StockMarket

US economy records fastest growth since 2014

The US economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though expansion is projected to cool.

The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It followed

Details: Category: Stock Market; Published: 28 July 2018

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Oil-to-telecom behemoth Reliance Industries on Friday posted 3.85 per cent rise in net profit at Rs 9,459 crore for the quarter ended June. It had posted a net profit of Rs 9,108 crore in the corresponding quarter last year.

ETNow poll had predicted a profit of Rs 9,554 crore for the quarter under review.

Consolidated revenue from operation

Details: Category: Stock Market; Published: 27 July 2018

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Tech view: Nifty50 forms a Bullish Marubozu; this rally has more legs

NEW DELHI: The Nifty50 made a fresh record closing high of 11,278 on Friday and formed a bullish candle similar to the 'Bullish Marubozu' pattern on the daily and weekly scales.

The gains seen on the first day of the August F-O series and the fact that the daily strength indicator is still away from the overnight zone may instil further

Details: Category: Stock Market; Published: 27 July 2018

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PNB MetLife plans to sell 24.64% via IPO

MUMBAI:Shareholders of PNB Metlife Life Insurance Company plans sell 24.64% in an IPO that will raise ₹2,000 crore-2,500 crore and value the firm at about ₹10,000 crore.

PNB Metlife will become the fourth life insurer to list on the bourses after it filed the draft red herring prospectus with Sebi. It will offer up to 495,898,076 equity shares of

Details: Category: Stock Market; Published: 28 July 2018

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ICICI Bank on Friday posted a net loss of Rs 119.55 crore for the quarter ended June against profit of Rs 2,049 crore in the corresponding quarter last year.

Provisions of the private sector lender jumped 128.86 per cent YoY to Rs 5971 crore for the quarter under review.

Asset quality of the lender improved with percentage of gross non-performing

Details: Category: Stock Market; Published: 27 July 2018

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F O: Chart patterns show bulls have a tight grip on the market

By Chandan TapariaThe Nifty50 index opened with a gap up on Friday, witnessed sustained buying throughout the session and made a new record high at 11,283.

The 50-pack has been making higher highs and higher lows since last six sessions and formed a Bullish Candle similar to a Bullish Marubozu pattern on the daily as well as weekly charts, which

Details: Category: Stock Market; Published: 27 July 2018

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Reliance Retail Q1 pre-tax profit jumps over 3-fold to Rs 1,206 crore

NEW DELHI: Reliance Retail on Friday reported a more-thanthreefold jump in profit before depreciation, interest and tax (PBDIT) for the first quarter. The retail unit of Reliance Industries reported a ₹1,206 crore PBDIT for the three months through June, compared with ₹398 crore a year earlier.

Revenue more than doubled to ₹25,890 crore from ₹

Details: Category: Stock Market; Published: 28 July 2018

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Bank of Baroda Q1 profit more than doubles to Rs 528 crore; provisions slump

NEW DELHI: State-run Bank of Baroda on Friday said its profit more than doubled to Rs 528.26 crore in June quarter. The lender had reported Rs 203.39 crore profit in the year-ago period.

Interest earned for the quarter rose to Rs 11,639.88 crore from Rs 10,552.71 crore in the same quarter last year. The bank said it made Rs 2,165.64 crore in

Details: Category: Stock Market; Published: 27 July 2018

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Historic highs: Sensex closes above 37,000, Nifty tops 11,250

NEW DELHI: Earnings optimism played out in full force in stocks today as the Sensex closed above the 37,000 mark for the first time and Nifty broke through the 11,200 level.

The stellar show came on widespread buying led by consumption and capital goods sectors. In the process, the August series of derivatives contracts got off to a dream start.

Details: Category: Stock Market; Published: 27 July 2018

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Reliance Jio Infocomm posts third straight quarterly profit

NEW DELHI: Reliance Jio Infocomm reported its third straight profitable quarter, with a 20% expansion sequentially in the bottom line for the April-June period on the back of strong user additions and increased data usage.

The Mukesh Ambani-controlled company, which has upended the market since its entry in September 2016 with cheap mobile

Details: Category: Stock Market; Published: 28 July 2018

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NEW DELHI: The bulls on Dalal Street signed off the week on a strong note on Friday, as heavy buying in ITC, RIL, ICICI Bank and HDFC twins lifted benchmark indices to new lifetime peaks.

The S-P BSE Sensex hit a record closing high for 21st time in 2018, while the Nifty50 hit it for the 15th time. FMCG major ITC alone contributed 129.74

Details: Category: Stock Market; Published: 27 July 2018

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Stock market update: These stocks surged up to 16% on NSE on Friday

NEW DELHI: Shares of IL-FS Transportation Networks (up 16.15 per cent), Rites (up 15.89 per cent) and Shriram EPC (up 13.67 per cent) surged up to 16 per cent on NSE on Friday, mirroring bullish market sentiment.

Techno Electric - Engineering Company (up 10.98 per cent), NACL Industries (up 10.36 per cent), Inox Wind (up 10.24 per cent),

Details: Category: Stock Market; Published: 27 July 2018

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Paytm shifts payments bank CEO Renu Satti to new COO role

Mumbai - Bengaluru: Paytm has shifted its CEO of 15 months in its payments bank to a new role within the organisation leaving the fledgling enterprise headless for the second time in just over a year.

Renu Satti, an old hand and CEO of Paytm Payments Bank, will be the new chief operating officer of ‘New Retail’ which essentially will help con

Details: Category: Stock Market; Published: 28 July 2018

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HCL Tech Q1 revenue grows 2.7%, higher than Wiprotop line

Bengaluru: HCL Technologies said first-quarter revenue rose 2.7% sequentially in constant currency and beat rival Wipro in terms in quarterly revenue in the period.

