StockMarket

HDFC Q1 results today; Herewhat to look for
India's biggest mortgage financier Housing Development Finance Corporation (HDFC) is all set to announce its financial results for the June quarter on Monday.

According to Kotak Institutional Equities, HDFC is likely to post a 44.70 per cent rise in adjusted profit after tax at Rs 2,250.60 crore for April-June.

The company had made a net profit

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Buzzing stocks: ICICI Bank, SBI, RIL, BoB
NEW DELHI: ICICI Bank, with over 1.53 crore shares changing hands, was leading the pack of most traded stocks on NSE in morning trade on Monday.

It was followed by Bank of Baroda (BoB) (number of shares traded: 0.99 crore), State Bank of India (0.96 crore), Suzlon Energy (0.92 crore), Punjab National Bank (0.71 crore) and Reliance Industries (0.38

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RBI meet, Q1 earnings among 8 key factors that may guide market next week
NEW DELHI: The domestic equity market had a terrific run last week, as it scaled fresh lifetime high. However, only select largecaps lifted the equities higher while broader market continued to struggle.

A better-than-expected quarterly numbers from companies, including ITC, Colgate-Palmolive, JSW Steel, YES Bank, Biocon and Dr Reddy's nudged the

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Stock market update: Private bank stocks mixed; ICICI Bank up, but HDFC Bank down
NEW DELHI: Private bank stocks were trading mixed during morning trade on Monday.

Shares of IDFC Bank (up 3.18 per cent), ICICI Bank (up 1.52 per cent), South Indian Bank (up 0.83 per cent), Axis Bank (up 0.69 per cent) and Federal Bank (up 0.11 per cent) were trading up.

On the other hand, RBL Bank (down 1.43 per cent), Kotak Mahindra Bank (down

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The stock market on Friday traded on stable lines, as the NSE benchmark Nifty continued to inch higher and gave a breakout from a major double top formation, which had an important resistance at 11,170-11,175 levels.

The index ended with a decent gain of 111.05 points or 0.99 per cent, with significant addition in open interest, indicating good

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Time is ripe for second RBI rate hike as inflation risks mount
By Kartik Goyal and Anirban NagIndia’s central bank is on course to raise interest rates for a second consecutive policy meeting as it takes more decisive steps to rein in inflation and stem capital outflows.

With inflation running well above the central bank’s medium-term target of 4 percent -- and the outlook set to worsen as oil prices stay

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ICICI Bank stock shrugs off Q1 losses; brokerages bullish
ICICI Bank rallied as much as 3 per cent early Monday even as the lender reported its first ever quarterly loss.

On Friday, it reported a net loss of Rs 120 crore on a standalone basis for the first quarter of 2018-19 due to additional provisions on existing non-performing assets (NPAs).

The lender had made a net profit of Rs 2,049 crore during

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JK Cement gets shareholders' nod to raise Rs 500 cr via NCDs
New Delhi: JK Cement today announced that its shareholders have approved plan to raise up to Rs 500 crore through issuance of non-convertible debentures on private placement basis.

The special resolution was approved by the shareholders at the company's annual general meeting held on July 28.

The special resolution pertains to "issuance of private

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The area around Sussex Industrial Estate in Mumbai’s Byculla is a maze. While it is close to four suburban railway stations and Gloria Church is a local landmark, finding an address in the lanes of this area can be a nightmare for both pedestrians and GPS-armed taxis.

However, stockbroker and investor Chirag Parekh prefers to base his office in

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Share market update: PSU bank stocks soar up to 8%; BoB, PNB, SBI play ball
NEW DELHI: Boosting the sectoral index, most PSU bank stocks were trading with gains in morning trade on Monday ahead of RBI policy meet beginning today.

The Nifty PSU Bank index was trading 2.71 per cent up at 3,177 around 10:20 am, with Bank of Baroda (up 8.20 per cent) surging over 8 per cent.

