Fund managers expect global growth to rise
Mumbai: Fund managers are expecting an improvement in global growth going ahead but these expectations have not surged to boom levels, according to a global fund manager survey by Bank of America for January. Fund managers have completely priced out recession risks since June 2019 when BofA had released its most bearish fund manager survey since

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Share market update: Hatsun Agro, SREI Infra among top gainers on BSE

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'BUY' or 'SELL' ideas from experts for Wednesday, 22 January, 2020
NEW DELHI: Domestic equity market is likely to open higher on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

At 8:25 am the SGX Nifty was 28.50 points or 0.23 per cent higher at 12,219.50.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Kunal Bothra

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Sensex jumps 150 points, Nifty tops 12,200 amid firm global cues
NEW DELHI: Domestic equity markets edged higher in opening trade on Wednesday, tracking gains global peers that bounced back notwithstanding the virus outbreak in China.

The Middle Kingdom is dealing with an outbreak that tempered fears of a global pandemic, reviving memories of the Severe Acute Respiratory Syndrome (SARS) epidemic in 2002-03, a

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Buy Century Textiles, price target Rs 573: CK Narayan
CK Narayan of Chart Advise has a buy call on Century Textiles - Industries Ltd. with a target price of Rs 573.0 . The current price of Century Textiles - Industries Ltd. is Rs 559.6 . CK Narayan recommended to keep a stoploss at Rs 556 .

Century Textiles - Industries Ltd., incorporated in the year 1897, is a Mid Cap company (having a

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Brokerages cut Kotak Bankearnings estimates as Q3 results disappoint

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Share market update: Bank shares gain; Federal Bank up 1%
NEW DELHI: Bank shares were trading with gains in Wednesday's morning session.

Shares of Federal Bank (up 0.74 per cent), State Bank of India (up 0.56 per cent), IDFCBANK (up 0.35 per cent), ICICI Bank (up 0.27 per cent), Yes Bank (up 0.26 per cent), HDFC Bank (up 0.23 per cent) and IndusInd Bank (up 0.13 per cent) were among the top gainers.

The

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Buy Raymond, price target Rs 705: Kunal Bothra
Kunal Bothra has a buy call on Raymond Ltd. with a target price of Rs 705.0 . The current price of Raymond Ltd. is Rs 679.7 . Kunal Bothra recommended to keep a stoploss at Rs 670 .

Raymond Ltd., incorporated in the year 1925, is a Large Cap company (having a market cap of Rs 4398.96 Crore) operating in Textiles sector.

Raymond Ltd. key

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Asian stocks arrest slide but investors on edge over China virus
SINGAPORE: Asian share markets steadied on Wednesday as investors took stock of the spread of a new strain of coronavirus from China and weighed the possible consequences of a global pandemic.

Fears of contagion, particularly as millions travel for Lunar New Year festivities, knocked stocks from record levels on Tuesday as investors swapped them

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Diversified mutual funds seen as a better bet than the ESG theme, for now
Investors could skip the new fund offer (NFO) of Axis ESG Equity Fund and wait for the new investment strategy to build a track record, according to financial planners. ESG, which stands for Environmental, Social, and Governance, entails investing in companies that are conscious about these factors.

“Given that the universe of stocks available to i

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Buy TVS Motor Company, price target Rs 476: Kunal Bothra
Kunal Bothra has a buy call on TVS Motor Company Ltd. with a target price of Rs 476.0 . The current price of TVS Motor Company Ltd. is Rs 461.05 . Kunal Bothra recommended to keep a stoploss at Rs 452 .

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 21903.89 Crore) operating in Auto

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The majority of the flows into Indian stocks from foreign investors (FPIs) of over Rs 1 lakh crore in 2019 came into the top-performing blue-chips. Some of the flows have also trickled into mid- and small-cap stocks in this period. ET has compiled 10 smaller stocks in which FPIs have raised their stakes consistently in 2019. Bloomberg consensus

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Gatiboard clears 13.3 million shares& allotment to Allcargo
Mumbai: The board of Gati on Tuesday approved the allotment of 13.3 million shares or 10.91 per cent of its equity on a preferential basis, as it embarks on an open offer to buy majority shares in the company.

The preferential allotment would result in Allcargo acquiring 10.91 per cent stake in Gati. Allcargo had acquired 2.7 million shares in

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Jefferies maintains buy on Federal Bank, target price Rs 120

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New Delhi: Larsen - Toubro (L-T) is likely to report double-digit rise in profit for the December quarter on Wednesday. However, growth in order inflows may stay tepid, which may push the company to cut order inflow guidance for FY20, said analysts.

