StockMarket

Market Now: These stocks zoom over 10%, defying bearish market temperament
NEW DELHI: Shares of Mishra Dhatu Nigam (up 15.26 per cent), Shekhawati Poly-Yarn (up 12.50 per cent), Vidhi Specialty Food Ingredients (up 12.19 per cent), Bedmutha Industries (up 11.05 per cent) and Future Market Networks (up 10.42 per cent) zoomed over 10 per cent on NSE during Monday's trade even as broader markets were trading in the negative
Details
Category: Stock Market

Write comment (100 Comments)

DCB Bank Q4 net profit rises to Rs 64 cr
NEW DELHI: DCB Bank today reported a net profit of Rs 64 crore in the fourth quarter ended March of 2017-18 on the back of increase in operating profit.

The private sector lender had posted a profit after tax (PAT) of Rs 53 crore in the year-ago period.

In a regulatory filing, the bank said its operating profit rose to Rs 142 crore during the

Details
Category: Stock Market

Write comment (100 Comments)

Indices extend gains for the 7th day, longest since November
Mumbai: Benchmark indices ended up for the seventh consecutive session on Friday, posting their longest gaining streak since November last year. Sentiment was boosted as retail inflation data, released after market hours on Thursday, eased to a five-month low in March and industrial output grew at 7.1 per cent in February.

The Nifty reclaimed the

Details
Category: Stock Market

Write comment (90 Comments)

Market Now: Sensex, Nifty trade lower; these are the top losers on NSE
NEW DELHI: Shares of KSS (down 16.67 per cent), MVL (down 11.11 per cent) and Talwalkars Better Value Fitness (down 10 per cent) were among the top losers on NSE during the early trade on Monday.

Stocks such as Alok Industries (down 9.76 per cent), Rane Brake Lining (down 9.25 per cent), UCO Bank (down 8.31 per cent), Vadivarhe Speciality

Details
Category: Stock Market

Write comment (99 Comments)

US air strikes on Syria: How worried should you be on D-Street
NEW DELHI: The domestic equity market may see some knee-jerk reaction, along with the rest of the world, to the US air strikes on Syria, when trading resumes on Monday.

US early Saturday launched air strikes on Syria in a combined operation with France and Britain in response to a suspected poison gas attack that killed dozens of people last

Details
Category: Stock Market

Write comment (94 Comments)

Idea shares slip on fears of delay in Vodafone merger
Idea Cellular shares ended more than 1% lower in Friday’s trade amid fears that its merger with Vodafone India may get delayed, with the government likely to press both telecom operators to clear their dues of nearly Rs 19,000 crore (about $3 billion) before it clears the deal.

Bank of America Merrill Lynch, in a report to clients dated April 13,

Details
Category: Stock Market

Write comment (96 Comments)

Market Now: Over 25 stocks defy subdued market mood, hit fresh 52-week highs
NEW DELHI: Defying the prevailing subdued market mood, over 25 stocks, including Ashok Leyland, Britannia Industries and Escort hit fresh 52-week highs on NSE during Monday's trade.

Balkrishna Industries, Indiabulls Ventures, IndusInd BankKotak Mahindra Bank, Nestle India, Pidilite Industries, Sandhar Technologies, SRF and Tech Mahindra also

Details
Category: Stock Market

Write comment (92 Comments)

In our previous weekly note, we had mentioned that we continue to remain in the 27-month-long upward rising channel, which is the primary uptrend. We had also expected the gains to get extended in the coming week.

In line with that analysis, the market extended its gains during the week gone by. The benchmark Nifty50 index ended the week, gaining

Details
Category: Stock Market

Write comment (98 Comments)

Bengaluru: Infosys said revenue would grow below the pace forecast for the software industry, muting expectations for the first full year of Salil Parekh’s CEO-ship even as India’s second-largest software firm aims for a fresh start by shedding the legacy of former CEO Vishal Sikka.

The Nasdaq-listed company said it is seeking buyers for two firms

Details
Category: Stock Market

Write comment (95 Comments)

Alok Industries tumbles 5% as lenders reject RILrevised offer
Shares of Alok Industries hit lower circuit of nearly 5 per cent in opening trade on Monday after lenders to the company reject a revised offer by Reliance Industries-JM Financial Asset Reconstruction Company to acquire the bankrupt company.

