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Tesla forms panel to look at any Elon Musk deal
Tesla Inc's board named a special committee of three directors on Tuesday which will evaluate Elon Musk's proposals to take the company private, although it said it was yet to see a firm offer from the company's chief executive.

Musk said on Monday he was in talks with a Saudi sovereign fund for taking the electric car maker private. He later

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F O: Options show Nifty may hold between 11,350 11,500
By Chandan TapariaThe Nifty50 index managed to respect its rising support trend line by connecting all the swing lows of 10,557, 10,630, 10,946 and 11,3 40 levels. It formed a bullish candle and filled the supply gap by closing near the 11,435 level.

Now, it has to hold above 11,400 to extend its move towards 11,500 and then 11,600 levels,

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NCC share price: Buy NCC, target Rs 165: Phillip Capital (India) - The TheIndianSubcontinent

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Sebi panel suggests confidentiality clause in settlement mechanism
New Delhi: A high-level Sebi panel has prosed a confidentiality clause in the settlement mechanism, wherein identity of the applicant will not be disclosed, in order to garner information of defaults as well as possible violations from defaulters in the securities.

Currently, the settlement regulation does not have a provision for settlement with

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Sensex snaps 2-day losing streak, gains 207 pts; Nifty ends at 11,435
NEW DELHI: Rising for the first time in three sessions, equity benchmarks Sensex and Nifty closed higher on Tuesday owing to gains led by bank, energy, metal and FMCG stocks.

Buying was observed in most sectors, as positive inflation numbers influenced market sentiment. A government data on Monday showed that retail inflation fell to a 9-month low

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Buy GAIL (India), target Rs 435: CLSA
CLSA has a buy call on GAIL (India) with a target price of Rs 435.

The current market price of GAIL (India) is Rs 378.25.

Time period given by the asset management firm is one year when GAIL (India) price can reach the defined target.

CLSA's view on the company:US LNG drives sharply higher gas trading profits and lower opex; BUY Gail’s 1QFY19 net

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Videocon Industries Q1 loss widens to Rs 2,874 crore
New Delhi: Videocon Industries' standalone net loss widened to Rs 2,874.21 crore for April-June 2018-19 as against a loss of Rs 885.82 crore in the year-ago period due to write off of certain loans and advances of Rs 1,413.35 crore.

Total income in the reported quarter stood at Rs 272.25 crore. It was Rs 1,642.11 crore in the year-ago quarter,

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SpiceJet posts Q1 loss of Rs 38 crore due to provisioning
After reporting profit for 13 consecutive quarters, Gurgaon-based SpiceJet reported a loss of Rs 38 crore during the first quarter of the current fiscal on account of provisioning due to an arbitration award.

Rising crude and falling rupee is making survival difficult for Indian carriers, who are reporting decline in numbers. Market leader IndiGo r

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Buy Dr. Lal Pathlabs, target Rs 1,320: CLSA
CLSA has a buy call on Dr. Lal Pathlabs with a target price of Rs 1,320.

The current market price of Dr. Lal Pathlabs is Rs 964.95.

Time period given by the asset management firm is one year when Dr. Lal Pathlabs price can reach the defined target.

CLSA's view on the company:For the third consecutive quarter, Dr Lal reported 25%+ sample volume

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Shareholders vote to pass Fortis-IHH deal
New Delhi: Shareholders of Fortis Healthcare have voted to approve its proposed $1 billion deal with Malaysian healthcare group IHH Bhd, the company told stock exchanges late on Tuesday. The approval clears the way for IHH to pick up controlling stake in the cash-strapped hospital chain by initially infusing around Rs4,000 crore for equity shares
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By Eric Lam and Yuji Nakamura

Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month’s selloff in cryptocurrencies showed few signs of letting up.

The largest digital currency fell as much as 6.2 percent to $5,887 as of 3:07 p.m. in Hong Kong, the lowest level since June, according to Bloomberg composite pricing.

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Stock market update: Nifty Realty top sectoral gainer; DLF jumps 5%
NEW DELHI: The realty index was trading as the top gainer among the sectoral indices on NSE in Tuesday's session.

The Nifty Realty index was trading 2.15 per cent up at 275 around 10:30 am.

DLF (up 5 per cent) was the top gainer in the realty pack.

Brigade Enterprises (up 1.82 per cent), Indiabulls Real Estate (up 1.77 per cent), Godrej Properties

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RBI dismisses Kotak Mahindra Bankplan to dilute promoter stake
Kotak Mahindra Bank on Tuesday said that the Reserve Bank of India (RBI) has termed its recent preference share allotment as not per regulations.

In a BSE filing, Kotak Mahindra Bank said, “RBI has today communicated to us that our PNCPS issuance does not meet their promoter holding dilution requirement. We continue to believe that we have met the

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Mobius warns of 'real possibility' of capital controls in Turkey
By Abhishek Vishnoi

There’s a “real possibility” Turkey will impose capital controls to stem the plunge in the lira, which would be bad for the whole developing-nation asset class, said veteran emerging-markets investor Mark Mobius.

“If Turkey is forced to close the foreign-exchange window so that foreign investors cannot get out, that will be a v

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NEW DELHI: As the Nifty50 index ended in the red on Monday, momentum indicator moving average convergence divergence, or MACD, signalled downward crossovers for 117 stocks on NSE.

MACD is known for identifying trend reversals.

Among the stocks that saw bearish crossovers were Punjab National Bank, IndianOil, India Cements, Bank of India, Andhra

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Tech view: Nifty forms bullish candle, but undercurrent is weak
Contrary to expectations, NSE’s Nifty50 index made a strong comeback on Tuesday and formed a robust bullish candle even as it erased all the losses of the previous session. The 50-share Nifty pack closed 79.35 points, or 0.70 per cent, higher for the day at 11,435.

