StockMarket

China stocks fall for fourth session; news of trade talks caps decline
SHANGHAI: China stocks hit a near two-and-half-year low in early trading on Thursday as the yuan's recent fall dampened investor confidence, but news of Sino-US trade talks later this month helped recoup some of the losses.

China said a delegation would attend the next round of trade talks with US counterparts in Washington later this month, in

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Sebi plans to stipulate framework for timely disclosure of loan default
New Delhi: Markets regulator Sebi is looking to stipulate a framework for timely and detailed disclosures of loan defaults by listed entities to enhance transparency.

Several companies and rating agencies have come under the regulatory scanner for failing to make timely disclosure about the loan default risks.

Tightening of the disclosure norms is

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ET Intelligence Group: If Sun Pharma’s March quarter performance provided hopes of a possible revival to the Street, the June quarter earnings further cemented it. It is difficult not to be optimistic about Sun Pharma’s prospects, given the recent events. Besides an encouraging quarterly run, the clearance for the Halol facility by USFDA after a
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Saksoft stock rallies 19%, hits 52-week high
NEW DELHI: Shares of IT service management company Saksoft rallied 19 per cent in Thursday's trade to hit a 52-week high of Rs 303.75 on the BSE.

The company's profit jumped 85.60 per cent to Rs 6.96 crore for June quarter against Rs 3.75 crore in the corresponding quarter last year, according to its press release submitted to BSE.

Operating

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Equity MFs log Rs 10,585 crore inflows in July
New Delhi, Aug 15 (PTI) Investors pumped a staggering Rs 10,585 crore in equity mutual funds in July, mainly driven by strong corporate earnings and near normal monsoon.

With this, total inflow has reached to over Rs 43,300 crore in equities during the current financial year (April-July), according to the data from the Association of Mutual Funds

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Trade war still the biggest tail risk: BofAML survey
Mumbai: Fund managers are increasing cash levels amid continued concern over trade war, according to the findings of a Bank of America Merrill Lynch’s fund manager survey. Cash level jumped to 5% from 4.7% in the previous month, which is higher than average level of 4.5% in the past 10 years.

The survey was conducted between August 3 and 9 and 243

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Australian shares end flat as gains for Telstra, QBE offset miners' losses
Australian shares closed unchanged on Thursday, as a sell-off in materials was offset by gains in Telstra Corporation Ltd and QBE Insurance Group Ltd .

The S-P/ASX 200 index inched 0.01 per cent lower to 6328.30 at the close of trade. The benchmark rose 0.5 per cent on Wednesday.

Chinese iron ore futures slumped more than 4 per cent to a

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GMR Infrastructure Q1 loss widens to Rs 235 crore
GMR Infrastructure Ltd today reported widening of net loss at Rs 235.14 crore in the first quarter ended June 30, 2018.

The company had posted a net loss of Rs 136.6 crore in the same quarter last fiscal, GMR Infrastructure said in a BSE filing.

The company also said its board in a meeting held yesterday has approved raising a total fund of up to

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ET Intelligence Group: Is Turkey in apparent danger of falling off the cliff and will the Emerging Market stocks from Mumbai to Mexico City join Istanbul in the fatal ride

The probability, it seems, is not too high. Global investors believe that Turkey’s problems — both political and economic — are unique and localised, and shouldn’t spread too f

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Lira crisis hits this Indian firm real hard; analysts see an opportunity
NEW DELHI: This stock got punished badly over the past six sessions in a row, only to see a mild rebound on Thursday after the company held a conference call to list out steps that its Turkish subsidiary is taking to offset losses due the economic crisis in that country.

For Redington India, its Turkish subsidiary Arena brings in 7.5 per cent of

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BSE to launch liquidity enhancement plan on single stock options, index options from Sep
Leading stock exchange BSE will launch liquidity enhancement scheme on monthly single stock options and index options from next month.

Under the liquidity enhancement scheme (LES), brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities which

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GST benefits prompt firms to absorb unlisted units
Mumbai: Companies are increasingly absorbing their unlisted units to simplify their holding structure and benefit from the Goods and Services Tax (GST). In the past few weeks, several listed entities, such as Hindustan Unilever, Lux Industries, Orient Refractories, and Hindustan Foods, have brought some of their unlisted businesses under their
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Stock market update: HDIL skips realty pain, zooms 13% on Q1
NEW DELHI: The Nifty Realty index was trading 0.85 per cent down at 273 around 12:50 pm on Thursday on losses in Sobha (down 4.43 per cent), Indiabulls Real Estate (down 3.47 per cent) and Godrej Properties (down 1.66 per cent).

Shares of Phoenix Mills (down 1.47 per cent), Oberoi Realty (down 0.87 per cent) and Prestige Estates Projects (down

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Blackstone may pick stake in Jet Airways' loyalty arm
By George Smith Alexander and P R Sanjai

Blackstone Group LP is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said.

The private equity firm has expressed interest in a deal that could value Jet Privilege at about Rs

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Markets to remain shut today on account of Independence Day
NEW DELHI Domestic equity, forex as well as commodity markets will remain closed on Wednesday on account of Independence Day.

The key equity indices BSE Sensex and NSE Nifty on Tuesday rebounded on buying in financial, information technology and healthcare stocks as market participants cheered moderate July inflation numbers and some recovery in

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Nikkei ends lower on hopes of new US-China trade talks
TOKYO: Japan's Nikkei ended lower on Thursday after paring early losses following news of fresh talks between China and the United States, which raised hopes of a potential thaw in their trade war and weakened the yen.

