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Share market update: Nifty Energy Index dips; GAIL down 2%
NEW DELHI: The Nifty Energy index was trading lower in Monday's afternoon session.

Shares of GAIL (India) (down 1.85 per cent), Indian Oil Corporation (down 1.5 per cent), Power Grid Corporation of India (down 1.35 per cent), HPCL (down 1.27 per cent), NTPC (down 1 per cent), Oil - Natural Gas Corporation (down 0.89 per cent), Reliance

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Share market update: Power shares mixed; RInfra slips 4%
NEW DELHI: The BSE Power index was down in Monday's morning session.

Shares of NHPC (up 2.0 per cent), ABB India Ltd (up 1.91 per cent), Adani Power (up 0.94 per cent), Torrent Power (up 0.84 per cent), GMR Infrastructure (up 0.83 per cent), Tata Power Company (up 0.65 per cent), Thermax (up 0.55 per cent) and JSW Energy (up 0.15 per cent) were

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Sensex drops 200 points, Nifty below 12,200 on weak global cues
Benchmark indices kicked off the crucial week with a gap-down opening as concerns over spread of the coronavirus intensified, even as similar outbreaks have had little impact on domestic stocks in the past, history suggests.

Investors probably decided to stay light on positions ahead of January F-O expiry and the Budget later this week.

At

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Share market update: Mining stocks slip; NMDC down over 3%
NEW DELHI: Mining stocks were trading lower in Monday's afternoon session.

Shares of Aro Granite Industries (down 5.16 per cent), Pacific Industries (down 4.19 per cent), Ashapura Minechem (down 4.03 per cent), Divyashakti Granites (down 3.86 per cent), Inani Marbles (down 3.81 per cent), NMDC Ltd (down 3.18 per cent), Sandur Manganese - Iron

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Share market update: OMCs trade mixed; IGL gains over 2%
NEW DELHI: The BSE Oil - Gas index was trading on a mixed note in Monday's morning session.

Shares of Indraprastha Gas (up 2.43 per cent), Gujarat State Petronet (up 2.05 per cent), Castrol India (up 0.39 per cent) and Bharat Petroleum Corporation (up 0.39 per cent) were among the top gainers.

While GAIL (India) (down 1.58 per cent), Indian

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Stock market update: IT shares dip; Wipro down nearly 1%
NEW DELHI: IT shares were trading in the negative zone in Monday's morning session.

Shares of Wipro (down 0.71 per cent) , Tata Consultancy (down 0.65 per cent) , Tech Mahindra (down 0.59 per cent) , Infosys (down 0.56 per cent) , Tata Elxsi (down 0.4 per cent) , Just Dial (down 0.26 per cent) and HCL Technologies (down 0.22 per cent) were the

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BSE inks licensing agreement with ICE to use Brent index
BSE on Monday said it has signed a licensing agreement with Intercontinental Exchange (ICE) to use its Brent index as the settlement benchmark for the Indian bourse's rupee-denominated brent futures contracts.

India is one of the largest consumers and importers of crude oil in the world and Brent crude is highly co-related with the Indian crude

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17 smallcaps that figured on top of MFQ3 buy lists all in rally mode
NEW DELHI: Scouring for smallcap stocks that can potentially deliver big gains when the market revives? Here’s cue!

At least 17 smallcap stocks seem to be finding favours with a number of domestic fund managers, who lapped up these stocks in hordes during the December quarter, causing the prices to rise.

Mutual funds raised stakes in many of these

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Sonata Software Q3 profit rises 18% to Rs 76 crore
PUNE: Sonata Software’s net profit rose 18% in the third quarter of FY20 to Rs 75.9 crore, while revenue climbed 47% to Rs 1,236.90 crore over the corresponding period last year.

The higher growth in revenue was due to a single large transaction in the domestic products and services business, the company said.

