StockMarket

ICICI, Axis Bank slip on Fitch downgrade

NEW DELHI: Shares of ICICI Bank declined nearly 2 per cent to Rs 416 while those of Axis Bank slipped nearly 1 per cent to Rs 805.55, a day after global rating agency Fitch downgraded them.

As per a PTI report, Fitch said it took the rating action after lowering its midpoint for India's operating environment to 'bb+' from 'bbb-' following a review

Details: Category: Stock Market; Published: 04 June 2019

Mumbai: Stocks of Indian auto companies, particularly twowheeler makers, were at the vanguard of Monday’s equities rally, fuelled by expectations that the central bank would lower borrowing costs twice in as many months when policy makers meet later this week.

The BSE Auto index gained 2 per cent during the session, outrunning the Sensex that

Details: Category: Stock Market; Published: 04 June 2019

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US Federal Reserve Chairman Jerome Powell said on Tuesday the central bank will "act as appropriate" in response to risks posed by a trade war, remarks that may open the door to the possibility of a rate cut.

"We do not know how or when these issues will be resolved," Powell said. "We are closely monitoring the implications of these developments

Details: Category: Stock Market; Published: 05 June 2019

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By Nupur Acharya and John Xavier

Flagging Indian sales of products like toothpaste and hair oil have been a drag on the share prices of the nation’s consumer goods makers, but each dip is a buying opportunity for a fund manager who sees the slowdown in demand as temporary.

“The stocks offer stability and steady growth,” said Mahesh Patil, co-chief i

Details: Category: Stock Market; Published: 04 June 2019

Sebi wants 10% mandatory deposit before appeals at SAT against its orders

With an aim to check frivolous appeals against its orders with the sole aim of delaying their execution, capital market regulator Sebi is seeking a mandatory deposit of 10 per cent of the penalty amount before filing of any appeal before the appellate tribunal.

The Securities and Exchange Board of India (Sebi) has sought an amendment to the Sebi

Details: Category: Stock Market; Published: 02 June 2019

GVK gets Rs 1,300 crore from Goldman Sachs-led group

New Delhi: A Goldman Sachs-led group of investors has pumped Rs 1,300 crore into GVK’s airport development unit that could help the company tide over upcoming debt repayments, according to several people aware of the matter. It could also help stave off the Adani Group’s possible bid to take over GVK’s crown jewel, Mumbai International Airport Ltd

Details: Category: Stock Market; Published: 05 June 2019

Aurobindo, NCC, RInfra, UltraTech among 46 stocks signalling downsides on MACD

NEW DELHI: As the Nifty50 rules at all-time high, market breadth remains tepid, raising questions over the sustainability of the recent bounce.

More and more midcap and smallcap stocks are signalling bearish trends than the ones sending out bullish signals, suggests MACD, or moving average convergence divergence.

The momentum indicator signalled a

Details: Category: Stock Market; Published: 04 June 2019

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External commercial borrowings drop 20% in April

Mumbai: Indian industry's borrowings from foreign markets fell by nearly 20 per cent to USD 3.16 billion in April 2019 compared to the year-ago month, according to the Reserve Bank data. Domestic firms had raised USD 3.92 billion from overseas markets in April 2018.

Of the total external commercial borrowings (ECBs) in April 2019, USD 2.66 billion

Details: Category: Stock Market; Published: 02 June 2019

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MUMBAI: Dewan Housing Finance Ltd (DHFL) has missed Tuesday’s interest payment deadline on a set of outstanding bonds, but the embattled company is in talks with financiers to help meet its Rs 1,000-crore-plus obligation within the seven-day grace period and prevent a default.

Multiple market sources told ET that UTI Mutual Fund and some private

Details: Category: Stock Market; Published: 05 June 2019

Share market update: Nifty Pharma index down; Divi's Lab dips 2%

NEW DELHI: Pharma shares were trading lower in Tuesday's morning session with their sectoral index trading lower.

Shares of Divi's Laboratories (down 1.91 per cent), Sun Pharmaceutical Industries (down 0.86 per cent), Biocon (down 0.84 per cent) and Piramal Enterprises (down 0.77 per cent) were trading with losses.

