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The domestic market traded very much on the analyzed lines during the week gone by. It was expected that the 50-pack will extend its upward move, but will do so with intermittent consolidation and minor bouts of correction.

While trading exactly in this manner, the Nifty ended the week with net gains of 68.70 points, or 0.60 per cent, on a

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Aviation ministry keeping track of developments at Jet
jet airways: Aviation ministry keeping track of developments at Jet - The TheIndianSubcontinent

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AU Small Fin Bank jumps 10% on block deal
NEW DELHI: Shares of AU Small Finance Bank went up 10 per cent on Friday amid reports that Warburg Pincus has sold 5 per cent stake in the company to a marquee investor in a block deal.

Warburg Pincus was required to bring down its stake in the company below 10 per cent, in line with RBI regulations. According to Times Now, Axis Bank was the

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India Cements reports 20% drop in June quarter net profit
NEW DELHI: India Cements on Saturday reported a 20.46 per cent YoY drop in net profit at Rs 21.03 crore for June quarter. The company had reported Rs 26.44 crore profit in the year-ago quarter.

Sales for the quarter came in at Rs 1,360 crore, down 6 per cent YoY over Rs 1,461 crore in the year-ago quarter.

Ebitda fell 15 per cent to Rs 155.90

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MUMBAI: State Bank of India (SBI) shocked investors with a third straight quarter of losses as it provided for bond losses upfront and forecast another quarter of pain as it awaits the resolution of a troubled asset, sending the stock down 3.8%. But the bank promised to deliver full-year profits as it believes loan demand is set to accelerate in
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Eicher Motors adds 3% post Q1; worth your bet
Royal Enfield maker Eicher Motors rallied 3 per cent on Friday as the company came up with its best ever quarterly show.

On Thursday, the bike maker reported its best quarterly consolidated net profit at Rs 576 crore in April-June, driven by robust motorcycle sales.

The company registered 25.36 per cent growth in net profit for the first quarter

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Elon Musktweet draws Tesla investor lawsuit over share price swings
By Joel Rosenblatt and Dana Hull

Elon Musk and Tesla Inc. were sued for manipulating share prices with the chief executive officer’s bombshell tweet that he was thinking about taking the company private and that funding was secure.

Musk lied about funding so he could push shares higher and ambush short sellers betting against the company, according

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Bosch Q1 net profit rises 42% to Rs 431 crore
NEW DELHI: Auto components major Bosch Ltd today reported 42.42 per cent jump in net profit to Rs 430.98 crore in the first quarter ended June 30, 2018.

The company had posted net profit of Rs 302.61 crore in the same quarter last fiscal, Bosch Ltd said in a BSE filing.

Revenue from operations stood at Rs 3,212.15 crore. It Rs 2,830.44 crore in

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Share market update: IT stocks mixed; Infosys, Wipro fall
NEW DELHI: Shares of Tech Mahindra (down 1.72 per cent), KPIT Technologies (down 0.99 per cent), Oracle Financial Services Software (down 0.91 per cent), Infosys (down 0.43 per cent) and Wipro (down 0.14 per cent) were trading in the negative territory in Friday's session.

The Nifty IT index was trading 0.12 per cent down at 14,585 around 12:10

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Strong-arm governments are taking over the global economy
By Tom Orlik and Justin Jimenez

Surveying the end of the Cold War in 1989, political scientist Francis Fukuyama famously argued in an essay titled The End of History that Western liberal democracy was the culminating form of government. That’s not quite how things have played out. History, you might say, has returned.

Consider the Group of 20.

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European shares tumble as Turkish turmoil hits banks
MILAN: European shares fell on Friday morning as worries over a plunging Turkish lira weighed, with banks most exposed to the country among the biggest losers.

Shares in France's BNP Paribas, Italy's UniCredit and Spain's BBVA fell by around 3 per cent after the Financial Times reported that the European Central Bank is concerned about their

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PC Jeweller surges 8% ahead of June quarter numbers
PC Jeweller jumped over 8 per cent on Friday ahead of its quarterly earnings later in the day.

The company is scheduled to report its financial performance for the June quarter during the day. The conference call is coming up at 5 pm.

The stock, which made a gap-up opening today, rose 8.01 per cent to hit a high of Rs 109.20 on the BSE. This was

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Nadella nets $36 million after selling 30% of his Microsoft stock
SAN FRANCISCO: Microsoft CEO Satya Nadella netted $35.9 million after selling around 30 per cent of his common shares in the company, the media reported.

He sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68, CNBC reported citing a regulatory filing on Friday.

"The stock divestitures made today were for personal

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China stocks see best week in 1 month as techs lend support
SHANGHAI: China stocks edged up on Friday to post their best week in a month, aided by strong gains in shares of technology companies.

The blue-chip CSI300 index ended 0.2 per cent higher at 3,405.02 points while the Shanghai Composite Index closed flat at 2,795.31 points.

For the week, CSI300 is up 2.7 per cent while the SSEC gained 2 per cent,

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Stock market update: FMCG stocks mixed; ITC up, but HUL down
NEW DELHI: FMCG stocks were trading mixed in Friday's session.

The Nifty FMCG index was trading flat at 31,384 around 12 pm.

Shares of Jubilant Foodworks (up 1.40 per cent), GlaxoSmithKline Consumer Healthcare (up 0.93 per cent) and ITC (up 0.41 per cent) were the top gainers in the index.

Colgate-Palmolive (India) (up 0.37 per cent), Godrej

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Billionaire BirlaHindalco sees profit jump as Modi fuels boom
By Swansy Afonso

Indian billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. reported a jump in quarterly profit aided by a rising appetite for aluminum and copper in the world’s fastest growing major economy and better prices.

