StockMarket

FIIs selling across sectors, but are gung-ho on these 12 smallcaps
NEW DELHI: Foreign investors’ love for second-rung stocks is testing the limits.

At a time when FIIs have rapidly cut exposure to the domestic market – they have already withdrawn half of what they had invested in FY18 – their investment in some midcap and smallcap stocks has hit record high.

FIIs are liberally putting in money in these stocks

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The Thursday’s session remained extremely rangebound, as the NSE benchmark Nifty oscillated in a 20-point range throughout the day, making no directional headway. The Index gained 39.10 points or 0.37 per cent, but showed no conviction on either side.

As we approach the last trading day of the week, we see Friday’s trade getting off on a quiet n

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Energy shares lead Hong Kong stocks to end higher on firm oil prices
Hong Kong stocks ended higher on Thursday, led by energy shares, after oil prices hit their highest since late 2014 as US crude inventories declined and as top exporter Saudi Arabia pushes for higher rates by continuing to withhold supplies.

The Hang Seng index ended 1.4 per cent higher at 30,708.44 points, while the China Enterprises Index closed

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MUMBAI: Billionaire Dilip Shanghvi of Sun Pharma has bought 3.8 per cent stake in Unichem Laboratories through his firms Alrox Investment, Family Investment and Airborn Investment, data on the shareholding pattern of Unichem showed.

As on March 31, 2018, Alrox Investment and Finance held 1.42 per cent, while Family Investment and Airborn

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RBI minutes: A rate hike might just be round the corner
Mumbai: A hike in interest rates might just be round the corner going by the minutes of the Monetary Policy Committee (MPC) released on Thursday. The common concern is the impact on inflation of the proposed hike in minimum support prices, fiscal concerns and the lagged impact of house rent allowances as recommended by the pay commission. Besides,
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Housing finance firms a big story, and investors are loving it
Housing finance companies never had it so good. Supportive policy framework and more disposable income are creating a perfect mix for them. And investors are in a state of awe.

The segment has already brought out many multibaggers over the past 5-10 years. Still, analysts give a big thumbs-up to HFCs, considering the promise the sector shows.

Let'

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Market Now: IT stocks surge up to 5% on weakness in rupee
NEW DELHI: A fresh fall in Indian rupee and better-than-expected earnings by industry heavyweight Tata Consultancy services seem to have augured well for IT stocks.

The Nifty IT index was trading 3.39 per cent up at 13,724 around 10:35 am (IST) on Friday with majority of the components in the green.

Shares of Tata Consultancy Services (up 4.95 per

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TCS tops Street view in Q4, hands out double bonanza to investors; 6 key takeaways
NEW DELHI: India’s top IT outsourcing firm TCS on Thursday reported better-than-expected earnings for January-March, with highest-ever incremental dollar growth for the fourth quarter.

The firm’s Rs 6,904 crore profit in the gone-by quarter was more than ETNow estimate of Rs 6,812.5 crore.

The board of the Tata group firm also announced a final di

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IndusInd Bank Q4 profit up 27%: Top 5 highlights
Private lender IndusInd Bank announced its March quarter earnings on Thursday, which were pretty much in line with expectations, but with a marginal jump in bad loans.

The stock developed cold feet immediately after the news and gave up its early gains. It traded 1.34 per cent down at Rs 1,819.85 at around 2 pm whereas the Sensex moved up 96

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Market Now: TCS, Infosys among most active stocks in terms of value
NEW DELHI: Tata Consultancy Services (Rs 1432.86 crore), Infosys (Rs 564.35 crore) and BPCL (Rs 197.58 crore) were among the most active stocks in terms of value on NSE during the early trade on Friday.

