StockMarket

Greaves Cotton jumps 12% on Ampere stake buy
NEW DELHI: Shares of Greaves Cotton climbed 12 per cent on Thursday on the news that it will acquire a majority stake in EV company Ampere Vehicles, subject to customary closing conditions.

The stock rose 12.2 per cent to hit a high of Rs 164.55 on the BSE early this morning.

“This acquisition will accelerate the development of clean energy t

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Nifty, Sensex come off record highs ahead of F O expiry
NEW DELHI: Equity benchmarks Sensex and Nifty snapped their two-day winning streak on Wednesday after RBI flagged concerns over inflation and fiscal risks amid volatility ahead of the expiry of August series.

The Reserve Bank of India in its annual report for 2017-2018 cautioned on an uptick in headline inflation, warranting continuous vigil. The

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Hathway Cable gets approval to raise funds; rallies 15%
Shares of Hathway Cable rallied as much as 15 per cent on Wednesday after the company received nod to raise funds worth Rs 99.63 crore.The company has received an approval for raising of funds through issuance of 30,800,000 equity shares at a price of Rs 32.35 per equity share including premium of Rs 30.35 per equity share, which is higher than
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Share market update: PSU bank stocks fall; SBI, BoB, PNB among losers
NEW DELHI: Most PSU bank stocks were incurring losses in the morning session of trade on Thursday, keeping the sectoral index under pressure.

The Nifty PSU Bank index was trading 0.63 per cent down at 3,265.3 around 10:35 am, with Oriental Bank of Commerce (down 1.48 per cent), Union Bank of India (down 1.19 per cent) and Indian Bank (down 1.04

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007 carmaker Aston Martin gears up for London stock market float
London: Aston Martin on Wednesday said it plans to float one quarter of the British company on the London stock market, as demand rises worldwide for the luxury brand's cars favoured by fictional spy James Bond.

Full details of the initial public offering will be published on September 20, Aston Martin said in a statement, with reports noting that

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Share market update: IT stocks suffer even as rupee plunges to record low; Infosys, HCL Tech down 1%
NEW DELHI: Most IT stocks were incurring losses in afternoon trade on Wednesday even as rupee touched its all-time low of 70.58 against the US dollar.

The Nifty IT index was trading 0.48 per cent down at 15,508.35 around 01:30 pm, with only KPIT Technologies (up 0.88 per cent), Oracle Financial Services Software (up 0.33 per cent) and Wipro (up

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ET Intelligence Group: India has joined countries such as Mexico, Brazil, Singapore, Uruguay and Cambodia in banning electronic cigarettes. What does it mean to the country’s top cigarettes maker ITC

The blanket ban on import, manufacture and sale of ecigarettes and other electronic nicotine delivery systems, which are gaining ground with young

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Inflows in SIPs may turn vulnerable if returns turn negative: UBS
New Delhi: Retail flows into Indian equity market are likely to be vulnerable as equities are perceived as a risky asset, while investors' fixation with the bank account still remains, says a UBSreport.

According to the global financial services major, investors are open to put a stop on fresh investments or even redeeming SIPs (systematic

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Japan's Nikkei on 7-day winning run, supported by tech shares
TOKYO: Japan's Nikkei share average rose for the seventh straight session on Wednesday as technology shares advanced along with their Wall Street counterparts.

The Nikkei ended the day up 0.15 per cent at 22,848.22 points.

Tokyo Electron rose 0.87 per cent, Advantest Corp added 1.95 per cent, SUMCO Corp advanced 1.49 per cent and Screen Holdings

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ET Intelligence Group: Hotel stocks have not been able to earn meaningful returns over the past year. That, however, may change given the early signs of a turnaround in the form of rising occupancy and higher room rates, which may bring these stocks back on the investors’ radar.

The occupancy rate and average room rates (ARR) are rising once again

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HC refusal of relief to power companies may throw up some buying opportunities
NEW DELHI: Allahabad High Court's refusal of interim relief to power companies against RBI's February circular on stressed asset resolution may open up a sea of opportunities for prospective buyers of these debt-ridden firms.

Analysts say the stressed assets would be up for grabs at 50-75 per cent discount, which may not just lead to consolidation

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Stock market update: Nifty Pharma subdued as Cadila, Lupin, Cipla suffer losses
NEW DELHI: Losses in shares of Cadila Healthcare (down 2.42 per cent), Dr. Reddy's Laboratories (down 1.43 per cent), Lupin (down 0.78 per cent) and Cipla (down 0.13 per cent) were weighing on the pharma pack in afternoon trade on Wednesday.

The Nifty Pharma index was trading almost flat at 10,049 around 01:20 pm despite gains in shares of Biocon

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Stock market update: These stocks plunged up to 5% in a cautious market
NEW DELHI: Shares of Uflex (down 5.45 per cent), Kwality (down 4.78 per cent) and InterGlobe Aviation (down 4.01 per cent) cracked up to 5 per cent on NSE in Thursday's session.

Stocks such as Amrutanjan Health Care (down 3.99 per cent), Olectra Greentech (down 3.75 per cent), Teamlease Services (down 3.40 per cent), SKIL Infrastructure (down 3.17

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Share market update: OMCs rise; IGL, ONGC, BPCL clock gains
NEW DELHI: Shares of most oil marketing companies (OMCs) were trading with gains in afternoon trade on Wednesday.

The BSE Oil - Gas index was trading 0.30 per cent up at 15,138.49 around 02:45 pm.

