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NCLT approves 1:10 swap ratio for ICEX, NMCE merger
Mumbai: The National Company Law Tribunal (NCLT) has approved the swap ratio of 1:10 for the merger of National Multi Commodity Exchange (NMCE) with the Indian Commodity Exchange (ICEX), a top ICEX executive said.

The board of directors of both the exchanges will meet this week to formalise the merger.

Announced in July last year, the merger will

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Wholesale commodity markets closed for 'Janmashtami'
Wholesale commodity markets closed for 'Janmashtami' - The TheIndianSubcontinent

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ET Intelligence Group: The stock of Mahindra - Mahindra (M-M), country’s largest tractor maker, has gained 31 per cent in 2018 so far largely due to better than expected tractor sales.

Its other prominent division of sports and multi utility vehicles (SUVs and MUVs) has not yet contributed to the stock valuation. This may however change in

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Investors' complaints hit 6-year high of 43,000 in FY18
The number of investor complaints against listed firms and market intermediaries has risen to over 43,000 in 2017-18, making it the highest in six years, despite regulator Sebi continues to dispose of such grievances expeditiously.

According to latest annual report of Securities and Exchange Board of India (Sebi), the regulator received 43,131

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Stock market update: Bank stocks down; Axis Bank, ICICI Bank fall up to 2%
NEW DELHI: A majority of bank stocks were incurring losses in afternoon trade on Monday.

The Nifty Bank index was trading 0.49 per cent down at 27,923 around 02:55 pm.

Axis Bank (down 2.27 per cent), ICICI Bank (down 1.66 per cent) and Kotak Mahindra Bank (down 1.31 per cent) were the top losers in the index.

Shares of Punjab National Bank (down

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Above 11,740, Nifty will see another round of fresh buying
By Rajesh PalviyaWhere we are: Nifty started the September Series with a positive rollover. The option chain data shows that Nifty will face stiff resistance at 11,800 in call options with the highest open interest of 28 lakh shares and there is a strong support from 11,600 and 11,500 levels on the downside as the open interest of nearly 30 lakh
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The 'Wise Owl' of Mint Street: Urjit Patel completes two years as RBI Governor
New Delhi: There is a new twist to the British economist John Keanes' famous quote that 'it is your problem if you owe a hundred bucks to a bank, but it is the bank's problem if you owe a million' -- the problem is of the central banker if unpaid loans run into billions.

And to clear this 'landmine', which has been blamed on the previous UPA

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Rupee weakness poses 'dilemma' for RBI at October meeting
By Anirban NagA sustained weakness in the rupee may push the Reserve Bank of India to further tighten monetary policy, perhaps as early as next month, JPMorgan Chase and Co.’s chief India economist Sajjid Chinoy said.

“The RBI meeting becomes an interesting dilemma,” Chinoy told Bloomberg Television in an interview on Monday, adding that after two

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Midcaps and smallcaps have started to outperform
By Kapil Shah

Where we are: Nifty has gained 2.8 per cent in August and 1 per cent last week. Every strategic and sector index has closed in the green which indicates broad-based participation. Strong performance has been observed in metal and pharma sectors.

Nifty is moving in a rising channel and as of now it is placed at a lower arm which can be

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Fund raising via QIP dives 86% in Apr-Jul
New Delhi: Funds raised by Indian firms by issuing shares to institutional investors plunged by a massive 86.56 per cent to nearly Rs 4,070 crore in the first four months of the current fiscal.

During April-July of 2017-18, the firms had mobilised Rs 30,279 crore.

As per the data available with the Securities and Exchange Board of India, the

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Rupee weakness poses 'dilemma' for RBI at October meeting
By Anirban NagA sustained weakness in the rupee may push the Reserve Bank of India to further tighten monetary policy, perhaps as early as next month, JPMorgan Chase and Co.’s chief India economist Sajjid Chinoy said.

