StockMarket

F O: Nifty trading range shifts lower to 11,900-12,250 zone
By Chandan Taparia

NSE Nifty started the session on a negative note and corrected sharply from initial trades on Tuesday. The index slumped for a fourth session and fell towards the 11,900 level during the day. However, it staged a smart recovery from the lower levels and finally settled just below the 12,000 mark to form a ‘Hammer’ candle on the da

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Quite a good experience sans regulatory capture, opines Ajay Tyagi on his tenure
Mumbai: Transparent working ways and consultative approach without "regulatory capture" were among the achievements listed out by Sebi chairman Ajay Tyagi as he described his current three-year tenure as "quite a good experience".

Tyagi, whose current term ends later this month, however, kept everyone guessing on the question of an extension or if

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Individual investment advisors cannot provide distribution services, says Sebi
MUMBAI: The Securities and Exchange Board of India (Sebi) on Monday said that an individual investment advisors cannot provide distribution services to clients, as the markets regulator segregated advisory and distributing activities.

In a press release, the markets regulator said it will introduce an upper limit on the fees charged to clients by

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Mumbai: NSE on Tuesday said that private lender YES Bank will cease to be a part of Nifty50 index from March 27, and will be replaced by Shree Cement. YES Bank was dropped from Sensex in December 2019.

The exchange also excluded Ashok Leyland, Indiabulls Housing Finance, L-T Finance Holdings, Vodafone Idea and YES Bank from Nifty 100 index,

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F O: Nifty correction may halt near 12,000 level
By Chandan Taparia

NSE Nifty started the session with marginal gains and moved higher in the initial trades on Monday. But, the index failed to sustain at higher levels and faced selling pressure at around the 12,150 level. It remained in the negative territory for the major part of the day, and formed a bearish candle on the daily chart.

The index

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CCI approves acquisition of WABCO Holdings by ZF Friedrichshafen AG
Fair trade regulator CCI has approved acquisition of WABCO Holdings Inc. (WABCO) by ZF Friedrichshafen AG. As per a combination notice filed with the Competition Commission of India (CCI), ZF will acquire 100 per cent shares in WABCO via its indirect wholly-owned subsidiary Verona Merger Sub Corp, a Delaware corporation, resulting in acquisition
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Tech View: Nifty forms 'Hammer' candle; has stiff hurdle at 12,030 level
NEW DELHI: Nifty50 on Tuesday fell below the psychological mark of 12,000 level despite some late recovery. The index formed a ‘Hammer’ candle on the daily chart, suggesting buying at lower levels.

Analysts said a fall below 12,000 is a negative despite efforts by the bulls to defend the level. Immediate resistance is seen at 12,030, while any

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RBI's 3-year repo auction sees hefty demand
MUMBAI, - The Reserve Bank of India's first-ever long term repo operation (LTRO) saw massive demand on Monday with banks bidding for 7.8 times the funds on offer.

The central bank had announced that it will auction funds worth a total 1 trillion rupees ($14.03 billion) via long-term repos at a fixed rate of 5.15 per cent which is the current repo

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KKR kicks off cleanup, revival process for India fin services biz
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Sensex falls for 4th day on telecom woes, coronavirus fears
Mumbai: The domestic stock market slipped for a fourth straight session on Tuesday, as investors remained on the sidelines due to lingering worries over impact of AGR ruling on Indian banks and coronavirus outbreak.

BSE’s 30-share Sensex shed 0.39 per cent or 161.39 points to close at 40,894.38, while NSE’s 50-share Nifty dropped 0.44 per cent or

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Market Movers: Muthoot Finance RInfra rally; ONGC plunges; India Vix surges
NEW DELHI: Good show in December quarter earnings propelled shares of Muthoot Finance by 17 per cent, while Reliance Infrastructure jumped over 9 per cent on Monday. Meanwhile, ONGC dropped over 3 per cent as its bottom line halved during the quarter.

BSE benchmark Sensex declined 202 points or 0.49 per cent to end the day at 41,056. NSE

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Sell Page Industries, price target Rs 21,600: CK Narayan
CK Narayan of Chart Advise has a sell call on Page Industries Ltd. with a target price of Rs 21600.0 . The current price of Page Industries Ltd. is Rs 22422.45 . CK Narayan recommended to keep a stoploss at Rs 23000 .

Page Industries Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 25009.72 Crore) operating

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European shares slump as Apple warning hammers tech sector

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Tech View: Nifty50 forms bearish candle for 3rd straight day; 12,000 level key
NEW DELHI: Nifty on Monday formed a bearish candle on the daily chart for the third straight session. The index closed below its 20-day simple moving average (SMA) of 12,059, and made a lower low formation for yet another day, suggesting supports were shifting lower. Analysts said any sustained move below 12,000 could bring the bears back.

