StockMarket

Share market update: Market trade higher, but these stocks suffer
NEW DELHI: Shares of Cerebra Integrated Technologies (down 8.49 per cent), Kwality (down 4.78 per cent), J.kumar Infraprojects (down 4.41 per cent) and HCC (down 4.11 per cent) plunged in the morning session on Friday even as market was in the green territory.

YES Bank (down 3.94 per cent), Capri Global (down 3.77 per cent), PNB Gilts (down 2.88

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Warren Buffett says Berkshire buying own stock, and more of AppleWarren Buffett says Berkshire buying own stock, and more of AppleWarren Buffett says Berkshire buying own stock, and more of Apple
Warren Buffett says Berkshire buying own stock, and more of Apple
NEW YORK: Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Thursday said the conglomerate has bought back its own stock for the first time since 2012 and has added a "little" to its already huge stake in Apple Inc .

Buffett also said investors are better off owning a basket of stocks than 30-year bonds and other

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Tech view: Hammer on Nifty chart shows bulls are trying to fight back
NEW DELHI: The Nifty50 ended August F-O series flat at 11,676 on Thursday. The index formed a ‘Hammer’ candle on the daily chart, suggesting that the bulls managed to fight back and recovered some ground in the end.

This was the second day of lower-high lower-low formations for the index, warranting caution. A fall below the 11,590-20 range

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ICICI Securities jumps 5% as Chanda Kochhar stays on board
NEW DELHI: Shares of ICICI Securities climbed 5 per cent on Friday after ICICI Bank, which holds 80 per cent stake in ICICI Securities, voted in favour of having Chanda Kochhar on the board of ICICI Securities.

Corporate governance observers questioned the move.

“Wondering if the decision to send Kochhar on leave was an eye-wash,” said Shriram Sub

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Argentina’s central bank on Thursday raised its benchmark interest by 15 percentage points to 60 percent, the highest in the world, after the peso plummeted to a new record low.

The move comes one day after President Mauricio Macri announced he had requested the International Monetary Fund to speed up disbursements from a $50 billion credit line,

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F O: Nifty50 has slipped, but bulls are still holding a tight grip
By Chandan TapariaThe Nifty50 index continued its weakness for the second consecutive session and slipped towards the 11,640 mark on Thursday. However, it recovered from the lows in last hour of volume-weighted average price buying on expiry settlement. The index formed a Hammer candle on the daily scale, which indicated that the decline again
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HDFC waives off processing fee for Kerala flood affected
MUMBAI: HDFC is offering home improvement loans at zero processing fees at rate of interest at 8.5per cent to people affected by floods in Kerala. The loan terms will be valid only for all loan applications submitted up to October and for NRIs and PIOs as well.

“We have decided to offer home improvement loans to all people whose properties have b

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Wall Street lower on China tariff worries
US stocks fell on Thursday, after four days of gains, weighed down by weak results from retailers and on rising concerns over the U.S.-China trade war that has weighed on markets for most of the year.

Washington has proposed slapping tariffs on a further $200 billion worth of Chinese goods, which will come into effect next month after a public

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Sensex drops 33 pts, Nifty50 settles August F O series at 11,680
NEW DELHI: The benchmark indices on Thursday ended lower for a second straight session as investors squared off positions on the expiry day of August F-O series. Weakness in the domestic currency and global stocks further dented investor confidence.

The rupee in plunged to its fresh all-time low level of 70.85 against the US dollar amid on

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NEW DELHI: The counter of YES Bank, with over 2.62 crore shares changing hands, was buzzing as the most traded stock on NSE early Friday.

The stock fell nearly 4 per cent on NSE after the Reserve Bank of India (RBI) has allowed YES Bank CEO Rana Kapoor to continue in his present position till further notice just a day before his current three-year

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Rajiv Singh, wife sell DLF shares worth Rs 351 crore
DLF Vice Chairman Rajiv Singh and his wife Kavita today offloaded 1.62 crore shares of the realty major for over Rs 351 crore to another promoter entity.

The shares were picked up by Rajdhani Investments and Agencies Pvt Ltd through open market transaction.

According to block deal data available with the NSE, Rajiv Singh sold 70 lakh shares of

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ICICI Bank votes in favour of appointing Chanda Kochhar on board of ICICI Securities
ICICI Bank, which holds 80 per cent stake in ICICI Securities, on Thursday voted in favour of having Chanda Kochhar on the board of ICICI Securities.

Kochhar, CEO and Managing Director of ICICI Bank, was earlier sent on leave as the lender launched an independent probe into the allegations of conflict of interest in the bank advancing large loans

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Sensex rebounds, gains 50 pts, Nifty tests 11,700 ahead of Q1 GDP data
NEW DELHI: Indian equities opened on a volatile note, tracking weak Asian cues in the wake of renewed trade war jitters.

Asian stocks declined after media reports suggested that Trump administration might impose another set of tariffs on Chinese goods.

Bloomberg reported, quoting people familiar with the matter, that Trump said he was ready to

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Rising costs to pressurise profitability of cement cos: Icra
Mumbai: Despite pick-up in cement demand in Q1 FY 19, higher coal, pet coke prices and freight costs in the near-term are likely to put pressure on the profitability margins and debt metrics of the cement companies, a report said.

Domestic cement demand registered a healthy growth of 14.2 per cent Y-o-Y in Q1 FY2019. This buoyancy has however not

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Stock market update: Nifty FMCG index climbs 1%; ITC, HUL play ball
NEW DELHI: Gains in shares of United Spirits (up 2.64 per cent), United Breweries (up 2.25 per cent) and ITC (up 1.45 per cent) were keeping the Nifty FMCG index in the green during Thursday's session.

