StockMarket

7 of top 10 firms add Rs 53,800 crore in m-cap
Seven of the 10 most valued Indian companies together added Rs 53,799.78 crore to their market capitalisation last week, with RIL topping the chart.

For the week ended Friday, Tata Consultancy Services (TCS), Reliance Industries (RIL), HDFC Bank, ITC, HDFC, Infosys and SBI made gains in their market capitalisation (m-cap), while Hindustan Unilever

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The week in 10 stocks: Stocks that cracked, IPO update plus life highs lows
Clearly, the heat on stocks is on. The trade contagion is spreading like wild fire. US President Donald Trump is turning up the rhetoric with his latest tariff threat on Chinese imports.

The domino effect is there to see. Domestic equities logged their first weekly loss in three weeks. Domestic macros are sending bearish signals. The rupee is

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Mumbai: ECL Finance, the non-banking arm of the Edelweiss group, is raising Rs 2,000 crore by selling retail bonds amid expanding credit demand. The company aims to lend more to small businesses and the housing sector.

Those debt papers, known as non-convertible debentures in market parlance, will offer interest rates in the range of 9.45-9.85%

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Q1 earnings, F O expiry among key factors that may guide market next week
NEW DELHI: No-confidence motion against the Modi government, fresh fall in the rupee, poor macro data in the form of rising inflation as well as widening trade deficit and global trade war tensions influenced market sentiment in the week gone by.

Volatility persisted with equities witnessing see-saw trade, although, in the end bears had the last

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Markets turned out to be extremely volatile this week, taking even the experts by surprise on which way the market is heading. Corporate numbers were not appreciated even after delivering robust set of numbers, which is a cause of worry.

HUL posted a staggering 19 per cent PAT growth, but the stock was down 7.6 per cent, post results. Mahindra

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Bank of Baroda gears up to turn profitable; here's how
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 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 actions for

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What I read this week: Cons of US growth and why cashless society is not in your interest
While going through “The seven things of Ethical Collapse” by Jennings, I realised how relevant it in today’s time, and what is common in companies which experience financial frauds. When payment companies and banks “nudged” customers towards cashless economy they never asked their choice because it was too profitable an opportunity for them.

The

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By Elena Popina and Lu WangRarely does a day go by in the US stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps.

Now, in the middle of earnings season, their support has gone missing, and the result has been something less than a catastrophe.

Not that it was a banner week. The S-P 500 Index ended

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Cryptocurrencies would encourage illegal transactions: RBI to Supreme Court
NEW DELHI: The Reserve Bank of India (RBI) on Friday told the Supreme Court that allowing dealings in crypto currencies like Bitcoins would encourage illegal transactions and it has already issued a circular prohibiting use of these virtual currencies.

Crypto currencies are "a stateless digital currency" in which encryption techniques are used for

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Reliance Power net rises 3% to Rs 237.33 crore in April-June quarter
Reliance Power today posted about three per cent increase in its consolidated net profit at Rs 237.33 crore in the quarter ended on June 30, 2018.

The company had reported a consolidated net profit of Rs 230.85 crore in the quarter ended on June 30, 2017, a BSE filing said.

According to the filing, total income of the company declined to Rs

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HDFC Bank's June quarterly results today; what to look out for
Top private lender HDFC Bank is slated to announce its financial results for the quarter through June today.

Brokerage K R Choksey Shares and Securities expects 20 per cent YoY growth in advances along with stable net interest margin (NIM).

The brokerage house also expects elevated provisioning to continue. “We expect the bank to report net p

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UPL acquires Arysta LifeScience in $4.2 billion cash deal
NEW DELHI: UPL on Friday said that UPL Corporation, a wholly-owned subsidiary, signed a definitive agreement with Platform Specialty Products Corporation to acquire Arysta LifeScience Inc. and its subsidiaries for approximately $4.2 billion in cash consideration.

Arysta LifeScience is a global provider of innovative crop protection solutions,

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HDFC Bank, India's largest private lender by market capitalisation, on Saturday posted lower-than-expected net profit due to mark-to-market loss.

It reported an 18.17 per cent year-on-year (YoY) growth in net profit at Rs 4,601.44 crore for the quarter ended June. The figure was Rs 3,893.84 crore in the same quarter last year.

An earlier ETNow

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Wipro Q1 revenue beats estimates with 4.72% rise
Wipro announced improved revenue growth in the first quarter of fiscal 2018 beating market estimates buoyed by the revival of business in its main market – the US — as well as from banking clients.

The Bengaluru-headquartered company has also forecast marginally higher revenue growth for the second-quarter of this fiscal year. While first quarter

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Reliance Communications calls London meet on August 10 to mull restructuring of bonds worth $300 million
MUMBAI: Reliance Communications (RCom) has called for meeting on August 10 of the holders of its overseas bonds worth $300 million to consider if a restructuring is possible, which may give the Anil Ambani-held telco a longer tenure and better rates.

