StockMarket

Bajaj Finance shares jump 4% on Q4 numbers; what brokerage say
NEW DELHI: Shares of Bajaj Finance surged over 4 per cent in the morning session on Friday, a day after it reported a 57 per cent year-on-year (YoY) jump in consolidated profit at Rs 1,176 crore compared with Rs 748 crore in the same quarter last year.

The results included the numbers of Bajaj Finance's wholly-owned subsidiaries Bajaj Housing

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Share market update: PSU Bank shares dip; Bank of Baroda down 1%
NEW DELHI: Shares of PSU banks were trading with losses in Friday's morning session.

Shares of Bank of Baroda (down 1.09 per cent), Bank of India (down 0.98 per cent), Allahabad Bank (down 0.82 per cent) and Syndicate Bank (down 0.62 per cent) were trading lower.

Punjab National Bank (down 0.31 per cent), Union Bank of India (down 0.29 per cent),

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Buffett's Berkshire unveils $861 million Amazon stake
Warren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.

The size of the investment was disclosed in a regulatory filing detailing Berkshire's U.S.-listed stocks as of March 31.

Wednesda

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Share market update: FMCG shares trade higher; GCPL climbs 3%
NEW DELHI: FMCG shares were trading with gains in Friday's morning session.

Shares of Godrej Consumer Products (up 3.33 per cent), Hindustan Unilever (up 1.59 per cent), Dabur India (up 1.51 per cent) and GlaxoSmithKline Consumer Healthcare (up 1.27 per cent) were trading in the green.

Godrej Industries (up 1.11 per cent), Marico (up 0.89 per

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12 smallcaps that are impervious to market swings, rising every month12 smallcaps that are impervious to market swings, rising every month12 smallcaps that are impervious to market swings, rising every month
12 smallcaps that are impervious to market swings, rising every month
The selloff in midcap and smallcap stocks that left investors with limited gainers failed to touch 12 stocks, which kept delivering consistent returns month after month so far this calendar.

The list included midcap chemicals player SRF, smallcap private sector lender DCB Bank and textile player Indo Rama Synthetics besides small and microcap

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NEW DELHI: The domestic equity market had a positive start on Thursday amid firm global cues. Market breadth was in favour of buyers. However, steadily rising crude oil prices and selling by foreign institutional investors capped gains.

Asian shares steadied in early trade on news that the US was planning to delay tariffs on auto imports,

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Share market update: Metal shares mixed; Hindalco dips nearly 3%
NEW DELHI: Metal shares were trading on a mixed note in Friday's morning session.

Shares of Jindal Stainless (Hisar) (up 3.22 per cent), Coal India (up 1.34 per cent), NMDC (up 1.16 per cent) and MOIL (up 0.59 per cent) were the top performers in the index.

Hindalco Industries (down 2.83 per cent), Jindal Steel - Power (down 2.15 per cent),

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Share market update: Nifty Metal index flat; Welspun Corp dips 2%
NEW DELHI: Most metal shares were trading on a mixed note in Thursday's morning session.

Shares of Steel Authority of India (SAIL) (up 1.41 per cent), JSW Steel (up 1.36 per cent) and NMDC (up 1.00 per cent) were the top gainers in the index.

Welspun Corp (down 2.48 per cent), Jindal Stainless (Hisar) (down 1.83 per cent), Coal India (down 1.34

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Share market update: PSU Bank shares dip; Central Bank slumps 5%
NEW DELHI: Shares of PSU banks were trading with losses in Thursday's morning session.

Shares of Central Bank of India (down 5.26 per cent), Allahabad Bank (down 2.22 per cent), Punjab National Bank (down 1.58 per cent) and Union Bank of India (down 1.47 per cent) were the top losers in the index.

Canara Bank (down 1.29 per cent), Indian Bank

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ICICI Prudential Asset Management, the country’s second-largest money manager by assets, was busy all through April lapping up beaten down stocks, when the BSE benchmark Sensex advanced around 1 per cent.

The fund house increased exposure to select stocks such as Vodafone Idea, Lakshmi Vilas Bank, Avanti Feeds, Bharat Electronics and NBCC, that

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Share market update: FMCG shares trade lower; United Spirits down 1%
NEW DELHI: FMCG shares were trading with losses in Thursday's morning session.

