StockMarket

Nestle rises 3% as brokerages stay positive post March quarter numbers
NEW DELHI: Shares of Nestle India climbed nearly 3 per cent in morning trade on Wednesday, a day after the company reported a 9.25 per cent rise in profit at Rs 463.28 crore for the first quarter ended March 31, 2019.

Nestle follows January-December financial year.

Total income in the quarter stood at Rs 3,076.14 crore. It was Rs 2,813.6 crore in

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Hold Canara Bank, target Rs 265: Reliance Securities
Reliance Securities has given a hold recommendation on Canara Bank with a target price of Rs 265.

Shares of Canara Bank traded at Rs 245.8 around 1:10 pm on 14 May, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.

March quarter highlights:

  • The brokerage said Canara Bank reported an in-line set of March quarter
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Jet Airways extends slide, plunges 12%
NEW DELHI: Shares of Jet Airways plunged over 12 per cent in Tuesday's session after it said its Deputy Chief Executive and Chief Financial Officer (CFO) Amit Agarwal has resigned due to personal reasons.

"We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has resigned from service due to personal

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YES Bank at over 5 month low; technicals suggest more downside
Shares of YES Bank fell as much as 4.8 per cent to Rs 148.30, its lowest since November 29, 2018.

The stock broke below support at Rs 157.40, the 50 per cent Fibonacci projection level of the downtrend from August 20, 2018, high to November 29, 2018 low (wave A).

This breakdown suggests the stock may test a support at Rs 127.05 in the near term,

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MSCI rejig may lead to $1 billion FII outflow from India
MSCI on Monday announced an increase in weightage of China A shares in the MSCI Emerging Markets index. It also decided to add MSCI Saudi Arabia and MSCI Argentina indices to the Emerging Markets gauge. The moves may potentially lead to an outflow of around $1 billion FII money from Indian markets.

In addition to this, the global index provider

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FIIs find India best place to hide from trade tensions, await clarity on polls
Foreign institutional investors (FIIs) are on the sidelines in wait and watch mode ahead of the crucial general election outcome next week and amid reports of slowdown in global economy and waning risk appetite due to the US-China trade war.

FIIs have invested a net of $147.88 million in Indian shares so far this month, after being net buyers to

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Share market update: 10 stocks hit 52-week highs on NSE
NEW DELHI: Around 10 stocks rose to touch their 52-week highs on NSE in Wednesday's session.

Among the stocks that touched their 52-week highs were Antarctica, Atul, DCB Bank, DCM Shriram, Merck, Paisalo Digital, SRF, Transwarranty Finance and Titan Company.

Benchmark NSE Nifty index was trading 54.85 points up at 11,276.90 while the BSE Sensex

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Investors brace portfolios for longer US-China trade war
NEW YORK: Investors are losing faith that a U.S.-China trade deal could happen soon and are bracing their portfolios for a more prolonged battle that could hamper global growth.

An escalation in recent days in the long-running trade dispute between the world's two biggest economies has stoked fears of a global economic slowdown, causing a sell-off

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Share market update: OMCs trade mixed; GAIL rises over 2%
NEW DELHI: Most OMCs were trading on a mixed note in Tuesday's session with their sectoral index on BSE trading higher.

Shares of GAIL (India) (up 2.53 per cent), Reliance Industries (up 1.00 per cent), Hindustan Petroleum Corporation (up 0.89 per cent) and Indraprastha Gas (up 0.86 per cent) were the top performers in the index.

Oil And Natural

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Share market update: Realty shares advance; Brigade Enterprises gains nearly 3%
NEW DELHI: Realty shares were trading with gains in Wednesday's morning session.

Shares of Brigade Enterprises (up 2.91 per cent), Godrej Properties (up 2.11 per cent) and Oberoi Realty (up 1.42 per cent) were trading with gains.

Mahindra Lifespace Developers (up 1.10 per cent) Sunteck Realty (up 0.65 per cent) and Sobha (up 0.41 per cent) too

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Buy Larsen Toubro, target Rs 1,732: Reliance Securities
Reliance Securities has given a buy recommendation on Larsen - Toubro (L-T) with a target price of Rs 1,732.

Shares of L-T traded at Rs 1,329.8 around 12:45 pm on 14 May, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.

March quarter highlights:

  • As per the brokerage, L-T's March quarter numbers
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Glenmark Pharma gets USFDA nod for acid reflux medication
glenmark pharma share price: Glenmark Pharma gets USFDA nod for acid reflux medication - The TheIndianSubcontinent

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Jet shares fall 7% as top executives exit
NEW DELHI: Shares of Jet Airways plunged almost 7 per cent in morning trade on Wednesday and looked on course to extend its losing streak into the third successive session.

Shares of the company have been falling in the wake of a series resignations by the company's top brass. CEO Vinay Dube, CFO Amit Agarwal and head of human resources Rahul

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Australia, NZ shares end lower as Sino-U.S. trade war intensifies
Australian shares closed at a one-month low on Tuesday, as investors abandoned equities for safe-haven assets due to escalating Sino-U.S. trade tensions.

China announced tariff increases on $60 billion of U.S. goods on Monday in retaliation for Washington imposing higher tariffs on $200 billion of imports from China on Friday.

After falling to

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Vodafone Share Prices: Vodafone Idea cracks 6% after CLSA slashes target price - The TheIndianSubcontinent

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CLSA said the company missed

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Share market update: Nifty Pharma index up; Aurobindo Pharma rises 2%
NEW DELHI: Pharma shares were up in Wednesday's morning session with their sectoral index trading higher.

Shares of Aurobindo Pharma (up 2.52 per cent) , Divi's Laboratories (up 1.75 per cent) , Glenmark Pharmaceuticals (up 1.53 per cent) and Dr. Reddy's Laboratories (up 1.08 per cent) were the top performers in the index.

