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Buy JSW Steel, target Rs 375: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on JSW Steel Ltd. with a target price of Rs 375. The current market price of JSW Steel Ltd. is Rs 366.15 Time period given by the analyst is Intra Day when JSW Steel Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 360. JSW Steel Ltd., incorporated in 1994, is a
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The market on Tuesday saw a positive opening on favourable global cues, however, it pared gains, but continued to stay in a capped range throughout the day, avoiding any major declines. Volatility was witnessed as NSE benchmark Nifty continued to post fresh lifetime highs. The index ended with a gain of 46.55 points or 0.40 per cent.

As, we

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7 things about today-s market: Stocks that lost steam, Jet-s flight IT gains
NEW DELHI: Domestic equity benchmarks Sensex and Nifty continued the record-setting run and finished at fresh record highs of 38,896 and 11,738, respectively on healthy gains in metals, energy, financial and IT stocks.

The 30-share Sensex added 202 points, or 0.52 per cent, while Nifty climbed 46 points, or 0.40 per cent.

Midcaps failed to

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'BUY' or 'SELL' ideas from experts for Wednesday, 29 August, 2018
NEW DELHI: Domestic stocks are likely to see a flat start on Wednesday. At 08:25 am, the Nifty futures of Singapore Stock Exchange (SGX) traded 9.50 points or 0.08 per cent lower at 11,793.

ET Now spoke to various experts and here's what they have to recommend for today's trade.CK Narayan of Chart AdviseJSW Steel is a 'buy' call with the target

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Rs 15 lakh crore wealth created in 40 sessions on D-Street; look who fuelled the rally
Investors on Dalal Street became richer by nearly Rs 15 lakh crore in just 40 trading session, as sustained buying in largecap stocks as well as fund inflows by domestic institutional investors supported market sentiment.

The total market capitalisation of all the BSE-listed firms soared to around Rs 159 lakh crore on August 28 from Rs 144 lakh

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F O: Lower volatility suggests bullish momentum will continue
By Chandan TapariaThe Nifty50 index opened in the positive and hit a new record lifetime high of 11,760 on Tuesday. It formed a Doji candle on the daily scale, but managed to hold the gains for the entire session. It has been respecting its rising channel and a support trend line, which confirms its bullish momentum.

Now, it has to hold above

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Hold LIC Housing Finance, target Rs 590: Jefferies Group
Jefferies Group has a hold call on LIC Housing Finance with a target price of Rs 590.

The current market price of LIC Housing Finance is Rs 521.95.

Time period given by Jefferies is one year when LIC Housing Finance price can reach the defined target.

Jefferies' view on the company:1Q PAT (Ind AS) rose 18.4 per cent YoY to Rs 5.7 billion vs our

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India INX launches Global Access with connectivity to CME group exchanges
BSE's India INX launched a special purpose vehicle, IndiaINX Global Access IFSC to facilitate access to global exchange markets through a single centralised platform. Global Access will offer access to products traded on international exchanges.

Global Access will provide its customers a single-window interface for trading on CME group exchanges,

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Berkshire's entry a vote for Indian entrepreneurs: Paytm's Vijay Shekar Sharma
NEW DELHI: E-commerce payment and digital wallet player Paytm has got a new investor, and this time an unlikely one -- Warren Buffett's Berkshire Hathaway. It is the first ever direct investment by Buffett's Berkshire in India.

Paytm founder Vijay Shekhar Sharma is upbeat. Berkshire's investment is an endorsement for Indian entrepreneurs, he told

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Buy Godfrey Philips India, target Rs 925: Yes Securities
YES Securities has a buy call on Godfrey Philips India with a target price of Rs 925.

The current market price of Godfrey Philips India is Rs 867.60.

Time period given by the brokerage is two weeks when Godfrey Philips India price can reach the defined target.

YES Securities recommended keeping a stop loss at Rs 840.

"Stock has broken out from a

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No paper or powerpoint! Here's how Paytm pitched to Buffett's Berkshire
A lengthy conversation on India, technology - philosophy without a single sheet of paper, document or a power point presentation helped clinch the most important deal of Paytm founder Vijay Shekhar Sharma's career.

Warren Buffett's Berkshire Hathaway picked up a minority stake in Paytm this week, making it the first direct investment for the

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Sensex jumps 203 points to 38,897; Nifty zips past 11,730
NEW DELHI: The domestic market soared to new highs on Tuesday propelled by strong trading in other markets the world over. Most Asian markets ended higher for the day on hopes of ease in trade tensions globally. Besides buying emerged ahead of F-O expiry.

World stocks rose to a six-month high, lifted by investor optimism that a US-Mexico deal

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Buy TVS Motor Company, target Rs 605: Yes Securities
YES Securities has a buy call on TVS Motor Company with a target price of Rs 605.

The current market price of TVS Motor Company is Rs 569.40.

Time period given bythe brokerage is two weeks when TVS Motor Company price can reach the defined target.

YES Securities recommended keeping a stop loss at Rs 548.

"Stock has broken out from a “W” pattern tr

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LIC to buy 14.9% stake in IDBI Bank
IDBI Bank today said Life Insurance Corporation (LIC) will buy 14.9 per cent equity stake in the bank, a move that would eventually lead to acquisition of the majority stake in the state-owned lender.

In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank.

LIC holds 7.98 per cent

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JBF Industries hits upper circuit
NEW DELHI: Shares of JBF Industries hit upper circuit limit of 5 per cent on BSE after the KKR Jupiter Advisors agreed to buy out a 100 per cent stake in the company's arm JBF Petrochemicals.

