StockMarket

Banks, IT stocks propel Sensex by 391 pts; Nifty zooms to new record
NEW DELHI: After two sessions of losses, bulls again took charge on Dalal Street, as strong buying in bank, metal and IT stocks pushed Sensex 391 points higher and Nifty to its fresh lifetime high on Friday.

Bank and financial counters staged an impressive comeback from their earlier lows after the RBI on Wednesday raised the repo rate by 25 basis

Details
Category: Stock Market

Write comment (98 Comments)

RCom rallies 15% as SC paves way for tower biz sale

Commenting feature is disabled in your country/region.

From Around The Web

More from The TheIndianSubcontinent

Details
Category: Stock Market

Write comment (93 Comments)

Share market update: Smallcaps in sync with midcaps, outperform Sensex
NEW DELHI: In sync with BSE Midcap, the BSE Smallcap index too was outperforming benchmark Sensex in morning trade on Friday.

Around 10:50 am, the BSE Smallcap index was 1.03 per cent up at 16812, while the BSE Sensex was 0.76 per cent up at 37,447. The NSE counterpart Nifty50 was 0.77 per cent up at 11,331.

Venky's (India) (up 17.55 per cent),

Details
Category: Stock Market

Write comment (95 Comments)

Nestle India Q2 net profit jumps 50% to Rs 395 crore
NEW DELHI: FMCG major Nestle India today reported 49.95 per cent jump in net profit at Rs 395.03 crore for the second quarter ended June 30, helped by lower expenses.

The company, which follows January-December financial year, had posted a net profit of Rs 263.43 crore for the April-June quarter of 2017-18.

Total income during the quarter stood at

Details
Category: Stock Market

Write comment (93 Comments)

Top intraday trading ideas for afternoon trade for Friday, 3 August 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in positive terrain in Friday's session on buying in most sectors, led by bank, financial, metal and auto.

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.comL-T Finance

Details
Category: Stock Market

Write comment (95 Comments)

Mumbai: NSE chairman Ashok Chawla’s continuance as non-executive chairman of the country’s largest stock exchange may hinge on what the government does in response to the Central Bureau of Investigation’s (CBI) charge sheet in the Aircel-Maxis scam. Mr Chawla is named in the charge sheet but CBI officials need government permission to prosecute him
Details
Category: Stock Market

Write comment (97 Comments)

Bank of Maharashtra Q1 loss nearly trebles to Rs 1,119 crore as NPAs spike
New Delhi, Aug 3 () Bank of Maharashtra's June quarter net loss nearly trebled to Rs 1,119 crore as bad loans spiked, resulting into higher provisioning coverage. The bank had reported a net loss of Rs 412.20 crore in the April-June period of 2017-18.

Total income during the reported quarter fell to Rs 2,987.10 crore as against Rs 3,209.84 crore

Details
Category: Stock Market

Write comment (98 Comments)

A pragmatic MPC, an August hike and a long pause
BY MANISH WADHAWANIn their unwavering pursuit of containing inflation at 4% in the medium term, RBI hiked the repo rate by 25 bps. The decision comes in the backdrop of existing uncertainties, both global and domestic, the risks being the outcome on inflation, taking into account MSP’s increase in the coming months, volatile crude oil prices, and s
Details
Category: Stock Market

Write comment (97 Comments)

Brokerages go with ONGC post Q1; should you check in
A majority of brokerages maintained their bullish bets on Oil and Natural Gas Corporation as the upstream explorer came out with a robust set of Q1 earnings numbers.

ONGC on Thursday reported a 58.15 per cent jump in net profit at Rs 6,143.88 crore for three months to June on the back of higher crude prices and improved performance.

It had posted

Details
Category: Stock Market

Write comment (93 Comments)

Kotak's 'interesting move' may remove overhang from bank shares
By Anto Antony

Billionaire Uday Kotak’s “interesting move” to dilute his holding in Kotak Mahindra Bank Ltd. via a preference share issue will remove an overhang from the stock if the transaction is acceptable to the central bank, according to analysts at Morgan Stanley.