Hindalco Industries (Rs 196.31 crore), HCL Technologies (Rs 160.78 crore), Vedanta (Rs 158.91 crore), YES Bank (Rs 142.43 crore), Tata Steel (Rs

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TCS Q4 profit rises 4.5% YoY to Rs 6,904 crore, approves 1:1 bonus issue
NEW DELHI: Tata Consultancy Services (TCS), the largest Indian IT firm by sales, on Thursday reported a 4.48 per cent year-on-year (yoy) rise in consolidated net profit at Rs 6,904 crore for the March quarter.

The number topped Rs 6,812.5 crore profit estimate by analysts in an ETNow poll.

The IT services, consulting and business solutions firm

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By Enda Curran

Central banks in emerging economies are more likely to surprise investors with unexpected decisions than their counterparts in developed nations, according to a study by Bloomberg Economics.

An analysis of decisions from Group of 20 central banks since 2010 found that the Federal Reserve surprised the least, while major emerging

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Key takeaways from IndusInd Q4 results
Mumbai : IndusInd Bank reported a 27 per cent rise in net profit on-year for the fourth quarter of FY18, mainly due to higher interest income, even as the bank reported an uptick in non-performing assets (NPAs) and its computation of bad loans showed a divergence from the central bank’s assessment for FY17. Net profit rose to Rs 953 crore from Rs 7
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NEW DELHI: Stocks lacked spark on Thursday, but ultimately did a good job by staying positive at the close of the session.

Earnings play dominated the proceedings, but simmering crude threatened to throw a spanner in the works.

The Sensex bounced 96 points to 34,427 while the broader Nifty added 39 points to shut shop at 10,565.

Let's see who all

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HDFC Bank to put out Q4 numbers this Saturday; Herewhat to expect
HDFC Bank, India's biggest lender by market capitalisation, is expected to report an annual 20 per cent growth in net profit for the March quarter. The private lender is gearing up to announce its results this Saturday.

The lender may report net profit of Rs 4,788.50 crore in January-March over Rs 3,990 crore in the same quarter last year,

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India story would be damaged if Modi is not re-elected, says Chris Wood
The India story would be badly damaged if Prime Minister Narendra Modi is not re-elected, said CLSA's Chief Strategist Christopher Wood in his widely read weekly newsletter 'Greed - Fear'.

Wood said that India has not been the flavour of the month so far in 2018 due to a sell off in the bond market and concerns about renewed weakness in the

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Tech view: Nifty50 forms 'Doji Cross'; key resistance at 10,580 level
NEW DELHI: Nifty50 reclaimed the 10,550-mark in a lacklustre trade on Thursday. The index moved in a small 26-point range for the session to end up forming a ‘Doji Cross’ candle on the daily chart.

The index may continue to consolidate around the prevailing levels and face tough resistance at 10,580 in the extreme short term.

For the day, Nifty50

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IndusInd Bank Q4 profit jumps 27% YoY to Rs 953 crore; meets expectations
NEW DELHI: Private lender IndusInd Bank on Thursday reported a 26.8 per cent rise in net profit at Rs 953.09 crore for the quarter ended March against Rs 751.61 crore in the year ago period. The figures were in line with ETNow poll of Rs 955 crore.

Total income of the bank stood at Rs 5,858.62 crore against Rs 5,041.31 crore in corresponding

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Market Now: PNB, Hindalco among most traded stocks on NSE
NEW DELHI: Punjab National Bank (number of shares traded: 0.69 crore), Hindalco Industries (0.68 crore) and Ashok Leyland (0.56 crore) were among the most traded stocks on NSE during the early trade on Friday.

Vedanta (0.49 crore), BPCL (0.49 crore), Tata Consultancy Services (0.41 crore), ICICI Bank (0.41 crore), Infosys (0.40 crore), YES Bank

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F O: Nifty50 must hold above 10,480 to extend gains towards 10,630
By Chandan TapariaThe Nifty index opened positive and remained in a narrow range for the entire session on Thursday. It formed an 'Inside Bar' on daily scale, which generally implies sideways momentum in the market.

