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Stock market update: Sugar stocks mixed; Piccadily Sugar climbs 5%
NEW DELHI: Most of the sugar stocks were trading on a mixed note in Monday's afternoon session.

Shares of Piccadily Sugar (up 4.72 per cent), Gayatri Sugars (up 3.85 per cent), Simbhaoli Sugars (up 3.28 per cent), Kesar Enterprise (up 1.97 per cent) and Dhampur Sugar Mills (up 1.11 per cent) were among the top gainers.

While Dharani Sugars -

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Sundar Pichai gets whopping $242 million stock package in new role
Alphabet Inc's newly instated Chief Executive Officer Sundar Pichai would receive a hefty $240 million in performance-based stock awards over the next three years, the highest ever promised to any executive of the search giant.

Pichai would also take home $2 million in annual salary starting 2020, according to a regulatory filing on Friday. That

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Sebi levies Rs 22.9 lakh fine on 3 entities for fraudulent trading

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Tata Power to own licence for distribution, retail supply of electricity in Odisha
New Delhi: Tata Power on Monday said it has emerged as the successful bidder to own the licence for distribution and retail supply of electricity in Odisha's five circles together constituting Central Electricity Supply Utility of Odisha (CESU).

In a regulatory filing the company said the Odisha Electricity Regulatory Commission (OERC) has awarded

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Beware! Dalal Street is climbing a wall of worry; FIIs, DIIs divergingBeware! Dalal Street is climbing a wall of worry; FIIs, DIIs diverging
Beware! Dalal Street is climbing a wall of worry; FIIs, DIIs diverging
Much to everyone’s surprise, Nifty and Bank Nifty touched new highs this week. Buoyancy was visible in equities across the globe in spite of concerns over rich valuations, trillions of dollars in negative interest rates, Trump’s impeachment and other unfavourable geopolitical developments.

FIIs spearheaded the indices with aggression, which led

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BSE's equity F O turnover scales new high of Rs 1,495 crore

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GIC to pick up Rs 430-crore stake in Prestige Estates
Mumbai: Singapore’s sovereign fund GIC is investing around Rs 430 crore in listed real estate developer Prestige Estates through a preferential issue of equity shares.

GIC-managed investment firm Gamnat Pte will acquire 13.4 million equity shares of the Bengaluru-based company at Rs 323.22 per share, Prestige said in a regulatory filing.

Prestige

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Former Axis executive appointed Piramalconsumer finance business CEO
Mumbai: Ajay Piramal has hired former Axis Bank CFO Jairam Sridharan to drive its retail business to balance its portfolio as wholesale concentration became a drag. Sridharan, who has been designated as CEO of Piramal’s consumer finance business, was instrumental in pushing Axis’ retail drive.

“Our hope is to create a world class new age AI-led len

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SBI Cards, ICICI Home Finance, 2 others to list commercial papers on BSE
New Delhi: Leading stock exchange BSE on Friday said as many as four companies, including SBI Cards and Payment Services and ICICI Home Finance Company have made application to list their commercial papers.

The other companies that made applications with the exchange are GIC Housing Finance and Aditya Birla Money.

Post process, the effective date

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Share market update: Tyre stocks gain; Oriental Carbon Chem rises 2%
NEW DELHI: Tyre stocks were trading in the green zone in Monday's afternoon session.

Shares of Oriental Carbon - Chem (up 1.58 per cent), Govind Rubber (up 1.54 per cent), Goodyear India (up 1.04 per cent), Goa Carbon (up 1.03 per cent), J K Tyre - Industries (up 0.91 per cent), Balkrishna Industries (up 0.66 per cent), Phillips Carbon

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Mumbai: Morgan Stanley has slashed the target price on Bharat Heavy Electricals to Rs 37 from Rs 46, down almost 20 per cent, while maintaining underweight rating, as it sees tougher macro outlook for the company going ahead.

“We believe the macro outlook for BHEL has toughened driven by a combination of — a) weak power demand (delay in new o

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NSE joins hands with Gujarat govt to promote MSMEs
New Delhi: Leading stock exchange NSE on Friday said it has entered into a pact with the Gujarat government to work jointly for the promotion and development of MSMEs (Micro Small and Medium Enterprises) in the state.

The MoU will address multiple avenues for MSMEs in terms of fund raising and understanding of hedging foreign exchange fluctuations

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China's state fund to trim stakes in tech stocks
China's state-backed semiconductor fund announced plans to reduce holdings in some tech firms, even as foreign investors continued to add exposure to the country's tech sector.

The National Integrated Circuitry Investment Fund, also known as the "Big Fund", planned to cut its stakes in Gigadevice Semiconductor, chipmaker Shenzhen Goodix Technology

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Mumbai: The capital expenditure of top Indian companies stayed resilient in the April-September period of FY20, according to ICICI Securities, but the condition of growth drivers for such expansion remains challenging.

A study of 1,192 non-financial companies by the brokerage showed the amount spent on capex like plant, property, equipment,

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Karvy case: SAT asks Sebi to pass order by Jan 15 on Axis Bank's plea
New Delhi: The Securities Appellate Tribunal on Friday asked Sebi to pass an order by January 15 next year in Karvy Broking matter on Axis Bank's plea that the regulator's ruling is preventing it from accessing securities pledged by the broking firm through another account.

