StockMarket

MUMBAI: Nayara Energy, formerly known as Essar Oil and now a unit of Rosneft, plans to raise about $500 million in overseas bonds to expand its operations. The company is said to have appointed JP Morgan and Deutsche Bank as key bankers for the sale, three people familiar with the matter told ET.

Nayara is seeking to sell fiveyear bonds with

Details
Category: Stock Market

Write comment (100 Comments)

By Subhadip Sircar and Saket Sundria

Forget Turkey and Argentina. The Indian rupee’s real bugbear is the price of oil.

India’s currency had its worst month in three years in August as crude rallied on speculation sanctions on Iran will shrink global supplies. The crude import bill for the world’s fastest-growing oil user surged 76 percent in July f

Details
Category: Stock Market

Write comment (90 Comments)

RInfra's credit profile improves; Crisil withdraws 'D' ratings
Reliance Infrastructure's credit profile has improved with debt liability payoffs.

Ratings agency Crisil has withdrawn its 'D' ratings for the NCDs (Non Convertible Debenture) of the company totalling to Rs 710 crore.

"The company has repaid the NCDs from the funds received from the sale of Integrated Mumbai Distribution Business to Adani Transmiss

Details
Category: Stock Market

Write comment (99 Comments)

ET Intelligence Group: A comparison of companies constituting the Nifty in 1996 and now shows that the index is still dominated by old-economy companies. In over two decades since the launch of the index, an average Nifty company has grown five years older and a little more promoter-owned.

The average age of a Nifty company has increased to 43

Details
Category: Stock Market

Write comment (93 Comments)

Share market update: Kotak Bank, PNB, SBI keep Nifty Bank index in the green
NEW DELHI: Most bank stocks were trading up in Thursday's session, keeping the sectoral index in the green.

However, losses in shares of RBL Bank (down 1.39 per cent), Axis Bank (down 0.92 per cent), HDFC Bank (down 0.10 per cent) and ICICI Bank (down 0.05 per cent) restricted the gains in the bank index.

The Nifty Bank index was trading 0.20 per

Details
Category: Stock Market

Write comment (98 Comments)

Stock market update: BSE Consumer Durables index falls over 2%; VIP Industries, CG Consumer Electricals top losers
NEW DELHI: Strong losses in VIP Industries (down 4.99 per cent), Crompton Greaves Consumer Electricals (down 4.32 per cent), Voltas (down 3.26 per cent) and Titan Company (down 2.44 per cent) dragged the BSE Consumer Durables index down in Wednesday's session.

The BSE Consumer Durables index was trading 2.24 per cent down at 20,743.55 around 02:45

Details
Category: Stock Market

Write comment (100 Comments)

ET Intelligence Group: A comparison of companies constituting the Nifty in 1996 and now shows that the index is still dominated by old-economy companies. In over two decades since the launch of the index, an average Nifty company has grown five years older and a little more promoter-owned.

The average age of a Nifty company has increased to 43

Details
Category: Stock Market

Write comment (95 Comments)

Stock market update: Auto stocks rise; M M among top gainers
NEW DELHI: Most auto stocks were trading with gains in Thursday's session.

The Nifty Auto index was trading 0.40 per cent up at 10,832 around 11 am.

TVS Motor Company (up 1.23 per cent), Bharat Forge (up 1.12 per cent), Ashok Leyland (up 1.06 per cent) and Mahindra - Mahindra (M-M) (up 1.03 per cent) were the top gainers in the auto

Details
Category: Stock Market

Write comment (100 Comments)

By Srinivasan Sivabalan and George LeiThis year’s global emerging-market selloff has its roots in a slew of mini-routs as the era of easy-money came to an end. Consider Turkey, now paying the price for its refusal to follow orthodox monetary policy; Argentina, facing a crisis of confidence just four years of its last default; China, targeted in a t
Details
Category: Stock Market

Write comment (100 Comments)

Benefits of asset allocation in mutual funds
With macros looking weak and stock market indices at a new high, financial planners believe it is important for investors to follow the principle of asset allocation.

1. What do you mean by asset allocation Can even a small investor follow itAsset allocation is the process of deciding how to spread your investable money across various asset

Details
Category: Stock Market

Write comment (96 Comments)

NEW DELHI: Just the way skipper Virat Kohli’s heroics could not save India from going 1-3 down to England in the ongoing Test series, a strong show by a couple of heavyweight stocks is failing to hold the fort for ‘Team India’ on Dalal Street.

