RCap reduces outstanding commercial papers to Rs 75 crore
reliance capital: RCap reduces outstanding commercial papers to Rs 75 crore - The TheIndianSubcontinent

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The US 10-year yield slipped below 2 per cent after the US Federal Reserve Board scrapped its use of word “patient” in describing its approach to policy change. With this, the spread between India’s earnings yield, which is the inverse of the price-earnings multiple, and the US bond yield is now 3.35 per cent compared with the 10-year average of

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Stock market update: 343 stocks hit 52-week lows on NSE
NEW DELHI: Around 343 stocks fell to touch their 52-week lows on NSE in Thursday's session.

Among the stocks that touched their 52-week lows were Aban Offshore, Artemis Global Life, Amara Raja Batteries, Andhra Bank, Alembic Pharmaceuticals, Bayer Cropscience, Bosch, CEAT and Central Bank of India.

DHFL, Emami, GlaxoSmithKline Pharmaceuticals,

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MNCs, foreigner-backed stocks on dream run in times of defaults downgrades
NEW DELHI: Good image is fetching a premium in Indian stock market this season.

As Dalal Street struggles to separate the chaff from the grains amid widespread corporate governance issues and crippling rating downgrades at reputed corporate groups, MNC firms and some small foreign promoter-backed stocks are seeing an extended good run. A few of

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Sensex sheds 200 points, Nifty below 11,800 on spike in crude oil prices
NEW DELHI: The domestic market got off to a tepid start on Friday, tracking weak cues from Asian peers. A massive rise in global crude oil prices too dented investor confidence.

Asian stocks struggled on Friday to track Wall Street's exuberance amid anxiety over Sino-US trade negotiations. Also tempering appetite were fresh Middle East tensions,

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Blue Star shares climb 2% after bagging MMRC contract
NEW DELHI: Shares of Blue Star climbed 2 per cent and looked on course to extend their gains into the second consecutive session after the company bagged a contract worth Rs 253 crore from the Mumbai Metro Rail Corporation (MMRC).

Blue Star Wednesday said it has bagged a contract from MMRC for the tunnel ventilation system and environmental

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Sundaram Finance climbs 2% as firm looks to acquire BNP stake in two JVs
NEW DELHI: Shares of Sundaram Finance climbed over 2 per cent to Rs 1,569 in morning trade on Friday after it said it will acquire BNP Paribas' stake in their two joint ventures (JVs).

The non-banking finance company on Thursday said it has reached agreements with its partner BNP Paribas for acquiring stakes held by the latter in their two joint

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Apollo promoters can unpledge shares after insurance arm sale
Mumbai: The reduction in pledged shares will be the biggest positive for Apollo Hospitals Enterprise from the HDFC Group-Apollo Munich insurance deal, brokerages said, maintaining a positive stance on the stock.

High amount of promoter stake being pledged has been the key concerns surrounding the stock in recent months. The stock ended up 1.4 per

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Stock market update: Realty shares bullish; Indiabulls Real Estate jumps 4%
NEW DELHI: Realty shares were trading in the positive zone in Thursday's morning session.

Shares of Indiabulls Real Estate (up 4.29 per cent), DLF (up 1.59 per cent), Godrej Properties (up 1.34 per cent) and Sobha (up 0.91 per cent) were the top performers in the index.

Phoenix Mills (up 0.70 per cent), Brigade Enterprises (up 0.56 per cent),

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Share market update: Metal shares advance; Hindalco Industries up 1%
NEW DELHI: Most metal shares were trading with gains in Friday's morning session.

Shares of Hindalco Industries (up 1.57 per cent), Welspun Corp (up 1.31 per cent), National Aluminium Company (up 1.13 per cent) and NMDC (up 1.01 per cent) were the top gainers in the index.

APL Apollo Tubes (up 0.95 per cent), Vedanta (up 0.81 per cent), Coal

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Stock market update: IT shares slip; TCS, Infosys among top losers
NEW DELHI: IT shares were trading in the negative zone in Friday's morning session.