Bank of Baroda's net profits more than doubled in

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26% of RIL Q1 topline, 21% pre-tax profit come from consumer business
Mumbai: With Reliance Industries netting as much as 26 per cent of its Rs 1,41,699 crore revenue and 21 per cent of its pre-tax profit from the retail and telecom verticals in the June quarter, chairman Mukesh Ambanis plan to convert the oil-to-telecom conglomerate into a consumer company over the next decade may be closer than the target.

During

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Persistent Systems Q1 profit up 16.3%
Pune based IT firm Persistent Systems reported a net profit of Rs87.34cr for the quarter ended 30th June, 2018, up 16.3% as compared to the corresponding quarter last year. The revenue for the period was up 14.6% at Rs 834.2cr. In dollar terms, the revenue went up by 9.4% at $123.6mn. EBITDA for the quarter improved 34.2% at Rs140 cr

The board

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10 money making ideas that analysts say can give solid returns in 3 weeks10 money making ideas that analysts say can give solid returns in 3 weeks10 money making ideas that analysts say can give solid returns in 3 weeks
10 money making ideas that analysts say can give solid returns in 3 weeks
The bulls took charge of the benchmark equity indices last week, with the NSE Nifty index and BSE Sensex advancing over 2 per cent each for the week ended July 27.

The 50-share Nifty index jumped 268 points to 11,278 on July 27 from 11,010 on July 20, while the Sensex gained 840 points to 37,336 from 36,496 during the same period.

“The Nifty50 a

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HDFC awarded best performing lending institution in CLSS schemes
Leading mortgage lender HDFC on Sunday was awarded the best performing primary lending institution in credit linked subsidy scheme ( CLSS) for the EWS (Economically Weaker Section) and LIG (Low Income Group) category.

The award was given by Prime Minister NarendraModi, the company said in a press release.

“Urbanisation in India has been i

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NTPC reports 1% drop in Q1 net profit at Rs 2,588 crore; margin expands to 26.3%
NEW DELHI:NTPC on Saturday reported a 1.15 per cent year-on-year (YoY) drop in net profit at Rs 2,588.14 crore for the June quarter.

The largest power utility company in India had reported Rs 2,618.17 crore profit for the year-ago quarter.

Net sales for the quarter rose 14.21 per cent to Rs 22,703.60 crore compared with Rs 19,879.32 crore in the

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10 money making ideas that analysts say can give solid returns in 3 weeks10 money making ideas that analysts say can give solid returns in 3 weeks10 money making ideas that analysts say can give solid returns in 3 weeks
10 money making ideas that analysts say can give solid returns in 3 weeks
The bulls took charge of the benchmark equity indices last week, with the NSE Nifty index and BSE Sensex advancing over 2 per cent each for the week ended July 27.

The 50-share Nifty index jumped 268 points to 11,278 on July 27 from 11,010 on July 20, while the Sensex gained 840 points to 37,336 from 36,496 during the same period.

“The Nifty50 a

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TCNS Clothing to list on bourses on Monday
TCNS Clothing is scheduled to get listed on BSE and NSE on Monday.

The initial public offer (IPO) of the women's apparel maker was subscribed 5.27 times overall.

The Rs 1,125-crore public offer received bids for 5,79,79,780 shares against the total issue size of 1,09,99,828, data available with the NSE showed.

The category reserved for qualified

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The week in 10 stocks: ITC, Bajaj Finservdream run and other stories
NEW DELHI: Easing global crude prices, a recovery in the rupee, optimism over the political stability after the BJP's strong show in the no-confidence vote and string rollovers to August F-O series pushed the domestic benchmark indices to record high levels last week. No big earnings disappointment from blue chip firms also cheered market
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Stock market update: Market trades up; these stocks surge 10%
NEW DELHI: Shares of Schneider Electric Infrastructure (13.06 per cent), Rolta India (10.48 per cent) and Gati (10 per cent) surged 10 per cent in morning trade on Monday, mirroring positive market sentiment.

