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Mumbai: Financials have emerged as India's biggest wealth creators over a period of 2014-2019 for the third consecutive year, led by private banks and NBFCs (non-banking finance companies), but sustaining this leadership may be difficult for the sector.

These are the findings of the annual wealth creation study published by Motilal Oswal

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Trump repeats call for Fed to lower interest rates, boost quantitative easing

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After Market: Kolte-Patil surges 14%; metals shine; Pharma, realty decline
Shares of realty developer Kote-Patil surge 14 per cent on Tuesday after the company said it sold 500 apartments in its Pune-based project for a booking value at Rs 205 crore. Pharma major Cipla gained after it acquired brand name and trademark rights of Vysov for anti-diabetic drug Vildagliptin.

Meanwhile, Whirlpool fell over 4 per cent as its

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NEW DELHI: Volatility could become the new normal for shares of Tata Group, at least in the short term, after the National Company Law Appellate Tribunal (NCLAT) on Wednesday ordered restoration of Cyrus Mistry as executive chairman of Tata Sons.

Most stocks from the group ended in the red following the NCLAT order. Tata Motors, which traded

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Sebi orders to impound Rs 8 cr from PC Jeweller in insider trading case
New Delhi: Markets regulator Sebi on Tuesday ordered impounding of alleged unlawful gains of more than Rs 8 crore made by two promoters and related entities of PC Jeweller in an insider trading case.

The two promoters are Shivani Gupta and Sachin Gupta, and others are Amit Garg and Quick Developers Pvt Ltd (QDPL).

The latest ruling comes after a

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Tech View: Nifty forms a bullish candle, may create a double top
NEW DELHI: Nifty50 resumed its uptrend on Tuesday after a brief halt on Monday. The index formed a bullish candle on the daily chart and negated the negative pattern formed in the previous session. Analysts said if the index manages to trade above 12,070, it could attract more buying interest.

Aditya Agarwala of YES Securities said a sustained

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Will take appropriate legal recourse against NCLAT order: Tata Sons

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Karvy case: SAT asks Sebi to hear Axis Bank's plea, pass order in 15 days
New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday asked Sebi to pass an order within 15 days in Karvy Broking matter on Axis Bank's plea, which said the regulator's ruling is preventing the lender from accessing securities pledged by the broking firm through another account.

The order comes following a Sebi directive to the National

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Whirlpool shares slide over 4% after MD resigns
New Delhi: Whirlpool of India's shares dropped over 4 per cent on Tuesday after its Managing Director Sunil D'Souza resigned from the company.

The firm's scrip tanked 4.19 per cent to close at Rs 2,159.65 on the BSE. During the trade, it plunged 5.84 per cent to Rs 2,122.25.

On the National Stock Exchange (NSE), it went lower by 4.34 per cent to

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GST Council extends GSTR 9 9C return filing, votes for first time on single rate for lotteries
The GST Council on Wednesday resorted to voting for the first time to decide on an issue as it fixed a uniform tax rate of 28 per cent on both state and private lotteries.

Decisions in the previous 37 meetings of the GST Council, headed by the Union Finance Minister and comprising representatives of all states and UTs, had been taken unanimously.

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GIC entends Rs 750 crore interim loan to IRB Infra
Mumbai: GIC has given a Rs 700 crore interim loan to IRB Infrastructure, after the Singapore sovereign wealth fund a few months ago made an investment commitment of Rs 4,400 crore in an investment trust (InVT) introduced by the road contractor, three people with direct knowledge of the matter said.

As much as 90% of IRB’s lenders, including Andhra

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Trai defers zero-IUC regime for a year
NEW DELHI: The telecom regulator has deferred by a year implementation of the zero-interconnect usage charges (IUC) regime that was slated to kick in from January 2020, giving some relief to India’s older operators Vodafone Idea and Bharti Airtel who can now keep getting some revenue on this account.

“For wireless to wireless domestic calls, t

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After Market: Tata Motors dives, HDFC twins at lifetime highs; PSU banks biggest losers
Tata Group stocks tumbled on Wednesday after the National Company Law Appellate Tribunal ordered restoration of Cyrus Mistry as Executive Chairman of Tata Sons.

Tata Motors stock, which traded higher all through the session, saw fag-end selling and ended 3.05 per cent lower at Rs 174 on BSE. Similarly, Tata Steel fell 2.21 per cent and Tata

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In a positive session for the domestic stock market, the benchmark indices surged to a lifetime highs on Tuesday. NSE Nifty made a better-than-expected opening and traded with substantial gains for most part of the session. The index showed no signs of retracement and closed 111.05 points or 0.92% per cent higher at 12,165.

The headline index

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Stock market update: Realty shares mixed; Prestige Estates jumps 6%
NEW DELHI: Realty shares were trading on a mixed note in Tuesday's morning session.

Shares of Prestige Estates Projects (up 6.47 per cent) , Indiabulls Real Estate (up 1.05 per cent) , SOBHA (up 0.58 per cent) , Sunteck Realty (up 0.52 per cent) and Godrej Properties (up 0.15 per cent) were among the top gainers.

