StockMarket

HUL Q2 profit jumps 21% YoY to Rs 1,848 crore; Rs 11 per share dividend announced
NEW DELHI: Hindustan Unilever on Monday posted a 21 per cent year-on-year (YoY) rise in net profit at Rs 1,848 crore after incorporating the reduction in corporate tax rate. Excluding corporate tax rate benefit, the profit figure came in at Rs 1,832 crore, up 20 per cent.

The numbers beat an ET Now poll estimate of Rs 1,700 crore by a wide margin.

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China stocks rise over 1% on trade war truce, but concerns over deal durability
China's key benchmarks rose more than 1 per cent on Monday, led by tech and financial shares as investors cheered signs of progress in the Sino-US trade talks, although doubts over a durable deal between the two economic powerhouses and China's economic health capped the upside.

The blue-chip CSI300 index gained 1.1 per cent to 3,911.73 points,

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Stock market update: Private banks soar; RBL Bank jumps 3%
NEW DELHI: Shares of private banks were trading with gains in Monday's morning session.

Shares of RBL Bank (up 2.68 per cent), IndusInd Bank (up 2.04 per cent), IDFC First Bank (up 0.93 per cent), HDFC Bank (up 0.86 per cent) and Federal Bank (up 0.71 per cent) gained up to 3 per cent.

YES Bank (up 0.63 per cent), Axis Bank (up 0.60 per cent), DCB

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Wipro Q3 preview: Profit may fall QoQ, Q3 revenue guidance seen at 1-3%
NEW DELHI: Wipro may report a tepid set of numbers for September quarter on Tuesday.

Analysts tracking the IT major have estimated a 3-4 per cent drop in sequential profit due to lower other income. They see revenue rising 1-2 per cent QoQ in constant currency (CC) terms, much in line with the company’s 0-2 per cent revenue guidance for the q

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22 lakh IRCTC shares traded in first 20 mins; stock rallies 115%
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) saw bumper listing on the bourses, as they climbed as much as 115 per cent on the first day of trade.

At 10.30 hours, the stock traded at Rs 684.80 against the issue price Rs 320.

The company entered the midcap segment as soon as it listed, as the market-cap rose to around Rs 11,000

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IRCTC climbs 101% over issue price on market debut
NEW DELHI: Shares of IRCTC made a strong debut on Monday, as they got listed at Rs 644, a 101.25 premium over issue price of Rs 320.At 10.54 am, the issue was trading 114.41 per cent higher at Rs 686.10. A strong listing was a given as the stock was quoting at a premium of Rs 220-227 per share in the grey market last week, thanks to 112 times
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Moody's cuts Indiabulls Housing to B2; outlook remains negative
Mumbai: Moody's Investors Service on Monday downgraded the corporate family rating (CFR) and the foreign-currency senior secured rating of Indiabulls Housing Finance (Indiabulls) to B2 from Ba2, citing funding challenges for the company. The outlook on all ratings, where applicable, remains negative, it said.

The ratings agency also downgraded

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Check out what Jhunjhunwala, Dolly Khanna, Kacholia sold in Sept quarter
NEW DELHI: Big Bull Rakesh Jhunjhunwala and value investors Ashish Kacholia and Dolly Khanna sold a number of stocks all through September quarter, as it proved to be testing times for investors in domestic equities.

Jhunjhunwala was seen trimming stakes in four of his portfolio companies. He, along with his better half Rekha, cut stake in Titan

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FM to meet PSU bank chiefs today for review
The Reserve Bank of India (RBI) has called a meeting of all state-run bank chiefs on October 15, a day after finance minister Nirmala Sitharaman is set to meet them to take stock of credit growth in the economy. The RBI top brass is set to discuss slowing credit growth, ongoing issues with non-bank finance companies, and faster policy rate
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PSU IPOs not for the long haul. Is IRCTC a breed apart?
If you are still undecided what to do with your IRCTC shares, here is cue.

No matter how good or bad the listing performance, PSUs have a record of a faltering post listing. Of the 17 central public sector enterprises that came out with their initial public offering (IPO) in last 10 years, 13 have given negative returns since their listing.

