StockMarket

The domestic equity market opened the week on a good note with the frontline indices showing a keen interest in reaching higher levels, but smallcap and midcap stocks showed divergence in performance and underperformed. With a constant depreciation in the rupee, RBI finally stepped in on Monday to calm the currency market. This indicates that the
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New India Assurance profit doubles in FY18
Mumbai: New India Assurance reported 118.35% increase in net profit during the financial year ended March 31, 2018 on account of lower claims and reduction in expenses.

During the year, the company reported net profit of Rs 2,201 crore as against Rs 1,008 crore a year ago. The board recommended a one for one bonus. Also, the board declared final

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Buy ONGC, target Rs 196: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Oil And Natural Gas Corporation Ltd. with a target price of Rs 196.0 . The current market price of Oil And Natural Gas Corporation Ltd. is Rs 188.15. Time period given by analyst is Intra Day when Oil And Natural Gas Corporation Ltd. price can reach defined target. Manas Jaiswal recommended to
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Analysts sceptical over PC Jewellershare buyback plan
Mumbai: The Rs 424-crore buyback announcement by PC Jeweller has raised eyebrows among market participants as they feel company’s balance sheet is not strong enough for the such a spend.

PC Jeweller on Thursday announced a share buyback worth Rs 424 crore, at a price of Rs 350 per share, at a 67 per cent premium to Thursday closing price, to buy

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Why global markets are wary of central banks& forward guidance
By Jonathan CableLONDON: After the financial crisis rocked the framework of monetary policy, rate setters took to giving “forward guidance” to steady the ship, but the recent experience of British and Japanese central banks suggests it doesn’t guarantee a smooth journey.

Just a few weeks ago markets and economists were convinced the Bank of

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Sell BHEL, target Rs 75: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Bharat Heavy Electricals Ltd. with a target price of Rs 75. The current market price of Bharat Heavy Electricals Ltd. is Rs 80.5. Time period given by the analyst is Intra Day when Bharat Heavy Electricals Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stop loss at Rs
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KOLKATA: Idea Cellular and Bharti Airtel scrips crashed on Friday on the Bombay Stock Exchange with the Kumar Birla-led telco’s shares plunging below eight-year lows in the aftermath of Reliance Jio unleashing yet another wave of tariff disruption which is likely to cause more financial misery and customer losses to incumbents in FY19.

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Dena Bank Q4 loss widens to Rs 1,225 crore as bad assets soar
State-owned Dena Bank today reported widening of its net loss to Rs 1,225.42 crore in the March quarter on mounting bad loans and higher provisioning to cover them.

The net loss was Rs 575.26 crore in the January-March quarter of 2016-17. Sequentially, the loss widened from Rs 380.07 crore in December of 2017-18.

The bank reported loss on annual

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Buy Axis Bank, target Rs 580: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Axis Bank Ltd. with a target price of Rs 580. The current market price of Axis Bank Ltd. is Rs 547.65. Time period given by the analyst is Intra Day when Axis Bank Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 530. Axis Bank Ltd., incorporated in 1993, is a
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NEW DELHI | MUMBAI: The threat of liquidation hangs over Jaypee Infratech after the Interim Resolution Professional (IRP) told the Supreme Court on Friday that the bankruptcy resolution process at the debt-laden realtor had failed to stitch together a revival plan before the clock ran out.

According to the Insolvency and Bankruptcy Code, 2016, a

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Solar Industries Q4 net up 20% at Rs 66 crore
Solar Industries today reported a 20 per cent increase in consolidated net profit at Rs 65.88 crore for the quarter ended March.

The industrial explosives maker had posted a net profit of Rs 54.93 crore in the same quarter last year.

Its total income for the January-March period stood at Rs 575.34 crore, up 30 per cent from Rs 442.10 crore posted

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'BUY' or 'SELL' ideas from experts for Friday, 11 May 2018
NEW DELHI: The domestic stock market is likely to open on a positive note, tracking Nifty on Singapore Stock Exchange(SGX). At 08:40 am, Nifty futures on the Singapore Stock Exchange were trading 59.50 points, or 0.55 per cent, higher at 10,791.

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

CK Narayan of

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The Institute of Chartered Accountants of India has issued notices to Indian arms of multinational auditing firms including Deloitte, PricewaterhouseCoopers, EY, KPMG, Grant Thornton and BDO, seeking details of corporate structures, investments and revenue.

The body is investigating whether these multinationals, their Indian arms and domestic

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NEW DELHI: The twin euphoria of upbeat quarterly results and tame US inflation readings aided the bulls to fire on all cylinders on Friday. Some brisk buying in index heavyweights such as HDFC, HDFC Bank, ITC and Asian Paints gave a solid 290-point lift to BSE Sensex. The index settled at 35,535.79. Nifty index reclaimed the crucial 10,800 level
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Buy Tata Motors (DVR), target Rs 212: Kunal Bothra

Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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FedBank Financial receives strategic investment from True North
MUMBAI: The Federal Bank board has approved 26% strategic investment by private equity player True North in its wholly owned subsidiary - FedBank Financial Services (FedFina), a move that will help the company to grow its loans.

