StockMarket

F O: Buying momentum is missing at Nifty-s higher level
By Chandan TapariaThe Nifty50 index continued to form higher highs for the seventh session and headed towards the 10,424 level. It formed a Spinning Top candle on the daily chart and now the pace of buying momentum is missing at higher levels after a 470-point recovery in last three weeks.

The index managed to close in the positive above its

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Hinduja Leyland Finance plans to file Rs 1,000 crore IPO in April
SINGAPORE: Hinduja Leyland Finance plans to file a draft prospectus later this month as it looks to revive an IPO of up to Rs 10 billion (US$154m), people with knowledge of the transaction said.

The IPO is likely to be launched in the second half of 2018. The company filed for a Rs 7 billion IPO in 2016 but did not go ahead as the federal

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Xi Jinping urges dialogue, not confrontation, after Trump seeks tariffs
BOAO, China — President Xi Jinping on Tuesday portrayed China as committed to opening its economy as he presented an alternative vision to President Donald Trump’s calls for tariffs and restricting trade with China, urging “dialogue rather than confrontation.”

Speaking publicly for the first time since the beginning of an escalating trade dispute

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Sensex extends gains for fourth day, Nifty reclaims 10,400
NEW DELHI: Indian equity benchmarks rose for a fourth straight session on Tuesday, buoyed by positive global cues following China's President Xi Jinping’s comments on the opening up of world's second-largest economy.

Other than the favourable global cues, buying in metal, bank and IT stocks and hopes of better earnings boosted market sentiment.

Th

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China stocks have best day in 7 weeks as Xi's speech eases trade war fears
SHANGHAI: China's stock markets rallied on Tuesday as President Xi Jinping's vow to further open up the economy soothed fears of a trade war with the United States.

The blue-chip CSI300 index rose 1.9 per cent, to 3,927.17 points, while the Shanghai Composite Index gained 1.7 per cent to 3,190.32, in their best single-day performance in seven

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By Yumi TesoWhile there’s still skepticism that India’s state-run banks will get back into the nation’s sovereign bond market, overseas investors are keen to buy more of the notes after the central bank granted them greater access.

India’s high yields and relatively stable currency have spurred Mitsubishi UFJ Kokusai Asset Management to buy more r

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Avenue Supermarts m-cap crosses Rs 90,000 crore mark
Avenue Supermarts, the parent of hypermarket chain D-Mart, scaled a fresh all-time high of Rs 1,494.80 in the afternoon trade on Monday, with market capitalisation surpassing Rs 90,000 crore-mark for the first time ever since its listing last year.

Its m-cap stood at Rs 39,988.21 crore on the listing day, March 21, 2017.

Nearest biggies Mahindra

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NEW DELHI: The market correction since January has given stock investors much pain. Equity-linked mutual fund flows too have fallen, a clear sign retail participants are worried about future returns. But if we go by analysts' readings, the domestic market looks better-off in comparison to 2013 when the bull run set in, a year before the general
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Market Now: Pharma index in the red; Aurobindo Pharma, Dr. Reddy's Labs slip over 1%
NEW DELHI: Pharma majors Aurobindo Pharma (down 1.50 per cent), Dr. Reddy's Laboratories (down 1.06 per cent) and Cadila Healthcare (down 0.93 per cent) were trading in the negative territory during afternoon trade on Tuesday, keeping the sectoral index down.

The Nifty Pharma index was trading 0.24 per cent down at 8,717 around 1 pm (IST).

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RBIsilence on ICICI Bank, delayed response in Axis case baffle experts
NEW DELHI: Indian central bank’s role as banking supervisor has come under criticism for maintaining a stoic silence on the allegations of nepotism at ICICI Bank in advancing loans to Videocon and also what is seen as delayed response in the case of Axis Bank CEO Shikha Sharma.

RBI has failed to fulfil its supervisory role in preventing the

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European shares led higher by Bayer, luxury stocks
MILAN: European shares rose on Tuesday, led higher by gains in Bayer after a report that the US approved its takeover of Monsanto, while a solid update from LVMH lifted luxury sector stocks.

A speech by Chinese President Xi Jinping calmed investor jitters over an escalating US-China trade row, helping send the pan-European STOXX 600 benchmark up

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Asia's hottest stock is a bet on China's military expansion
By Kristine Servando

China’s push to bolster its military firepower has turned a state-run aviation stock into one of Asia’s best performers this year.

AviChina Industry - Technology Co., a maker of training jets, transport helicopters and airplane electronics systems, jumped 40 per cent in Hong Kong since the start of February through Monday

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