For the quarter ended June 30, HCL Technologies reported revenue of $2.05 billion Wipro reported IT services revenue of $2.02 billion. At the end of the year, HCL Tech will likely

Details: Category: Stock Market; Published: 27 July 2018

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Share market update: ITC, HDFC among stocks that touched 52-week highs on Friday

NEW DELHI: As many as 24 stocks, including HDFC, ITC, Bajaj Finserv, Bata India, Bharat Financial Inclusion and Cigniti Technologies, hit 52-week highs on NSE on Friday.

Indiabulls Ventures, L-T Technology Services, Marico and Muthoot Capital Services also featured among the stocks that touched 52-week highs today.

Earnings optimism boosted

Details: Category: Stock Market; Published: 27 July 2018

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With $2 billion Q1 revenue, HCL Tech beats Wipro

BENGALURU: HCL Technologies said first-quarter revenue rose 2.7% sequentially in constant currency and beat rival Wipro in terms in quarterly revenue in the period. For the quarter ended June 30, HCL Technologies reported revenue of $2.05 billion. Wipro reported IT services revenue of $2.02 billion. At the end of the year, HCL Tech will likely

Details: Category: Stock Market; Published: 28 July 2018

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Bengaluru: HCL Technologies said first-quarter revenue rose 2.7% sequentially in constant currency and beat rival Wipro in terms in quarterly revenue in the period.

For the quarter ended June 30, HCL Technologies reported revenue of $2.05 billion Wipro reported IT services revenue of $2.02 billion. At the end of the year, HCL Tech will likely

Details: Category: Stock Market; Published: 27 July 2018

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Share market update: RIL, IOC keep oil gas index up

NEW DELHI: Shares of Castrol India (up 5.15 per cent), Oil India (up 2.19 per cent), Reliance Industries (RIL) (up 1.91 per cent) and Indian Oil Corporation (IOC) (up 1.86 per cent) were trading up in afternoon trade on Friday.

The BSE Oil - Gas index was trading 1.02 per cent up at 14,740 around 01:20 pm.

HPCL (up 1.42 per cent), GAIL

Details: Category: Stock Market; Published: 27 July 2018

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ICICI Bank reports first quarterly loss at Rs 120 crore

MUMBAI: ICICI Bank slumped to a historic loss in the quarter ended June 2018 due to a rise in provisions as the bank set aside more money to comply with the Reserve Bank of India (RBI) guidelines on old nonperforming assets (NPAs) referred to the bankruptcy courts. However, the pace of bad loan creation for the bank slowed, signalling an

Details: Category: Stock Market; Published: 28 July 2018

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Buy Larsen Toubro, target Rs 2,050: Edelweiss Financial Services

Edelweiss Financial Services has a buy call on Larsen - Toubro with a target price of Rs 2,050.

The current market price of Larsen - Toubro is Rs 1,311.40.

Time period given by the brokerage is one year when Larsen - Toubro price can reach the defined target.

Investment rationale by Edelweiss Financial Services-Growth and

Details: Category: Stock Market; Published: 27 July 2018

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Stock market update: Telecom stocks jump up to 4%; RCom, Bharti Airtel among top gainers

NEW DELHI: Most telecom stocks, including Tata Teleservices (Maharashtra) (up 4.20 per cent), Sterlite Technologies (up 3.96 per cent) and Aksh Optifibre (up 2.89 per cent), were trading in the positive territory in Friday's session.

The BSE Telecom index was trading 1.03 per cent up at 1,153 around 01:10 pm.

Shares of ITI (up 1.85 per cent), GTL

Details: Category: Stock Market; Published: 27 July 2018

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MUMBAI: Reliance Industries, India’s second most valuable company, reported a consolidated net profit of ₹9,459 crore in the quarter ended June, up 17.9% year-on-year, fuelled by its petrochemical and consumer businesses. The conglomerate, with interests in businesses as diverse as telecom, retailing and oil refining, saw its revenue rise 9.7% to ₹

Details: Category: Stock Market; Published: 28 July 2018

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Buy Century Plyboards (India), target Rs 315: Edelweiss Financial Services

Edelweiss Financial Services has a buy call on Century Plyboards (India) with a target price of Rs 315.

The current market price of Century Plyboards (India) is Rs 249.50.

Time period given by the brokerage is one year when Century Plyboards (India) price can reach the defined target.

"Century Plyboards’ (CPBI) Q1FY19 operational numbers came b

Details: Category: Stock Market; Published: 27 July 2018

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Share market update: Smallcap index up 1%; Shriram EPC among top gainers

NEW DELHI: The BSE Smallcap index was trading nearly 1 per cent up at 16,459 around 12:55 pm on Friday.

The BSE Sensex was 0.86 per cent up at 37,302, while the NSE Nifty50 was 0.77 per cent up at 11,253 around that time.

IL-FS Transportation Networks (up 14.48 per cent), Shriram EPC (up 14.14 per cent), Madhucon Projects (up 9.96 per cent),

Details: Category: Stock Market; Published: 27 July 2018

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NEW DELHI: Reliance Industries (RIL) on Friday posted a record quarterly profit at Rs 9,459 crore for the quarter ended June 30 on the back of near doubling of earnings from mainstay petrochemical business.

“We continue to focus on strong delivery through operational excellence in our portfolio of businesses. Financial results of 1Q FY19 u

Details: Category: Stock Market; Published: 27 July 2018

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Buy Arvind, target Rs 515: Edelweiss Financial Services

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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