"The total debt of $464 million in JBF Petrochemicals will now no longer be consolidated in the accounts of JBF Industries. This will eliminate all

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Buy DHFL, target Rs 708: Yes Securities
YES Securities has a buy call on Dewan Housing Finance Corporation (DHFL) with a target price of Rs 708.

The current market price of Dewan Housing Finance Corporation is Rs 665.70.

Time period given by the brokerage is two weeks when DHFL price can reach the defined target.

YES Securities recommended keeping a stop loss at Rs 650.

"The stock is

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Slippages to moderate, 18 PSU banks may remain in the red: Icra
MUMBAI: NPA in the banking system may have peaked. The addition of fresh NPAs to the system this fiscal is expected to be 3% of the total banking sector advances, down from 7.3% in the year ago period, due to declining special mention accounts (SMA) and standard restructured advances, ratings agency ICRA said.

The Gurugram-based company also said

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Mumbai: Companies with higher institutional holdings will have a tough time issuing employee stock options (Esop) at par or at huge discount to current market price as fund managers have started voting against such resolutions as the low exercise price puts a burden on the company’s resources and is unfair to shareholders.

Proposals to issue or

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Jet Airways, IDBI Bank, Bharti Airtel and JSW Steel among top stocks to track today
NEW DELHI: The domestic equity market is expected to see a flat opening on Wednesday, tracking mixed Asian cues and Nifty futures on Singapore Stock Exchange (SGX). At 08:07 am, the Nifty futures traded 9.50 points or 0.08 per cent lower at 11,793.

Here's a look at the top stocks that hog limelight in today's session -

Jet Airways: The battered

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Widening CAD to increase borrowing costs, dull Fx borrowings
Mumbai: The widening current account deficit (CAD), which is projected to cross 2.6 per cent of GDP this year, coupled with the rupee plunge, is likely to increase borrowing costs for corporates and bring down the overall volume of fresh forex loans, says a report.

By losing over 9 per cent year-to-date, the rupee is the worst performing among

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Share market update: Adani Transmission, Adani Power keep BSE Power index up
NEW DELHI: Most power stocks, including Bharat Heavy Electricals (BHEL) (down 3.44 per cent), GMR Infrastructure (down 1.56 per cent), KEC International (down 1.45 per cent) and Tata Power Company (down 1.19 per cent), were trading in the red in afternoon trade on Tuesday.

Shares of ABB India (down 0.99 per cent), Power Grid Corporation of India

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Taking delivery against derivatives Pay same STT as in buying shares
MUMBAI: Traders wanting to take delivery of shares against their derivative positions will have to pay the same rate of Securities Transactions Tax (STT) as they shell out for buying shares. The Central Board of Direct Taxes (CBDT) on Tuesday clarified to the Bombay High Court that the STT — a tax that brokers collect from investors at the time of
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Physical settlement in F O to attract 0.10% STT: CBDT tells HC
Mumbai: The Central Board of Direct Taxes (CBDT) today told the Bombay High Court that 0.10 per cent securities transactions tax (STT) would be levied on physical delivery of shares in the equity derivatives segment.

A division bench of justices B R Gavai and M S Karnik had last week sought clarity from the CBDT on the STT rate after the

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Stock market update: Consumer durables index down; CG Consumer Electricals plunges 5%
NEW DELHI: Losses in shares of Crompton Greaves Consumer Electricals (down 4.76 per cent), PC Jeweller (down 4.17 per cent) and VIP Industries (down 3.45 per cent) were keeping the consumer durables index down in afternoon trade on Tuesday.

The BSE Consumer Durables index was trading 0.80 per cent down at 21,694.42 around 02:40 pm.

TTK Prestige

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LIC to buy 7% in IDBI Bank via preferential issue route
MUMBAI: Life Insurance Corporation of India will soon buy 7 per cent equity in IDBI Bank through a preferential share issue, taking its total exposure to 14.9 per cent, as a first step in taking majority stake in the state-owned bank.

IDBI Bank’s board of directors will consider the proposal for seeking shareholders’ approval through postal ballot

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Tech view: Nifty50chart pattern suggests a possible dip tomorrow
NEW DELHI: The Nifty50 gained for second straight session on Tuesday, and sixth in last seven, to settle at a record high of 11,740. It ended up forming a indecisive Doji candle that resembled an 'Evening Star' formation on the daily chart.

This, along with an advance-decline ratio that was skewed towards the latter, warranted caution.

Evening

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Tesla's U-turn puts it back at square one on cash
NEW YORK: Elon Musk's take-private plans for Tesla Inc have evaporated, but the company's looming debt needs remain.

With a debt load of about $10.5 billion and the possibility of an impending cash shortfall, Wall Street expects the luxury electric carmaker may need to raise funds before long.

Tesla Chief Executive Musk said late on Friday he

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Here’s a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds.

China Needs Growth BoostersChina is facing difficulties achieving stable and healthy economic development, the head of its state planning department said, adding that it needed to boost efforts to hit consumption and social

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NEW DELHI: NSE Indices on Tuesday announced a minor rejig in the benchmark Nifty50 index by replacing pharma stock Lupin with JSW Steel from September 28, 2018.

The index provider also announced that it will be replacing nine stocks in the Nifty Midcap 100 index.

The stocks to be excluded are AIA Engineering, Biocon, ICICI Lombard General

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Share market update: GAIL, HPCL drag BSE Oil Gas index down
NEW DELHI: Shares of GAIL (India) (down 4.70 per cent), HPCL (down 1.81 per cent), Petronet LNG (down 1.39 per cent), Indraprastha Gas (down 1.07 per cent) and Castrol India (down 1 per cent) were trading in the negative territory in afternoon trade on Tuesday.

The BSE Oil - Gas index was trading 0.59 per cent down at 15,114 around 02:30 pm.

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