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Share market update: 49 stocks hit 52-week lows on NSE
NEW DELHI: Around 49 stocks fell to touch their 52-week lows on NSE in Monday's session.

Among the stocks that touched their 52-week lows were Fortis Healthcare, Future Enterprises, Inox Wind and Jubilant Life Sciences.

Khadim India, Monsanto India, Petron Engineering Construction and Vikas Multicorp also featured among the stocks that touched

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Share market update: Realty shares advance; Indiabulls Real Estate gains 8%
NEW DELHI: Realty shares were trading in the positive zone in Monday's morning session.

Shares of Indiabulls Real Estate (up 8.63 per cent), Sobha (up 7.57 per cent), Sunteck Realty (up 5.36 per cent) and DLF (up 4.96 per cent) were the top performers in the index.

Mahindra Lifespace Developers (up 4.66 per cent), Prestige Estates Projects (up

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Nitin Chugh appointed MD of Ujjivan Small Finance Bank
KOLKATA: Ujjivan Small Finance Bank has roped in HDFC Bank’s digital banking head Nitin Chugh as its next managing director and chief executive officer. Chugh will join Ujjivan in August and will work closely with current MD Samit Ghosh for “a smooth transition” before taking over the baton from him on December 1. Ghosh is slated to retire on Nov
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Share market update: Bank shares rise; SBI, PNB among top gainers
NEW DELHI: Bank shares were trading in the green in Monday's morning session.

Shares of State Bank of India (up 6.28 per cent), Federal Bank (up 5.88 per cent), Punjab National Bank (up 5.50 per cent) and ICICI Bank (up 5.43 per cent) were the top performers in the index.

Bank of Baroda (up 5.30 per cent), IndusInd Bank (up 4.79 per cent), YES

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IMF's Lagarde says US-China trade war could be risk for world economic outlook
TASHKENT : The trade war between the United States and China could be a risk to the world economic outlook if it is not resolved, International Monetary Fund Managing Director Christine Lagarde told Reuters on Friday during a visit to Uzbekistan.

"Obviously, the downside risk that we have is continued trade tensions between the United States and

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MUMBAI: The demerger of the consumer products segment is an incremental positive for Tata Chemicals (TCL) because it unlocks hidden value of Tata Salt in a tax-efficient manner and without creating any cross-holdings, analysts said. Post demerger, TCL’s chemicals business is available at an attractive price with a medium term upside of nearly 15%,
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Bharti Airtel climbs 2% as rights issue over-subscribed
NEW DELHI: Shares of Bharti Airtel climbed over 2 per cent in morning trade on Monday after the firm on Friday informed bourses that its Rs 25,000 crore rights issue has been over-subscribed as per the preliminary information received.

The company's rights issue, which had opened on May 3, closed for subscription on Friday.

"The company would like

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The domestic equity market witnessed one of its most volatile weeks in recent past as the indices oscillated back and forth in a relatively wider range before ending the week with modest gains. After facing downward pressure early in the week, the market turned positive on the last trading day. Nifty ended the week with gains of 128.25 points, or
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MUMBAI: Brokerages raised target price on Bajaj Finance after the company's strong showing in earnings performance for the quarter ended March.

Emkay Global raised target price by 1.3% to Rs 3,665 while maintaining a ‘buy’ rating and Jefferies has raised target price by 16.1% to Rs 3,600, also retaining its ‘buy’ recommendation. Morgan Stanley has

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9 stocks that analysts say can give you solid returns in 2-3 weeks
NEW DELHI: Domestic equity barometer Sensex vaulted over 950 points in early deals on Monday, propelled by exit polls that showed a clear and decisive majority for the Narendra Modi-led NDA in the general elections 2019.

The strong prospects of a stable government at the Centre gave a shot in the arm to the market even though it had been partly

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China's tough rhetoric leaves trade talks with US in limbo
By Ben Blanchard and David Shepardson

WASHINGTON/BEIJING - China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world's two largest economies would be meaningless unless Washington changed course.

The tough talk capped a week that saw Beijing unveil fresh retaliatory

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NSE to appeal against Sebi order in co-location case
MUMBAI: The National Stock Exchange (NSE) said it will challenge market regulator Sebi's order penalizing it in the co-location case.

The decision to appeal before the Securities Appellate Tribunal (SAT) was discussed by the NSE board on May 16.

“The Company has received the orders passed by Sebi and has sought legal advice thereon. Having regard t

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Share market update: FMCG shares trade higher; Godrej Industries rises 4%
NEW DELHI: FMCG shares were trading with gains in Monday's morning session.

Shares of Godrej Industries (up 4.34 per cent), Dabur India (up 2.62 per cent), United Spirits (up 1.90 per cent) and Emami (up 1.71 per cent) were trading with gains.

Marico (up 1.61 per cent), Jubilant Foodworks (up 1.44 per cent), Godrej Consumer Products (up 1.16 per

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By DK Aggarwaldk After some years of patchy drive, the Indian information technology (IT) industry, which contributes around 7.9 per cent to the country's GDP, is on an upward trajectory. Globally, much of the growth is being fuelled by the robust infrastructure-as-a-service (IaaS) market, with hybrid and multi-cloud rising as the architecture of
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MUMBAI: Stock indices surged over 1% on Friday as traders squared off bearish bets ahead of exit polls on Sunday evening after the end of the final phase of polling. The direction of the market early next week will be decided by these exit poll projections and the declaration of final results on May 23.