Shares of Oracle Financial Services Software (down 2.58 per cent), Tata Consultancy Services (down 0.61 per cent) and Infosys (down 0.52 per cent) were trading with losses.

NIIT Technologies (down 0.51 per cent), MindTree (down 0.43 per cent)and HCL Technologies

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Apollo Hospitals jumps 4% as co sells insurance biz for Rs 1,336 crore
NEW DELHI: Shares of Apollo Hospitals Enterprise jumped nearly 4 per cent after HDFC agreed to acquire its entire 50.8 per cent stake in Apollo Munich Health Insurance.

Mortgage major HDFC Wednesday agreed to acquire Apollo Hospitals Group's entire 50.8 per cent stake in Apollo Munich Health Insurance for Rs 1,336 crore and also the 0.4 per cent

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Maruti Suzuki falls over 3% after UBS downgrades stock to sell
NEW DELHI: Shares of Maruti Suzuki declined 3.5 per cent to Rs 6,405 on BSE in Friday's morning trade after global brokerage UBS downgraded the stock to sell from buy.

It slashed the target price by 27.5 per cent to Rs 5,800 per share from Rs 8,000 per share.

The brokerage said it felt surprised by a sharp decline of over 20 per cent in volumes

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Lupin, Piramal Healthcare in race for stake in JB Chemicals
Mumbai: Mumbai-based Lupin Pharma and the healthcare arm of Piramal Enterprises are among potential acquirers in early stages of talks to buy into 75-year-old drug maker JB Chemicals, people familiar with the development told ET.

One of the oldest active pharmaceutical ingredient (API) makers in India, JB Chemicals last month had appointed

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

Shares of Piramal Enterprises (up 2.53 per cent), Divi's Laboratories (up 1.60 per cent), Aurobindo Pharma (up 1.09 per cent) and Sun Pharmaceutical Industries (up 0.88 per cent) werethe top gainers in the index.

Lupin (up 0.60 per

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Tata Motors falls 3% on Moody's downgrade
NEW DELHI: Shares of Tata Motors fell nearly 3 per cent to Rs 154.55 in morning trade on Friday after the rating agency Moody's downgraded the stock.

Moody’s Investors Service on Thursday downgraded Tata Motors’ corporate family rating (CFR) and senior unsecured instruments rating, citing sustained deterioration in the company's credit profile

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Jet shares lose another 18% to hit fresh all-time low
NEW DELHI: Falling for the 14 sessions in a row, shares of Jet Airways plunged 18 per cent to hit fresh all-time low at Rs 27 in Thursday's session.

Indian lenders’ efforts to initiate insolvency proceedings against Jet are facing a fresh challenge, with the trustee appointed by a Netherlands court, which had last month declared the grounded

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Stock market update: IT shares dip; Wipro slips over 3%
NEW DELHI: IT shares were trading with losses in Thursday's morning session.

Shares of Wipro (down 3.13 per cent), Tech Mahindra (down 1.93 per cent), Tata Elxsi (down 1.05 per cent) and Tata Consultancy Services (down 0.71 per cent) were the top losers in the index.

Oracle Financial Services Software (down 0.60 per cent), Infosys (down 0.59 per

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Aurobindo Pharma plunges 8% on USFDA warning
Aurobindo Pharma: Aurobindo Pharma plunges 8% on USFDA warning - The TheIndianSubcontinent

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Share market update: FMCG shares trade higher; United Spirits rises over 1%
NEW DELHI: FMCG shares were trading higher in Thursday's morning session.

Shares of United Spirits (up 1.42 per cent), Godrej Industries (up 1.25 per cent), Procter - Gamble Hygiene - Healthcare (up 1.17 per cent) and Godrej Consumer Products (up 0.79 per cent) were the top gainers in the index.

