StockMarket

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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Markets now: Electrosteel Steels, PNB, MIDHANI among most active stocks in terms of volume
Shares of Electrosteel Steels (number of shares traded: 1.26 crore), Reliance Communications (1.11 crore), JP Associates (0.87 crore), Midhani (0.59 crore), Sanwaria (0.58 crore) and Punjab National Bank (0.53 crore) were among the most traded securities on the National Stock Exchange in Wednesday’s session.

Electrosteel Steels hogged limelight

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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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Equity funds that delivered big returns last year owed it to these 35 smallcaps
Smallcap stocks created much more wealth for equity mutual funds in last one year compared with midcaps and largecaps. More than 30 smallcap stocks, which are among the top favourites of domestic fund managers, ran up as much as 1000 per cent in just a year’s time.

Smallcap-focussed equity funds delivered an average of 21 per cent return for last

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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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Dabur India gains after CLSA raises target price
NEW DELHI: Shares of FMCG firm Dabur India soared as much as 2.8 per cent to Rs 353.6 apiece on Wednesday, their highest level since February 2 after foreign brokerage CLSA said the outlook for consumer staple firms are improving with the forecast for normal monsoon in 2018.

It says normal monsoon will be positive for consumer sector and companies

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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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Technical indicators show the ongoing rally in gold is likely to continue in the near term. That could be a good reason for you to consider adding some yellow metal to your portfolio this Akshay Tritiya.

Weekly gold price charts show a bullish Ascending Triangle formation. Momentum indicator Moving Average Convergence Divergence or MACD has

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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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Amtek auto subsidiary gets two bids
MUMBAI : Liberty House and Deccan Value have bid for bankrupt Castex Technologies, a subsidiary of Amtek Auto, with both offering about 20 per cent of overdues, said two senior bank officials who did not want to be identified.

“We have received two binding bids and both the offers are in the range of Rs 1,400 crore to Rs 1,500 crore,” said a sen

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Markets now: Infosys, TCS among most active stocks in value terms
DHFL (Rs 156 crore), ICICI Bank (Rs 137 crore), TCS (Rs 129 crore), Infosys (Rs 120 crore) and Hindalco Industries (Rs 114 crore) turned out to be most active stocks in terms of value on the National Stock Exchange (NSE).

Vedanta Ltd (Rs 111 crore), MIDHANI (Rs 89 crore), Canara Bank (Rs 89 crore) and Titan (Rs 76 crore) were other big names on

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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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Credit lines intact for most Indian clients
MUMBAI: DeBeers, the world’s leading supplier of rough diamonds, is confident that credit lines to its clients in India – home to the globe’s largest jewellery-polishing industry – would remain largely intact despite the alleged involvement of two preciousstone merchants in a $2-billion banking fraud.

“Most of our sightholders (clients) tell us t

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Market Now: HUL, VIP, Nestle among 25 stocks that scaled fresh 52-week highs
Domestic equity markets extended their gains for 10 straight sessions on Wednesday following firm global cues.

More than 25 stocks on the National Stock Exchange (NSE) scaled their fresh 52-week highs in early trade.

The list included stocks like Taj GVK Hotels, Hindustan Unilever, Mindtree, Nestle, Asian Hotels (W), Zenith Exports, Pidilite

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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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Top intraday trading ideas for afternoon trade for Monday, April 18, 2018
NEW DELHI: The Nifty50 index was trading 31 points higher at 10,557.20 at 11:53 am (IST) on Wednesday, tracking upbeat global peers.

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, Tech Picks Head -Technical Research, IIFL

Dabur is a 'buy' call with

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NEW DELHI: Ace investor Rakesh Jhunjhunwala and his better-half Rekha Jhunjhunwala first bought this stock in 2005. Over the next two-three years, the couple steadily raised stake in the company to over 9 per cent and made sure their combined stake never fall below 8-10 per cent. That’s the story for more than a decade now.

And Titan has

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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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Why 2018 in markets feels so awful
By Barry Ritholtz

Last year was unusual in many respects for financial markets. When expectations for how events normally unfold become challenged by data way outside its normal range, it is easy to imagine the world has gone mad. A science-fiction genre exists where the protagonists have jumped to (or awoken in) an alternative world. Think “The M

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Inflation in US will offer pleasant surprise to equity markets
By Neil Dutta

To some, the US economy is on the verge of experiencing a sharp upturn in inflation that will force the Federal Reserve to accelerate the pace of interest-rate increases. The reality is that the balance of risks around inflation has normalised, which should be good news for equity markets that have been on high on alert for the

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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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This first-generation smallcap petrochemicals firm has been busy doubling its bottom line as well as investor wealth for some time now. Financial year 2017-18 was the fourth consecutive year when Bhansali Engineering Polymers (BEPL) posted over 100 per cent growth in net profit.

Shares of the company have been doing wonders on Dalal Street, with a

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Vedanta up 2%, Electrosteel Steels down 5% post NCLT okay
NEW DELHI: Vendata went up 2 per cent, but Electrosteel Steels dropped 5 per cent on Wednesday after the NCLT's Kolkata bench approved a Rs 5,320-crore resolution plan for the latter.

This paves the way for acquisition of Electrosteel Steels by the local unit of London-listed Vedanta Resources. The process is likely to kick off shortly.

Electrostee

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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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Phillips Carbon Black hits upper limit, post stock split
Phillips Carbon Black (PCBL) hit upper circuit of 5 per cent after the company executed stock split in the ratio of 1:5.

This means one share of PCBL of face value of Rs 10 has been sub-divided into five of face value of Rs 2 per share.

The record date for the same is April 20 while the ex-date for the same is April 19.

Shortly after opening at Rs

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Mumbai: Shares of hotel companies gained up to 20 per cent on Tuesday amid expectations of the holiday season bringing in robust demand, which will result in higher room rates and increased occupancy.

Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels, Kamat Hotels (India) and Viceroy Hotels rallied

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