The Mumbai-based lender sold 5 billion rupees ($72 million) worth of

Details
Category: Stock Market

Write comment (93 Comments)

Need to anchor inflation hopes led to a repo hate hike
By Saugata BhattacharyaA need for the forward-looking component of monetary policy to credibly lower rising inflation expectations probably overrode the slowdown risks in the current uncertain economic environment. The Monetary Policy Committee (MPC) voted 5 to 1 to hike the repo rate by 0.25% to 6.5%, while maintaining a neutral stance. Even at
Details
Category: Stock Market

Write comment (93 Comments)

Stock market update: Midcap index rises over 1%, outperforms Sensex
NEW DELHI: Midcaps were outperforming equity benchmark Sensex in Friday's trading session.

Around 10:40 am, the BSE Midcap index was 1.15 per cent up at 16242, while the BSE Sensex was 0.79 per cent up at 37,458. The NSE Nifty50 was 0.80 per cent up at 11,335 around that time.

Torrent Pharmaceuticals (up 6.87 per cent), Adani Power (up 5.18 per

Details
Category: Stock Market

Write comment (96 Comments)

After rising 2,000%, this stock is down by half, but numbers are rosy
State-owned construction firm NBCC (India) is looking for an earnings growth of over 30 per cent CAGR over the next five years, says CMD Anoop Kumar Mittal.

The company has seen net sales and profit grow at CAGR over 10 per cent in last six years. For the year ended March 2018, NBCC posted a net profit of Rs 333.60 crore against Rs 176.70 crore

Details
Category: Stock Market

Write comment (94 Comments)

Indiabulls Housing Finance up 5% post Q1; brokerages upbeat
Indiabulls Housing Finance rallied over 5 per cent early on Friday as the company reported a 30 per cent jump in net profit for the first quarter to June.

Profit stood at Rs 1,054.7 crore in April-June, driven by healthy loan growth. The corresponding figure was Rs 809.5 crore in the same period last year.

Its loan book rose 33.4 per cent to Rs

Details
Category: Stock Market

Write comment (93 Comments)

PVR Ltd rallied more than 5 per cent on Friday as the multiplex chain operator renewed its non-exclusive arrangements with Paytm and Bookmyshow for booking and selling cinema ticketing inventory for 3 years.

The renewal came through web and app-based platforms, it told stock exchanges.

The scrip was 6.26 per cent up at Rs 1,173.40 at around 9.25

Details
Category: Stock Market

Write comment (100 Comments)

Strong bank earnings and tech gains help European shares recover
LONDON: Strong bank stocks helped boost European markets on Friday after a tumultuous week as investors drew encouragement from forecast-beating results and a rally on Wall Street overnight.

The pan-European STOXX 600 index climbed 0.2 per cent in early trading, recovering from its worst day in three weeks as stocks worldwide sold off on fears of

Details
Category: Stock Market

Write comment (96 Comments)

Indiabulls Housing Finance up 5% post Q1; brokerages upbeat
Indiabulls Housing Finance rallied over 5 per cent early on Friday as the company reported a 30 per cent jump in net profit for the first quarter to June.

Profit stood at Rs 1,054.7 crore in April-June, driven by healthy loan growth. The corresponding figure was Rs 809.5 crore in the same period last year.

Its loan book rose 33.4 per cent to Rs

Details
Category: Stock Market

Write comment (98 Comments)

Fed terms economy as 'strong' for the first time since 2006
New York: So long, modest, moderate and solid. Strength is making a comeback. The Federal Reserve described economic activity as “strong” in Wednesday’s statement, the first time it’s done so since it called it “quite strong” in May 2006 — in the late stages of the last economic expansion, shortly before the housing market drove the economy into
Details
Category: Stock Market

Write comment (91 Comments)

Titan Q1 profit jumps 31% YoY to Rs 349 crore
NEW DELHI: Titan Company on Friday reported 30.80 per cent YoY rise in standalone profit at Rs 349.20 crore for June quarter, which was higher than Rs 310 crore projected by analysts in an ETNow poll.

The Tata Group firm had reported Rs 266.91 crore profit in the year-ago quarter.

Revenue for the quarter rose to Rs 4,318.85 crore from Rs 4,026.64

Details
Category: Stock Market

Write comment (99 Comments)

Capital First Q1 net up 55%
Mumbai: Capital First reported an increase of 55 per cent in net profit during the quarter ended June 30, 2018, on healthy loan book and interest income. During the quarter, profit after tax rose to Rs 101.5 crore from Rs 65.4 crore in the corresponding quarter a year ago.

