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Tech view: Nifty charts show it may pause before the next leap
NEW DELHI: The Nifty50 on Tuesday climbed half-a-per cent to take out its immediate hurdle at 11,130 level to open doors for potential upside towards its record intraday high of 11,171.

However, some analysts said the ongoing momentum of the market may slow down a bit in the coming sessions.

For the day, the index rose 49.55 points, or 0.45 per

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Stock market update: HPCL, IOC keep oil gas index up
NEW DELHI: Shares of Petronet LNG (up 1.99 per cent), HPCL (up 1.96 per cent), Indian Oil Corporation (IOC) (up 1.11 per cent) and BPCL (up 1.04 per cent) were trading with gains, keeping the oil - gas index up in Tuesday's session.

Shares of oil marketing companies rose amid a fresh fall in global crude oil prices on concerns of a glut in

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Idea stock up as company clears DoT dues on way to Voda merger
NEW DELHI: Shares of Idea Celular jumped as much as 17.75 per cent to Rs 62 a piece on the BSE in the afternoon trading hours on Tuesday, on the back of the telco and Vodafone India clearing their dues of Rs 7,268 crore with the telecom department, which paves the way for their merger.

On Monday, Vodafone India and Idea Cellular paid the

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Sensex, Nifty end at fresh record highs; metal, auto shine
NEW DELHI: Frontline indices Sensex and Nifty closed at fresh record highs on Tuesday, buoyed by gains in metal, auto and financial stocks amid positive global cues.

The domestic stocks rallied for a third consecutive day, in line with global market, which too climbed for a third day in the row after China indicated that Beijing would take steps

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JBF Industries rallies 5% on likely capital infusion
NEW DELHI: JBF Industries rallied 5 per cent today after ET reported that private equity firm KKR is likely to infuse more capital into the company as part of a debt restructuring proposal.

The funds infusion could prevent lenders from taking the troubled polyester firm to the bankruptcy court.

The scrip locked in upper circuit of 5 per cent at

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Standard Chartered Bank lends Rs 3,500 crore to Vedanta
MUMBAI: Standard Chartered Bank has opened a credit line of Rs 3,500 crore for Vedanta to help finance the purchase of Electrosteel, the second biggest bad loans resolution under the Insolvency and Bankruptcy Code (IBC).

The loan is for 10 years and Vedanta has given a guarantee, two people familiar with the matter told ET. The bank is said to

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Hexaware Technologies PAT up 25.4%
PUNE: IT services firm Hexaware Technologies reported a profit after tax of Rs153.6cr for the second quarter of 2018, up 14.3 per cent sequentially and 25.4 per cent year on year. The company reported revenues of Rs 1136.7 cr, up 8.4 per cent sequentially and 15.4 per cent YoY. In dollar terms, constant currency revenue was at $169.8 Mn, up 4.7
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Share market update: Idea Cellular surges 15%, boosts BSE Telecom index
NEW DELHI: Strong gains in the shares of Idea Cellular (up 14.91 per cent) gave a boost to BSE Telecom index in Tuesday's trade.

The BSE Telecom index was trading 2.51 per cent up at 1,157 around 12:30 pm.

Shares of Idea Cellular surged on the back of the telco and Vodafone India clearing their dues of Rs 7,268 crore with the telecom department,

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Asian Paints' Q1 results today: What to track
NEW DELHI: Asian Paints is likely to report a double-digit growth in bottom line for the quarter to June on Tuesday.

Kotak Institutional Equities believes that the company may post 26.20 per cent year-on-year (YoY) rise in net profit while net sales may increase 16.30 per cent annually.

The stock was up 0.37 per cent at Rs 1,439 ahead of its

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Asian Paints Q1 profit jumps 31% YoY to Rs 558 crore, beats Street estimates
Asian Paints on Tuesday posted 30.56 per cent rise in consolidated profit at Rs 558.02 crore for the quarter ended June 2018. It has posted a net profit of Rs 427.41 crore in the corresponding quarter last year.

ETNow poll had predicted a net profit of Rs 521 crore.

Consolidated revenue from operations increased to Rs 4,398.59 crore in Q1FY19 over

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Stock market update: Power stocks light up; BHEL, Suzlon Energy surge over 4%
NEW DELHI: Most power stocks were looking bright in afternoon session on Tuesday.

The BSE Power index was trading 0.91 per cent up at 1,937 around 12:20 pm, with BHEL (up 4.47 per cent) as the top gainer.

Suzlon Energy (up 4.44 per cent), CESC (up 3.50 per cent), KEC International (up 2.59 per cent), ABB India (up 2.53 per cent), NHPC (up 2.37 per

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Share market update: Cement stocks surge up to 14%; ACC, India Cement among top gainers
NEW DELHI: Most cement stocks were trading in green in morning trade on Tuesday, a day after the homegrown cement maker ACC Cement posted an almost flat set of earnings for the quarter ending June, 2018.

Many brokerages, including CLSA and HSBC, are positive on ACC, terming the earnings as ahead of consensus estimates.

The profit of the company

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Neutral on NIIT Technologies, Rs 1100: Motilal Oswal

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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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End of provisioning cycle, strong Q1 show lift L T Finance stock
ET Intelligence Group: The stock of L-T Finance Holdings gained 10% on Monday after the non-banking financial company declared its provisioning journey to be complete by allocating additional funds towards stressed assets. It also reported robust numbers for the June 2018 quarter reaffirming commitment towards improving profitability and asset
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Stock market update: Nifty Metal top sectoral gainer; Jindal Steel, Hindalco jump 4%
NEW DELHI: Metal - mining counters were witnessing decent buying during Tuesday's session.

The Nifty Metal index was trading as the top gainer among the sectoral indices on NSE. The index was 2.45 per cent up at 3,216 around 11 am.

