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Multilplex stocks fall up to 12% as Maha govt allows moviegoers to carry food inside theatres
NEW DELHI: Shares of leading multiplexes saw a sharp fall on Friday after reports said that the Maharashtra government has allowed moviegoers to carry their own food inside the movie theatres from August 1.

According to a report by CNBCTV18, Maharashtra Minister has said that they will act against multiplexes if they don’t allow people to carry t

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Share market update: Market turns flat, but these stocks surge 10%
NEW DELHI: Shares of Refex Industries (up 11.54 per cent), Zicom Electronic Security Systems (up 11.11 per cent) and Solara Active Pharma Sciences (up 10 per cent) surged 10 per cent on NSE during Friday's trade, while equity markets erased opening gains to turn flat.

Market erased the gains of opening session on fresh selling in bank, oil, auto

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Sebi asks stock brokers to stop taking cash from clients
Markets regulator Securities and Exchange Board of India (Sebi) has asked all stock brokers in the country to stop accepting cash from their clients.

Moreover, stock brokers have been barred from receiving cash deposits in their bank accounts from the clients.

Meanwhile, Sebi is planning to introduce an alternative payment mechanism in initial

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When Jurassic Park, Kaala let PVR, Inox down; a wedding played the rescue act
NEW DELHI: It's a season of underdogs. And for multiplexes, this is proving to be a blessing in disguise.

When the much-hyped blockbusters like Salman Khan-starrer ‘Race 3’, Rajnikanth's ‘Kaala’ and Hollywood movie ‘Jurassic Park’ failed to live up to expectations, 'sleeper hits' such as ‘Raazi’, ‘Veere Di Wedding’, ‘Parmanu’, ‘Baaghi 2’ and ‘102 N

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Fortis climbs over 3% after IHH wins race
Fortis Healthcare advanced more than 3 per cent on Friday on reports that the hospital chain has approved binding investment offer from IHH for equity infusion of Rs 4,000 crore.

This will be by way of preferential allotment at a price per share of Rs 170 per share.

The bid price offers a premium of around 20 per cent to the current market price

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After Market: A billion-dollar baby, caution on Infy other top stories
NEW DELHI: It was a spectacle Dalal Street was yearning for long!

Buoyed by a sharp drop in crude oil prices, positive trend in global markets and brisk buying in blue chip stocks, the bulls broke free and lifted the indices to new lifetime highs on Thursday.

The S-P BSE Sensex closed 282 points higher at a new lifetime time high of 36,548,

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Stock market update: Over 85 stocks hit 52-week lows on NSE
NEW DELHI: Over 85 stocks including Andhra Bank, Bank of India, BHEL and Can Fin Homes hit 52-week lows on NSE during Friday's session.

Century Plyboards (India), Dena Bank, Dhunseri Investments, Grasim Industries, IndoStar Capital Finance, JK Cement, Kajaria Ceramics, Mangalam Cement, NBCC (India), NMDC and Water Oil Company (India), Water Oil

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Stock market update: Market in positive territory, but these stocks plunge 5%
NEW DELHI: Shares of IDBI Bank (down 6.14 per cent), Ankit Metal - Power (down 5.88 per cent), GNFC (down 5.19 per cent), Karnataka Bank (down 5.12 per cent) and Manpasand Beverages (down 5 per cent) plunged 5 per cent on NSE during Friday's session despite positive market sentiment.

The domestic equity market started Friday's session with

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Tech view: Nifty50 forms Shooting Star pattern, signals caution ahead
NEW DELHI: The Nifty50 on Thursday topped the 11,000 mark, but ended up forming a 'Shooting Star'-like pattern on the daily chart, suggesting that a short-term correction cannot be ruled out.

Shooting Star is a trend-reversal pattern that signals caution ahead, said Rajesh Palviya of Axis Securities.

"Any close below Thursday’s low will confirm t

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Share market update: MACD chart shows Bajaj Finance, Power Grid among stocks set for rally
NEW DELHI: Momentum indicator Moving Average Convergence Divergence (MACD) shows shares of Bajaj Finance, Sintex Plastics Technology and Power Grid Corporation of India have witnessed an upward crossover, or bullish crossover, indicating that they have just begun an upward journey.