Indian

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Brokerages say Infosys Q2 meets expectations, maintain their calls
Shares of Infosys fell over 3 per cent in Monday’s trade following its September quarter results, as brokerages expect upside on the stock, if any, will be limited.

Foreign brokerage Citi maintained its ‘buy’ call on the stock with a target at Rs 900. The brokerage said that recent returns in the stock may cap near term upside.

Citi said the stock

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Share market update: Auto shares in the green; Tata Motors up 4%
NEW DELHI: Auto shares were trading in the green in Monday's morning session.

Shares of Tata Motors (up 4.20 per cent), Bharat Forge (up 1.81 per cent) , Bajaj Auto (up 1.58 per cent) and Motherson Sumi Systems (up 1.46 per cent) were trading higher.

MRF (up 1.01 per cent) , Apollo Tyres (up 0.90 per cent) , Bosch (up 0.87 per cent) and Exide

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ONGC free to sell stake in HPCL: Dharmendra Pradhan
NEW DELHI: Amid reports of ONGC's inability to derive any benefit out of its HPCL acquisition, Oil Minister Dharmendra Pradhan on Monday said the state-owned firm was free to sell its stake in the oil refining and marketing company.

In its most expensive acquisition ever, Oil and Natural Gas Corp (ONGC) last year paid Rs 36,915 crore to buy

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In a major boost for New Delhi’s long-term objective of making toll payments at highway plazas cashless and hassle-free, latest data sourced by ET reveals that over a third of all toll payments made at highway booths during September was electronically activated through radio frequency identification stickers, commonly known as FASTag.

Introduced

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IRCTC to make stock market debut on Monday
New Delhi: Indian Railway Catering and Tourism Corporation (IRCTC), which recently concluded its Rs 645-crore initial public offering, will make its stock market debut on Monday.

The shares will be listed on the BSE and the National Stock Exchange (NSE).

"Effective from Monday, October 14, 2019, the equity shares of IRCTC Ltd shall be listed and

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Ind-Ra revises outlook for road sector for FY'20
New Delhi: Rating agency Ind-Ra has revised the outlook for road sector to stable-to-negative from stable for the remaining part of 2019-20 fiscal due to subdued funding climate, economic growth-led deceleration in traffic volumes and uncertainty on the bidding model.

The weakening of financing sentiment and a sharp rise in land acquisition costs

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Stock market update: IT shares mixed; Infosys slips 3%
NEW DELHI: IT shares were trading on a mixed note in Monday's morning session.

Shares of Wipro (up 1.73 per cent), Tata Elxsi (up 1.42 per cent), HCL Technologies (up 0.90 per cent) and Tata Consultancy Services (up 0.86 per cent) were trading in the green.

Infosys (down 2.84 per cent), Infibeam Avenues (down 0.63 per cent), NIIT Technologies

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Inflation data, Q2 results may keep equities jittery
Mumbai: Macro-economic inflation data along with the second quarter financial results are expected to turn the Indian equity markets volatile during the coming week.

The Indian rupee's movement against the US dollar in the backdrop of Brexit and impact of rising geo-political tensions in the Middle East and its effect on crude oil prices may also

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Share market update: Fertilizer stocks up; Khaitan Chemicals jumps 4%
NEW DELHI: Most fertilizer stocks were trading in the green in Monday's afternoon session.

Shares of Khaitan Chemicals - Fertilizers (up 4.56 per cent), Rashtriya Chemicals - Fertilizers (up 3.55 per cent), Aries Agro (up 3.52 per cent), Basant Agro Tech (India) (up 3.32 per cent) and Zuari Agro (up 2.53 per cent) were among the top

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Stock market update: Cement share advance; Dalmia Bharat rises 4%
NEW DELHI: Most of the cement stocks were trading with gains in Monday's morning session.

Shares of Dalmia Bharat (up 3.87 per cent), Andhra Cements (up 3.77 per cent), Star Cement (up 2.12 per cent), NCL Industries (up 2.05 per cent), ACC (up 1.66 per cent), Deccan Cements (up 1.66 per cent) and Birla Corporation (up 1.62 per cent) were among the

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By Abhishek Vishnoi, Ishika Mookerjee and Suvashree Ghosh

All around HDFC Bank, India’s biggest lender by market value, the news seems to be bad and getting worse: economic growth is slowing, loan losses are rising and shadow banks are mired in crisis.

