StockMarket

Fiberweb India, Kilburn Engineering among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 233.47 points down at 39,296.25 on account of selling in frontline bluechip counters.

Shares of Machino Plastic (up 14.04 per cent) , Saboo Sodium (up 13.11 per cent) , Simran Farms (up 11.84 per cent) , Kkalpana Industries (up 10.87 per cent), Kilburn Engineering (up 10.70 per cent),

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Buy Timken India, target Rs 830: ICICI Direct
ICICI Direct has given a buy recommendation on Timken India (TIL) with a target price of Rs 830.

Shares of Timken India traded at Rs 686.05 around 3 pm on 6 June, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.

As per the brokerage, TIL reported a stellar Q4FY19 performance on the back of over 2 times growth

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European shares rise on hopes of ECB action
European shares rose on Thursday, as expectations the European Central Bank will provide more stimulus for an ailing euro zone economy countered disappointment over the collapse of Renault-Nissan's merger with Fiat-Chrysler.

The pan-European STOXX 600 index was up 0.3 per cent by 0717 GMT, with the auto sector, down 0.48 per cent, preventing

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Buzzing stocks: Indiabulls Real Estate, DHFL, PNB, YES Bank
NEW DELHI: Indiabulls Real Estate with over 1.08 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of DHFL (number of shares traded: 0.41 crore), PNB (number of shares traded: 0.28 crore), YES Bank (number of shares traded: 0.28 crore), Reliance Power (number of shares traded: 0.23 crore), Vodafone Idea

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Shadow bank risk roars back with DHFL liquidity crunch
By Divya Patil

Little did anyone know a year back that it would get this bad with missed debt deadlines in India’s credit markets.

But twelve months after infrastructure financier IL-FS Group defaulted for the first time in June last year, investor confidence has again been shaken this week by signs that the crisis is spreading among shadow

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Income from office property through REIT
1. What is REITA real estate investment trust (REIT) is an entity that owns income producing real estate assets. It can be a private entity or publicly traded. The unitholders of REITs modelled as mutual funds receive a share of the rental income. The income earned from REITs has two components: half is received as interest, while the remaining
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Rules when trend lines are intact

The first rule is that a trend line (uptrend or downtrend) once formed, typically remains intact until it is broken decisively, that is the prices cut through that trend line.

Since the bulls are in control of an uptrending counter and set the agenda for the next bottom, an uptrend line acts as a support that keeps

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Accumulate KNR Constructions, target Rs 324: Geojit Financial Services
Geojit Financial Services has given an 'accumulate' recommendation on KNR Constructions with a target price of Rs 324.

Shares of KNR Constructions traded at Rs 279.4 around 2:30 pm on 6 June, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.

"Q4FY19 revenue grew by 15 per cent year-on-year (YoY) to Rs 716 crore

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Can physical shares be accepted in buybacks, companies ask Sebi
MUMBAI: Various listed companies have sought clarity from the Securities and Exchange Board of India (Sebi) on whether shares held in physical form could be accepted for buybacks, said two people privy to the development.

The development comes after the National Stock Exchange (NSE) in a circular last month asked companies to accept only

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No special window for NBFCs, but RBI assures on liquidity
Mumbai: Central bank governor Shaktikanta Das promised sufficient liquidity in the markets, but kept mum on the demand of nonbanking financial companies for a special liquidity window to tide over their crisis, which saw a mortgage lender missing payment on bonds.

The Reserve Bank of India on Thursday said it was closely monitoring the

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President pushes for trade concessions from China: Trump update
By Margaret Talev and Chelsea Mes

Donald Trump left Shannon, Ireland, to attend D-Day commemorations in northern France. Trump will attend a ceremony with French President Emmanuel Macron and the two leaders will then hold talks followed by a lunch.

Key Developments:

  • Trump reiterated that the US could impose tariffs on another $300 billion of
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Ita great time to invest for the long term
By Dhirendra KumarSo, the mountain peak has been climbed and the green valley on the far side is now visible. I’m referring to the elections. For months now, the Lok Sabha elections had loomed like a mountain in front of equity investors. They had no choice but to climb it but had little idea what lay beyond. By now, from the reaction of the
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Another 25 bps rate cut likely later in 2019
By Dharmakirti JoshiSlipping growth momentum and benign inflation prompted the Reserve Bank of India (RBI) to cut the repo rate by 25 basis points (bps) and also change its stance to ‘accommodative’ from ‘neutral’. And importantly, the decision on rate cut and change in stance was unanimous this time.

The increasingly dovish stance of central

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Can RBI policy be the blueprint for world's central banks
By Daniel Moss

India is becoming the gold standard for monetary policy in Asia, if not the world.

While global markets are giddy from hints that the Federal Reserve may cut interest rates, India’s central bank has been easing since February. Just as important, the Reserve Bank of India has been very consistent in its message: Borrowing costs need t

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Hiccups in Resurgentbid to acquire Prayagraj
Mumbai: Tata-backed Resurgent Power’s bid to acquire distressed power-generation company Prayagraj is facing hurdles after the UP Power Distribution Company sought lower tariffs from the new owner, arguing that the company’s debt would reduce after the deal.

Bankers are worried that withdrawal by the Tata and ICICI Bank joint venture company could

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Mumbai: The Reserve Bank of India (RBI) will constitute an internal working group to review its liquidity management framework to simplify the current framework and bring more clarity in the objectives and quantitative measures on banking liquidity.

