StockMarket

By DK AggarwalThe stock market fluctuates to the flow of news related to not just the economy, but also politics and other events.

Master In India, the general elections decide what is in store on the political front for the next five years and foreign players generally prefer to invest in economies that have stable governments with strong policies with

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Anil Kumar Goel, LIC reap golden harvest in sugar stocks; but D-Street cagey
NEW DELHI: Value investor Anil Kumar Goel’s love for sugarstocks is by now well-known on Dalal Street. He went on a buying spree on this counter through all of last year much to the amazement of investors and traders.

Goel has just reaped a golden harvest.

A slew of government measures and projections of lower sugar production in Brazil have

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Investors in Indian pharma companies may have become tolerant of the patent law suits and FDA clampdowns, bu t there is a steadily emerging set of law suits – class action suits, anti-trust suits and whistle-blower suits – that threaten to exponentially increase the risk in investing in pharma stocks. Price collusion, pay-fordelay arrangements
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The week gone by remained quite eventful for the Indian equity market. The short three-session trading week saw the benchmark Nifty50 mark a fresh high and attempt a breakout. Along with that, it also saw Nifty not confirming this breakout and slipping once again below the all-important 11,760 mark. 1It was the third week in a row when the market
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Nikkei posts 3rd weekly gain, Nintendo surges 14%
TOKYO: Japan's Nikkei rose on Friday as investors snapped up cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.

The Nikkei share average ended 0.5 per cent higher at 22,200.56 points. For the week, the index rose 1.5 per cent to post its third straight week of gains.

Shares of Nintendo Co soared

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MUMBAI: Reliance Industries reported a 9.8% rise in quarterly net profit as the booming petrochemicals business along with the rapidly growing retail and digital ventures outweighed the impact of sharp contraction in global refining margins and higher finance cost.

Consolidated net profit for the March quarter rose to ₹10,362 crore while revenue r

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The week that was: Jet's hard landing, gold rush for PCJ Polycab listing
NEW DELHI: The truncated week gone by saw the benchmark equity indices rise about 1 per cent amid a strong start to the earnings season. The BSE Sensex climbed 373 points, or 0.96 per cent, to 39,140 over last week’s closing of 38,767. NSE barometer Nifty added 109 points, or 0.94 per cent, to 11,752.

Here are a few stocks that created all the

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HDFC Bank Q4 results: Strong profit growth, stable asset quality on the cards
NEW DELHI: India’s second largest private sector lender HDFC Bank will report its quarterly earnings on Saturday, where it is expected to log an above-average loan growth, a stable asset quality and 20-23 per cent year-on-year growth in profit.

Investors will be keenly tracking loan growth in agri portfolio. They may also track SME and retail

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MUMBAI: Investors investing money in equity mutual funds through systematic investment plans (SIPs) have earned an average return of 10.26% in the last five years since the Narendra Modi-led NDA government came to power. The study done by NJ Wealth is on the basis of average performance of 133 equity mutual funds in large-, mid- and small-cap
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US Fed should buy municipal bonds to fight the next recession
By Brian Chappatta

Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession strikes, what can the world’s central banks do With interest rates low and their balance sheets still loaded with assets bought to fight the 2008 crisis, do they have the tools to r

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MFs used March rally to realign holdings; so whatthe ‘in& thing this poll season
NEW DELHI: Mutual funds dumped PSU banks, specialty chemicals stocks, carbon black producers, housing finance companies and select drug makers, but loaded up on consumer-focused businesses, including FMCG and hospitality, during the March quarter as the nation geared up for the general elections.

These domestic institutional investors also bought

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Jet grounding sends stocks of leveraged companies crashing
MUMBAI: Shares of companies with high debt and hazy prospects bore the brunt of Jet Airways’ decision to suspend operations on Thursday.

Companies belonging to the debt laden Anil Ambani Group were the worst performers on the BSE Mid-Cap index, with Reliance Capital, Reliance Power, Reliance Infrastructure and Reliance Nippon Life Asset Management

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Chinese investors still hooked on stimulus
China’s equity investors aren’t quite ready to see Beijing scale back its efforts to support the economy.

Stocks started the week lower after improving data prompted traders to pare back their bets for additional stimulus. The Shanghai Composite Index rallied the next day after the central bank injected cash into the financial system, alleviating

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For several private equity firms, Japan offers more opportunities than China
Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity. For restructuring experts such as KKR - Co.LP, whose founders recently declared Japan the company’s “highest priority” outside the U.S., the smaller country offers much more attractive opp
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MUMBAI: Reliance Jio Infocomm reported a 65% jump in net profit for the January-March period, its sixth straight profitable quarter, boosted by strong user additions and data consumption.

Sequentially, net profit grew 1%, constrained by a continuing fall in average revenue per user (ARPU) and higher costs, which weighed on operating margins.

