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US economy set fair for 2020, provided trade truce holds: View
By John KempLike the rest of the US economy, the labour market is split between sluggish manufacturing and a much stronger services sector, but both appear to have averted falling into recession at the end of the third quarter.

Nonfarm employment was up by 1.46 per cent in the three months between September and November compared with the same

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ARCs will now have to take the auction route to acquire NPAs
Mumbai: To bring in more transparency into bad-loan exchanges and ring-fence these deals from likely allegations of conflict of interests, the Reserve Bank of India (RBI) has barred asset reconstruction companies (ARCs) from acquiring financial assets on a bilateral basis.

This will impact bilateral transactions involving banks or financial

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BSE Star MF does 3.4 crore transactions worth Rs 1.17 lakh cr in FY20

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The domestic equity market remained resilient for much of last week in spite of weak GDP numbers and other negative macro indicators, but inflation worries came in to dominate the narrative and trigger bear hammering of stocks by the end of the week.

In fact, RBI’s status quo on policy rates acted as a mood spoiler: an interest rate cut was what w

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NEFT transactions to be made 24x7 from December 16

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ONGC lists $300 million MTN issue on India INX
New Delhi: BSE-owned India International Exchange (India INX) on Friday said it has listed state-owned ONGC's USD 300 million medium-term note issue on its debt listing platform.

The maiden issue is part of ONGC's medium term note (MTN) programme to raise up to USD 2 billion in overseas borrowings through debt-instrument.

The notes under the

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Karvy Stock Broking not only illegally pledged clients’ shares but also held back their payments for months after investors sold through the troubled brokerage firm, it is learnt. Karvy Stock Broking didn’t reply to an email from TOI about complaints by clients about non-transfer of funds to their accounts.

In one case, a US citizen, who offloaded

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By Simon Jessop - Clara DeninaLondon: The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed bin Salman’s ambitious plan to open the gates to foreign investment in the kingdom. But there’s no sign of a stampede.

The state oil giant confirmed on Thursday that its initial public offering would be the biggest in history,

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REC raises $500 million via unsecured notes
New Delhi: REC n Friday said it has raised USD 500 million (about Rs 3,550 crore) by issuing unsecured notes, and the proceeds would be used for lending to power sector.

"REC Ltd has issued USD 500,000,000, 3.50 per cent notes due 2024, on December 05, 2019. The notes will mature on December 12, 2024 and all principal and interest payments will be

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By Sarah Ponczek

Between Donald Trump’s trade tweeting, an about-face at the Fed, the buckling and unbuckling of the yield curve, trading stocks in 2019 seemed like a never-ending ordeal of volatility and confusion. Operative word being “seemed.”

In fact, going by one measure, the frequency of up days, you have to go back a quarter century to find

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Trade war goes digital as India eyes tariffs on Internet economy
GENEVA: A 20-year global moratorium on imposing tariffs on digital trade could end next week if India or South Africa makes good on threats, according to trade officials and documents, potentially forcing people to pay duties on software and movie downloads.

Since 1998, World Trade Organization (WTO) members have renewed a ban on import duties on

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Radhakishan Damani may look to raise Rs 5,870 crore via stake sale
By Baiju Kalesh and P R SanjaiBank of America Corp. and Kotak Mahindra Capital Co. are among banks Indian billionaire Radhakishan Damani picked for another planned stake sale in Avenue Supermarts Ltd., owner of the DMart brand, said people with knowledge of the matter.

Damani selected the banks as he prepares to pare his stake in India’s largest l

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Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close
The stock market looks set to end 2019 the way it began the year — highly sensitive to headlines from President Donald Trump’s global trade war.

Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and

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LIC, SBI, Bank of Baroda to reduce stake to below 10% in UTI AMC by Dec 2020
MUMBAI: The Securities and Exchange Board of India (Sebi) directed the domestic shareholders of UTI Asset Management Co (AMC) — Life Insurance Corporation, State Bank of India and Bank of Baroda — to bring down their stakes below 10% forthwith to comply with crossholding rules, saying they had been dragging their feet.

The regulator also wants

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Saudi Aramco shares to start trading on December 11

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Robots in finance could wipe out some of its highest-paying jobs
By Lananh Nguyen

Robots have replaced thousands of routine jobs on Wall Street. Now, they’re coming for higher-ups.

That’s the contention of Marcos Lopez de Prado, a Cornell University professor and the former head of machine learning at AQR Capital Management LLC, who testified in Washington on Friday about the impact of artificial intelligence on

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SBICAP Ventures achieves first closure of govtlast-mile fund for stuck projects
MUMBAI | BANGALORE: SBICAP Ventures, an alternative asset manager, has achieved first closure of its Special Window for Affordable and Mid-Income Housing Fund (SWAMIH) Investment Fund I at Rs 10,530 crore.

