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The market opened on a subdued note on Tuesday and remained rangebound for the first half of the session. However, the last two hours of the trade were very disappointing, as the rupee fell to its fresh lifetime low, and it affected the domestic market, which were grappling with negative global cues.

The NSE benchmark Nifty saw a sharp decline

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European shares seek to extend bounce but trade woes weigh
MILAN: European shares attempted to extend gains in early trading on Tuesday but uncertainty over a trade dispute between Washington and Beijing continued to keep investors on edge.

The STOXX 600 was up 0.1 per cent by 0733 GMT, as gains among oil majors on stronger crude prices offset a weaker basic materials sector. The pan-European index is up

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NEW DELHI: Shares of this listed missile maker halted its sharp downslide on Monday, but was still down for the 10th consecutive session in a row.

This, despite the company having bagged a whopping Rs 9,200 crore order for supply of seven long range surface-to-air missile (LRSAM) systems earlier this week.

The fresh order made Bharat Electronics’ t

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By Lu Wang and Felice MaranzTime may heal all wounds. But the decade since the collapse of Lehman Brothers Holdings Inc. hasn’t been long enough to restore investors’ faith in banks.

While this week marks the 10-year anniversary of the Lehman bankruptcy, an event seen widely as a catalyst for the global financial crisis, data on stock prices and

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Stock market update: Nifty IT in the red; Tech Mahindra, TCS top drag
NEW DELHI: The Nifty IT was trading 0.36 per cent down at 16,048 around 02:30 pm on Tuesday.

Tata Elxsi (down 1.97 per cent), Tech Mahindra (down 1.73 per cent) and Tata Consultancy Services (down 1.33 per cent) were the top losers in the IT index.

Shares of KPIT Technologies (down 0.56 per cent), Infibeam Avenues (down 0.29 per cent) and Wipro

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2018's top sector heads for brokerage upgrade; should you move in
Information technology (IT) as a sector is way ahead of the nearest best performer on Dalal Street as the rupee cracked to a new record low of 72.67 against the dollar.

Global brokerage firm Macquarie believes that the sector does have the currency tailwind in an improving growth environment.

It further said industry trends continue to point to

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Income Tax Dept sells more shares of Cairn Energy to recover retro tax
New Delhi: The Income Tax Department has sold more of Cairn Energy Plc's shares in mining major Vedanta to recover a part of the Rs 10,247 crore retrospective tax demand, the British firm said Tuesday.

The Income Tax Department, which had in May and June sold a little under 2 per cent Cairn's holding in Vedanta for about USD 231 million, sold a

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Share market update: Metal mining stocks mixed; Vedanta, Hindalco in the green
NEW DELHI: Metal - mining stocks were trading mixed in afternoon trade on Tuesday.

The BSE Metal index was trading 0.19 per cent up at 13,828 around 12:55 pm.

Shares of Jindal Steel - Power (up 2.06 per cent), NMDC (up 1 per cent) and Vedanta (up 0.99 per cent) were the top gainers in the index.

Hindalco Industries (up 0.64 per cent),

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Share market update: Nifty FMCG index slips nearly 2%; ITC, HUL among top losers of the pack
NEW DELHI: Most FMCG stocks were experiencing strong selling pressure during Tuesday's session.

The Nifty FMCG was trading 1.91 per cent down at 30,222 at 12:06 pm.

Godrej Consumer Products (down 2.72 per cent), ITC (down 2.69 per cent), Godrej Industries (down 1.81 per cent), Marico (down 1.71 per cent) and Colgate-Palmolive (India) (down 1.50

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NEW DELHI: Extending its losses to the second consecutive session, headline indices Sensex and Nifty suffered massive losses on Tuesday on all-round selling as the rupee hit a fresh record low.

Lingering trade war worries, wobbly crude oil prices and turmoil in emerging markets weighed on sentiments. Sensex settled 509 points, or 1.34 per cent,

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Top intraday trading ideas for afternoon trade for Tuesday, 11 September 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were lacklustre around 12:45 pm on Tuesday as gains in Infosys, SBI and M-M were offset by losses in ITC, HDFC twins, TCS and HUL.