The investment will help FedFina augment its capital base primarily to support its growing asset business and to grow

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Nifty Realty index settles in the red; Godrej Properties top loser
NEW DELHI: The Nifty Realty index closed Friday's session in the red on losses in Godrej Properties (down 3.79 per cent), HDIL (down 3 per cent) and Indiabulls Real Estate (down 2.04 per cent).

The Nifty Realty index settled 0.50 per cent down at 309.

Oberoi Realty (down 1.41 per cent) and DLF (down 0.75 per cent) too remained among the losers in

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Sell Union Bank of India, target Rs 81: Dr CK Narayan
Sell Union Bank of India, target Rs 81: Dr CK Narayan - The TheIndianSubcontinent

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Uco Bank suffered 10th consecutive quarterly loss
KOLKATA: State-owned Uco Bank suffered Rs 2,134 crore net loss for the fourth quarter to March 2018, nearly four times the loss reported in the year ago period.

This was the 10th quarterly loss in a row for the troubled lender that was weighed down by sharp deterioration in asset quality. The bank's net loss for the December 2017 quarter was Rs

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NEW DELHI: Nifty Bank index closed the day rising over 1 per cent.

The index finished at 26,413, up 1.08 per cent on Friday, with shares of Bank of Baroda and Axis Bank as top gainers.

Stocks such as Kotak Mahindra Bank, ICICI Bank, YES Bank and State Bank of India advanced over 1 per cent.

HDFC Bank and Federal Bank climbed almost 1 per cent.

Punj

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Buy Reliance Industries Ltd, target Rs 995: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Reliance Industries Ltd. with a target price of Rs 995. The current market price of Reliance Industries Ltd. is Rs 980.7. Time period given by the analyst is Intra Day when Reliance Industries Ltd. price can reach a defined target. Dr CK Narayan recommended to keep the stop loss at Rs 970.

Reliance

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Sebi imposes Rs 22 lakh fine on SPJ Stock Brokers
Markets regulator Sebi today imposed a total penalty of Rs 22 lakh on SPJ Stock Brokers in a matter related to synchronised trading in shares of SKS Logistics.

The Securities and Exchange Board of India (Sebi) had conducted an investigation into the alleged irregularity in the share trading of SKS Logistics for the period from June 1 to October

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Tech View: Nifty makes bullish candle; analysts say stay light
NEW DELHI: Nifty50 on Friday breached a strong hurdle at the 10,784 level on a closing basis to reclaim the 10,800-mark -- a day ahead of the polls in Karnataka -- suggesting the bulls are in the driving seat.

While the outcome of Karnataka elections will have a bearing on the market in the short term, from purely technical basis, charts suggests

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Oil price rise gives EVs a big boost
NEW DELHI: The spike in oil prices following US move to impose sanctions on Iran has given new momentum to India’s ambitious e-vehicles programme that aims to reduce oil imports, cut emissions and boost energy security.

The government is already giving a big push to e-vehicles because of its commitments at global forums to control carbon emissions

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Morgan Stanley sells 38 lakh shares of Gitanjali Gems
Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewellery firm Gitanjali Gems through open market transactions, according to a regulatory filing.

Shareholding of Morgan Stanley Mauritius Company Ltd and Morgan Stanley (France) has come now down to 2.06 per cent from 5.25 per cent.

On May 9, Morgan Stanely sold 37,86,860

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F O: Fall in VIX suggests traders not worried about Karnataka polls
By Chandan TapariaThe NSE benchmark Nifty on Friday opened gap-up and witnessed sustain buying interest till the end of the session. It formed a bullish candle on daily and weekly scale by surpassing immediate hurdle of 10,785 zone.

The index has given a decisive close above the 10,800 zone after consolidating between 10,600 and 10,785 levels in

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Stocks in focus on May 11, 2018
NEW DELHI: Domestic shares are likely to see a positive opening on Friday, tracking Nifty on Singapore Stock Exchange (SGX) and firm global cues. At 08:01 am, the Nifty futures on SGX were trading 52.50 points or 0.49 per cent higher.

Here is a list of top stocks that are likely to be in focus in today's trading session:

Fortis, Dabur: Fortis

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Allahabad Bank Q4 loss widens to Rs 3,510 crore on frauds, higher provisions
Kolkata: Allahabad Bank reported a net loss of Rs 3,510 crore in the fourth quarter owing to higher loan risk coverage as well as taking cover against frauds involving Punjab National Bank and diamond trader Nirav Modi.

The bank posted net profit of Rs 111 crore in the year-ago period.

In a regulkatory filling to stock exchanges, the bank said it

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Sensex rises 100 pts; Nifty50 above 10,750; PCJ rallies 18%
NEW DELHI: The bulls took centrestage in opening deals on Friday, thus helping headline indices to log decent gains.

At 09:24 am, the S-P BSE Sensex was trading 62 points higher at 35,308 with Asian Paints (up 2 per cent) being the top index gainer and Bharti Airtel (down 6 per cent) the worst laggard.

On similar lines, the broader Nifty50

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Here’s a lowdown on top macro triggers that may move market on Friday. This report was compiled from agency feeds.

Bank of America Analysts See Oil at $100 Next YearBank of America Merrill Lynch amalysts have raised the bogey of $100 crude. Brent crude cost that much per barrel in September 2014. A team of commodity strategists led by Francisco

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