StockMarket

Why open-ended debt mutual funds score over Fixed Maturity Plans
By Vijay Mantri

Many asset management companies have been launching and continue to launch ‘fixed maturity plans’ popularly known as FMPs. The reason these products are a hit with many investors is very simple — there is predictability of investment outcome. A typical FMP has a fixed maturity ranging from 1 month to 3 years or sometimes even more t

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ET Intelligence Group: India has turned out to be the most consistent investment destination across all markets for foreign investors. The Nifty, along with the Dow Jones Industrial Average, over several time-frames has beaten all global indices and consistently figured in the top quartile in dollar terms.

Over a period of one, three, five and ten

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Infosys falls 5% post Q4 earnings; brokerages cut target price
NEW DELHI: Infosys shares declined nearly 5 per cent in early trade on Monday.

The IT major on Friday reported a 10.51 per cent year-on-year (YoY) rise in consolidated profit at Rs 4,078 crore for March quarter, beating Rs 3,957 crore net estimated by analysts in an ET NOW poll.

After the company revelaed its fourth-quarter numbers and guidance

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Liquidity crunch was a blessing!
FY19 has been a year of liquidity management when the central bank worked relentlessly to ensure that the rupee and interest rates remained stable amidst inflation volatility. At the end of the year, it has been a win-win situation for the government, RBI and banks as the liquidity issue was addressed more than adequately with the recent dollar
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Mumbai: India’s equity benchmarks closed at a record on Tuesday, with the Nifty crossing 11,800 following the forecast of a near-normal monsoon by the weather department and a strong start to the earnings season.

The Sensex rose 0.95 per cent to 39,275.64 points at the close after hitting an all-time high of 39,364.34 while the Nifty climbed 0.8

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TCS or Infosys: Which stock can deliver post Q4 results
Dalal Street analysts turned remain bullish on the country’s IT majors Tata Consultancy Services (TCS) and Infosys after they gave March quarter earnings season a smart start on Friday.

While Infosys reported a 10.5 per cent year-on-year (YoY) increase in consolidated net profit at Rs 4,078 crore and guided for 7.5-9.5 per cent revenue growth in

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China first-quarter GDP growth steady at 6.4%, beats expectations for slowdown
China's economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a slowdown, as industrial output jumped sharply.

The upbeat readings, which also showed faster growth in retail sales and investment, are likely to add to optimism that China's cooling economy may be starting to stabilise, relieving

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Indian markets are fast closing the performance gap with other global markets, thanks to the pre-election rally and strong flows from off-shore funds. Until mid-February, the benchmark Nifty index was among the biggest underperformers globally. But after February 19, when the current leg of the rally in the Indian equities started, the Nifty
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Share market update: PSU Bank shares gain; SBI up over 1%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Monday's morning session.

Shares of Bank of India (up 1.21 per cent) , State Bank of India (up 1.03 per cent) , Punjab National Bank (up 0.75 per cent) and Syndicate Bank (up 0.71 per cent)

Allahabad Bank (up 0.55 per cent) , Indian Bank (up 0.38 per cent) , Oriental Bank of

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Mumbai: ECL Finance, the nonbanking financial arm of the Edelweiss Group plans to step up lending and expand its loan book with loans to entrepreneurs armed by the Rs 1,800-crore fund infusion by Canadian pension giant Caisse de dépôt et placement du Québec (CDPQ).

Of the total Rs 30,000 crore loan book, around 60 per cent or Rs 18,000 crore is

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Bank of America revenue slips, but earnings top expectations
Bank of America Corp missed revenue expectations in the first quarter but its earnings still beat forecasts as the bank chopped its expenses and expanded its loan book.

The company, the second-biggest US bank by assets, followed rival domestic lenders by struggling to generate top-line growth in the latest quarter and suffered from a decline in

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Share market update: Auto shares in the green; Tata Motors jumps 4%
NEW DELHI: Auto shares were trading in the green in Monday's morning session.

