StockMarket

Sensex gains 147 pts, Nifty50 settles at 11,589
Domestic equity market shrugged off weak global cues to end higher for a second straight session on Friday. Buying in auto, telecom and metal counters along with recovery in the rupee fuelled market sentiment. Reports indicating that the Centre was planning to slash the number of GST rate slabs from the present five to two in the near future
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Nikkei continues slide into 6th session on trade worries; chip equipment makers dive
TOKYO: The Nikkei extended its decline to a sixth straight session on Friday, dropping to a 2-1/2-week low as investors sold chip equipment makers and fretted over reports that US President Donald Trump could be contemplating taking on Japan over trade.

Global markets were already on edge amid fears that the United States and China could launch

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Escorts shares rally on plans to transform into complete farm solution company
NEW DELHI: Shares of Escorts Ltd were trading higher after ET reported that the company is aiming to transform into a complete farm solutions company from just a manufacturer of tractors, the market for which is expected to plateau in the coming decade.

As part of the strategy, the Faridabad-based company is getting into the farm mechanisation

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Fortis arm sells 15 lakh shares in RHT to FHIL
Fortis Healthcare Friday said its step-down subsidiary RHT Health Trust Manager has sold 15 lakh shares in RHT Health Trust to Fortis Healthcare International Ltd (FHIL) for SGD 11,70,000.

FHIL is a wholly-owned subsidiary of Fortis Healthcare Ltd (FHL).

The acquisition of RHT units was completed on September 5, 2018, FHL said in a filing to BSE.

T

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Australian, NZ shares fall on worries US-China trade war will escalate
Australian shares fell again on Friday as most Asia-Pacific markets kept slumping, partly because of the possibility the US-China trade war could escalate any time.

The S-P/ASX 200 index dropped 0.3 per cent to 6,143.8 at the close, extending its losses to a seventh straight session.

For the week, the index shed 2.8 per cent, its biggest

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By Olga KharifIf you think that Bitcoin has hit bottom after the latest round of violent price drops, think again.

While the world’s largest cryptocurrency is down 65 per cent since its peak in December, technical indicators suggest there’s worse to come. Bitcoin has consistently had lower peaks since its apex in December, with each new high l

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IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15%
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) Friday said it will set the timeline to reduce LIC's shareholding in IDBI Bank from 51 per cent to 15 per cent.

However, it added that the timeline will only be set after looking at LIC's business plan post acquisition of 51 per cent stake in debt-ridden IDBI Bank.

LIC

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Stock market update: Telecom stocks ring loud; Bharti Infratel, Airtel, RCom among top gainers
NEW DELHI: Most telecom stocks were trading with decent gains in the afternoon session of trade on Friday, keeping the sectoral index up.

The BSE Telecom index was trading 1.86 per cent up at 1,153 around 01:25 pm.

Shares of Tejas Networks (up 12.64 per cent) jumped nearly 13 per cent in the index.

GTL Infrastructure (up 2.94 per cent), Bharti

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Share market update: PSU Bank stocks mixed; OBC, SBI down 1% each
NEW DELHI: PSU bank stocks were trading mixed in morning trade on Friday.

The Nifty PSU Bank index was trading 0.60 per cent down at 3,144 around 10:45 am.

Oriental Bank of Commerce (OBC) (down 1.22 per cent) and State Bank of India (SBI) (down 1.05 per cent) were the top losers in the index.

Canara Bank (down 0.26 per cent), Allahabad Bank (down

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European shares edge higher as trade uncertainty boosts defensives
LONDON: European shares were slightly higher in early trading on Friday as uncertainty over global trade rippled through markets and investors sought refuge in defensive sectors.

The pan-European STOXX 600 was up 0.1 percent by 0724 GMT, while the exporter-heavy German DAX gained 0.2 percent and Britain's' FTSE 100 was flat in percentage terms.

Eur

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Share market update: Metals shine; Hindalco, SAIL, Tata Steel among top gainers
NEW DELHI: Most metal - mining stocks were trading with gains in Friday's session.