Finolex Industries, PNB Gilts, Mahindra Lifespace Developers,

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Mumbai: The odds of Nifty touching all-time high again this year looked all but bright a few months ago in the face of high crude oil prices, rising inflation and trade-related concern. But few stocks have collectively steered the Nifty over 1,000 points from the 2018 low to within touching distance of record high. Of these, the top five —Tata C
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Stock market update: Midcaps underperform Sensex; Adani Power, SAIL among top losers
NEW DELHI: A majority of midcap stocks settled with losses on Thursday.

Underperforming the benchmark Sensex, the BSE Midcap index settled 0.52 per cent down at 15,552 with 31 stocks advancing and 68 declining. One stock remained unchanged.

Adani Power (down 5.64 per cent), Vakrangee (down 4.81 per cent), Tata Power Company (down 3.67 per cent),

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Share market update: Nifty IT lone sectoral gainer; Wipro, Infosys hold up
NEW DELHI: The Nifty IT index was the solitary gainer among the sectoral indices on NSE around 10:50 am on Friday owing to gains in heavyweights, including Wipro (up 1.68 per cent) and Infosys (up 1.57 per cent).

The Nifty IT index was trading 0.30 per cent up at 14,559 at that time.

Shares of KPIT Technologies (up 0.83 per cent), Tata

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Infosys stock runs up ahead of Q1 numbers
Infosys rose over 1 per cent early Friday ahead of its results for the June quarter later in the day.

The scrip was up 1.43 per cent at Rs 1,313.10 at around 9.17 am. The BSE Sensex climbed 0.24 per cent to 36,635.

The earnings are expected to be announced by 4.15 pm today.

June is usually considered as a strong quarter for IT firms due to high

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F O: Open interest in Calls Puts tells something about Nifty direction
By Chandan TapariaThe Nifty50 index opened with a gap up and continued its positive momentum towards the 11,078 mark. It registered the highest daily close above 11,000 since February 1, 2018 (Union Budget 2018) and formed an Inverted Hammer candle on daily scale amid some profit booking decline in the last hour of the session.

The index has been

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With flash of brilliance in Q1, these stocks promise good deal
NEW DELHI: A likely flash of brilliance may not just be enough for this sector to win over analysts.

Pricing challenges remain, but the good part is regulatory environment is improving for the pharma sector. The industry is expected to make an earnings rebound in the June quarter -- up to 50 per cent surge in net profit -- largely driven by a low

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Buzzing stocks: IDBI Bank, Fortis Healthcare, RIL, Infosys
NEW DELHI: IDBI Bank, with over 1.12 crore shares changing hands, was leading the pack of most traded stocks on NSE in morning trade on Friday.

It was followed by Fortis Healthcare (number of shares traded: 0.80 crore), GMR Infrastructure (0.71 crore), Adani Power (0.64 crore), Reliance Communications (0.63 crore) and Jaiprakash Associates (0.54

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Share market update: Check out the most active stocks of Thursday's session
NEW DELHI: GMR Infrastructure emerged as the most traded stock on NSE on Thursday.

By the end of the day, over 7.68 crore shares of the company had changed hands.

Adani Power (number of shares traded: 7.12 crore), Jaiprakash Associates (4.07 crore) and Suzlon Energy (4.02 crore) were up next in the league of most traded stocks on NSE.

On the other

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Adani Power plans to raise up to Rs 5,000 crore to fuel business expansion, growth
New Delhi: Adani Power plans to raise up to Rs 5,000 crore through a mix of debt and equity to augment capital to sustain growth and finance its business expansion plans.

The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long term resources, if necessary in order to sustain

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The board of India’s third-largest IT firm HCL Technologies on Thursday approved a share buyback of up to Rs 4,000 crore at Rs 1,100 apiece.

