StockMarket

RBI eases norms for FPI special window
MUMBAI: India’s central bank on Friday eased norms for foreign portfolio investors (FPI) buying debt assets under a special window amid expectations that overseas funds would increase allocations to Mumbai after the ruling combine’s return to power with a bigger majority.

The Reserve Bank of India (RBI) removed a mandatory investment cap,

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PVR is a 'Sell' call with a target price of Rs 1640 and a stop loss of Rs 1760.

ETMarkets.com|

May 24, 2019, 11.29 AM IST

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Thursday2BEL is a 'Buy' call with a target price of Rs 115 and a stop loss of Rs 104.
NEW DELHI: Equity benchmarks Sensex and Nifty were trading higher in Friday's session on account of buying in frontline bluechip
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By Nupur Acharya

A decisive mandate for India’s ruling coalition and a second term for Prime Minister Narendra Modi has assured investors of stability and policy continuity in Asia’s third-biggest economy.

Still, equity markets ended in the red after surging to an intraday record on Thursday as the result broadly matched investor expectations and

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JSW Q4 net slips 48%; company announces new capex
Mumbai: JSW Steel reported a 48% decline in net profit in the fourth quarter after higher costs squeezed margins. The company’s board approved new capital expenditure worth Rs 5,700 crore.

Profit fell to Rs 1,495 crore in the three months ended March compared with Bloomberg estimates of Rs 1,487 crore. Net sales increased 4.8% to Rs 22,368 crore,

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Stock market update: 53 stocks hit 52-week lows on NSE
NEW DELHI: Around 53 stocks fell to touch their 52-week lows on NSE in Friday's session.

Among the stocks that touched their 52-week lows were Blue Coast Hotels, Eris Lifesciences, Chromatic India, IMP Powers, Intrasoft Technologies and Jubilant Life Sciences.

Mstc, Mahanagar Telephone Nigam, Natco Pharma, Sagardeep Alloys, Somi Conveyor Beltings,

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Stock market update: IT shares slip; NIIT Tech down over 1%
NEW DELHI: IT shares were trading in the negative zone in Friday's morning session.

Shares of NIIT Technologies (down 1.22 per cent), Tech Mahindra (down 1.00 per cent), HCL Technologies (down 0.87 per cent) and Tata Consultancy Services (down 0.74 per cent) were the top losers in the index.

Tata Elxsi (down 0.43 per cent), Wipro (down 0.43 per

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Issue ‘elephant bonds&, simplify FDI norms for Indian JVs, cut corp tax: high level group tells govt
New Delhi: A high level government-appointed committee on trade and industry has suggested it to issue ‘Elephant Bonds' to people for declaring undisclosed income to mandatorily invest 50%, reduce corporate tax rate, drop tit for tat approach on tariff wars with other countries, and set a target to double the exports (goods and services) to $1,000
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First 100 days of Modi 2.0 could see tax cut, GST rejig, bank reform
NEW DELHI: With the major event risk of election out of the way, analysts on Dalal Street have started speculating on what measures the government may unveil in its first 100 days of the second term.

With the economy slowing, demand situation sluggish, farm sector in distress and a part of the financial markets wrestling with a crippling liquidity

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Reliance Capital jumps 6% on RNAM JV stake sale
NEW DELHI: Shares of Reliance Capital jumped 6 per cent to Rs 139.80 in Friday's session, a day after it disclosed its plan to exit the mutual funds business.

The company on Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan's Nippon Life

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Airtel's paid-up share capital rises to Rs 2,565 cr after rights issue
New Delhi: Telecom operator Bharti Airtel said Friday that its paid-up equity share capital has increased to Rs 2,565.4 crore comprising about 513 crore shares, after the right issue share allotment.

"Accordingly, pursuant to theallotment, the paid-up equity share capital of the company has increased to Rs 25,654,955,910 consisting of

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Share market update: Bank shares rise; BoB surges over 6%
NEW DELHI: Bank shares were trading in the positive zone in Friday's session.

