StockMarket

Bad loan AMCs may see inflows of $10 billion from global investors
Mumbai: About $10 billion is set to flow into India after New Delhi proposed setting up independent asset management companies (AMCs) to quickly resolve bad assets, stoking interest among global financing experts such as Oaktree Capital, Bain Capital, and Altico.

With India’s lending industry battling to extricate $210 billion stuck in bad loans,

Details
Category: Stock Market

Write comment (96 Comments)

50-60% of midcap correction already over: Rakesh Jhunjhunwala
NEW DELHI: Ace investor Rakesh Jhunjhunwala on Monday said the Indian stock market is not in a bearish phase and is consolidating before it enters the second phase of rally.

The Warren Buffett of India, as he is also known as, told ET Now that it is not necessary that midcaps should trade at a discount to largecaps.

Midcaps have seen tremendous

Details
Category: Stock Market

Write comment (98 Comments)

Dollar dips, stocks slip on Donald Trump's remarks
SYDNEY: The dollar declined on Monday against major currencies to its lowest in more than two weeks after US President Donald Trump criticised the Federal Reserve's tightening policy, while stocks slipped on fears of further trade protectionist measures.

Trump, on Friday, lamented the recent strength of the US dollar and accused the European Union

Details
Category: Stock Market

Write comment (90 Comments)

Stock market update: Nifty FMCG top sectoral gainer; ITC surges 4%
NEW DELHI: The Nifty FMCG index was trading as the top sectoral gainer on NSE in morning trade on Monday.

Around 10:50 am, the FMCG index was trading 2.04 per cent up at 29,879, buoyed by gains in ITC (up 4.01 per cent) and Godrej Consumer Products (up 3.11 per cent).

Shares of ITC surged after the GST council in its meet on Saturday did not

Details
Category: Stock Market

Write comment (95 Comments)

Sensex jumps 50 pts, Nifty50 above 11,000; UPL surges 6%
NEW DELHI: Headline indices Sensex and Nifty opened with decent gains on Monday. At 09:18 am, the S-P BSE Sensex was trading 63 points higher at 36,564 with Asian Paints (up 4 per cent) being the top gainer and Wipro (down 4 per cent) the worst laggard.

The broader Nifty50 index of National Stock Exchange (NSE) was trading 28 points higher at

Details
Category: Stock Market

Write comment (93 Comments)

Stocks in focus: UPL, HDFC Bank, GST-linked stocks and ICICI Securities among top stocks to track today
NEW DELHI: Domestic stocks are likely to see a positive opening on Monday, tracking Nifty futures on Singapore Stock Exchange (SGX). Asian stocks slipped in the early trade following US President Donald Trump's remarks on Federal Reserve’s tightening policy. At 08:02 am, the Nifty futures of SGX traded 19 points or 0.17 per cent higher at 11,040.

H

Details
Category: Stock Market

Write comment (93 Comments)

Share market update: IndusInd Bank, ICICI Bank keep Nifty Private Bank index in the green
NEW DELHI: Gains in IndusInd Bank (up 1.25 per cent), ICICI Bank (up 1.19 per cent) and IDFC Bank (up 0.95 per cent) were keeping the Nifty Private Bank index in the green in morning session of Monday's trade.

However, losses in South Indian Bank (down 16.44 per cent), RBL Bank (down 1.41 per cent) and HDFC Bank (down 0.97 per cent) were capping

Details
Category: Stock Market

Write comment (94 Comments)

Buy HDFC Standard Life Insurance Company, target Rs 510: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on HDFC Standard Life Insurance Company Ltd. with a target price of Rs 510.0 . The current market price of HDFC Standard Life Insurance Company Ltd. is Rs 483.75 Time period given by the analyst is Intra Day when HDFC Standard Life Insurance Company Ltd. price can reach defined target. Manas Jaiswal
Details
Category: Stock Market

Write comment (92 Comments)

The stock market on Friday ended on a positive note with the NSE benchmark Nifty gaining 53.10 points or 0.48 per cent. The stocks remained flat on a weekly basis, and the Nifty remained within a congestion zone, which it created after breaking out above the falling trend line pattern resistance area. Broader markets too remained positive.

As we

Details
Category: Stock Market

Write comment (98 Comments)

Stock market update: PSU stocks fall; OBC, IDBI Bank, Andhra Bank top losers in the sectoral pack
NEW DELHI: Most PSU bank stocks were suffering losses in morning session of Monday's trade.

