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South Indian Bank Q3 profit up 8% at Rs 91 crore

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Mutual funds, FIIs cut holdings in this multibagger in Q3
Domestic money managers as well as overseas investors offloaded stakes in Bata India during the October-December quarter.

Shareholding data at the end of December quarter showed mutual funds held 14.88 per stake in the footwear major against 15.22 per cent at the end of September quarter. Likewiseforeign institutional/portfolio investors' holding

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Share market update: ITD Cementation, VA Tech Wabag among top gainers on BSE

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Sebi cautions PACL investors against fake emails
New Delhi: Cautioning the investors of PACL Ltd, markets regulator Sebi said it has neither authorised any person nor issued any authority letter for refund related matters.

Sebi in a press release said that the committee headed by retired Justice R M Lodha received complaints from investors of PACL that they are receiving emails from

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Share market update: Mining stocks advance; Pacific Industries climbs 5%
NEW DELHI: Mining stocks were trading with gains in Thursday's afternoon session.

Pacific Industries (up 4.97 per cent) , Glittek Granites (up 4.95 per cent) , Shirpur Gold Refinery (up 4.86 per cent) , Gujarat Mineral Dvpt Corporation (up 4.63 per cent) , Orissa Minerals Development Company (up 2.54 per cent) , Deccan Gold Mines (up 2.49 per

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Fiscal deficit may widen to 3.7-4% of GDP: Ex-fin secy
A sharp shortfall in overall revenues is likely to widen the country’s fiscal deficit in the current fiscal year, a former finance secretary has said.

“Actual tax performance has been quite poor. In this, major policy decision of the government to reduce corporate tax rates (desirable as it was considering very high corporate tax rates in the

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Share market update: NBFC stocks mixed; Reliance Capital slips 5%
NEW DELHI: NBFC stocks were trading on a mixed note in Thursday's afternoon session.

VLS Finance (up 13.33 per cent), PNB Housing Finance (up 5.12 per cent) , Muthoot Finance (up 4.39 per cent) , MANAPPURAM (up 3.54 per cent) , IIFL Wealth Management (up 3.06 per cent) , LIC Housing Finance (up 2.86 per cent) , Coral India Finance - Housing

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Sundaram Finance to sell entire 10% stake in Equifax Credit lnformation
Non Banking Finance Company Sundaram Finance Ltd on Thursday said it will sell its entire 10 per cent equity in credit information firm Equifax Credit lnformation Services Pvt Ltd, a move that will fetch the company around Rs 91 crore.

Both the companies have executed an agreement to this effect.

"Sundaram Finance Ltd (SFL) has executed a share

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Tata Global Beverages (TGBL) has been on investors’ radar from the start of 2020 as expectations of the company being included in the MSCI index and appointment of a new chief executive officer have revived interest in the stock. Tata Global shares have run up 22 per cent so far this year to Rs 391.20 as against the 4 per cent gains in the BSE’s F
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BNP Paribas sees Sensex at 44,500 by December end
Mumbai: BNP Paribas is overweight India in its Asia ex-Japan universe, and expects BSE benchmark Sensex to touch 44,500 by the end of 2020.

"India, despite its sharp economic slowdown, offers high quality compounders and a few attractively valued candidates poised for a potential recovery," Manishi Raychaudhuri, Asia Equity Strategist, BNP Paribas

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Share market update: PSU shares trade lower; HPCL slips 2%
NEW DELHI: Shares of PSU were trading in the negative zone in Thursday's afternoon session.

Shares of HPCL (down 2.32 per cent), Oil India (down 2.02 per cent), REC (down 1.93 per cent), NTPC (down 1.86 per cent), Power Finance Corporation (down 1.72 per cent), National Aluminium Company (down 1.66 per cent), Coal India (down 1.53 per cent), GAIL

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World stocks pause at record peak as markets assess US-China deal
TOKYO: World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved.

MSCI's broadest index of world stocks firmed 0.04 per cent in early trade after closing at record level on

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Share market update: Fertilizer stocks mixed; GSFC rises 3%
NEW DELHI: Fertilizer stocks were trading on a mixed note in Thursday's afternoon session.

