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Share market update: TBZ, Mindteck among top gainers on BSE

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Talking Stock: Hold CDSL, CIL; add Karur Vysya Bank
By G ChokkalingamFounder - CIO, Equinomics Research - AdvisoryI have 70,000 shares of TTML bought at an average price of Rs 5.50. What is your outlook on this company and what is the maximum price that can I getRs I can hold for long term. – TAPAN MUKERJEAUnfortunately, the chances of losing the entire invested amount is very high as Tata
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The Week That Was: Igarashisurprise rally, Dishmanrebound, auto parts stocks find footing
New Delhi: The week gone by was lacklustre for most markets globally amid Christmas holidays. Indian market saw some volatility on account of the expiry of December futures and options contracts.

For the week, BSE Sensex declined 106.40 points, or 0.26 per cent, to 41,575 while NSE barometer Nifty fell 26 points or 0.21 per cent to 12,245. Here

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Buy Manappuram Finance, price target Rs 188: Chandan Taparia
Chandan Taparia of Motilal Oswal Securities has a buy call on Manappuram Finance Ltd. with a target price of Rs 188.0 . The current price of Manappuram Finance Ltd. is Rs 176.5 . Chandan Taparia recommended to keep a stoploss at Rs 170 .

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs

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DHFL creditors to meet on Monday for discussing resolution
Mumbai: The Reserve Bank of India-appointed administrator of the crippled Dewan Housing Finance Ltd (DHFL) called for a meeting of its creditors for the first time on Monday after the mortgage lender was admitted for insolvency proceedings.

The third-largest pure play mortgage player is the first non-banking financial company or housing finance

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By Ronojoy Mazumdar and Ravil Shirodkar

More than three decades after starting as a broker on the Bombay Stock Exchange, Asia’s oldest bourse, Yogesh Choksey shut up shop last year, missing out on a record-breaking equity rally that would usually boost profits for brokerages.

“The business was no longer viable for a smaller setup like mine,” said C

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Buy ONGC, price target Rs 136: Chandan Taparia
Chandan Taparia of Motilal Oswal Securities has a buy call on Oil And Natural Gas Corporation Ltd. with a target price of Rs 136.0 . The current price of Oil And Natural Gas Corporation Ltd. is Rs 128.4 . Chandan Taparia recommended to keep a stoploss at Rs 124 .

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap

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Six of top 10 firms lose Rs 64,419 crore in m-cap; RIL takes biggest hit
NEW DELHI: Six of the 10 most valued Indian companies suffered a combined erosion of Rs 64,419.10 crore in market valuation last week, with RIL taking the biggest knock.

While TCS, HDFC Bank, Kotak Mahindra Bank, SBI and ITC were the other firms which witnessed a decline in their market capitalisation (m-cap) for the week ended Friday, HDFC, HUL, I

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By DK Aggarwal DK Aggarwal

Share delisting is the removal of a listed stock from a stock exchange platform, and thus it would no longer be traded on the bourse. In simple words, delisting means the permanent removal of a stock from stock exchange. The delisting of a security can be either voluntary or involuntary. In case of involuntary delisting, no

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Buy ICICI Bank, price target Rs 573: Chandan Taparia

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FPIs remain net buyers in December; invest over Rs 2,600 crore
NEW DELHI: Foreign investors remained net buyers in December by investing Rs 2,613 crore in the domestic markets, mainly due to expectation of a revival in corporate earning, quantitative easing by the US Fed and infusion of funds by central banks globally.According to the depositories data, a net amount of Rs 6,301.96 crore was invested by foreign
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Markets whipsawed its way through the week with good profit booking on Thursday due to monthly F-O expiry. Street participation and volumes were far lower than the previous few weeks, which aptly captured the mood of the holiday season, both locally and internationally. But this narrow participation was visible with broader indices trying to
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Trading a dove for two hawks: A look at the Fedvoters in 2020
Washington: Federal Reserve projections show no interest-rate changes next year but the annual rotation among voters could still influence policy as incoming members include an outspoken dove while two hawks depart.

Minneapolis Fed chief Neel Kashkari, who called vocally for rate cuts during 2019, is the clear dove among the four new voters. He

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Bitcoinpurported creator says his fortune may remain locked
By Olga KharifThe man who claims he invented the world’s largest cryptocurrency and was ordered by a judge to surrender about $3 billion of his Bitcoin holdings said he may not be able to do so anytime soon.

In a statement to Bloomberg News, Craig Wright said that he “cannot be certain that information will in fact arrive” to help identify the coi

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Inflows from foreign portfolio investors (FPIs) into India is nearing the $20-billion mark in 2019, with a majority of the funds — $14.2 billion — expected through the equity route. The debt segment may contribute around $3.5 billion. The total flows, however, still remain less than half of the all-time high annual inflow figure of $42.4 billion
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Asian shares down from 18-month top; oil steady after US strikes
SHANGHAI: A broad gauge of Asian share markets fell on Monday as investors consolidated gains after scaling 18-month highs last week, while oil was steady after the US carried out air strikes on an Iranian-backed Shi'ite Muslim militia group in Iraq and Syria.