Shares of Indraprastha Gas (IGL) (up 2.61 per cent), ONGC (up 1.43 per cent) and Castrol India (up 1.40 per cent) were the top gainers in the

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Will power NPAs claim a scapegoat
Everyone is scared of someone. Bankers are reluctant to lend. The regulator is unwilling to relax the rules. The minister is hesitant to tell the regulator to change the rules. And babus, who advise the ministers, find it too hot to handle. All are praying for the court to kick the can so that they are not roasted and ridiculed by the Opposition
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ET Intelligence Group: Multinational pharmaceutical companies, including Abbott India, GlaxoSmithKline Pharma, Pfizer India and Merck, are increasingly looking to increase their market share in the $33-billion local industry.

According to reports, the Indian pharma industry, which is 10 per cent of the global pharmaceutical business by volume but

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Stock market update: Idea Cellular, Bharti Infratel drag BSE Telecom index down
NEW DELHI: Losses in shares of Idea Cellular (down 3.13 per cent), OnMobile Global (down 1.55 per cent), Bharti Infratel (down 0.99 per cent) and Himachal Futuristic Communications (HFCL) (down 0.60 per cent) weighed on the telecom pack in Wednesday's session.

The BSE Telecom index was trading 0.15 per cent down at 1,167 around 02:40 pm.

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Manas Jaiswal of manasjaiswal.com has a buy call on Adani Ports - Special Economic Zone Ltd. with a target price of Rs 400. The current market price of Adani Ports - Special Economic Zone Ltd. is Rs 387.3 Time period given by the analyst is Intra Day when Adani Ports - Special Economic Zone Ltd. price can reach the defined target.
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Share market update: These stocks surged over 10% in a weak market
NEW DELHI: Shares of Hindusthan National Glass - Industries (up 19.98 per cent), ITI (up 12.55 per cent) and Jaiprakash Power Ventures (up 10.94 per cent) surged over 10 per cent on NSE in morning trade on Thursday in an otherwise weak market.

Stocks such as United Bank of India (up 8.89 per cent), Greaves Cotton (up 8.46 per cent), Shalby

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European shares edge up, optimism from U.S./Mexico deal fizzles
LONDON: European shares rose slightly at the open on Wednesday as optimism triggered by the US/Mexico deal gradually fizzled and uncertainty grew about a similar agreement with Canada and a lasting solution to the trade spat with China.

At 0719 GMT, the STOXX 600 was up 0.2 per cent with most bourses and sectors trading in positive territory.

Germa

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Independent analyst Kunal Bothra has a buy call on Sterlite Technologies Ltd. with a target price of Rs 400.0 . The current market price of Sterlite Technologies Ltd. is Rs 365.25 Time period given by analyst is Intra Day when Sterlite Technologies Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 348.

Sterlite

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RIL shares trade lower after Jefferies cuts target price
NEW DELHI: Shares of Reliance Industries (RIL) dipped more than 1 per cent in early trade on Thursday after the global brokerage firm Jefferies cut target price for the stock to Rs 880.

The brokerage looks not so confident on the stock’s prospects and sees a potential downside of 32 per cent from current levels.

The scrip was trading 1.04 per cent

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Share market update: BSE Auto index in the green; M M, Tata Motors among top gainers
NEW DELHI: Shares of Bosch (up 4.58 per cent), Bharat Forge (up 2.28 per cent), Balkrishna Industries (up 0.98 per cent), Mahindra - Mahindra (M-M) (up 0.83 per cent) and Tata Motors (up 0.81 per cent) were trading with gains, giving a leg up to the auto index in Wednesday's session.

The BSE Auto index was trading 0.30 per cent up at

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Buy Tata Steel, target Rs 625: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Tata Steel Ltd. with a target price of Rs 625. The current market price of Tata Steel Ltd. is Rs 589.35. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 570. Tata Steel Ltd., incorporated in
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Buzzing stocks: JP Associates, RCom, RIL, YES Bank
NEW DELHI: Jaiprakash Associates, with over 2.28 crore shares changing hands, emerged as the most traded stock on NSE in morning trade on Thursday.

It was followed by, Reliance Communications (number of shares traded: 1.79 crore), Jaiprakash Power Ventures (1.09 crore), Adani Power (0.86 crore), YES Bank (0.75 crore), HDIL (0.57 crore), JSW Steel

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Sebi to auction properties of 4 companies in Sept, sets reserve price at Rs 9-crore
New Delhi: Markets regulator Sebi will auction as many as 16 properties of four companies including Golden Life Agro India and Sun Plant Agro next month at a reserve price totalling Rs 9 crore. Properties of Greenworld Agro Industries and Sun Plant Business will also go under the hammer.

The move is part of an effort by Sebi to recover money that

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Buy Tata Steel, target Rs 625: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Tata Steel Ltd. with a target price of Rs 625. The current market price of Tata Steel Ltd. is Rs 589.35. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 570. Tata Steel Ltd., incorporated in
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F O: Bears gain upper hand ahead of expiry
By Chandan TapariaThe Nifty50 index failed to surpass previous day’s high and witnessed selling pressure towards 11,678 on Wednesday. It formed a bearish candle on the daily scale followed by a Doji or a Spinning Top candle, which indicates that the bears are putting pressure at higher levels ahead of its monthly derivatives settlement.

The

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Midcaps are up and running: These 10 stocks showing the way
Midcaps are trying all they can to get back their mojo on Dalal Street again.

Consider this. The BSE Midcap index is looking to outpace benchmark Sensex in August for the first time in six months. It rallied 4.10 per cent on a month-to-date basis till August 28 while the 30-share Sensex jumped 3.40 per cent during the same period.

On the other

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Buy Reliance Industries, target Rs 1340: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Reliance Industries Ltd. with a target price of Rs 1340.0 . The current market price of Reliance Industries Ltd. is Rs 1318.2 Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1300. Reliance
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