Nagarjuna Fertilizers - Chem (up 4.90 per cent), Gujarat Narmada Valley Fertilizers (up 3.22 per cent), GSFC (up 2.75 per cent), Coromandel International (up 2.16 per cent), National Fertilizer (up 1.88 per cent), Chambal Fertilisers - Chemicals (up

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Share market update: Infra stocks mixed; IRB Infra rises 2%
NEW DELHI: Shares of infrastructure companies were trading on a mixed note in Thursday's afternoon session.

Shares of Suzlon Energy (up 4 per cent), IRB Infrastructure Developers (up 1.93 per cent), Siemens (up 1.93 per cent), Torrent Power (up 1.9 per cent), Vodafone Idea (up 1.67 per cent), Power Grid Corporation of India (up 1.6 per cent),

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'BUY' or 'SELL' ideas from experts for Thursday, 16 January, 2020

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Big bubble in unlisted space? Big Bull, Ashish Chugh sound the alarm bells
New Delhi: Ace investor Rakesh Jhunjhunwala recently advised investors to keep off the unlisted space. The Big Bull sees a big bubble in the unofficial market for unlisted shares, which he said may burst in the near term.

“I think there is a big bubble in all these unicorns, and this is going to burst in next 12 months. It is already bursting, a

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Share market update: Adani Green, Jet Airways among top losers on BSE

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The cost of hedged trades will soon dip in the Indian stock derivatives market.

Traders using combinations of equity futures and options to create strategies that would result in limited losses could see margins for such bets decline significantly. The Securities and Exchange Board of India (Sebi) is expected to reduce the margin requirements for

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Australian shares breach 7,000 level on Sino-US trade deal
Australian shares surged past the 7,000 level for the first time ever on Thursday, as demand for risky assets increased after China and the United States signed a deal to defuse their trade war that has roiled financial markets over the last 18 months.

The S-P/ASX 200 index rose 0.7 per cent to a record close of 7,041.80, after a 0.5 per cent

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Nomura maintains neutral on Bandhan Bank, target price Rs 585

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Stocks in the news: YES Bank, Asian Paints, Tata Global and Bharti Airtel
NEW DELHI: Nifty futures on the Singapore Exchange traded 7 points, or 0.06 per cent, down at 12,265, indicating a flat-to-negative start for Dalal Street. Here are the stocks that may buzz during the day:

Sterlite Technology: Sterlite Technologies on Wednesday reported a net profit of Rs 91 crore (excluding exceptional items) during December

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Tokyo shares tread water after US-China trade deal; machinery makers lag
Japanese shares were little changed on Thursday after the United States and China signed an interim deal to defuse their 18-month long trade war, with factory automation machinery makers under pressure on soft industry data.

The Nikkei share average added 0.1 per cent to 23,933.13, while the broader Topix eased 0.1 per cent to 1,728.72.

US

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HSBC Securities maintains buy on Wipro, target price Rs 270

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What Supreme Courtdecision could mean for telcos

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GMR Infra to sell 49% stake in airport biz to Tata Group entity

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Centrum Securities maintains add on Mindtree, target price Rs 890

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Mumbai: The Securities Appellate Tribunal on Wednesday stayed a Securities and Exchange Board of India (Sebi) order rejecting Axis Bank’s request to allow it to invoke the pledge on shares in the Karvy Stock Broking case, said the private lender.

“Axis Bank has filed an appeal before Hon’ble SAT against the Sebi order. The Hon’ble SAT has today g

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Standard Chartered Bank offloads entire stake in Orissa Sponge Iron

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India Nivesh maintains buy on Delta Corp, target price Rs 268

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Market Movers: IndusInd sinks 5%, YES rallies; 100 stocks 'overbought'
Shares of IndusInd Bank continued their fall on Wednesday and crashed over 5 per cent after analysts cut earnings per share (EPS) estimates following dismal December quarter numbers.

Alembic Pharma received the final nod from the US health regulator for Tizanidine hydrochloride capsules, used to treat spasticity. Meanwhile, L-T and Capacit’e I

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