Page 12 - Markets
Shipbuilding stocks in focus; Garden Reach, Mazagaon Dock hit record highs
As reported by Business Standard, the political and economic uncertainties in Sri Lanka and the congestion at the Colombo port are forcing more ships to turn towards Indian ports in recent months.
 "Shipbuilding stocks in focus; Garden Reach, Mazagaon Dock hit record highs")
TCS gains 1% in a weak market on strong demand outlook
The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.
 "TCS gains 1% in a weak market on strong demand outlook")
Gufic Biosciences soars 14%, hits 52-week high on improved business outlook
Rating agency CRISIL Ratings has revised the company's outlook on the long-term bank facilities
 "Gufic Biosciences soars 14%, hits 52-week high on improved business outlook")
US yields jump to three-year highs, stocks slide on CPI outlook
Technology shares, which have been underpinned by record low interest rates, fell 2% in Europe and 2.6% on Wall Street.
 "US yields jump to three-year highs, stocks slide on CPI outlook")
RBI regulated markets to start trading at 9 am from Apr 18
From April 18, the trading hours of these markets will be from 9 am to 3.30 pm, the central bank said in a release on Monday
 "RBI regulated markets to start trading at 9 am from Apr 18")
Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
 "Sensex drops 483 pts as yields hit 3-yr high; IT stks drag, Paytm leaps 12%")
TCS Q4 result today: Here are top brokerage expectations on its performance
Analysts say the company's margins are likely to be flat to slightly negative on QoQ basis due to supply side pressures and high employee costs.
 "TCS Q4 result today: Here are top brokerage expectations on its performance")
ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022
Analysts expect ITC to report a relatively stronger quarter, with the improvement in cigarettes and other divisions and lesser margin pressure compared to FMCG peers.
 "ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022")
Gold Plus Glass Industry files draft papers with Sebi to launch IPO
Gold Plus Glass Industry is one of the leading float glass makers in India, with 16 per cent share of manufacturing capacity in fiscal 2021.
 "Gold Plus Glass Industry files draft papers with Sebi to launch IPO")
Ruchi Soya to change the name of the company to Patanjali Foods
The board of Ruchi Soya also accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved Ltd's food portfolio on an arm's-length basis
 "Ruchi Soya to change the name of the company to Patanjali Foods")
Adani Group stocks extend rally on $2 billion investment by UAE's IHC
International Holding Company (IHC) has agreed to invest $2 billion in Adani Enterprises, Adani Transmission, and Adani Green Energy through preferential issue
 "Adani Group stocks extend rally on $2 billion investment by UAE's IHC")
How India's much-anticipated global bond index inclusion unraveled
Inclusion was perceived as a crucial step change for the $1 trillion market.
 "How India's much-anticipated global bond index inclusion unraveled")
4 of 10 most valued firms lose Rs 1 trn in m-cap; TCS among laggards
Last week, the Sensex slipped 170.49 points or 0.28 per cent, while the Nifty shed 113.90 points or 0.64 per cent.
 "4 of 10 most valued firms lose Rs 1 trn in m-cap; TCS among laggards")
FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities
The latest inflow comes following massive net outflows to the tune of Rs 1.48 lakh crore from equities in the last six months from October 2021 to March 2022.
 "FPIs turn net buyers in April so far; invest Rs 7,707 cr in equities")
Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
 "Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%")
ITC gains 4% to hit 52-week high; stocks surges 24% in 6 weeks
For Q4FY22, Motilal Oswal Financial Services expects ITC to post a 4 per cent growth in Cigarette business volumes with a 4.1 per cent/12.4 per cent YoY increase in sales/EBITDA
 "ITC gains 4% to hit 52-week high; stocks surges 24% in 6 weeks")
Ruchi Soya gains 8% after listing of FPO shares; stock rises 17% in 2 days
Around 66.15 million equity shares, allotted in follow-on-public offering, started trading on the exchanges from today
 "Ruchi Soya gains 8% after listing of FPO shares; stock rises 17% in 2 days")
Sensex skids 575 pts, Nifty below 17,650; Tata Power sinks 4%, RIL 2%
CLOSING BELL: Adani Ports, Titan, HDFC, PowerGrid, Wipro, HDFC Bank, ONGC, PowerGrid, RIL, Bharti Airtel, TCS, Coal India, Tata Steel, and L&T fell between 1.5 per cent and 3.5 per cent
 "Sensex skids 575 pts, Nifty below 17,650; Tata Power sinks 4%, RIL 2%")
Hindustan Aeronautics scales new high on tie-up with Israel Aerospace
Under the pact, the company has partnered with IAI to convert civil (passenger) aircraft to multi mission tanker transport (MMTT) aircraft in India.
 "Hindustan Aeronautics scales new high on tie-up with Israel Aerospace")
Titan Company down 3% as Jewellery biz crawls in Q4 amid rising gold prices
The plain jewellery category bore the brunt of gold volatility in March 2022 leading to a slight decline for the quarter
 "Titan Company down 3% as Jewellery biz crawls in Q4 amid rising gold prices")