All through the recent bull run, a few stocks were holding up the Indian benchmarks as signalled by poor

Details
Category: Stock Market

Write comment (95 Comments)

Share market update: Telecom stocks plunge; Bharti Infratel, Idea Cellular tank 4%
NEW DELHI: Most telecom stocks were suffering losses in afternoon trade on Wednesday, keeping the sectoral index down.

The BSE Telecom index was trading 2.59 per cent down at 1,131 around 02:40 pm.

GTL Infrastructure (down 4.67 per cent), ITI (down 4.06 per cent), Bharti Infratel (down 3.86 per cent) and Idea Cellular (down 3.74 per cent) were

Details
Category: Stock Market

Write comment (97 Comments)

Facebook, Twitter slam nasdaq as tariff woes weigh on Wall Street
NEW YORK: The Nasdaq sank more than 1per cent on Wednesday, with social media companies leading technology stocks lower as Twitter and Facebook executives faced US Congress over what lawmakers see as a failure to combat foreign efforts to influence US politics.

The broader market was also weighed by a drop in energy stocks as oil prices weakened

Details
Category: Stock Market

Write comment (98 Comments)

Amazon and Apple, with market capitalisation in excess of $1 trillion, already feature on the Wall Street hall of fame. On the other side of the globe, FMCG majors Hindustan Unilever (HUL), ITC or Nestle have also reached levels of valuation that, going by conventional metrics, would be considered pretty exclusive.

It is no wonder, therefore, that

Details
Category: Stock Market

Write comment (91 Comments)

Stock market update: OMC stocks fall up to 5%; IGL, RIL among top losers
NEW DELHI: Shares of most oil marketing companies were trading in the negative territory in afternoon trade on Wednesday.

The BSE Oil - Gas index was trading 1.1 per cent down at 14,593 around 02:30 pm.

Indraprastha Gas (IGL) (down 4.80 per cent), Oil India (down 2.65 per cent) and Reliance Industries (RIL) (down 1.92 per cent) were the top

Details
Category: Stock Market

Write comment (99 Comments)

Share market update: Metals trade mixed; Nalco surges over 6%
NEW DELHI: Metal - mining stocks were trading mixed in Thursday's session.

National Aluminium Company (Nalco) (down 6.29 per cent), APL Apollo Tubes (down 2.13 per cent), Hindalco Industries (down 1.94 per cent), Hindustan Zinc (down 1.47 per cent) and Vedanta (down 1.07 per cent) were among the losers in the Nifty Metal index.

The Nifty

Details
Category: Stock Market

Write comment (91 Comments)

After Market: Key Sensex movers; 97 stocks turn bearish; BEL takes a knock
NEW DELHI: Extending the losses to a sixth straight session, domestic equity benchmark Sensex remained in line with its Asian peers on Wednesday on sustained profit booking in most sectors amid a fresh drop in rupee and a rising dollar.

Selling was seen across sectors, with telecom, consumer durables, FMCG and energy being worst hit. However,

Details
Category: Stock Market

Write comment (99 Comments)

Share market update: Nalco, Hindalco keep BSE Metal pack in the green
NEW DELHI: Gains in shares of National Aluminium Company (Nalco) (up 2.87 per cent), Hindalco Industries (up 1.70 per cent), JSW Steel (up 1.41 per cent), Hindustan Zinc (up 1.13 per cent) and Vedanta (up 1.09 per cent) were keeping the metal index in the green in afternoon trade on Wednesday.

The BSE Metal index was trading 0.41 per cent up at

Details
Category: Stock Market

Write comment (93 Comments)

Wall St analysts split on how to trade ‘overvalued& Dollar
NEW YORK: By many conventional measures, the dollar is increasingly overvalued. Yet what investors should do with that information is becoming less clear.

The greenback is surging, trading more than 11per cent above its 10-year average in real effective terms as of July, according to data from the International Monetary Fund. The euro-dollar

Details
Category: Stock Market

Write comment (96 Comments)

Rs 3.31 lakh crore investor wealth gone in 6 sessionsRs 3.31 lakh crore investor wealth gone in 6 sessionsRs 3.31 lakh crore investor wealth gone in 6 sessions
Rs 3.31 lakh crore investor wealth gone in 6 sessions
NEW DELHI: After a runaway rally in the past few weeks, the domestic equity market has come under severe pressure. In six days of continuous fall, the BSE Sensex has shed 878 points.

In the process, the total market capitalisation of all the BSE-listed companies has slipped by Rs 3.31 lakh crore.

