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NEW DELHI: Automaker Tata Motors on Tuesday sprang a surprise as it announced a consolidated loss of Rs 1,864 crore for the June quarter.

It turned out to be the worst quarterly loss in nearly nine years, according to a Bloomberg data.

Ralf Speth, Jaguar Land Rover Chief Executive, said: "We had a pre-tax loss in the first quarter, reflecting

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Mumbai: A few asset reconstruction companies and some foreign funds have shown interest in acquiring Reid - Taylor, a fashion brand that was once endorsed by Bollywood superstar Amitabh Bachchan. Lenders have received expressions of interest from Sudhir Valia-owned Suraksha ARC, Asset Reconstruction Company of India Ltd (Arcil), Invest ARC,
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Stock market update: Market in the red; these stocks plunge over 5%
NEW DELHI: Shares of InterGlobe Aviation (IndiGo) (down 9.74 per cent), Can Fin Homes (down 6.02 per cent) and India Nippon Electricals (down 5.57 per cent) plunged over 5 per cent on NSE in morning trade on Tuesday.

India's biggest airline IndiGo, reported a 97 per cent plunge in its net profit for the April-June quarter, due to a weak operating

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F O: Nifty50 again forms higher low; Vix suggests bulls in charge
By Chandan Taparia

The Nifty50 index continued its positive momentum and made a new record lifetime high of 11,366 on Tuesday.

The index has been making higher highs and higher lows for last eight sessions and every small decline is getting bought into.

Now, it has to continue to hold above 11,300 level to extend its move towards 11,400 and then

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HDFC Bank kicks off first share sale in three years
Mumbai: HDFC Bank, India’s most valuable lender, has kicked off a share sale to local as well as US-based investors late Monday evening seeking to raise a total of Rs 15,500 crore to strengthen its capital base to support its growth and expansion plans for the next few years.

The bank plans to sell shares at Rs 2,169.90 a piece — the closing price

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Buzzing stocks: Adani Power, JP Associates, Axis Bank, IndiGo
NEW DELHI: The counter of Adani Power was buzzing as the most traded stock on NSE in morning trade on Tuesday.

By 9:40 am, over 2.55 crore shares of the company had changed hands on NSE.

It was followed by Jaiprakash Associates (number of shares traded: 1.21 crore) and Idea Cellular (0.98 crore).

Reliance Communications (0.93 crore), IFCI (0.70

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Tech view: Nifty50 forms small bullish candle, 11,400 level key
NEW DELHI: The Nifty50 wiped out early losses to take its winning streak to the fourth straight session on Tuesday. In the process, it formed a fresh closing high of 11,356 and formed a small bullish candle on the daily chart.

A recovery in late trade and a shift in support towards higher levels hinted at further upside. But a host of indicators

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ET Intelligence Group: Avenue Supermarts has made it a habit of consistently beating Street estimates, likely prompting even conservative analysts to upgrade earnings forecasts for the company that runs the DMart retail chain.

Otherwise, rich valuations had made analysts cautious: According to Bloomberg data, of 14 analysts tracking DMart, eight

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Sensex drops 100 pts, Nifty50 slips below 11,300; IndiGo tanks 10%
NEW DELHI: After rallying for seven straight sessions, the domestic market took a breather on Tuesday amid heavy selling in select bluechip counters such as HDFC twins, ICICI Bank, Infosys and ITC.

At 09:22 am, the S-P BSE Sensex was trading 82 points lower at 37,413, with Axis Bank (up 2.30 per cent) being the top gainer and Vedanta (down

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Buy CESC, target Rs 1,231: Edelweiss Financial Services

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Stock market update: Realty index top sectoral gainer; HDIL, Brigade Enterprises surge up to 20%
NEW DELHI: The realty index was trading as the top gainer among the sectoral indices on NSE in morning session of Tuesday's trade.

The Nifty Realty index was trading 2.38 per cent up at 275 around 10:50 am, with Housing Development - Infrastructure (HDIL) (up 19.85 per cent) as top gainer.

Shares of HDIL surged owing to block deals. About 27.8

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Axis Bank stock could test Rs 600 post Q1 numbers
Mumbai: Axis Bank could potentially rise 5 per cent or more to Rs 600 after the private lender reported substantially lower slippages and provisioning in Q1 on Monday. At Rs 569 Monday, the stock already trades at the upper end of the Rs 500-600 trading range for the August series. The GDR traded up 3.9 per cent at $41.75 at time of writing
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Buy SKF India, target Rs 2,142: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on SKF India with a target price of Rs 2,142.

The current market price of SKF India is Rs 1,667.75.

Time period given by the brokerage is one year when SKF India price can reach the defined target.

Investment rationale by Edelweiss Financial Services:Adjusted revenue grew nearly 17 per cent YoY led by

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Share market update: Axis Bank, Kotak Mahindra Bank drag Nifty Private Bank index down
NEW DELHI: Losses in IDFC Bank (down 2.30 per cent), Axis Bank (down 1.41 per cent) and Kotak Mahindra Bank (down 1.19 per cent) were keeping Nifty Private Bank index down in morning trade on Tuesday.

The Nifty Private Bank index was trading 0.47 per cent down at 15,593 around 10:40 am.

Shares of HDFC Bank (down 0.53 per cent), ICICI Bank (down

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Bitcoin slips below $8,000 as investors step away from risk
NEW YORK: Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.

The technology index tumbled 1.79 per cent as disappointing results last week from Facebook Inc, Twitter Inc and Intel Corp spurred

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Buy Jindal Stainless (Hisar), target Rs 269: Emkay Global Financial Services

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NEW DELHI: Picking from where they had left on Friday, the bulls on Dalal Street hit a new milestone on Monday aided by heavy buying in banking, pharma and metal stocks. Better quarterly earnings, normal monsoon and a cut in GST rates added the optimism among investors.