The BSE Metal index was trading 1.94 per cent up at 14,043 around 01:10 pm.

Shares of NMDC (up 4.55 per cent), Hindalco Industries (up 4.37 per cent), Jindal Steel - Power (up 2.90 per cent), Steel Authority of India (SAIL) (up 2.74 per cent) and Tata Steel

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This midcap is seeing an adrenaline rush, stock price doubles in 2 years
NEW DELHI: At the beginning of 2018, this subsidiary of India’s largest capital goods firm Larsen - Toubro unveiled what it called Vision 20:20:20 – a drive to ensure 20 per cent sustainable annual top line growth, complemented by a healthy 20 per cent Ebitda margins and 20 new technology patents annually.

For FY18, L-T Technology Services

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China shares edge higher in cautious trade as tariff comment deadline expires
SHANGHAI: Stocks in China ended higher on Friday, but the Shanghai Composite index and blue-chip shares closed lower for the week, as a deadline for public comments on fresh U.S. trade tariffs expired.

At the close, the Shanghai Composite index was up 10.71 points or 0.4 percent at 2,691.59. The index is down 0.8 percent for the week. The

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Top intraday trading ideas for afternoon trade for Friday, 7 September 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were up with tepid gains around 11:45 am on Friday on buying in select frontline bluechip counters, including Reliance Industries, ICICI Bank and Infosys.

However, losses in Sun Pharma, HDFC twins, YES Bank and State Bank of India capped the gains for market benchmarks.

Weak global cues, wobbly

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Stock market update: These stocks defy lacklustre market mood, surge over 10%
NEW DELHI: Shares of Total Transport Systems (up 19.93 per cent), Texmo Pipes and Products (up 15.69 per cent), Seshasayee Paper and Boards (up 12.01 per cent), Eon Electric (up 11.71 per cent) and Everest Kanto Cylinder (up 10.73 per cent) surged over 10 per cent on NSE in Friday's weak market.

Bil Energy Systems (up 10 per cent), Hindusthan

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Share market update: Nifty Realty rises nearly 1%; DLF, Unitech play ball
NEW DELHI: The Nifty Realty was trading 0.83 per cent up at 268.65 around 2 pm on Friday, backed by gains in a majority of index components.

Most realty stocks have recovered after the Supreme Court on Wednesday lifted the ban on construction activities in Maharashtra and Uttarakhand after the two states submitted their respective solid waste

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Lanco Infra down 4% on trading suspension
NEW DELHI: Shares of Lanco Infratech came off 4 per cent on Friday as the BSE said it will suspend trading in the infra stock from September 14 after commencement of liquidation proceedings.

The announcement came in after the Hyderabad bench of National Company Law Tribunal (NCLT) ordered liquidation of the company that owes over Rs 44,000 crore

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Reliance Naval drops 5% as IDBI Bank moves NCLT
NEW DELHI: Shares of Reliance Naval and Engineering lost 5 per cent on Friday after IDBI Bank moved the NCLT against the company to recover its dues.

The stock fell 4.95 per cent to hit a low of Rs 15.35 on the BSE.

In a regulatory filing, the company said IDBI Bank, a lender of the company, has filed an application before the National Company Law

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Stock market update: Nifty FMCG index in the green; Dabur, HUL among top gainers
NEW DELHI: Most FMCG stocks were trading in positive territory in afternoon trade on Friday, keeping the sectoral index up.

The Nifty FMCG index was trading 0.47 per cent up at 31,305 around 01:50 pm.

Dabur India (up 1.70 per cent), Hindustan Unilever (HUL) (up 1.26 per cent), Godrej Consumer Products (up 1.25 per cent) and Tata Global Beverages

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By Abhishek Vishnoi and Lilian Karunungan

Expect more short-term pain, investors said, after emerging-market stocks tipped into a bear market.