The index opened the day at 11,381 and touched an intraday high and low of 11,452

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Abu Dhabi Investment Authority just raised its bets on a few Indian stocks
The Abu Dhabi Investment Authority, or ADIA, was busy shopping on Dalal Street in a choppy market all through the June quarter.

It made a couple of changes to its India portfolio, increasing stakes in largecaps such as Axis Bank, HDFC and UPL, even as it offloaded a number of midcaps as well as smallcaps.

Among the largecaps, ADIA raised its

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Shares of Page Industries rallied around 4 per cent on Tuesday morning on the announcement that the scrip will replace Vakrangee in the MSCI India Index.

The replacement will take effect as of the close of August 31.

MSCI-snip-1The news rattled Vakrangee as the stock plunged 10 per cent to Rs 45.05 at around 9.40 am. The BSE Sensex was up 175 points, or

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Share market update: Nifty Pharma top sectoral gainer, jumps over 3%
NEW DELHI: The pharma index finished Tuesday's session as the top gainer among the sectoral indices on NSE.

The index settled at 9,481, up by 3.21 per cent with nine stocks in the green and only one in the red.

Sun Pharmaceutical Industries (up 7.39 per cent) led the pack of gainers.

The drug major on Tuesday beat Street estimates to report a

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MCX to roll out rubber futures contracts from August 16
Multi Commodity Exchange of India Ltd (MCX) will commence trading in rubber futures contract effective August 16, 2018. This new agri contract is targeted towards offering an effective hedging solution to the rubber value chain participants—growers, traders, exporters, importers, and tyre manufacturing companies among others.

Contracts ending in

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Share market update: Pharma stocks lacklustre; Cadila falls over 3%
NEW DELHI: Most pharma stocks looked lacklustre in morning trade on Tuesday.

The Nifty Pharma index was trading 0.13 per cent down at 9,174 around 10:15 am.

Cadila Healthcare (down 3.22 per cent), Glenmark Pharmaceuticals (down 1.60 per cent), Aurobindo Pharma (down 0.77 per cent) and Piramal Enterprises (down 0.50 per cent) were the losers in the

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NEW DELHI: Snapping a two-day fall, the domestic equity market ended with decent gains on Tuesday. The S-P BSE Sensex added 207 points, or 0.55 per cent, to end at 37,852.

The broader Nifty50 index of the National Stock Exchange (NSE) went home 79.35 points, or 0.70 per cent, higher at 11,435.

“The market reversed Monday’s loss led by bro

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Top intraday trading ideas for afternoon trade for Tuesday, 14 August 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in positive terrain around 11:30 am on Tuesday on gains led by bank, FMCG and IT 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.comDHFL is a 'Buy' call with a target price

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‘Castrol story a lesson for investors chasing price&
Mumbai: The de-rating story of Castrol India could prove to be a valuable lesson for investors to understand the possibility of expensive stocks in branded and semibranded categories facing a similar situation, said Kotak Institutional Equities.

The institutional brokerage broke down the reasons for the stock’s derating to 20-25 times forward p

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Stock market update: Market ends higher; these stocks surge up to 10%
NEW DELHI: Shares of HDIL (up 10.94 per cent), Windsor Machine (up 10.26 per cent), NCL Industries (up 9.32 per cent), PPAP Automotive (up 9.20 per cent) and Balkrishna Industries (up 9.15 per cent) surged up to 10 per cent on NSE on Tuesday, mirroring the bullish sentiment of domestic equity market.

Stocks such as Thirumalai Chemicals (up 7.71

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NDA track record: Modi gives a pat on his own back
Call it the biggest confidence vote for the NDA government, and it is coming from none other than PM Modi himself. In a freewheeling interview to The Times of India, Modi said he is fully confident of making a comeback with more seats than in 2014.

Talking at length about his government’s priorities ahead of the 2019 polls, Modi says policies w

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Stock market update: These stocks defy positive market mood, plunge over 7%
NEW DELHI: Even as equity market was in the positive territory, shares of Vakrangee (down 11.95 per cent), TBZ (down 8.11 per cent) and Chennai Petroleum Corporation (down 7.30 per cent) plunged over 7 per cent on NSE in Tuesday's session.

Asian Granito (down 6.59 per cent), IOL Chemicals (down 5 per cent), Reliance Naval and Engineering (down 5

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Stock market update: Over 30 stocks hit 52-week highs on NSE
NEW DELHI: As many as 33 stocks, including Bata India, Dabur India, Exide Industries, Infosys and ITC, hit 52-week highs on NSE on Tuesday.

GMM Pfaudler, Indiabulls Integrated Services, JSW Steel, L-T Technology Services, NELCO, NIIT Technologies, Page Industries, Persistent Systems, Pfizer, Transport Corporation of India, TCI Express, United

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Overweight State Bank of India, target Rs 425: Morgan Stanley
Morgan Stanley has an overweight rating on State Bank of India with a target price of Rs 425.

The current market price of State Bank of India is Rs 295.85.

Time period given by the asset management firm is one year when State Bank of India price can reach the defined target.

Morgan Stanley's view on the company:SBI reported material decline in bad

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DHFL Q1 profit rises 35%
NEW DELHI: Mortgage lender DHFL on Monday reported 35 per cent rise in net profit to Rs 435 crore for the first quarter ended June 30 of the current fiscal on higher lending. The company had posted a net profit of Rs 322.4 crore in the April-June quarter of last fiscal.

Its total income went up to Rs 3,156.1 crore, from Rs 2,497.1 crore.

Loan book

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