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The stock market continued its anaemic rally on expectation of a cut in the securities transaction tax, but later rejoiced the announcement of a relief package from the Finance Minister for the long forgotten real estate sector. The rhetoric in the market seems positive and sentiments look bullish, which was fuelled time and again by the
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Nestle India Q3 profit jumps 33% to Rs 595 crore
New Delhi: FMCG major Nestle India on Friday reported 33.46 per cent rise in net profit at Rs 595.41 crore for the third quarter ended September 2019, on higher domestic sales growth and lower tax outgo.

The company, which follows January-December as financial year, had posted a profit of Rs 446.11 crore in the year-ago period.

Net sales were up

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Share market update: PSU bank shares fall; Canara Bank dips 2%
NEW DELHI: Shares of PSU banks were trading in the negative zone in Friday's morning session.

Shares of Syndicate Bank (down 2.05 per cent) , Canara Bank (down 1.88 per cent) , Oriental Bank of Commerce (down 1.40 per cent) and Union Bank of India (down 1.34 per cent) were the top losers in the index.

Central Bank of India (down 1.21 per cent) ,

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WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value
NEW YORK: WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87 per cent.

In a proposed class action filed this week in San Francisco Superior Court, former

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Tata Comm Q2 profit zooms to Rs 54 crore
New Delhi: Digital infrastructure provider Tata Communications on Friday posted manifold growth in its net profit to Rs 53.91 crore for the September 2019 quarter.

This is against a net profit of Rs 1.65 crore in the July-September 2018 period, a statement said.

The company's revenue increased 5 per cent to Rs 4,272.76 crore in the quarter under

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Share market update: FMCG shares trade lower; Tata Global dips 2%
NEW DELHI: FMCG shares were trading lower in Friday's morning session.

Shares of Tata Global Beverages (down 2.13 per cent) , ITC (down 2.11 per cent) , GlaxoSmithKline Consumer Healthcare (down 1.90 per cent) and Hindustan Unilever (down 1.70 per cent) were the top losers in the index.

United Spirits (down 1.50 per cent) , Godrej Consumer

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NY Fed's Williams says economy is in a good place, monetary policy well positioned

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Airtel, Vodafone Idea to announce Q2 results on Nov 14
New Delhi: Incumbent telecom operators Bharti Airtel and Vodafone Idea, which have been hit the hardest by the latest SC ruling on definition of telecom revenue, are scheduled to announce their financial results on November 14.

"notice is hereby given that the meeting of Board of Directors of the company will be held on Thursday, November 14,

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Share market update: Metal shares decline; NMDC down 2%
NEW DELHI: Metal shares were trading with losses in Friday's morning session.

Shares of NMDC (down 2.23 per cent) , Jindal Steel - Power (down 1.85 per cent) , Steel Authority of India (SAIL) (down 1.75 per cent) and Hindustan Copper (down 1.57 per cent) were the top losers in the index.

Tata Steel (down 1.27 per cent) , JSW Steel (down 0.89

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Brickwork ratings downgrades Vodafone Idea NCD
New Delhi: Vodafone Idea Ltd on Friday said Brickwork Ratings has downgraded the firm's rating on non-convertible debentures (NCDs) citing recent court ruling on adjusted gross revenue and extension of timeline with regard to the sale of stake in Indus Tower to Bharti Infratel.

The rating agency has downgraded Vodafone Idea Ltd (VIL) from 'A+'

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Trump says US hasn't agreed to full tariff rollback with China
By Mario Parker and Josh Wingrove

President Donald Trump said that the U.S. hasn’t agreed to roll back all tariffs on China, diluting hopes the U.S. would make such a concession to secure a trade deal.

“They’d like to have a rollback, I haven’t agreed to anything,” Trump told reporters Friday. “China would like to get somewhat of a rollback -- not a

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Share market update: 28 stocks hit 52-week highs on NSE
NEW DELHI: Around 28 stocks rose to touch their 52-week highs on NSE in Friday's session.

Among the stocks that touched their 52-week highs were Adani Enterprises, Adani Transmission, Agro Phos India, Amrutanjan Health Care, Bajaj Holdings, Brigade Enterprises, ICICI Bank, Indraprastha Gas, JSW Energy, Jubilant Foodworks and Polycab India.

Benchma

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By Claire Ballentine and Vildana HajricBitcoin’s push back below $9,000 has a key technical indicator suggesting the cryptocurrency risks entering a selling trend.

The GTI Vera Convergence Divergence Indicator shows a narrowing gap between the signal and vera lines, which suggests a trend change may be on the horizon. If this occurs, the largest

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Raymond surges 20% on plans to demerge core lifestyle business
Textile-focused conglomerate Raymond on Friday surged after the company announced the demerger of its core lifestyle business and also its listing as a separate entity.

The move will create two separate companies — the new one housing the core branded textile, branded apparel and garmenting businesses and the existing housing its new real estate p

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Stock market update: IT shares mixed; TCS dips 1%
NEW DELHI: IT shares were trading on a mixed note in Friday's morning session.

Shares of Tata Elxsi (up 2.37 per cent) , HCL Technologies (up 0.69 per cent) , Oracle Financial Services Software (up 0.63 per cent) and Tech Mahindra (up 0.40 per cent) were trading higher.