While Phoenix Mills (down 1.13

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F O: Options data suggests shift in Nifty range to 12,000-12,300 zone
By Chandan TapariaNifty50 had a gap up opening for the sixth consecutive session on Wednesday and registered a new all-time high at 12,237. The index corrected in the initial hour of trades, but took support at its Horizontal Trendline and rebounded piercingly.

It continued to make higher highs and lows for the fifth session and formed a positive

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YES Bank to raise capital at the earliest: Ravneet Gill
Mumbai: YES Bank is on track to raise the much-needed capital, its CEO Ravneet Gill said on Tuesday.

“We have always maintained that we will raise capital at the very earliest… none of that has changed. We want to get back on the growth phase,” Gill said at Times Networks’ India Economic Conclave.

“As soon as capital comes in, the runway for g

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Share market update: Nifty Pharma index up; Glenmark Pharma rises 1%
NEW DELHI: Pharma shares were trading with gains in Tuesday's morning session with their sectoral index trading up.

Shares of Glenmark Pharmaceuticals (up 1.08 per cent) , Piramal Enterprises (up 1.07 per cent) , Cipla (up 1.04 per cent) , Dr Reddys Laboratories (up 0.43 per cent) , Lupin (up 0.23 per cent) and Divis Laboratories (up 0.13 per

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​Tech View: Nifty forms small bullish candle, can go either way from here
NEW DELHI: Nifty scaled another record closing high on Wednesday and formed a small bullish candle on the daily chart. As long as the NSE barometer stays above the 12,150 level, there is a good chance of it hitting the 12,300 level soon, analysts said.

For the day, Nifty closed at 12,224, up 59.60 or 0.49 per cent. The recent gains have shifted

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The International Monetary Fund (IMF) will revise estimates for India’s economic growth in January, which will be a significant downward cut over the previous estimate, its chief economist Gita Gopinath said on Tuesday.

“India is one of the emerging markets where growth has surprised on the downside,” she said at Times Networks’ India Economic Conc

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Share market update: FMCG shares in the green; ITC gains 1%
NEW DELHI: FMCG shares trading in the green in Tuesday's morning session.

Shares of Tata Global Beverages (up 1.57 per cent) , Colgate Palmolive (India) (up 1.2 per cent) , ITC (up 0.95 per cent) , Godrej Industries (up 0.91 per cent) , Godrej Consumer Products (up 0.89 per cent) , Hindustan Unilever (up 0.87 per cent) , Nestle India (up 0.66 per

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L T Finance raises Rs 300 crore via non-convertible preference shares

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Slowdown a fantastic opportunity to look at stocks: Raamdeo Agrawal
Market veteran Raamdeo Agrawal on Tuesday said that even as outperforming stocks look expensive at prevailing levels, building a portfolio of such stocks is the way to go for the next 5-15 years.

Giving an example of Indian economy, he noted that it took 60 years for the economy to reach $1 trillion mark in 2008, but it will take hardly be 2026,

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Buzzing stocks: YES Bank, Vodafone Idea, TCS, RIL
NEW DELHI: Vodafone Idea with over 6.38 crore shares changing hands was leading among the most traded stocks on NSE on Tuesday.

Shares of YES Bank (Rs 4.23 crore) , Ujjivan Small Finance Bank (Rs 2.81 crore) , GTL Infra (Rs 1.94 crore) , Trident Ltd (Rs 1.36 crore) , Dish TV India (Rs 0.91 crore) , JSPL (Rs 0.90 crore) , Reliance Comm (Rs 0.83

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LIC finalising plan to cut stake in UTI AMC
Siliguri: Public sector financial institution Life Insurance Corporation of India is shaping up its plan to go for over 40% reduction in its stake in UTI Asset Management Company(UTI AMC). The process has been initiated following a directive issued by market regulator Sebi.

“We are in process of developing plan to cut down our stake in UTIAMC. We

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BSE, IHS Markit sign pact to develop new bond valuation service

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Share market update: IT shares advance; NIIT Tech gains 5%
NEW DELHI: IT shares were trading with gains in Tuesday's morning session.

Shares of NIIT Technologies (up 4.59 per cent) , Just Dial (up 2.58 per cent) , Infosys (up 1.72 per cent) , Tata Elxsi (up 1.38 per cent) , Tata Consultancy (up 1.16 per cent) , Wipro (up 0.97 per cent) , Tech Mahindra (up 0.83 per cent) , Mindtree (up 0.79 per cent) and

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DHFL bonds traded about 80% discount

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Yes Bank shares continue to gain; up nearly 2%
New Delhi: Shares of Yes Bank on Tuesday gained nearly 2 per cent in-line with a broader market trend, registering its fourth consecutive day of rally.

The scrip jumped 1.71 per cent to close at Rs 47.60 on the BSE. During the day, it went up by 2.88 per cent to Rs 48.15.

On the NSE, it rose 1.81 per cent to close at Rs 47.65.

In fours days, the

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Stock market update: Cement stocks climb; Mangalam Cement up 2%
NEW DELHI: Most of the cement stocks were trading in the green in Tuesday's morning session.

Shares of Mangalam Cement (up 2.13 per cent), Birla Corporation (up 1.67 per cent), ACC (up 1.18 per cent), UltraTech Cement (up 1.16 per cent) and Orient Cement (up 0.90 per cent) were among the top gainers.

While Keerthi Industries (down 4.97 per cent),

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