Share market update: Telecom shares fall; Vodafone Idea plunges 15%
NEW DELHI: Telecom shares were trading with losses in Thursday's morning session.

Shares of Vodafone Idea (down 15.41 per cent) , Bharti Infratel (down 6.23 per cent) , Reliance Communications (down 4.69 per cent) and Sterlite Technologies (down 3.21 per cent) were trading with losses.

Bharti Airtel (down 2.63 per cent) , GTL Infrastructure (down

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Sell Hero MotoCorp, target Rs 2,470: Arun Kumar
Arun Kumar of Reliance Securities has a sell call on Hero MotoCorp Ltd. with a target price of Rs 2470. The current market price of Hero MotoCorp Ltd. is Rs 2593.15. Time period given by the analyst is Intra Day when Hero MotoCorp Ltd. price can reach defined target. Arun Kumar recommended to keep stoploss at Rs 2645. Hero MotoCorp Ltd.,

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'BUY' or 'SELL' ideas from experts for Wednesday, 13 November, 2019

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Aurobindo Pharma plunges 9% as USFDA issues 14 observations
NEW DELHI: Shares of Aurobindo Pharma tumbled 9 per cent in Thursday’s trade after US drug regulator issued 'Form 483' with 14 observations to the company's injectable formulation manufacturing facility at Pashamylaram, Hyderabad.

The Unit IV of the facility was inspected by USFDA from November 4 to November 13.

“We believe that none of these o

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Share market update: Sheela Foam, HAL among top gainers on BSE

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Tech stocks lift S P 500, Nasdaq to record highs; Trump speech awaited
A rise in technology stocks drove the S-P 500 and Nasdaq indexes to new record highs on Tuesday, while investors awaited a speech by President Donald Trump for clarity on U.S.-China trade relations.

Hopes of a resolution to the 16-month long tariff war and a strong corporate earnings season have propelled Wall Street this month.

Trump is

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Share market update: Power shares mixed; RInfra slips 5%
NEW DELHI: The BSE Power index was flat in Thursday's morning session.

Shares of Thermax (up 0.80 per cent) , Tata Power Company (up 0.72 per cent) , Torrent Power (up 0.64 per cent) and Bharat Heavy Electricals (up 0.55 per cent) were trading with gains.

While Reliance Infrastructure (down 4.94 per cent ) , JSW Energy (down 2.02 per cent ) ,

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Buy Torrent Power, target Rs 320: Arun Kumar
Arun Kumar of Reliance Securities has a buy call on Torrent Power Ltd. with a target price of Rs 320. The current market price of Torrent Power Ltd. is Rs 300.7. Time period given by the analyst is Intra Day when Torrent Power Ltd. price can reach the defined target. Arun Kumar recommended to keep stoploss at Rs 294.

Torrent Power Ltd.,

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Aditya Birla Fashion Retail Q2 profit falls 30% to Rs 30 crore

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As dollar flow resumes, 12 FPI-favourite stocks make solid short-term gains
NEW DELHI: Twelve stocks with huge FPI backing have climbed 20-80 per cent since September 20, as this institutional class of investors pumped in over Rs 38,000 crore into domestic equities on hope that the corporate tax cut would boost bottom lines for India Inc in an otherwise slowing economy.

Among them is Adani Green Energy, which is ruling at

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Days of hedging risk with bonds are over, says JP Morgan
With havens gutted by negative yields for years to come, JPMorgan Asset Management reckons it’s time to redefine what’s safe.

Over the next decade, alternatives such as private equity and real assets could help juice returns the firm sees draining away from portfolios that allocate 60 per cent to stocks and 40 per cent to bonds.

Strategists at the

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Markets hope for positive signs from Trump trade speech
NEW YORK: US President Donald Trump is scheduled to discuss the country's trade policy at the Economic Club of New York on Tuesday, and the markets are likely to hang on every word.

Trump's lunchtime address at the club, which has hosted U.S. presidents including Woodrow Wilson and John F. Kennedy, as well as foreign leaders like former Soviet

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Share market update: BSE Oil Gas index down; IOC, GAIL among top losers
NEW DELHI: OMCs were trading in the red in Thursday's session with their sectoral index on BSE trading lower.

Shares of Indian Oil Corporation (down 1.38 per cent) , GAIL (India) (down 1.17 per cent) , Hindustan Petroleum Corporation (down 1.17 per cent) and Oil And Natural Gas Corporation (down 0.47 per cent) were trading with losses.

Reliance

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Board Meetings Today: SpiceJet, IRCTC, BHEL, ABB and Muthoot Finance

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VA Tech WABAG posts Rs 24 crore Q2 profit
Chennai: Water treatment player VA Tech WABAG Ltd on Tuesday said it has clocked consolidated profit for the July-September quarter at Rs 23.89 crore.

