StockMarket

Ruchi Soya jumps 5% as lenders okay takeover deal
NEW DELHI: Shares of Ruchi Soya hit a 5-per cent upper circuit limit on Friday after lenders to the largest domestic edible oil manufacturer approved the Rs 6,000 crore bid takeover bid by Adani Wilmar.

Adani Wilmar's bid was approved by the committee of creditors (CoC) with about 96 per cent votes in favour. The resolution professional (RP) will

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Vikas Khemani says investment cycle coming back to life
Investment cycle is getting on to a steadier footing as Indian economy revives.

According to Vikas Khemani, President and CEO, Edelweiss Securities, there are no two ways about it. "We have just begun the investment cycle Public investment is already going on. Private capex is set to take off," Khemani told ETNow.

Collective investments are

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US-China tariffs, Trump woes weigh on world stocks
LONDON: Worldstocks came under pressure on Thursday as new tariffs took effect in the U. S./ China trade war and markets speculated about US President Donald Trump's position following legal rulings against two former advisers.

The MSCIworld equity index, which tracks shares in 47 countries, was 0.1 per cent lower by 0822 GMT, while a rise

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Stock market update: Nifty Private Bank index down; ICICI Bank, YES Bank weigh
NEW DELHI: Losses in ICICI Bank (down 2.14 per cent), YES Bank (down 1.94 per cent), IDFC Bank (down 0.95 per cent) and IndusInd Bank (down 0.83 per cent) weighed on Nifty Private Bank index in morning session of Friday's trade.

The Nifty Private Bank was trading 0.44 per cent down at 15,863 around 10:35 am.

Shares of South Indian Bank (down 0.28

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Sebi calls for reduction in TER, more competition in MF sector
Markets regulator Securities and Exchange Board of India (Sebi) today stressed on the need of having higher competition in the mutual fund industry and called for rationalisation in the total expense ratio (TER).

Speaking at an Amfi summit here, Sebi chairman Ajay Tyagi highlighted that the top seven fund houses grab around 60-70 per cent of the

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Sino-US trade war: Chinese scholars debate who will take the biggest hit
NEW DELHI: Who will blink first in the ongoing trade war There are no easy answers.

But one thing is clear. Stakes are running high. The latest is officials from the US and China are meeting to resolve the stand-off on the prickly issue. But that no way has kept both sides from imposing another round of tariffs on each other.

In a pre-emptory

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Share market update: PSU bank stocks dull; Andhra Bank, BoB slip
NEW DELHI: Most PSU bank stocks were trading marginally lower in the morning session of trade on Friday.

Union Bank of India (down 1.13 per cent), Andhra Bank (down 0.76 per cent) and Syndicate Bank (down 0.50 per cent) declined up to 1 per cent.

Bank of Baroda (BoB) (down 0.37 per cent), Allahabad Bank (down 0.37 per cent), IDBI Bank (down 0.32

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Commodity outlook: Gold has stiff resistance at Rs 29,665 level
Gold prices fell from one-week highs hit in the previous session, as intensifying US-China trade war with another round of tariffs and expectations of higher interest rates lifted dollar.

Base metals traded mixed with copper falling for a second session as a trade dispute between Washington and Beijing deepened, triggering concerns about demand

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Stock market update: Telecom stocks under pressure; Bharti Infratel among top loser
NEW DELHI: A majority of telecom stocks were under pressure in afternoon trade on Thursday.

The BSE Telecom index was trading 0.11 per cent down at 1,160 around 02:45 pm.

Tata Teleservices (Maharashtra) (down 2.70 per cent), OnMobile Global (down 2.32 per cent), Himachal Futuristic Communications (down 2.32 per cent), Tejas Networks (down 2.25

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25 stocks that drive Indialargest DII portfolio of Rs 6.50 lakh crore
Life Insurance Corporation of India (LIC), India’s biggest institutional investor, holds over 1 per cent stake in as many as 344 companies in a portfolio that was worth Rs 6.50 lakh crore as of August 21.

But just 25 stocks contribute 72 per cent of the portfolio value. Stocks from across industries such as FMCG, oil - gas, infrastructure,

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Tech view: Hanging Man on Nifty chart shows market is losing steam gradually
NEW DELHI: The Nifty50 edged higher on Thursday and ended up forming a Hanging Man candle on the daily chart, suggesting lack of dem and at higher levels.

Analysts noted that the positive sequential movement of higher top and higher bottom formation was intact on the daily timeframe chart. The momentum remains positive and investors may keenly

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Global funds make beeline for Sadbhav Infra assets
By Ashwin MohanGlobal funds are making a beeline for Sadbhav Infrastructure Projects’ road and highway assets, which have been put on the block, sources said.

The company, owned by parent Sadbhav Engineering, may look to use deal proceeds for developing under-construction projects.

Top global funds including Brookfield, Macquarie Group, CPPIB and

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Opening after a trading holiday, the stock market on Thursday saw a positive start on expected lines. Though it marked a fresh marginal high once again, it saw paring of gains after the initial trade. However, Nifty once again recovered gradually from the low point and spent rest of the session in a capped range. It ended with a gain of 11.85
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NEW DELHI: Ending Thursday’s rangebound session, equity benchmarks Sensex and Nifty settled at fresh record highs of 38,336 and 11,582, respectively, on gains in energy, IT, auto and power stocks.

Losses in bank, metal, oil and financial shares pared some of the gains. The Sensex gained 51 points, or 0.13 per cent, and the Nifty 12 points, or 0.10

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Share market update: Oil gas index down; BPCL, IOC fall 3%
NEW DELHI: Shares of BPCL (down 2.82 per cent), Indian Oil Corporation (IOC) (down 2.82 per cent), HPCL (down 2.36 per cent) and Indraprastha Gas (down 2.23 per cent) were suffering significant losses in Thursday's session.

