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Oriental Insurance turns around posts Rs 1,150 crore profit
NEW DELHI: Public sector general insurer Oriental Insurance posted a profit of Rs 1,510 crore for the financial year ended March 31, 2018 as it further consolidated it business. The insurer was in red with a loss of Rs 1,691 crore in 2016-17.

Oriental Insurance chairman A V Girijakumar said that the company followed a measured approach towards

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NEW DELHI: The six-member monetary policy committee (MPC) on Wednesday hiked repo rate by 25 basis points to 6.5 per cent in a 5-1 vote, and dropped enough hints at how various macro parameters are shaping up and what should one expect in upcoming policy reviews.

Here are some key takeaways of the third bi-monthly policy review of 2018-19. Inflat

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Buy Exide Industries, target Rs 287: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Exide Industries Ltd. with a target price of Rs 287.0 . The current market price of Exide Industries Ltd. is Rs 279.55 Time period given by the analyst is Intra Day when Exide Industries Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 276. Exide
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Share market update: Top Nifty gainers and losers of Wednesday's session
NEW DELHI: Coal India, Lupin, Indian Oil Corporation, Bharti Infratel, Dr. Reddy's Laboratories and BPCL emerged as the top gainers in the Nifty index on Wednesday.

On the other hand, Hindalco Industries, ICICI Bank, Maruti Suzuki India, Vedanta, Tata Steel and Bharti Airtel finished the day as the top losers in the Nifty index.

The market

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Stock market update: Realty stocks mixed ahead of RBI's policy outcome
NEW DELHI: Rate-sensitive realty stocks were trading mixed in morning trade on Wednesday, ahead of the RBI's monetary policy meet outcome.

The Reserve Bank of India is likely to raise interest rates while retaining a neutral policy stance as it aims to strike a balance between rising inflationary pressures and still recovering growth, Reuters

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By Anirban NagAnother interest rate hike is on the cards in India as the central bank tries to rein in inflation and shore up Asia’s weakest major currency.

The Reserve Bank of India will probably increase the repurchase rate by 25 basis points to a two-year high of 6.5 percent on Wednesday, according to 39 of the 52 economists in a Bloomberg

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By Chandan Taparia The Nifty50 index continued to form higher highs and higher lows for last nine sessions and made a new lifetime high of 11,390. However, it witnessed profit booking at higher levels and finally closed in the negative after logging gain for four consecutive sessions.

The index formed a Spinning Top candle on the daily scale,

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Stock market update: Realty stocks mixed ahead of RBI's policy outcome
NEW DELHI: Rate-sensitive realty stocks were trading mixed in morning trade on Wednesday, ahead of the RBI's monetary policy meet outcome.

The Reserve Bank of India is likely to raise interest rates while retaining a neutral policy stance as it aims to strike a balance between rising inflationary pressures and still recovering growth, Reuters

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Buy Hindustan Zinc, target Rs 295: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Hindustan Zinc Ltd. with a target price of Rs 295. The current market price of Hindustan Zinc Ltd. is Rs 280.2 Time period given by analyst is Intra Day when Hindustan Zinc Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 271 . Hindustan Zinc Ltd., incorporated
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Stock market update: Realty index settles in the green post RBI policy outcome
NEW DELHI: Realty stocks settled mixed after the monetary policy committee (MPC) of the Reserve Bank on Wednesday hiked repo rate by 25 basis points to 6.50 per cent in its third bi-monthly monetary policy review of 2018-19.

The Nifty Realty index finished Wednesday's session 0.18 per cent up at 273.

Shares of Godrej Properties (up 3.85 per cent),

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5 midcaps that outperformed in July and could gain more
The BSE MidCap index gained 3.6% in July after falling nearly 16% between the time the index hit a record high in January and June 30. There are some stocks which have gained significantly with valuations turning attractive after the sharp correction in the last few months. ET takes a look at five stocks which outperformed during the month and
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Buy Godrej Industries, target Rs 680: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Godrej Industries Ltd. with a target price of Rs 680. The current market price of Godrej Industries Ltd. is Rs 648.2 Time period given by analyst is Intra Day when Godrej Industries Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 635. Godrej Industries Ltd.,
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Sensex drops 85 points, Nifty settles below 11,350 on RBI rate hike
NEW DELHI: The BSE benchmark Sensex logged its first loss in nine sessions on Wednesday after the Reserve Bank of India raised interest rates by 25 basis points. Heavy selling was witnessed in shares of Vedanta, Maruti Suzuki, Bharti Airtel.

Rate-sensitive bank and auto stocks ended in the red, however, realty stocks logged gains.

The BSE Sensex

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Share market update: Auto stocks gain up to 3% ahead of July sales data
NEW DELHI: Most auto stocks were trading with gains in morning trade on Wednesday ahead of July sales data and RBI's policy meet outcome.

Auto companies will start releasing their sales numbers for the month of July from today.

Bharat Forge (up 2.64 per cent), Amara Raja Batteries (up 1.83 per cent), Bajaj Auto (up 1.78 per cent) and Bosch (up

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Buy Dr. Reddy's Laboratories, target Rs 2160: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Dr. Reddy's Laboratories Ltd. with a target price of Rs 2160. The current market price of Dr. Reddy's Laboratories Ltd. is Rs 2127.15 Time period given by the analyst is Intra Day when Dr. Reddy's Laboratories Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 2105.
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MPC member Ravindra Dholakia again dissents after a pause
MPC- monetary policy committee - member Ravindra Dholakia has again dissented in the latest Bi-monthly monetary policy by not favouring the majority voice of a 25 basis points hike in benchmark repo rate to 6.25 per cent.

