StockMarket

Stock market update: Tech Mahindra, HCL Tech, TCS keep Nifty IT index in the green
NEW DELHI: Shares of Tech Mahindra (up 1.83 per cent), Infibeam Avenues (up 1.06 per cent), HCL Technologies (up 0.93 per cent) and Tata Consultancy Services (TCS) (up 0.19 per cent) were trading with gains in afternoon trade on Friday.

The Nifty IT index was trading 0.35 per cent up at 15,098 around 12:40 pm.

However, Mindtree (down 2.08 per

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If rupee slump persists, it can hurt PM Modi
By Manoj Kumar, Suvashree Choudhury and Neha Dasgupta NEW DELHI/MUMBAI: The rupee's plunge to a record low has worried a wide cross-section of India's society: companies, importers, those going on vacation and students planning to study overseas. But if the weakness persists, Prime Minister Narendra Modi's job could become a lot harder just
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Buy DLF, target Rs 254: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on DLF with a target price of Rs 254.

The current market price of DLF is Rs 206.85.

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

View of the brokerage firm on the company:DLF’s Q1FY19 new sales stood at Rs 6bn, while the company came close to breaking even o

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Race intensifies for Madura Microfin
KOLKATA: Bids to buy Chennai based micro lender Madura Microfinance is intensifying with a US private equity fund matching first suitor Federal Bank’s offer, and the close race underlined the potential of the industry, two people close to the development said. They said Federal Bank was ready to pay Rupee720-750 crore to fully acquire the MFI with
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MCX, IBJA in tie-up to set up bullion spot exchange
Kolkata: Multi Commodity Exchange of India Ltd (MCX) signed an MoU with India Bullion and Jewellers Association Ltd (IBJA), the apex industry body for all bullion and jewellery associations in India on various cooperation activities for the growth and development of bullion industry, including a joint viability of setting up a ‘Bullion Spot E
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Tech view: Nifty forms bearish candle, shows downward bias
NEW DELHI: The Nifty50 index on Thursday briefly entered the positive terrain and was a tad away from the 11,450 level in intraday trade, but it slipped from there.

The index then came off sharply to settle near the day’s low in a session mostly dominated by the bears. The index ended up forming a small bearish candle on the daily chart and

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Top intraday trading ideas for afternoon trade for Friday, 17 August 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in positive terrain around 12 pm on Friday on gains led by bank, metal, pharma and FMCG stocks.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today’s afternoon trade:

Manas Jaiswal of manasjaiswal.comTata Steel is a 'Buy' call with

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Dollar Industries Q1 profit up 10%
KOLKATA: Dollar Industries reported a 10.31 % jump in its standalone net profit to Rs 13.80 crore for the first-quarter (Q1) ended June 30, 2018, as against Rs 12.51 crore profit registered in the corresponding period previous fiscal.

While revenue from operations stood at Rs 243.65 crore in the quarter under review compared to Rs 235.07 crore in

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Stock market update: Over 60 stocks hit 52-week lows on NSE on Thursday
NEW DELHI: As many as 63 stocks, including Balaji Telefilms, DPSC, Tata Motors, Vardhman Textiles and Videocon Industries, hit 52-week lows on NSE on Thursday.

SREI Infrastructure Finance, RPG Life Sciences, Premier Explosives, Orient Bell, Mahindra Holidays - Resorts India, Matrimony.Com, Jaypee Infratech, Intrasoft Technologies, Indian

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Big Retail is taking on lustre. Future Retail to dilute 10% for Rs 3,000 crore
By Karunya RaoThe Kishore Biyani-led Future Retail is looking to raise around Rs 2,800-3,000 crore by divesting stake of up to 10 per cent.

While Paytm and Google are in race to build their retail exposure, Amazon and Walmart have also set their sights on the Future Retail pie.

The deal, which may be finalised in the next 8-12 weeks, could be

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Ind-Ra revises FY19 growth outlook to 7.2% from 7.4%
New Delhi: India Ratings and Research has revised downwards its forecast for the growth of the Indian economy in 2018-19 to 7.2% from the 7.4% projected earlier.

The key reason for this, Ind-Ra said, is the upward revision in the estimation of inflation for 2018-19 due to increasing crude oil prices and the government's decision to fix the minimum

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Sensex back in the red, Nifty settles below 11,400
NEW DELHI: A day after making a comeback, Indian equity indices resumed their downward trend on Thursday on unabated fall in the Indian rupee and negative Asian cues. Gains in IT, pharma and auto stocks were outpaced by losses in banks.

Domestic equity benchmarks followed a weak trend in global markets as a political crisis in Turkey and US-China

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Turkey default risk real, may hit emerging markets hard: Russell Napier
NEW DELHI: Turkey could be at a risk of a major default, as it is sitting on very high foreign currency debt, said Russell Napier, Independent Investment Strategist - Co-Founder of ERIC.

In an interview with Tanvir Gill of ETNow, Napier said India’s macros are better than other emerging markets and Prime Minister Narendra Modi is in a strong

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Global vulnerabilities to impart uncertainty to the inflation outlook: MPC
Kolkata: Kolkata: Government's higher support prices for farm products drove five of the six members of the Monetary Policy Committee to vote for an increase in interest rate for the second time in a row, but Governor Urjit Patel and his deputies were for maintaining the neutral stance, which would provide room to twist policy in either direction.

