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Showing posts from June, 2021

Ahead of Market: 12 things that will decide stock action on Monday

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of Torrent Pharma, Mindteck, Capacit’e Infraprojects, APL Apollo Tubes and La Opala. from Stocks-Markets-Economic Times https://ift.tt/3sHwST0 via Urmarketspy

Japan business mood at 2.5-year high as COVID hit eases

Service-sector sentiment also turned positive for the first time in five quarters, the Bank of Japan#39;s (BOJ) "Tankan" survey showed, indicating that the economic recovery was broadening even as Japan struggles to contain a fresh wave of coronavirus infections. from Moneycontrol Latest News https://ift.tt/3Ag3MLU via Urmarketspy

SP 500 notches fifth straight record closing high, fifth straight quarterly gain

In the last session of 2021#39;s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower. from Moneycontrol Latest News https://ift.tt/3hljmgF via Urmarketspy

DAILY VOICE | Third Covid wave biggest test for Indian market, says Amit Shah of BNP Paribas

We do not think the domestic economy-related stocks will materially outperform as the second lockdown was very methodical with select sectors like travel, tourism, restaurants, and consumers were severely impacted, says Shah. from Moneycontrol Latest News https://www.moneycontrol.com/news/market-outlook/daily-voice-|-third-covid-wave-biggest-test-for-indian-market-says-amit-shahbnp-paribas_15245581.html via Urmarketspy

Gold loan upcycle to lift Muthoot and Manappuram: BofA

​Shares of Manappuram Finance surged close to 4% to Rs 168.8 on Wednesday, while Muthoot Finance gained 0.8% at Rs 1,480.9. from Stocks-Markets-Economic Times https://ift.tt/3xb5Se6 via Urmarketspy

Interest rates of PPF, NSC and other post office schemes kept unchanged by govt

As per the circular, PPF will continue to earn 7.10%, the NSC will fetch 6.8%, and Post Office Monthly Income Scheme Account will earn 6.6%. from Stocks-Markets-Economic Times https://ift.tt/3jvV5Y3 via Urmarketspy

Current a/c ended FY21 in surplus, a first in 17 years

The current account balance- comprising net of India's export of goods and services- recorded a surplus of 0.9 per cent of GDP in 2020-21 as against a deficit of 0.9 per cent in 2019-20 on the back of a sharp contraction in the trade deficit to $ 102.2 billion from $ 157.5 billion in 2019-20, according to the preliminary numbers released by RBI. from Stocks-Markets-Economic Times https://ift.tt/3x9WmIk via Urmarketspy

IRFC income jumps 126% to record Rs 1,482.5 cr in Q4

The New Delhi-based dedicated market borrowing arm of the Railways attributed the massive growth in the bottom line to the traditionally busy season effect when the Railways draws down the maximum funds from it. from Stocks-Markets-Economic Times https://ift.tt/3juIRz1 via Urmarketspy

Fed's Robert Kaplan says he wants taper to start 'soon,' be gradual

Supply and demand balances in the labor market will likely persist, making "explosive" growth in jobs unlikely, he said, though he expects "continued improvement" in the labor market. from Stocks-Markets-Economic Times https://ift.tt/3duRMMY via Urmarketspy

European shares end lower but gain for a fifth straight month

The pan-European STOXX 600 closed 0.8% lower at 452.84 points but rose 1.4% in June, its fifth straight month of gains. from Stocks-Markets-Economic Times https://ift.tt/3yd8zMf via Urmarketspy

Parsvnath Developers posts Rs 109.56 cr loss in March quarter

Total income fell to Rs 272.79 crore in the fourth quarter of last fiscal from Rs 1,060.74 crore in the corresponding period of the previous year, according to a regulatory filing. from Stocks-Markets-Economic Times https://ift.tt/3hkAlzU via Urmarketspy

Small stocks give higher returns to investors so far this fiscal year

In the last financial year too, small stocks gave handsome returns to investors. from Stocks-Markets-Economic Times https://ift.tt/3du9sIB via Urmarketspy