The scrip slipped 4.95 per cent to Rs 3.84, whereas benchmark BSE Sensex was down 0.23 per cent at 34,113

Details
Category: Stock Market

Write comment (94 Comments)

ETMarkets Special Weekend Podcast: How rising crude oil prices can impact India
Hi there, This is Saloni Goel from ETMarkets.com and it is a special podcast on how rising crude oil prices can impact India.Air strikes on Syria by US, British and French forces in response to a suspected poison gas attack that killed dozens of people has suddenly put the crude oil market in a state of flux. For India, this could prove to be a
Details
Category: Stock Market

Write comment (92 Comments)

Mumbai: The Reserve Bank of India (RBI) has pointed out a ‘conflict of interest’ between State Bank of India (SBI), the country’s largest lender, and its subsidiary, SBI Capital Markets.

SBI Capital is a leading player in syndication of big-ticket loans for corporate India and rejigging of debt amid rising stress. The regulator has conveyed its

Details
Category: Stock Market

Write comment (91 Comments)

Infosys plunges 6%; what 5 top foreign brokerages say
NEW DELHI: Shares of Infosys dropped 6 per cent in Monday's trade and tested Rs 1,100-level briefly, tracking its American depositary receipt (ADRs) on the New York Stock Exchange that dropped 7.7 per cent to $16.62 per share post the IT major's march quarter results on Friday.

The stock fell as the company lowered its margin guidance to 22-24

Details
Category: Stock Market

Write comment (98 Comments)

Room to grow Hospitality stocks show they can go the distance
By DK AggarwalWith the steady increase in foreign tourist arrivals and a simultaneous increase in domestic airline passenger traffic, the hospitality sector has witnessed a healthy growth despite multiple challenges like curbs on liquor sale and the GST rollout.

Actually, the sector had been under pressure and into a near-debt trap after the

Details
Category: Stock Market

Write comment (97 Comments)

Reliance Jio raises Rs 2,500 crore via domestic bonds
MUMBAI: Mukesh Ambani-led Reliance Jio, an emerging telecom giant, has hit the domestic corporate bond market marking it the largest transaction in this financial year.

The top-rated company has raised Rs 2,500 crore from Axis Bank, the sole arranger for the five-year money, two people familiar with the matter told ET. The deal has been concluded

Details
Category: Stock Market

Write comment (98 Comments)

12 money-making ideas that can deliver solid returns in 3 weeks
NEW DELHI: Third time lucky! The bulls on Dalal Street came out with flying colours for the third week in a row, with both the headline indices shutting shop with handsome gains.

The S-P BSE Sensex added 565 points, or 1.68 per cent, for the week gone by to settle at 34,192, while the broader Nifty50 soared 149 points, or 1.44 per cent, to

Details
Category: Stock Market

Write comment (90 Comments)

By Camila Russo

Bitcoin HODLers are seeing some light in the bear-market tunnel.

While it remains to be seen whether it’s the end of this year’s slump, the 20 per cent gain over the last five days has them cheering. The largest cryptocurrency posted its biggest weekly advance since just before it peaked at almost $20,000 in December. Other large

Details
Category: Stock Market

Write comment (100 Comments)

With attrition touching 20%, Infosys announces $10 million special bonus pool for employees
Infosys said it had created a special bonus pool of $10 million to be paid out to its over 200,000 employees in addition to their regular quarterly variable pay, at a time when its attrition is 20 per cent .

The special bonus pool comes at a time when the Bengaluru-headquartered IT company said it was looking to return upto Rs 13,000 crores to

Details
Category: Stock Market

Write comment (99 Comments)

Market Now: PSU bank stocks fall on reports of a surge in NPA
NEW DELHI: Most of the PSU bank stocks were trading down during the early trade on Monday on reports that non-performing assets (NPAs) or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore as advances to the scam-hit Gitanjali Gems group have turned bad during the quarter ended March 31.

Banks will have to make

Details
Category: Stock Market

Write comment (95 Comments)

By Sarah Ponczek

James Comey. Robert Mueller. Michael Cohen. Rod Rosenstein. These are names you’re probably hoping not to hear if you’re holding stocks heading into the weekend.