The Nifty FMCG index was trading 0.93 per cent up at 32,731 around 11 am.

Shares of Marico (up 1.44 per cent), GlaxoSmithKline Consumer Healthcare

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NCLT is the only viable option for power companies
When Ultra Mega Power Projects were the flavour of the season a decade ago, one key company was missing in action. And that was the biggest power producer in the country — state-owned NTPC.

This reporter asked a top NTPC executive then as to why NTPC couldn’t make it. He said, “None of these projects are viable the way they are structured and at th

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IDFC IPO matter: Sebi imposes Rs 5 lakh fine on individual
New Delhi: Sebi today slapped Rs 5 lakh fine on an individual for failing to comply with its direction to disgorge unlawful gains made during the initial public offer of IDFC.

The regulator had passed an order in December 2008 pertaining to the dealings by one Deepakkumar Shantilal Jain in the IPO of IDFC Ltd and directed him to disgorge the

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Unitech stock choppy as net loss widens
Shares of Unitech Ltd moved both ways early Thursday as net loss of the crisis-hit realty firm widened.

On Wednesday, it informed bourses that its net loss swelled to Rs 72.95 crore for the first quarter to June.

The scrip was in the red in the beginning today, but swung to positive territory before trading steady.

The company’s net loss stood at

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Buy SREI Infrastructure Finance, target Rs 58: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on SREI Infrastructure Finance Ltd. with a target price of Rs 58. The current market price of SREI Infrastructure Finance Ltd. is Rs 53.85. Time period given by the analyst is Intra Day when SREI Infrastructure Finance Ltd. price can reach the defined target. Manas Jaiswal recommended to keep
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India pitches for rating upgrade with S P, cites macro stability
India today pitched for ratings upgrade with S-P as the US-based agency discussed macro economic situation with the Finance Ministry here against the backdrop of depreciating rupee and widening current account deficit (CAD), according to an official.

Rising oil prices, their impact on government finances and increasing GST collections figured

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Laurus Labs climbs 6% on USFDA approval
Shares of Laurus Labs climbed 6 per cent on Thursday after the pharma company received USFDA approval for a generic drug used in treatment of diabetes.

The stock rose 5.84 per cent to hit a high of Rs 464.35 on the BSE.

In a filing to BSE, the drugmaker said the US regulator has okayed Metformin Hydrochloride Tablets USP 500 mg, 850 mg and 1,000

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Buy Wockhardt, target Rs 695: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Wockhardt Ltd. with a target price of Rs 695. The current market price of Wockhardt Ltd. is Rs 664.95 Time period given by the analyst is Intra Day when Wockhardt Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 649. Wockhardt Ltd., incorporated in 1999,
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Stock market traded lacklustre on Thursday -- barring an recovery attempt in the last half hour of the trade -- despite being the day of expiry of current derivative series.

The NSE benchmark Nifty50 oscillated in a 40-point range throughout the day. Except for the FMCG and Pharma packs, rest of the indices showed no major moves on either sides.

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Share market update: Metal mining stocks shine; Hindustan Copper surges over 5%
NEW DELHI: Metal - mining stocks were shining during Thursday's session, boosting the sectoral index on NSE.

The Nifty Metal index was trading as the top gainer among the sectoral indices on NSE.

The metal pack was trading 1.21 per cent up at 3,678.25 around 10:52 am, with shares of Hindustan Copper (up 5.17 per cent) as top gainers.

Jindal

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Buy Glenmark Pharmaceuticals, target Rs 675: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Glenmark Pharmaceuticals Ltd. with a target price of Rs 675. The current market price of Glenmark Pharmaceuticals Ltd. is Rs 657.9. Time period given by the analyst is Intra Day when Glenmark Pharmaceuticals Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs
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HDFC offers home improvement loans for Kerala flood victims
HDFC today said it will provide home improvement loans with zero processing fee and at lower rate of interest for rebuilding properties ravaged by floods in Kerala.

Home improvement loans are for properties located in Kerala, even if the customer is stationed somewhere else, and will be valid only for loan applications submitted till October 31,

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Superb outlook, but lazy stocks: Auto sector presents mega puzzle
In times of market high, the auto sector is presenting the ultimate puzzle: projections are superb, but stocks are not going into fast lane.

Indian auto sector was on a roll for the past two years, but is going through a rough patch since May, as reflected by the relative underperformance of BSE Auto index in comparison with Sensex.

The BSE Auto

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Tata Capital to raise Rs 7500 crore through public issue of NCDs
Tata Capital, the NBFC arm of the Tata Group, is looking to raise Rs 7,500 crore through a public issue of non-convertible debentures (NCD) in only the second such exercise by the company - and the first offer this decade.

“The company has received in-principle approval from the exchange and is likely to receive approval from the ROC soon. The p

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NEW DELHI: Domestic equity indices finished the last day of August F-O series on a muted note as losses in bank, financial, auto and OMC stocks undid the gains in metals, FMCG and IT shares.

Bearish sentiment in other Asian markets hurt Dalal Street, too. China stocks fell over 1 per cent on concerns that Beijing’s ongoing trade conflict w

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Stock market update: Nifty Private Bank index down; YES, Kotak, Axis, IndusInd Bank slip over 1%
NEW DELHI: Shares of RBL Bank (down 2.35 per cent), YES Bank (down 1.73 per cent), Kotak Mahindra Bank (down 1.29 per cent), Axis Bank (down 1.25 per cent) and IndusInd Bank (down 1.15 per cent) fell during Thursday's session, keeping the private bank index under pressure.

The Nifty Private Bank index was trading 0.67 per cent down at 15,937.55

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