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Stock market update: Nearly 350 stocks hit 52-week lows on NSE
NEW DELHI: As many as 340 stocks, including PVR, Tata Steel, UPL, Vedanta and Videocon Industries hit 52-week lows on NSE on Thursday.

Aditya Birla Capital, Bharat Dynamics, BEML, Engineers India, Godfrey Phillips India, Greenply Industries, Indiabulls Real Estate, INOX Leisure, Jet Airways (India), Mangalam Cement, Manpasand Beverages, NMDC, PC

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Bajaj Finance Q1 consolidated profit soars 81%
NEW DELHI: Bajaj Finance on Thursday saw an 81.40 per cent YoY jump in consolidated net profit at Rs 835.89 crore for the quarter through June.

The corresponding number was Rs 460.91 crore in the previous year.

Consolidated revenue jumped to Rs 3,936.45 crore during the quarter under review, from Rs 2,832.85 crore a year earlier.

Asset under

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Stock market update: Sugar stocks fall as govt hikes sugarcane price: Piccadily Sugar plunges 8%
NEW DELHI: Most sugar stocks were trading in the red in morning trading session on Thursday, a day after the government increased the minimum price sugar mills pay to cane growers.

The government on Wednesday increased the minimum price sugar mills pay to cane growers by Rs 20 per quintal to Rs 275 per quintal for the next marketing year starting

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Bajaj Finserv beats Street estimate, posts 41% YoY jump in Q1 profit at Rs 825.77 crore

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Greater Institutional participation in capital markets is needed to finance Indiagrowth
By Vikram Limaye

India’s long-term sustainable economic growth is closely tied to infrastructure development. As per the Global Infrastructure Outlook forecasts noted in the Economic Survey of 2017-18, around $4.5 trillion worth of infrastructure investment is required by India till 2040 and the expected shortfall is $526 billion.

To meet this

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Sensex turns flat; Nifty50 erases gains after touching 11,000 level
NEW DELHI: Benchmark indices erased gains in Thursday's session after seeing a mixed cues from other Asian markets.

The NSE barometer Nifty50 reclaimed 11,000-mark while the BSE Sensex climbed 100 points, as concerns persist over the move by the Opposition on non-confidence motion against the government.

However, the market barometer turned flat

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Stock market update: Pharma stocks in pain; Cadila, Biocon, Cipla crack up to 3%
NEW DELHI: Most pharma stocks were trading with losses during afternoon trade on Thursday.

The Nifty Pharma index was trading 1.14 per cent down at 8,785 around 02:45 pm with Cadila Healthcare (down 3.23 per cent), Biocon (down 2.45 per cent) and Cipla (down 2.26 per cent) as the top losers.

Piramal Enterprises (down 1.34 per cent), Aurobindo

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Life Insurance Corporation (LIC) appears to have revamped its investment strategy on Dalal Street if its June quarter portfolio tweaks are any indication.

The insurance behemoth invested in some lesser-known companies through the quarter even as it exited form well-known names, in what looked like a game-changing strategy by the country’s largest i

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Buzzing stocks: Ashok Leyland, RCom, Mindtree, Tata Steel, RIL
NEW DELHI: The counter of Ashok Leyland, with over 2.66 crore shares changing hands, was buzzing as the most traded stock on NSE in morning trade on Thursday.

Reliance Communications (number of shares traded: 1.73 crore), Jaiprakash Associates (1.22 crore), PC Jeweller (0.60 crore), GMR Infrastructure (0.36 crore), Suzlon Energy (0.34 crore), JSPL

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Share market update: FMCG stocks mixed; ITC, HUL in the green
NEW DELHI: FMCG stocks were trading mixed during Thursday's session.

The Nifty FMCG index was trading 0.58 per cent up at 29,162 around 02:35 pm.

