StockMarket

Tech view: Nifty forms 'Hammer'; weekly charts may set new trend

Authors: Jordan

NEW DELHI: The Nifty50 saw some late recovery from a crucial support zone on Thursday even as the bulls struggled all through the session to enter the positive terrain.

The index formed a bearish candle resembling 'Hammer' pattern on the daily chart. It made lower high and lower low. The index may see profit booking in the extreme

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Market Now: Realty stocks crack; IB Real Estate plunges 4%

Authors: Jordan

NEW DELHI: Most realty stocks including Indiabulls Real Estate (down 3.96 per cent), HDIL (down 3.76 per cent) and Oberoi Realty (down 3.71 per cent) were suffering heavy losses during Thursday's trade.

The Nifty Realty index was trading 2.34 per cent down at 308 around 11:15 am (IST).

Unitech (down 2.61 per cent), DLF (down 2.43

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Kotak Mahindra Bank, HDFC Bank keep Nifty Bank index up

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Gains in Kotak Mahindra Bank (up 3.78 per cent), HDFC Bank (up 1.30 per cent) and Axis Bank (up 1.25 per cent) helped Nifty Bank index close the day with gains on Wednesday.

The index closed 0.14 per cent up at 25,568.

Shares of Federal Bank (up 0.71 per cent) too saw mild gains.

However, Bank

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Nifty FMCG pack declines over 1%; United Spirits top loser

Authors: Jordan

NEW DELHI: The Nifty FMCG index closed Thursday's session with a loss of 1.15 per cent.

The index settled at 28,486 with all components losing.

United Spirits (down 2.65 per cent) stood as the top loser of the index, followed by Godrej Industries (down 2.47 per cent), United Breweries (down 2.47 per cent), Colgate-Palmolive (India)

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Fund manager Mobius, ex-Franklin colleagues, launch new firm

Authors: Jordan

LONDON: Veteran emerging markets fund manager Mark Mobius has teamed up with two former colleagues from US asset manager Franklin Templeton to launch investment firm Mobius Capital Partners.

Carlos Hardenberg, who was lead manager for the flagship Templeton Emerging Markets Investment Trust, and Greg Konieczny, former manager of

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Tech view: Nifty50 forms Bearish Belt Hold, hits the pause button

Authors: TheIndianSubcontinent News Agency

NEW DELHI: The Nifty50 on Wednesday failed to capitalise on a strong start and saw brisk selling as soon as the opening bell rang, but eventually ended the session in the red. The index formed a bearish candle similar to a Bearish Belt Hold and negated the formation of higher highs and higher lows,
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HCL Tech extends slide, plunges 8%; what experts say

Authors: Jordan

NEW DELHI: Shares of HCL Technologies slumped nearly 8 per cent in Thursday's session, extending its slide to the second session following IT major's less-than-expected fourth quarter results.

The stock fell 7.74 per cent to hit a low of Rs 923.55 on BSE. Brokerages see limited downside ahead.

A pause in organic growth in recent

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Market Now: Nifty Bank index in the red; YES Bank, HDFC Bank top drags

Authors: Jordan

NEW DELHI: The Nifty Bank index was trading 0.13 per cent down at 25,534 around 11:05 am (IST).

Federal Bank (down 1.92 per cent), Bank of Baroda (down 1.91 per cent) and IDFC Bank (down 1.36 per cent) were the top losers in the Nifty Bank index.

RBL Bank (down 0.99 per cent), YES Bank (down 0.71 per cent), HDFC Bank (down 0.61 per

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Auto stocks give up early gains; Eicher Motors, Hero MotoCorp tumble 2%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Most auto stocks closed Wednesday's session in the negative terrain, erasing all gains of the early session of trade.

Auto stocks saw decent traction during the morning trade on Wednesday on strong April sales numbers. However, the gains proved to be short-lived and a majority of auto stocks had

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Yesteryearblue-eyed boy back with a bang; D-Street is loving it

Authors: Jordan

IT, once the blue-eyed boy of India Inc, has been the least-talked-about sector for more than a decade now, as the bellwether industry gradually lost its sheen with the decline of western economies.

But that dry spell may be getting over, as domestic fund managers are again beginning to take interest in this space.