The MSCI Emerging Market Index closed down 0.3 per cent in New York on Thursday. That took its decline from a Jan. 26 high to just over 20 per cent, the threshold for a bear market. The measure rose 0.1 per

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Share market update: These stocks cracked up to 10% in a bearish market
NEW DELHI: Shares of Lanco Infratech (down 10 per cent), Antarctica (down 9.09 per cent) and Neulands Global Industries (down 8.33 per cent) plunged up to 10 per cent on NSE during Friday's session.

Stocks such as Zenith Birla (down 6.67 per cent), Shyam Telecom (down 5.85 per cent), Centum Electronics (down 5.48 per cent), Moksh Ornaments (down

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Share market update: Aurobindo Pharma, Lupin lift pharma pack, but Sun Pharma weighs
NEW DELHI: Gains in shares of Aurobindo Pharma (up 5.99 per cent), Lupin (up 3.16 per cent), Dr. Reddy's Laboratories (up 1.99 per cent) and Cadila Healthcare (up 0.72 per cent) were keeping the Nifty Pharma index in the green in Friday's session.

However, losses in shares of Sun Pharmaceutical Industries (down 2.72 per cent), Divi's Laboratories

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MUMBAI: Is investor money moving from sectors like banks and consumer goods to pharma shares

Analysts said the decline in the rupee to record lows and cheaper valuations compared to most other sectors are prompting investors to look at pharma, resulting in their share prices rallying in the last week or so.

BSE’s Healthcare index gained 4 per c

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Global trade war threatens to derail modest euro zone growth: Reuters poll
BENGALURU: Euro zone economic growth will be modest at best over the coming year, according to a Reuters poll of economists who unanimously said the trade war between the United States and China threatens the outlook.

The euro sign in front of the former headquarters of the European Central Bank (ECB) is photographed with long exposure in

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Share market update: GAIL, RIL keep BSE Oil Gas index in the green
NEW DELHI: Gains in shares of GAIL (India) (up 2.70 per cent), Reliance Industries (RIL) (up 1.15 per cent) and Castrol India (up 0.55 per cent) were keeping the oil - gas index in the green in Friday's session.

The BSE Oil - Gas index was trading 0.41 per cent up at 14,916 around 01:25 pm.

Shares of BPCL (up 0.37 per cent), Petronet LNG

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Stock market update: YES Bank, Kotak Bank keep Nifty Private Bank index under pressure
NEW DELHI: Losses in the shares of YES Bank (down 2.77 per cent), Kotak Mahindra Bank (down 0.80 per cent), IndusInd Bank (down 0.57 per cent) and HDFC Bank (down 0.31 per cent) weighed on private bank index in Friday's session.

Shares of YES Bank have been under pressure for over a week, barring Wednesday's gain. RBI's approval of Rana Kapoor’s r

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Sun Pharma slips 4% on USFDA observations
NEW DELHI: Shares of Sun Pharmaceutical Industries weakened over 4 per cent on Friday after a media report stated that the USFDA issued six observations to the company’s Halol plant for inspection in August.

The scrip was 4.05 per cent down at Rs 649.25 at around 9.37 am. The BSE Sensex slipped 0.33 per cent to 38,116 at around the same time.

Sun

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By David Fickling

One of the paradoxes of this year’s trade tensions is that in many parts of the world, it doesn’t yet feel like a crisis.

For all the turmoil in emerging-market currencies, equity investors in major markets seem relaxed The milestone passed with little fanfare, but the S-P 500 index closed at a record high of 2,914.04 on

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Pain in EMs is longest since 2008 as confidence cracks
For stocks, it’s 222 days. For currencies, 155 days. For foreign-currency bonds, 240 days.

This year’s rout in emerging markets has lasted so long that it’s taken even the most ardent bears by surprise. Not one of the seven biggest sell-offs since the financial crisis — including the socalled taper tantrum -- inflicted such pain for so long on the

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DRI sniffs out trail of smuggled gold trade
MUMBAI: The Directorate of Revenue Intelligence (DRI) appears to have cracked the method certain resident Indians have employed to allegedly smuggle gold into the country, evading the 10per cent customs duty in the bargain.

The modus operandi is for the relevant entities carrying undeclared forex to book domestic flights plying from T-1 terminal

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