The Nifty PSU Bank index was trading 0.19 per cent down at 2,797 around 10:25 am with all components in the red.

Oriental Bank of Commerce (OBC) (down 2.66 per cent) was the top loser in the PSU bank pack, followed by IDBI Bank (down 1.72 per cent), Andhra

Details
Category: Stock Market

Write comment (95 Comments)

Buy Ceat, target Rs 1450: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Ceat Ltd. with a target price of Rs 1450. The current market price of Ceat Ltd. is Rs 1342.35 Time period given by analyst is Intra Day when Ceat Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1300. Ceat Ltd., incorporated in 1958, is a midcap company with a
Details
Category: Stock Market

Write comment (90 Comments)

Sebi norms: 291 listed firms need to split CMD post
New Delhi: Reliance Industries, Infosys, TCS and Bharti Airtel are among the 291 listed companies that will have to appoint a non-executive chairperson on their boards by April 1, 2020 to comply with regulator Sebi's directive and most of these firms will need to split the roles of chairman and managing director for compliance.

Currently, many

Details
Category: Stock Market

Write comment (91 Comments)

Share market update: Market sentiment positive; these stocks make merry
NEW DELHI: Adani Green Energy (up 19.35 per cent), VST Industries (up 13.67 per cent) and PC Jeweller (up 12.21 per cent) were witnessing strong traction in their shares during morning trade on Monday.

Stocks such as Sharda Motor (up 8.89 per cent), Havells India (up 8.09 per cent), Bharat Rasayan (up 7.27 per cent), IFB Industries (up 5.96 per

Details
Category: Stock Market

Write comment (96 Comments)

GST revision: Middle class, select stocks and the Modi govt among top beneficiaries
NEW DELHI: The GST Council cutting rates on 88 items, coinciding with the Modi government comfortably fight through a no-confidence motion, is likely take the stock market to higher levels in the short term.

The move to cut rates by the GST Council in its 28th meet will cheer the middle class ahead of elections in key states of Madhya Pradesh,

Details
Category: Stock Market

Write comment (99 Comments)

Co-op banks to create investment fluctuation reserve to deal with market risks
New Delhi: The RBI has directed co-operative banks of all categories to create Investment Fluctuation Reserve (IFR) with a view to guard against unforseen fluctuations in market and remain solvent.

"with a view to building up adequate reserve to guard against market risks, henceforth, all co-operative banks shall build IFR out of realized gains

Details
Category: Stock Market

Write comment (91 Comments)

Stock market update: Market in the positive terrain, but these stocks take a beating
NEW DELHI: Even as market sentiment was positive and most sectors were catching buyers' attention, shares of Take Solutions (down 19.99 per cent), South Indian Bank (down 17.11 per cent) and 8K Miles Software Services (down 10 per cent) were reeling under selling pressure in morning trade on Monday.

Stocks such as TVS Motor (down 6.98 per cent),

Details
Category: Stock Market

Write comment (97 Comments)

Buy Tech Mahindra, target Rs 685: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Tech Mahindra Ltd. with a target price of Rs 685.0 . The current market price of Tech Mahindra Ltd. is Rs 656.95 Time period given by analyst is Intra Day when Tech Mahindra Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 644. Tech Mahindra Ltd., incorporated
Details
Category: Stock Market

Write comment (100 Comments)

Will the Fed become Trumpnext punching bag
By Ali Donaldson

On What'd You Miss This Week, Joe Weisenthal, Scarlet Fu and Julie Hyman tackled the busy week for the Federal Reserve. President Trump made market moving headlines by saying he "wasn't thrilled" with interest rate hikes in an interview. Peter Conti-Brown, a Fed Historian at the Wharton School, and author of The Power and

Details
Category: Stock Market

Write comment (94 Comments)

Mumbai: Bank of Baroda has set up a dedicated team of lawyers to speed up recovery of bad loans that get embroiled in litigation.

The state-owned bank has 380 high-value bad loan accounts with a total outstanding of about Rs 15,000 crore. In these, the bank is either the sole lender or the consortium leader.

“We have commenced aggressive action f

Details
Category: Stock Market

Write comment (96 Comments)

Buy ITC, target Rs 290: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on ITC Ltd. with a target price of Rs 290. The current market price of ITC Ltd. is Rs 273.45 Time period given by analyst is Intra Day when ITC Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 264.