The city-based firm had registered profit at Rs 28.49 crore during the corresponding quarter of previous year.

For the half year ending September 30, 2019, consolidated profits were at Rs 24.53

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CG Power to put its Worli head office up for sale
MUMBAI: CG Power and Industrial Solutions will soon put on the block its corporate head office building, a landmark in Mumbai’s posh Worli area, as a part of its plan to monetise assets to help revive the cash-strapped company.

The company is dealing with muted cash flows and huge debt at a time when an alleged fraud in the company has come to

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Buy Escorts, target Rs 690: CK Narayan
CK Narayan of Chart Advise has a buy call on Escorts Ltd. with a target price of Rs 690. The current market price of Escorts Ltd. is Rs 671.3. Time period given by the analyst is Intra Day when Escorts Ltd. price can reach defined target. CK Narayan recommended to keep stoploss at Rs 663. Escorts Ltd., incorporated in 1944, has a market cap of Rs

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Bayer CropScience Q2 profit rises slightly to Rs 170 crore

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Share market update: Bank shares mixed; RBL Bank up 2%
NEW DELHI: Bank shares were trading on a mixed note in Wednesday's morning session.

Shares of RBL Bank (up 1.75 per cent) , YES Bank (up 1.71 per cent) , Punjab National Bank (up 0.65 per cent) and Federal Bank (up 0.42 per cent) were the top performers in the index.

IndusInd Bank (down 1 per cent) , State Bank of India (down 0.80 per cent) ,

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Better-run banks will get bigger share of deposits
Madan SabnavisChief Economist, CARE Ratings

With the wide-ranging changes taking place in the banking sector, the status of a deposit holder has also changed and one should be prepared for more. A bank deposit was considered to be the safest avenue for parking funds as there was an implicit guarantee on them. The returns were lower than those on

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Adani Gas Q2 profit doubles to Rs 120 crore
New Delhi: Adani Gas on Tuesday reported more than doubling of its second quarter net profit on lower tax rate.

Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back, the company said in a statement.

Revenue

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Share market update: Auto shares in the red; Apollo Tyres down 1%
NEW DELHI: Auto shares were trading in the red in Wednesday's morning session.

Shares of Apollo Tyres (down 0.60 per cent) , Bharat Forge (down 0.48 per cent) , Maruti Suzuki India (down 0.31 per cent) and Tata Motors (down 0.25 per cent) were the top losers in the index.

MRF (down 0.21 per cent) , Hero MotoCorp (down 0.15 per cent) , Ashok

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Buy Axis Bank Ltd. at a price target of Rs 766.0 and a stoploss at Rs 716 from entry point.

Updated: Nov 13, 2019, 08.54 AM IST

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Independent analyst Kunal Bothra has a buy call on Axis Bank Ltd. with a target price of Rs 766. The current market price of Axis Bank Ltd. is Rs 733.6. Time period given by the analyst is Intra

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Aurobindo Pharma Q2 profit rises 5% to Rs 640 crore

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Buzzing stocks: Vodafone Idea, YES Bank, Dish TV, BHEL
NEW DELHI: Vodafone Idea with over 4.79 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of YES Bank (number of shares traded: 4.31 crore) , Dish TV India (number of shares traded: 0.47 crore) , BHEL (number of shares traded: 0.39 crore) , Indiabulls Housing Finance (number of shares traded: 0.33

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Asian shares slide on trade disappointment, HK unrest
TOKYO: Asian stocks and Wall Street futures fell on Wednesday, as growing worries that U.S.-China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.01% to the lowest in more than a week. Hong Kong shares slumped 1.8% to a

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By Rich Miller and Christopher CondonFederal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of action through 2020.

Surprisingly, that would be an historic anomaly for a U.S. presidential election year. Rather than keeping its head down, the Fed has

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Share market update: Venky's, Just Dial among top losers on BSE

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Buy BHEL, target Rs 62: Kunal Bothra
Independent analyst Kunal Bothra has a buy on Bharat Heavy Electricals Ltd. with a target price of Rs 62. The current market price of Bharat Heavy Electricals Ltd. is Rs 56.8. Time period given by the analyst is Intra Day when Bharat Heavy Electricals Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 53.

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FOMO grows as investors scurry to catch stock rally
By Ksenia GalouchkoAfter sitting on the sidelines for most of the year, investors are now rushing to the equity market, afraid of missing out on the brisk rally amid increased optimism about global growth, according to a survey of fund managers by Bank of America Corp.

Expectations for a worldwide economic recovery surged by a record amount at the

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