Shares of United Spirits (down 1.53 per cent), Godrej Industries (down 1.49 per cent), United Breweries (down 1.32 per cent) and Dabur India (down 1.07 per cent) were trading with losses.

ITC (down 0.99 per cent), Marico (down 0.93 per cent), ColgatePalmolive (India)

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Understanding the alpha and beta of mutual funds
To understand the effectiveness of one’s investments in markets there are a large number of variables. Simplistically speaking, tracking returns of a scheme is a variable which fairly gives an idea of whether one’s investments have been profitable or unprofitable. But does return of a scheme provide certain nuances which can capture the advantages
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Nippon Life eyes RCap stake in AMC JV; Reliance Nippon, RCap rally up to 7%
NEW DELHI: Shares of Reliance Nippon Life Asset Management jumped 7 per cent in morning trade on Friday, while those of Reliance Capital 8 per cent, after a media reports suggested Nippon Life is likely to acquire additional stake in the company from partner Reliance Capital.

As per reports Nippon Life will acquire a majority of Reliance Capital’s

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Hindalco Q4 results today: Here's what brokerages say
NEW DELHI: Investors would keep an eye on foreign exchange rate impact at Novelis and aluminium margins when Hindalco Industries reports March quarter earnings later on Thursday.

On a standalone basis, Edelweiss Securities expects the firm to report a 19.7 per cent YoY drop in profit at Rs 315 crore, while standalone revenue of the firm is

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Share market update: Auto shares mixed; Eicher Motors down 2%
NEW DELHI: Auto shares were trading on a mixed note in Thursday's morning session.

Shares of Tata Motors (up 2.92 per cent), Motherson Sumi Systems (up 1.27 per cent), Hero MotoCorp (up 0.79 per cent) and Bajaj Auto (up 0.39 per cent) were the top performers in the index.

Eicher Motors (down 2 per cent), Apollo Tyres (down 1.41 per cent), Bharat

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Share market update: 13 stocks hit 52-week highs on NSE
NEW DELHI: Around 13 stocks rose to touch their 52-week highs on NSE in Friday's session.

Among the stocks that touched their 52-week highs were Aavas Financiers, Antarctica, Atul, Bajaj Finserv, Bajaj Finance, DCM Shriram, Kotak Mahindra Bank, Merck, Paisalo Digital, Transwarranty Finance, Titan Company and UPL.

Benchmark NSE Nifty index was

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Hindalco Q4 results today: Here's what brokerages say
NEW DELHI: Investors would keep an eye on foreign exchange rate impact at Novelis and aluminium margins when Hindalco Industries reports March quarter earnings later on Thursday.

On a standalone basis, Edelweiss Securities expects the firm to report a 19.7 per cent YoY drop in profit at Rs 315 crore, while standalone revenue of the firm is

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Share market update: Bank shares rise; ICICI Bank, HDFC Bank among top gainers
NEW DELHI: Bank shares were trading with gains in Wednesday's morning session.

Shares of IDFC First Bank (up 0.72 per cent), ICICI Bank (up 0.70 per cent), Kotak Mahindra Bank (up 0.67 per cent) and HDFC Bank (up 0.61 per cent) were trading with gains.

IndusInd Bank (up 0.52 per cent), RBL Bank (up 0.38 per cent), Axis Bank (up 0.36 per cent) and

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Share market update: Realty shares gain; Prestige Estates jumps 3%
NEW DELHI: Realty shares were trading in the positive zone in Friday's morning session.

Shares of Prestige Estates Projects (up 3.29 per cent), Godrej Properties (up 2.00 per cent), Brigade Enterprises (up 1.77 per cent) and Sobha (up 1.17 per cent) were the top gainers in the index.

Indiabulls Real Estate (up 0.88 per cent), Mahindra Lifespace

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A bad incentive system is a bane to savers and investors
Last week, I wrote about the annual Buffett and Munger show from Omaha, Nebraska. However, as one would expect in a six-hour Q-A from the two, that was hardly enough to cover the stream of wisdom and fascinating observations found at the event. One part I found relevant to the state of financial products in India was Buffett talking about the
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Share market update: FMCG shares trade lower; P G down 1%
NEW DELHI: FMCG shares were trading with losses in Wednesday's morning session.