Below are the trading ideas for today’s afternoon trade collated by ETMarkets.com:

ICICI DirectTata Motors is a 'Buy' call with a target price of Rs 279.90 and a

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Companies with hedges can endure 10% more fall in rupee
MUMBAI: Sliding rupee is credit negative for many companies with overseas borrowings, but many of them are covered by natural hedges and can withstand another 10per cent fall, said Moody’s Investor Services.

“Most rated Indian corporates have protections such as natural hedges, US dollar revenue and financial hedges in place to limit the damage of

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ArcelorMittal asks lenders to specify modalities to clear Uttam Galva, KSS Petron dues
By Nayantara RaiArcelorMittal has reached out to the committee of creditors (CoC) seeking to settle the dues of two defaulting firms in which CEO L N Mittal is listed as a promoter, said sources.

It has asked the CoC to specify payment modalities for clearing the dues of Uttam Galva and KSS Petron, an issue that has undermined its efforts to

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Australian shares end losing run as banks, energy firms bounce; NZ up 2 pct
Australian shares advanced on Tuesday, putting an end to eight consecutive days of losses as investors bought into beaten-down banks and as energy stocks firmed on higher oil prices.

The S-P/ASX 200 index rose 0.6 per cent or 38 points to 6,179.7 at the close, after giving up 2.1 points on Monday.

Banks supported the mild recovery on the day,

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Share market update: Over 15 stocks hit 52-week highs in a cautious market
NEW DELHI: Over 15 stocks, including Mindtree, Albert David, Electrosteel Steels, Gangotri Textiles and GlaxoSmithKline Pharmaceuticals, hit 52-week highs on NSE in Tuesday's session.

GTN Industries, Indiabulls Integrated Services, IOL Chemicals and Pharmaceuticals, Jtekt India, Mahindra CIE Automotive, SORIL Infra Resources, Suven Life Sciences

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Tech view: Nifty forms long bearish candle, bracing for the 11,000 level
NEW DELHI: The bears were in the driving seat on Tuesday, following a two-day mauling of the bulls. The table seems to have turned with the formation of back-to-back long bearish candles on the daily chart. The Nifty50 may brace for the 11,000 level soon.

For the day, the index plunged 150.60 points, or 1.32 per cent, to hit 11,287. The index is

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Balrampur Chini shares trade lower post block deal
Shares of Balrampur Chini were trading lower in Tuesday's trade after after Morgan Stanley sold 14.8 lakh shares via block deal.

The scrip was trading 2 per cent down at Rs 77.60 at around 11.50 am (IST), while the BSE Sensex was down 122 points, or 0.32 per cent, at 37,799 at around the same time.

Morgan Stanley France SAS sold 14.80 lakh shares

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Sell Kotak Mahindra Bank, target Rs 1,210: Rahul Sharma
Rahul Sharma of Equity99 has a sell call on Kotak Mahindra Bank with a target price of Rs 1,210.

The current market price of Kotak Mahindra Bank is Rs 1,212.90.

Time period given by the analyst is Intra Day when Kotak Mahindra Bank price can reach the defined target.

Rahul Sharma recommended keeping a stop loss at Rs 1,238.

"The stock has broken

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F O: Market structure confirms Nifty weakness in medium term
By Chandan TapariaThe Nifty50 index failed to cross the 11,500 level and remained under pressure for the major part of Tuesday’s session. It witnessed sharp selloff in last hour of trade and slipped towards the 11,275 mark.

The index formed a Bearish Belt Hold pattern on the daily scale, which suggests the bears were holding a tight grip and

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Japan stocks rise on weaker yen, Nasdaq gain; US deal lifts Renesas
TOKYO: Japanese stocks had their best day in four weeks on Tuesday, with exporters lifted by the yen's weakening against the dollar and technology shares boosted by gains for Wall Street counterparts.

The Nikkei share average ended the day 1.3 per cent higher at 22,664.69. The per centage gain was the biggest day since Aug. 14 and the close was

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NMDC gains on revised ore prices, up for 4th day
NEW DELHI: Share prices of NMDC gained 1 per cent on Tuesday after the company revised the prices of iron ore with effect from September 7.