Outlook and commentary on key orders in Maharashtra and margins in infrastructure segment

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Buzzing stocks: Vodafone Idea, YES Bank, ZEEL, Bharti Airtel
NEW DELHI: Vodafone Idea with over 9.22 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of YES Bank (number of shares traded: 0.67 crore) , Zee Ent. (number of shares traded: 0.55 crore) , Bharti Airtel (number of shares traded: 0.55 crore) , ONGC (number of shares traded: 0.43 crore) , Ashok

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Phillip Capital maintains neutral rating on Hindustan Zinc, target price Rs 215
Phillip Capital has maintained neutral rating on Hindustan Zinc in the long term with a target price of Rs 215. Hindustan Zinc shares ended down 1.9% at Rs 212.3 on Tuesday while the BSE Sensex closed 205.10 points (0.49%) down at 41,323.81.

Company Financials

For the quarter ended 31-12-2019, the company has reported standalone sales of Rs 4626.00

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Singapore might lose some of its allure for various foreign portfolio investors as a preferred destination to route their investments into India. With the Multi-Lateral Agreement (MLI) between the two countries set to come into force from April 1, fund managers in Singapore, who invest in India, could face a stiffer task of convincing local tax aut

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Share market update: Tejas Networks, Lypsa Gems among top losers on BSE

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CLSA has buy on GAIL India, target price Rs 180
CLSA has a buy rating on GAIL India in the long term with a target price of Rs 180. Shares of GAIL ended down 0.9% at Rs 126.7 on Tuesday while the BSE Sensex closed 205.10 points (0.49%) down at 41,323.81.

Company FInancialsFor the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 18235.45 crore, down -1.26% from last

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Headline index valuation fair but not cheap: Credit Suisse

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Sell Axis Bank, price target Rs 695: Manas Jaiswal

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ICICIdirect maintains hold on Cyient, revises target price to Rs 510
ICICIdirect has maintained hold rating on Cyient in the long term with a revised target price of Rs 510. Shares of Cyient ended down 0.1% at Rs 461.6 on Tuesday while the BSE Sensex closed 205.10 points (0.49%) down at 41,323.81.

Company Financials

For the quarter ended 31-12-2019, the company has reported consolidated sales of Rs 1105.90 crore,

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Mumbai: India’s largest lender, State Bank of India (SBI), received bids from Prem Watsa’s Fairfax, Edelweiss Securities and Kotak Securities among others to buy 1 per cent stake in National Stock Exchange (NSE), three people aware of the development said.

At least 13 bidders have submitted bids to buy up to 50 lakh unlisted shares of the bourse

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Buy Aurobindo Pharma, price target Rs 515: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Aurobindo Pharma Ltd. with a target price of Rs 515.0 . The current price of Aurobindo Pharma Ltd. is Rs 503.4 . Manas Jaiswal recommended to keep a stoploss at Rs 484 .

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 28889.70 Crore)

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NEW DELHI: BSE in a circular on Wednesday said the stock exchange would open for trading on February 1, Saturday, on account of Union Budget 2020.

ETMarkets.com had last week quoted a BSE spokesperson saying that BSE was indeed looking to open for trading on the Budget Day this time, and a circular would be out regarding the same within a week.

Thi

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Analyst Calls: JSPL, Cyient, GAIL, Federal Bank
Good morning!

The domestic stock market on Wednesday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 21.50 points higher this morning, signalling a good start for Dalal Street.

As you head for the day’s trade, here is a compilation of overnight analyst calls on various stocks.

• Motilal

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Sell Tata Motors, price target Rs 183: CK Narayan
CK Narayan of Chart Advise has a sell call on Tata Motors Ltd. with a target price of Rs 183.0 . The current price of Tata Motors Ltd. is Rs 192.15 . CK Narayan recommended to keep a stoploss at Rs 194 .

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 60250.40 Crore) operating in Auto sector.

Tat

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Stocks in the news: Asian Paints, ZEEL, Axis Bank, L T, Airtel and Piramal Enterprises
NEW DELHI: Nifty futures on the Singapore Exchange traded 21.50 points, or 0.18 per cent, higher at 12,212.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Asian Paints, Axis Bank, L-T: Alembic Pharma, CEAT, Ujjivan Small Finance Bank, Asian Paints, Axis Bank, L-T,

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MUMBAI: India’s bankruptcy regulator is seeking to amend rules to make the Insolvency and Bankruptcy Code (IBC) suitable for handling group insolvency, with accounts such as Videocon, Sachet Infra and Lavasa underscoring the problem of indebtedness at the group level.

A panel on group insolvency has submitted its report to the Insolvency and

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