Known to be a frequent dissenter ever since the Reserve Bank adopted the MPC vote format two years ago, Dholakia voted with the

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ET Intelligence Group: Reliance Industries (RIL) pipped Tata Consultancy Services (TCS) to become the most valued company on Indian bourses. RIL’s market valuation stood at Rs 7.51 lakh crore at the closing of Tuesday trade, which is Rs 8,192 crore more than TCS. RIL shares surged 3.14 per cent to Rs 1,185.8 — its lifetime closing high on the BSE.

RIL Snip 1

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Buy Britannia Industries, target Rs 6620: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Britannia Industries Ltd. with a target price of Rs 6620.0 . The current market price of Britannia Industries Ltd. is Rs 6530.05 Time period given by the analyst is Intra Day when Britannia Industries Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 6450.
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Share market update: Auto stocks tumble as RBI hikes repo rate
NEW DELHI: A majority of auto stocks settled in the negative territory on Wednesday, after the monetary policy committee (MPC) of the Reserve Bank on Wednesday hiked repo rate by 25 basis points to 6.50 per cent in its third bi-monthly monetary policy review of 2018-19.

The Nifty Auto index settled 0.76 per cent down at 10,890.

Exide Industries

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Stock market update: Bank stocks mixed ahead of RBI's policy outcome; IndusInd Bank, Kotak Bank rise 1%
NEW DELHI: Bank stocks were trading mixed in morning trade of Wednesday, ahead of RBI's monetary policy meet outcome.

The Nifty Bank index was trading almost flat at 27,756 around 09:45 am.

IndusInd Bank (up 1.29 per cent) and Kotak Mahindra Bank (up 1.17 per cent) were the top gainers in the Nifty Bank index.

Shares of YES Bank (up 0.26 per

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'BUY' or 'SELL' ideas from experts for Wednesday, 1 August 2018
NEW DELHI: Benchmark indices are likely to open on a positive note on Wednesday, tracking trading in Nifty futures on Singapore Stock Exchange (SGX) and cues from other Asian markets. ET Now spoke to various experts and here's what they have to recommend for today's trade.

Kunal Bothra, independent market expert Hind Zinc is a 'buy' call with

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Stock market update: Nifty Bank index settles in the red as RBI hikes repo rate
NEW DELHI: A majority of bank stocks settled in the negative territory on Wednesday after the monetary policy committee (MPC) of the Reserve Bank on Wednesday hiked repo rate by 25 basis points to 6.50 per cent in its third bi-monthly monetary policy review of 2018-19.

The Nifty Bank index settled 0.60 per cent down at 27,597, with Bank of Baroda

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Buzzing stocks: Adani Power, Rcom, Tata Motors, RIL, Bajaj Auto
NEW DELHI: The counter of Adani Power, with over 1.29 crore shares changing hands, was buzzing as the most traded stock on NSE in morning trade on Wednesday.

It was followed by, Reliance Communications (number of shares traded: 0.92 crore), Tata Motors (0.80 crore), BEL (0.60 crore), HDIL (0.53 crore), Suzlon Energy (0.42 crore), GMR Infra (0.36

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Soros, Capital Group, Fidelity line up for HDFC Bank's ADR
Mumbai: US investors led by the $1.7 trillion Capital Group, billionaire investor George Soros, $2.4 trillion Fidelity Group and alternative investment company Highbridge Capital Management have moped-up American Depository Receipts (ADRs) issued by HDFC Bank in a deal that closed early this morning, two people familiar with the deal said.

Demand

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Sebi initiates process to recruit new executive director
NEW DELHI: Capital markets watchdog Sebi has begun the process of recruiting an executive director for faster and more effective execution of regulatory work. The appointment of executive director will either be on deputation or contractual basis, for an initial period of three years, the regulator said in a public notice.

For this, the

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NEW DELHI: Headline indices Sensex and Nifty kicked off Wednesday's trade on a positive note amid firm global cues.

At 09:19 am, the S-P BSE Sensex was trading 56 points higher at 37,662, with Vedanta (up 2 per cent) being the top gainer and Tata Motors (down 3.54 per cent) the worst laggard. The 30-share pack hit a new lifetime peak of

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Vedanta posts 2% rise in Q1 profit, misses estimates
Mumbai: Anil Agarwal-led Vedanta posted a marginal increase in net profit for the first quarter of the current fiscal, the company announced on Tuesday.

Net profit increased by 2% at Rs 1,533 crore, missing Bloomberg estimates of Rs 2,374 crore. Revenue from operations increased by 15% at Rs 22,206 crore on the back of higher volumes at

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NEW DELHI: Mindful of simmering inflation, the Reserve Bank on Wednesday made its intention clear and raised interest rates by 25 basis points for the second straight meeting.

The central bank, however, retained its 'neutral' stance as it looked to keep a firm grip on inflation, but at the same time not choke growth.

The RBI's Monetary Policy

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Buy Dr. Reddy's Laboratories, target Rs 2190: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Dr. Reddy's Laboratories Ltd. with a target price of Rs 2190. The current market price of Dr. Reddy's Laboratories Ltd. is Rs 2127.15 Time period given by the analyst is Intra Day when Dr. Reddy's Laboratories Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at
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After Market: IndiGo crash-landing, earnings booster, insider trade details
NEW DELHI: After stumbling in the first half of the trade, the bulls roared back with full force in the second half on Tuesday, and lifted benchmark indices to fresh record highs on a closing basis.

Heavy buying in RIL, HUL and Infosys gave S-P BSE Sensex a 112-point lift to 37,606. NSE’s Nifty50 pack added 37 points to close at 11,356, with 3

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