StockMarket

Indian green energy firms eye stock market listings: S​​ources
MUMBAI: Two Indian renewable energy firms are set to unveil stock market listing plans in the coming weeks, giving investors a new way to gain exposure to the sector at a time when India is pushing to make renewable power a bigger part of its energy mix.

Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to

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Mumbai: Reliance Industries’ quarterly net profit rose 17.3% to Rs 9,435 crore as the conglomerate turned a new leaf, with its booming petrochemicals business delivering higher earnings than refining for the first time in a decade while the newer retail and telecom ventures grew briskly in the improved economic environment.

Consolidated turnover

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Amazon delivers dazzling profits, as well as $20 Prime hike and NFL games
Amazon.com Inc more than doubled its profit on Thursday and predicted strong spring results as the world's biggest online retailer raised the price for US Prime subscribers, added US football games and touted its cloud services for business.

The results showed the broad strength of the company, which has been expanding far beyond shipping

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As general elections draw near, things look up for cement firms
By DK Aggarwal

India is the second largest cement producer of globally. The industry has added 110 million tonnes of capacity in last five years.

However, financial year 2017-18 has been a relatively tough one for the industry due to a ban on sand mining, use of pet coke and diminished market concentration of industry leaders.

Slower progress in

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Equitas Holding's March quarter net profit rises four-fold to Rs 34 crore
Equitas Holding reported four fold growth in net profit during the quarter ended March 31, 2018, aided by growth in non-micro loans.

During the quarter, the company reported net profit of Rs 34 crore against Rs 7 crore in the same period a year ago. Profit in the March quarter of 2017 was lower because of extra provision.

“As a strategy we have l

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Wall Street much quicker to applaud Facebook than criticize it
A month of darkening sentiment around Facebook Inc among analysts was washed away in an instant when the social media's earnings report blew through even the most optimistic earnings estimates.

The response was classic Wall Street, where the traditional tendency has been to be far quicker with praise than with criticism.

Less than 24 hours after

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RBI eases norms for overseas investment in bonds
MUMBAI: The Reserve Bank of India has eased investment norms for overseas investors after weekly sovereign bond auctions partially failed to elicit investor interest.

The central bank has withdrawn an investment cap that bars foreign portfolio investors (FPIs) from investing in Indian bonds with less than three-year maturity, a move that is

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Sebi extends deadline for new FPI limits monitoring system
Markets regulator Sebi today extended deadline till May 18 for putting in place a new system for depositories to monitor the foreign investment limits in listed Indian companies.

The earlier deadline was May 1.

In a circular issued today, Securities and Exchange Board of India (Sebi) said: "The new system for monitoring foreign investment limits

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NEW DELHI: It’s a flight, Spiderman style!

When Radhakishan Damani-promoted Avenue Supermarts got listed on the bourses just over a year ago – 13 months to be precise – it had a market-cap of Rs 40,000 crore. On Friday, it was eyeing the Rs 1,00,000 crore mark.

This leaves Damani’s wealth (including his family’s) at $12 billion (as estimated by For

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Markets during the week have marched higher and higher with low volatility in a show of strength despite fears of higher interest rates, rising crude prices and inflationary tendencies. Also, FIIs seem to have given up and changed their stance by turning bullish, which is clearly depicted in their rollover statistics. There are instances in
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NEW DELHI: Oil-to-telecom behemoth Reliance Industries on Friday reported Rs 9,435 crore profit for the March quarter -- its highest ever. The numbers came in line with market expectations.

Below are the key takeaways from the Q4 earnings.

Net profitRIL posted 17.30 per cent year-on-year rise in net profit at Rs 9,435 crore for the March quarter.

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Bandhan Bank climbs 4% ahead of Q4 results
NEW DELHI: The newly-listed Bandhan Bank climbed over 4 per cent early Friday ahead of its March quarterly results due later in the day.

At 11.32 am, the bank traded at Rs 515 on the BSE, up 4.08 per cent.

The Kolkata-based private lender made a dream market debut exactly a month ago as the scrip got listed at Rs 499 on the NSE, a 33 per cent prem

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BSE chairman among those named by CBI in IDBI case
NEW DELHI: Among those named by CBI in its FIR registered against former Aircel promoter C Sivasankaran and his companies in the IDBI Bank Rs 600 crore loan fraud include the chairman of Bombay Stock Exchange, S Ravi, and former CMD of Bank of Baroda, P S Shenoy.

Ravi, according to his biodata on BSE website, is an independent director and

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Reliance Jio Q4 profit up 1.2% QoQ, ARPU falls
NEW DELHI: Reliance Jio Infocomm net profit grew 1.2 per cent sequentially in the fourth quarter, helped by strong subscriber additions. However, average revenue per user (ARPU) fell sequentially triggered by the sharp cut in its base offer to JioPhone users at Rs 49/month, and users moving to lower priced bundled plans.

The Mukesh Ambani-owned

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Global brokerages say 'yes' to YES Bank post Q4 numbers
It's a thumbs-up to YES Bank from global brokerages, including Jefferies and Citi, as the private lender posted a 29 per cent rise in March quarter net profit.

The bottom line at Rs 1,179 crore rode on high loan growth and a decline in dud loans, which boosted its core interest income.

Stock of the mid-sized private lender was up 2.77 per cent at

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KOLKATA|MUMBAI: Private sector lender Axis Bank is facing another Rs 9,000 crore of vulnerable loans which may spoil the lender’s financials in the next two quarters, analysts tracking the banking sector believe.

