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Amazon hits $1 trillion market value milestone
Amazon hits $1 trillion market value milestone - The TheIndianSubcontinent

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DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

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Sensex logs longest losing streak in 3 months on FPI rule, rupee slide
NEW DELHI: The bears tightened their grip over Dalal Street on Tuesday, as benchmark Sensex logged its longest losing streak since May on unabated fall in the rupee, jump in crude oil prices and weakness in global markets.

Indian currency slipped 33 paise today to hit a fresh record low of 71.53 against the US dollar on strong demand for the

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LIC board explores open offer for IDBI Bank
NEW DELHI: The life Insurance Corporation of India (LIC) board is exploring an open offer for IDBI Bank shareholders, Economic Affairs Secretary Subhash Chandra Garg has said.

Garg said the board has laid out the timeline for the completion of 51 per cent stake acquisition in IDBI Bank. He did not share details of the timeline.

On whether Sebi

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After opening flat and trading lacklustre in the first half of the trade, the market again turned negative and slipped to close at yet another day with losses.

The pain was witnessed more in the broader market, as this was evident in the market breadth, which remained much weaker in the favour of the declines. Except for the IT pack, all the

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NRIs can buy up to 5% in a security: DEA Secretary
NEW DELHI: Overseas investors of Indian origin are allowed to buy up to 5 percent in any security under current regulation, India's economic affairs secretary Subhash Chandra Garg said on Tuesday, in a bid to calm markets after recent regulatory changes.

Indian markets fell for the second straight day as fresh concerns emerged over a April

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Reliance Home Fin in exclusive talks with an overseas investor for equity investment
NEW DELHI: Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. Reliance Home Finance said the discussions are subject to confirmatory due diligence, definitive documentation, and necessary approvals.

"Relia

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Wall Street drops as tech stocks, Nike weigh
U.S. stocks tumbled on Tuesday as a drop in heavyweights Facebook and Nike added to worries over trade negotiations between the United States and other major economies.

Nike dropped 2.1 percent, top drag on the Dow Jones Industrial Average, as calls for a boycott of the sportswear giant gained traction on social media after it chose Colin

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Stock market update: Realty stocks crumble; DLF plunges 5%
NEW DELHI: Most realty stocks extended their losses to Tuesday's session.

The realty stocks have been falling in the wake of a Supreme Court order that directed a ban of all construction activities in the states of Maharashtra, Madhya Pradesh, Uttarakhand and Union Territory of Chandigarh unless a solid waste management policy was in place.

The Nif

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Decoding the Sebi-FPI standoff: Will it hurt Indian fund managers overseas
NEW DELHI: Foreign portfolio investors have long been a key driver of Indian stocks. But a large part of this money has an Indian connection: non-resident Indians (NRIs), overseas citizens of India (OCIs) and persons of Indian origin (PIOs) invest in Indian equities through the FPI route.

Market regulator Sebi in April stirred a hornet’s nest t

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No transaction fee on cross currency derivatives trade till August 2019: BSE
Leading stock exchange BSE has extended the time period for not levying any transaction fee on the trades done in cross currency derivatives for one year till August 2019, in order to encourage active participation in such contracts.

The decision has been taken after taking feedback from market entities.

The exchanges launched trading in

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Share market update: Bank stocks suffer losses; PNB, SBI fall over 2%
NEW DELHI: Most bank stocks were suffering losses in afternoon trade on Tuesday.

The Nifty Bank index was trading 1.12 per cent down at 27,507 around 02:10 pm with 11, out of total 12 components, in the red.

IDFC Bank (down 5.74 per cent) and Federal Bank (down 4.77 per cent) were the top losers in the bank index.

Shares of RBL Bank (down 2.71

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China stocks snap 5-day losing streak to end higher
SHANGHAI: Chinese shares snapped a five-day losing streak on Tuesday, as investors hunted for bargains in beaten-down real estate and banking stocks, but the threat of US tariffs on $200 billion worth of imported Chinese goods still clouded the market.

The Shanghai Composite index closed up 29.84 points, or 1.1 per cent, at 2,720.73, ending a

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Asia Index launches S P BSE Private Banks Index
New Delhi, Sep 4 (PTI) Asia Index Pvt Ltd, a joint venture between S-P Dow Jones Indices and BSE Ltd, Tuesday announced the launch of an index designed to measure the performance of private banks.

The S-P BSE Private Banks Index is drawn from the constituents of the S-P BSE Finance Index, the Asia's oldest exchange said in a statement.

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Stock market update: Nifty FMCG index cracks over 2%; Dabur, HUL, ITC among top losers
NEW DELHI: The Nifty FMCG index was trading 2.47 per cent down at 31,317 around 2 pm on Tuesday with all components in the red.

Jubilant Foodworks (down 5.03 per cent), United Breweries (down 4.66 per cent), Dabur India (down 4.37 per cent), Tata Global Beverages (down 3.87 per cent) and Hindustan Unilever (HUL)(down 3.85 per cent) were the top

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Australian shares knocked by trade worries, financial sector woes; NZ bounce
Australian shares fell on Tuesday, as reports of fresh investigations into financial institutions kept investors on edge, while overall sentiment was dampened by the threat of a further escalation in the Sino-US trade dispute.

The S-P/ASX 200 index dropped 0.3 per cent to 6,293.1 at the close of trade, coming off the back of a tepid session on

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Tata Capital's lending arm to raise up to Rs 7,500 crore via NCDs
Tata Capital's flagship lending arm, Tata Capital Financial Services, Tuesday said it will raise up to Rs 7,500 crore in its maiden non-convertible debenture (NCD) sale.