Shares of GlaxoSmithKline Consumer Healthcare (up 1.74 per cent), ITC (up 1.55 per cent), Colgate-Palmolive (India) (up 1.44 per cent), United Spirits (up 0.83 per cent), Dabur India (up 0.37 per cent)

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Stock market update: Ashok Leyland erases early losses, rises 1%
NEW DELHI: Shares of Ashok Leyland wiped off intial losses and were trading nearly 1 per cent up at Rs 111.65 apiece on BSE around 10:55 am on Thursday.

The scrip had come under pressure after the government brought in new axle norms for load carrying capacity which experts said could hurt demand for commercial vehicles.

The load carrying

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Buy KPIT Technologies, target Rs 320: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on KPIT Technologies Ltd. with a target price of Rs 320.0 . The current market price of KPIT Technologies Ltd. is Rs 302.0 Time period given by analyst is Intra Day when KPIT Technologies Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 290. KPIT Technologies
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Stock market update: IT stocks plunge up to 9%; TCS, HCL Tech, Infosys in the red
NEW DELHI: IT stocks were reeling under selling pressure during afternoon trade on Thursday.

The Nifty IT index was trading 1.24 per cent down at 14,450 around 02:25 pm with all components in the red.

Mindtree (down 8.91 per cent) was the top loser in the IT index.

The IT firm posted 13.17 per cent drop in net profit sequentially at Rs 158.20

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I always knew this day would come, says GoldmanBlankfein
It’s official: David Solomon will succeed Lloyd Blankfein as the CEO of Goldman Sachs. The Wall Street firm made the announcement Tuesday, saying Solomon would become CEO and join the board on October 1.

In a staff memo, Blankfein said that it had been hard to imagine leaving but that by his own “convoluted logic, it feels like the right time.”

He

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Manas Jaiswal of manasjaiswal.com has a sell call on Jindal Steel - Power Ltd. with a target price of Rs 175.0 . The current market price of Jindal Steel - Power Ltd. is Rs 186.3 Time period given by the analyst is Intra Day when Jindal Steel - Power Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at
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Share market update: Titan, Symphony keep consumer durables index up
NEW DELHI: Gains in Titan Company (up 2.88 per cent), Symphony (up 2.15 per cent), Whirlpool of India (up 0.45 per cent) and Rajesh Exports (up 0.27 per cent) were keeping the consumer durables index up in Thursday's session.

The BSE Consumer Durables index was trading 1.06 per cent up at 19,853 around 02:15 pm.

However, shares of PC Jeweller

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Stock market update: Bandhan Bank hits 52-week high post Q1 numbers
NEW DELHI: Shares of Kolkata-based Bandhan Bank jumped nearly 3 per cent to hit its 52-week high of Rs 618 on BSE in Thursday's session.

Shares of the company got traction after it reported on Wednesday a 47.5 per cent rise in its net profit for the June quarter to Rs 482 crore.

Net interest income (NII) went up 39 per cent to Rs 1,037 crore

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Buy L T Finance Holdings, target Rs 160: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on L-T Finance Holdings Ltd. with a target price of Rs 160.0 . The current market price of L-T Finance Holdings Ltd. is Rs 151.35 Time period given by analyst is Intra Day when L-T Finance Holdings Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 145.
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Earnings drive the day as European stocks falter at one-month highs
LONDON: European stocks were caught in a tug-of-war on Thursday as results drove sharp price swings in advertising, tech and industrials stocks.

As the earnings season got into full swing, the pan-European STOXX 600 hovered at the one-month high it reached in the previous session, as investors focused on a mixed bag of company results.

Europe's

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BSE buyback concludes; 20 lakh shares purchased for Rs 166 crore
NEW DELHI: BSE has repurchased over 20 lakh shares for nearly Rs 166 crore under its buyback programme. The buyback, which commenced on February 1, closed on July 9, BSE (formerly known as Bombay Stock Exchange) said in a public notice.

“The company bought back an aggregate of 20,19,170 equity shares, utilising a total of Rs 165.99 crore, which r

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'BUY' or 'SELL' ideas from experts for Thursday, July 19, 2018
NEW DELHI: Firm global cues and Nifty futures on Singapore Stock Exchange (SGX) indicate positive opening for the domestic equity market on Thursday.