Jubilant Foodworks (up 0.73 per cent), Tata

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Sensex, Nifty start on cautious note; Jet Airways tanks 17%
NEW DELHI: Benchmark indices got off to a quiet start Thursday morning but soon recovered losses as the US Fed's rate cut signal sent a dollar and the US bond yields falling and equities bounced globally.

A gauge of global stock markets edged near this year's peak. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent while

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Stock market update: Realty shares down; Sobha slumps 7%
NEW DELHI: Realty shares were trading in the negative zone in Friday's morning session.

Shares of Sobha (down 6.98 per cent), Godrej Properties (down 1.89 per cent), Sunteck Realty (down 1.20 per cent) and DLF (down 0.99 per cent) were trading lower.

Phoenix Mills (down 0.34 per cent), Mahindra Lifespace Developers (down 0.10 per cent) and

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Share market update: Metal shares mixed; Coal India rises 1%
NEW DELHI: Most metal shares were trading on a mixed note in Thursday's morning session.

Shares of Coal India (up 0.93 per cent), Steel Authority of India (SAIL) (up 0.52 per cent), National Aluminium Company (up 0.42 per cent) and JSW Steel (up 0.33 per cent) were trading higher.

Jindal Steel - Power (down 1.20 per cent), Hindustan Zinc

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Share market update: PSU Bank shares gain; Canara Bank rises 1%
NEW DELHI: Shares of PSU banks were trading with gains in Thursday's morning session.

Shares of Canara Bank (up 1.15 per cent) , Bank of India (up 0.73 per cent) , Union Bank of India (up 0.69 per cent) and Bank of Baroda (up 0.65 per cent) were the top gainers in the index.

Oriental Bank of Commerce (up 0.49 per cent) , Punjab National Bank (up

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Jet Airways hits 10% lower circuit as NCLT accepts insolvency plea
The stock opened at Rs 56.60 against its previous closed at Rs 62.85. The stock had unexpectedly soared as much as 150 per cent on Thursday — one of the highest gains by a stock during a trading session, catching traders by surprise.

"There is a lot of debt on the company and the list is too long. The creditors, lenders, Leasors, employees, the

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Where to invest Rs 1 lakh when 86% of the stocks are down in the dumps
Every major correction in the stock market throws up opportunities for investors. BSE benchmark Sensex is down 3 per cent from its all-time high of 40,312, scaled on June 4, 2019, while BSE Midcap and Smallcap indices are down up to 30 per cent from their respective high points hit in January, 2018.

More than 85 per cent of stocks on the National

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Share market update: Auto shares mixed; Apollo Tyres up over 1%
NEW DELHI: Auto shares were trading on a mixed note in Thursday's morning session.

Shares of Exide Industries (up 1.58 per cent), Apollo Tyres (up 1.40 per cent), TVS Motor Company (up 1.05 per cent) and Bharat Forge (up 0.72 per cent) were the top performers in the index.

Tata Motors (down 0.93 per cent ), Ashok Leyland (down 0.84 per cent ),

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Share market update: Nifty Pharma index down; Aurobindo Pharma falls over 5%
NEW DELHI: Pharma shares were trading lower in Friday's morning session with their sectoral index trading lower.

Shares of Aurobindo Pharma (down 5.44 per cent), Cadila Healthcare (down 2.72 per cent), Glenmark Pharmaceuticals (down 2.49 per cent) and Divi's Laboratories (down 2.06 per cent) were the worst performers in the index.

Sun

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Goldman Sachs now expects Fed rate cut in July and Sept
Fed rate cut: Goldman Sachs now expects Fed rate cut in July and Sept

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Winners losers: A tale of two halves
WhatsApp forwards, by and large, would qualify as junk. Occasionally, however, some gems land in the inbox. One such came in recently from someone who must have been following the Mumbai markets rather closely. It did not contain a single sentence of wisdom. Neither did it have rows and rows of financial ratios to convey what’s happening in the m

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