StockMarket

US Fed likely to leave rates alone for now
The Federal Reserve is all but sure to leave interest rates unchanged this week, though steady economic growth and inflation pressures will likely keep the Fed on a path toward further rate hikes later this year.

The central bank is meeting as its board is undergoing a makeover, with a raft of new appointees by President Donald Trump who appear

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Sainsbury's, ASDA merger shakes up retail sector as European shares rise
LONDON: A multi-billion pound merger between British supermarket Sainsbury's and ASDA shook up retail stocks on Monday while European benchmarks rose, on track to end the month of April with a gain.

The pan-European STOXX index rose 0.1 per cent while Germany's DAX gained 0.3 per cent, buoyed by investors' improved risk appetite as tensions

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Market Now: BSE Smallcap index in the green; Soril Infra jumps over 17%
NEW DELHI: The BSE Smallcap index was trading 0.71 per cent up at 18,370 around 12:55 pm (IST).

Shares of Soril Infra Resources (up 17.34 per cent) and Moschip Semiconductor Technology (up 15.90 per cent) zoomed over 15 per cent in the smallcap index.

Stocks such as Merck (up 10.25 per cent), Selan Exploration Technology (up 10 per cent), Pioneer

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Wall Street drops as healthcare drags but manages monthly gain
NEW YORK: Wall Street fell on Monday as healthcare stocks slid and investors worried about rising costs for companies as oil prices rose, although the major indexes eked out a gain in April to snap a two-month losing streak.

The healthcare sector .SPXHC, which dropped 1.6 per cent, weighed most heavily on the S-P 500, as shares of Allergan plc

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NEW DELHI: Kotak Mahindra Bank on Monday reported a 15.16 per cent yearly rise in standalone net profit at Rs 1,124 crore for the March quarter, which fell short of Rs 1,230 crore profit projected by analysts in an ET Now poll.

The lender had reported Rs 976 crore profit in the year-ago quarter.

Standalone net interest income (NII) for the

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Top investors Kela, Damani, Kedia, Andrade find new money spinner beyond main market
Today’s small and medium enterprises (SMEs) are tomorrow’s midcaps or largecaps in the making.

They are fast emerging hunting grounds for yield-hungry ultra-rich investors, and even some mutual funds, as an indecisive stock market dries up options in the mainstream market.

Available data shows several well-known names and value investors from

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DHFL net up 26% in Q4 on strong home loan show
MUMBAI: Dewan Housing Finance Corporation (DHFL), one of India’s largest non-bank mortgage financiers, reported a 26% growth in net profit in the fourth quarter aided by home loans that make up two-thirds of its portfolio.

Net profit rose to ₹312.4 crore for the quarter ended March 2018, against adjusted profit of ₹248.3 crore in the year-ago per

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Market Now: BSE Capital Goods index up 1%; Welspun Corp among top gainers
NEW DELHI: The BSE Capital Goods index was trading 1 per cent up at 19,451 around 01:45 pm (IST), with shares of Lakshmi Machine Works (up 5.55 per cent) and Welspun Corp (up 3.83 per cent) as top gainers.

Shares of CG Power and Industrial Solutions (up 2.84 per cent), Kalpataru Power Transmissions (up 2.73 per cent), SKF India (up 2.13 per cent),

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Top investors Kela, Damani, Kedia, Andrade find new money spinner beyond main market
Today’s small and medium enterprises (SMEs) are tomorrow’s midcaps or largecaps in the making.

They are fast emerging hunting grounds for yield-hungry ultra-rich investors, and even some mutual funds, as an indecisive stock market dries up options in the mainstream market.

Available data shows several well-known names and value investors from

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ET Intelligence Group: The volume visibility of Balkrishna Industries, a manufacturer of offhighway tyres (OHT) used in mining and agriculture applications, is likely to improve considering a strong demand outlook in its export markets given the encouraging commentary by major companies including Caterpillar and Michelin.