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

Kunal Bothra, independent market expert L-T Finance is a 'buy' call with target price of Rs 160 and

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Australian shares inch up on financials, materials; NZ down
Australian shares edged higher on Thursday helped buying in financials and material firms, though broader market gains were checked by generally subdued regional markets amid trade war worries.

The S-P/ASX 200 index closed 0.3 per cent, or 17.6 points higher to 6,262.7, having climbed 0.7 per cent on Wednesday.

Sentiment was still fragile in

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Mindtree slips over 7% post Q1; Should you buy
Mindtree took a knock of more than 7 per cent on Thursday morning on dull earnings.

The IT firm posted 13.17 per cent drop in net profit sequentially at Rs 158.20 crore for the quarter to June. The figure stood at Rs 182.20 crore in the March quarter.

Bottom line surged 30 per cent on a year-on-year basis. The company had reported a net profit of

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Reliance Industries plans to borrow $6 billion in consumer push
Reliance Industries, India’s second-largest company by market value, plans to raise about 400 billion rupees ($5.8 billion) in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter.

The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian

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Nikkei snaps 4-day winning streak; weak cosmetics cos offset oil, machinery stocks
TOKYO: Japan's Nikkei share average snapped a four-day winning streak in choppy trade on Thursday as investors took profits, with weakness in inbound-tourism related stocks offsetting gains in oil names and machinery makers.

The Nikkei's early gains evoporated in the afternoon, closing trade 0.1 per cent lower at 22,764.68. It was the first drop

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Kotak Mahindra Bank lines up Q1 data today; what to check
Kotak Mahindra Bank is slated to announce its financial results for the quarter ended June today.

The private lender is expected to post over 20 per cent rise in net profit as well as net interest income.

K R Choksey Shares and Securities expects that Kotak Mahindra Bank may report 29 per cent year-on-year growth in net profit with 20 per cent

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Rakesh Jhunjhunwala buys 2 crore additional shares of Jaiprakash Associates in June quarter
NEW DELHI: Ace investor Rakesh Jhunjhunwala increased his stake in Jaiprakash Associates to 1.98 per cent in June quarter from 1.19 per cent at the end of March quarter, latest shareholding data showed.

Jhunjhunwala, often referred to as Warren Buffett of Dalal Street, bought 2 crore shares in June quarter.

At the end of March 2018, Big Bull's

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Stock market update: Telecom stocks mixed; Bharti Infratel plunges 5%, but Bharti Airtel
NEW DELHI: Telecom stocks were trading mixed during afternoon trade on Thursday.

Shares of Bharti Infratel (down 4.86 per cent), Aksh Optifibre (down 3.89 per cent), GTL Infrastructure (down 3.79 per cent), Sterlite Technologies (down 3.54 per cent) and GTL (down 3.04 per cent) were the top losers among the telecom stocks.

Himachal Futuristic

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Share market update: These stocks plunge up to 10% in a weak market
NEW DELHI: Shares of Uniply Industries (down 10.68 per cent), Larsen - Toubro Infotech (down 9.64 per cent) and Mindtree (down 8.25 per cent) cracked up to 10 per cent on NSE in Thursday's trade.

HT Media (down 7.26 per cent), 8K Miles Software Services (down 7.03 per cent), Ankit Metal - Power (down 6.67 per cent), IG Petrochemicals (down

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Promoters to dilute 12.01% in HDFC AMC in Rs 2,800 crore IPO
MUMBAI: HDFC Asset Management Company, the second largest fund house, today said its promoters will dilute 12.01 per cent stake through the Rs 2,800-crore offer-for-sale issue that opens on July 25 at a price band of Rs 1,095-1,100 per share.

While main promoter HDFC will dilute 4.08 per cent to the public through the offer, foreign partner Standar

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