The S-P BSE Sensex gained 157 points to shut shop at 37,494 while the

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Mumbai: JSW Steel’s decision to make a revised offer has cheered lenders who are hoping that they will see lower haircuts while resolving the Bhushan Power and Steel case, the company that is facing bankruptcy proceedings.

The move comes at a time when the two other bidders — Tata Steel and Liberty House — are involved in a legal tussle to acquire

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Hold Bharti Airtel, target Rs 356: Emkay Global Financial Services
Emkay Global Financial Services has a 'hold' call on Bharti Airtel with a target price of Rs 356.

The current market price of Bharti Airtel is Rs 390.25.

Time period given by the brokerage is one year when Bharti Airtel price can reach the defined target.

Outlook by Emkay Global:Abatement in the pace of India Wireless revenue erosion is providing

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Stock market update: PSU bank stocks mixed; SBI climbs over 1%
NEW DELHI: PSU bank stocks were trading mixed in morning trade on Tuesday.

The Nifty PSU Bank index was trading 0.61 per cent up at 3,246 around 10:25 am.

Shares of Andhra Bank (up 1.96 per cent), State Bank of India (up 1.11 per cent), Oriental Bank of Commerce (up 1.05 per cent), Allahabad Bank (up 0.76 per cent) and Punjab National Bank (up

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Share market update: Over 40 stocks hit 52-week lows on NSE
NEW DELHI: Over 40 stocks, including Apollo Hospitals Enterprise, InterGlobe Aviation, Jagran Prakashan and Kellton Tech Solutions hit 52-week lows on NSE in Monday's session.

S H Kelkar and Company, Symphony, TVS Motor Company, Unichem Laboratories and Videocon Industries also featured among stocks that touched 52-week lows on NSE.

On the other

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Auto major Tata Motors on Tuesday reported a consolidated loss of Rs 1,863.57 crore for June quarter on account of losses at its UK subsidiary JLR. Analysts in an ETNow poll had forecast a profit of Rs 1,500 crore.

The firm had reported Rs 3,199.93 crore profit in the year-ago quarter.

Revenues came in at Rs 65,956.78 crore compared with Rs

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Share price update: These stocks defy bearish market sentiment, surge up to 12%
NEW DELHI: Even as Indian equity market was in the negative territory, shares of HDIL (up 12.41 per cent), Sintex Plastics Technology (up 8.47 per cent), Nila Infrastructures (up 7.78 per cent) and Gallantt Ispat (up 7.68 per cent) were witnessing strong traction in Tuesday's morning session.

Stocks such as Hindustan Aeronautics (up 6.27 per

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Nifty seen trading in 11,100-11,500 range
By Kapil ShahTechnical analyst, Emkay Global Financial Services

The Nifty is expected to trade in the range of 11,100 to 11,500 for August series with a positive bias. It implies that the market will retain a positive trend, according to technical analysts. UBL, Petronet LNG, LIC Housing Finance, IGL - PTC can be bought for an upside potential

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Sensex gains 112 pts in late recovery, Nifty ends above 11,350 for first time
NEW DELHI: Indian stock market continued with it record-setting spree on Tuesday, as BSE benchmark Sensex rose for a eighth straight session on sustained buying in heavyweights, Reliance Industries, Hindustan Unilever and Infosys.

Sensex closed at a fresh peak of 37,606, with a gain of 112 points, or 0.30 per cent,

The NSE counterpart Nifty too

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Avenue Supermarts moves up 4%, m-cap hits Rs 1 lakh crore
NEW DELHI: Radhakishan Damani-led Avenue Supermarts climbed 4 per cent on Tuesday to hit a record high on quarterly profit push.

Avenue Supermarts, the owner of retail chain D-Mart, reported a 43.4 per cent surge in net profit at Rs 251 crore for the June quarter.

The food and grocery retailer had reported Rs 175 crore profit in the year-ago

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Stock market update: Midcaps in sync with Sensex; Max Financial, Dalmia Bharat among top losers
NEW DELHI: The midcaps were trading in sync with benchmark Sensex in Monday's trading session.

Around 10:55 am, the BSE Midcap index was 0.06 per cent down at 15902, while the BSE Sensex was 0.09 per cent down at 37,302.

Shares of Bharat Electronics (BEL) (up 5.23 per cent), Bank of India (up 4.34 per cent), IDFC Bank (up 4.07 per cent), Vakrangee

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NEW DELHI: Vedanta on Tuesday reported a 2 per cent rise in consolidated net profit at Rs 1,533 crore (attributable to owners), which fell short of Rs 1,997 crore estimated by analysts in an ETNow poll.

Consolidated sales for the quarter rose 15 per cent YoY at Rs 22,206 crore, which was higher than Rs 20,380 crore estimated in an ET Now poll.

“We

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InterGlobe Aviation tumbles 10% as Q1 profit dives 97%
NEW DELHI: InterGlobe Aviation plunged nearly 10 per cent on Tuesday after India’s biggest airline IndiGo reported a 97 per cent plunge in net profit for the June quarter.

Profit stood at Rs 27.80 crore, hurt by adverse impact of foreign exchange, high fuel prices and a competitive fare environment.

The aviation company had reported Rs 811.10

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Share market update: Smallcaps outperform Sensex; Gati, Rolta India among top gainers
NEW DELHI: The BSE Smallcap index was outperforming benchmark Sensex in Monday's trading session.

Around 10:50 am, the smallcap index was 0.27 per cent up at 16,494, while the Sensex was 0.07 per cent down at 37,310. The Nifty50 was 0.03 per cent down at 11,275 around that time.

Shares of Schneider Electric Infrastructure (up 12.64 per cent),

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