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Sell InterGlobe Aviation, target Rs 850: Citi
Citi has a sell call on InterGlobe Aviation with a target price of Rs 850.

The current market price of InterGlobe Aviation is Rs 1,072.90.

Time period given by the brokerage is one year when InterGlobe Aviation price can reach the defined target.

View of the brokerage on the company:July domestic passenger growth helped by a weak base — Domestic

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NEW YORK: You’ve probably heard: it’s the longest bull market ever. You’ve probably also heard: no it isn’t. What’s the story

According to a loose consensus, bull markets are rallies that go beyond 20% and are never interrupted by a 20% fall. In many corners of Wall Street, that means the S-P 500 rally that began in March 2009 is about to

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MCA seeks clarifications from Jet Airways' auditors on results announcement
New Delhi: The Ministry of Corporate Affairs is seeking clarifications from the auditors of Jet Airways on the airline deferring announcement of its June quarter results, sources said.

The board of crisis-hit Jet Airways -- which is working on ways to reduce costs amid financial woes -- on August 9 deferred the matter of consideration of the

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Sell Infosys, target Rs 1,040: Emkay Global Financial Services
Emkay Global Financial Services has a sell call on Infosys with a target price of Rs 1,040.

The current market price of Infosys is Rs 1,384.30.

Time period given by the brokerage is one year when Infosys price can reach the defined target.

View of the brokerage on the company:No respite from KMP exodus; Profitability drop may continue: Infosys has

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BG Asia Pacific Holding may Offload 14% in Mahanagar Gas
MUMBAI: BG Asia Pacific Holding, the promoter of Mumbaibased city gas distribution Mahanagar Gas, is looking to sell up to 14% stake for $169 million in the company through a block deal on Thursday, the term sheet seen by ET showed. The floor price for the sale has been set at ₹851 per share, a 5.7% discount to Tuesday’s closing price.

Mahanagar

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DBS raises India's GDP estimate to 7.4% for FY19
Global financial services firm DBS has raised the real GDP forecast for the current financial year to 7.4 per cent as against 6.7 per cent in last fiscal, driven by consumption and higher public spending, says a report.

"The economy has recovered since the transitory shocks of demonetisation and GST rollout," DBS said in a research note adding

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Nikkei closes higher supported by tech shares; telecom shares volatile
TOKYO: Japan's Nikkei closed higher on Wednesday supported by tech shares, which tracked gains in their US peers, although telcos were volatile on news the government wanted to cut their mobile phone fees and stop handset bundling.

The Nikkei share average gained 0.64 per cent to end the day at 22,362.55 after briefly dipping into negative

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Stock and commodity exchanges, forex market shut on account of Bakri Id
NEW DELHI: Stocks exchanges, forex and money markets are closed on Wednesday on account of Bakri Id or Eid al-Adha. Globally, stock markets across Singapore and Malaysia are shut to observe Hari Raya Haji. Commodity markets, meanwhile, are shut partially, as they will resume trading in the evening session (from 5pm - 11:30 /11:55 pm).

Domestic

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PC Jeweller cuts debt by 10% to Rs 4,064 crore in Q1
New Delhi: PC Jeweller has cut its net debt by about 10 per cent during the first quarter of the current fiscal to Rs 4,064 crore and targets to bring it down to less than Rs 3,000 crore by September.

In an analyst presentation, the company said it has "voluntarily repaid bank debt of Rs 426 crores in Q1 FY19".

After the repayment, the company's

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S P 500 touches all-time high as earnings drive stock gains
US stocks moved higher Tuesday afternoon as investors welcomed solid results from homebuilders, retailers and other companies. Technology stocks and banks also rose. The rally briefly placed the S-P 500 on track for an all-time high. The benchmark index of large US companies was hovering just below its last closing high set seven months ago. KE
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“The essence of this-time-is-different syndrome is simple. It is rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learnt from our past mistakes. The rules of valuation no l
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Tech View: Nifty forms Hanging Man pattern, rally maybe ending
NEW DELHI: The Nifty50 consolidated above the 11,550 level to make a fresh all-time closing high on Tuesday. The index ended up a tad below its opening level, forming what resembled a Hanging Man pattern on the daily chart.

This pattern suggests the recent strong momentum in the Nifty50 might be getting over after gaining for three sessions.

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Buy Kirloskar Pneumatic Company, target Rs 1,175: Antique Stock Broking
Antique Stock Broking has a buy call on Kirloskar Pneumatic Company with a target price of Rs 1,175.

The current market price of Kirloskar Pneumatic Company is Rs 880.

Time period given by the brokerage is one year when Kirloskar Pneumatic Company price can reach the defined target.

View of the brokerage on the company:Kirloskar Pneumatic Company

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Keralites may sell gold to rebuild homes: Experts
MUMBAI: Calamity-stricken residents of Kerala could end up pledging,or selling,their gold ornaments to re-build their homes or meet exigencies arising from the worst floods in a hundred years. Muthoot Finance and Manappuram Finance, whose core business is lending against gold, and local jewellers from the state could see a rush of customers in the
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NEW DELHI: The domestic equity market ended Tuesday’s session marginally higher, as gains in RIL, Axis Bank and Sun Pharma were mostly offset by losses in HUL, Tata Steel, HDFC and M-M.