“The RBI meeting becomes an interesting dilemma,” Chinoy told Bloomberg Television in an interview on Monday, adding that after two

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Share market update: Midcaps, smallcaps outperform Sensex; Vakrangee, Ashok Leyland shine
NEW DELHI: Midcaps and smallcaps were outperforming Sensex in Monday's session of trade.

Around 11:05 am, the BSE Midcap index was 0.64 per cent up at 16,990, while the BSE Smallcap index was 0.56 per cent up at 17,290. The BSE Sensex was 0.21 per cent up at 38,725 around that time.

Shares of Vakrangee (up 3.75 per cent), Ashok Leyland (up 3.44

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Global stocks still hooked on buybacks; trade war snaring more bulls
BENGALURU: The historic run-up in world shares will continue through 2019, but the outlook for almost half of the major bourses polled by Reute rs has slipped, with many now only expected to recoup losses from this year's sell-off.

Following a strong performance in 2017, world shares hit their latest run of new highs this month on solid economic

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Graphite India picks up 46% stake in US-based company for Rs 135 crore
KOLKATA: K K Bangur controlled Graphite India has picked up a 46 per cent stake in the US-based unlisted graphene sheet producer, General Graphene Corporation for $ 18.59 million (approximately Rs 135 crore). The acquisition is in line with the company's 'long-standing strategy of focusing on high end technologies'.

The all-cash deal was made

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LT Foods jumps on board's investment approval
Shares of LT Foods climbed over 2 per cent today as the board approved the proposed investment of up to Rs 140 crore by India Agri Business Fund II in Nature Bio Foods, a wholly owned subsidiary of the company.

The announcement was made on Friday post market hours.

The scrip was trading 2.35 per cent up at Rs 56.70 at around 9.40 am. It opened at

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NEW DELHI: Indian equity benchmark Sensex suffered a 332-point cut on Monday, extending its losing streak to the fourth consecutive session as FMCG, bank, energy, metal and IT heavyweights shed weight.

The market opened in the green, riding the optimism of strong GDP number and a rise in the rupee against the US dollar. However, weak gl obal

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Share market update: Nifty Metal in the green; Nalco, Hindalco shine
NEW DELHI: The Nifty Metal index was trading 0.70 per cent up at 3,669 around 02:50 pm on Monday.

Shares of NMDC (up 2.33 per cent), MOIL (up 1.90 per cent), Jindal Stainless (Hisar) (up 1.48 per cent), National Aluminium Company (Nalco) (up 1.20 per cent), Hindalco Industries (up 0.86 per cent), Jindal Steel - Power (up 0.75 per cent), Tata

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Stock market update: Check out the stocks that fell in a positive market
NEW DELHI: Shares of Balkrishna Industries (down 5.87 per cent), ITI (down 3.99 per cent) and Borosil Glass (down 3.69 per cent) were trading with losses in Monday's positive market.

Stocks such as Kirloskar Oil (down 3.34 per cent), Ashoka Buildcon (down 3.25 per cent), HDFC Asset Management Company (down 3.18 per cent), Hindusthan National Glass

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Tech view: Nifty forms engulfing bearish candle, signals downturn
After an initial fillip that the market got from June quarter GDP data, the gains fizzled out, as NSE’s Nifty50 spent most part of the session in rangebound trad e before shedding over 150 points from the day’s high in the last hour-and-a-half to close 98.15 points, or 0.84 per cent, down at 11582.

The index had opened at 11,751 in the morning

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REUTERS|

Updated: Sep 03, 2018, 02.56 PM IST

GettyImages-868731392London's FTSE 100 was the only trading centre clearly in the black with a weaker pound and the latest Brexit uncertainty providing an accounting boost for British blue chips
LONDON: European shares opened broadly flat on Monday as worries about U.S. trade policy and concerns over emerging markets weighed
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10 stock ideas that analysts say can deliver gains in 2-3 weeks
NEW DELHI: Despite last week’s subdued show, the bulls had an upper hand for six straight sessions and they finished winners on a weekly basis too. The gains came mainly from heavyweights in financial, IT and pharma sectors.