Shares of Bank of Baroda (up 6.08 per cent), Punjab National Bank (up 2.93 per cent), IDFC First Bank (up 2.85 per cent) and State Bank of India (up 1.93 per cent) were trading with gains.

ICICI Bank (up 1.59 per cent), Axis Bank (up 1.20 per cent), Federal Bank (up

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Sun TV share price: Sun TV slips on weak March quarter numbers - The TheIndianSubcontinent

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Sun TV reported a decline of 2.30 per cent in its

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OVL FY19 net profit jumps 71% on rise in oil production
New Delhi: ONGC Videsh, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), Friday reported a 71 per cent jump in its 2018-19 fiscal year net profit on the back of a spike in crude oil production. Consolidated net profit in April 2018 to March 2019 period at Rs 1,682 crore was 71.4 per cent higher than Rs 981 crore net
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FIIs cheer Modilandslide win, ask him to fix economy, reforms
Mumbai: Foreign institutional investors (FIIs) cheered the landslide victory for the Bharatiya Janata Party-led (BJP) National Democratic Alliance (NDA) in the general elections in the world’s largest democracy, and said the focus of the new government must now shift to pushing more reforms and improving the state of the economy.

The sweeping

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Share market update: PSU Bank shares gain; BoB rises over 2%
NEW DELHI: Shares of PSU banks were trading with gains in Friday's morning session.

Shares of Bank of India (up 2.97 per cent), Bank of Baroda (up 2.63 per cent), Jammu - Kashmir Bank (up 2.15 per cent) and Union Bank of India (up 2.08 per cent) were the top performers in the index.

Canara Bank (up 2.01 per cent), Syndicate Bank (up 1.91 per

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Share market update: Consumer Durables shares trade higher; Blue Star up 1%
NEW DELHI: The S-P BSE Consumer Durables index was up in Friday's afternoon session with most of its components trading higher.

Shares of Crompton Greaves Consumer Electricals (up 1.63 per cent), Blue Star (up 1.55 per cent) and TTK Prestige (up 0.77 per cent) were trading in the green.

Titan Company (up 0.20 per cent), VIP Industries (up 0.17

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Share market update: Nifty FMCG index flat; Dabur rises over 2%
NEW DELHI: FMCG shares were trading with gains in Friday's morning session.

Shares of Dabur India (up 2.59 per cent), United Breweries (up 2.02 per cent), United Spirits (up 1.16 per cent) and Tata Global Beverages (up 0.76 per cent) were the top performers in the index.

Emami (up 0.73 per cent), Procter - Gamble Hygiene - Healthcare (up

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Share market update: Auto shares in the green; Tata Motors up 1%
NEW DELHI: Auto shares were trading in the green in Friday's morning session.

Shares of Motherson Sumi Systems (up 1.53 per cent), Tata Motors (up 1.23 per cent), Mahindra - Mahindra (up 1.16 per cent) and TVS Motor Company (up 1.14 per cent) were the top gainers in the index.

Bharat Forge (up 0.95 per cent), Apollo Tyres (up 0.93 per cent),

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Nikkei dips as US-China tensions escalate
TOKYO: Nikkei share average dipped on Friday as escalating tensions between Washington and Beijing over trade and technology firms weighed on investor appetite.

The Nikkei ended the day 0.16 per cent lower at 21,117.22, posting its third consecutive weekly loss.

US President Donald Trump said on Thursday US complaints against Huawei Technologies

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Share market update: Metal shares bullish; JSPL jumps 3%
NEW DELHI: Metal shares were trading in the green in Friday's morning session.

Shares of Jindal Steel - Power (up 3.06 per cent), APL Apollo Tubes (up 2.96 per cent), MOIL (up 2.51 per cent) and Welspun Corp (up 1.94 per cent) were trading higher.

Steel Authority of India (SAIL) (up 1.43 per cent), Hindustan Copper (up 1.25 per cent), Tata

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Stock market update: Realty shares advance; Sunteck Realty jumps 4%
NEW DELHI: Realty shares were trading in the positive zone in Thursday's morning session as the early leads projected Narendra Modi-led NDA is set to form government at the Centre.