Benchmarks Sensex and Nifty cooled off after hitting fresh record highs of 38,402 and 11,581 in early trade, buoyed by positive sentiment in global markets.

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Buy Ashoka Buildcon, target Rs 180: ICICI Direct
ICICI Direct has a buy call on Ashoka Buildcon with a target price of Rs 180.

The current market price of Ashoka Buildcon is Rs 141.65.

Time period given by the brokerage is one year when Ashoka Buildcon price can reach the defined target.

The view of the brokerage on the company:

HAM projects to add to revenues from Q3FY19E: ABL’s orderbook (OB) w

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MUMBAI: The Centre’s capital investments in banks controlled by it will be sufficient only to meet regulatory needs and, hence, restrict their loan growth to about 4-5per cent. But the need for capital will not grow much after FY19 as profitability will rise in line with lower credit costs because of the ongoing cleanup in balance sheets, Moody’s s
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Sensex, Nifty end flat; Jet, SpiceJet drop 3% each, HDIL tanks 5%
NEW DELHI: The domestic equity indices consolidated around all-time high levels to end on a flat note, as investors chose to stay light ahead of the crucial Sino-US trade talks scheduled for later in the week.

Trading was also thin ahead of the Indian public holiday on Wednesday. The stock market will be shut on Wednesday on account of Eid

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Buy Siyaram Silk Mills, target Rs 650: ICICI Direct
ICICI Direct has a buy call on Siyaram Silk Mills with a target price of Rs 650.

The current market price of Siyaram Silk Mills is Rs 525.55.

Time period given by the brokerage is one year when Siyaram Silk Mills price can reach the defined target.

The view of the brokerage on the company: New brand launches to enhance revenue growth for garments:

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Investors who are betting against US Treasurys could be setting themselves up for massive losses ahead, according to Jeff Gundlach.

The DoubleLine Funds founder and fixed-income maven sent a warning via Twitter on Friday after data from the Commodity Futures Trading Commission showed hedge funds had piled on record bets against 10- and 30-year

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F O: Options show Nifty trading band shifts to 11,500-11,650 range
By Chandan Taparia The Nifty50 index opened in the positive on Tuesday and hit a fresh lifetime high of 11,581. It remained in consolidation mode for most part of the session and every decline got bought into as supports shifted higher gradually.

The index formed a Doji candle on the daily scale after forming higher highs and higher lows for

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Buy Brigade Enterprises, target Rs 299: HDFC Securities
HDFC Securities has a buy call on Brigade Enterprises with a target price of Rs 299.

The current market price of Brigade Enterprises is Rs 195.20.

Time period given by the brokerage is one year when Brigade Enterprises price can reach the defined target.

The view of the brokerage on the company:Adoption of Ind AS 115 had a negative impact on

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HDFC AMC April-June net profit rises 25% to ₹205.2 cr
Mumbai: HDFC AMC, which listed its shares earlier this month, saw its profit after tax (PAT) rise 25% to ₹205.2 crore for the quarter ended June 2018, as compared to ₹164.6 crore in the same time in previous year. Total revenue for the quarter stood at ₹501.1 crore compared to ₹417 crore in June 2017, a rise of 20%.

Operating profit margin, which

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Top global brokerages are bullish on these 10 stocks after Q1 results
NEW DELHI: The June quarter earnings season has come to an end.

The overall results of the 50 companies in the Nifty pack witnessed a gradual recovery largely on account of smaller base in the year ago quarter.

However, some took a hit to their profitability owning to currency volatility and pressure on operational performance given higher

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Buy Repco Home Finance, target Rs 689: HDFC Securities
HDFC Securities has a buy call on Repco Home Finance with a target price of Rs 689.

The current market price of Repco Home Finance is Rs 587.90.

Time period given by the brokerage is one year when Repco Home Finance price can reach the defined target.

The view of the brokerage on the company: Post a recovery in the previous quarter, REPCO posted

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Asian shares flat as drop in S P 500 futures weighs
SHANGHAI: Asian stocks were flat in early trade on Wednesday after Wall Street ended higher, with the S-P 500 index touching a record high on Tuesday, and as lower-level trade talks between the US and China due this week boost hopes of easing trade tensions.

But concerns over the broader impact of the legal problems of two close associates of

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CLSA sees adverse impact of Kerala floods on select companies
MUMBAI: CLSA said select companies could see adverse impact in the September quarter results due to impact of the Kerala floods.

The firm said it does not see meaningful adverse impact on broader corporate results for the September quarter.

"Some companies that would be impacted include general insurance companies, select cement companies (like

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Buy ITD Cementation India, target Rs 211: HDFC Securities
HDFC Securities has a buy call on ITD Cementation India with a target price of Rs 211.

The current market price of ITD Cementation India is Rs 132.85.

Time period given by the brokerage is one year when ITD Cementation India price can reach the defined target.

The view of the brokerage on the company:ITD Cementation’s (ITD) APAT came in 22.9 per c

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Sebi extends deadline for FPIs to provide list of beneficial owners
New Delhi: In a relief to FPIs, markets regulator Sebi today extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.

The regulator, in April, had asked Category II and III foreign portfolio investors (FPIs) to provide list of their

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godrej consumer products share price: Sell Godrej Consumer Products, target Rs 1,220: Elara Capital - The TheIndianSubcontinent

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