Bank of Baroda (9.07 per cent), Andhra Sugars (8.15 per cent), BEML (7.24 per cent), Lumax Auto Tech (6.92 per cent), Muthoot Capital (6.88

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NEEPCO IPO likely in Jan-Mar quarter; FinMin appoints merchant bankers
New Delhi: The finance ministry is planning to divest up to 25 per cent stake in power producer NEEPCO through an initial public offering in January-March quarter, an official said.

The ministry has selected 3 merchant bankers -- Elara Capital, Karvy Investor Services Ltd and Equirus Capital -- for managing the initial public offering (IPO) and

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The week gone by saw the broader market stabilise even as some of the lagging sectors showed an improvement and posted gains. On anticipated lines, the Nifty tested its previous lifetime high and ended at a fresh lifetime closing high, putting on decent gains. The benchmark Nifty50 index ended with a gain of 268.15 points, or 2.44 per cent, on a
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TCNS Clothing makes dull debut, lists flat at Rs 715 on BSE
NEW DELHI: TCNS Clothing on Monday made a tepid market debut, as the scrip got listed at Rs 715 on BSE, 0.14 per cent discount to its issue price of Rs 716. The company retails its products through large format stores, such as Pantaloons, Shoppers Stop and Lifestyle, among others.

At the issue price, the stock was available at 44.8 times FY18

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By Simon Kennedy and Alexandra HarrisPeople charged with running or monitoring the world economy are set for a busy week before those in the Northern Hemisphere get to enjoy their summer vacations.

Central bankers in the U.S., Japan, the U.K., Brazil and India all meet to set their respective monetary policies at a time when Eric Oynoyan, senior

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IT back in focus on D-Street, will the latest surge in stocks sustain
By DK Aggarwal

The information technology sector has witnessed a change in its traditional business model with the share of inheritance business coming down with each passing year. The nature of business of the IT companies has changed and digitisation and automation have led to a change of dynamics. India is quickly becoming one of the world's

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Share market update: These stocks crack up to 5% despite positive market mood
NEW DELHI: Shares of RPG Life Sciences (down 5.67 per cent), Shriram EPC (down 4.88 per cent) and Johnson Controls-Hitachi Air Conditioning India (down 4.73 per cent) plunged up to 5 per cent on NSE in morning trade on Monday in an otherwise positive market.

Shares of Info Edge (down 4.23 per cent), Godawari Power (down 3.76 per cent), Tata

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FPIs net inflow at Rs 1,800 crore in equities in July
New Delhi: Foreign investors have put in over Rs 1,800 crore in the Indian equity markets so far in July after pulling out massive funds in the preceding month.

The latest inflow comes after such investors had taken out more than Rs 20,000 crore from the stock market during April-June.

According to the latest depository data, foreign portfolio

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Facebook dive sparks investor calls to loosen Zuckerberg's grip
By Gerrit De Vynck and Emily Chasan

Facebook Inc. has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares. Some investors grumbled, but most were happy to stay quiet as the stock surged. This week’s plunge upended that dynamic, increasing calls for

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Sensex gains nearly 100 pts, Nifty50 scales 11,300 for first time
Benchmark indices hit fresh record highs in early trade on Monday, lifted by buying in shares of ICICI Bank and Reliance Industries that came out with better-than-expected earnings last week.

At 9.24 am, the BSE Sensex was trading 71.56 points, or 0.19 per cent, higher at 37,408.41. The index hit an all-time high of 37,496.80 in opening trade.

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Seven of top 10 firms add Rs 79,929 crore in m-cap; ITC shines
New Delhi: Seven of the 10 most valued companies together added Rs 79,929 crore in market capitalisation last week in tandem with an overall bullish trend on Dalal Street, with ITC emerging as the biggest gainer.

Barring Tata Consultancy Services (TCS), Maruti Suzuki and Kotak Mahindra Bank, rest seven companies, including RIL, HDFC Bank, HDFC and

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The domestic equity market witnessed a euphoric rally, albeit a fractured one, in recent times, making everyone envy about not owning largecap stocks. Typically, this is called the Fifth Wave in terms of Elliott Wave theory, when there is a large divergence in the market breadth. Factually, only 54 per cent of the total stocks are trading above
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