The US-based Caterpillar

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Market Now: Telecom index down; top drag RCom plunges 4%
NEW DELHI: The BSE Telecom index was trading 0.52 per cent down at 1,296 around 01:30 pm (IST) on Monday, with shares of Reliance Communications (down 4.09 per cent) and GTL Infrastructure (down 3.83 per cent) as top drags.

Shares of Bharti Infratel (down 2.21 per cent), OnMobile Global (down 2 per cent), Tata Teleservices (Maharashtra) (down 1.73

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Market Now: Nifty Bank index up; YES Bank surges over 4%
NEW DELHI: Gains in YES Bank (up 4.17 per cent), Bank of Baroda (up 2.69 per cent) and State Bank of India (up 1.65 per cent) were keeping the Nifty Bank index up during afternoon trade on Monday.

The Nifty Bank index was trading 0.69 per cent up at 25,569 around 12:40 pm (IST).

Shares of Punjab National Bank (up 1.50 per cent), Kotak Mahindra

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Kotak Bank profit up 27% on robust loan growth in Q4
MUMBAI: Kotak Mahindra Bank on Monday reported a 27% growth in consolidated net profit for the quarter ended March, led by a 25% loan growth which boosted the bank’s net interest income (NII).

On a standalone basis, the bank made a net profit of ₹1,124 crore in March 2018, up 15% from the ₹976 crore it had reported a year earlier.

Vice chairman

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Market Now: Telecom index down; top drag RCom plunges 4%
NEW DELHI: The BSE Telecom index was trading 0.52 per cent down at 1,296 around 01:30 pm (IST) on Monday, with shares of Reliance Communications (down 4.09 per cent) and GTL Infrastructure (down 3.83 per cent) as top drags.

Shares of Bharti Infratel (down 2.21 per cent), OnMobile Global (down 2 per cent), Tata Teleservices (Maharashtra) (down 1.73

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Market Now: Nifty Realty index in the green; IB Real Estate jumps 3%
NEW DELHI: The Nifty Realty index was trading 0.72 per cent up at 320 around 12:30 pm (IST) on Monday, backed by gains in shares of Indiabulls Real Estate (up 2.81 per cent) and Oberoi Realty (up 2.03 per cent).

Shares of Prestige Estates Projects (up 1.35 per cent), Brigade Enterprises (up 0.57 per cent), Sobha (up 0.39 per cent), Godrej

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MUMBAI: The stock market extended its quiet ascent with the Sensex reclaiming the 35,000 mark and the Nifty mounting 10,700 for the first time in three months, mirroring strength in Asian equities after geopolitical tensions in the Korean peninsula receded.

Continued flows from domestic institutions, mainly mutual funds, and absence of major

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Australian shares firm to seven-week high as financials rally; NZ rises
Australian shares advanced to a seven-week high on Monday, led by broad based gains, with banks being the dominant contributor.

The S-P/ASX 200 index rose 0.5 per cent or 29.10 points to 5,982.70 at the close of trade. The benchmark added 0.7 per cent on Friday.

Banks were seeing a relief rally after the resignation of wealth manager AMP's

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Market Now: Pharma stocks up; Biocon, Lupin among top gainers
NEW DELHI: Pharma stocks Biocon (up 1.54 per cent), Lupin (up 1.40 per cent) and Dr. Reddy's Laboratories (up 1.23 per cent) were trading with gains of over 1 per cent during afternoon trade on Monday, keeping the sectoral index up.

The Nifty Pharma index was trading 0.69 per cent up at 9,049 around 12:20 pm (IST).

Shares of Cipla (up 1 per

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Buying Bitcoin is not investing: Warren Buffett
Warren Buffett, the 87-year-old American investor and CEO of Berkshire Hathaway, has again scorned investment in cryptocurrencies, claiming that “buying bitcoin is not investing”, in an interview with Yahoo Finance in Omaha, Nebraska, overtheweekend. “There’s two kinds of items that people buy and think they’re investing,” he said. “One really is i
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Australian shares firm to seven-week high as financials rally; NZ rises
Australian shares advanced to a seven-week high on Monday, led by broad based gains, with banks being the dominant contributor.