Shares of Procter - Gamble Hygiene - Healthcare (down 0.95 per cent), Godrej Industries (down 0.88 per cent), Dabur India (down 0.87 per cent) and United Spirits (down 0.86 per cent) were the worst performers in the index.

Britannia Industries (down 0.65 per

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Share market update: Nifty Pharma index down; Aurobindo Pharma slumps 6%
NEW DELHI: Pharma shares were down in Friday's morning session with their sectoral index trading lower.

Shares of Aurobindo Pharma (down 6 per cent), Cadila Healthcare (down 3.57 per cent), Lupin (down 2.40 per cent) and Biocon (down 1.23 per cent) were the top losers in the index.

Sun Pharmaceutical Industries (down 1.19 per cent), Dr. Reddy's

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Tata Chemicals, TGBL shares jump up to 8% on food business merger
NEW DELHI: Shares of Tata Chemicals (TCL) and Tata Global Beverages (TGBL) jumped up to 8 per cent in early trade on Thursday after Tata Group announced the merger of the branded food business of Tata Chemicals and Tata Global Beverages.

With an intent to put in place a consolidated platform for its consumer business and become a leader in the

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Zee Media share price: Zee Media slumps after downbeat March-quarter revenue - The TheIndianSubcontinent

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Zee Media reported March-quarter

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Share market update: IT shares mixed; Infosys dips over 1%
NEW DELHI: IT shares were trading on a mixed in Friday's morning session.

Shares of Wipro (up 0.77 per cent), Tata Elxsi (up 0.55 per cent), Infibeam Avenues (up 0.35 per cent) and Tata Consultancy Services (up 0.33 per cent) were the top gainers in the index.

Infosys (down 1.21 per cent), Tech Mahindra (down 0.70 per cent), NIIT Technologies

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Share market update: Nifty Pharma index down; Sun Pharma plunges 7%
NEW DELHI: Pharma shares were down in Thursday's morning session with their sectoral index trading lower.

Shares of Sun Pharmaceutical Industries (down 6.91 per cent), Lupin (down 5.08 per cent), Cadila Healthcare (down 4.65 per cent) and Piramal Enterprises (down 4.48 per cent) were the top losers in the index.

Glenmark Pharmaceuticals (down

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Share market update: Metal shares up; Tata Steel rises over 2%
NEW DELHI: Most metal shares were trading in the positive zone in Wednesday's morning session.

Shares of Tata Steel (up 2.13 per cent), Hindustan Copper (up 1.94 per cent), Steel Authority of India (SAIL) (up 1.57 per cent) and National Aluminium Company (up 1.33 per cent) were the top gainers in the index.

MOIL (up 1.28 per cent), Vedanta (up

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Sensex jumps 200 points, Nifty reclaims 11,300; YES Bank jumps 6%
NEW DELHI: Domestic markets kicked off Friday's session on a firm note, tracking positive cues from Asian markets and overnight gains in US stocks.

Asian shares traded mildly higher as upbeat US economic news and solid company earnings offered a respite from the interminable Sino-US trade saga, Reuters reported. Japan's Nikkei bounced 0.7 per

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Share market update: IT shares gain; Wipro rises over 1%
NEW DELHI: IT shares were trading in the positive zone in Thursday's morning session.

Shares of Wipro (up 1.31 per cent), Infosys (up 1.28 per cent) and Infibeam Avenues (up 0.82 per cent) HCL Technologies (up 0.68 per cent) were the top gainers in the index.

Tata Consultancy Services (up 0.46 per cent), Mindtree (up 0.28 per cent) and NIIT

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Sebi asks FHL to recover Rs 403 cr from Singh brothers, company tells HC
Fortis Healthcare Ltd (FHL) informed the Delhi High Court that Sebi has asked it to to recover Rs 403 crore from former Ranbaxy Laboratories Ltd promoters Malvinder and Shivinder Singh, who allegedly diverted funds of FHL and its subsidiary Fortis Hospital Ltd. FHL made the submission in a recent affidavit filed in an ongoing case by Japanese
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