“A c

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Buy Balkrishna Industries, price target Rs 1,175: CK Narayan
CK Narayan of Chart Advise has a buy call on Balkrishna Industries Ltd. with a target price of Rs 1175.0 . The current price of Balkrishna Industries Ltd. is Rs 1157.05 . CK Narayan recommended to keep a stoploss at Rs 1145 .

Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 22367.77

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Glencore posts first annual loss in four years as impairments bite
LONDON: Glencore reported its first annual net loss since 2015 on Tuesday after writing down $2.8 billion in coal, oil and copper assets.

The world's largest commodities trader has been hit by falling demand for coal and weaker prices in some of its key markets.

The $2.8 billion in impairments mainly related to the closure of its African copper

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Sebi to relax investment manager eligibility norms for InvITs; fast-track issuance
Capital markets regulator Sebi on Monday decided to amend its investment manager eligibility norms for Infrastructure Investment Trusts and also permit fast-track issuance of units to existing investors in REITs and InvITs. The changes in the eligibility norms, approved by Sebi's board at a meeting here, will help a mega offering worth an
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Share market update: Hathway Cable, Vodafone Idea among top gainers on BSE

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Develop opposing thinking as a new habit to succeed in technical analysis
The aspect of fading signals or chasing requires a mindset that is able to veer 180 degrees without missing a beat! While learning technical analysis, we go through different techniques. As we read books, we find that almost all techniques have some validity and based on our own choices, some have greater validity than others. Since we learn them
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Sebi levies Rs 25 lakh fine on HBJ Capital Services, 4 directors
Markets regulator Sebi has levied a fine of Rs 25 lakh on HBJ Capital Services Pvt Ltd and its four directors for not complying with its directions that barred the entities from acting as investment adviser and alternative investment fund. The four directors are-- Kumar Harendra, Amrita Singh, Abhishek Kumar Singh and Jitendra Kumar.

The entities

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Buy ICICI Bank, price target Rs 565: Jay Thakkar

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UTI MF sidepockets exposure to Vodafone Idea
Mumbai: UTI Mutual Fund on Monday said it has created a segregated portfolio for debt securities of Vodafone Idea after Care Ratings downgraded the telecom major’s debt securities below investment grade.

The fund house holds Vodafone Idea’s debt securities -- worth around Rs 186 crore -- in its UTI Credit Risk Fund, UTI Bond Fund, UTI Regular

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Sebi to come out with circular to prevent Karvy-like incidents
MUMBAI: Returning investors’ dues in the Karvy case in a timely manner is the top priority of the Securities and Exchange Board of India (Sebi), its chairman Ajay Tyagi said on Monday.

He added that Sebi will soon come out with a circular to prevent incidents such as Karvy Broking Services, which had allegedly misused clients' securities.

Tyagi

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Buy Bharti Airtel, price target Rs 585: Jay Thakkar
Jay Thakkar of Anand Rathi has a buy call on Bharti Airtel Ltd. with a target price of Rs 585.0 . The current price of Bharti Airtel Ltd. is Rs 565.1 . Jay Thakkar recommended to keep a stoploss at Rs 555 .

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 308293.55 Crore) operating in

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On expected lines, NSE Nifty slipped further to test its short-term 20-day moving average (DMA) on Monday. The market made a flat start, but in a rangebound and volatile session, it continued to gradually decline throughout the day. The index finally ended with a loss of 67.65 points or 0.56 per cent at 12,045.80.

The headline index has confirmed

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Sebi actively looking at mutual fund reclassification, says Ajay Tyagi
Sebi Chairman Ajay Tyagi on Monday said that the markets regulator is actively looking at recategorisation of midcap and smallcap stocks for the mutual funds. Sebi chief had made a similar comments earlier this month.

To ensure uniformity, Sebi in 2017 issued a list defining largecap, midcap and smallcap companies. The list is being prepared once

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Buy Balkrishna Industries, price target Rs 1,180: Kunal Bothra
Kunal Bothra has a buy call on Balkrishna Industries Ltd. with a target price of Rs 1180.0 . The current price of Balkrishna Industries Ltd. is Rs 1157.05 . Kunal Bothra recommended to keep a stoploss at Rs 1142 .

Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 22367.77 Crore) operating

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5Paisa.com introduces unique portfolio analyser for investors

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Sebi approves regulatory sandbox for live testing of new products
Mumbai: With an aim to facilitate use of latest fintech innovations in capital markets, Sebi on Monday decided to allow live testing of new products, services and business models by market players on select customers.

Initially, all Sebi-registered entities will be eligible to participate in such a 'regulatory sandbox', a live testing environment

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Buy UPL, price target Rs 615: Kunal Bothra
Kunal Bothra has a buy call on UPL Ltd. with a target price of Rs 615.0 . The current price of UPL Ltd. is Rs 591.35 . Kunal Bothra recommended to keep a stoploss at Rs 575 .

UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 45181.83 Crore) operating in Pesticides/Agro Chemicals sector.

UPL Ltd. key

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