Ircon International posts 47% rise in March quarter profit to Rs 170 cr

The company has completed more than 128 projects in 25 countries across the globe and 390 projects in various states in India. from Stocks-Markets-Economic Times https://ift.tt/3duYhiI via Urmarketspy

Coffee Day Enterprises posts loss of Rs 272 cr for Q4

Shares of Coffee Day Enterprises Ltd on Wednesday settled at Rs 40.25 on BSE, down 2.78 per cent from its previous close. from Stocks-Markets-Economic Times https://ift.tt/3dua94F via Urmarketspy

BGR Energy Systems March quarter loss widens to Rs 122 cr

Total income during January-March 2021 jumped to Rs 382.82 crore, from Rs 320.32 crore in the year-ago period. from Stocks-Markets-Economic Times https://ift.tt/3duL0a9 via Urmarketspy

Record disbursal, cheaper fund cost buoy IRFC net by 126% to Rs 1,482.5 crore in Q4

For the full year, it has booked a profit of Rs 4,416.13 crore, up 38.34 percent from Rs 3,192.06 crore in FY20, as its revenue from operations rose 17.5 percent to Rs 15,770.47 crore from Rs 13,421.09 crore in FY20. from Moneycontrol Latest News https://ift.tt/3AeMRJE via Urmarketspy

NBCC Q4 profit flat at Rs 83 crore, total income rises to Rs 2,706.80 crore

NBCC closed a net profit of Rs 236.24 crore in the last fiscal year as against Rs 99.86 crore in 2019-20. from Moneycontrol Latest News https://ift.tt/3yek9Hh via Urmarketspy

Omaxe posts Q4 profit at Rs 1.11 crore; income falls 46% to Rs 192 crore

For the full 2020-21 financial year, Omaxe has clocked a net loss of Rs 233.93 crore as against a net loss of Rs 97.33 crore in the previous year. from Moneycontrol Latest News https://ift.tt/3AaqbKR via Urmarketspy

Coffee Day Enterprises Q4 net loss at Rs 272 crore; revenue drops 69%

Coffee Day Enterprises said COVID-19 is "significantly" impacting the business operations of the group by way of interruption of supply chain, closure of hospitality service and travel ban during the lockdown. from Moneycontrol Latest News https://ift.tt/3w8z1VW via Urmarketspy

Day trading guide for Thursday's session

The index is showing a sign of fatigue after forming a bearish belt hold candlestick pattern on the daily chart, according to Jayesh Bhanushali. from Stocks-Markets-Economic Times https://ift.tt/3h34Fjw via Urmarketspy

Bulk Deals | BNP Paribas picks 0.7% stake in Sterling Wilson; Abakkus Fund buys 0.5% shares in IIFL Finance

Promoter Anjan Chatterjee acquired 6.25 lakh equity shares in Speciality Restaurants at Rs 63.26 per share. from Moneycontrol Latest News https://www.moneycontrol.com/news/buzzing-stocks/bulk-deals-|-bnp-paribas-picks-07-stakesterling-wilson-abakkus-fund-buys-05-sharesiifl-finance_15245341.html via Urmarketspy

Trade setup for Thursday: Top 15 things to know before Opening Bell

Any violation of an intraday support zone of 15,700 levels may cause profit booking towards 15,650-15,600 levels, says Rajesh Palviya of Axis Securities. from Moneycontrol Latest News https://ift.tt/3w8uJhw via Urmarketspy

Govt issues ordinance prohibiting strikes by those engaged in essential defence services

The Law Ministry said anyone instigating or inciting others to take part in a strike declared illegal under the Ordinance shall also be punishable with imprisonment for a term which may extend up to two years besides prescribed fines. from Moneycontrol Latest News https://ift.tt/3ycQX35 via Urmarketspy

Actress Allison Mack gets 3 years prison for role in NXIVM cult

Mack, 38, was sentenced by U.S. District Judge Nicholas Garaufis in Brooklyn. from Moneycontrol Latest News https://ift.tt/3xc11to via Urmarketspy

Coronavirus News LIVE Updates: Tamil Nadu reports 4,512 new COVID-19 cases, 6,013 recoveries, and 118 deaths

