, better margin outlook augur well for stock
Though out-of-home consumption is still under pressure due to the coronavirus pandemic, rising in-house consumption of carbonated soft drinks (CSD) is partly reducing the pressure on overall volumes
 "Varun Beverages: Good recovery, better margin outlook augur well for stock")
Sebi allows exchanges to regulate registered investment advisers
Advisors say move can help curb mis-selling through stock tips
 "Sebi allows exchanges to regulate registered investment advisers")
BSE Q1 net profit drops 21.4% to Rs 32.48 cr; income falls to Rs 162.11 cr
The exchange had posted a net profit of Rs 41.32 crore in the year-ago period, BSE said in a regulatory filing on the NSE
 "BSE Q1 net profit drops 21.4% to Rs 32.48 cr; income falls to Rs 162.11 cr")
Apple beats Saudi Aramco, becomes most valuable publicly listed firm globally
After reporting blockbuster quarterly results, Apple's stock surged over 10% on Friday to end the session at $425.04, putting its market capitalisation at $1.82 trillion
 "Apple beats Saudi Aramco, becomes most valuable publicly listed firm globally")
Birla Tyres to RCom, low-denomination stocks hit top gear on Dalal Street
Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them
'Markets may remain volatile and directionless in next couple of months'
Some sectors like telecom, FMCG, select consumer durables, two-wheelers, IT, and select financials etc. are likely to recover faster, Jain said
 "'Markets may remain volatile and directionless in next couple of months'")
Covid-19 pandemic: Kodak stock surges 655% on drug production news
The company's value climbed to $1.99 billion as of 10:25 am in New York, after closing on Friday shy of $100 million
 "Covid-19 pandemic: Kodak stock surges 655% on drug production news")
Market regulator issues guidelines on leveraged intra-day trades
The regulator has asked brokers to collect upfront so-called value at risk (VaR) margin and extreme loss margin (ELM) even for trading in the equity cash segment.
 "Market regulator issues guidelines on leveraged intra-day trades")
It's advisable to invest in value funds for balanced portfolio, say experts
Have a horizon of 5-7 years and limit allocation to 15-20% of equity portfolio
 "It's advisable to invest in value funds for balanced portfolio, say experts")
Trading volumes spurt in June; buoyancy in stock market boosts activity
Turnover in cash market segment doubles in June after increased interest from young investors
 "Trading volumes spurt in June; buoyancy in stock market boosts activity")