The fund has attracted interest from investors such as government of India, State Bank of India, LIC, HDFC and all major public sector banks.

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F O: Fall below 11,888 level may take Nifty to 11,800-11,700 zone
By Chandan TapariaNSE Nifty opened with a marginal gain, but started correcting from initial trades and continued to make lower lows as the session progressed. The index breached its crucial support of 11,950 and formed a big red body candle on the daily chart.

Dalal Street witnessed breakdown from Head and Shoulder pattern on the hourly chart,

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Franklin plans& NAVs slip post Essel Infra downgrade
Mumbai: The net asset value (NAV) of four debt schemes of Franklin Templeton Mutual Fund fell in the range of 0.39 per cent to 1.98 per cent in a single day on Dec 5, after the fund house marked down its exposure by 50 per cent in Essel Infraprojects.

This happened after Brickwork Ratings downgraded bank facilities of Essel Infraprojects worth

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ITC acquires first tranche of shares in Delectable
Kolkata: ITC on Friday said it has acquired the first tranche of shares in home grown start-up Delectable Technologies amounting to 11.15% of its stake.

The Kolkata-based conglomerate informed the stock exchanges that it has acquired 100 equity shares of Rs 10 each and 1864 compulsorily convertible preference shares of Rs 10 each of Delectable

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After Market: Voda Idea, PSU banks bleed; 23 stocks cross 50-EMAs
YES Bank failed to see a change of fortunes as the stock plunged nearly 10 per cent in Friday’s day, after ratings agency Moody’s downgraded its credit profile. Vodafone Idea closed 5 per cent lower after Kumar Mangalam Birla said the company may have to shut shop if the government doesn’t come to its aid.

Most bank stocks ended with deep cuts a

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D-Street bulls take a U-turn in absence of clear signposts
Mumbai: Share indices ended sharply down on Friday in the absence of fresh triggers after having vaulted to all-time records last week and the central bank slashing growth estimates. Losses on Friday were led by stateowned banks and auto stocks.

The Sensex and the Nifty ended 0.8 per cent down at 40,445.15 and 11,921.50, respectively. Yes Bank,

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Strong US job growth highlights economy's resilience
WASHINGTON: US job growth increased by the most in 10 months in November as former striking workers returned to General Motors' payrolls and the healthcare industry boosted hiring, the strongest sign yet the economy was not in danger of stalling.

The Labor Department's closely watched monthly employment report on Friday also showed steady wage

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'BUY' or 'SELL' ideas from experts for Thursday, 5 December, 2019
NEW DELHI: Domestic equity market is likely to open lower on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

At 8:25 am the SGX Nifty was 24.50 points or 0.20 per cent lower at 12,070.

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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Banks& economic apartheid towards SMEs must end
By Sridhar Ramachandran

Once my mathematics teacher told me, “Don’t worry boy that you failed – I will help you out.” He never threw me out of the class. This approach is required today for the small and medium enterprises (SMEs) with less than Rs 500 crore revenue.

MSMEs contribution to GDP is around 30 per cent and they generate over 80 per cent

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Wall Street jumps after bumper jobs data, upbeat tone on trade
US stocks advanced on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week.

A Labor Department report showed domestic job growth increased by the most in 10 months in November, aided by striking workers returning to General Motors'

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ET Intelligence Group: The correction in steel stocks over the past two days is likely an overreaction to a delay in trade deals involving the world’s two biggest economies. Given the favourable valuations and fundamentals, this might be an opportunity to buy.

JSW Steel, Tata Steel, Jindal Steel - Power and state-owned SAIL corrected more than

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Business decisions taken by bank officials won&t be questioned: PM
Mumbai: Prime Minister Narendra Modi has assured bank officials that business decisions taken by them will not be questioned. The government will also release guidelines on the scrutiny of any serving finance or banking expert, he said at an event in Delhi.

“I would like to tell every bank official through you that we have come out from old s

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NSE appoints Girish Chandra Chaturvedi as chairman

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The analyst suggested a stoploss at Rs 61.

ETMarkets.com|

Updated: Dec 05, 2019, 08.28 AM IST

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BuyKarur Vysya Bank Ltd., incorporated in the year 1916, is a banking company (having a market cap of Rs 5075.69 Crore).
Jayesh Bhanushali of IIFL has a buy call on Karur Vysya Bank Ltd. with a target price of Rs 68.0 . The current price of Karur
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