Coronavirus News LIVE Updates: A net decline of 20,335 cases has been recorded in the COVID-19 caseload in a span of 24 hours. Also, 17,68,008 tests were conducted on Monday taking the total cumulative tests conducted so far for detection of COVID-19 in the country to 40,81,39,287, while the daily positivity rate has declined to 2.12 percent from Moneycontrol Latest News https://ift.tt/3heNs5w via Urmarketspy

HDFC takes over 8.4% in Ansal Housing

Ansal has been defaulting on its loans since 2019. from Stocks-Markets-Economic Times https://ift.tt/3jsSMFk via Urmarketspy

Sebi tightens norms on independent directors

According to Sebi, among other qualifications, an independent director is a person who is not a promoter or a relative of the promoter of the company, its holding, subsidiary or an associate company. from Stocks-Markets-Economic Times https://ift.tt/3dstK5d via Urmarketspy

Bharti Global to invest an additional $500 million in OneWeb

On completion of the investment, expected in the second half of 2021, Bharti’s overall investment in OneWeb would rise to $1 billion and it will hold 38.6% in the satellite company. Bharti Global’s infusion would tale OneWeb’s total funding to $2.4 billion. from Stocks-Markets-Economic Times https://ift.tt/3yaiGkW via Urmarketspy

‘India to record one of the fastest growths in Asia this year’

The projected growth rate is below consensus , but it will be the second fastest in Asia after China which is expected to grow 8.5 per cent, Singapore will be the third fastest which is expected to grow by 6.5 per cent. The caveat here is that a lot of India's growth could be due to the base effect. from Stocks-Markets-Economic Times https://ift.tt/2TbZMM3 via Urmarketspy

India Inc raising offshore funds onshore at GIFT City

“During the pandemic, we have seen a significant surge in business volumes,” said Dipesh Shah, head – development at IFSC, the regulator for Gujarat GIFT City. “Large conglomerates have used IFSC platforms raising finances, which otherwise would have gone to other global centres like Singapore or London.” from Stocks-Markets-Economic Times https://ift.tt/3jqjXR1 via Urmarketspy

SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6b

Stock opened at $28 per share, up from the initial public offering price of $23.50 per share. from Stocks-Markets-Economic Times https://ift.tt/3y6OYgR via Urmarketspy

Ruchi Soya posts Rs 314 cr profit in Q4

Ruchi Soya has forayed into 100 per cent vegetarian nutraceutical and wellness products by initially introducing 10 FMHG products under the joint branding of Nutrela and Patanjali. from Stocks-Markets-Economic Times https://ift.tt/3dtgAox via Urmarketspy

Emkay to launch Rs 500 cr small cap AIF

The proposed fund is the fourth of the Emkay emerging stars fund, which is a category III AIF and has so far returned 110 per cent to investors since the launch a year ago. from Stocks-Markets-Economic Times https://ift.tt/3jrlyWH via Urmarketspy

Sebi fines 2 FPIs for violating market norms

The regulator has dropped charges against designated depository participant (DDP) ICICI Bank Ltd. from Stocks-Markets-Economic Times https://ift.tt/3w0hIX3 via Urmarketspy

Sebi approves stricter independent director norms, measures to attract more investors into market

The new norms will be effective from January 1, 2022. from Stocks-Markets-Economic Times https://ift.tt/3hhR0Ea via Urmarketspy

Sterling and Wilson Solar posts Rs 345 cr loss in Q4

Total income of the company quarter stood at Rs 1,416.33 crore in the March quarter. from Stocks-Markets-Economic Times https://ift.tt/3w5HCJh via Urmarketspy

IndusInd Bank sells over 70 lakh shares of McLeod Russel

IndusInd Bank stock closed at Rs 1,017.25 apiece on BSE, up 0.98 per cent. McLeod Russel shares ended nearly 5 per cent higher at Rs 36.85. from Stocks-Markets-Economic Times https://ift.tt/2Tc1w84 via Urmarketspy

GIC Re posts Rs 1,991 cr profit in FY21

The state-owned reinsurer had posted a loss of Rs 186.46 crore in 2019-20. from Stocks-Markets-Economic Times https://ift.tt/3w5XMSE via Urmarketspy

