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Co-location scam jigsaw and how Sebi cracked the code
What is co-locationCo-location allow brokers to operate closer to their servers upon payment of additional fees. It helps brokers secure advantage over others due to proximity to exchange servers as data transmission takes less time. Orders reach exchange servers faster than those who have not availed of the facility

What is the scamA

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Share market update: 9 stocks hit 52-week highs on NSE
NEW DELHI: Around 9 stocks rose to touch their 52-week highs on NSE in Tuesday's session.

Among the stocks that touched their 52-week highs were ATN International, Aurobindo Pharma, Balaxi Ventures and Brightcom Group.

Garden Reach Shipbuilders, Bank of Maharashtra, SRF and Wipro also featured among the stocks that touched their 52-week highs on

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Banking, IT, energy and metals are expected to outperform
By Nagaraj Shetti Technical Research Analyst, HDFC SecuritiesWhere are We The current chart pattern indicates further upside potential for the next few sessions, but there is a possibility of emergence of selling interest from near the highs of 11,850-11,900 levels in the next 1-2 weeks. Daily 14 period RSI is currently placed around the hurdle
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MUMBAI: Shares of several nonbanking finance companies (NBFCs) slumped 5-10 per cent over ratings downgrades of two Reliance Group firms’ debt instruments because of fears that this will have a cascading effect, tightening the liquidity squeeze in the sector, analysts said. While mutual funds have been selective about funding NBFCs after the I
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DLF, Godrej, Blackstone and 2 others in race for IB Realty: Sources
NEW DELHI: Indiabulls promoters are looking to sell their stake in Indiabulls Real Estate, either fully or partly or sell the assets piecemeal. The firm has hired EY for the same, ETNOW learnt from sources.

The promoters have sought a 100 per cent premium to the current market price and indicated an asking price of Rs 250 per share, sources said.

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Debt mutual fund investors could be looking at losses, again
Investors in some debt and hybrid mutual funds are staring at losses after rating agency CARE cut its ratings on Reliance Home Finance’s long-term debt programme of Rs 4,979 crore and long-term bank facilities and nonconvertible debentures worth Rs 12,700 crore to default.

Three mutual fund houses including Reliance Nippon Asset Management, SBI

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NSE barred from accessing securities market for 6 months
MUMBAI: The Securities and Exchange Board of India (Sebi) directed the National Stock Exchange (NSE) to pay Rs 687 crore and barred it from accessing the securities market for six months following investigations into the colocation of servers that gave an unfair advantage to some traders. The regulator also banned former NSE chief executives Ravi
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Share market update: Realty shares slip; Indiabulls Real Estate plunges 10%
NEW DELHI: Realty shares were trading in the negative zone in Tuesday's morning session.

Shares of Indiabulls Real Estate (down 9.88 per cent), Brigade Enterprises (down 4.19 per cent), DLF (down 3.27 per cent) and Prestige Estates Projects (down 2.77 per cent) were trading in the red.

Phoenix Mills (down 2.20 per cent), Oberoi Realty (down 2.04

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Avoid fresh longs until a decisive move above key resistance
By Vishal B Malkan Founder, MalkansviewThere is a possibility of broader sideways movement for the Nifty between 11,900 and 11,550 levels over the next 3-4 weeks, before showing any decisive breakout on either side, according to technical analysts. Wipro, HCL Tech and Tech Mahindra look promising for upsides of 15-20 per cent from their current
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SC sets aside NSEL merger with 63 Moons
MUMBAI: The Supreme Court on Tuesday set aside a Bombay High Court ruling that had approved a government move to merge the scam-hit National Spot Exchange Ltd (NSEL) with its parent company 63 Moons, giving relief to the latter that would have been saddled with the mothballed trading platform’s liabilities had the apex court agreed to the m
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Share market update: Nifty Pharma index down; Piramal slips 3%
NEW DELHI: Pharma shares were trading lower in Tuesday's morning session with their sectoral index trading lower.