The S-P/ASX 200 index rose 0.5 per cent or 29.10 points to 5,982.70 at the close of trade. The benchmark added 0.7 per cent on Friday.

Banks were seeing a relief rally after the resignation of wealth manager AMP's

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Hold LIC Housing Finance, target Rs 600: ICICI Direct - The Indian Subcontinent

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Mumbai: Mint Street wants the bond market to be the preferred fund-raising choice for local companies seeking debt financing, but Corporate India’s collective journey toward financial maturity and de-risking seems to have hit interest-rate speed bumps.

In April, bond sales halved from the year-ago period: Firms raised ₹13,400 crore in 55 issuances

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Market Now: RIL, IGL keep BSE Oil Gas index down
NEW DELHI: Losses in Reliance Industries (down 2.45 per cent), Indraprastha Gas (down 1.15 per cent) and Indian Oil Corporation (down 0.80 per cent) were keeping the BSE Oil - Gas index down during the afternoon trade on Monday.

The BSE Oil - Gas index was trading 0.77 per cent down at 14,474 around 01:20 pm (IST).

Castrol India (down 0.61

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By Vrishti Beniwal and Christopher AnsteyIndia’s $2.3 trillion equity market has surged in recent years, and is about to get a new endorsement -- from the nation’s pension regulator.

“We are pressing the government to increase the equity proportion for government employees, and expect a favorable response very soon,” from the Finance Ministry, Hem

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It seems everyone is talking about the yield curve right now. It also seems most economists and investors are quick to dismiss what would typically signal a clear economic warning as nothing worth worrying about. But from where I sit, it looks like this could be a red flag worth paying close attention to.

The reason is that the yield curve, or the

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Market Now: Midcap index in sync with Sensex; Tata Chemicals up 5%
NEW DELHI: The BSE Midcap index was trading in sync with benchmark Sensex during afternoon trade on Monday.

The index was 0.55 per cent up at 17,010 around 01:05 pm (IST), while the BSE Sensex was 0.60 per cent up at 35,180. The NSE Nifty index was 0.54 per cent up at 10,750 around the same time.

Shares of Tata Chemicals (up 4.89 per cent), Kansai

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By Vrishti Beniwal and Christopher AnsteyIndia’s $2.3 trillion equity market has surged in recent years, and is about to get a new endorsement -- from the nation’s pension regulator.

“We are pressing the government to increase the equity proportion for government employees, and expect a favorable response very soon,” from the Finance Ministry, Hem

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Stock, forex, commodity markets shut on account of Maharashtra Day
NEW DELHI: Domestic stock, bond, currency and commodity markets are shut on Tuesday on account of Maharashtra Day. Globally, a host of stock markets, including those of China, South Korea, Singapore, Hong Kong, Italy, Spain and Germany, are observing Labour Day, and are closed too.

Foreign flows into India have been negative of late. FPIs in fact

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Kotak Mahindra Bank Q4 results; key things to watch out for
NEW DELHI: Kotak Mahindra Bank is expected to post 16-19 per cent yearly rise in net profit for the March quarter. Net interest income is expected to come in single digits. The private lender will report stable asset quality, say experts.

Brokerage Sharekhan expects the bank to report net interest income (NII) of Rs 2,543 crore for the March

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Market Now: Nifty PSU Bank index rises 2%; BoB, SBI among top gainers
NEW DELHI: Majority of PSU bank stocks including Bank of Baroda (up 2.55 per cent), State Bank of India (up 2.29 per cent) and Bank of India (up 2.25 per cent) were trading with gains during the early trade on Monday.

The Nifty PSU Bank index was trading 2.02 per cent up at 2,872 around 10:20 am (IST).

Shares of Indian Bank (up 1.94 per cent), Pun

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