The index finally negated its higher highs formation after 14 consecutive trading sessions. Now, till Nifty holds above 10,480 zones,

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Industrials lead the pack as earnings dominate European stocks trading
LONDON: Industrial and commodities-focused stocks made gains on Thursday as earnings and basic resource prices spurred them higher, while the main European indices declined, showing signs of fatigue after a two-day rally took them to six-week highs.

Earnings dominated trading, with Swiss industrial equipment maker ABB and French electric

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TCS rallies 5% to hit record on solid Q4; more gains on the way
NEW DELHI: India's leading IT firm TCS jumped 5 per cent on Friday to hit a new all-time high on solid quarterly earnings as the company beat Infosys with a faster dollar-denominated revenue growth for 2017-18.

The stock rose 5 per cent to hit a fresh peak at Rs 3,357 on the BSE as the Q4 show beat Street expectations. It cut down gains and traded

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Sensex, Nifty back in green as banks, metals shine
A day after taking breather, Indian stock market ended in the green on buying in financials, engineering, metals and IT counters.

The BSE Sensex ended higher by 95.61 points, or 0.28 per cent to 34,427.29. Likewise, the NSE Nifty index gained 39.10 points, or 0.37 per cent to 10,565.30.

As much as 60 per cent stocks in the Nifty index closed in

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FedWilliams plays down yield risks
John Williams, who takes the helm of the powerful Federal Reserve Bank of New York in June, played down risks the yield curve would become inverted as the US central bank gradually raises interest rates.

Speaking in Madrid Tuesday, the current president of the Fed’s San Francisco branch said a truly inverted yield curve “is a powerful signal of rec

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Kenneth Andrade's firm buys 2% stake in Hathway Cable
Kenneth Andrade-owned Old Bridge Capital Management on Thursday bought 1.6 crore shares of Hathway Cable - Datacom, which represents 2% stake in the company, bulk deal data on the BSE showed.

Old Bridge bought the stake at Rs 39.5 per share. Andrade, who formerly worked with IDFC Mutual Fund, is known for his mid cap picks.

The bulk deal

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Sebi scans Facebook 'likes'; finds evidence in insider trading case
To catch manipulators, markets regulator Sebi has started looking at Facebook accounts of suspected persons, with 'friends' and 'likes' for posts being scanned in insider trading cases.

The watchdog checked the Facebook profiles of suspected persons to ascertain whether they were 'connected' in a case related to violation of insider trading norms.

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Japan's Nikkei reaches 7-week high on relief over US-Japan summit outcome
TOKYO: Japanese shares rose to a seven-week high on Thursday, with investors relieved that the United States did not make new trade demands at this week's summit between Japanese Prime Minister Shinzo Abe and US President Donald Trump.

Steelmakers and non-ferrous metal firms - some of the worst performers since Trump announced steel and aluminium t

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Metal stocks outperform on rise in commodity prices
Mumbai

Metal stocks outperformed in Thursday’s trade on uptick in global metal prices, with the BSE Metal index surging 4.5% to 14828.33-its highest closing level since March 1.

Hindalco Industries was the best gainer on the metal index, surging 9.1% to Rs 264.75 followed by National Aluminium Company, Vedanta and JSW Steel which rallied 4.3-9.0%.

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MCX signs MoU with NITMA for educating its members
Multi Commodity Exchange of India Ltd (MCX) has entered into an MoU with the Northern India Textiles Mills’ Association (NITMA) for educating NITMA’s members and other relevant stakeholders on the use and benefits of cotton derivatives.

Cotton constitutes about 59 percent in the raw material basket of the Indian textile industry. The global cotton

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By Ameya KarveWhile Indian equities have been pinched this year by internal and external concerns including the threat of a global trade war, rising crude oil poses a bigger danger, according to Tata AIA Life Insurance Co.

“Even as we are broadly constructive on Indian equity markets, risks arise from a possibility of a surge in crude oil prices f

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