Shares of Piramal Enterprises (down 3.48 per cent), Sun Pharmaceutical Industries (down 3.06 per cent), Biocon (down 2.19 per cent) and Cadila Healthcare (down 1.07 per cent) were trading with losses.

Cipla (down 0.70 per cent), Lupin

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Hero facing headwinds may not speed up enough to suit investors
ET Intelligence Group: Hero MotoCorp appears no longer an investment script sticking to the tagline in its 20th century joint-venture avatar: Fill it, Shut it, Forget it.

The biggest beneficiary of India’s switch in consumer preference from scooters to bikes over the past two decades is now at a crossroads, and analysts are unsure whether the

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Chris Wood may leave CLSA in latest high-level exit
Christopher Wood, chief strategist at Asian securities house CLSA, is planning to leave after almost two decades, Bloomberg reported.

The departure of Wood, well-known for his ‘Greed and Fear’ newsletter, if it happens, would follow the exit of Chief Executive Jonathan Slone last month and that of CLSA Chairman Tang Zhenyi in February.

The Hong

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YES Bank plunges 30% as brokerages downgrade stock post Q4 loss
NEW DELHI: Shares of YES Bank lurched sharply lower- suffering a massive loss of 30 per cent on NSE- in morning trade on Tuesday after it disappointed the Street with its March quarter numbers.

The private lender on Friday reported a maiden loss of Rs 1,506.64 crore for the quarter ended March 31 on a spike in provisions and contingencies. This

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Asian shares rise on strong US GDP, eyes on Fed, China
SHANGHAI: Asian stock markets edged up on Monday after surprising strong US first-quarter economic growth boosted the S-P 500 index to a record high, but gains were capped by caution over less upbeat aspects in the GDP report which pointed to some weakening ahead.

Investors were also awaiting a meeting of the US Federal Reserve this week and

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Share market update: Bank shares down; YES Bank tanks 26%
NEW DELHI: Bank shares were trading with losses in Tuesday's morning session.

Shares of YES Bank (down 26.03 per cent) , IndusInd Bank (down 5.76 per cent) , Bank of Baroda (down 5.52 per cent) and Punjab National Bank (down 3.63 per cent) were trading lower.

IDFC First Bank (down 3.18 per cent) , Federal Bank (down 2.14 per cent) and State Bank

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Share market update: PSU Bank shares dip; BoB slumps nearly 6%
NEW DELHI: Shares of PSU banks were trading with losses in Tuesday's morning session.

Shares of Bank of Baroda (down 5.84 per cent) , Bank of India (down 4.33 per cent) , Union Bank of India (down 4.26 per cent) and Jammu - Kashmir Bank (down 4.05 per cent) were the worst performers in the index.

Punjab National Bank (down 3.91 per cent) ,

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Brokerages trimmed target prices on Hero MotoCorp by as much as 8 per cent after the company reported a 24.5 per cent decline in profit for the March quarter at Rs 730 crore.

Shares of Hero MotoCorp ended down 0.5 per cent ahead of result announcement on Friday.

CLSA cut the target price by 1 per cent to Rs 2,375 mkay Global cut target price by 4

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Import of kernels under the guise of cattle feed hits cashew industry
Mounting import of cashew kernels in the guise of cattle feed to circumvent the duty has hit the cashew industry buoyed up by the increasing local consumption in the wake of declining export. Cashew processors and exporters say the prices of cashew kernels have fallen by 20-30 per cent due to the rise in imports. “Most of such cashew kernels are c
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Sensex drops 150 points, Nifty tests 11,700; YES Bank plunges 26%
NEW DELHI: A fall of over 26 per cent in YES Bank stock on account of maiden quarterly loss and double-downgrade by Macquarie Capital Securities single-handedly knocked over 100 points off Sensex in Tuesday's morning trade. Losses in IndusInd Bank, RIL, Maruti and SBI added to Sensex's decline.

