StockMarket

Stock market update: Telecom stocks dull; Idea Cellular, Bharti Infratel, Airtel fall
NEW DELHI: Most telecom stocks were trading lower in afternoon trade on Tuesday, keeping the sectoral index under pressure.

The BSE Telecom index was trading 0.26 per cent down at 1,166.06 around 02:25 pm.

GTL Infrastructure (down 3.82 per cent), GTL (down 3.44 per cent), Tata Teleservices (Maharashtra) (down 2.20 per cent), Reliance

Details
Category: Stock Market

Write comment (95 Comments)

LIC unlikely to pay any premium for IDBI Bank shares
By Vijay Ganeshan IyerLife Insurance Corporation of India (LIC), which is in the process of buying a majority stake in IDBI Bank, is unwilling to offer any premium for the stake deal, sources told ETNow.

LIC is set to pick up to 51 per cent stake in the bank and the deal is expected to be closed in the next two months. Total outgo for the deal is

Details
Category: Stock Market

Write comment (92 Comments)

DSP Mutual Fund will accept investments through systematic investment plan (SIP) and Systematic transfer Plan (STP) in the DSP Small Cap Fund beginning September 3. The fund will, however, continue to not accept lump-sum investments.

“Broad valuations in the small cap space have come off. There could be volatility over the next one year. Investors

Details
Category: Stock Market

Write comment (99 Comments)

European shares reach two-week high after NAFTA deal; autos rally
LONDON: European shares rallied on Tuesday after the United States and Mexico reached a trade agreement, with autos enjoying another day of gains on an otherwise quiet day for company news.

The pan-European STOXX 600 index was up 0.3 percent by 0720 GMT, hitting a two-week high, while Germany's exporter-heavy DAX gained 0.3 percent.

Britain's

Details
Category: Stock Market

Write comment (97 Comments)

Vipul Ltd shares climb 13% after gets letter of award from UPEIDA
Vipul Ltd climbs 14% after after UP letter of award

Shares of Vipul Ltd advanced over 13 per cent early Tuesday as the company received a letter of award from the UP Expressway Industrial Development Authority for operations, maintenance, management and transfer of wayside amenities along the Agra-Lucknow Expressway.

The first year fixed annual

Details
Category: Stock Market

Write comment (91 Comments)

Share market update: Fertiliser stocks surge on subsidy cheer; Chambal Fertilisers, GDFC among top gainers
NEW DELHI: Most fertiliser stocks, including Fertilizers - Chemicals Tranvancore (up 13.81 per cent), Southern Petrochemicals Industries (up 12.75 per cent) and Chambal Fertilisers - Chemicals (up 12.60 per cent), surged in morning trade on Tuesday.

Fertiliser stocks swung to action after reports emerged that the government may start

Details
Category: Stock Market

Write comment (90 Comments)

Share market update: BSE Auto index in the green; Maruti among top gainers
NEW DELHI: The BSE Auto index was trading 0.54 per cent up at 24,815.39 around 02:15 pm on Tuesday, with Balkrishna Industries (up 5.02 per cent) as the top gainer.

Shares of Motherson Sumi Systems (up 1.77 per cent), Cummins India (up 1.76 per cent), Maruti Suzuki India (up 1.69 per cent), Bosch (up 1.16 per cent), TVS Motor Company (up 1.07 per

Details
Category: Stock Market

Write comment (91 Comments)

Stock market update: Over 40 stocks hit 52-week highs on NSE
NEW DELHI: Over 40 stocks, including Axis Bank, Infosys, Tech Mahindra, Reliance Industries and Bajaj Finance, hit 52-week highs on NSE in Tuesday's trade.

Cipla, Birla Cable, Indiabulls Ventures, Indiabulls Integrated Services, Jubilant Foodworks, L-T Technology Services, Orient Refractories, Page Industries, Piramal Enterprises, Pfizer, RBL

Details
Category: Stock Market

Write comment (92 Comments)

If relative valuations are an indicator, then emerging markets (EMs) are likely to rebound from their current levels. The price-earnings multiple (P/E) of the MSCI Emerging Market index currently trades at the upper end of the range of 25-34per cent valuation discount over the S-P 500 valuation. In the past five years, the MSCI EM index has
Details
Category: Stock Market

Write comment (91 Comments)

Australia shares end up on hopes of easing trade tensions; glitch halts NZ
Australianshares ended higher on Tuesday, buoyed by hopes that global trade tensions may be easing after the United States and Mexico found common ground to overhaul a North American trade deal.

The S-P/ASX 200 index gained 0.6 per cent to 6,304.7 points at the close of trade. The benchmark rose 0.4 per cent on Monday.

