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Share market update: Nifty Pharma index down; Divi's Lab plnges 7%
NEW DELHI: Pharma shares were mixed in Monday's morning session with their sectoral index trading lower.

Shares of Biocon (up 2.32 per cent), Cipla (up 1.12 per cent), Cadila Healthcare (up 0.57 per cent) and Piramal Enterprises (up 0.46 per cent) were trading in the green.

Divi's Laboratories (down 7.01 per cent), Lupin (down 2.90 per cent),

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By Samuel Potter and Ksenia GalouchkoTo the big-time buysiders, those investors more likely to check their portfolio by the season than the session, it was just another week. The S-P 500 still shows a big green number for 2019, after all.

Ditto the quants, with their multiyear horizons and programmed strategies. And hedge funds, whose nerves

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Sebi slaps Rs 24 lakh on Amtek Auto for disclosure lapses
New Delhi: Markets regulator Sebi Friday imposed a total penalty of Rs 24 lakh on Amtek Auto for failing to disclose the invocation of pledge shares in the matter of Castex Technologies .

As per the order, Amtek Auto is the promoter of Castex Technologies Ltd (CTL).

The regulator conducted a probe between March 2015 and September 2015 in the scrip

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Stock market update: IT shares advance; Infibeam Avenues rises nearly 2%
NEW DELHI: IT shares were trading in the positive zone in Monday's morning session.

The Nifty IT index was trading 0.16 per cent up at 15,595 around 10:04 am.

Shares of Infibeam Avenues (up 1.84 per cent), Tata Elxsi (up 1.73 per cent), HCL Technologies (up 1.16 per cent) and Infosys (up 0.45 per cent) were trading higher.

Mindtree (up 0.18 per

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F O expiry, FII flow, macro data among 8 factors that will steer market next week
NEW DELHI: Despite strong volatility, domestic equities logged solid gains during the week gone by as a majority verdict for the Narendra Modi-led NDA infused bullish sentiment in the market.

Analysts said investors, who were staying away from the market due to uncertainty in the runup to the general election, are coming to the market now.

For

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The week gone by was historic in terms of massive volatility; implied volatility and India VIX both registered record highs, but soon normalised reflecting the emotional sentiment of Indian investors in the stock market.

This was indeed very high compared with the two dozen other countries that had gone elections in last two years. In none of

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Share market update: PSU Bank shares gain; J K Bank climbs 3%
NEW DELHI: Shares of PSU banks were trading with gains in Monday's morning session.

Shares of Jammu - Kashmir Bank (up 3 per cent), Syndicate Bank (up 2.79 per cent), Central Bank of India (up 2.76 per cent) and Union Bank of India (up 2.27 per cent) were the top performers in the index.

Oriental Bank of Commerce (up 2.21 per cent) , Indian

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NIIT Q4 net profit up 18% to Rs 23 crore
NIIT Ltd Saturday said its consolidated net profit rose 18 per cent to Rs 23.2 crore in the March quarter, helped by increased productivity and turnaround in its skills and careers (SNC) business. The skills and talent development firm had posted a net profit of Rs 19.7 crore in the year-ago period.

Its revenue grew 8 per cent to Rs 239.7 crore

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Amazon facial recognition ban won just 2% of shareholder vote
Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.

Some 2.4 per cent of votes were in favour of the ban. A second proposal that called for a study of the

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Sensex jumps 100 points, Nifty50 tops 11,850; NTPC climbs 4%
NEW DELHI: Dalal Street kicked off the expiry weak on a tepid note on Monday but soon started on an upward trajectory, buoyed by gains in the domestic currency and strong inflows from foreign investors. However, gains remained capped as US-China concerns loomed over world economies including India.

The rupee appreciated by 16 paise to 69.37

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The domestic equity market finished one of the most eventful weeks as the general election results were announced. Though the move remained mostly on the expected lines, the timing got little awry as the market showed bulk of its reaction by rising after the exit polls and not waiting for the actual results. The election results saw both Nifty and
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Wall Street week ahead: Trade protection doesn't have to exclude growth stocks
The escalating US-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.

Some investors are seeking safety in domestic US growth stocks ranging from software and online

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Expect further leg of bull run to unfold
By Sameet ChavanChief Analyst-Technical - Derivatives, Angel BrokingWhere we are: This has been a splendid week for our market and the kind of comeback we made, is quite remarkable. On the election results day, we saw tremendous optimism to reach yet another milestone of 12,000 as the counting finally validated the exit poll numbers. However,
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Fortis Healthcare posts Q4 net profit of Rs 151 crore
Fortis Healthcare has reported a consolidated net profit of Rs 151.19 crore for the quarter ended March, as against a net loss of Rs 914.32 crore in the corresponding period of the previous fiscal. Consolidated revenue from operations increased to Rs 1,184.15 crore from Rs 1,086.38 crore in the same quarter a year ago, Fortis Healthcare said in a
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Foreign investors hope India dials back policy shocks after Modi win
NEW DELHI: Foreign companies in India have welcomed Prime Minister Narendra Modi's election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year.