Shares of Indiabulls Real Estate (up 5.74 per cent), Sunteck Realty (up 4.17 per cent), Phoenix Mills (up 3.53 per cent) and DLF (up 3.48 per cent) were the top

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Share market update: Telecom shares gain; Bharti Airtel climbs 4%
NEW DELHI: Most telecom shares were trading in the positive zone in Friday's afternoon session.

Shares of Bharti Airtel (up 3.99 per cent), Vodafone Idea (up 3.14 per cent), Bharti Infratel (up 2.33 per cent) and Tata Communications (up 1.58 per cent) were trading with gains.

ITI (up 1.39 per cent), Mahanagar Telephone Nigam (up 1.03 per cent)

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As election mania settles, market gets reality check
By Kartik Goyal

The first reaction of investors to Indian Prime Minister Narendra Modi’s landslide election win was to bid up local assets. The euphoria didn’t last long.

Stocks fell after rallying to records and the rupee slid as investors refocused on domestic realities, and posted modest gains Friday. While Modi’s sweeping victory allayed fears o

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NEW DELHI: With early trends in vote count showing a lead for the BJP-led NDA, stock investors are already cheering. BSE benchmark Sensex rallied over 700 points in early trade and Nifty scaled a new high as emerging trends suggested continuity of governance at the Centre.

Yet, economists and market veterans said while the euphoria was on the

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Share market update: BSE Power index up; JSW Energy gains 6%
NEW DELHI: The S-P BSE Power index was up with most of its components trading higher in Friday's session.

Shares of JSW Energy (up 6.06 per cent), Suzlon Energy (up 3.54 per cent), Bharat Heavy Electricals (up 3.46 per cent) and GMR Infrastructure (up 3.15 per cent) were the top performers in the index.

Siemens (up 3.04 per cent), ABB India

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Stock market update: Realty shares advance; DLF climbs nearly 3%
NEW DELHI: Realty shares were trading in the positive zone in Friday's morning session.

Shares of Indiabulls Real Estate (up 4.37 per cent), DLF (up 2.71 per cent), Oberoi Realty (up 2.68 per cent) and Brigade Enterprises (up 1.55 per cent) were the top performers in the index.

Godrej Properties (up 1.48 per cent), Sobha (up 1.29 per cent),

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Why IndusInd Bank jumped 8% despite 62% decline in Q4 profit
NEW DELHI: Shares of IndusInd Bank surged 8 per cent to Rs 1639.95 in Thursday's session even as the private lender on Wednesday posted lower-than-expected financial results for March quarter.

The company's profit dropped, provisions jumped, and asset quality deteriorated during Q4FY19. However, brokerages still show faith in the company.

"The

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Share market update: OMCs trade in the green; HPCL jumps over 4%
NEW DELHI: OMCs were trading in the green in Friday's session with their sectoral index on BSE trading higher.

The S-P BSE Oil - Gas index was trading 0.85 per cent up at 15,281.27 around 11:48 am.

Shares of Hindustan Petroleum Corporation (up 4.66 per cent), Petronet LNG (up 2.27 per cent), Bharat Petroleum Corporation (up 1.64 per

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Share market update: Nifty Pharma index up; Biocon gains 3%
NEW DELHI: Pharma shares were mixed in Friday's morning session with their sectoral index trading higher.

Shares of Biocon (up 3.20 per cent), Divi's Laboratories (up 1.06 per cent), Lupin (up 0.87 per cent) and Piramal Enterprises (up 0.68 per cent) were trading higher.

Glenmark Pharmaceuticals (down 0.69 per cent), Cadila Healthcare (down 0.38

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Share market update: Nifty Pharma index up; Piramal Enterprises rises 3%
NEW DELHI: Pharma shares were up in Thursday's morning session with their sectoral index trading higher as the early leads projected Narendra Modi-led NDA is set to form government at the Centre.

Shares of Piramal Enterprises (up 2.88 per cent), Divi's Laboratories (up 1.99 per cent), Biocon (up 1.08 per cent) and Cadila Healthcare (up 1.02 per

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