“While on the whole the current liquidity management framework has worked well, it has also become s

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Share market update: Sugar stocks trade lower; Dharani Sugars tanks 8%
NEW DELHI: Most sugar stocks were trading lower in Thursday's afternoon session.

Shares of Dharani Sugars - Chemicals (down 8.15 per cent), K.M.Sugar Mills (down 6.50 per cent), Balrampur Chini Mills (down 5.31 per cent), Indian Sucrose (down 4.91 per cent), Sakthi Sugars (down 4.83 per cent), Gayatri Sugars (down 4.56 per cent), Uttam Sugar

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Bankrupt US drug firm Aceto accuses Aurobindo of sabotage, seeks damages
Mumbai: Aceto Corporation, a US generic drug distributor, has accused Aurobindo Pharma and its founder PV Ramprasad Reddy of sabotaging and systemically destroying the company’s business in a case filed in a New Jersey district court.

Aceto, which had filed for bankruptcy in February, sought damages from Aurobindo on charges of fraud, negligent

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Market shrugs off RBI rate cut; Sensex, Nifty log biggest one-day fall of 2019
NEW DELHI: A slowdown in economic growth had led to Dalal Street already pricing in a 25-basis point cut in repo rate and a change in stance was also not ruled out. But on Thursday when RBI moved along the expected lines, concerns over growth and liquidity overshadowed the rate cut, so much so that benchmark indices Sensex and Nifty logged biggest
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Share market update: Cement stocks under pressure; Birla Corporation falls over 6%
NEW DELHI: Most cement stocks were trading in the red in Thursday's afternoon session.

Shares of Birla Corporation (down 6.64 per cent), JK Lakshmi Cement (down 6.61 per cent), APCL (down 5.63 per cent), SKCIL (down 4.98 per cent), NCL Industries (down 4.92 per cent), Sagar Cements (down 4.86 per cent), Prism Johnson (down 4.76 per cent), Sanghi

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By Vildana Hajric

As euphoria over cryptocurrencies deflates in the wake of Bitcoin’s biggest monthly surge in almost two years, technical indicators are showing there could be more pain ahead.

The GTI Vera Convergence-Divergence indicator, which detects positive and negative trends, flashed a sell signal for the first time since April, suggesting

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NEW DELHI: Thursday’s market plunge had to do with the NBFC woes. RBI, analysts said, failed to assuage investor concerns over NBFCs a day after DHFL’s failure to pay interest on NCDs led to its downgrade to ‘default’ status by three rating agencies

Global brokerage CLSA said the downgrade could expose some Rs 1,00,000 crore of borrowings to

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Share market update: Nifty Financial Services index dips; Indiabulls Housing slumps nearly 8%
NEW DELHI: The Nifty Financial Services index was down with most of its components trading lower in Thursday's afternoon session.

Shares of Indiabulls Housing Finance (down 7.81 per cent), Shriram Transport Finance Company (down 7.18 per cent), Edelweiss Financial Services (down 7.13 per cent) and Indiabulls Ventures (down 4.06 per cent) were the

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Indialeadership in e-payments cemented by strong rules: RBI
The Reserve Bank of India said strong regulations have helped India’s payments system grow rapidly and earned leadership position in the world even as bringing down volume of paper clearing along with raising acceptance of digital utility bill payments still remains a challenge.

There has been substantial growth in e-payments by government and

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Rich economies must heed policy impact on emerging nations: Carney
Policymakers in rich economies such as the United States need to take more account of the impact that their policies have on emerging economies, Bank of England Governor Mark Carney said on Thursday.

"While it is unrealistic to expect advanced economy policymakers to internalise fully spillovers from their actions on emerging markets, given their

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China stocks close at near 4-month lows on worries over trade, growth
SHANGHAI: China's major stock indexes fell on Thursday to close at near four-month lows, as worries persisted over the country's economic momentum amid a bruising trade war with the United States which shows no signs of easing.

The blue-chip CSI 300 index fell 0.9 per cent to 3,564.68, while the Shanghai Composite Index closed down 1.2 per cent at

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By Enda CurranCentral banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.

With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policy makers are again seeking to shore up

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L T buys more shares of Mindtree; raises stake to 28.90%
New Delhi: Infrastructure major Larsen and Toubro on Thursday acquired 25,000 equity shares of Mindtree Ltd, taking its total holding in the mid-tier IT firm to 28.90 per cent, as per a regulatory filing. The development assumes significance as L-T has been steadily increasing its holding in the Bengaluru-based tech firm where it acquired
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Australian shares rise for third day as rate cut spurs banks
Australian shares rose for a third straight day on Thursday, with banks gaining sharply on expectations that this week's central bank rate cut and other easing measures could stimulate the cooling economy and boost lending.

The country's biggest lender, Commonwealth Bank of Australia , closed at its highest level in more than a year.

Australia's

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Wall Street gains, tech stocks bounce
Global stock indexes rallied on Tuesday as US tech shares bounced back from the previous day's selloff and investors weighed the possibility of a US interest rate cut, while yields on US Treasuries rose.

US technology stocks bounced back from Tuesday's sharp selloff, driven by worries about a clamp-down on the world's internet and social media

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