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Investment in P-notes continues to decline; hits new low of Rs 80,341 crore
New Delhi, Aug 16 () Investments through participatory notes into Indian capital markets plunged to over nine-year low of Rs 80,341 crore till July-end amid stringent norms put in place by the watchdog Sebi to check misuse of these instruments. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be
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Jet Airways says board to meet later this month for quarterly results

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India's GDP growth can leap to 8.5-9% if investment, exports pick up pace: Ind-Ra
Indian economy needs to fire on all cylinders if it wants to achieve a decent GDP growth rate in coming years, a top India Ratings official said.

“If India needs to achieve a growth rate of 8.5-9 per cent, then all the factors should grow simultaneously. Around 60 per cent of GDP comes from private final consumption expenditure,” said Sunil Kumar

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By Susanne BartonCopper plunged into a bear market as concerns mount that Turkey’s financial crisis and the US-China trade spat will stymie global economic growth.

The red metal for delivery in three months fell 4 percent to settle at $5,801 a metric ton at 5:52 p.m. Wednesday on the London Metal Exchange. That’s a more-than 20 percent drop from i

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Crystal Crop Protection to buy brands of US company
MUMBAI: Crystal Crop Protection, backed by PE firm Everstone Capital, is close to acquiring some key brands of Philadelphia-based chemicals maker FMC Corporation ahead of its 1,000-crore initial public offer (IPO), marking the company’s third such purchase in 2018.

The portfolio of NYSE-listed FMC Corp. brands that are sought to be acquired

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Buy Sun TV Network, target Rs 1,208: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on Sun TV Network with a target price of Rs 1,208.

The current market price of Sun TV Network is Rs 786.25.

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

View of the brokerage on the company: Sun TV Network’s (Sun TV) Q1FY19 revenue and EBITDA s

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Stock market update: IGL, IOC drag oil gas index down
NEW DELHI: Shares of Indraprastha Gas (IGL) (down 2.62 per cent), Oil India (down 1.52 per cent), Indian Oil Corporation (IOC) (down 1.31 per cent) and Petronet LNG (down 1.28 per cent) were incurring losses in afternoon trade on Thursday.

The BSE Oil - Gas index was trading 0.32 per cent down at 14,813 around 02:30 pm.

HPCL (down 1.20 per

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Stock market update: Over 30 stocks hit 52-week lows in a bullish market
NEW DELHI: Even as domestic equity market was in the higher terrain, over 30 stocks, including Amtek Auto, Byke Hospitality, Centum Electronics and Symphony, hit 52-week lows on NSE in Friday's session.

Videocon Industries, Vardhman Textiles, Zodiac Clothing Company, Intrasoft Technologies, Jocil, Jaypee Infratech,Jaypee Infratech and Premier

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Buy Apollo Hospitals Enterprise, target Rs 1,700: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on Apollo Hospitals Enterprise with a target price of Rs 1,700.

The current market price of Apollo Hospitals Enterprise is Rs 1,140.30.

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

View of the brokerage on the company: Apollo

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GAIL hits over 21-year high; more upside seen
NEW DELHI: State-run gas utility firm GAIL (India) shares rose as much as 5.16 per cent to Rs 399.40, their highest since March 20, 1997.

The stock broke above a resistance at Rs 392.2, the 38.2 per cent Fibonacci projection level of the uptrend from August 25, 2015 low to December 28, 2017 high (wave 1), said a Reuters report.

The oil and gas

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Share market update: FMCG stocks rise up to 3%; Emami, ITC shine
NEW DELHI: Most FMCG stocks were trading in the green in Friday's session.

The Nifty FMCG index was trading 0.95 per cent up at 32,031 around 11 am, with Emami (up 3.19 per cent) as the top gainer.

Procter - Gamble Hygiene - Healthcare (up 2 per cent), ITC (up 1.51 per cent) and Tata Global Beverages (up 1.25 per cent) also featured among

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Buy Cummins India, target Rs 830: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on Cummins India with a target price of Rs 830.

The current market price of Cummins India is Rs 670.50.

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

View of the brokerage firm on the company: Despite lower-than-expected turnover, Q1FY19

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Share market update: BSE Smallcap better off than Sensex; HDIL, Zensar Tech zoom up
NEW DELHI: The BSE Smallcap index was trading with a nominal gain of 0.08 per cent at 16,756 around 02:20 pm on Thursday, still better off than the equity benchmark Sensex.

The BSE Sensex was 0.26 per cent down at 37,753, while NSE Nifty50 was 0.28 per cent down at 11,403 around that time.

Shares of WPIL (up 20 per cent), Patel Engineering (up

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Sebi cuts listing time for public issue of debt securities
New Delhi: Markets regulator Sebi today drastically cut the timeline for listing of debt securities to six days from 12 days at present, in order to make the existing process of issuance of such securities simpler and cost effective.

Besides, the Securities and Exchange Board of India (Sebi) has made ASBA (Application Supported by Blocked Amount)

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After Market: Buzzing stocks, open interest gainers and midcap winners
NEW DELHI: After a day’s breather, domestic equities once again came under heavy selling pressure on Thursday, which dragged the benchmark indices to the negative territory.

The S-P BSE Sensex shed 188 points to settle at 37,664 while the broader Nifty50 index of the National Stock Exchange (NSE) lost 50.05 points, or 0.44 per cent, to end

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Stock market update: Midcaps fall in sync with Sensex; Rajesh Exports, SAIL among top losers
NEW DELHI: In line with the benchmark Sensex, the BSE Midcap index was trading in the negative territory in afternoon trade on Thursday.

Around 2:15 pm, the midcap index was 0.22 per cent down at 16,206, while the Sensex was 0.26 per cent down at 37,752. The NSE Nifty50 was 0.29 per cent down at 11,401 around the same time.

Shares of Vakrangee (up

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