StockMarket

RBI revamps units for effective supervision, regulation of fin sector
Mumbai: The Reserve Bank of India (RBI) reorganised its regulatory and supervisory departments as a part of its initiative to have a holistic approach towards supervision and regulation amidst growing complexities and interconnectedness in the financial system.

With a view to having a holistic approach to supervision and regulation of the

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Realtors see 15-25% rise in sales during Diwali
New Delhi: The festive season has brought some cheer back to real estate developers, who said they have seen 15-25 per cent increase in sales during Diwali. According to the Confederation of Real Estate Developers' Association of India (Credai), lot of projects were nearing completion and these attracted buyers.

“I would say there was an increase o

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RBI reorganises supervision regulatory departments
Reserve Bank of India reorganised its regulatory and supervisory departments as a part of its initiative to have a holistic approach towards supervision and regulation amidst growing complexities and inter connectedness in the financial system.

With a view to having a holistic approach to supervision and regulation of the regulated entities so as

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Mumbai: It’s been over three years since the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, or the Prevention of Sexual Harassment (PoSH) Act, kicked in. And a large number of BSE 500 companies — 210 to be exact (42 per cent of the total) — have declared in their annual reports that they received zero compl
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US jobs data, trade progress boost S P, Nasdaq to record highs
New York: US stocks climbed on Friday as the S-P hit an intraday record for the fourth time this week after an upbeat US jobs report and data on Chinese manufacturing lessened concerns about slowing global growth.

Job growth slowed less than forecast in October, as a drag from a strike at General Motors was made up for in other areas of the

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Tech View: Bulls exhausted? Dojis Hanging Man signalling pause ahead
NEW DELHI: Nifty50 extended its rally into the sixth straight session on Friday, but the NSE barometer missed the 11,900-mark on a closing basis by a whisker.

The bulls looked completely exhaustive, as indicated by back-to-back Doji formation on the daily charts for two consecutive sessions. The index also formed a ‘Hanging Man’ pattern on Wed

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China wins WTO case to sanction $3.6 billion in US trade
By Brendan Murray and Shawn Donnan

China secured the World Trade Organization’s go-ahead to impose $3.6 billion in sanctions against the US , in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks.

The damages awarded, in a document released Friday on the Geneva-based

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Bank of India posts Rs 266-cr Q2 profit as provisions fall
Mumbai: State-run lender Bank of India reported a net profit of Rs 266.3 crore for the quarter ended September 30, on the back of fall in provisions. It had reported a loss of Rs 1156 crore during the same period last year.

The net-interest income (NII), or the core income from operations, rose to Rs 3,860 crore versus Rs 2,927 crore during the

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F O: Bulls holding a tight grip on market; major support at 11,780
By Chandan TapariaNifty50 consolidated for most part of Friday’s session, as it traded in a narrow range of 70 points. The index formed a Doji candle on the daily chart and a Bullish candle on the weekly scale, which indicated that the major trend is positive while dips are being bought into on an immediate basis.

Nifty has been forming higher

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Saudi Crown Prince approves announcement of Aramco IPO on Sunday
Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.

The world's top oil company will announce its intention to float (ITF) on November 3, the sources added.

"The crown prince finally gave the

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Jyothy Lab promoters offload 4% stake to lower pledges
Mumbai: Promoters of Jyothy Laboratories sold a 4% stake in the company on Friday that would help them reduce the pledge of shares, even as the maker of Ujala fabric whitener is seeking to become debt-free by March 2021. However, with weak results for the September quarter, low return on equities compared with peers and weak presence in
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Sensex rises for 6th day, Nifty ends just shy of 11,900
NEW DELHI: Extending their winning streak for the sixth-straight session, equity benchmarks Sensex and Nifty ended marginally higher on Friday supported by metal, telecom and banking stocks.

The markets remained volatile throughout the day as speculators cheered positive Chinese macro data and a strong set of key corporate earnings which raised

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By Jeremy Herron and Claire Ballentine

It’s old, but it’s not slowing down.

A bull market that traces its lineage to the depths of the financial crisis is revving up again, notching its fourth straight weekly gain and pushing its advance in 2019 past 22 per cent . After wavering at mid-year amid a US-China trade war and recession anxieties,

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YES Bank reports Rs 600-crore Q2 loss on one-time tax hit
Mumbai: YES Bank swung to a loss in the second quarter ended September 30 due to higher provisions, lower other income and a one-time hit from remeasurement of deferred tax assets with the bank moving to a lower 25% tax rate.

The bank reported a loss of Rs 600 crore compared with a Rs 965-crore profit in the same quarter a year ago. Excluding the

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ETMarkets Global Summit on Nov 22 to draw strategies for D-Streetnext bull run
Have ideas? Will make money! Have none, join ETMGS 2019.

As Dalal Street shows clear signs of bouncing back after a prolonged slump, the market is witnessing a lot of rotation across sectors and stocks. New winners would emerge as money rotates across ideas and the indices scale newer heights.

Hunt for new winners and newer ideas will be the

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Survival of the fittest: Stockbroking industry growing through challenges
By DK Aggarwal

The crisis that Indian capital markets faced in 2009 was more of a borrowed recession, in the sense, the subprime crisis in the US snowballed and jolted India – along with much of global markets –through financial, trade and confidence channels.

