StockMarket

Authors: TheIndianSubcontinent News Agency

NEW DELHI: InterGlobe Aviation on Wednesday reported 73.30 per cent yearly drop in profit at Rs 117.64 crore for March quarter.

The owner of IndiGo airlines had reported Rs 440.30 crore profit in the corresponding quarter last year.

Aditya Ghosh, the company President, stepped down last week. Promoter and

Details
Category: Stock Market

Write comment (94 Comments)

Market Now: Over 100 stocks hit fresh 52-week lows on NSE

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Over 100 stocks including GTL Infrastructure, HDIL, Mahanagar Gas, PC Jeweller, Vakrangee and Videocon Industries hit fresh 52-week lows on NSE during Wednesday's trade.

Equity benchmarks erased the gains of the opening session and were trading in the red on selling in IT, metal and bank stocks

Details
Category: Stock Market

Write comment (98 Comments)

US stock futures edge up as Washington extends tariff exemptions

Authors: TheIndianSubcontinent News Agency

TOKYO: US stock futures edged up and Australian shares hit seven-week highs on Tuesday after the United States postponed the imposition of steel and aluminium tariffs on Canada, the European Union and Mexico, and offered permanent exemptions for several other allies.

Spread-betters also expected Britain's

Details
Category: Stock Market

Write comment (92 Comments)

Top intraday trading ideas for afternoon trade for Wednesday, 2 May 2018

Authors: TheIndianSubcontinent News Agency

NEW DELHI: The Nifty50 index was trading 13 points down at 10,727 around 11:45 am (IST) on Wednesday following selling in metal, PSU bank and IT counters.

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

Details
Category: Stock Market

Write comment (92 Comments)

Market Now: Markets turn lacklustre, but these stocks surge up to 20%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of Nakoda (20 per cent), Felix Industries (20 per cent), ECE Industries (19.99 per cent) and Zodiac JRD MKJ (19.93 per cent) surged up to 20 per cent on NSE during the early trade on Wednesday even as broader markets were lacklustre.

Stocks such as Transformers and Rectifiers (17.10 per

Details
Category: Stock Market

Write comment (90 Comments)

Australian shares rise as financials outperform; NZ flat

Authors: TheIndianSubcontinent News Agency

Australian shares closed at a more than two-month high on Tuesday, supported by financials and real estate stocks.

The S-P/ASX 200 index firmed 0.5 per cent or 32.5 points to 6015.2 at the close of trade. The benchmark added 0.5 per cent on Monday.

Banks led the race, with the Australian financial

Details
Category: Stock Market

Write comment (90 Comments)

ADAG stocks rally, RCom, Reliance Naval climb up to 16%

Authors: TheIndianSubcontinent News Agency

Shares of Anil Dhirubhai Ambani Group (ADAG) climbed up to 16 per cent on Wednesday morning.

Reliance Communications rose 15.74 per cent to Rs 17.65 at around 10.50 am (IST). The scrip opened at Rs 15.25 and touched high and low of Rs 17.75 and Rs 14.95, respectively, so far. The benchmark BSE Sensex was

Details
Category: Stock Market

Write comment (100 Comments)

Top 5 takeaways from HCL Technologies Q4 earnings

Authors: TheIndianSubcontinent News Agency

NEW DELHI: HCL Technologies on Wednesday posted its financial results for the quarter to March, which was in line with market expectations.

But the stock slipped over 3 per cent in early trade soon after the IT major announced its quarterly results this morning.

“We have achieved both on the revenue and m

Details
Category: Stock Market

Write comment (90 Comments)

Tokyo's Nikkei up ahead of US data, Asian trade quiet

Authors: TheIndianSubcontinent News Agency

TOKYO: Tokyo's Nikkei closed higher on Tuesday in quiet trade during Japan's Golden Week holiday period, as investors took to the sidelines ahead of key earnings and economic data in the US.

The benchmark Nikkei 225 index rose 0.18 per cent, or 40.16 points, to end at 22,508.03 but the broader Topix index

Details
Category: Stock Market

Write comment (92 Comments)

More downside for PCJ, stock crashes 18%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: PC Jeweller (PCJ) sank over 18 per cent on Wednesday to take its losing spell to the eighth trading session.

