StockMarket

Delhi HC allows sale of Malvinder Singh's listed shares to pay Daiichi Rs 3,500 crore award
New Delhi: The Delhi High Court allowed the sale of unencumbered shares held in listed companies by former Ranbaxy promoter Malvinder Singh towards part payment of an arbitration award in favour of Daiichi Sankyo. The proceeds are to be deposited with the court.

The high court has also ordered parties owing money to Malvinder and Shivinder Singh an

Details
Category: Stock Market

Write comment (94 Comments)

Market Now: Midcaps underperform Sensex; Tata Global Beverages plunges 10%
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during Monday's trade.

Around 11:35 am, the BSE Midcap was trading 0.57 per cent down at 16,250, while the Sensex was 0.05 per cent up at 35,554. The NSE Nifty50 was 0.07 per cent up at 10,814.

Tata Global Beverages (down 10.02 per cent), Reliance Power (down 6.43 per cent), Vakr

Details
Category: Stock Market

Write comment (90 Comments)

ETMarkets Morning Podcast: What's buzzing on Dalal Street this morning
This is Prachi Sharma, your market jockey, with the morning briefing to get you up and running for a busy day on Dalal Street.

The clock ticks for the Karnataka results day tomorrow. There is no clear signal from the exit polls yet and that is what making investors more nervous.

Nifty futures in Singapore were slightly negative early today,

Details
Category: Stock Market

Write comment (100 Comments)

These are the top NSE gainers of Monday's session
NEW DELHI: With a gain of 25 per cent, Raj Rayon Industries emerged as the top gainer on NSE on Monday.

FCS Software Solutions (up 20 per cent) and Shekhawati Poly-Yarn (up 16.67 per cent) were up next.

Sun TV Network (up 10.52 per cent), IMP Powers (up 9.98 per cent), Bil Energy Systems (up 9.09 per cent), Parag Milk Foods (up 9.07 per cent) and

Details
Category: Stock Market

Write comment (93 Comments)

This IITian fell headlong for stocks, and is making a killing
You do not find an IIT-IIM graduate single-mindedly working on stock strategies too often; do you

That’s not the only attribute that makes Gaurav Sud stand out. This Gurugram-based investor also has a unique style of investing: he keeps looking for stocks which may have taken a dent because of a negative event. And then he tries to look for signs

Details
Category: Stock Market

Write comment (94 Comments)

Sompo Japan to buy 6% more in Universal Sompo from Karnataka Bank for Rs 125 crore
KOLKATA: Japanese general insurer Sompo Japan Nipponkoa Insurance would pay Rs 125 crore to buy 6% more stake in Universal Sompo General Insurance, India's first insurance company where three banks are promoters.

Sompo would buy the stake from Karnataka Bank, which holds 14.26% in the joint venture, Universal Sompo chairman O N Singh said.

Non-bank

Details
Category: Stock Market

Write comment (92 Comments)

Sun TV, SBI among most active stocks in value terms
NEW DELHI: Sun TV (Rs 1057.53 crore), State Bank of India (Rs 473.51 crore) and Tata Consultancy Services (Rs 417.15 crore) finished the day among the most active stocks in value terms.

HDFC (Rs 373.26 crore), Titan Company (Rs 350.44 crore), Bharti Airtel (Rs 341.94 crore), Sun Pharma (Rs 324.09 crore), ICICI Bank (Rs 321.40 crore), Tata Steel

Details
Category: Stock Market

Write comment (92 Comments)

HUL drops ahead of Q4 results; what to look for
NEW DELHI: Hindustan Unilever sank half a per cent lower on Monday ahead of its March quarter results later in the day.

The stock was 0.54 per cent lower at Rs 1,498.20 early today.

Brokerage Motilal Oswal Securities expects the FMCG major to report an adjusted profit after tax (PAT) of Rs 1,300 crore, up 16.6 per cent yoy. Revenues for the

Details
Category: Stock Market

Write comment (93 Comments)

How satta bazaar bets on Karnataka election
MUMBAI: The satta bazaar is shortening the odds on a BJP win in Karnataka, even though a third party may eventually feature in the victorious combine.

Largely, ek-pe-ek (one against one) trades offering punters the opportunity to double their investments are more numerous. But there is enough incentive for those willing to bet more of their skin

Details
Category: Stock Market

Write comment (98 Comments)

Check out the most traded stocks of Monday's session
NEW DELHI: JP Associates emerged as the most traded stock on NSE on Monday.

With 6.17 crore shares changing hands, the stock led the pack of most traded stocks on NSE.

