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They said that as government entities keeping the

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In previous parts, we have explained how price and volume charts are plotted. If you closely watch these charts for a reasonable period of time, you can spot several patterns. For example, you may notice that a share’s price refuses to fall further and bounces back from a specific level. Similarly, a stock may find it difficult to cross a certain p
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By Ronojoy MazumdarIndia’s biggest investors in shadow bank debt are getting cold feet, spelling more trouble for the hard-hit sector.

Mutual fund investments in commercial paper and bonds that mature within 90 days dropped to 3.24 trillion rupees ($46.4 billion) at the end of March, the lowest in six quarters, data from the securities regulator

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KOLKATA: Vodafone Group Plc is likely to free up its pledged stake in Vodafone Idea by selling shares in the entity to be formed by the merger of Indus Towers and Bharti Infratel, which is expected to conclude by June, people familiar with the matter said.

“Vodafone Group’s decision to pledge 44.39% was a stop-gap move to raise the Rs 11,000 crore

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Share market update: Realty shares up; Oberoi Realty climbs over 3%
NEW DELHI: Realty shares were trading higher in Friday's morning session.

Shares of Oberoi Realty (up 3.20 per cent), Indiabulls Real Estate (up 2.21 per cent) and Brigade Enterprises (up 2.04 per cent) were the top performers in the index.

Godrej Properties (up 1.09 per cent), DLF (up 1.01 per cent) and Prestige Estates Projects (up 0.68 per

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Zee jumps 5% on clarification over financial statements
NEW DELHI: Shares of Zee Entertainment surged over 5 per cent in Thursday's trade after the company denied rumours that raised concerns over the audit of its financial statements.

In a filing to BSE, the media firm said that the audit of the stand-alone and cosolidated financial statements for FY19 was in progress by Deloitte Haskins - Sells,

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MUMBAI: Setting a precedent, the bankruptcy court has allowed Finquest Financial Solutions, one of the lenders of defunct the Reid - Taylor India (RTIL), to take symbolic possession of the properties of the textile maker and proceed with the sale of its assets.

On Friday, the Mumbai bench of the National Company Law Tribunal (NCLT) allowed the

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Sensex, Nifty give up gains as US hikes tariffs on Chinese goods
NEW DELHI: Indian domestic indices soon took a turn for the worse, after opening mildly higher in morning trade on Friday, after US hiked tariffs on Chinese goods.

Other Asian markets traded mixed after the tariff hike. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent, led by gains in Chinese shares. China markets

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Share market update: 6 stocks hit 52-week highs on NSE
NEW DELHI: Around 6 stocks rose to touch their 52-week highs on NSE in Thursday's session.

Among the stocks that touched their 52-week highs were 63 moons technologies, Balaxi Ventures, DB (International) Stock Brokers, DCM Shriram, Neogen Chemicals and One Point One Solutions.

Benchmark NSE Nifty index was trading 23.30 points down at 11,336.15

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Uber fizzles in Wall Street debut, opens below $45 IPO price
Uber Technologies Inc's shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated initial public offering of the year as other high-profile startups such as Slack and WeWork look to go public.

The fall in shares undermined Uber's strategy of pricing its oversubscribed IPO conservatively at $45 per share to

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Share market update: Nifty Pharma index down; Lupin dips 1%
NEW DELHI: Pharma shares were trading mixed in Friday's morning session with their sectoral index trading lower.

The Nifty Pharma index was trading 0.39 per cent down at 8942.15 around 10:09 am.

Shares of Biocon (up 1.29 per cent), Glenmark Pharmaceuticals (up 0.59 per cent), Divi's Laboratories (up 0.22 per cent) and Cadila Healthcare (up 0.07

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Share market update: Realty shares mixed; Indiabulls Real Estate jumps 5%
NEW DELHI: Realty shares were trading on a mixed note in Thursday's morning session.

Shares of Indiabulls Real Estate (up 5.10 per cent), Brigade Enterprises (up 2.28 per cent), Oberoi Realty (up 0.73 per cent) and Godrej Properties (up 0.22 per cent) were trading higher.

Sunteck Realty (down 2.02 per cent), Phoenix Mills (down 1.34 per cent),

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L T guides for 12-15% FY20 revenue growth: Key Q4 takeaways
Larsen - Toubro’s (L-T) March quarter earnings came in line with market expectations as the infra major reported a 7.91 per cent year-on-year rise in profit at Rs 3,418.24 crore. Analysts in an ET NOW poll had projected a profit of Rs 3,414 crore.

Here are the top key takeaways from L-T's fourth quarter earnings:Updates on Mindtree: L-

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Share market update: PSU Bank shares gain; J K Bank jumps over 5%
NEW DELHI: Shares of PSU banks were trading with gains in Friday's morning session.

Shares of Jammu - Kashmir Bank (up 5.66 per cent), Canara Bank (up 1.17 per cent), Union Bank of India (up 1.03 per cent) and Central Bank of India (up 0.88 per cent) were the top performers in the index.

Oriental Bank of Commerce (up 0.87 per cent), Bank of

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Lyft shares hit record low, piling pressure on Uber ahead of IPO
SAN FRANCISCO: Lyft Inc's stock slumped nearly 11 per cent on Wednesday to a record low after the ride-hailing company posted a deep quarterly loss, putting pressure on Uber Technologies Inc as it prepares to price its initial public offering.

Lyft lost $1.1 billion for the March quarter, the company said on Tuesday, although analysts applauded

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Emerging market traders brace for pain as US hikes tariffs
By Julia Leite, Justin Villamil and Yumi TesoWith the U.S. increasing tariffs on Chinese goods Friday, emerging-market investors are bracing for more volatility after a week that’s sent shock waves through risk assets.