The Nikkei share average ended 0.1 per cent lower at 22,192.04. The Nikkei was deeply in negative territory in morning trade, but

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July sees 11 PE exits worth $376 million: EY
New Delhi: Indian PE funds have returned significant amount of capital to their investors and July 2018 recorded 11 exits totalling $376 million, says an EY report.

According to the report, there were eight exits worth $352 million in July last year.

Through exit route, private equity investors realise the return on their investment after a

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MakeMyTrip posts strong Q1 2019 results
NEW DELHI: MakeMyTrip Inc, India’s largest online travel operator, reported a narrower first quarter loss as it cut back on promotional expenses, along with a corresponding rise across its three major business segments.

For the quarter to June, the Nasdaq-listed company reported a net loss of $51.2 million, or 50 cents a diluted share, down from

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InfibeamQ1 revenue up by 27%, led by higher transaction volume
Infibeam Avenues Ltd, India’s first listed ecommerce entity reported jump in its first quarter revenue by 27% attributing to higher transaction volume. Leading to investment made in major domestic and international acquisitions, the company thus registered standalone loss of Rs 13.88 crore.

As per the company, in the first quarter (Q1) FY 2018-19,

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Asian stocks hit 1-year low amid Turkey woes, bearish China equities
TOKYO: Asian stocks retreated to a one-year low on Wednesday as bearish Chinese markets worsened investor sentiment already hurt by Turkey's financial crisis.

Spreadbetters expected European stocks to open slightly higher, with Britain's FTSE seen rising 0.2 percent, Germany's DAX adding 0.1 percent and France's CAC gaining 0.15 percent.

MSCI's

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With inflation easing, experts see RBI pausing till March
The fall in the July retail inflation print is likely to provide some space to the Reserve Bank, which may maintain status quo during the rest of the financial year, say experts.

Retail inflation eased to a nine-month low of 4.17 per cent in July from a peak of 5 per cent in June.

"The lower-than-expected CPI should provide the space to monetary

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Share market update: Pharma pack up; Dr. Reddy's Labs, Sun Pharma climb 2%
NEW DELHI: Decent gains in shares of Dr. Reddy's Laboratories (up 2.20 per cent) and Sun Pharmaceutical Industries (up 2.03 per cent) were keeping the pharma index in the green in afternoon trade on Thursday.

Sun Pharmaceutical advanced on Thursday as the pharma major got a go-ahead from the US Food and Drug Administration (USFDA) for its

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Warren Buffett's Berkshire boosts Goldman, Teva stakes; buys more Apple
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.

The changes were disclosed on Tuesday in a regulatory filing detailing Berkshire's U.S.-listed stock

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Bloomberg|

Aug 14, 2018, 08.52 PM IST

Dollar-Lira-ReutersWhile some investors say bargains are emerging, others are selling stocks and bonds.
By Paul Wallace, Netty Ismail and Yumi TesoAs emerging markets take a battering from Turkey’s turmoil, with stocks and currencies near their lowest in more than a year, investors are positioning themselves to ride out the pain.

Tr

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Mentha oil keeps a positive tilt
NEW DELHI: Mentha oil futures were little changed on Thursday morning, but showed a positive tilt.

MCX Mentha futures gained by Rs 6.90, or 0.42 per cent, at Rs 1,659.50 at around 11.16 am.

"Mentha oil futures (August) are likely to take support near Rs 1,628-1,615 levels and trade with an upside bias due to lower supply and lesser leftover

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Mumbai: Banks, led by State Bank of India, are close to finalising resolution plans for at least half a dozen stressed power companies involving total loans of ₹50,000 crore, which could result in banks taking more than 50% haircut, bank officials said.

Haircut is the amount that lenders will have to forgo to settle a loan. The race for a quick

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Allahabad Bank reports Rs 1,944 crore loss for Q1
Kolkata: State-run Allahabad Bank reported Rs 1944 crore net loss for the first quarter against Rs 29 crore net profit for the year ago period, owing to doubling of provisions to cover sticky loans and mark-to-market investment losses. A steep fall in other income also added to the woes.

The bank said the loss was due to higher provisions on

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Contrary to what was expected, the market on Tuesday witnessed a better-than-expected session, as the NSE benchmark Nifty saw a sharp rebound and recovered all of its previous day’s losses.

In a relatively stable session, the NIFTY ended the day gaining 79.35 points or 0.70 per cent. However, it remained in a broad range that it has defined for

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High debt, cash burn could spur telcos to hike tariffs: HDFC Securities
Mumbai: Reliance Industries’ telecom venture Jio’s performance has been praiseworthy in the financial year ended March 2018 and so is the cash burn, said HDFC Securities.

The brokerage said that Jio, which has spent Rs 2.4 trillion cumulatively up to financial year 2017-18 in becoming a digital behemoth, is likely to spend an additional Rs 400 to

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Wall Street rises on earnings optimism, lira rebound
U.S. stock indexes rose on Tuesday as upbeat quarterly reports from a clutch of companies boosted earnings optimism and bank stocks rebounded after Turkey's currency snapped its three-week slide.

Turkey's lira recovered after the country's central bank moved to ease pressure on the currency, triggering a surge of as much as 7 percent to 6.4 per

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