Investors are watching

Details
Category: Stock Market

Write comment (91 Comments)

Share market update: Nifty Bank in the red; BoB, YES Bank top losers of the pack
NEW DELHI: Most bank stocks, including Bank of Baroda (BoB) (down 2.60 per cent), YES Bank (down 2.47 per cent) and Federal Bank (down 1.81 per cent), were suffering losses in morning trade, weighing on the sectoral index during Tuesday's session of trade.

The Nifty Bank index was trading 0.19 per cent down at 28,212 around 10:45 am.

RBL Bank

Details
Category: Stock Market

Write comment (92 Comments)

Jet Airways gains 1% despite Rs 1,323 crore Q1 loss
NEW DELHI: Shares of Jet Airways slipped over 3 per cent early Tuesday after the aviation company reported a whopping Rs 1,323 crore net loss for the three months to June. However, the share recouped losses to gain a per cent.

The scrip was trading at 284.70 apiece, up 0.87 per cent.

The loss is mainly due to higher fuel cost and other expenses

Details
Category: Stock Market

Write comment (93 Comments)

View from New York: Finally, US smart money is falling for Modi-fied India
As we go into the fall of 2018, there is euphoria and excitement in the air in the US. Fall is traditionally associated with changing of the colour of leaves, a new beginning and rejuvenation of the spirit. It is also associated with extreme volatility followed by optimism and hope for a better future. The Second World War, the 9/11 attack on the
Details
Category: Stock Market

Write comment (94 Comments)

NEW DELHI: Even as equity benchmarks Sensex and Nifty scaled fresh new highs on Monday, momentum indicator moving average convergence divergence, or MACD, showed bullish crossovers on 50 counters on NSE.

Among the stocks that witnessed this bullishness were REC, Adani Transmission, GSFC, Orient Refractories, Piramal Enterprises, Bajaj Finance,

Details
Category: Stock Market

Write comment (100 Comments)

Buzzing stocks: JP Associates, Jet Airways, RIL, ICICI Bank
NEW DELHI: With over 2.08 crore shares changing hands, Jaiprakash Associates was leading among the most traded stocks on NSE early Tuesday.

It was followed by Lanco Infratech (number of shares traded: 1.33 crore), Reliance Communications (0.99 crore), Jet Airways (0.77 crore), Adani Power (0.72 crore), Unitech (0.53 crore), Rashtriya Chemicals and

Details
Category: Stock Market

Write comment (94 Comments)

Nikkei closes at highest since June 15, but can't stay above 23,000
TOKYO:Japan's Nikkei breached 23,000 on Tuesday thanks to the United-States-Mexico trade deal, then shed most of the gains on profit-taking but still ended the day at its highest close since mid-June.

The Nikkei share average finished the day up 0.1 percent at 22,813.47.

The United States and Mexico agreed on Monday to overhaul the North

Details
Category: Stock Market

Write comment (96 Comments)

Lanco Infra comes off 4% on liquidation order
NEW DELHI: Shares of Lanco Infratech fell 4 per cent on Tuesday as the National Company Law Tribunal (NCLT) ordered liquidation of the company after its committee of creditors (CoC) rejected a revised resolution plan from Thriveni Earthmovers.

The stock fell 4.28 per cent to hit a low of Re 0.70 on the BSE.

The Hyderabad bench of NCLT headed by

Details
Category: Stock Market

Write comment (100 Comments)

Stock market update: BSE Smallcap index underperforms Sensex; JP Associates, Shriram EPC among top losers
NEW DELHI: The BSE Smallcap index was underperforming benchmark Sensex in afternoon trade on Monday.

Around 1:25 pm, the smallcap index was 0.89 per cent up at 17,014, while the Sensex was 1.15 per cent up at 38,691.

Shares of Adani Transmission (up 15.58 per cent), Ujaas Energy (up 13.57 per cent), Healthcare Global Enterprises (up 12.70 per

Details
Category: Stock Market

Write comment (96 Comments)

Ruchi Soya's promoters sell 3.18% stake in open market
New Delhi: Bankruptcy-bound Ruchi Soya's promoters have sold 1.06 crore shares, worth 3.18 per cent stake, through open market transactions, the debt-ridden edible oil firm said in a regulatory filing.

Ruchi Soya's promoter entity Disha Foundation Trust sold these shares on August 24.

After sale of these shares, the promoters' stake in the company

Details
Category: Stock Market

Write comment (94 Comments)

Stressed assets: Big bank clean-up enters the last lap
The big bank clean-up may have entered the final phase with almost Rs 4 lakh crore worth of bad loans going to the resolution process under the Insolvency - Bankruptcy Code.