The BSE Oil - Gas index was trading 0.18 per cent down at 14,947 around 02:35 pm.

Shares of Petronet LNG (down 0.35 per

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'Rate hike criticism by Donald Trump won't sway US Fed'
By Christopher CondonFederal Reserve Bank of Kansas City President Esther George favors two additional interest-rate increases this year as long as the U.S. economy continues to gradually improve, adding that criticism by President Donald Trump will not influence the U.S. central bank.

“My own forecast is that it will be appropriate to raise rates

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F O: Shift in options band shows Nifty may extend upward move
By Chandan TapariaThe Nifty50 index opened in the positive on Thursday, slipped marginally towards the 11,550 level in the morning session but closed at a fresh lifetime high of 11,620.

Supports are shifting higher gradually. The index formed a bearish candle on the daily scale, but it has been forming higher highs and higher lows from last

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Information is key to success in value investing: Stephen Penman
NEW DELHI: Information is key to winning in value investing, says Stephen Penman, an authority in value investing.

The professor of security analysis at Columbia University says getting enough information to understand a business and how that is going to translate into a financial statement is key.

Information reduces uncertainty and risk in

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Britannia Industries to split stock in 1:2 ratio
The board of confectionary major Britannia Industries today approved share split in 1:2 ratio to make the stock more affordable for the small retail investors and increase liquidity.

The Kolkata-based company will split the shares with a face value of Rs 2 into two equity shares of Re 1 each.

The company said in a regulatory filing that the

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Sensex makes fresh high at 38,337, Nifty ends flat
The domestic equity market continued to consolidate on Thursday, but still managed to end at fresh all-time high for a third straight session amid mixed global cues.

International stocks remained unperturbed by the fresh round of tariffs slapped on each other by the US and China.

However, the gains were capped on weakness in the rupee. The

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Stock market update: Auto stocks mixed; Maruti up, but Tata Motors cracks 4%
NEW DELHI: Auto stocks were trading mixed in afternoon trade on Thursday.

Shares of Tata Motors (down 3.72 per cent), Motherson Sumi Systems (down 3.18 per cent), Apollo Tyres (down 1.67 per cent) and Bajaj Auto (down 1.52 per cent) were suffering losses.

Balkrishna Industries (down 1.31 per cent), Hero MotoCorp (down 0.76 per cent), Bharat Forge (

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By Lu Wang and Sarah PonczekHow seriously should people take Donald Trump’s claim that stocks would crash if he were kicked out of office As you mull over an answer, consider what someone in the other party would say.

Maybe there’s a less subjective way to judge -- with earnings estimates, perhaps, which have changed a lot during his p

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Donald Trump says markets will crash if he is impeached
Washington: US President Donald Trump warned Thursday the US economy would collapse if he were impeached, as legal chaos roiling the White House has experts saying his presidency is under threat.

Days after Trump's former fixer Michael Cohen told a federal judge he made illegal campaign contributions at the president's request -- to silence women

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European shares nudge higher, trade tariffs dent autos
LONDON: Europeanshares edged up on Thursday after the latest round of US-China tariffs kicked in, hurting trade-sensitive autos stocks but boosting demand for sectors seen as more insulated from an escalating trade dispute.

The STOXX 600 was up 0.2 per cent, buoyed by tech, healthcare, and consumer staples stocks - "defensives" which

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S P edges up as tech stocks gain; Jackson Hole in focus
The benchmark S-P 500 edged higher on Thursday as technology stocks rose, though gains were restricted by declines in commodity-related stocks and trade-sensitive sectors after new tariffs took effect in the U.S.-China trade war.

In their latest back-and-forth, the United States and China imposed fresh tariffs on $16 billion worth of each

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Varroc Engineering shares hit all-time high
NEW DELHI: Shares of recently-listed automotive component manufacturer Varroc Engineering on Thursday jumped over 8 per cent to hit an all-time high of Rs 1,096 apiece on BSE.

Recently, the company announced that it's a wholly-owned subsidiary of Aries Mentor Holding BV, The Netherlands (Wholly-Owned Subsidiary of Varroc Engineering) has acquired

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Share market update: Metal mining stocks crack; Nalco, Hindalco plunge 3%
NEW DELHI: Most metal and mining stocks were under strong pressure in afternoon trade on Thursday.

The BSE Metal index was trading 1.79 per cent down at 12,922 around 02:15 pm.

National Aluminium Company (Nalco)(down 3.45 per cent), Hindalco Industries (down 2.85 per cent) and Jindal Steel - Power (down 2.82 per cent) were the top losers in

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Kolkata: As part of its outreach initiatives to sensitize businesses, especially SMEs, about the impact of commodity price risks and the need for appropriate risk management, Multi Commodity Exchange of India Limited (MCX) has decided to partner with the Western India Regional Council (WIRC) of the Institute of Chartered Accountants of India
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Ayushman Bharat scheme credit positive for insurers: Moody's
Ayushman Bharat scheme credit positive for insurers: Moody's Mumbai, Aug 23 () The government's flagship health insurance scheme, Ayushman Bharat, is credit positive for insurance companies as it will aide in higher premium growth, a report said.

Prime Minister Narendra Modi, in his August 15 speech, has said that the Ayushman Bharat-National

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S P 500 bull market now arguably the oldest ever
The S-P 500's bull market turned 3,453 days old on Wednesday, making it the longest such streak in history, according to some investors' definition.

The benchmark stock index was off 0.13 per cent in midmorning trading, and the market took the milestone in stride a day after the S-P 500 set an all-time intraday high that slightly exceeded

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