Tata Consultancy Services (down 0.94 per cent) , MindTree (down 0.73 per cent)

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SAT lifts Sebi ban on ex-Gammon head
New Delhi: The Securities Appellate Tribunal (SAT) has overturned a Sebi order banning former Gammon India chairman Abhijit Rajan from trading in shares for alleged insider trading.

The stock market regulator had found Rajan to have been guilty of trading in shares on the basis of unpublished price-sensitive information six years ago.

The

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Top intraday trading ideas for afternoon trade on Friday, November 8, 2019

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NEW DELHI: Global index compiler Morgan Stanley Capital International (MSCI) announced changes to MSCI India index last night wherein it added eight stocks in the index, while decided to delete as many as six counters.

MSCI added Berger Paints India, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas, Info Edge (India), SBI Life

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Mutual fund assets surge on higher flows into liquid schemes
Mumbai: Assets under management of the Indian mutual fund industry surged by Rs 1.33 lakh crore or 7.4 per cent on a monthly basis to touch a record Rs 26.33 lakh crore in October this year, aided primarily by inflows of Rs 93,202 crore in liquid funds. Retail investors continued to invest through the SIP route, pouring in Rs 8,245 crore compared
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Share market update: Telecom shares dip; Optiemus Infracom slips 5%
NEW DELHI: Telecom shares were trading lower in Friday's morning session.

Shares of Optiemus Infracom (down 4.99 per cent) , GTL Infrastructure (down 4.76 per cent) , Bharti Infratel (down 3.79 per cent) and OnMobile Global (down 2.98 per cent) were the top losers in the index.

Vodafone Idea (down 2.55 per cent) , Tejas Networks (down 1.54 per

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Stock market update: Realty shares gain; DLF jumps 6%
NEW DELHI: Realty shares were trading in the positive zone in Friday's morning session.

Shares of DLF (up 6 per cent) , Indiabulls Real Estate (up 4.99 per cent) , Brigade Enterprises (up 3.55 per cent) and Phoenix Mills (up 2.68 per cent) were the top performers in the index.

Sobha (up 2.24 per cent) , Oberoi Realty (up 0.27 per cent) , Prestige

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Kolkata: Moody's Investors Service on Friday downgraded its rating outlook to ‘negative’ from ‘stable’ for a number of leading Indian financiers and utilities, such as State Bank of India, HDFC Bank and NTPC, after having lowered the sovereign rating.

The global rating firm cited the close links of these companies with the government as the reason

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Share market update: Power shares slip; BHEL down 2%
NEW DELHI: The BSE Power index was down in Friday's morning session.

Shares of Bharat Heavy Electricals (down 1.98 per cent) , ABB India (down 1.73 per cent) , Adani Transmission (down 1.67 per cent) and Power Grid Corporation of India (down 1.29 per cent) were trading in the losses.

JSW Energy (down 1.21 per cent) , NTPC (down 1.13 per cent) ,

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Stock market update: Cement stocks edge higher; Shiva Cement zooms 5%
NEW DELHI: Most of the cement stocks were trading with gains in Friday's morning session.

Shares of Shiva Cement (up 5.00 per cent), Andhra Cements (up 3.20 per cent), Shree Digvijay Cement Co (up 2.12 per cent), Prism Johnson (up 1.09 per cent), The Ramco Cements (up 0.84 per cent), India Cements (up 0.82 per cent), Orient Cement (up 0.81 per

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Mumbai: Indian stock indices ended down by nearly 1 per cent on Friday in a late sell-off after ratings agency Moody's Investors Service unexpectedly lowered its ratings outlook on the country to ‘negative’ from ‘stable’.

Moody's said there were increasing risks that economic growth will remain materially lower than the past. This cut in ratings

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

Shares of Hindustan Petroleum Corporation (down 2.34 per cent) , Castrol India (down 2.26 per cent) , GAIL (India) (down 2.12 per cent) and Bharat Petroleum Corporation (down 1.52 per cent) were the worst performers in the index.

Indian Oil

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Tata Steel drops over 3% post Q2 results
Investors on Dalal Street gave thumbs down to Tata Steel’s second-quarter result. The firm on Wednesday reported a 5.90 per cent year-on-year (YoY) rise in net profit despite a fall in top line. The profit figure stood at Rs 3302.31 crore in Q2FY20.

One-time huge tax gain of Rs 4,233 crore mainly aided the net profit of the company in the

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Wall Street treads water as trade-fuelled rally pauses
Wall Street halted a record run on Friday as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.

The S-P 500 and Dow Jones indexes had closed at all-time highs on Thursday after officials said both countries had agreed to roll back tariffs on each others' goods in a "phase one"

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Ridiculous! Analysts, economists junk MoodyIndia ‘downgrade&
NEW DELHI: India’s benchmark equity indices on Friday did not react to the change in Moody's India outlook to ‘negative’ from ‘stable’. Analysts said market participants felt the economy has hit the bottom already and that is in the price.

Economists, though, believe the economic recovery process could take more time than initially thought.

Moody’s

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Share market update: Bank shares slip; PNB down over 2%
NEW DELHI: Bank shares were trading in the negative zone in Thursday's morning session.

Shares of Punjab National Bank (down 2.18 per cent) , YES Bank (down 1.75 per cent) , Bank of Baroda (down 1.21 per cent) and Federal Bank (down 0.83 per cent) were the top losers in the index.

Kotak Mahindra Bank (down 0.63 per cent) , ICICI Bank (down 0.61

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