Aurobindo Pharma (down 0.71 per

Details: Category: Stock Market; Published: 04 June 2019

RBI may cut interest rate by at least 25 bps: Experts

New Delhi: June 2 (PTI) The Reserve Bank may go for another round of rate cut, third in a row, on Thursday to prop up the economic growth which dropped to a five-year low in the final quarter of 2018-19, opined experts.

The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday amidst Narendra Modi-led

Details: Category: Stock Market; Published: 02 June 2019

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MUMBAI: Tata Sons, the Tata Group’s holding company, has bought back nonconvertible debentures (NCDs) worth an estimated Rs 3,000 crore from the country’s largest insurer, Life Insurance Corp of India (LIC), said people with knowledge of the matter.

The NCDs were bought back in April at a price higher than the market rate from LIC, which had

Details: Category: Stock Market; Published: 05 June 2019

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Stock market update: IT shares dip; HCL Tech down over 2%

NEW DELHI: IT shares were trading in the negative zone in Tuesday's morning session.

Shares of HCL Technologies (down 2.15 per cent), Tata Consultancy Services (down 1.83 per cent), Infosys (down 1.03 per cent) and Tata Elxsi (down 0.98 per cent) were the top losers in the index.

Mindtree (down 0.66 per cent), Tech Mahindra (down 0.20 per cent),

Details: Category: Stock Market; Published: 04 June 2019

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L T picks up Mindtree shares worth Rs 70 cr during May 27-30

New Delhi: Infrastructure major Larsen and Toubro (L-T) picked up 7.11 lakh shares of IT firm Mindtree between May 27-30 for about Rs 70 crore, according to regulatory data.

The development assumes significance as L-T has been steadily increasing its holding in the Bengaluru-based tech firm where it acquired around 20 per cent stake of V G

Details: Category: Stock Market; Published: 02 June 2019

CLSA expects limited impact of Fitch rating cut on ICICI, Axis Bank

Mumbai: Foreign brokerage CLSA sees only limited impact of Fitch rating cut on Axis Bank and ICICI Bank.

Fitch said it had downgraded ICICI Bank and Axis Bank’s Long-Term Issuer Default Rating to ‘BB+’ from ‘BBB-’ with a stable outlook. Both the bank’s senior debt ratings have also been downgraded to ‘BB+’ from ‘BBB-’ in line with the IDR, as the d

Details: Category: Stock Market; Published: 05 June 2019

Share market update: PSU Bank shares gain; OBC climbs over 4%

NEW DELHI: Shares of PSU banks were trading with gains in Tuesday's morning session.

Shares of Oriental Bank of Commerce (up 4.18 per cent), Syndicate Bank (up 2.92 per cent), Union Bank of India (up 2.55 per cent) and Allahabad Bank (up 2.02 per cent) were the top gainers in the index.

Bank of India (up 1.68 per cent), Canara Bank (up 1.65 per

Details: Category: Stock Market; Published: 04 June 2019

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ONGC topples IOC to regain most profitable PSU tag

New Delhi: ONGC, India's top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country's most profitable public sector company.

According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

In comparison,

Details: Category: Stock Market; Published: 02 June 2019

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ge power share price: GE Power jumps 5% on Rs 738 crore order win - The TheIndianSubcontinent

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The company bagged a contract worth Rs 738

Details: Category: Stock Market; Published: 04 June 2019

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As NBFC disbursements to auto sector slump, used vehicles pick up slack

Mumbai: Disbursements by nonbanking finance companies (NBFCs) to the auto sector have been affected as sales of new vehicles have declined sharply, analysts said.

Growth momentum has slowed and a revival in the sector is uncertain, they said. Several have turned to funding used cars to protect margins, executives at the top finance companies.

“If N

Details: Category: Stock Market; Published: 04 June 2019

BoB plans to raise Rs 11,900 crore via share sale in FY20

New Delhi: State-owned Bank of Baroda (BoB) plans to raise Rs 11,900 crore during the current fiscal through share sale, including Employee Share Purchase Scheme to shore up capital for meeting business expansion requirement.

The bank expects to garner Rs 1,500 crore from Bank of Baroda Employee Share Purchase Scheme (BoB-ESPS).