The tribunal modified its earlier directive passed on December 17, wherein

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Banking industry's NPA situation to improve by fiscal-end: SBI chairman
New Delhi: SBI Chairman Rajnish Kumar on Saturday said most banks will be in a good position with respect to stressed assets by March and there is no dearth of liquidity in the system for lending. He added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from
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Bharat ETF gets over Rs 12,000 crore subscriptions
Mumbai: Bharat Bond ETF, a government instrument to tap retail money, has obtained more than Rs 12,000 crore worth of subscriptions, people tracking the issue said, as the investment window closed Friday.

The largest debt fund offer in India was subscribed 1.71 times, with local individual investors and non-resident Indians pouring in money.

The

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UK lawmakers OK Johnson's Brexit bill, pave way to leave EU

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Dalal Street week ahead: Nifty losing momentum; stay alert ride the rallyDalal Street week ahead: Nifty losing momentum; stay alert ride the rally
Dalal Street week ahead: Nifty losing momentum; stay alert ride the rally
The risk-on global setup, which had begun a week before, continued throughout the previous week as well. The resultant buoyant setup drove the Indian market higher, which ended at a new lifetime high.

Though the momentum continued to falter, the market did not show any sign of retracement and, instead, continued to consolidate at higher levels.

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Wall Street rides trade optimism to record highs
US stocks inched to fresh record highs on Friday, as investors remained optimistic about improving trade relations between Washington and Beijing in the run-up to the holiday season.

All three major stock indexes have been trading at record levels for over a week, boosted by the announcement of an initial U.S.-China trade agreement and upbeat

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Tribhovandas Bhimji Zaveri says not related to Tribhovandas Bhimji Zaveri Sons Retail

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By Sam Potter, Eddie van der Walt, and Justina Lee

Unless a once-in-a-decade reversal hits, investors are about to book once-in-a-decade returns.

Virtually everything is winning in this remarkable year, and the world’s major asset classes are collectively on course for the strongest annual performance since 2009. Even in a go-slow week, the S-P

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Andrew Bailey to guide Bank of England through Brexit
LONDON: Britain's new government named Andrew Bailey as the Bank of England's next boss on Friday, entrusting a veteran regulator and technocrat with steering the economy and its vast finance industry through Brexit.

During a 30-year stint at the BoE, Bailey helped shore up the banking system against the global financial crisis. Since 2016 he has

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RBI's Operation Twist has just delivered a windfall to some MF investorsRBI's Operation Twist has just delivered a windfall to some MF investorsRBI's Operation Twist has just delivered a windfall to some MF investors
RBI's Operation Twist has just delivered a windfall to some MF investors
Mumbai: Long-duration and dynamic bond funds are likely to be the biggest beneficiaries of the Reserve Bank of India’s (RBI) surprise decision to emulate the Federal Reserve’s ‘Operation Twist’.

RBI on Thursday said it will conduct a simultaneous sale and purchase of bonds, in a move seen by market participants as an attempt to bring down

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Wall Street Week Ahead: History suggests rally may slow for US stocks in 2020Wall Street Week Ahead: History suggests rally may slow for US stocks in 2020Wall Street Week Ahead: History suggests rally may slow for US stocks in 2020
Wall Street Week Ahead: History suggests rally may slow for US stocks in 2020
NEW YORK: The out sized rally in the US stock market this year may give way to a more muted performance in 2020 if history is any guide.

The benchmark S-P 500 is up nearly 28% for the year, which if the market closed this week for the year, would mark the second-best annual performance for the index since 1997.

However, investors who are

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Anand Mahindra quits as M M rolls out succession plan
Mumbai: With the $20.9 billion M - M Group undergoing a transition, as over the next 15 months, a number of key leaders are set to retire. In the light of this, a succession plan has been instituted under the aegis of the Governance, Nomination - Remuneration Committee (GNRC) of the Board. The process has been completed in a structured
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Top intraday trading ideas for afternoon trade on Friday, December 20, 2019

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Best way to protect capital in stock investing: SWOT analysisBest way to protect capital in stock investing: SWOT analysis
Best way to protect capital in stock investing: SWOT analysis
By DK Aggarwal

Investing in the stock market is considered one of the best ways to accumulate wealth.

But before jumping into investing in a stock, one needs to analyse it. Stock investing can be extremely rewarding if the investment decision is based on fundamentals.

SWOT analysis – an acronym for studying strengths, weaknesses, opportunities and

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Operation Twist good news for midcap stocks. Lokapriya tells you why
Operation Twist will lower the borrowing cost at the longer end of the curve, says Chakri Lokapriya, CIO - MD, TCG AMC. Excerpts from an interview with ETNOW.

ET Now: Let us talk about your outlook for the market in terms of how you see valuations for midcaps. Do you think that things are looking lucrative from a valuation standpoint?Chakri

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Share market update: Telecom shares rise; MTNL jumps 5%
NEW DELHI: Telecom shares were trading in the positive zone in Friday's morning session.

Shares of Mahanagar Telephone Nigam (up 4.98 per cent) , Bharti Infratel Ltd (up 3.45 per cent) , Vindhya Telelinks (up 2.94 per cent) , GTL Infrastructure (up 2.56 per cent) , Tejas Network (up 1.35 per cent) , Bharti Airtel (up 0.97 per cent) , GTPL Hathway

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