Asian shares too remained subdued, despite another

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Shares of YES Bank may tumble by as much as 10 per cent on Tuesday after the lender reported its first ever quarterly loss for the three months ended March. The loss was amplified by provisions against bad loans to an infrastructure conglomerate and an airline as the lender's first non-founder chief executive Ravneet Gill began a clean-up act.

The

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Share market update: FMCG shares mixed; Jubilant Foodworks down 1%
NEW DELHI: FMCG shares were trading mixed in Tuesday's morning session.

Shares of Marico (up 1.64 per cent), Dabur India (up 1.23 per cent), GlaxoSmithKline Consumer Healthcare (up 0.75 per cent) and Hindustan Unilever (up 0.58 per cent) were the top gainers in the index.

Jubilant Foodworks (down 1.62 per cent), Britannia Industries (down 1.24 per

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Share market update: Auto shares in the red; MSI dips 2%
NEW DELHI: Auto shares were trading in the red in Tuesday's morning session.

Shares of Maruti Suzuki India (down 2.29 per cent), Hero MotoCorp (down 2 per cent), Mahindra - Mahindra (down 1.78 per cent) and Tata Motors (down 1.74 per cent) were the top losers in the index.

Motherson Sumi Systems (down 1.42 per cent), Ashok Leyland (down 1.36

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Why India can&t be the next China, and shouldn&t try
By Ruchir SharmaWhen Narendra Modi became prime minister in 2014 one hope was that he would do for India what he had done as chief minister in the state of Gujarat: build a fast-growing economy like China’s, with an efficient bureaucracy and advanced factories attracting billions in investment from multinational corporations.

Five years later,

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HCL Tech, SBI, HDFC Bank, UltraTech among 11 stocks that analysts say can deliver good gains in 2-3 weeks
NEW DELHI: Domestic equity benchmarks opened in the red on Tuesday, mirroring bearish sentiment in major Asian markets.

A lacklustre Chinese manufacturing data spooked investor sentiment, adding to the cautiousness as participants awaited the US Fed’s policy decision for clues on the US economy and the US central bank’s future rate trajectory.

A

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YES Bank, RPower among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 141.08 points down at 38,926.25 on account of selling in frontline bluechip counters.

Shares of YES Bank (down 24.35 per cent), Shetron (down 18.59 per cent), Shri Keshav Cement (down 16.76 per cent), Reliance Home Finance (down 14.49 per cent), Diksha Greens (down 13.73 per cent),

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A seemingly innocuous clause in the new, tighter insider trading regulations that took effect on April 1 is giving Indian companies a hard time in the ongoing earnings season. The Securities and Exchange Board of India (Sebi) has extended the period during which management and promoters aren’t allowed to trade in their company’s shares before ear
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Share market update: Metal shares decline; SAIL, JSPL among top losers
NEW DELHI: Most metal shares were trading in the negative zone in Tuesday's morning session.

Shares of Jindal Stainless (Hisar) (down 3.74 per cent), Hindustan Copper (down 2.93 per cent), Steel Authority of India (SAIL) (down 2.91 per cent) and Jindal Steel - Power (down 2.83 per cent) were trading lower.

Vedanta (down 2.53 per cent),

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Focus your exposure on fewer and resilient stocks
By Vipin Khare Director- Research, William O’Neil IndiaWhere are We This week, the market saw important earnings releases, helping investors gauge operational situations in various sectors. The Nifty breached its 21-DMA during the week, after a strong run of more than 30 day’s trading above it. Although this is considered as a weak technical s
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Yes to bank on CEO‘best practices& philosophy
Mumbai: A whole new philosophy would determine the way Yes Bank functions under the new chief executive Ravneet Gill starting with the way it accounts for fees received, provides for dubious loans and interprets regulations.

In a presentation to analysts after the bank posted its first-ever loss on Friday, Gill shared his thoughts on the way

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