Srikar Reddy, Managing Director and

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Dr Reddy's Q3 takeaways: Impairment hurts bottom line, profit margin improves
NEW DELHI: Dr Reddy’s Laboratories’ third quarter loss at Rs 570 crore was its first in a decade. The numbers were largely hurt by an impairment charge of Rs 1,320 crore. Analysts were largely expecting an 8-10 per cent rise in net profit for the quarter.

Following the results, the stock rose 3.55 per cent to hit a high of Rs 3,135.65 crore. Here

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Share market update: PSU bank shares fall; Bank of Baroda down 3%
NEW DELHI: Shares of PSU banks were trading with losses in Monday's morning session.

Shares of Bank of Baroda (down 3.03 per cent), Canara Bank (down 1.55 per cent), State Bank of India (down 1.25 per cent), Bank of India (down 0.81 per cent), Punjab National Bank (down 0.8 per cent), J - K Bank (down 0.69 per cent), Union Bank of India (down

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EIH Q3 profit rises 6% to Rs 103 crore

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Share market update: Fertilizer stocks advance; Zuari Agro surges 15%
NEW DELHI: Fertilizer stocks were trading with gains in Monday's afternoon session.

Shares of Zuari Agro (up 14.90 per cent), Bharat Agri Fert - Realty (up 8.57 per cent), Deepak Fertilizers - Petrochemicals (up 6.93 per cent), Southern Petrochemicals Industries (up 5.73 per cent), Fertilizers - Chemicals Tranvancore (up 5.61 per

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Share market update: FMCG shares mixed; Emami dips over 2%
NEW DELHI: FMCG shares were trading on a mixed note in Monday's morning session.

Shares of Marico (up 0.87 per cent), Jubilant Foodworks (up 0.6 per cent), Dabur India (up 0.59 per cent), United Breweries (up 0.57 per cent), Tata Global Beverages (up 0.56 per cent), Nestle India (up 0.5 per cent), Britannia Industries (up 0.25 per cent), Godrej

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Rane Brake Lining Q3 profit at Rs 10 crore
Chennai: Rane Brake Lining, part of Rane Group of Companies, has recorded Profits After Tax for the October-December 2019 quarter at Rs 10.2 crore.

The city-based company had recorded PAT at Rs 10.6 crore during the corresponding quarter of the previous year.

Total net revenue for the quarter under review was Rs 130.6 crore as against Rs 134.5

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Nikkei drops, tourism shares hit by growing China virus concerns
TOKYO: Japan's Nikkei share average posted its biggest one-day loss in in five months on Monday, with tourism-related stocks under pressure amid fears that a virus outbreak in China could be more deadly and harder to contain than initially thought.

The Nikkei share average slumped 2.03 per cent, its biggest percentage fall since Aug. 26, to end at

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JSW Steel shares decline 4% post Q3 results
Shares of JSW Steel declined over 4 per cent in Monday’s early trade after the company’s consolidated net profit declined 87 per cent year-on-year to Rs 211 crore for the quarter ended December 31.

The scrip traded 4.28 per cent down at Rs 260.30 at around 10 am, while the benchmark BSE Sensex traded 0.50 per cent lower at 41,410.

Emkay Global

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Credit Suisse buys Indiabulls Housing shares worth Rs 72 crore

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Share market update: PSU shares trade mixed; SAIL slips 3%
NEW DELHI: Shares of PSU were trading on a mixed note in Monday's afternoon session.

Shares of REC (up 2.83 per cent), Container Corporation of India (up 2.15 per cent), Power Finance Corporation (up 1.29 per cent), Bharat Petroleum Corporation (up 0.93 per cent), NHPC (up 0.91 per cent), Oil India (up 0.77 per cent), Bharat Electronics (up 0.49

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ICICI Bank Q3 results impress brokerages; here's what analysts say
NEW DELHI: ICICI Bank’s over two-fold jump in December quarter profit met Street estimates. While the gross stress pool for the bank went up, analysts said it was in line with industry trends. The private lender’s return on equity (ROE) at 14.7 per cent for the quarter was in fact the best in 52 quarters, with many analysts betting on a re-rating o
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George Soros says Modi creating a Hindu nationalist state
By Katherine Burton and Katia Porzecanski

Billionaire philanthropist George Soros is delivering a speech in Davos, an annual event in which he addresses an array of global, political and technological issues.