Biocon (up 0.81 per

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JV breakup with Thyssenkrupp marginally credit negative for Tata Steel: S P
The collapse of Tata Steel's proposed joint venture with German conglomerate Thyssenkrupp is "marginally credit negative" for the Indian steel major, a global rating agency has said.

The steel major's Indian operation will largely be able to offset the impact of the collapse, it said.

"Tata Steel Ltd and Thyssenkrupp AG's decision to cease

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sensex: Top intraday trading ideas for afternoon trade for Tuesday 14 May 2019 - The TheIndianSubcontinent

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Wipro is a 'Sell' call with a

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DHFL declines over 4% on rating downgrades
NEW DELHI: Shares of Dewan Housing Finance Corporation (DHFL) cracked over 4 per cent in morning trade on Wednesday after the rating agency Icra downgraded the company's payouts or pass through certificates (PTCs).

Icra downgraded the PTCs issued under six mortgage loan securitisation transactions by DHFL, a PTI report said.

The rating of these

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Nikkei hits 3-month low as intensifying trade war hurts sentiment
TOKYO: Japan's Nikkei stooped to a three-month low on Tuesday, as investor sentiment took a further hit after China defied Washington by announcing retaliatory tariffs, dragging most sectors into negative territory.

China said it would impose higher tariffs on $60 billion in U.S. goods despite President Donald Trump's warnings not to retaliate

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Share market update: BSE Power index flat; Adani Power jumps 5%
NEW DELHI: The S-P BSE Power index was flat with most of its components trading mixed in Tuesday's session.

Shares of Adani Power (up 5.20 per cent), Bharat Heavy Electricals (up 4.84 per cent), CG Power and Industrial Solutions (up 3.26 per cent), and Reliance Infrastructure (up 3.23 per cent) were the top gainers in the index.

Torrent Power

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Share market update: IT shares gain; Infibeam Avenues jumps 4%
NEW DELHI: IT shares were trading in the positive zone in Wednesday's morning session.

Shares of Infibeam Avenues (up 4.42 per cent), Tata Elxsi (up 2.21 per cent), Tech Mahindra (up 0.84 per cent) and Infosys (up 0.73 per cent) were the top gainers in the index.

Tata Consultancy Services (up 0.71 per cent), Mindtree (up 0.63 per cent), HCL

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Share market update: Media shares trade lower; Den Networks plunges nearly 7%
NEW DELHI: Media shares were trading in the negative zone in Tuesday's afternoon session.

Shares of Den Networks (down 6.82 per cent), Hathway Cable - Datacom (down 4.33 per cent), Dish TV India (down 3.70 per cent) and Eros International Media (down 3.11 per cent) were the worst performers in the index.

DB Corp (down 2.27 per cent), TV Today

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GST ghost returns to haunt ITC; should you buy on dips
NEW DELHI: If its venerated Chairman YC Deveshwar’s demise was an emotional setback for ITC, it now has the GST ghost after it.

ITC shares fell nearly 3 per cent on Monday even after the company delivered an 18.73 per cent year-on-year (YoY) rise in March quarter profit in line with Street estimates.

Turns out, investors and analysts have started

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Share market update: PSU Bank shares dip; Union Bank slumps 7%
NEW DELHI: Shares of PSU banks were trading with losses in Wednesday's morning session.

Shares of Union Bank of India (down 7.31 per cent), Oriental Bank of Commerce (down 2.23 per cent), Bank of India (down 0.97 per cent) and Canara Bank (down 0.95 per cent) were trading lower.

Syndicate Bank (down 0.88 per cent), Bank of Baroda (down 0.77 per

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Share market update: BSE Capital Goods index up; BHEL climbs over 5%
NEW DELHI: The S-P BSE Capital Goods index was up in Tuesday's afternoon session.

Shares of Bharat Heavy Electricals (up 5.43 per cent), CG Power and Industrial Solutions (up 4.40 per cent), Bharat Electronics (up 2.01 per cent) and NBCC (India) (up 1.90 per cent) were the top gainers in the index.

Graphite India (down 4.76 per cent), GE

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Share market update: Bank shares advance; BoB, PNB among top gainers
NEW DELHI: Bank shares were trading with gains in Tuesday's morning session.

Shares of Bank of Baroda (up 3.21 per cent), Punjab National Bank (up 2.38 per cent), Federal Bank (up 2.23 per cent) and ICICI Bank (up 1.55 per cent) were the top performers in the index.

IndusInd Bank (up 1.43 per cent), State Bank of India (up 0.49 per cent) and YES

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Sensex rises 100 points, Nifty tops 11,250 on easing trade woes
NEW DELHI: Domestic markets took heart from gains in US stocks in overnight trade, extending their gains to Wednesday's session. Improving global sentiment and renewed hopes of a trade deal lent some confidence to investors on Dalal Street.

US President Donald Trump insisted on Tuesday that trade talks with China have not collapsed and called the

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Share market update: Consumer Durables shares mixed; Symphony slips over 4%
NEW DELHI: The S-P BSE Consumer Durables index was down in Tuesday's afternoon session with most of its components trading on a mixed note.

Shares of Blue Star (up 2.90 per cent), Rajesh Exports (up 2.19 per cent), Whirlpool of India (up 0.37 per cent) and VIP Industries (up 0.26 per cent) were trading in the green.

Symphony (down 4.52 per

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Mumbai: What’s causing deposit growth rates to slow Mutual funds Gold Property None of these, says a central bank research paper. Rather, deposits quicken when incomes rise fast — and the latter is often aided by a robust economy.

Household savings data show that there is a shift from bank deposits to stocks and mutual fund schemes, where

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