Net interest income or income from operations grew 51 per cent to Rs 528

Details
Category: Stock Market

Write comment (94 Comments)

Share market update: Private bank stocks rise; YES, Kotak, ICICI Bank top gainers
NEW DELHI: Most private bank stocks were trading up in morning trade on Friday.

The Nifty Private Bank index was trading 0.81 per cent up at 15,512 around 10:20 am.

IDFC Bank (up 2.37 per cent) and Federal Bank (up 2.23 per cent) were the top gainers in the index.

YES Bank (up 1.71 per cent), Kotak Mahindra Bank (up 1.27 per cent), ICICI Bank (up

Details
Category: Stock Market

Write comment (93 Comments)

By Enda Curran, Christopher Anstey and Eric LamIf you thought the first half of the year was rocky for emerging market economies, brace for turbulence ahead with dollar strength and a weaker Chinese currency set to keep investors on edge.

The yuan has slid six percent against the dollar since June and analysts say if further losses

Details
Category: Stock Market

Write comment (92 Comments)

Young investors on Dalal Street have a fancy for the second-rung stocks, as they tend to rise faster than the broader market in good times.

The recent crash in smallcaps and midcaps did bleed such investors badly, but they remained calm and stayed put throughout.

The BSE Midcap and Smallcap indices corrected up to 20 per cent from their respective

Details
Category: Stock Market

Write comment (94 Comments)

By Sarah Ponczek

Holding your breath for Apple Inc. to break $1 trillion There’s a new magic number to fixate on. And it’s less than 3 percent away.

As of Wednesday, the price that would crown the iPhone maker the first U.S. company to surpass the milestone is $207.0425 a share. Anythin g above that -- most likely, a trade at $207.05 -- and the

Details
Category: Stock Market

Write comment (99 Comments)

By Keiko Ujikane and Shigeki Nozawa

The world’s biggest pension fund saw returns rebound last quarter with foreign stocks generating the biggest gain among its assets.

Japan’s Government Pension Investment Fund returned 1.7 per cent, or 2.6 trillion yen ($23 billion), in the three months ended June 30, with assets totaling 158.6 trillion yen, it s

Details
Category: Stock Market

Write comment (91 Comments)

Young investors on Dalal Street have a fancy for the second-rung stocks, as they tend to rise faster than the broader market in good times.

The recent crash in smallcaps and midcaps did bleed such investors badly, but they remained calm and stayed put throughout.

The BSE Midcap and Smallcap indices corrected up to 20 per cent from their respective

Details
Category: Stock Market

Write comment (94 Comments)

Marico Q1 net rises 10% YoY to Rs 260 crore
New Delhi: FMCG firm Marico today reported 10.25 per cent rise in consolidated net profit at Rs 260.13 crore for the quarter ended June 30.

The company had reported a net profit of Rs 235.93 crore in April-June quarter of 2017-18.

Total income during the reported quarter stood at Rs 2,050.8 crore. It was Rs 1,714.53 crore in the June quarter of

Details
Category: Stock Market

Write comment (100 Comments)

HDIL shares fall after Union Bank says co defaults on loan settlement
NEW DELHI: Shares of real estate development company HDIL slipped over 2 per cent on Friday after Union Bank of India said the realty firm has defaulted on Rs 143 crore loan settlement, ETNOW reported. The lender has re-filed insolvency plea against HDIL as the settlement failed.

In an interaction with CNBC TV18, the company's management

Details
Category: Stock Market

Write comment (95 Comments)

Shriram Transport Fin to raise $400 million through ECB route
Mumbai: Shriram Transport Finance would raise about $400 million in offshore loans through its first external commercial borrowing (ECB) programme, benefiting from amended rules that allow such financiers to go beyond home for capital that would otherwise have cost more after Mint Street enhanced rates twice in as many months.

India’s largest t

Details
Category: Stock Market

Write comment (98 Comments)

Mahindra Logistics' Q1 net up 61%
MUMBAI: Mahindra Logistics today reported a 61 per cent increase in consolidated net income at Rs 24 crore for the three months to June on a revenue of Rs 928 crore, which grew 9 per cent.

The company attributed the better show to higher gross margins across different industry verticals driven by focus on operational efficiencies and better

Details
Category: Stock Market

Write comment (94 Comments)