Net income was 4.14 billion rupees ($60 million) in the three months to June from 2.89 billion rupees a year

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Nikkei hits 1-month low as chip sector tumbles; strong yen dents confidence
TOKYO: Japan's Nikkei fell to a one-month low on Friday as semiconductor-related shares tumbled after Morgan Stanley downgraded its view on the U.S. chip sector, which offset any boost from Japan's better-than-expected economic growth.

The Nikkei share average ended 1.3 per cent lower at 22,298.08, the lowest closing level since July 12. For the

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Paying the price of a Merc for a Maruti! High D-Street has a dilemma
NEW DELHI: As India’s equity benchmarks rule at lifetime peaks, with heartbeat index Sensex sprinting 1,000 points in 10 sessions, investor faces on Dalal Street wear more worry lines than euphoria.

You do not see the Nifty50 rule at a price-to-earnings multiple of 28 too often! In last 18 years, this has happened only twice before; on both

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Take Five: World markets themes for the week ahead
LONDON: Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them:

1. Testing the taper tantrum

Five years ago, the so-called Taper Tantrum sent investors fleeing emerging markets. Since then, the sector seems to have built resilience to the kind of rolling selloffs

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Australian shares weighed by materials and oil stocks; NZ up
Australian shares finished lower on Friday as oil price weakness dragged on energy stocks and as the outlook for earnings from James Hardie Industries, the world's top fibre cement producer, disappointed investors.

The S-P/ASX 200 index closed down 0.3 per cent but managed to end the week 0.7 per cent higher, its best week in five. The

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Top intraday trading ideas for afternoon trade for Friday, 10 August 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in negative terrain around 11:40 am on Friday owing to a dismal show by select bank, pharma, metal and auto stocks.

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

Shrikant Chouhan, senior VP (technical

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Top Indian lender SBI eyes return to profitability in Q3
NEW DELHI/BENGALURU: State Bank of India is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases, its chairman said after the nation's top lender by assets plunged to its third straight quarter of losses.

India's banks have been plagued by a surge in non-performing loans which hit a record $150

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Share market update: Metals lose shine; Jindal Steel plunges despite positive Q1 numbers
NEW DELHI: Most metal - mining stocks were suffering losses in Friday's trading session, keeping the sectoral index down.

The BSE Metal index was trading 0.96 per cent down at 13,157 around 12:55 pm.

Jindal Steel - Power (down 3.64 per cent) was the top loser of the pack. Shares of the private steelmaker fell despite, as per PTI, it

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Share market update: Capital goods stocks mixed; Suzlon Energy, Graphite India among top gainers
NEW DELHI: Capital goods stocks were trading mixed in afternoon trade on Thursday.

CG Power and Industrial Solutions (up 6.88 per cent), Suzlon Energy (up 5.47 per cent), Graphite India (up 4.36 per cent), NBCC (India) (up 2.87 per cent), V-Guard Industries (up 2.24 per cent) and HEG (up 2.09 per cent) were the top gainers among the capital goods

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By DK Aggarwal

Master (1) The automobile sector, which is one of the key drivers of India’s economy, accounting for around 4 per cent of GDP, has been seeing an uptick, boosted by a long-awaited recovery in consumption, which is reflected in sales of two-wheelers, four-wheelers and tractors.

As per the Automotive Component Manufacturers Association of India

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Stock market update: Midcaps in sync with Sensex; Jindal Steel, Tata Comm top losers
NEW DELHI: The BSE Midcap index was trading in sync with benchmark Sensex in afternoon trade on Friday.

Around 12:45 pm, the midcap index was 0.24 per cent down at 16,301, while the BSE Sensex was 0.26 per cent down at 37,925. The NSE Nifty50 was 0.27 per cent down at 11,440 around that time.

Jindal Steel - Power (down 3.94 per cent), Tata

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Stock market update: Bharti Airtel, GTPL Hathway keep telecom pack down
NEW DELHI: Even as most telecom stocks were trading with gains, losses in Bharti Airtel (down 4.08 per cent) and GTPL Hathway (down 3.66 per cent) were keeping the sectoral index down.

The BSE Telecom index was trading 0.93 per cent down at 1,187 around 02:50 pm.

Himachal Futuristic Communications (down 0.99 per cent) and Tata Teleservices

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The Indian stock market was euphoric this week as it touched new highs on every single day and the market breadth too improve somewhat with smallcap and midcap shares also participating in the rally. Our indices were resilient in spite of negative global headwinds regarding tariff wars, sanctions on Iran and political slugfest among the US, China
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Stock market update: Nifty Pharma falls 1%; Sun Pharma, Lupin top drag
NEW DELHI: Most pharma stocks were trading in the negative territory in afternoon trade on Friday.

The Nifty Pharma index was trading 0.90 per cent down at 9,166 around 12:20 pm.

Sun Pharmaceutical Industries (down 2.90 per cent), Lupin (down 1.74 per cent) and Glenmark Pharmaceuticals (down 1.27 per cent) were the top losers in the index.

Shares

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Share market update: Rajesh Exports, Titan drag consumer durables index down
NEW DELHI: Losses in Rajesh Exports (down 2.33 per cent), Titan Company (down 1.95 per cent) and Crompton Greaves Consumer Electricals (down 0.69 per cent) dragged consumer durables index down in afternoon trade on Thursday.

The BSE Consumer Durables index was trading 0.48 per cent down at 21,863 around 02:40 pm.

Shares of PC Jeweller (up 9.67

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