According to data

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Market Now: Over 15 stocks defy negative market mood, hit fresh 52-week highs on NSE

Authors: Jordan

NEW DELHI: Over 15 stocks including Cyient, Indiabulls Ventures, Pidilite Industries, Pioneer Distilleries, Sandhar Technologies and Ujjivan Financial Services hit fresh 52-week highs on NSE during the early Thursday trade, defying negative market mood.

However, over 90 stocks including Balrampur Chini Mills, Bharat Electronic and

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Tata Power back in black, reports Rs 1,478 crore profit in Q4

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Tata Power on Wednesday reported a profit of Rs 1,478 crore for March quarter on higher sales. This compares with a loss of Rs 227 crore in the same period last year.

The firm’s operating profit for the quarter was up 18 per cent at Rs 1,445 crore compared with Rs 1,221 crore in the year-ago p

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Ethereum to rally 2,000% in 8 months This tech hotshot firmly believes so

Authors: Jordan

Cryptocurrencies are having a rough ride in India due to regulatory issues. But that has not stopped Internet entrepreneur Alexis Ohanian from airing his bullish views on Bitcoin and Ethereum, which some see as a teaser for domestic investors.

Ohanian, the Reddit co-founder, believes that Ethereum can hit $15,000 by 2018-end,

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1,350% surge in 5 years! This firm is waiting to make a killing on 5G

Authors: Jordan

Sterlite Technologies, which deals in fibre optic cables, has several tailwinds going for it: government initiatives such as Digital India and Smart Cities, expectation of exponential data growth and 5G deployment the world over.

It boasts of an all-time high order book, which also ensures strong revenue visibility and has a

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137 stocks hit fresh 52-week lows on NSE on Wednesday

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Apollo Micro Systems, Bharat Electronics, Chennai Petroleum Corporation, HDIL and Hindustan Motors joined the bandwagon of those 137 stocks that hit fresh 52-week lows on NSE on Wednesday.

GTL Infrastructure, Mahanagar Gas, PC Jeweller, Vakrangee and Videocon Industries were also among the

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Top intraday trading ideas for afternoon trade for Thursday, 3 May 2018

Authors: Jordan

NEW DELHI: The Nifty50 index was trading 56 points down at 10,662 around 12 pm (IST) on Thursday following across the board selling triggered by weak global cues.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Pritesh Mehta, head-technical

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PCJ wipes out 80% of investor wealth since Jan; F O banned

Authors: Jordan

PC Jeweller (PCJ), at the centre of a controversy over disclosure norms, tumbled over 10 per cent early on Wednesday.

The stock's free fall went into the ninth straight session.

It has now wiped off over 83 per cent of investors’ wealth from the January high. Its m-cap tumbled to Rs 3,817 crore (around 9.25 am) on May 3, from Rs 2

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Nearly 100 stocks hit fresh 52-week highs on NSE on Wednesday

Authors: TheIndianSubcontinent News Agency

NEW DELHI: As many as 99 stocks including Bharat Bijlee, Bombay Dyeing - Mfg Company, Dabur India, DHFL and Hindustan Unilever hit fresh 52-week highs on NSE on Wednesday.

Kotak Mahindra Bank, Mahindra - Mahindra, Mindtree, Nestle India, Indiabulls Ventures, Jubilant Foodworks, Raymond and Cyient

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Market Now: Auto stocks mirror bearish market mood; Eicher Motors, Tata Motors among top losers

Authors: Jordan

NEW DELHI: Most auto stocks were suffering losses during Thursday's trade, mirroring prevailing bearish market sentiment.

The Nifty Auto index was trading 0.62 per cent down at 11,437 around 12:05 pm (IST) with Amara Raja Batteries (down 3.20 per cent), Bharat Forge (down 2.26 per cent), Eicher Motors (down 2.20 per cent) and Tata

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Market Now: Over 90 stocks hit fresh 52-week lows on NSE

Authors: Jordan

NEW DELHI: Over 90 stocks including Balrampur Chini Mills, Bharat Electronic and Chennai Petroleum Corporation hit fresh 52-week lows on NSE during the early Thursday trade.

HCC, HDIL, HUDCO, Idea Cellular, IDFC Bank, Mahanagar Gas and Vakrangee also featured among the stocks that hit fresh 52-week lows on NSE.