Here are excerpts from prepared remarks in which he addresses events from 2019.On the U.S. economy: President Trump’s economic team is o

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Dr ReddyQ3 results: Pharma giant reports Rs 570 crore loss on impairment charge
NEW DELHI: Dr Reddy’s Laboratories on Monday reported a consolidated net loss of Rs 569.70 crore for December quarter compared with a profit of Rs 485.20 crore in the year-ago quarter.

Analysts in an ET NOW had projected a profit of Rs 490 crore.

Revenue for the quarter rose 14 per cent year-on-year to Rs 4,383.80 crore, the company said in a BSE

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Share market update: 57 stocks hit 52-week highs on NSE
NEW DELHI: Around 57 stocks rose to touch their 52-week highs on NSE in Monday's session.

Among the stocks that touched their 52-week highs were Adani Enterprises, Amara Raja Batteries, Apollo Hospitals Enterprise, Atul, AU Small Finance Bank, Dabur India, Gujarat Industries Power Company, Gujarat State Petronet Limited, Gujarat Gas, Indraprastha

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Bank of Baroda posts Q3 loss of Rs 1,407 crore as provisions spike 54%
NEW DELHI: Public lender Bank of Baroda on Friday reported a standalone loss of Rs 1,407 crore for December quarter, as total provisions jumped 54 per cent to Rs 6,365 crore. The bank had posted a profit of Rs 436 crore in the year-ago period.

Fresh slippages came in at Rs 10,387 crore for the quarter.

However, led by 8.8 per cent increase in CASA

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Top intraday trading ideas for afternoon trade on Monday, January 27, 2020

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Stock market update: Realty shares advance; Prestige Estates climbs 3%
NEW DELHI: Realty shares were trading with gains in Monday's morning session.

Shares of Prestige Estates Projects (up 3.35 per cent), Oberoi Realty (up 1.98 per cent), Indiabulls Real Estate (up 1.09 per cent), Sunteck Realty (up 1.03 per cent), Godrej Properties (up 0.65 per cent), Mahindra Lifespace Developers (up 0.58 per cent) and SOBHA (up

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Sebi levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options
Capital markets regulator Sebi has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the BSE. The regulator in separate orders noted that the firms violated provisions of Prohibition of Fraudulent and Unfair Trade Practices by executing reversal trades in the stock options
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Share market update: Telecom shares slip; ITI down nearly 3%
NEW DELHI: Telecom shares were trading with losses in Monday's morning session.

Shares of Aksh Optifibre (down 2.76 per cent), ITI (down 2.69 per cent), Vodafone Idea (down 1.32 per cent), Sterlite Technologies (down 1.22 per cent), Bharti Infratel Ltd (down 0.8 per cent), HFCL Ltd (down -0.58 per cent), OnMobile Global (down 0.49 per cent),

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Share market update: Pharma shares gain; Aurobindo Pharma up 2%
NEW DELHI: Pharma shares were trading higher in Monday's morning session with their sectoral index trading higher.

Shares of Aurobindo Pharma (up 2.3 per cent) , Piramal Enterprises (up 1.15 per cent) , Dr Reddys Laboratories (up 0.65 per cent) , Glenmark Pharmaceuticals (up 0.24 per cent) , Cipla (up 0.2 per cent) , Lupin (up 0.12 per cent) and

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New India Assurance settles insider trading case with Sebi, pays over Rs 62 lakh
State-owned New India Assurance Company Ltd has settled with markets regulator Sebi a case of alleged violation of insider trading norms by paying over Rs 62 lakh towards the settlement charges. The move comes after the insurer filed an application proposing to settle, without admitting "the findings of fact and conclusions of law", the case of
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