Modi's pro-business image and India's youthful population have lured foreign investors, with U.S. firms such as Amazon.com,

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FPIs pull out Rs 4,375 crore in May so far
NEW DELHI: Foreign investors have pulled out a net amount of Rs 4,375 crore from the Indian capital markets in May so far, driven by global and domestic factors.

Prior to this, overseas investors had infused a net amount of Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets (both equity and

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PNC Infratech Q4 net profit jumps over 25% to Rs 140 crore
New Delhi: Infrastructure company PNC Infratech has reported a 25 per cent jump in standalone net profit at Rs 139.93 crore for the quarter ended March, helped by higher income. The company had posted a net profit of Rs 111.52 crore during the same quarter a year ago, PNC Infratech said in a statement.

During January-March 2019, total income rose

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Mumbai: Benchmark stock indices soared 1.6 per cent to record closing levels on Friday as the Bharatiya Janata Party’s landslide victory in the national elections strengthened investors’ confidence in the government’s ability to tackle the economic slowdown.

Foreign investors stepped up purchases of Indian stocks, pumping Rs 2,000 crore into

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Markets likely to remain euphoric; focus may shift to earnings, global cues: Analysts
NEW DELHI: Equity markets are likely to remain euphoric in the coming days following the BJP's emphatic victory in the general elections, even as participants may start to shift their focus to policy reforms, earnings growth and global cues, analysts said.

The Sensex and Nifty rallied to record closing highs Friday after the ruling BJP secured a

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By DK AggarwalThe wait is over. The Modi-led NDA government’s return to power at the Centre signals that India needs a strong leader who can deliver political stability and economic development; local in roots, global in vision.

Good politics is all about good economics: one needs to closely watch Modinomics and Modi-fications. We hope RBI will be

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ET Intelligence Group: Considering the euphoria around the clear mandate to the National Democratic Front (NDA) in the general elections, market multiples are expected to expand as real economic growth may take some more time to improve.

The Nifty 50 trades at 17.8 times its projected 12-month earnings, a 15 per cent premium to the 10-year

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FinMin to launch ETF with bank stocks, financial institutions this fiscal
NEW DELHI: The Finance Ministry is planning to launch an exchange traded fund (ETF) consisting of stocks of PSU banks and financial institutions this fiscal and will soon appoint an advisor to explore its feasibility, according to an official.

After the resounding success of CPSE ETF and Bharat-22 ETF, the government is looking at diversifying the

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Dr. Evil would love Facebook&Globalcoin&
By Lionel Laurent

Sometimes even bitter billionaire rivals need each other. Mark Zuckerberg and the Winklevoss twins fell out over the founding of Facebook Inc. but they appear to have buried the hatchet over the blockchain.

According to the FT, Gemini, the crypto exchange founded by the “Winklevii,” has held talks with Facebook over the social net

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Mumbai: Brokerages gave a thumbs up to the landslide victory of the Bharatiya Janata Partyled coalition in the just concluded general elections. The government’s focus should now be on affordable housing, removing distress in rural economy, crisis in the NBFC space and recapitalising public sector banks. Some brokerages, however, believe despite
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L T picks up shares of Mindtree worth Rs 316 crore between May 20-24
NEW DELHI: Infrastructure major Larsen and Toubro (L-T) has raised its stake in IT firm Mindtree by about 2 per cent between May 20-24 by picking up shares worth over Rs 316 crore, according to regulatory data.

The development assumes significance as L-T has already acquired around 20 per cent stake in the mid-sized IT firm from V G

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spacex: Musk's SpaceX raised over $1 billion in six months - The TheIndianSubcontinent

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SpaceX launched the first batch of 60 small satellites

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MUMBAI: The central bank on Friday proposed a set of strict norms for non-banking financial companies (NBFCs), including mandatory investments in government bonds and maintenance of cash thresholds, to enable them to tide over liquidity problems without causing disruptions to the broader financial system.

The Reserve Bank of India (RBI) has also

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Seven of top 10 most valued firms add Rs 1.42 lakh crore to m-cap; RIL shines
NEW DELHI: Seven of the 10 most valued Indian firms together added Rs 1.42 lakh crore in market valuation last week, propelled by a broad rally in the equity markets amid the ruling BJP's emphatic victory in the general elections.

The 30-share BSE Sensex touched its lifetime (intra-day) high of 40,124.96 on Thursday, the day election results were

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The week in 10 stocks: Timken, KEI, Dilip Buildcon, RPower among big winners
NEW DELHI: It was a breathless week for Dalal Street as equity benchmarks hit new highs and rallied nearly 4 per cent. BSE Sensex zoomed 1,504 points to 39,434 as of May 24 from 37,930 on May 17, while NSE’s Nifty gained 437 points to 11,844.

Since the beginning of the week, the bulls were in the driver’s seat after exit polls projected a

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Indiabulls insider trading case: Sebi impounds Rs 87.21 lakh from former director, spouse
Markets regulator Sebi Friday ordered impounding of alleged unlawful gains of Rs 87 lakh made by Indiabulls Ventures's former non-executive director and her husband in an insider-trading case.

At the time of alleged violation, Pia Johnson, non-executive director of Indiabulls Ventures Ltd (IVL), and her husband Mehul Johnson traded in the scrip of

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