The company, which has not been paying interest on its global bond holdings since it is undergoing

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Podcast: How to play in mentha, base metals and gold
ETMarkets Weekend Podcast: How to play in mentha, base metals and gold03:13Jul 21, 2018, 02.15 PM IST | Tune in to get insight to invest in commodity.ETMarkets Podcast: Stocks back in black; should you stay put06:08Jul 20, 2018, 06.08 PM IST | Tune in! In-depth market analysis and top trading ideas from D-Street experts for today's trading
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ET Intelligence Group: Wipro's June 2018 quarter performance beat experts' price quotes largely since expectations were pegged rather low. Additionally, its 2nd quarter guidance stayed lukewarm amid modest addition of clients. Which means investors may need to wait a bit longer to witness a meaningful turnaround. In addition, HCL Technologies i
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WiproQ1 revenue up 0.1% in constant currency
BENGALURU: Wipro’s first-quarter revenue rose just 0.1 per cent sequentially in constant currency terms and the Bengaluru-headquartered company forecast marginally better second-quarter growth as it continues to deal with issues with its clients.

The IT company has struggled to keep up with its rivals and return to industry growth rates as

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HDFC Bank Q1 net profit grows 18% YoY; asset quality stays stable
Private lender HDFC Bankon Saturday reported an 18.17 per cent year-on-year (YoY) growth in net profit at Rs 4,601.44 crore for the quarter ended June.

The largest private lender by market cap had posted a net profit of Rs 3,893.84 crore in the same quarter last year.

An earlier ETNow poll had pegged net profit at Rs 4,710 crore.

Net interest

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Most brokerages have kept favorable rankings. The count on Thursday reported standalone net profit of Rs 1,025 crore for the quarter ended June 30, 2018-- a 12 percent year-on-year development. An ETNow poll had actually pegged the figure at Rs 1,190 crore. Kotak Mahindra Bank's shares ended down 1.2 percent at Rs 1,333.4 on Friday. CLSA said that v
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Wipro Q1 results: Key 5 highlights you must know
NEW DELHI: Software major Wipro on Friday posted a 5.16 per cent year-on-year (YoY) drop in standalone net profit at Rs 1,922 crore for the June quarter.

The IT firm registered Rs 2,026.80 crore profit in the year-ago quarter.

The bottom line grew 9.40 per cent on a quarter-on-quarter basis.

Standalone revenue for the quarter rose 3.10 per cent

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All the ways Trump can (and can't) influence Powell's Fed policy
By Jeanna SmialekPresident Donald Trump isn’t happy that the Federal Reserve is raising interest rates. There’s not much he can do about it.

The central bank is intentionally insulated from day-to-day U.S. politics, with officials’ terms lasting as long as 14 years. The president appoints members to the Board of Governors in Washington, including t

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Vodafone India is in talks with regional and overseas banks to raise Rs 4,000-5,000 crore that might be used to pay its dues to the Department of Telecommunications (DoT) to assist seal a merger with Idea Cellular at the earliest, individuals familiar with the matter stated. India's No. 2 telco has actually approached a couple of Europe and US-based foreign banks in India a
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Tech view: Nifty forms small bullish candle -lsquo;Doji- on the weekly charts
NEW DELHI: The Nifty50 on Friday climbed half-a-per cent to reclaim the 11,000 level. The index formed a small bullish candle on the daily chart and a ‘Doji’ on the weekly charts, which generally signals indecisiveness among traders.

The index needs a decisive break above the 11,050-11,080 range for sustained rise. Traders are advised to maintain

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US, euro zone growth readings to tell story of divergence
FRANKFURT: The US and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that monetary policy will continue to move in opposing directions on the two sides of the Atlantic.

US growth likely surged in the second quarter on healthy foreign trade and consumption, while the

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ETMarkets Evening Podcast: Stocks back in black; should you stay put
Hello! From ETMarkets.com, this is Swati Verma with Your Evening Briefing. As always, it's pleasure to have you with us.

It was a fear that didn't come true. In the end, market overcame its nervousness that stemmed from the no-confidence motion brought by the Opposition against the Modi government.

Though benchmark indices Sensex and Nifty signed

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After Market: 338 stocks hit 52-week lows in an upbeat market; 34 stocks in oversold zone
NEW DELHI: Investors on Friday stemmed the week’s insipid trading sentiment and went on a shopping spree despite mixed global cues.

Heavy buying in bluechips such as Reliance Industries (RIL), Infosys, ICICI Bank and L-T lifted the stocks higher.

A fall in the rupee gave IT stocks the much-needed impetus. The best part of Friday’s trade was t

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In our previous Weekly Outlook, we had expected high probabilities of the Nifty continuing to consolidate despite an attempt to break out on the Weekly Charts. Much on the expected and analysed lines, the Nifty headed nowhere although it continued to remain extremely volatile all through the week. The benchmark index ended the week flat, losing
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MCX Q1 net profit drops over 72% to Rs 7 crore
NEW DELHI: Leading commodity bourse MCX today posted over 72 per cent fall in its consolidated net profit at Rs 7.33 crore during the first quarter of the 2018-19 fiscal.

Net profit stood at Rs 26.30 crore in the same quarter of the last fiscal, it said in a regulatory filing.

However, income from the operations increased to Rs 72.87 crore during

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Stocks show the winning side, take trust motion in stride
NEW DELHI: Market got back its winning touch as headline indices took the no-trust motion in their stride and rose on Friday, backed by gains in heavyweights such as RIL, Infosys and ICICI Bank.

Stocks had been in decline for the past two days. Asian shares turned positive today.

The Sensex made a cautious opening on Friday as there appeared no

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