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Share market update: Nifty Energy index down; Indian Oil Corp dips 2%
NEW DELHI: Nifty Energy index was trading with loses in Thursday's morning session.

Shares of Indian Oil Corporation (down 1.45 per cent), Tata Power Company (down 0.89 per cent), GAIL (India) (down 0.79 per cent), NTPC (down 0.69 per cent), Oil - Natural Gas Corporation (down 0.6 per cent), HPCL (down 0.48 per cent), Power Grid Corporation

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Share market update: Pharma shares slip; Aurobindo Pharma down 1%
NEW DELHI: Pharma shares were trading in the negative zone in Thursday's morning session with their sectoral index trading down.

Shares of Aurobindo Pharma (down 0.71 per cent) , Dr Reddy's Laboratories (down 0.68 per cent) , Glenmark Pharmaceuticals (down 0.53 per cent) , Cipla (down 0.36 per cent) , Sun Pharmaceutical Industries (down 0.28 per

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Investors pour money into arbitrage funds
Arbitrage funds have received the highest inflows of Rs 27,958 crore during the first eleven months of this calendar year as high networth investors stayed away from debt funds due to the credit crisis. Also better taxation and lower returns from liquid funds drew investors to this category. As per data from Value Research, this category of mutual
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2020's multibaggers will most likely come from these sectors2020's multibaggers will most likely come from these sectors2020's multibaggers will most likely come from these sectors
2020's multibaggers will most likely come from these sectors
Blue chips continued to outpace the broader market for the second straight year in Calendar 2019. However, select stocks across insurance, asset management companies, paints, consumer food, power generation and pharmaceuticals sectors managed to deliver up to 222 per cent returns to investors during the year.

And now analysts say pharma will be

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Share market update: Bank shares mixed; Yes Bank, PNB among top gainers
NEW DELHI: Bank shares were trading on a mixed note in Thursday's morning session.

Shares of Federal Bank (up 0.29 per cent) , Yes Bank (up 0.2 per cent) , Punjab National Bank (up 0.16 per cent) , IndusInd Bank (up 0.11 per cent) , RBL BANK (up 0.06 per cent) , Bank of Baroda (up 0.05 per cent) and State Bank of India (up 0.02 per cent) were

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The share of long-term ‘sticky’ foreign funds including global pension funds, sovereign wealth funds (SWF), central banks and government agencies in Indian equities has been on the rise despite wobbly economic parameters in 2019. The assets under management (AUM) of these funds rose by 20.1 per cent year on year to Rs 6.5 lakh crore ($91.6
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Citi cuts YES Bank target price to Rs 46 from Rs 50
NEW DELHI: Global brokerage Citi has cut YES Bank’s target price to Rs 46 from Rs 50 earlier. The broking firm also slashed the FY20 and FY21 profit estimate for the lender by 4-5 per cent.

At 10 am, the scrip was trading 0.10 per cent lower at Rs 51.15 on BSE.

The target has been cut for the stock at a time when most credit rating agencies have

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Share market update: BSE Smallcap index gains; Igarashi Motors spikes 17%
NEW DELHI: BSE Smallcap index was trading with gains in Thursday's morning session.

Shares of Rane (Madras) (up 19.98 per cent), Sterling Tools (up 18.02 per cent), Rane Brake Lining (up 17.63 per cent), Igarashi Motors India (up 17.11 per cent), Rane Holdings (up 15.85 per cent), Infibeam Avenues (up 13.52 per cent), Ashima (up 12.19 per cent), P

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Banks turning around on improved asset quality and capital base
Mumbai: The financial position of Indian banks is gradually strengthening, with consolidation of state-run lenders and revival of financing in the non-bank lending industry likely enhancing credit flows, a central bank report said Tuesday. But a demand slowdown and corporate de-leveraging have put a question mark on the pace of recovery.

“The d

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Real estate stocks help China shares rise on relaxed residency curbs
SHANGHAI: China stocks rose on Thursday, aided by strong gains in real estate firms as Beijing rolled out measures to promote urbanisation.

The CSI300 index rose 0.4 per cent, to 4,007.61, by the end of the morning session, while the Shanghai Composite Index gained 0.4 per cent, to 2,992.41.

China scrapped restrictions on household registration

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Stock market update: IT shares down; Just Dial dips 1%
NEW DELHI: IT shares were trading lower in Thursday's morning session.

Shares of Just Dial (down 1.13 per cent) , Tata Elxsi (down 0.84 per cent) , Infosys (down 0.47 per cent) , Tata Consultancy (down 0.26 per cent) , HCL Technologies (down 0.1 per cent) and Wipro (down 0.06 per cent) were the top losers in the index.

The Nifty IT index was

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Equity, commodity, forex markets shut on account of Christmas
NEW DELHI: Domestic equity, commodity, currency and bond market will be shut for trading on Wednesday on account of Christmas. Markets will resume trading on Thursday, December 26, 2019.

On Tuesday, the 30-share pack Sensex ended 181.40 points lower at 41,461.26, while its NSE counterpart Nifty was down 48.30 points at 12,214.50. The broader

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View: Repo Oracle claims victory even if Fed skips QE
By Brian Chappatta

Imagine you are a long-time Wall Street denizen, accustomed to analysing trends in the public equity markets, sovereign interest rates, foreign exchange and corporate credit. You think you have a good handle on all these large asset classes.