Shares of Jindal Steel - Power (up 4.45 per cent), Nalco (up 4.01 per cent), Hindalco Industries (up 3.62 per

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Wipro share price: Hold Wipro, target Rs 278: IDBI Capital - The TheIndianSubcontinent

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Top intraday trading ideas for afternoon trade for Tuesday, 24 July 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in positive terrain around 12 pm on Tuesday on buying in auto, metal and bank stocks.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.comEquitas Holdings is a 'Buy' call with a

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Share market update: Sugar stocks zoom up to 15% amid tight supply
NEW DELHI: Most sugar stocks were trading with decent gains in morning trade on Tuesday amid a limited supply of sugar in the market.

Shree Renuka Sugars (up 14.83 per cent), Rana Sugars (up 9.55 per cent), Uttam Sugar Mills (up 8.82 per cent), K.M.Sugar Mills (up 8.72 per cent) and Bajaj Hindusthan (up 8.33 per cent) were trading with strong

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Buy HDFC Bank, target Rs 2600: IDBI Capital
HDFC Bank share price: Buy HDFC Bank, target Rs 2600: IDBI Capital - The TheIndianSubcontinent

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Shankar Sharma says smallcap pain technical, not fundamental
NEW DELHI: The BSE Sensex may have scaled a fresh all-time high in early trade on Tuesday, but that has not done much to assuage the pain in smallcap stocks, which have witnessed a severe correction this calendar.

The BSE Smallcap index is down 18 per cent year to date, against a 12.5 per cent drop in the BSE Midcap index and an 8.5 per cent surge

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NEW DELHI: India’s headline equity indices scaled record highs on Monday, even though the top guns, such as HDFC Bank, Reliance Industries, Wipro and Bajaj Auto, failed to fire.

Even as the 50-share Nifty gained 74 points to end at a six-month high of 11,084, less than 100 points shy of its all-time high, momentum indicator moving average

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ICICI Bank appoints Sandeep Batra as president
ICICI Bank today announced SandeepBatra as its new President - Corporate Centre, with effect from July 12. Batra was earlier ED at Prudential Life Insurance.

He will handle the key portfolio of NS Kannan, ETNow has learned from sources.

Kanan, ED of ICICI Bank, has now taken over as MD and CEO of ICICI Prudential Life Insurance.

Batra will directly

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ET Intelligence Group: Bajaj Auto's aggressive rates to wrest back regional market share has actually altered the dynamics of the regional two-wheeler industry, where competitors is intensifying at major cost points. The profits outlook for two-wheeler makers has become rather dim after Bajaj Auto, in a post-earnings teleconference, indicated that it is
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Stock market update: IT index lone sectoral loser; Wipro, HCL Tech slip up to 1%
NEW DELHI: While the equity market was reflecting positive sentiment and most sectoral indices were trading with gains, Nifty IT was the odd man out in morning trade on Tuesday, trading as the solitary loser on NSE.

The Nifty IT index was trading 0.18 per cent down at 14,657 around 10:30 am.

Shares of Wipro (down 1.07 per cent), HCL Technologies

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Rakesh Jhunjhunwalarole model in life and the one man he really admires
NEW DELHI: Big Bull Rakesh Jhunjhunwala says he considers the Tatas his role model in life, and is in awe of Tata Sons’ Chairman Natarajan Chandrasekaran, who he says is god’s gift to the House of Tata.

In an exclusive interview with ET Now, Jhunjhunwala said he was the first person to defend Ratan Tata in the whole Mistry-Tata dispute.

He said

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Yuanfall to hit Indian metal companies& pricing power
ET Intelligence Group: Until about a couple of weeks ago, metal analysts had generally backed local producers to make money for investors despite the sharp recent cuts in stock prices. For them, the pronounced slide was less structural than transitory, masking the likely effects of competitive currency devaluation by the ‘factory to the world’.

But

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Share market update: YES Bank, Axis Bank weigh on Nifty Private Bank index
NEW DELHI: Private bank stocks IDFC Bank (up 1.33 per cent), South Indian Bank (up 0.81 per cent) and Federal Bank (up 0.74 per cent) were trading up in morning trade on Tuesday.

Shares of RBL Bank (up 0.61 per cent), IndusInd Bank (up 0.61 per cent), Kotak Mahindra Bank (up 0.37 per cent) and HDFC Bank (up 0.24 per cent) too were in the positive

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Share market update: Capital goods stocks up; Finolex Cables, NBCC among top gainers
NEW DELHI: Most capital goods stocks were trading in the positive territory in afternoon trade on Tuesday.

The BSE Capital Goods index was trading 1.58 per cent up at 17,988 around 12:55 pm.

Finolex Cables (up 5.30 per cent) was the top gainer in the capital goods index.

Kalpataru Power Transmissions (up 4.61 per cent), NBCC (India) (up 4.23 per

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Stock market update: Auto stocks move higher; Eicher Motors, Maruti climb up to 2%
NEW DELHI: Most auto stocks were moving higher in Tuesday's session, giving a boost to the sectoral index.

The BSE Auto index was trading 1.27 per cent up at 24,343 around 11:4 am, with Bosch (up 4.02 per cent), Ashok Leyland (up 3.03 per cent), Cummins India (up 2.43 per cent) and Eicher Motors (up 2.31 per cent) as the top gainers.

Shares of

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Narendra Modi will return to power in 2019, says Big Bull Rakesh Jhunjhunwala
NEW DELHI: Big Bull Rakesh Jhujhunwala says he expects Prime Minister Narendra Modi to come back to power in 2019, even though he finds it difficult to predict what the exact outcome would be.

In an exclusive interview with ETNow, Jhunjhunwala said he felt the market was more bearish on Modi's comeback prospects than what it should be.

"I cannot

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