And yet investors keep piling into HDFC Bank’s stock, convinced it will emerge a winner from I

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Tweet Buster: Sanjay Bakshitip to woo market; Anand disputes bhav bhagwan che
NEW DELHI: Despite waves of bad news hitting Dalal Street in the form of economic worries, trade tensions and weak earnings, domestic equity indices still managed to end the truncated week on a firm footing.

And now with signs of the US-China trade war ebbing, top market honchos are seeing strong moves in the days ahead.

Value investor Safir Anand

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Stock market update: Realty shares advance; Indiabulls Real Estate jumps 5%
NEW DELHI: Realty shares were trading with gains in Monday's morning session.

Shares of Indiabulls Real Estate (up 4.95 per cent) , DLF (up 3.09 per cent) , Sunteck Realty (up 2.94 per cent) and Godrej Properties (up 2.32 per cent) were the top performers in the index.

Prestige Estates Projects (up 1.82 per cent) , Sobha (up 1.17 per cent) and

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Eight of top 10 firms add Rs 80,943 crore in m-cap; RIL leads
New Delhi: Eight of the 10 most valued domestic companies together added Rs 80,943.32 crore in market capitalisation last week, with RIL taking the pole position.

Only Tata Consultancy Services (TCS) and ITC from the top-10 pack suffered losses in their market capitalisation (m-cap) for the week ended Friday.

The m-cap of Reliance Industries Ltd

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Before IRCTC, 10 IPOs had such big-bang listings; some turned penny stocks since
All that glitters is not gold!

Before IRCTC, which on Monday listed at over 100 per cent premium, there were 10 IPOs in the history of Indian equity market to command such premium at listing.

Unfortunately, some of them have since turned penny stocks.

Tantia Constructions, which debuted on the bourses in 2006, listed at a 260 per cent premium at

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Stock market update: Sugar stocks surge; Magadh Sugar leaps 4%
NEW DELHI: Shares of sugar producers were in the green in Monday's morning trade.

Shares of Magadh Sugar (up 3.85 per cent), Balrampur Chini Mills (up 3.04 per cent), KM Sugar Mills (up 2.48 per cent), Avadh Sugar (up 2.18 per cent) and Dalmia Bharat Sugar - Industries (up 2.06 per cent) jumped up to 4 per cent.

Triveni Engineering -

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The week that was in 10 stocks: DHFL, LVB take big hit; 6 BSE500 stocks hit new highs
Benchmark equity indices Sensex and Nifty ended the truncated week on a positive note following Union Finance Minister Nirmala Sitharaman's statement that the government has been offering sector-specific solutions to fight the economic slowdown and amid signs of easing of the trade war between the US and China.

The 30-share Sensex advanced 1.20

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European stocks slip as China data, Brexit worries counter trade optimism
European shares opened lower on Monday, as optimism on the progress made in the Sino-US trade talks was offset by growth fears following weak data from Beijing and fresh Brexit uncertainty.

The pan-European STOXX 600 was down 0.7 per cent at 7:12 GMT after recording its best session since January on hopes of a trade deal and a Brexit agreement.

Lat

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Share market update: Nifty Pharma index up; Sun Pharma gains 2%
NEW DELHI: Pharma shares were trading higher in Monday's morning session with their sectoral index trading up.

Shares of Sun Pharmaceutical Industries (up 1.97 per cent) , Divi's Laboratories (up 1.42 per cent) and Piramal Enterprises (up 0.90 per cent) were trading with gains.

Aurobindo Pharma (up 0.82 per cent) , Dr. Reddy's Laboratories (up

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US-China trade truce, macro data, Q2 numbers among key factors steering D-Street next week
Domestic equities ended the week gone by with over 1 per cent gains amid strong volatility, which led both Sensex and Nifty to finish above their crucially important 38,100 and 11,300 levels, respectively.

IT bellwether TCS and Infosys posted September quarter earnings more or less in-line with expectations.

“While the Street has built in the s

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