Sebi exempts family trust linked to promoters of SRF, Kama Holdings from open offer requirement
New Delhi: Markets regulator Sebi on Monday exempted a private family trust related to promoters of SRF Ltd and Kama Holdings Ltd from the obligation of making open offer following its proposed acquisition of shareholding in these two companies.

ABR Family Trust had sought exemption from the obligation of making open offer following the proposed

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Valuations of FMCG stocks have finally started correcting, with prices falling between 3 per cent and 12 per cent in the past one month as compared with the marginally positive returns on the Nifty.

On an average, shares of FMCG companies are currently trading 15 per cent below their yearly highs as foreign portfolio investors reduced their

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FPIs turn net sellers in Indian capital markets in Dec amid weak macro data
New Delhi: Reversing their buying trend, foreign portfolio investors (FPI) turned net sellers in December with a net outflow of Rs 244 crore from the capital markets amid subdued economic data.

According to the depositories data, foreign investors pulled out a net sum of Rs 1,668.8 crore from equities. FPIs, however, invested Rs 1,424.6 crore on a

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Tariff hikes to double telcos' Ebitda: Crisil
MUMBAI: A tariff uptick of upto 50% in the telcom sector may double the industry's operating revenue by next fiscal, said rating agency CRISIL Ratings . The rating firm concluded that revised tariffs will improve the average revenue per user (ARPU)- a key industry metric and every Rs one increase in ARPU will add to Rs 1000 crore to industry's

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Asian stocks pulled higher by Wall St jobs rally but China caution prevails
SYDNEY: Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong US jobs data although regional gains were capped by concerns about China's economy due to the prolonged Sino-US trade war.

Japan's benchmark Nikkei advanced 0.3 per cent while MSCI's broadest index of Asia-Pacific shares outside Japan gained

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Inflation IIP prints, trade deal other global cues to steer Dalal Street this week
Plenty of events and factors are likely to keep the market busy next week. They include a new listing, some crucial bills in Parliament, a couple of important macro data and global cues.

The government will release November inflation print amid soaring vegetable and food prices, while factory output data for October will be released a little later

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Former Fed Chief Paul Volcker, inflation tamer, dead at 92
Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his daughter Janice Zima.

Volcker, who Zima said had been suffering from prostate cancer, was the first to

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HDFC Bank arm HDB Financial to raise $300 million in overseas loan
Mumbai: HDB Financial Services, a subsidiary of HDFC Bank, is raising $300 million in its first-ever overseas syndicated loan as it aims to diversify its borrowing resources, two people with direct knowledge of the matter told ET.

“It has already launched the syndication programme, which will be closed soon,” said one of the persons cited above. Th

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Traders are already bracing for a wild week ahead
By Emily Barrett

Investors face a crush of events next week that could sweep away the biggest hurdles to a full-blown race into riskier assets, if things line up just right.

Over the second half of the week, possible catalysts for a Treasury market sell-off will arrive in close succession: Policy decisions from the U.S. and euro-zone central banks

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The domestic stock market was back to winning ways on Monday. After opening on a flat note, NSE Nifty spent most of the session rangebound in the positive zone. The index oscillated in a small 40-point range and finally ended with a gain of 16 points or 0.13 per cent at 11,937.50.

The 12,000 level is likely to pose strong resistance on Tuesday, as

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Analyst Calls: CFSL, ONGC, MRPL, RIL, ICICI Bank
Good morning!

The domestic stock market on Monday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 17.50 points lower this morning, signalling a weak start for Dalal Street.

As you head for the day’s trade, here is a compilation of overnight analyst calls on various stocks.

• Phillip C

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The domestic equity market was volatile last week as it saw numerous events from auto sales numbers to RBI policy decision, and OPEC meet unfold. At the same time, a lack of clarity on the trade front was another major reason behind the to-and-fro market movement.

Auto sales numbers were disappointing for another month as demand was subdued. On

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S P 500 melt-up is making cheerleaders into sceptics
You know something strange is going on when the stock market’s most reliable optimists sound like cranks.

Wall Street strategists have been thrust into just such a role at the end of 2019, as this year’s stunning recovery in the S-P 500 pushed it hundreds of points above where they thought it would be. So hot have stocks gotten that p

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Zee provides a unique investment opportunity for the investors as there are no other leading media players listed. Also the recent share price correction, triggered by promoter woes, and the resultant fall in valuations has made the company a favourite of analysts.

Investors used to consider Zee Entertainment Enterprises as a low risk high reward

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Marking a huge contrast to last week's market behaviour, Dalal Street gave up all the gains of last week to end near the low point of the trading range. The market was sitting on the verge of a breakout, but that did not fructify as the market refused to break above its crucial resistance zone. Nifty stayed relatively rangebound during the week as

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‘China may grow below 6% over next 5 years&
Beijing: China’s potential economic growth will be below 6 per cent over the next five years, an adviser to China’s central bank said on Saturday.