Around 0145 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.09 per

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Hedge funds stay bullish on oil amid trade truce, OPEC+ cuts
By Carlos Caminada and Kriti Gupta

Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May.

Their net-bullish wagers on Brent crude climbed for the ninth week in 10, reaching a seven-month high, data released Friday show.

The U.S.-China trade truce and OPEC’s commitment to deeper cuts have p

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Deposit Insurance Corporation faces claim of around ₹14,000 crore
Mumbai: The Deposit Insurance and Credit Guarantee Corporation (DICGC) faces a total claim of about ₹14,000 crore from defaulting co-operative banks, including PMC Bank, but all the claims may not materialise at the same time and some may even revive.

“It needs to be noted that the banks which are under direction/ weak will go under liquidation o

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'BUY' or 'SELL' ideas from experts for Monday, 30 December, 2019
NEW DELHI: Domestic equity market is likely to open lower on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

At 8:25 am the SGX Nifty was 7.50 points or 0.06 per cent lower at 12,333.50.

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

Kunal Bothra independent

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Auto sales, macro data, RBI's Operation Twist among key factors steering market this week
NEW DELHI: Domestic equity benchmarks remained rangebound last week amid lack of directional cues from global markets due to Christmas and New Year holidays. The truncated week saw some choppy trade on account of Thursday’s exipry of December series F-O contracts.

For the week, Sensex slipped 106.40 points or 0.26 per cent, to close at 41,575

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Fintech, insurance companies may get direct access to CPS
Mumbai: The Reserve Bank of India (RBI) is considering the possibility of giving non-bank players, such as fintech and insurance companies, direct access to processing RTGS and NEFT transactions in line with global best practices.

Citing the examples of the banking regulators of England and Switzerland, the RBI said in its Financial Stability

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CLSA has a buy on Adani Ports, target price Rs 485
CLSA has a buy rating on Adani Ports - Special Economic Zone in the long term with a target price of Rs 485. Shares of Adani Ports ended flat at Rs 363.65 on Friday while the BSE Sensex closed 411.38 points up at 41,575.14.

Company FinancialsFor the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 2821.16 crore, up

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We have just two trading days left in this calendar year, with the coming week ushering us into 2020. The benchmark indices look on course to end the year near their lifetime highs, but they are also leaving us at a critical juncture from a technical point of view.

The indices spent the week gone by consolidating near their high points. Though it

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Realty sector: System-wide credit losses to lenders jump to 7.33% in June 2019
In more troubles for the crippled realty sector, system-wide credit losses to lenders have jumped to 7.33 per cent in June 2019 from 5.74 per cent in June 2018, according to the RBI data.

This spike has been led by state-run banks, whose impairment has jumped from 15 per cent in June 2018 to 18.71 per cent in June 2019, says the financial

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ICICI Securities maintains buy on Hexaware Technologies, raises target price to Rs 430
ICICI Securities has maintained buy rating on Hexaware Technologies in the long term and revised target price to Rs 430 from Rs 425. Shares of Hexaware Technologies ended up 2.9% at Rs 331 on Friday while the BSE Sensex closed 411.38 points up at 41,575.14.

Company FinancialsFor the quarter ended 30-09-2019, the company has reported consolidated

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Pharma 'sunrise' segment, prognosis positive for healthcare sector in 2020
India's pharma and healthcare sector is set for yet another year of robust growth despite pricing and cost headwinds. The sector is finding hope in increased spending, improved accessibility and growing exports.

The next wave of growth could come from increasing exports to large and traditionally under penetrated markets such as Japan, China,

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China to use LPR benchmark for pricing existing floating-rate loans
Beijing: China’s central bank said on Saturday it will use the loan prime rate (LPR) as a new benchmark for pricing existing floating-rate loans.

Starting on Jan. 1, financial institutions will be prohibited from signing floating-rate loan contracts based on the previous benchmark bank lending rate, the People’s Bank of China (PBOC) said in a s

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Kotak Institutional Equities maintains sell on Shree Cements, target price Rs 15,200
Kotak Institutional Equities has maintained sell rating on Shree Cements in the long term with a target price of Rs 15,200. Shares of Shree Cement ended up 0.75% at Rs 20,492.65 on Friday while the BSE Sensex closed 411.38 points up at 41,575.14.

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For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs

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Outlook for 2020: Exports to rebound but expect subdued growth
Next year, India's exports will be subdued on account of the uncertain global trade situation due to rising protectionism. though the continuous contraction in exports is going to stop, says Commerce Secretary Anup Wadhawan.

Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products, which constitute 13.42 per

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‘PMC Bank didn&t properly classify Wadhawan account&
Mumbai: The Economic Offences Wing of the Mumbai Police filed an over 32,000-page chargesheet in connection with the multi-crore scam at Punjab - Maharashtra Cooperative Bank on Friday, charging HDIL promoters Rakesh and Sarang Wadhawan as well as former bank chairman Waryam Singh, managing director Joy Thomas and director SS Arora.

The EOW

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