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L T, Voltas, HCL Tech among 12 money-making ideas that can deliver good gains in the short term
Mumbai: Equity benchmark Sensex and Nifty rose 3.07 per cent and 3.20 per cent, respectively, last week and posted their best weekly performance since May 26, buoyed by gains in global markets an hopes of progress in the US-China trade talks and a possible deal on Brexit. Financials led the gains in the last week.

Indian markets are closed on

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Negative rates: central bankers look for an exit
The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own.

In an ideal world, elected officials would pull more of the weight with fiscal programmes and structural reforms

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HDFC Bank Q2 preview: Profit may jump 20%, NIM seen at 4.3%
HDFC Bank, India’s most most-valued lender, us likely to report over 20-per cent rise in September quarter profit on Saturday.

PhillipCapital expects the private lender to report net profit at Rs 6,234.5 crore, up 24.5 per cent YoY. It sees a 12 per cent growth in profit sequentially.

Net interest income (NII) is seen at Rs 13,410.8 crore, up 14

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Brave new world: Peak pessimism in India; gold, silver miners never looked so appealing

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NBFCs bond with world, Muthoot Finance eyes $450 million
Gold loan company Muthoot Finance is set to raise about $450 million in its maiden bond sale in the overseas market, reinforcing the fact that capital-starved non-banking finance companies are increasingly tapping global investors.

The bonds will be sold to global investors including those from the US, what is known as 144A in market parlance,

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The domestic equity market witnessed buying by FPIs and DIIs during the week gone by on improved sentiments and improving prospects for the economy. FPIs have initiated buying equities aggressively and covered their short positions, which has relieved Mr Market and cleared a major overhang.

Therefore, new highs are expected sooner than earlier

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Axis Q2 earnings: One-off DTA adjustment, NPA rise to hit profit
NEW DELHI: Axis Bank is expected to report a steep drop in net profit for September quarter, hurt by one-off DTA (deferred tax assets) adjustment.

Investors would be keenly eyeing the stressed asset pool besides margin outlook, post linking of fresh retail loans to external benchmarks.

Brokerage Edelweiss Securities estimates net profit to come in

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Asian share markets cautious, pound stumbles on Brexit drama
TOKYO: Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union.

MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3 per cent. Japan's Nikkei rose 0.13 per cent.

The Brexit ma

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L T to buy old lane-s 2.55% stake in subsidiary for -#8377;48 crore

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ET Intelligence Group: The stock of TVS Motor Company is likely to see limited upside in the medium term, as the country’s leading two-wheeler maker has a rich valuation and it is expected to see a recovery in domestic sales later than projected.

The volume outlook has got bleaker after the company’s commentary following the second-quarter results

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Indian IT services providers are unlikely to be negatively impacted by Britain’s decision to leave the European Union, commonly referred to as Brexit, as they are seeing steady growth in the UK and European markets.

“It is unlikely to have a negative impact on Indian tech because the UK will want to create new partnerships,” said Sangeeta Gupta, se

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L T Fin net falls 69% on new tax rules
L-T Finance Holdings reported a 69 per cent fall in net profit in the second quarter due to impact of new corporate tax rules.

Profit declined to .₹174 crore in the three-months ended September from ₹560 crore a year ago. Earnings increased 15 per cent to .₹647 crore before the one-time tax impact.

The government reduced the corporate tax rate

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EU sick of Brexit, but likely to grant an extension
European Union chiefs are so fed up of Brexit that when they clinched a new divorce deal with Prime Minister Boris Johnson this week they did not want to entertain the need to delay Britain’s departure beyond Oct. 31.

But once Britain sends a letter to seek an extension for the divorce - as now seems likely after Johnson’s failure to get the a

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The initial share sales by the Indian Railway Catering and Tourism Corporation (IRCTC) brought an early Diwali to Dalal Street, with the monopoly railroad travel service provider's mid-October listing turning out to be the second best since 2005 and a closing debut eclipsing records dating back to a period before the subprime crisis.

In its

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Oil-to-telecom major Reliance Industries on Friday became the first Indian company to hit ₹9 lakh crore in market capitalisation. The company achieved this milestone ahead of its September quarter result, which was set to be announced after trading hours.

The stock ended up 1.4 per cent at ₹1415.30 after touching a record high of ₹1428. At close, t

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Kotak Life charges fixed income dealer for fraud
Mumbai: Kotak Life Insurance company, a subsidiary of Kotak Mahindra Bank, has charged Hemant Kolhe, one of its fixed income dealers, with fraudulent transactions that benefited him and a few companies but led to losses for the insurer after a whistle-blower raised an alarm.