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The domestic equity market began the week in full zest and attained lifetime new highs, but participation from Dalal Street players was subdued considering the uncertainty over the election outcome. From a macro perspective, with a decline in US treasury yields, emerging markets started experiencing strong inflows from FIIs.

Right from February,

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MUM BAI: Overseas corporate fund flows are expected to buoy the Indian rupee, offsetting pressure from elevated crude prices for the next few weeks as dollar inflows from ArcelorMittal, Vodafone, Shriram Transport Finance to shore up their Indian operations, are likely to flood in.

An estimated $7-8 billion are likely to hit onshore in the next

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Stocks, forex, commodities markets closed on account of Good Friday
NEW DELHI: Stock and commodity exchanges, and forex and bond markets are closed on Friday on account of Good Friday. This is the second day this week (after Mahavir Jayanti on Wednesday) when financial markets are shut due to a public holiday.

Globally, stock markets across Hong Kong, Singapore, Australia, France, the UK, Germany, the US, Italy

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Regulatory sandbox should cover big companies, too: Fintech firms
MUMBAI: The Reserve Bank of India’s draft framework to enable regulatory sandbox (RS) for fintech innovation has been well-received by a majority of fintech players, even as some have suggested a few tweaks in order to make it even more comprehensive.

The draft was released for stakeholder comments on Thursday.

Incidentally, an RS is a controlled

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ICICI Lombard Q4 net profit rises 7.5% to Rs 228 crore
MUMBAI: ICICI Lombard on Thursday reported just 7.5% increase in net profit during the fourth quarter ended March 31, 2019, following an increase in upfront cost of acquiring business.

uring the quarter, profit rose to Rs 228 crore, compared with Rs 212 crore in Q4 FY18. This includes upfront expensing of the acquisition cost related to the growth

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HDFC Mutual Fund marks down Hazaribagh papers by 12%
Mumbai:HDFC Mutual Fund has marked down the value of its schemes with exposure to the papers issued by Hazaribagh Ranchi Expressway (HREL) by another 12% after the issuer failed to make annuity payments, principal and net worth ₹52.7 crore as on April 14.

This takes the total markdown in the security to 37% after a 25% markdown in the security in

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Capital-goods stocks such as ABB, Siemens, Cummins India and Thermax, which have underperformed the market in the past few years, are attractive for bargain hunters.

Valuations of these scrips are below their historical averages, and with the investment cycle expected to pick up and consumption slowing down, analysts are increasingly recommending

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Mumbai: RBL Bank posted a 39 per cent profit growth in the March quarter on the back of robust credit growth and other income, and also laid out plans to raise Rs 3,500 crore in capital as it looks to accelerate corporate lending.

The private sector lender’s earnings grew to Rs 247 crore from Rs 178 crore, a year ago, while their consolidated loan

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MUMBAI: Shares of Jet Airways plunged a record 32% to its lowest in a decade as the carrier suspended operations after failing to secure emergency funds from lenders. Rivals enjoyed a brief spurt -- SpiceJet surged to a 52-week high and InterGlobe Aviation, which runs IndiGo, hit an all-time record. But those gains fizzled later in the
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Bharti Airtel's Rs 25,000 crore rights issue opens on May 3
NEW DELHI: Telecom major Bharti Airtel on Friday said its Rs 25,000 crore rights issue will open on May 3 and close on May 17. Earlier, the company had fixed April 24 as the record date for the issue.

The telecom major had earlier this month received Sebi approval to raise the funds in a bid to boost its balance sheet and create necessary headroom

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MUMBAI: The Reserve Bank of India Governor Shaktikanta Das and his deputy Viral Acharya viewed the data on economic growth and inflation with different prisms that led to a split in their voting on interest rates in the last monetary policy review meeting, raising the possibility of continued differences in the near future.

Acharya chose to wait

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The muted earnings growth from Reliance Industries’ core energy vertical in the quarter ended March may narrow the performance gap between the company’s stock and the Nifty 50 index. The Reliance stock has outperformed the Nifty by 15% in the past three months and contributed to about 25% of the index’s gains.

Profit in the quarter was

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China relaxes rules for index futures trading - The TheIndianSubcontinent

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DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

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Finolex family dispute escalates amid several counter-allegations
MUMBAI: The family dispute at the Rs 15,000-crore Finolex Group has taken a new twist as cousins Prakash Chhabria and Deepak Chhabria have accused each other, in separate exchange filings, of scheming to gain control of Finolex Cables Ltd (FCL).

Prakash is the biggest shareholder of Orbit Electricals, the promoter entity of Finolex Cables, while

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Costs of regular mutual fund plans fall sharply, lower in direct plans
With the revised cost slabs for mutual funds kicking in from April 1, the total expense ratio (TER) for the largest equity funds has fallen sharply. But while the cut is quite significant in the regular plans, it is comparatively modest in the direct plan variant.

Data shows that since March 31, the TER for the regular plan of the top-10 largest

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