Page 12 - Stock Markets
Sensex gains 86 pts; Nifty above 18,300; HCL Tech slumps 6%; Auto stocks up
In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher.
 "Sensex gains 86 pts; Nifty above 18,300; HCL Tech slumps 6%; Auto stocks up")
India Cements gains 5%; hits highest level since January 2008
Analysts expect margins of cement companies to bottom out in Q3FY22, with likely recovery in demand and prices.
 "India Cements gains 5%; hits highest level since January 2008")
Markets rally as US Fed expands balance sheet; $31 bn added in last 2 weeks
Historically, there has been a high positive correlation between the changes in the US Federal balance sheet and the changes in the Indian equity markets
 "Markets rally as US Fed expands balance sheet; $31 bn added in last 2 weeks")
Sensex ends 466pts off low, down 12pts; Nifty holds 18,250; IT stocks shine
TCS, Infosys, L&T, Tech M, and HDFC Bank were the top gainers on the Sensex today.
 "Sensex ends 466pts off low, down 12pts; Nifty holds 18,250; IT stocks shine")
Stock of this smallcap state-owned mining firm has zoomed 44% in one week
In the past one week, the stock has zoomed 44 per cent, on expectation of improvement of company's performance, primarily due to the price hikes taken in the lignite division.
 "Stock of this smallcap state-owned mining firm has zoomed 44% in one week")
Sensex ends choppy day 85 pts up; Wipro sinks 6%; Nifty Metal rallies 3.5%
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
 "Sensex ends choppy day 85 pts up; Wipro sinks 6%; Nifty Metal rallies 3.5%")
Tata Motors, Tata Motors DVR recover 4% from intra-day lows
On Wednesday, after market hours, Tata Motors announced that its subsidiary, Jaguar Land Rover recorded a 37.6 per cent year on year (YoY) drop in retail sales to 80,126 units in Q3.
 "Tata Motors, Tata Motors DVR recover 4% from intra-day lows")
Pricol soars 13%, hits all-time high on healthy business prospects
Rating agency ICRA said that its reaffirmation in ratings takes into account Pricol's strong revenue and margin growth in FY2021 and H1 FY2022.
 "Pricol soars 13%, hits all-time high on healthy business prospects")
Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
 "Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel")
DMart slips 8%, hits over 3-month low; down 12% in 3 days post Q3 results
The management indicated that it continues to monitor the current situation, wherein the trend in sales and footfall will depend on any local pandemic related restriction on trade activities.
 "DMart slips 8%, hits over 3-month low; down 12% in 3 days post Q3 results")
Goldiam International soars 16% on stock split plan; gains 350% in one year
The company said its board will meet on February 8 to consider the proposal for sub-division/split of company's equity shares of face value of Rs 10 each.
 "Goldiam International soars 16% on stock split plan; gains 350% in one year")
Vodafone Idea gains 14% on heavy volumes after crashing 21% a day before
On Tuesday, the stock of the telecom services provider had tanked 21 per cent to Rs 11.80 after the company said it agreed to convert interest on deferred statutory dues into equity.
 "Vodafone Idea gains 14% on heavy volumes after crashing 21% a day before")
Sensex rises for 3rd straight day; ends 221 pts up; Voda Idea plunges 21%
The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed
 "Sensex rises for 3rd straight day; ends 221 pts up; Voda Idea plunges 21%")
Nifty50 firms' combined net profit seen rising 25% in third quarter
Metal and mining firms expected to lead earnings growth
 "Nifty50 firms' combined net profit seen rising 25% in third quarter")
Macquarie values Paytm at Rs 900; stock falls 45% against issue price
Global brokerage Macquarie has maintained its 'underperform' rating on the stock and reduced its target price (TP) to Rs 900.
 "Macquarie values Paytm at Rs 900; stock falls 45% against issue price")
Australian shares end lower over Omicron surge worries, tech slide
Total infections in Australia continued to surge, with over half a million cases reported over the last week, straining the country's healthcare infrastructure and supply chains
 "Australian shares end lower over Omicron surge worries, tech slide")
UPL gains 7% in four days on hopes of margin expansion
Brokerages CLSA and Emkay Global Financial Services have recommended 'buy' rating on UPL with target prices of Rs 1,100 and Rs 910, respectively.
 "UPL gains 7% in four days on hopes of margin expansion")
Sensex sheds 621pts amid Omicron woes, weak global cues; Nifty below 17,750
Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant
 "Sensex sheds 621pts amid Omicron woes, weak global cues; Nifty below 17,750")
Sensex rallies 367 pts, ends above 60K; Nifty holds 17,900; financials gain
Large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors belonging to the space.
 "Sensex rallies 367 pts, ends above 60K; Nifty holds 17,900; financials gain")
Stock market optimism falters; higher US yields hit tech stocks
After the tech-heavy Nasdaq fell 1.3% in Wall Street on Tuesday, Asian shares fell overnight