The life insurer has reported the fraud to regulators and is pursuing

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HDFC Bankprovisions grow, but asset quality stable: Q2 takeaways
NEW DELHI: HDFC Bank has beaten analyst estimates for the September quarter. A 26.8 per cent year-on-year (YoY) rise in standalone net profit was higher than 20 per cent growth Street were anticipating.

The private lender’s profit rose to Rs 6,345 crore in the second quarter from 5,005.73 crore in the corresponding quarter last year. Analysts in a

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The week that was in 10 stocks: IRCTC's dream rally, Reliance's new feat, Tata Motors' Brexit cheer more
Festive mood gripped Dalal Street in the run-up to Diwali this past week, with benchmark indices rising over 3 per cent, as sentiment improved globally.

Rising for five of five sessions, the BSE benchmark Sensex added 1,171 points, or 3.07 per cent, for the week to 39,298.38. NSE barometer zipped past all its key moving averages to 11,661.85, up

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China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down
China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy.

The one-year Loan Prime Rate (LPR) remained at 4.20 per cent, steady from the previous monthly fixing. The five-year LPR was fixed at

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By Milan Vaishnav, CMT, MSTA

The domestic equity market had a strong week, and made a steady move on the upside to end the week with decent gains. In the week before, Nifty had defended its crucial support level at the 200-DMA on the daily charts and the 50-week MA on the weekly chart.

After successfully defending these levels, the market

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Hindalco gross profit may slip 48%

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MFs invest Rs 9,000 crore in REITs, InvITs during January-September
Emerging investment instruments — REITs and InvITs — seem to be finally catching on with investors as mutual funds have invested nearly ₹9,000 crore in such units in the first nine months of the year. Fund managers have infused ₹451 crore in real estate investment trusts (REITs) and ₹8,528 crore in infrastructure investment trusts (InvITs), accor
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NEW DELHI: HDFC Bank on Saturday reported a 26.8 per cent year-on-year (YoY) rise in standalone net profit at Rs 6,345 crore for the September quarter after providing Rs 2,652.40 crore for taxation.

The private lender had reported Rs 5,005.73 crore profit in the corresponding quarter last year. Analysts in an ET NOW poll had projected profit at

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Pledged share resolution key trigger for Zee stock
Brokerages see resolution of promoter pledge issues as the key trigger for Zee Entertainment Enterprises going ahead. Some of the brokerages have cut their target price on the stock after the second quarter result. Analysts were also concerned with continued spike in inventories and receivables leading to negative operating cash flow.

Zee

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BoJKuroda calls for mix of steps to boost growth
Bank of Japan Governor Haruhiko Kuroda said on Sunday a mix of monetary easing, flexible fiscal spending and structural reforms to raise the country's long-term growth potential could be effective in stimulating the economy.

Kuroda said BOJ will take steps to reduce the cost of prolonged monetary easing. "Financial system stability should be

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Former tax dept head KV Chowdary joins Reliance board
Former anti-corruption body head and the first tax department chief under the Modi government K V Chowdary has joined the board of India's most valuable company Reliance Industries as an independent director.

A 1978-batch Indian Revenue Service (IRS) officer, Chowdary was in August 2014 appointed as chairman of the Central Board of Direct Taxes

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Gautam Thapar may not be able to regain CG Power control
MUMBAI: Gautam Thapar’s efforts to wrest back control of his group company CG Power and Industrials by buying back pledged shares are likely to hit a wall.

Lenders including KKR and Yes Bank have converted the pledged shares into equity, making a share transfer impossible, said people with knowledge of the development.

Larsen - Toubro’s 10% s

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Goodbye Mario Draghi as Lagarde era nears for ECB

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By DK Aggarwal DK Unlike the popular perception, the growth in equity penetration in India has not really been very slow. Data for recent years shows things have changed quite a bit over the past few years.

Of course, we need to grow much faster when compared with other developed countries. In India, only 10% of the population has exposure to

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ET Intelligence Group: On Friday, the country’s most valuable company Reliance Industries (RIL) created a new valuation benchmark, vaulting past the Rs 9-lakh-crore market-cap barrier for the first time and also another record in superlatives: Of the highest quarterly net profit. Its performance is likely to stay robust if refining margins remain
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