But suddenly, the plumbing of the entire financial system goes haywire in mid-September,

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Share market update: BSE Midcap index flat; RInfra jumps 5%
NEW DELHI: The BSE Midcap index was trading flat with a positive bias in Thursday's morning session.

Shares of Reliance Infrastructure (up 4.91 per cent), Reliance Capital (up 4.83 per cent), Indiabulls Ventures (up 2.54 per cent), Steel Authority of India (up 1.71 per cent), Emami (up 1.37 per cent), Endurance Techno (up 1.36 per cent), Reliance

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Shriram Transport likely to raise up to $500 million overseas
Mumbai: Shriram Transport Finance Company (STFC) is planning to raise up to $500 million (Rs 3,560 crore) via an overseas bond sale in the New Year, amid signs of picking up credit demand, three people with direct knowledge of the matter said.

The non-banking finance company that primarily funds second-hand truck purchases looks to sell five-year

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Share market update: Metal shares shine; SAIL rises 2%
NEW DELHI: Metal shares were trading with gains in Thursday's morning session.

Shares of Hindustan Copper (up 3.39 per cent) , National Aluminium Company (up 2.34 per cent) , Steel Authority of India (up 2.07 per cent) , Jindal Steel - Power (up 2.03 per cent) , VEDL (up 1.65 per cent) , JSW Steel (up 1.63 per cent) , National Mineral

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Umbrella unit to shore up urban co-operative banks
Mumbai: The central has given its nod for an umbrella unit to strengthen urban cooperative banks (UCB). The proposed entity is expected to provide liquidity support to UCBs, besides providing IT infra. The National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) has been given the regulator’s approval for setting up an umbrella
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RBIOperation Twist sets up an apt backdrop for fiscal expansion
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Deflating an asset bubble before it busts would be a huge victory
By Noah SmithEconomists may be finally closing in on the reason for asset bubbles. How to pop them before they grow too large, however, is a much harder problem.

The study of bubbles has steadily gathered urgency during the past four decades as crashes became more spectacular and more damaging. The stock crash of 1987 was a wake-up call for those

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‘Delay in recognising bad loans hurts lenders&
Mumbai: Delays in recognition of non-performing assets (NPA) and the lack of timely allocation of provisions on these bad loans can impact the financial health of banks, the RBI said in its report.

“Empirical evidence suggests that the profitability of banks that delay recognition and adequate provisioning for impaired assets is adversely affected

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NBFC supervision to cover auditors, banks, rating cos
Mumbai: The Reserve Bank of India (RBI) has extended supervision to auditors, banks and rating companies to prevent defaults and ensure broader financial stability.

“Apart from strengthening the existing four pillars of supervision — on-site examination, off-site surveillance, market intelligence and reports received from statutory auditors — a fif

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NEW DELHI: Domestic equity market opened with a minor cut on Thursday ahead of the expiry of December futures and options contracts. Lack of clarity on the US-China trade deal is also keeping traders on the sidelines.

Meanwhile, foreign portfolio investors (FPIs) turned sellers for the first time since December 13 on Tuesday. In the last eight

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MFs add over Rs 4 lakh crore to asset base in 2019, expects momentum to continue in New Year
New Delhi: Mutual funds have added a staggering over Rs 4 lakh crore to their asset base in 2019 and the industry expects the growth trajectory to continue in the new year on the back of strong inflows in debt schemes and measures taken by regulator Sebi for boosting investors' confidence.

It was because of strong inflows into debt-oriented

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Investors shifting to larger brokers as smaller players face challenges

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Stock market update: Realty shares dip; Prestige Estates down 1%

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Sebi puts in place stewardship code for mutual funds, AIFs
Mumbai: The Securities and Exchange Board of India (Sebi) has asked all mutual funds and alternative investment funds (AIFs) to monitor their investments in listed companies.

The regulator on Tuesday mandated these institutional investors to have a comprehensive policy on discharge of their stewardship responsibility and on how to manage conflict

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D-Street show toppers of 2019 likely to retain their mojo
BHARTI AIRTEL| CMP: ₹457.35 | YTD Change: 59.23%

THE STOCK is the top performer in the Sensex this year mainly due to the end of the telecom tariff war. “We remain constructive on Airtel as it remains well positioned to capitalise on pricing recovery,” said Credit Suisse in a recent note. The consensus target price of ₹517.32 (based on Bloomberg d

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Share market update: Nifty Service sector index flat; Zee Entertainment slips 1%
NEW DELHI: Nifty Service sector index was trading flat with a negative bias in Thursday's morning session.

While Indiabulls Housing Finance (up 2.35 per cent), Shriram Transport Finance (up 0.83 per cent), LIC Housing Finance (up 0.52 per cent), Tech Mahindra (up 0.51 per cent), Bajaj Finserv (up 0.47 per cent), HDFC Life Insurance (up 0.46 per

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Taking stock of Dalal Street

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RBI warns banks over focus on retail loans
MUMBAI: The Reserve Bank of India (RBI) has red-flagged banks’ reliance of retail loans over slowing economic activity and negative consumer sentiment.

The banking regulator called for a granular lending strategy to offset risk concentration in its annual publication on trends and progress of banking in India.

“Lenders have been shifting their f

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