StockMarket

NEW DELHI: The domestic equity market ended in the green on Friday amid heavy buying on counters such as energy, financials and IT, thus ending its longest winning streak since November 2017.

The S-P BSE Sensex added 91 points to close the session at 34,192, while NSE's Nifty50 gained 22 points to close above 10,450 level at 10,480.

There has

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NEW DELHI: March did not turn out to be a good month for the stock market, considering 3 per cent, or 1,000-point, decline in the Sensex. But fund houses have stood their ground, busy churning their portfolio at an aggressive pace.

The stocks have corrected, mostly because of nervous global sentiment and over Rs 10,000 crore worth of primary

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Market Now: Telecom index up; Bharti Infratel jumps 2%
NEW DELHI: The BSE Telecom index was trading 0.84 per cent up at 1,317 around 11:05 am (IST) on Friday with Bharti Infratel (up 1.99 per cent) as the top gainer.

GTPL Hathway (up 1.45 per cent), Reliance Communications (up 1.35 per cent), Idea Cellular (up 1.30 per cent), GTL (up 1.14 per cent), Himachal Futuristic Communications (up 1.07 per

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Tech view: Nifty forms ‘Spinning Top&; bulls under strong pressure
NEW DELHI: The Nifty50 climbed for the seventh consecutive session on Friday. The index formed a ‘Spinning Top’ candle on the daily chart, suggesting that the bulls are seeing strong resistance at higher levels.

For the day, the index rose 21.95 points, or 0.21 per cent, to close at 10,480.

“The Spinning Top candle on the daily chart suggests that

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Ashok Leyland rallies 3% on Rs 100 crore order win
Shares of Ashok Leyland rallied over 3 per cent in early trade on Friday after the company informed bourses that it has won an order for 10x10 vehicles to carry the smerch rockets from the Ministry of Defence.

The scrip was trading 3 per cent up at Rs 149.20 at around 10.40 am (IST) on BSE. Shares of the company opened at Rs 145.10 and touched a

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Could the Fedrate hikes trigger a debt bomb
By Satyajit DasThe US Federal Reserve minutes released Wednesday show that central bank officials are increasingly committed to raising rates and shrinking the bank’s balance sheet. While economic signs remain mixed, continued growth, rising inflationary expectations, tightening labor markets and the need to temper asset prices would all seem to a
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Infosys Q4 results: 11 key takeaways you must know
NEW DELHI: IT bellwether Infosys on Friday unveiled its first quarterly numbers under new CEO Salil Parekh. The figur es were pretty much in line with Street expectations.

“Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. ‘Navigating Your Next’ is our aspiration of how we wi

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Buy TeamLease Services, target Rs 2,721: Religare Securities
Religare Securities has a buy call on TeamLease Services with a target price of Rs 2,721.

The current market price of TeamLease Services is Rs 2,250.

Time period given by the brokerage is one year when TeamLease Services price can reach the defined target. Investment rationale:TEAM enjoys leadership position in the highly fragmented flexi-staff

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$105 billion ‘ghost stock& blunder rocks Korea
Seoul: Someone at Samsung Securities Co, one of South Korea’s largest brokerages, was trying to pay employees 1,000 won (93 US cents) per share in dividends under a company compensation plan. Somehow, they gave them 1,000 Samsung Securities shares instead. In total, the company distributed 2.83 billion shares, worth — on paper — about 112.6 tri
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Panaya, the firm that undid Sikka regime at Infosys, lined up for sale
IT major Infosys’ courtship with Israeli software service company Panaya is ending in three years.

The acquisition of the cloud-based application delivery and test automation solutions provider in 2015 had kicked off a major crisis in India’s second largest IT firm, when its co-founder NR Narayana Murthy raised a storm over lack of transparency in

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Buy MindTree, target Rs 895: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on MindTree with a target price of Rs 895.

The current market price of MindTree is Rs 856.

Time period given by the analyst is Intra Day when MindTree price can reach defined target.

Manas Jaiswal recommended keeping a stop loss at Rs 835.

MindTree, incorporated in the year 1999, is a Large Cap

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Market Now: Private bank stocks up; Kotak Mahindra Bank, ICICI Bank advance 1%
NEW DELHI: Most of the private bank stocks were trading with gains during the early trade on Friday.

The Nifty Private Bank index was trading 0.63 per cent up at 14,388 around 10:35 am (IST) with all components in the green.

Shares of Kotak Mahindra Bank, IDFC Bank, ICICI Bank, South Indian Bank, YES Bank and Axis Bank climbed up to 1 per cent.

Fe

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F O: Bulls not loosening grip, but bears, too, are not giving in
By Chandan TapariaThe Nifty50 index opened with gap up on Friday, but witnessed selling at higher levels and corrected towards 10,451 level. It formed a Spinning Top candle on the daily scale, which means the bulls are not loosening their grip, but the bears are putting pressure at higher levels.

The index has been making higher highs for last 10

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Top intraday trading ideas for afternoon trade for Friday, 13 April 2018
NEW DELHI: The Nifty50 index was trading above 10,500 around 11:40 am on Friday following buying in frontline bluechip counters.

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 expertAurobindo Pharma is a 'Buy' call with a target

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ET Intelligence Group : After a dampened volume growth of under 6 per cent for the past five years, the cement sector is expected to report a turnaround in sales volume over the two quarters to FY19. It will be driven by factors such as the recent slew of consolidation among companies, incremental demand before the elections in various states and
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Infosys posts 28% QoQ drop in Q4 profit at Rs 3,690 cr; gives guidance for 6-8% CC revenue growth for FY19
NEW DELHI: India’s second largest IT firm Infosys on Friday reported a 28.2 per cent drop in sequential net profit at Rs 3,690 crore for the March quarter.