While a plunging rupee, negative global cues, global trade war worries and expiry of August series F-O contracts

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F O: Bears have returned to Dalal Street with a bang
By Chandan TapariaThe Nifty50 index on Monday opened with a gap up but failed to hold in the opening zone and drifted sharply towards the 11,567 level in the last half-an-hour of trade. It broke its rising support trend line by connecting all the recent swing lows and slipped below its immediate support at 11,620 level.

The index formed a

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Stock market update: FMCG stocks under pressure; HUL plunges over 3%
NEW DELHI: Most FMCG stocks were incurring losses in afternoon session of trade on Monday.

The Nifty FMCG index was trading 1.45 per cent down at 32,435 around 02:40 pm.

Hindustan Unilever (HUL)(down 3.11 per cent), Dabur India (down 2.30 per cent), United Spirits (down 2.11 per cent), Procter - Gamble Hygiene - Healthcare (down 1.67 per

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Share market update: Market in the green; these stocks make merry
NEW DELHI: Shares of Hinduja Global Solutions (up 8.84 per cent), Vindhya Telelink (up 7.16 per cent), Asahi India Glass (up 6.73 per cent), Ingersoll Rand (India) (up 6.68 per cent) and Globus Spirits (up 6.68 per cent) jumped over 6 per cent on NSE in the morning session of trade on Monday.

Shares of Sintex Industries (up 6.38 per cent), Nectar

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Sensex plunges 333 pts, Nifty below 11,600; 5 factors that weighed on market
NEW DELHI: Falling for a fourth straight day, the domestic equity market ended on a weak note on Monday on selloff in FMCG and bank stocks and rupee’s plunge to a fresh record low.

India’s stellar GDP data for June quarter failed revive market sentiment as further escalation in US-China trade war worries and persistent pain in emerging market c

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Shreyans Industries says Dolly Khanna holding 0.69% stake in firm
Chennai-based investor Dolly Khanna is holding 0.69 per cent stake in Shreyans Industries, company’s annual report has showed.

The annual report of the company, which manufacturers writing and printing paper, showed that Khanna was holding 95,767 shares as of March 2018 against 10,643 shares as of March 31, 2017.

Khanna was last spotted in

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Maruti Suzuki shares skid on soft August sales
Stock of Maruti Suzuki hit a road bump on Monday as India's largest carmaker reported 3.4 per cent decline in total sales for August.

The figure was 1,58,189 units compared with 1,63,701 in the same month last year.

The scrip was trading 0.63 per cent down at Rs 9,039.95 at around 9.30 am. The Sensex was up 122 points, or 0.32 per cent, at

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Share market update: BSE Oil Gas index down; ONGC, GAIL, RIL fall
NEW DELHI: The BSE Oil - Gas index was trading 0.39 per cent down at 15,021 around 3 pm on Monday.

Petronet LNG (down 1.25 per cent), ONGC (down 1.14 per cent), GAIL (India) (down 0.82 per cent), Reliance Industries (RIL) (down 0.68 per cent), Oil India (down 0.35 per cent) and BPCL (down 0.17 per cent) were the losers in the index.

Shares

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Share market update: Nifty Pharma index up; Dr. Reddy's Lab jumps 5%
NEW DELHI: The Nifty Pharma index was trading 0.70 per cent up at 10,464 around 02:35 pm on Monday.

Shares of Dr. Reddy's Laboratories (up 4.86 per cent), Sun Pharmaceutical Industries (up 1.95 per cent), Cadila Healthcare (up 1.59 per cent) and Lupin (up 1.04 per cent) were the gainers in the index.

However, Piramal Enterprises (down 2.62 per

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Growth boost: Animal spirits coming back
Growth engines are humming again. Indian economy expanded at a healthy 8.2per cent in the first quarter, led by the manufacturing sector, which grew by 13.5per cent during April-June 2018.

The icing on the cake is the spike in farm growth, which stood at 5.3per cent versus 3per cent in the same period last year.

In fact, the Q1 GDP growth is far

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