With the RBI’s 180-day deadline for resolution of stressed assets coming to an end, banks are now expected to initiate debt resolution proceedings against defaulters.

Incid

Details
Category: Stock Market

Write comment (99 Comments)

Share market update: Britannia, ITC keep Nifty FMCG index in the green
NEW DELHI: Gains in shares of Tata Global Beverages (up 1.62 per cent), Dabur India (up 1.22 per cent), Britannia Industries (up 1.13 per cent) and ITC (up 1.06 per cent) were keeping the Nifty FMCG index in the green in Monday's session.

The Nifty FMCG index was trading 0.69 per cent up at 32,609.45 around 01:15 pm.

The losses in shares of

Details
Category: Stock Market

Write comment (90 Comments)

China stocks end slightly lower, investors take breather
SHANGHAI: Chinese stocks ended slightly lower on Tuesday, as investors paused for breath after strong gains the previous session.

The blue-chip CSI300 index fell 0.2 per cent to 3,400.17 points, while the Shanghai Composite Index slipped 0.1 per cent to 2,777.98 points.

China's investment growth, already at record lows, may weaken even further in

Details
Category: Stock Market

Write comment (95 Comments)

Stock market update: These stocks defy positive market sentiment, plunge 5%
NEW DELHI: Defying the positive market sentiment, shares of RattanIndia Power (down 7.69 per cent), Optiemus Infracom (down 5 per cent) and Kwality (down 4.94 per cent) plunged 5 per cent on NSE in Tuesday's session.

Stocks such as Poly Medicure (down 4.79 per cent), Monnet Ispat and Energy (down 4.07 per cent), Nectar Lifesciences (down 4.01 per

Details
Category: Stock Market

Write comment (96 Comments)

MCA seeks details from crisis-hit Jet and itauditors
NEW DELHI: The corporate affairs ministry has sought details from crisis-hit Jet Airways about certain issues as well as from its auditors on the postponement of quarterly results, a senior official has said.

The full service carrier, whose board is scheduled to consider the financial results for the June quarter on Monday, is exploring ways to

Details
Category: Stock Market

Write comment (97 Comments)

Truce time at UTI MF as stakeholders patch up
The boardroom battle at UTI Mutual Fund is likely to end as stakeholders have decided to bury their hatchet, ETNow said today, quoting sources.

T Rowe Price, a key shareholder in India's oldest asset management company, may take back its earlier petition at the Bombay High Court seeking relief.

The plea was filed against other stakeholders in the

Details
Category: Stock Market

Write comment (98 Comments)

ET Intelligence Group: India Inc distributed the highest amount of dividend in FY18 since at least FY13. According to the data compiled by the ET Intelligence Group, a sample of 870 companies that declared dividends every year since FY13 paid Rs 1,78,501 crore of dividend, 3 per cent more than that paid in the previous fiscal.

The sample companies

Details
Category: Stock Market

Write comment (97 Comments)

Apollo Tyres plans $1B investments to dethrone MRF
MUMBAI: Apollo Tyres, India’s largest maker of tyres for commercial vehicles, has lined up $1 billion in investments with an eye on grabbing the No. 1 position from MRF Ltd across other segments — excluding two-wheelers — and crossing Rupee20,000 crore in revenue by 2020.

This would be the company’s biggest investment yet and has in mind global e

Details
Category: Stock Market

Write comment (93 Comments)

NEW DELHI: Narendra Modi-led BJP may retain power in the 2019 elections, but the magical majority mark may remain elusive for the saffron party. This is how many of the foreign brokerages are reading India’s electoral arithmetic in a changed political climate.

They see anti-incumbency and opposition unity are key threats to Modi’s ambition for a

Details
Category: Stock Market

Write comment (95 Comments)

MUMBAI: Benchmark indices posted record closing highs on Monday, ending up over 1per cent on strong cues from Asian markets after the US Federal Reserve affirmed the central bank’s gradual rate hike policy.

The NSE Nifty crossed 11,700 for the first time, setting a new lifetime high of 11,700.95 during Monday’s session. The index ended a shade b

Details
Category: Stock Market

Write comment (99 Comments)

Stock market update: Nifty IT index climbs 1%; Infosys, Tech Mahindra among top gainers
NEW DELHI: Most IT stocks were trading with gains in the afternoon trade on Monday.

IT stocks rose after rupee failed to sustain the below 70-level against the US dollar. The rupee on Monday opened 15 paise higher at 69.76 against the US dollar, but soon pared gains to cross the 70-mark. At the time of writing this report, rupee was trading at

Details
Category: Stock Market

Write comment (99 Comments)