Headline risk is high. There’s China trade tensions and war in the Middle East. Still, the S-P 500 Index is poised to end the week up 2 percent. Things have been a l

Details
Category: Stock Market

Write comment (92 Comments)

Government to launch this fiscal's first tranche of gold bond on April 16
The government today announced this fiscal's first tranche of sovereign gold bond (SGB) and its subscription will open on April 16.

The sovereign gold bond 2018-19, Series-I, will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges namely the NSE and BSE, the finance

Details
Category: Stock Market

Write comment (100 Comments)

FPIs infuse Rs 3,935 crore in debt markets in a fortnight
NEW DELHI: Foreign investors have pumped in Rs 3,935 crore into the Indian debt markets in the first fortnight of the month, driven by a stable currency and attractive bond yields.

This comes following a net outflow of Rs 12,750 crore in the last two months (February-March) largely due to a surge in interest rates in home markets as well as rupee

Details
Category: Stock Market

Write comment (93 Comments)

By Pratish Narayanan

The case for owning commodities has rarely been stronger, according to Goldman Sachs Group Inc.

With raw materials rallying on escalating political tensions across the globe and economic growth remaining strong, the bank’s analysts including Jeffrey Currie doubled down on their “overweight” recommendation. They reiterated a view

Details
Category: Stock Market

Write comment (91 Comments)

Wall St drops as JPMorgan leads bank stocks lower
Wall Street major indexes fell on Friday morning, erasing all their gains coming out of the opening bell as JPMorgan led a sharp reversal in financial stocks.

JPMorgan dropped 1.7 percent after its profit missed estimates as lower investment banking revenue offset gains from higher interest rates and a jump in trading revenue.

Shares of Wells

Details
Category: Stock Market

Write comment (96 Comments)

Banks' NPAs to rise by Rs 8,000 crore in Q4 on account of Gitanjali Gems
NEW DELHI: Non performing assets (NPAs) or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore as advances to the scam-hit Gitanjali Gems group have turned bad during the quarter ended March 31.

Banks will have to make provisioning of Rs 8,000 crore for Gitanjali alone as there has been no servicing of the working

Details
Category: Stock Market

Write comment (100 Comments)

The domestic equity market crawled up slowly amid war-like threats between the US, its allies and Russia during the week gone by. Certain stocks remained muted with virtually no strength to inch higher and remained rangebound throughout the week in spite of bullish global cues.

When global cues were positive, Indian markets were lethargic, which

Details
Category: Stock Market

Write comment (92 Comments)

Gold demand picks up ahead of Akshaya Tritiya
MUMBAI/BENGALURU, April 13 (Reuters) - Physical gold demand in second-biggest consumer India saw an uptick this week ahead of a key festival, although higher prices weighed on sentiment across the broader Asian markets.

Next week Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

"Many

Details
Category: Stock Market

Write comment (100 Comments)

Syria strike, Q4 results among 8 factors that will drive Dalal Street next week
NEW DELHI: Geopolitics returns to haunt markets this week after the US and allies launched air strikes on Syria over the weekend, raising Middle East tensions, which have the potential to trigger a major spike in crude oil price.

Good times for the bulls continued on Dalal Street for the third week in a row, as both headline indices went home with

Details
Category: Stock Market

Write comment (94 Comments)

ET Intelligence Group: IT bellwether Infosys expects to retain growth in dollar-denominated revenue for the current fiscal between 7 per cent and 9 per cent compared with the 7.2 per cent growth in FY18. Keeping the currency rates constant, the growth is expected to be 6-8 per cent.

While it reflects that the company is less likely to report

Details
Category: Stock Market

Write comment (93 Comments)

Forex reserve hits record high of $424.86 billion
The country's foreign exchange reserves rose by USD 503.6 million to touch a life-time high of USD 424.864 billion in the week to April 6, aided by increase in foreign currency assets, the Reserve Bank said today.

In the previous week, the reserves had surged by USD 1.828 billion to USD 424.366 billion.

It had crossed the USD 400-billion mark for

Details
Category: Stock Market

Write comment (96 Comments)