The Sensex surged 537.29 points, or 1.4%, to

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Worries pile up for debt mutual funds as multiple downgrades hit NAVs
Debt funds are being hit by a double whammy. With credit rating downgrades for several companies piling up one after the other, exposure to troubled entities seems to be adding up for a few of these funds. The exposure as a percentage of the overall fund portfolio is also slowly inching up as the fund corpus itself bleeds owing to high redemptions
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Wall Street falls as trade anxieties spike
NEW YORK: Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.

While all three major US indexes struggled for direction for much of the session, they turned decisively negative following a report

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Sebi refuses to lift market ban on Allied Financial, 7 entities for various violations
New Delhi: Regulator Sebi Friday refused to lift the market ban imposed on Allied Financial Services and seven entities in a case of alleged misappropriation of clients' securities.

However, the watchdog revoked the directions against three former directors -- Rajeev Kumar Asopa, Lalit Agarwal and Rajendra Prasad Basia -- of the company in the

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Share market update: Metal shares up; SAIL zooms nearly 8%
NEW DELHI: Metal shares were trading in the green in Monday's morning session.

Shares of Steel Authority of India (SAIL) (up 7.97 per cent), Jindal Steel - Power (up 7.60 per cent), Hindustan Copper (up 6.61 per cent) and APL Apollo Tubes (up 5.84 per cent) were the top gainers in the index.

NMDC (up 5.75 per cent), JSW Steel (up 5.61 per

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MUMBAI: The Jet Airways board became dysfunctional on Friday after Etihad Airways’ representative Robin Kamark resigned, the fourth director to quit in less than a month, leaving it with only two members.

The board of a publicly-listed company requires a minimum of three members, according to capital market norms. The grounded airline announced

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sensex: Top intraday trading ideas for afternoon trade for Friday 17 May 2019 - The TheIndianSubcontinent

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Godrej Consumer is a 'Buy' call

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Here is why Bajaj Auto shares fell 3% in a bullish market
NEW DELHI: Despite bullish market sentiment, shares of Bajaj Auto declined nearly 3 per cent in morning trade on Monday even after the company reported better-than-expected financial results for the quarter ended March 31.

The two-wheeler maker on Friday posted 20.90 per cent year-on-year (YoY) rise in standalone profit at Rs 1,305.59 crore over

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The domestic equity market consolidated during week gone by after assimilating the US-China trade spat in a more matured manner. Surprisingly, India had mirrored global markets since the beginning of May this year. Therefore, irrespective of the election outcome, except for one-day knee-jerk reaction, the market will continue to mirror global
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Hindalco slips to 3-month low on weak March quarter numbers
NEW DELHI: Shares of Hindalco Industries tanked nearly 4 per cent in morning trade on Friday to hit their lowest level in three months, a day after the company reported a 17.9 per cent year-on-year drop in profit at Rs 506 crore for the March quarter compared with Rs 616 crore profit in the corresponding quarter last year.

This included numbers

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Share market update: 27 stocks hit 52-week highs on NSE
NEW DELHI: Around 27 stocks rose to touch their 52-week highs on NSE in Monday's session.

Among the stocks that touched their 52-week highs were AstraZeneca Pharma India, Atul, Bajaj Finserv, Bajaj Finance, Chalet Hotels, DCB Bank, DCM Shriram, HDFC Bank ,ICICI Bank, Kotak Mahindra Bank, PVR, State Bank of India, Titan Company and UltraTech

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​NCLAT annuls voting on NBCCJaypee bid
MUMBAI: The appellate bankruptcy court has asked Jaypee Infratech’s lenders to conduct a fresh vote to decide on state-run construction company NBCC India’s bid for the realty developer, after annulling the process that had already begun.

The National Company Law Appellate Tribunal’s order on Friday came on a plea by IDBI Bank, a lender to Jaypee

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Share market update: Bank shares mixed; Kotak Bank rises over 1%
NEW DELHI: Bank shares were trading on a mixed note in Friday's morning session.

Shares of Kotak Mahindra Bank (up 1.34 per cent), IndusInd Bank (up 1.03 per cent), RBL Bank (up 0.72 per cent) and ICICI Bank (up 0.46 per cent) were the top gainers in the index.

Bank of Baroda (down 1.73 per cent), Federal Bank (down 1.07 per cent), Punjab National

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NEW DELHI: Nifty50’s share in mutual fund and foreign portfolio investor (FPI) holdings has not hit historical highs yet, suggesting that the market still has a lot of steam left.

But the polarisation within the Nifty pack suggests the time is ripe to go for some rebalancing and bet on the underdogs.

Institutional money has of late moved mostly to

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Nippon Life: Reliance MF stock gains on reports Nippon Life may hike stake - The TheIndianSubcontinent

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Shares of Reliance Nippon gained

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Share market update: 125 stocks hit 52-week lows on NSE
NEW DELHI: Around 125 stocks fell to touch their 52-week lows on NSE in Friday's session.

Among the stocks that touched their 52-week lows were Accelya Kale Solutions, AksharChem India, Astec LifeSciences, Bharat Gears and Biocon.

Dollar Industries, Emami Realty, Fortis Healthcare, Vodafone Idea, JK Tyre - Industries, Motherson Sumi Systems, Na

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