ITC Ltd., incorporated in the year 1910, is a largecap company with

Details
Category: Stock Market

Write comment (99 Comments)

By Nir KaissarHere’s a brainteaser: While investors fret about trade wars and rate hikes, U.S. stock prices keep climbing.

Answer: Investors are indeed running for the exit — just through the wrong door.

Emerging-market stocks, not those in the U.S., are taking the brunt of investors’ fears. The MSCI Emerging Markets Index is down 7.7 percent this

Details
Category: Stock Market

Write comment (99 Comments)

Mumbai: Many banks in the country are set to sign an inter-creditor agreement on Monday to deal with stressed assets after getting a conditional approval from the Reserve Bank of India over the terms of the agreement, senior bank officials said.

CEOs of a few banks, led by State Bank of India (SBI), would sign the agreement, which would bind

Details
Category: Stock Market

Write comment (95 Comments)

Buy Jubilant Foodworks, target Rs 1520: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Jubilant Foodworks Ltd. with a target price of Rs 1520.0 . The current market price of Jubilant Foodworks Ltd. is Rs 1479.3 Time period given by the analyst is Intra Day when Jubilant Foodworks Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1460. Jubilant
Details
Category: Stock Market

Write comment (97 Comments)

Government unlikely to move ahead on MMTC-STC merger
The government is unlikely to go ahead with the Commerce Ministry's proposal for merger of trading firms MMTC and STC, a senior official said.

"It has been long that the Commerce Ministry forwarded the final cabinet note for the government's approval. It looks unlikely now," the official added.

State Trading Corporation (STC), Project -

Details
Category: Stock Market

Write comment (97 Comments)

Buzzing stocks: South Indian Bank, Adani Power, Bajaj Finance, HDFC Bank
NEW DELHI: South Indian Bank was leading the pack of most traded stocks on NSE in morning trade on Monday.

By 9:50 am, over 2.43 crore shares of the company had changed hands.

It was followed by, Adani Power (number of shares traded: 1.58 crore), PC Jeweller (1.58 crore), Ashok Leyland (0.66 crore), Reliance Communications (0.66 crore) and ITC

Details
Category: Stock Market

Write comment (94 Comments)

Buy Motherson Sumi Systems, target Rs 305: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Motherson Sumi Systems Ltd. with a target price of Rs 305.0 . The current market price of Motherson Sumi Systems Ltd. is Rs 298.3 Time period given by the analyst is Intra Day when Motherson Sumi Systems Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 290.
Details
Category: Stock Market

Write comment (97 Comments)

FPIs pull out Rs 2,000 crore in July so far
New Delhi: Continuing their selling spree, foreign investors have pulled out over Rs 2,000 crore from the capital markets this month so far on higher crude oil prices and a depreciating rupee.

The latest sell-off comes after foreign portfolio investors (FPIs) withdrew over Rs 61,000 crore from the capital markets in the last three months (April to

Details
Category: Stock Market

Write comment (93 Comments)

Buzzing stocks: South Indian Bank, Adani Power, Bajaj Finance, HDFC Bank
NEW DELHI: South Indian Bank was leading the pack of most traded stocks on NSE in morning trade on Monday.

By 9:50 am, over 2.43 crore shares of the company had changed hands.

It was followed by, Adani Power (number of shares traded: 1.58 crore), PC Jeweller (1.58 crore), Ashok Leyland (0.66 crore), Reliance Communications (0.66 crore) and ITC

Details
Category: Stock Market

Write comment (93 Comments)

'BUY' or 'SELL' ideas from experts for Monday, 23 July 2018
NEW DELHI: The domestic equity market remained flat last week, and is likely to resume trade on a flat-to-positive note on Monday, tracking firm trading in Nifty futures on Singapore Stock Exchange (SGX) but mixed cues from other Asian markets.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

CK Narayan of

Details
Category: Stock Market

Write comment (94 Comments)

Total profit of top 23 auto firms at Rs 9,966.3 crore in FY17
The combined net profit of top 23 four-wheeler automobile manufacturers in India stood at Rs 9,966.3 crore in 2016-17, which was just 2.79 per cent of their total gross turnover.

According to data sourced from SIAM and CMIE, the top 23 companies had a total gross turnover of Rs 3,56,702.9 crore.

In 2015-16, the net profit of the 23 manufacturers

Details
Category: Stock Market

Write comment (99 Comments)