The economy could grow between 5 per cent and 6 per cent from 2020 to 2025, Liu Shijin, a policy adviser to the People’s Bank of China, said at a conference in Beijing, according to an article he posted

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Front running case: Sebi scans matrimonial website to catch manipulators
New Delhi: To catch manipulators, markets regulator Sebi has started looking at matrimonial profiles of suspected persons to establish link with family members in front running cases.

The markets watchdog has been scanning Facebook accounts of suspected persons in cases related to insider trading cases.

In the case of front running of several

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Bharti Airtel to gain at cost of Vodafone Idea, say brokerages
New Delhi: Telecom czar Sunil Bharti Mittal-led Bharti Airtel may consolidate its position at the expense of Vodafone Idea Ltd as it has better balance sheet strength to deal with the eventuality of having to pay past statutory dues in case the Supreme Court rejects their review petitions, brokerages said.

Airtel and Vodafone Idea have filed

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Duggal may be chairman of Shriram Group Companies, again
Mumbai: Arun Duggal is likely to take over as chairman of the Shriram Group entities after Ajay Piramal stepped down from the position selling his stake in Shriram Transport Finance. Duggal will oversee the proposed three-way merger of Shriram Transport Finance, Shriram City Union and Shriram Capital.

A plan to merge two of its publicly traded

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The domestic equity market again failed its attempt to break above the double top resistance at 12,103. On Friday, it adopted a corrective move and ended the day with a loss. Nifty opened on a positive note after spending the initial hours in the positive before the market gradually slipped into the red. Nifty then stayed in the falling trajectory

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Private banks get to invest client money as FPI: But will it meet client objectives?
By Sunil Badala - Amit Ahuja

The Securities and Exchange Board of India (Sebi) has introduced welcome changes for foreign portfolio investors (FPI) in its new Sebi (FPI) Regulations 2019, read with its operational guidelines. The key changes include elimination of broadbased requirement, elimination of declarations relating to opaque

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Nifty tech charts indicate pause further weakness

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Tweet Buster: What to do when you've more negatives to deal with on D-Street
NEW DELHI: RBI policy decision, outcome of the Opec meet and lack of clarity on the trade talks between the US and China did not augur well for the domestic equity market this past week, with equity benchmarks Sensex and Nifty settling nearly 1 per cent lower.

With an economic revival not in sight and Vodafone Idea Chairman Kumar Mangalam Birla

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Indiaconstruction, property industries in trouble, says Raghuram Rajan
India’s real estate, construction and infrastructure industries are a ticking time bomb, former RBI governor Raghuram Rajan has warned. Rajan said the sectors were in “deep trouble,” and the non-bank finance companies which lend to these sectors should have their asset quality reviewed.

There is also “significant distress in rural areas,” Rajan wro

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ET Intelligence Group: The stock of Sudarshan Chemical Industries, India’s largest pigment producer, is back on the radar of institutional investors due to its high revenue visibility from ongoing capacity expansion for specialty products.

The stock rose 23 per cent in the past three months, an outperformance of 10 per cent to the BSE Midcap index

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India Inc foreign borrowings jump over two-fold to $3.41 billion in Oct
New Delhi: India Inc's foreign borrowings grew over two-fold to $3.41 billion in October over the corresponding month a year ago, according to data from the Reserve Bank of India.

Indian companies had raised $1.41 billion in borrowings from overseas markets in October 2018.

Of the total money borrowed by the domestic companies, $2.87 billion was

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By DK Aggarwal

Investing in the equity market is not only about studying numbers; it is also about judging the qualitative factors, among which investors are increasingly beginning to realise ESG – i.e. environmental, social and governance – issues play a key role in the way a business grows and creates value for its investors.

Today, social and

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Buy Infosys, price target Rs 745: Chandan Taparia
Chandan Taparia of Motilal Oswal Securities has a buy call on Infosys Ltd. with a target price of Rs 745.0 . The current price of Infosys Ltd. is Rs 715.15 . Chandan Taparia recommended to keep a stoploss at Rs 699 .

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 304543.53 Crore) operating in IT

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Five of top-10 most valued firms add Rs 56,877 crore in m-cap
New Delhi: Five of the 10 most valued firms added a total Rs 56,877.12 crore in market valuation last week, led by IT major Tata Consultancy Services (TCS).

The market capitalisation (m-cap) of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.

Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys

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How brokerages misuse clients- power of attorneys how can investors protect themselves
By Sandeep Shah

The hornet’s nest has been stirred again!

The news about a reputed stockbroking firm misusing power of attorneys (POA) given by clients in its favour to pledge the shares for its own benefit and the consequential losses suffered by the client due to the inability of the broker to return the shares has made the capital market

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