The IT major had reported a net profit of Rs 5,129 crore in the December quarter and Rs 3,603 crore in the same quarter last year.

March was the first full quarter for Infosys under its new

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Former Indiabulls promoter, Lone Star invest $200m each in new fin JV
Mumbai: US-based stressed assets fund Lone Star and former promoter of Indiabulls, Rajiv Rattan, have formed an equally-owned joint venture finance company to make it one of India’s top five wholesale and retail financiers. The partners have invested $200 million (Rs 1,300 crore) each in the company, RattanIndia Finance, and committed to further f
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Market Now: Apollo Tyres, Britannia, Kotak Bank among stocks that hit fresh 52-week highs
NEW DELHI: Over 25 stocks including Abbott India, Apollo Tyres, Britannia Industries, Chambal Fertilizers - Chemicals and Escorts hit fresh 52-week highs on NSE during Friday's trade.

Stocks such as Future Lifestyle Fashions, Firstsource Solutions, HIL, IPCA Laboratories, Kotak Mahindra Bank, Nestle India, Orient Press, Pidilite Industries,

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By Bhavana AcharyaPortfolio yields across debt fund categories have been climbing higher in last three months. Debt funds invest in bank and corporate bonds of different maturities – ultra short-term funds, for example, invest in commercial paper and certificates of deposits. Short-term funds may invest in papers of 1-2 year maturities and so on.

A

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Market Now: Sensex, Nifty trade higher, but these stocks plunge 10% on NSE
NEW DELHI: Shares of Uttam Value Steels (down 20 per cent), Samtel Color (down 12.50 per cent), MVL (down 10 per cent) and Talwalkars Better Value Fitness (down 10 per cent) plunged 10 per cent on NSE during Friday's trade, defying the positive sentiment of broader markets.

Shares of TN Telecom (down 5 per cent), SEL Manufact (down 5 per cent), Shi

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ETMarkets Evening Podcast: Market rises; whatyou next step
Hi there! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul, with today's stock trading digest and what seasoned analysts have to offer.

It was Day 6 when stocks had a positive close, this time driven by IT stocks. Growing optimism about an earnings pick-up fed the bulls. Infosys is going to kickstart the January-March results

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Fortis receives unsolicited bid from IHH Healthcare for Rs 160/share
Fortis Healthcare on Friday confirmed that its board has received an unsolicited non-binding expression of interest (EoI) from Malaysia’s IHH Healthcare at Rs 160 per share.

The clarification from the company came after Economic Times on April 12, 2018 reported that IHH was looking to counter TPG-Manipal's bid for Fortis Healthcare.

IHH is the

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Future Lifestyle gains for second session, up 6%
NEW DELHI: Shares of Future Lifestyle Fashions rallied 6 per cent in Friday's trade on reports that Future Specialty Retail, a wholly-owned subsidiary, will be the sole Indian retailer for LeeCooper apparel and footwear.

The stock rose 6.28 per cent to hit a high of Rs 476.7 on BSE around 10.14 am (IST). Jefferies on Thursday initiated coverage on

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After deliberating in the first half of the session, the Nifty attempted to move past its 50-DMA and 200-DMA levels. The market ended in the green for the sixth session in a row with the NIFTY gaining 41.50 points or 0.40 per cent.

The market saw a brief consolidation near the 50-DMA and the 100-DMA mark, which remained in close vicinity at 10,413

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Sensex, Nifty rise for seventh day; IT stocks rally
NEW DELHI: The domestic benchmark indices continued their rally for a seventh straight day underpinned by gains in IT, metal and select bank stocks.

Investment sentiment got a boost from steady industrial production data and easing inflation numbers, which were released on Thursday.

The industrial production grew faster than 7 per cent for the

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Don&t go back on oil sector reform
By Narendra Nathan

Share prices of PSU oil marketing companies like IOC, HPCL and BPCL tumbled on April 11 based on reports that government has asked them to accept a cut of one rupee in their marketing margins(i.e. not to increase prices in line with international prices).

Their share prices did not recover even after oil minister Dharmendra

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Wall Street jumps on earnings optimism, Syria worries ebb
Wall Street stocks bounced higher on Thursday as expectations that lower U.S. taxes would fuel corporate earnings added to easing of nerves over U.S. military conflict with Russia in Syria.

Growth stocks including technology, financial and industrial stocks led gains on the main U.S. indexes.

Boeing rose 1.53 percent and was the biggest boost to

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Analysts uncertain on RBI rate cut due to inflation concerns
Even as inflation cooled to 4.3 per cent for March led by food prices, analysts are not so certain about a policy rate cut by Reserve Bank in the near future on worries of a rise in the headline number.

American brokerage Morgan Stanley, has said that the rise in inflation in the second half of the year which the RBI's lowered estimate also

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This stock has soared 44,000% in 10 years, promises cool returns in this hot summer
Air-conditioner manufacturers are doing roaring business across India these days. And so are air-coolers producers.

Even though it is more of seasonal demand, which soars during the scorching Indian summers, the opportunity is so big that discerning equity investors are making money all the through year.

Ahmedabad-based Symphony commands over 50

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Sebi issues disclosure norms to govern new MF schemes post-merger
In order to standardise performance disclosure of schemes once they have been merged, markets regulator Sebi today asked mutual funds to disclose the weighted average performance of the new as well as the old product.

There are no specific guidelines at present to govern the depiction of performance of the surviving scheme, pursuant to merger of MF

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