Tariffs on more than $200 billion in Chinese goods rose to 25% from 10% as of midnight New York time on Thursday. The move came

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Share market update: Auto shares mixed; TVS Motor down nearly 1%
NEW DELHI: Auto shares were trading on a mixed note in Friday's morning session.

Shares of Amara Raja Batteries (up 0.68 per cent), Motherson Sumi Systems (up 0.58 per cent), Exide Industries (up 0.50 per cent) and Ashok Leyland (up 0.35 per cent) were the top gainers in the index.

TVS Motor Company (down 0.80 per cent), MRF (down 0.42 per cent),

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Share market update: Nifty Pharma index down; Biocon dips over 2%
NEW DELHI: Pharma shares were trading lower in Thursday's morning session with their sectoral index trading lower.

Shares of Biocon (down 2.55 per cent), Dr. Reddy's Laboratories (down 1.54 per cent), Cipla (down 1.47 per cent) and Divi's Laboratories (down 1.23 per cent) were the top losers in the index.

Piramal Enterprises (down 1.05 per cent),

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Share market update: Metal shares advance; Welspun Corp rises over 2%
NEW DELHI: Most metal shares were trading in the positive zone in Friday's morning session.

Shares of Welspun Corp (up 2.53 per cent), Jindal Steel - Power (up 0.80 per cent), NMDC (up 0.74 per cent) and National Aluminium Company (up 0.70 per cent) were trading in the green.

Steel Authority of India (SAIL) (up 0.58 per cent), Jindal

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Titan expects 20% growth despite slowdown in jewellery industry
ET Intelligence Group: Bucking the trend in the midst of a slowdown in Indian consumption, Titan maintained a growth guidance of 20 per cent for the current fiscal. India’s largest jeweller said last fiscal was not so good, but things have started to change from the beginning of the current fiscal, said the company management in a call with the
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As TER gets into the act, mutual fund expense ratios begin to fall
It has been over a month since India’s mutual funds industry switched to a new formula of Total Expense Ratio (TER) slab structure. Last year, market regulator Sebi amended the TER slab structure which reduced mutual funds’ fund management costs. Investors would have noticed this change in the factsheet of the fund houses from May. So, what e
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US hikes tariffs on Chinese goods, China says to strike back
WASHINGTON/BEIJING: US President Donald Trump's tariff increase to 25 per cent on $200 billion worth of Chinese goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a trade deal.

China's Commerce Ministry said it "deeply regrets" the US decision, adding

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Lancor Holdings, Vamshi Rubber among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 16.81 points up at 37,575.72 on Friday on account of buying in frontline bluechip counters.

Shares of Colorchips New Media (down 10.94 per cent), Lancor Holdings (down 10.53 per cent), Vamshi Rubber (down 9.85 per cent), Oswal Green Tech (down 9.62 per cent), Uday Jewellery Industries

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

Shares of Infibeam Avenues (up 1.42 per cent), Infosys (up 1.13 per cent), Tata Elxsi (up 0.82 per cent) and Tech Mahindra (up 0.76 per cent) were the top performers in the index.

Tata Consultancy Services (up 0.73 per cent), Wipro (up 0.48 per cent) and Oracle

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NEW DELHI: Shares of HCL Technologies declined over 4 per cent in morning trade on Friday, a day after the company posted 15.30 per cent year-on-year (YoY) rise in profit at Rs 2,568 crore for the quarter ended March 31.

Consolidated Ebitda jumped 18.50 per cent YoY to Rs 3,036 crore in Q4FY19. On the other hand, the figure slipped 1.40 per cent

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ET Intelligence Group: The stock of tyre maker CEAT has underperformed the benchmark Sensex by 7 per cent in the past three months following demand slack.

The trend is likely to continue in the near term given the rising competitive intensity in the two-wheelers tyre market and muted outlook for passenger car and truck demand in the current

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Share market update: PSU Bank shares gain; BoB rises 1%
NEW DELHI: Shares of PSU banks were trading with gains in Thursday's morning session.

Shares of Bank of Baroda (up 0.95 per cent), Canara Bank (up 0.76 per cent), Central Bank of India (up 0.72 per cent) and State Bank of India (up 0.65 per cent) were the top gainers in the index.

Bank of India (up 0.60 per cent), Punjab National Bank (up 0.54

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Share market update: IT shares mixed; HCL Tech slips over 4%
NEW DELHI: IT shares were trading on a mixed note in Friday's morning session.

Shares of Infibeam Avenues (up 1.41 per cent), NIIT Technologies (up 0.72 per cent), Tata Elxsi (up 0.67 per cent) and Tata Consultancy Services (up 0.23 per cent) were trading with gains.

HCL Technologies (down 4.32 per cent), Oracle Financial Services Software (down

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Buy Zensar Technologies, target Rs 307: Chola Securities
Cholamandalam Securities has given a buy recommendation on Zensar Technologies with a target price of Rs 307.

Shares of Zensar Technologies closed at Rs 246.45 on 9 May, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.

March quarter highlights:

  • In Q4FY19, Zensar consolidated revenue grew by 2.1 per cent
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NEW DELHI: Indian indices opened lower on Thursday, tracking somber mood in other Asian peers, as escalating trade melee between two of the world's biggest economies coupled with uncertainty surrounding election outcome dampened mood back home.

President Donald Trump on Wednesday accused China of breaking the deal and warned that it would face

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