South Indian Bank (5.99 crore), PC Jeweller (5.94 crore), Suzlon Energy (5.04 crore), Reliance Communications (4.98 crore) and Idea Cellular (3.72 crore) were also in the league of

Details
Category: Stock Market

Write comment (93 Comments)

ET Intelligence Group: Crude oil prices have flared once again after the US government’s decision to exit nuclear deal with Iran and reimpose sanction. This is likely to put more pressure on India’s current account deficit. However, for portfolio allocation, companies which export to oil producing countries will be preferred, while subsidy fear
Details
Category: Stock Market

Write comment (93 Comments)

NEW DELHI: The market attempted a breakout in the Friday’s session as it opened positive and continued to trade below 10,785-mark. However, the second half of the session saw the shares gaining strength and attempted to break out of the consolidation zone it created. It ended a notch above the 10,785-mark, gaining 89.95 points or 0.84 per cent.

As

Details
Category: Stock Market

Write comment (99 Comments)

Sensex ends flat ahead of Karnataka outcome, Nifty holds 10,800
NEW DELHI: Indian equity benchmarks Sensex and Nifty closed marginally higher on Monday as gains in bank, financial and pharma counters were offset by losses in auto, IT and metal stocks.

Investors remained on the sidelines ahead of Karnataka election results, due on Tuesday. Moreover, investors also awaited inflation data, expected later in the

Details
Category: Stock Market

Write comment (96 Comments)

Market Now: Sugar stocks less sugary; Uttam Sugar Mills plunges over 5%
NEW DELHI: A majority of sugar stocks were falling in Monday's trade.

Sugar stocks have been facing headwinds lately in the form of a glut in production.

Uttam Sugar Mills (down 5.43 per cent), Rana Sugars (down 5.08 per cent), Indian Sucrose (down 4.92 per cent), Dwarikesh Sugar Industries (down 4.08 per cent), Mawana Sugars (down 3.95 per cent)

Details
Category: Stock Market

Write comment (93 Comments)

What I read this week: Emerging investment trends and the big changes in power sector that no one is talking about
I came across an interesting but lengthy report on emerging investment trends across various asset classes and I decided to to summarise the report itself by picking four trends. Starting with Agriculture, where years of lower crop prices coupled with rising demand and a little help from climatic condition means we are nearing the bottom in agri
Details
Category: Stock Market

Write comment (98 Comments)

Top quantitative strategies for the week
By Motillal Oswal SecurititesOption WritingSTRATEGY 1Writing against Cash / Fut HoldingSell Lupin 800 CE 31 MAY at Rs 11.90 Target Level : 1.90 Stop Loss Level : 17 Gross Monthly Yield : 1.35 per cent ROI : 9.25 per cent Margin : Rs 65,000 Days to Expiry : 18

Writing with HedgingLeg 1 : Sell Lupin 800 CE 31 MAY at Rs 11.90 Leg 2 : Buy Lupin 840 CE

Details
Category: Stock Market

Write comment (98 Comments)

Gujarat Gas climbs over 4% post Q4 numbers
Gujarat Gas rallied over 4 per cent early on Monday as its Q4 earnings gained traction.

The company posted 99 per cent year-on-year rise in net profit at Rs 65.95 crore for the quarter to March. The figure stood at Rs 33.14 crore in the same period last year.

The scrip was trading 4.21 per cent up at Rs 878 at around 9.45 am (IST). It opened at

Details
Category: Stock Market

Write comment (92 Comments)

By Luke KawaBitcoin’s plunge back below $9,000 has the cryptocurrency facing a dreaded death cross. This occurs when the 50-day moving average breaks below its 200-day counterpart on a closing basis. As the name implies, it’s considered a bearish development.

This would be the first death cross for Bitcoin since 2015.

Bitcoin-1To be sure, there are some

Details
Category: Stock Market

Write comment (99 Comments)

Top intraday trading ideas for afternoon trade for Monday, 14 May 2018
NEW DELHI: The Nifty50 index was trading 19 points down at 10,788 around 12:20 pm on Monday on selling in select bank, metal, IT, auto and consumer durable 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.comWockhardt is a

Details
Category: Stock Market

Write comment (90 Comments)

Dena Bank plunges 12% as RBI bars bank from fresh lending, hiring
NEW DELHI: Shares of Dena Bank tanked over 12 per cent in Monday's trade after Reserve Bank of India (RBI) directed the bank not to issue any fresh loans and hire new personnel in the wake of mounting non-performing assets (NPAs).

The RBI has initiated prompt corrective action (PCA) for Dena Bank and imposed certain restrictions, in view of

Details
Category: Stock Market

Write comment (99 Comments)

BSE to seek US regulator nod for FBT status
KOLKATA: Asia's oldest bourse BSE is planning to seek US regulator's nod for holding the status of Foreign Board of Trade (FBT) for its India International Exchange in GIFT city, a top BSE official has said.