The equity benchmarks

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F O: Nifty signals weakness; negates higher highs and lows

Authors: TheIndianSubcontinent News Agency

The Nifty50 index opened with gap up on Wednesday but failed to hold the gains and corrected towards the 10,690 level. The index closed in the negative and negated the formation of higher highs and higher lows of last three sessions.

However, it recovered from the lows on support from the rising trend

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What the payroll numbers really show

Authors: Jordan

By Soumya Kanti Ghosh and Pulak Ghosh

In Jan’18, Ghosh - Ghosh published a study titled, “Towards a Payroll Reporting in India”, and advocated the need for monthly payroll reporting in India like in other economies. It is heartening to note that the government has finally accepted the recommendations and released the monthly

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Hero MotoCorp Q4 profit jumps 35% on strong sales growth

Authors: TheIndianSubcontinent News Agency

The country’s largest two-wheeler maker Hero MotoCorp met street estimates to report a 34.8% increase in net profit at Rs 967.40 crore for the three months ended March 31, 2018 on back of strong sales, especially in rural areas. The company had posted net profit of Rs 717.75 crore in the corresponding
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These stocks surged up to 20% on NSE on Wednesday

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of Nakoda (up 20 per cent), Samtel Color (up 20 per cent), ECE Industries (up 19.99 per cent), Zodiac JRD MKJ (up 19.93 per cent) and Sathavahana Ispat (up 19.81 per cent) surged up to 20 per cent on NSE on Wednesday.

On the other hand, PC Jeweller (down 23.15 per cent) saw a steep fall

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Market Now: Vedanta, Coal India drag Nifty Metal pack down

Authors: Jordan

NEW DELHI: Losses in Vedanta (down 1.41 per cent), SAIL (1.30 per cent), NMDC (1.17 per cent) and Coal India (0.66 per cent) pushed the Nifty Metal index into the red on Thursday.

The sectoral index was trading 0.42 per cent down at 3,630 around 11:45 am.

Hindustan Copper (down 0.64 per cent), Hindustan Zinc (0.60 per cent), Tata

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Digital investments to be key growth driver for HCL Technologies

Authors: TheIndianSubcontinent News Agency

ET Intelligence group: The stock of HCL Technologies lost some of its one-month gain of 7.3% on Wednesday after the company’s lower than anticipated revenue guidance for the current fiscal dismayed investors. The country’s fourth largest software exporter guided for 9.5-11.5% growth for FY19 in dollar ter
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Sensex, Nifty end flat ahead of Fed decision; PCJ slumps 23%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Weak Asian cues and uninspiring March quarter earnings from some bluechip courtiers weighed on domestic equity benchmarks on Wednesday.

Both the key indices Nifty and Sensex closed on a flat note, with gains in Kotak Mahindra Bank, HDFC Bank and ITC offset by losses in ICICI Bank, Hindustan

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Market Now: Pharma pack in pain; Biocon plunges 5% on reports of USFDA observations

Authors: Jordan

NEW DELHI: The Nifty Pharma index was trading 1.49 per cent down at 8,828 around 11:30 am (IST) with all components in the red.

Biocon (down 5.25 per cent) plunged the most in the index on reports of USFDA observations of the company's Bangalore facility.

Reuters reported the company saying that its Bangalore sterile drug product

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Nifty IT index fall on the poor show of HCL Tech, Tech Mahindra, TCS

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Losses in index heavyweights, such as HCL Technologies (down 4.96 per cent), the Nifty IT index closed Wednesday's session in the negative territory.

The Nifty IT index settled 1.66 per cent down at 13,754 today.

Mindtree (down 3.04 per cent), Oracle Financial Services Software (down 2.38 per

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Check out the top losers of Wednesday's session

Authors: TheIndianSubcontinent News Agency

NEW DELHI: PC Jeweller (down 23.15 per cent) saw a gut-wrenching fall in its share prices on Wednesday, taking its losing spell to the eighth trading session.

Ruchi Soya (down 15.74 per cent), FCS Software (down 14.29 per cent), Arshiya (down 12.33 per cent) and Tara Jewels (down 10.64 per cent) plunged

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