CCI rejects complaint against NSE with respect to co-location facilities

CCI concluded that there is no prima facie case of violation by the exchange under the Competition Act. from Stocks-Markets-Economic Times https://ift.tt/3xbLxpi via Urmarketspy

Sebi decisions to encourage retail investors' participation in REITs: Realty players

REIT is a tax-efficient vehicle that enables owners of real estate to pool income generating assets together in a portfolio. from Stocks-Markets-Economic Times https://ift.tt/3y8pr7c via Urmarketspy

GOCL Corporation March quarter profit doubles

Consolidated income during the quarter under review stood at Rs 150 crore against a consolidated income of Rs 151 crore in the quarter year-ago. from Stocks-Markets-Economic Times https://ift.tt/3yaKrdt via Urmarketspy

Uflex reports over two-fold jump in Q4 profit to Rs 265 cr

Shares of Uflex Ltd on Tuesday settled at Rs 477.45 apiece, up 0.40 per cent from its previous close. from Stocks-Markets-Economic Times https://ift.tt/3dpfRVk via Urmarketspy

Bulk Deals | Promoter buys stake in Godrej Properties, Godrej Agrovet; Standard Life sells 4.99% stake in HDFC Life

Promoters - Anamudi Real Estates LLP sold 66,33,552 equity shares, and Godrej Seeds and Genetics sold 84,86,859 equity shares in Godrej Industries at Rs 575 per share on the BSE. from Moneycontrol Latest News https://www.moneycontrol.com/news/buzzing-stocks/bulk-deals-|-promoter-buys-stakegodrej-properties-godrej-agrovet-standard-life-sells-499-stakehdfc-life_15241601.html via Urmarketspy

GIC Re swings to black in FY21, posts Rs 1,991 crore net profit

Investment income zoomed to Rs 8,820.86 crore for the year ended March 2021 as compared to the previous financial year#39;s Rs 7,125.48 crore. from Moneycontrol Latest News https://ift.tt/35YdeWj via Urmarketspy

Global shares edge lower on new COVID-19 outbreaks in Asia

Fears over the highly infectious Delta variant are denting sentiment in markets already on edge after the Fed appeared to take a hawkish tilt this month. from Moneycontrol Latest News https://ift.tt/3hlS0ac via Urmarketspy

Trade setup for Wednesday: Top 10 things to know before Opening Bell

Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty is weak with choppy movement. from Moneycontrol Latest News https://ift.tt/3y8eKS6 via Urmarketspy

Supreme Court refuses to hand over AmrapaliĆ¢€™s Le Residentia project to NBCC

The court refuses to recall two orders passed in 2019; directs existing builder to complete the project. from Moneycontrol Latest News https://www.moneycontrol.com/news/real-estate/supreme-court-refuses-to-hand-over-amrapaliĆ¢€™s-le-residentia-project-to-nbcc_15241521.html via Urmarketspy

Buzzing Stocks: RITES, Ramco Systems, NALCO and other stocks in news today

Check out the companies making the biggest headlines before the opening bell. from Moneycontrol Latest News https://ift.tt/2T7yyGl via Urmarketspy

Facebook hits $1 trillion value after judge rejects antitrust complaints

Facebook shares rose more than 4% after the ruling. The share price rise put Facebook#39;s market capitalization over $1 trillion for the first time. from Moneycontrol Latest News https://ift.tt/3AcGMh8 via Urmarketspy

Gold inches lower on firm dollar, Fed hawkish stance

Gold is seen as a hedge against inflation, though a rate hike by the Fed will increase the opportunity cost of holding bullion and dull its appeal. from Moneycontrol Latest News https://ift.tt/3do4U6A via Urmarketspy

Economy: Revival After April-June

India’s economy and its citizens have just endured a harrowing experience with the second Covid wave. But as we look ahead to coming quarters, we see reasons for optimism.The economic impact of the second wave should be localised to April-June 2021-22. from Stocks-Markets-Economic Times https://ift.tt/2Tkc6cS via Urmarketspy