"We are in the process of applying to seek approval from Commodities Futures Trading Commission (CFTC) as an FBT for our India International

Details
Category: Stock Market

Write comment (92 Comments)

Market Now: Cement stocks get the blues as govt weighs pan-India ban on petcoke
NEW DELHI: Most cement stocks were seen under pressure during Monday's trade after reports emerged that the government is mulling pan-India ban on burning petroleum coke as a fuel.

India's government plans to propose banning burning petroleum coke as a fuel nationwide to comply with a Supreme Court request as part of a long-running case to clean

Details
Category: Stock Market

Write comment (98 Comments)

11 money-making ideas from top brokerages for next 3 weeks
NEW DELHI: The bulls had an upperhand last week, mainly driven by upbeat corporate earnings.

On Friday, the BSE Sensex rallied 290 points to settle at 35,535. NSE’s 50-share Nifty pack reclaimed the crucial 10,800 level to end at 10,806, up 90 points or 0.84 per cent.

On a weekly basis, both gained 1.77 per cent each.

The cloud of Karnataka poll

Details
Category: Stock Market

Write comment (97 Comments)

Nine of top 10 most valued firms add Rs 65,129 crore to m-cap
NEW DELHI: Nine of the top-10 most valued Indian companies together added Rs 65,128.77 crore in market capitalisation (m-cap) last week, with RIL recording the maximum surge in its valuation.

Tata Consultancy Services (TCS) was the only one to see erosion from its m-cap, while the rest nine companies, including HDFC Bank, ITC, Hindustan Unilever

Details
Category: Stock Market

Write comment (93 Comments)

Market Now: Smallcaps in sync with midcaps, trail Sensex
NEW DELHI: In line with midcaps, smallcaps too were underperforming Sensex in Monday's trade.

Around 11:45 am, the BSE Smallcap index was trading 0.51 per cent down at 17728, while the BSE Sensex and Nifty were flat at 35,531 and 10,803, respectively.

Shares of Reliance Naval and Engineering (down 13.73 per cent), PTC India Financial Services (dow

Details
Category: Stock Market

Write comment (95 Comments)

Market Now: Asian Paints, HDFC Bank, Hindustan Unilever hit 52-week highs
NEW DELHI: Asian Paints, HDFC Bank, Hindustan Unilever, IndusInd Bank, Nestle India, Orient Electric, Orient Press and Parag Milk Foods were among the stocks that hit fresh 52-week highs on NSE in Monday's trade.

On the contrary, Indo Count Industries, Idea Cellular, IDFC Bank, Oriental Bank of Commerce, Punjab - Sind Bank, Reliance Naval and

Details
Category: Stock Market

Write comment (95 Comments)

FPIs withdraw $2 billion from markets in just 8 trading sessions
NEW DELHI: Foreign investors have pulled out Rs 12,671 crore ($2 billion) from the Indian capital markets, in the last eight trading sessions, primarily due to surge in global crude prices and rise in yields of government securities here.

These developments follow an outflow of over Rs 15,500 crore from the capital markets (equity and debt) in

Details
Category: Stock Market

Write comment (90 Comments)

Market Now: Midcaps underperform Sensex; Tata Global Beverages plunges 10%
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during Monday's trade.

Around 11:35 am, the BSE Midcap was trading 0.57 per cent down at 16,250, while the Sensex was 0.05 per cent up at 35,554. The NSE Nifty50 was 0.07 per cent up at 10,814.

Tata Global Beverages (down 10.02 per cent), Reliance Power (down 6.43 per cent), Vakr

Details
Category: Stock Market

Write comment (98 Comments)

Market Now: Kotak Bank, IndusInd Bank keep Nifty Private Bank index in the green
NEW DELHI: Gains in Kotak Mahindra Bank (up 1.12 per cent), IndusInd Bank (up 0.88 per cent) and HDFC Bank (up 0.50 per cent) were keeping the private bank index in the green in morning trade on Monday.

The Nifty Private Bank index was trading 0.29 per cent up at 15,200 around 10:20 am.

Shares of Axis Bank (up 0.45 per cent) and YES Bank (up 0.34

Details
Category: Stock Market

Write comment (93 Comments)

Sebi, stock exchanges step up vigil before Karnataka elections results
NEW DELHI: Regulator Sebi as well as stock exchanges have stepped up surveillance to keep a close tab on possible manipulations and excessive volatility in the markets ahead of assembly elections results in Karnataka.

The results of the single-phase assembly elections will be declared on May 15. However, before the formal announcement of the

Details
Category: Stock Market

Write comment (92 Comments)