The stock rose 0.95 per cent to Rs 121.40. With this, the scrip has risen 8 per cent in four trading sessions to Tuesday. On the technical chart, the stock is trading higher than most short term moving

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Sensex falls most in 6 months, crashes 509 pts; 5 key factors that weighed on market
NEW DELHI: The BSE benchmark Sensex tanked over 1 per cent for a second straight session on Tuesday, as index heavyweights ITC, HDFC Bank, Reliance Industries, ICICI Bank and HDFC dragged the 30-share index lower.

Sensex closed the session 509.04 points, or 1.34 per cent lower at 37,413.13 with 6 constituents in the 30-share index managing to

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Share market update: BSE Consumer Durables index down; Titan falls 3%
NEW DELHI: The BSE Consumer Durables index was trading 1 per cent down at 20,449 around 12:30 pm on Tuesday with Titan Company (down 2.74 per cent) as the top loser.

Shares of VIP Industries (down 1.36 per cent), Whirlpool of India (down 0.90 per cent) and Crompton Greaves Consumer Electricals (down 0.11 per cent) too were under pressure.

However

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Stock market update: Sensex, Nifty lacklustre, but these stocks surge on NSE
NEW DELHI: Defying the cautious mood of domestic equity market, shares of Redington (up 9.06 per cent) and Dredging Corporation of India (up 7.93 per cent) jumped up to 9 per cent on NSE in Tuesday's session.

Shares of India Tourism (up 5.61 per cent), N R Agarwal Industries (up 5.29 per cent) and Fertilisers and Chemicals Travancore (up 5.19 per

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Will not let manipulators cash in on market volatility: Sebi
Mumbai: Market regulator Securities and Exchange Board of India (Sebi) Tuesday warned that the manipulators will not be allowed to take advantage of the volatility in the stock market.

A combination of global and domestic factors have affected investor sentiment, with the benchmark indices registering around 500 points decline in the last two

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Expect more Sebi action for a safer market: Tyagi
The Securities and Exchange Board of India (Sebi) will soon take a call on fair market committee recommendations, with a view to achieving a bigger, cleaner and safer market.

The market regulator will sharpen its focus on improving governance for all participants, Sebi Chairman Ajay Tyagi said at the FICCI 15th capital market conference in Mumbai

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Share market update: Check out the stocks that plunged up to 5% on NSE
NEW DELHI: Shares of Usha Martin (down 5.76 per cent), Hathway Cable (down 4.81 per cent) and Triveni Engineering - Industries (down 4.77 per cent) plunged up to 5 per cent on NSE in Tuesday's session.

GKW (down 3.55 per cent), GMM Pfaudler (down 3.32 per cent), Nalwa Sons Investments (down 3.22 per cent), Muthoot Finance (down 3.18 per cent)

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Share market update: Nifty Realty falls 2%; DLF top drag
NEW DELHI: The Nifty Realty was trading 1.86 per cent down at 259 around 02:40 pm on Tuesday.

DLF (down 3.18 per cent), Indiabulls Real Estate (down 2.92 per cent), Unitech (down 2.86 per cent), Housing Development - Infrastructure (down 2.85 per cent) and Brigade Enterprises (down 2.68 per cent) were the top losers in the realty pack.

Shares

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Stock market update: BSE Telecom index declines over 1%; Bharti Infratel, Airtel among top drag
NEW DELHI: Losses in shares of Bharti Infratel (down 2.09 per cent), Tejas Networks (down 2.02 per cent), GTL Infrastructure (down 1.42 per cent) and Bharti Airtel (down 1.39 per cent) dragged the BSE Telecom index down in Tuesday's session.

The BSE Telecom index was trading 1.26 per cent down at 1,149 around 12:20 pm.

Shares of Aksh Optifibre

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Alstom flags GST issues for inflating costs
MUMBAI: Competition in the metro rail engineering and construction sector is intense and the only way to be price competitive is to manufacture locally but the anomalies in GST are taking that advantage away from local manufacturers, Alain Spohr, managing director of Alstom India - South Asia, told ET in an exclusive interaction.

On Monday Alst

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