The bond issue by the non-bank lender involves raising Rs 2,000 crore through the issue of three, five and 10-year paper, while the Tata group-company can retain oversubscriptions

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European shares rebound helped by financials; WPP down
MILAN: European shares rebounded in morning trading on Tuesday following a late rally in Chinese stocks, although investors were likely to remain cautious due to worries over new US tariffs.

Financials were the biggest gainers, supported by strength among some Italian banks after top figures from the government appeared to play down the chances

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Nikkei edges lower as trade concerns dampen risk appetite
TOKYO: Japan's Nikkei edged lower in choppy trade on Tuesday as lingering global trade concerns saw investors staying on the sidelines.

The Nikkei share average ended 0.1 per cent lower at 22,696.90, after switching frequently between positive and negative territory.

US President Donald Trump gave fresh impetus to trade worries at the weekend when

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Nothing new in April 10 Sebi circular: Subhash Garg
Seeking to assuage foreign investors, Economic Affairs Secretary S C Garg said Tuesday there is nothing new in the Sebi circular of April 10, which some experts are asserting could lead to outflow of USD 75 billion.

Garg asserted that Sebi last month extended the deadline of the circular until December and wondered that why there was much ado

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TCS becomes 2nd firm to hit Rs 8 lakh crore m-cap mark
Tata Consultancy Services Tuesday became the second Indian company to attain a market valuation of over Rs 8 lakh crore mark following surge in its share price. During the afternoon trade, the IT major's market capitalisation (m-cap) stood at Rs 8,01,550.50 crore on BSE.

Shares of TCS rose by 2 per cent to Rs 2,097 -- its 52-week high -- on BSE.

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Top intraday trading ideas for afternoon trade for Tuesday, 4 September 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were lacklustre around 11:40 am on Tuesday, tracking weak Asian cues.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today’s afternoon trade:

Aditya Agarwala, technical research analyst, YES SecuritiesIndusInd Bank is a 'Sell' call with a

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After Market: Infosys, TCS create records; realty stocks take big hit
NEW DELHI: Frontline equity index Sensex fell for the fifth consecutive session on Tuesday on profit booking amid a buzz of capital outflow due to rupee’s poor health, Sebi’s new KYC norm for FPIs and uninspiring global cues.

Rupee’s poor health hit market’s risk appetite as the domestic currency hit a fresh record low of 71.54 against the gre

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Share market update: Telecom stocks fall up to 4%; RCom, Idea, Bharti Infratel, Airtel suffer
NEW DELHI: Most telecom stocks were trading in the negative territory in afternoon trade on Tuesday.

The BSE Telecom index was trading 1.09 per cent down at 1,173 around 01:50 pm.

GTL Infrastructure (down 4.46 per cent), Reliance Communications (down 3.30 per cent) and Aksh Optifibre (down 3.04 per cent) were the top losers in the index.

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After the rally following a good set of GDP numbers, the market fizzled out on expected lines. Soon after positive opening, the NSE benchmark Nifty pared its gains and remained rangebound.

The index extended its losses in the last hour and half of the trade, wherein Nifty pared over 150 points from the high point of the day and ended 98.15 points

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Tech view: Nifty forms Bearish Belt Hold, signals broadbased weakness
NEW DELHI: The Nifty50 fell half-a-per cent on Tuesday and formed a bearish candle on the daily chart. The candle resembled a Bearish Belt Hold pattern, as it had little-to-no upper wick, suggesting selling pressure on the index from the word go.

That said, some buying emerged at low levels, as suggested by a long lower wick on the daily chart.

A

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Stock market update: BSE Oil Gas index down; HCPL, IGL top losers
NEW DELHI: The BSE Oil - Gas index was trading 0.58 per cent down at 14,877 around 01:45 pm on Tuesday.

Castrol India (down 2.30 per cent), HPCL (down 2.02 per cent) and Indraprastha Gas (IGL) (down 2.01 per cent) were the top losers in the index.

Shares of BPCL (down 1.69 per cent), Petronet LNG (down 1.63 per cent), GAIL (India) (down 1.32

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Sebi's income rose 25% to Rs 752 crore in FY17
Capital markets regulator Sebi witnessed its total income rise by 25 per cent to Rs 752.48 crore in 2016-17, mainly due to increase in fees and subscription income.

As per the annual accounts of Sebi, the total expenditure of the regulator also rose to Rs 387 crore in 2016-17, from about Rs 374 crore in the previous fiscal.

The other

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F O: Put unwinding rush, spike in volatility signal bearish sentiments
By Chandan Taparia The Nifty50 index continued to decline amid profit booking for the second consecutive session on Tuesday and corrected towards 11,500 level. The index witnessed a recovery from the lows midway through the session, only to see a selloff as many heavyweight witnessed profit booking.

The index formed a Bearish Belt Hold candle for

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Cut the politics, D-Street says cash ban was worth it why!
By Tanisha SharmaIf you set aside politics, the last word on the efficacy of the demonetisation drive is yet to be said. The cash ban, announced in November 2016, caught the nation unawares, created a lot of hardships in its aftermath and slowed down economic growth. Those were collateral damage of an exercise meant to stamp out black money and
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Anil Agarwal to take Vedanta Resources private on Oct 1
Mining mogul Anil Agarwal-led Vedanta Resources looks to delist from London Stock Exchange on October 1, after the holders of 26 per cent of shares have agreed to sell their stake to his family trust Volcan Investments, as per a regulatory filing.

"The board of directors of Volcan Investments Ltd (Volcan Investments) is pleased to announce that

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