The board's decision to consider a share buyback proposal has failed to lift sentiment at the counter. Clarifications by promoters suggesting no change in the management control and

Details
Category: Stock Market

Write comment (90 Comments)

Market Now: Market's early gains fizzle out; these stocks crack over 10%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of FCS Software (down 14.29 per cent), PC Jeweller (down 12.56 per cent), Shekhawati Poly (down 12.50 per cent), SRS (down 11.11 per cent) and Tara Jewels (down 10.11 per cent) cracked over 10 per cent during the early trade on Wednesday.

Stocks such as BS Ltd (down 6.67 per cent), High

Details
Category: Stock Market

Write comment (91 Comments)

D-Street holds breath for Karnataka outcome; brokerages count cost of possible disappointment

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Political heat is all set to rise over the next fortnight, as Karnataka goes into polls. Marketmen believe politics will prevail over economics on Dalal Street as India’s own Silicon Valley sets the tone for a series of state elections running up to the 2019 general elections.

Some 2,655

Details
Category: Stock Market

Write comment (98 Comments)

InterGlobe Aviation stock falls over 3% ahead of March Q4 results

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of InterGlobe Aviation today fell more than 3 per cent in morning trade on bourses ahead of its March quarter earnings which is scheduled to be announced later in the day.

Shares of the company opened at Rs 1,420, but soon lost ground and were trading at Rs 1,353, down 3.34 per cent over

Details
Category: Stock Market

Write comment (98 Comments)

Market Now: Kotak Mahindra Bank, HDFC among most active stocks in terms of value

Authors: TheIndianSubcontinent News Agency

NEW DELHI: HCL Tech (Rs 358.19 crore), Kotak Mahindra Bank (Rs 295.68 crore) and HDFC (Rs 219.32 crore) were among the most active stocks in terms of value on NSE during the early trade on Wednesday.

Tata Motors (Rs 212.89 crore), Maruti Suzuki (Rs 197.60 crore), Tata Consultancy Services (Rs 177.17

Details
Category: Stock Market

Write comment (92 Comments)

Fed likely to keep rates steady; investors bet on June hike

Authors: TheIndianSubcontinent News Agency

WASHINGTON: The US Federal Reserve is set to hold interest rates steady this week but will likely further encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

Investors have all but priced out the chance of a rate hike at the end of the Fed's

Details
Category: Stock Market

Write comment (96 Comments)

Market Now: Nifty PSU Bank index down 2% with all components in the red

Authors: TheIndianSubcontinent News Agency

NEW DELHI: PSU bank stocks were suffering fall during Wednesday's trade, keeping the sectoral index in the red.

The Nifty PSU Bank index was trading 1.93 per cent down at 2,808 around 11:25 am (IST) with all components in the red.

Indian Bank (down 3.03 per cent) was the top drag on the PSU bank index. It

Details
Category: Stock Market

Write comment (100 Comments)

HCL Tech drops 4% post weak Q4 numbers

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of HCL Technologies fell over 4 per cent in Wednesday's trade after IT firm reported 9.9 per cent YoY drop in net profit at Rs 2,228 crore for the March quarter as per Indian accounting standards. Profit fell 4.3 per cent YoY as per US GAAP standards.

Following the announcement, the stock

Details
Category: Stock Market

Write comment (99 Comments)

NEW DELHI: Domestic stocks settled at a nearly 3-month high on Monday as strong corporate earnings and firm global cues gave risk appetite a lift.

The BSE Sensex closed up 191 points, or 0.55 per cent, at 35,160. NSE's Nifty gained 47 points, or 0.44 per cent, to finish at 10,739.

But a look at momentum indicator -- moving average convergence

Details
Category: Stock Market

Write comment (100 Comments)

Dabur India scales record high post Q4 data

Authors: TheIndianSubcontinent News Agency

NEW DELHI: FMCG firm Dabur India surged over 3 per cent on Wednesday to hit a record high after its consolidated net profit grew 19 per cent annually for the March quarter.

The stock's lifetime high at Rs 382.30 on the BSE came as profit rose to Rs 396.20 crore for January-March. It had reported Rs 333.10

Details
Category: Stock Market

Write comment (97 Comments)

Authors: TheIndianSubcontinent News Agency

The domestic equity market continued to bounce and stepped into the new week on a buoyant note. While the market remained within a capped range, the benchmark Nifty50 ended Monday’s session with a gain of 47.05 points, or 0.44 per cent. Tuesday was a trading holiday on account of Maharashtra Day.