It has been

Details: Category: Stock Market; Published: 02 June 2019

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Share market update: 33 stocks hit 52-week highs on NSE

NEW DELHI: Around 33 stocks rose to touch their 52-week highs on NSE in Tuesday's session.

Among the stocks that touched their 52-week highs were Adani Gas, ADF Foods, Astral Poly Technik, Bajaj Finserv, Bajaj Finance and Century Textiles - Industries.

DCB Bank, Deepak Nitrite, The Federal Bank, JIK Industries, JK Lakshmi Cement, Mahamaya

Details: Category: Stock Market; Published: 04 June 2019

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Sensex, Nifty off to a weak start; all eyes on RBI policy decision

NEW DELHI: Domestic equity benchmarks started Tuesday's session on a bumpy track, with headline index Sensex swinging around 165 points within the first 10 minutes of the trade.

Weak Asian cues hit the sentiment, whereas a sustained fall in crude oil prices, rupee's rise against the dollar and hopes of a rate cut by the RBI capped the losses.

Asia

Details: Category: Stock Market; Published: 04 June 2019

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Tweet Buster: D-Street-s advice for new FM tips for retirement planning

NEW DELHI: Political developments remained a key driver for Dalal Street last week, which made Indian equities jump close to 1 per cent, ignoring turmoil in global markets.

US President Donald Trump opening new frontiers in its trade war by including Mexico and India rattled global markets. The White House has threatened to hit Mexico with new

Details: Category: Stock Market; Published: 02 June 2019

Non-banking financial companies have raised more than $2 billion of overseas bonds.

Bloomberg|

Jun 04, 2019, 10.24 AM IST

BCCL

Ujjivan Small Finance Bank is a subsidiary of the listed entity Ujjivan Financial Services.

By Anurag Joshi and Denise Wee

India’s shadow banks are being forced to go overseas more for money as local lenders balk at extending

Details: Category: Stock Market; Published: 04 June 2019

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Four Cs to determine the course for Indian pharma

ET Intelligence Group: Recovering from regulatory turbulence in the most profitable global market, top Indian pharma companies have zeroed in on cost rationalisation, better compliance standards and a more nimble response to competition while hoping the Chinese market could provide the salve going ahead.

A review of the FY19 performance of leading

Details: Category: Stock Market; Published: 04 June 2019

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The domestic stock market on Friday traded on a volatility note, as investors reacted to Cabinet portfolios allocation. Nifty Bank moved in a 1,100-point range, while NSE Nifty gyrated over 200 points before finishing with a modest loss of 23.10 points or 0.19 per cent.

The 12,000-12,040 zone has reinforced itself as a critical resistance area.

Details: Category: Stock Market; Published: 02 June 2019

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Stock market update: Realty shares advance; DLF rises over 2%

NEW DELHI: Realty shares were trading in the positive zone in Tuesday's morning session.

Shares of DLF (up 2.55 per cent), Mahindra Lifespace Developers (up 2.07 per cent), Sobha (up 1.92 per cent) and Godrej Properties (up 1.73 per cent) were the top gainers in the index.

Oberoi Realty (up 1.35 per cent), Prestige Estates Projects (up 0.94 per

Details: Category: Stock Market; Published: 04 June 2019

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Share market update: Auto shares in the green; MRF up 2%

NEW DELHI: Auto shares were trading in the green in Tuesday's morning session.

Shares of MRF (up 2.14 per cent), Apollo Tyres (up 1.78 per cent), Bosch (up 1.28 per cent) and Tata Motors (up 1.18 per cent) were the top performers in the index.

TVS Motor Company (up 1.18 per cent), Motherson Sumi Systems (up 1.14 per cent), Eicher Motors (up 0.98

Details: Category: Stock Market; Published: 04 June 2019

FPIs stay bullish, infuse Rs 9,031 crore in May

New Delhi: Overseas investors pumped in a net amount of Rs 9,031 crore into the Indian capital markets in May on expectations of more business-friendly measures following the BJP's landslide victory in the general elections.

Interestingly, foreign investors were net sellers for the first three weeks of May, but the tide turned just ahead of the

Details: Category: Stock Market; Published: 02 June 2019