The buyback will not exceed Rs 4,000 crore, which is 14.83 per cent and 11.59 per cent, of the fully paid-up equity share capital and free reserves (including securities premium account), the company said in

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Stock market update: Nearly 30 stocks hit 52-week highs on NSE
NEW DELHI: As many as 27 stocks including Reliance Industries, Bajaj Finance, Berger Paints, Britannia Industries, Garware Wall Rope and HDFC Bank hit 52-week highs on NSE on Thursday.

HEG, Hindustan Unilever, Jubilant Foodworks, Kotak Mahindra Bank, KPIT Technologies, Larsen - Toubro Infotech, Marico, Mphasis, Procter - Gamble Hygiene and

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Stock market update: Bank stocks suffer losses; BoB, PNB, SBI fall up to 3%
NEW DELHI: Most bank stocks, including Bank of Baroda (down 3.14 per cent), Punjab National Bank (down 2.23 per cent) and IDFC Bank (down 2.04 per cent) were witnessing heavy selling during morning trade on Friday, consequently, dragging the sectoral index down.

The Nifty Bank index was trading 0.27 per cent down at 26,955 around 10:35 am.

Shares

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Cyient Q1 profit down 6% at Rs 82 crore
Cyient today said its profit after tax for the quarter ended June 30 was down by six per cent to Rs 82.5 crore against Rs 87.8 crore during the same quarter in FY 18.

According to a press release and an investor presentation by the company, revenues from operations was up by 19 per cent to Rs 1080 crore during the quarter under discussion.

It was

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Share market update: Nearly 70 stocks hit 52-week lows on NSE despite positive market sentiment
NEW DELHI: As many as 67 stocks, including Bank of India, Century Plyboards (India), Dhunseri Investments and NBCC (India) hit 52-week lows on NSE on Thursday despite market remained in the positive territory through the day.

Rajesh Exports, Tejas Networks, Union Bank of India and Vedanta also featured among the stocks that touched 52-week lows on

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IDBI Bank comes off 7% as officers plan stir
NEW DELHI: Panic gripped IDBI Bank stock as it tumbled over 7 per cent on Friday on news that a section of officers would go on strike.

The planned agitation is slated for July 16-21.

In a filing to the BSE, the bank said: "The bank has received notice from a section of officers that they propose to go on strike from July 16, 2018, to July 21,

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Goodbye inverted yield curve Fed looks for alternative signals to guide policy
WASHINGTON: Federal Reserve officials are scouring new niches of the financial markets to find signals accurate enough to warn the central bank when it is time to stop hiking interest rates before they risk tipping the economy into a recession.

In the run up to previous downturns, the Fed has jacked interest rates to restrictive levels as it

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Sensex hits lifetime high, Nifty tops 11,000; RIL, HDFC duo dazzle
NEW DELHI: It was a terrific Thursday for stock market as the BSE benchmark Sensex scaled all-time high of 36,699.53 and Nifty50 topped the psychologically important level of 11,000 on buying in oil - gas, bank, financial and FMCG amid firm Asian cues.

Equity benchmarks extended gains to a fifth consecutive session on strong buying in

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HCL Tech comes down 2% on share buyback offer
NEW DELHI: HCL Technologies dropped over 2 per cent on Friday following the announcement of its much-awaited share buyback.

The board of the third-largest IT firm on Thursday approved a share buyback of up to Rs 4,000 crore, which is higher than Rs 3,500 crore offer it came out with last year. The buyback size amounts to 38 per cent of the

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RBI raises red flags in annual state finances report
The Reserve Bank of India raised a couple of red flags in the annual report on state finances released on Thursday.

The report added that visible fiscal pressures are emerging for several states on the expenditure side, particularly on account of pay revisions, interest payments and other state-specific schemes like farm loan waivers.

States

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Karnataka Bank Q1 profit rises 22% YoY to Rs 163 crore
NEW DELHI: Karnataka Bankon Thursday reported a 21.9 per cent year-on-year rise in June quarter profit at Rs 163.24 crore compared with Rs 133.85 crore reported for the same quarter last financial year.

Gross NPA for the quarter stood at Rs 2,296.53 crore against Rs 2,376.07 crore reported for March quarter. Gross NPA in percentage terms stood at

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