Domestic demand was not a major worry in those times. In comparison, the slowdown India

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By Katherine ChiginskyBill Ackman piled in. David Rolfe exited.

Berkshire Hathaway Inc.’s rotation of investors over the past few months points to the question lingering over the conglomerate as it heads for its worst annual underperformance since 2009: Is it worth waiting for Warren Buffett to make a dent in his record $122 billion cash pile?

Ackm

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JSW Energy profit up 12% at Rs 353 crore in Q2
New Delhi: JSW Energy on Friday posted about 12 per cent rise in consolidated net profit at Rs 353 crore for the September quarter of this fiscal mainly due to lower fuel and finance cost.

The company had reported a profit of Rs 316 crore in the year-ago period, a BSE filing said.

The profit in April-September also rose to Rs 597.36 crore from Rs

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In a truncated week, beginning from the short Muhurat session, the stock market ushered in the New Vikram Samvat on a buoyant note. In the previous weekly note, it was mentioned that Nifty’s behaviour against the price zone at 11,700-11,750 would be crucial to watch, and a new move would depend upon the index moving past these levels.

Nifty

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Sebi exonerates NSE's former CTO, 2 others in co-location case
New Delhi: Markets regulator Sebi has exonerated NSE's former chief technical officer Umesh Jain and two directors of Way2Wealth Brokers in the exchange's co-location case.

C K Nithyanand and B G Srinath were non-executive directors of Way2Wealth at the time of violation.

The order comes after the Securities and Exchange Board of India (Sebi)

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SBI expects return on assets to hit 4-year high this fiscal
State Bank of India's return on assets may hit a four-year high this fiscal year on the back of improving interest income, driven by higher net interest margins and stable asset quality, the country’s largest bank told analysts, triggering a surge in its stock on Thursday. In its post results meeting with analysts on Wednesday, the SBI management
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The domestic equity market witnessed a sudden bout of optimism during the week gone by, as hopes of tax relaxation on equities cheered the Street. Investors ramped up stock buying but this indeed poses a risk in the short term, as such tax reductions are unlikely to happen immediately. Even if they do happen, it will be in the Union Budget for
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YES Bank posts second-biggest quarterly loss; key Q2 takeaways
YES Bank missed Street estimates on Friday and posted its second-biggest quarterly loss on deferred tax asset (DTA) impact.

The private lender reported a loss of Rs 600.08 crore for the September quarter due to a one-off DTA adjustment of Rs 709 crore on account of change in corporate tax rate regime.

Net interest income (NII) came in at Rs 2,186

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Learning from creative people at work: Purposeful inquiry as core to investing
Twenty years ago, 12 American academics published a collection of studies tracing the intellectual development of giants like Einstein, Darwin, Faraday, Lavoisier, Beethoven and Wordsworth. This intense study of creative people yields rich learnings. At the core of creativity is a heavy duty memory, a multiplicity of projects, stimulating company
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By Andy Mukherjee

The finance industry is in turmoil. Tax collections have hit stall speed. India’s credit and fiscal crises are joined at the hip.

Consider the $13 billion in past fees that the government is asking from telecom operators. It’s a desperate attempt to squeeze money from an industry in which most players have already vanished or gone

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NEW DELHI: Private lender YES Bank on Friday reported a loss of Rs 600.08 crore for the September quarter due to a one-off DTA adjustment of Rs 709 crore on account of change in corporate tax rate regime. Excluding this one-time hit, adjusted profit was Rs 109 crore.

The lender had posted Rs 964.70 crore profit in the corresponding quarter last

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Vodafone Idea shares rally 14% as co dismisses reports on plans to exit India
Shares of Vodafone Idea rallied 14 per cent in the morning trade on Friday after the UK’s Vodafone Group dismissed reports claiming it plans to exit India.

The scrip traded 9.77 per cent up at Rs 4.27 at around 10.10 am, while the benchmark BSE Sensex was up 43 points, or 0.11 per cent, at 40,172 at around the same time.

“Vodafone is aware of the u

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Three banks report NPA divergence a day after Sebi directive
A day after market regulator Sebi put in place tighter disclosure norms, Lakshmi Vilas Bank and two other lenders on Friday reported divergence in their bad loans for the last fiscal ended March 2019.

Sebi on Thursday had directed all listed banks to disclose any divergence in bad loan provisioning within 24 hours of receiving RBI's risk

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After Market: Voda Idea, Maruti jump; YES Bank slides, IT stocks lose weight
Vodafone Idea jumped over 10 per cent in Friday’s trade after the UK-based parent firm denied any plan to leave India. Maruti Suzuki edged up on higher sales during the a festive month.

YES Bank dived 5 per cent ahead of its Q2 earnings scheduled for release later in the day. IndianOil, which disappointed the Street on Thursday, continued to fall.

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Share market update: 26 stocks hit 52-week highs on NSE
NEW DELHI: Around 26 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 Transmission, Adhunik Industries, Bajaj Auto, BF Utilities, Cochin Shipyard, Indraprastha Gas, Laurus Labs, Orient Electric, Pfizer, Tata Global Beverages and Spandana Sphoorty Financial.

Benchmark

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