The m-cap of BSE-listed was Rs 158 lakh crore at

Details
Category: Stock Market

Write comment (92 Comments)

Stock market update: Auto stocks fall up to 3%; Tata Motors, M M among top losers
NEW DELHI: Mirroring the market mood, most auto stocks were incurring losses in afternoon trade on Wednesday.

The BSE Auto index was trading 0.96 per cent down at 23,839 around 02:15 pm, with only two stocks- Cummins India (up 0.84 per cent) and Bajaj Auto (up 0.77 per cent)- trading with gains.

Balkrishna Industries (down 2.96 per cent) was the

Details
Category: Stock Market

Write comment (98 Comments)

By Saket Sundria, Siddhartha Singh and Debjit ChakrabortyIndia’s efforts to sell a $1.6 billion stake in Oil - Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation.

Investors and fund managers that met with

Details
Category: Stock Market

Write comment (90 Comments)

Tech view: Hammer-like pattern on charts shows Nifty to remain weak
NEW DELHI: The Nifty50 slipped for the third straight session on Wednesday, making lower highs and lower lows on the daily chart for second day in a row. The index formed a bearish candle with a long wick, resembling a Hammer.

Analysts said late buying seen on Wednesday could just be short-coverings and follow-up buying is required for any shift

Details
Category: Stock Market

Write comment (99 Comments)

European shares retreat at the open, trade tensions bite
LONDON: European shares opened lower on Wednesday as continuing trade tensions and spreading worries about emerging market currencies cut investor appetite for risky assets.

At 0728 GMT, the pan-European STOXX 600 was down 0.4 per cent, with losses spread across industry sectors and trading centres.

A number of corporate announcements triggered

Details
Category: Stock Market

Write comment (90 Comments)

Stock market update: IT stocks mixed; TCS, Tech Mahindra fall, but Infosys holds up
NEW DELHI: IT stocks were trading mixed in Thursday's session amid wobbly rupee.

The rupee Thursday recovered from its all-time low by rising 9 paise to 71.66 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks.

The Nifty IT was trading 0.03 per cent down at

Details
Category: Stock Market

Write comment (97 Comments)

F O: Pause in VIX after a sharp spurt signals more consolidation
By Chandan TapariaNifty50 index failed to hold above 11,550 and corrected sharply towards 11,393 level. It remained under pressure for most part of day, but a strong rebound was seen from lower levels in the last hour of the session.

The index formed a Hammer kind of candle on the daily scale, which suggests supports at lower levels, while

Details
Category: Stock Market

Write comment (99 Comments)

Nikkei down as typhoon damage fears hit cosmetics shares
TOKYO: Japanese shares fell on Wednesday as worries that a tariff war between China and the United States could escalate weighed on sentiment, while concerns that tourists will shop less due to a typhoon flooding a major airport hit shares in cosmetic makers.

Japan's Nikkei share average dropped 0.51 per cent to 22,581, dropped for a fourth

Details
Category: Stock Market

Write comment (90 Comments)

Share market update: FMCG stocks rise; HUL among top gainers in the sectoral pack
NEW DELHI: Most FMCG stocks were trading with gains in Thursday's session, giving a leg up to the sectoral index.

The Nifty FMCG index was trading 0.43 per cent up at 31,304 around 11:15 am.

Shares of United Breweries (up 3.08 per cent), GlaxoSmithKline Consumer Healthcare (up 1.77 per cent), Marico (up 1.76 per cent), United Spirits (up 1.52

Details
Category: Stock Market

Write comment (94 Comments)

Sensex drops for 6th day but defends 38,000; Nifty ends at 11,477
NEW DELHI: The benchmark indices on Wednesday witnessed yet another day of steep fall, as BSE Sensex finished lower for a sixth straight session while its NSE counterpart Nifty settled in the red for the third day in a row.

BSE Sensex shut shop 139.61 points, or 0.37 per cent, lower at 38,018.31. The index plunged 383.50 points intraday to hit a

Details
Category: Stock Market

Write comment (94 Comments)

Sebi plans to strengthen market surveillance system; upgrades IT infra
Market regulator Sebi is planning to beef up its market surveillance system with the upgrade of its IT infrastructure.

The market watchdog undertakes its market surveillance functions through integrated market surveillance system (IMSS), which was put on use from 2013, and collects data for suspicious market activities through multiple sources,

Details
Category: Stock Market

Write comment (90 Comments)