The third largest private lender reported its worst ever quarterly earnings Thursday while providing record sums of money to cover

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Reliance Jio posts profit of Rs 510 crore in Q4
NEW DELHI: Reliance Jio Infocomm, the telecom arm of Reliance Industries, on Friday posted a sequential growth of 1.20 per cent in net profit at Rs 510 crore for the March quarter.

The company had logged a net profit of Rs 504 crore in October-December of 2017.

Operating revenue went up by 3.60 per cent yoy to Rs 7,120 crore during the quarter

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RBI far from majority view, must report to Parliament
By Ashima GoyalRules are reversing the relationship between monetary and fiscal policies, from monetary accommodation of fiscal deficits (FDs) to independence of central banks with restraints on FDs. One reason is theory that defines active or passive policies in the context of their effect on debt, thus giving a long run focus.

The second reason

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Reliance Industries clocked record profits of Rs 9,435 crore in the fourth quarter of fiscal 2018, up 17 per cent, on higher margins from its petrochemicals, retail and digital services businesses. This indicates that RIL makes around Rs 105 crore a day. Higher earnings from petrochemicals, retail and digital services businesses helped the company
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Market Now: Over 25 stocks hit fresh 52-week highs on NSE
NEW DELHI: Over 25 stocks including Reliance Industries, Biocon, Exide Industries, Jubilant Foodworks and Kotak Mahindra Bank hit fresh 52-week highs on NSE during Friday's trade.

Stocks such as AU Small Finance Bank, Chambal Fertilizers - Chemicals, Cholamandalam Investment and Finance Company, Pidilite Industries, Shriram Transport Finance

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Market Now: Key equity indices up, but over 65 stocks hit fresh 52-week lows on NSE
NEW DELHI: Over 65 stocks including Avadh Sugar - Energy, Bhushan Steel, Bombay Rayon Fashions and Centrum Capital hit fresh 52-week lows on NSE during Friday's trade, remaining immune to the prevailing positive sentiment in broader markets.

Dalmia Bharat Sugar and Industries, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Jaypee Infratech,

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ET INTELLIGENCE GROUP: Investors in Reliance Industries (RIL), India’s biggest private company by profit, will likely watch one key metric while assessing Jio’s future valuations: Its return on capital employed (RoCE).

The telecom arm of the company owned by India’s richest man, Mukesh Ambani, has been at the vanguard of a data revolution in the

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Global investors pile into China stocks ahead of MSCI index entry
SHANGHAI: Overseas investors are pumping billions of dollars into Chinese stocks and the country's asset managers are rushing to launch index-tracking funds in a fervent build-up to China's inclusion in MSCI's widely tracked equity benchmarks.

The race to get a foothold in stocks in the world's second-biggest economy just weeks before the MSCI

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Maruti Suzuki gains 2% ahead of Q4 results
NEW DELHI: Shares of Maruti Suzuki climbed nearly 2 per cent ahead of its fourth quarter results slated for later in the day. India's biggest carmaker is likely to post double-digit growth in bottom and top line, say analysts.

The stock rose 1.8 per cent to hit a high of Rs 9,109.75 on BSE at around 10 am (IST).

Karvy Stock Broking sees a 13.60

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Bitcoin frenzy settles down as big players muscle into market
LONDON/NEW YORK/SINGAPORE: After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say.

A worldwide wave of regulation has led to a collapse in trading volumes. Cryptocurrency advertisements are disappearing from top internet pages, and bitcoin

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Top intraday trading ideas for afternoon trade for Friday, 27 April 2018
NEW DELHI: The Nifty50 index was trading near 10,700-mark around 11:40 am (IST) on Friday following buying in bank, auto, energy, pharma and financial stocks.

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

Kunal Bothra, independent market expertLarsen -

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Market Now: These stocks defy positive market mood, crack up to 6% on BSE
NEW DELHI: Shares of Videocon (down 6.03 per cent), PC Jeweller (down 4.47 per cent) and Rallis India (down 4.44 per cent) cracked up to 6 per cent on BSE during Friday's trade, defying positive market sentiment.

Stocks such as Larsen - Toubro Infotech (down 3.58 per cent), Cyient (down 3.14 per cent), GATI (down 3 per cent), Great Eastern

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Mumbai: Reliance Jio Infocomm’s net profit rose 1.2% in the March quarter from the preceding one, its second straight quarter in the black, helped by strong user additions despite average revenue per user (ARPU) dropping due mainly to the sharp cut in its base offer to JioPhone users.

For the fiscal fourth quarter, the Mukesh Ambani-owned company,

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Market Now: Sugar stocks move up; Uttam Sugar Mills, Dalmia Bharat Sugar among top gainers
NEW DELHI: Sugar stocks moved up a little during Friday's trade, a day after most of them fell owing to a glut in production and limited offtake.

Triveni Engineering - Industries (up 6.27 per cent), K.M.Sugar Mills (up 3.66 per cent), Uttam Sugar Mills (up 3.58 per cent), Dalmia Bharat Sugar - Industries (up 2.66 per cent), Dwarikesh Sugar

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Axis Bank surges 5% despite Q4 loss; what experts say
NEW DELHI: Axis Bank climbed over 5 per cent on Friday even as the lender disappointed Street with its first ever quarterly loss. It moved up on hopes of a cleaner balance sheet ahead.

While most brokerages slashed target price for the scrip, their projections came in higher.

The stock rose 5.5 per cent to hit a high of Rs 522 on the BSE.

Jefferie

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