Speaking

Details
Category: Stock Market

Write comment (96 Comments)

Silver imports may rise by 10% in the current fiscal as rural India is leaning towards the metal – known as the poor man’s gold – as its price has dropped by 3.29% from a year ago.

Traders and analysts believe that there’s room for silver prices to move up in tandem with base metals which are showing an upward trend, which is also attracting rural

Details
Category: Stock Market

Write comment (92 Comments)

Market Now: Over 85 stocks defy cautious market mood, hit fresh 52-week highs

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Over 85 stocks including Kotak Mahindra Bank, Mahindra - Mahindra, Mindtree, Nestle India and Cyient hit fresh 52-week highs on NSE during Wednesday's trade, defying the cautious mood of broader markets.

Stocks such as Dabur India, Escorts, Firstsource Solutions, Hindustan Unilever, Jubilant

Details
Category: Stock Market

Write comment (97 Comments)

Strong April sales growth may put auto stocks in the fast lane

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Auto stocks will be in focus on Wednesday after domestic auto companies on Tuesday posted strong sales data for April, mostly beating Street estimates.

This should create upside prospects for some of these stocks even after baking in a weak base.

The country’s largest passenger carmaker Maruti r

Details
Category: Stock Market

Write comment (92 Comments)

Volatile rupee hasn&t scared importers yet
The rupee’s 2.5% loss in April has pushed Indian importers to seek cover against their unhedged payables, but people tracking the foreign exchange market estimate that about 60-65% of offshore liabilities would still remain uncovered.

That should worry the regulator as unhedged foreign exchange fluctuation risks can create financial stress for

Details
Category: Stock Market

Write comment (96 Comments)

Hero MotoCorp gains 1% on Q4 hopes

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Hero MotoCorp advanced nearly 1 per cent on Wednesday ahead of its March quarterly results slated later for the day.

Brokerages expect a strong year-on-year growth for the quarter because of a weak base. In the fourth quarter of FY17, the two-wheeler maker's net profit was impacted by one-time

Details
Category: Stock Market

Write comment (90 Comments)

L T to divest automation division in Rs 14,000 crore deal

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Engineering and construction major Larsen - Toubro on Tuesday signed a definitive agreement with Schneider Electric for strategic divestment of its electrical and automation (E-A) business for an all-cash deal of Rs 14,000 crore.

The said business reported net revenue of Rs 5,038 crore

Details
Category: Stock Market

Write comment (95 Comments)

Opec ditches its rear-view mirror for something worse
By Julian Lee

OPEC’s multi-year attempt to steer the oil market by focusing on inventory levels was always like trying to drive a car while looking only in the rear view mirror. The inventory data is historical and reflects what the market was like a month or more ago. By the time OPEC gets the data, the world has already moved on.

If you thought

Details
Category: Stock Market

Write comment (94 Comments)

Did Anil Kumar Goel get his call wrong on sugar His stocks have just hit 52-week lows

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Avadh Sugar - Energy, a smallcap company promoted by yesteryears’ industrialist Krishna Kumar Birla’s daughter Nandini Nopany and her family, was constantly on the radar of value investor Anil Kumar Goel through March quarter.

Goel, who owned over three dozen smallcap stocks at the end of

Details
Category: Stock Market

Write comment (97 Comments)

Dabur reports 19% Q4 profit growth at Rs 396 crore

Authors: TheIndianSubcontinent News Agency

NEW DELHI: FMCG major Dabur India on Tuesday reported an 18.9 per cent year-on-year (YoY) rise in consolidated net profit at Rs 396.20 crore for the March quarter. That compared with Rs 333.10 crore profit reported for the corresponding quarter last year.

Consolidated revenue from operation rose 6.2 per

Details
Category: Stock Market

Write comment (97 Comments)

Lenders accept misra sons- bid for Orissa Manganese
MUMBAI: Creditors led by the State Bank of India have voted in favour of accepting the offer of little-known Ghanashyam Misra - Sons for Adhunik group company Orissa Manganese - Minerals, which involves a 95% haircut, said two executives who did not want to be named.

Ghanashyam, which is said to be engaged in mining, will pay Rs 250 crore

Details
Category: Stock Market

Write comment (94 Comments)