Shares of Tata Motors (up 4.33 per cent), Motherson Sumi Systems (up 1.91 per cent) , Apollo Tyres (up 1.70 per cent) and Hero MotoCorp (up 1.49 per cent) were the top gainers in the index.

Bharat Forge (up 1.45 per cent) , Exide Industries (up 1.00 per cent) , TVS Motor

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Bank Nifty could rise to 31,300, say analysts
The banking space has been the leading contributor to the rally in the market since March, with Bank Nifty gaining 14 per cent during the period compared to 9 per cent gain in the Nifty. The banking index touched a fresh record high of 30590.95 during Tuesday’s session before closing 1.4 per cent higher at 30531.35. ET spoke to three technical a
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Maruti, HDFC Bank M M among 10 stocks that analysts say can offer good returns in next 2-3 weeks
NEW DELHI: There seems to be no Monday blues for Indian equities as positive global sentiment played ball.

Asian shares reached near their nine-month highs on renewed hopes of US-China trade talks after US Treasury Secretary Steven Mnuchin's positive comments. Besides, strong Chinese export data soothed concerns of an economic slowdown to an

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Metropolis Healthcare lists at 9% premium over issue price
NEW DELHI: Metropolis Healthcare on Monday made a decent market debut, as the scrip got listed at Rs 960 on BSE, a 9.09 per cent premium over issue price of Rs 880 per share.

The Rs 1,204 crore IPO, which was sold between April 3 to April 5, was subscribed 5.83 times.

At the issue price, the stock was valued at of 39 times FY19 annualised

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Asia relieved as China data point to recovery
SYDNEY: Asian share markets swung higher on Wednesday as a raft of Chinese data easily beat expectations in a sign Beijing's policy stimulus may finally be gaining traction in the world's second-largest economy.

Investors were hoping for better news from China and were not disappointed with first-quarter economic growth pipping forecast at 6.4

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Share market update: Realty shares bullish; Sobha rises over 2%
NEW DELHI: Realty shares were trading higher in Monday's morning session.

Shares of Sobha (up 2.55 per cent), Phoenix Mills (up 2.32 per cent), Oberoi Realty (up 2.23 per cent) and Brigade Enterprises (up 1.58 per cent) were the top performers in the index.

DLF (up 1.21 per cent), Godrej Properties (up 1.13 per cent), Prestige Estates Projects

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Sensex gains 70 points, Nifty tops 11,650 amid firm global cues
NEW DELHI: Tracking gains in Asian markets, Indian equity indices opened on a firm note on Monday. Rupee's rise and sustained FII inflows supported the investor sentiment.

Asian shares started on a firm footing on Monday and the dollar eased as risk appetite was whetted by better-than-expected data from China that helped boost confidence. MSCI's

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ET Intelligence Group: The classical pre-poll sectoral rotation by investors to ‘domestic cyclical’ from ‘growth’ stocks has fuelled the recent rally in banking stocks. This has amplified the price ratio between the Bank Nifty and the NSE Nifty to a record high.

At the current reading of 2.59, compared with the 15-year average of 1.89, the price

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Wockhardt shares climb 2% after USFDA makes nil observation
NEW DELHI: Shares of pharmaceutical firm Wockhardt climbed over 2 per cent in early trade on Monday.

Shares of the company got tractions after it said that the USFDA's inspection of its Bioequivalence centre in Aurangabad, Maharashtra yielded no observations.

In a regulatory filing, the company said no observations were made after the US drug

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Restile Ceramic, Beardsell among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 70.40 points up at 38,837.51 on account of buying in frontline bluechip counters.

Shares of Beardsell (down 15.34 per cent), Gillanders Arbuthnot - Co. (down 11 per cent), Control Print (down 10.27 per cent), Kamanwala Housing Construction (down 10.00 per cent), Restile Ceramic

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Wipro investors can consider the buyback offer as growth slows
ET Intelligence Group: IT services major Wipro reported improved profitability and higher share of digital revenue in the fiscal ended March 2019. It also exhibited efficient cash flow management and declared a share buyback worth up to Rs 10,500 crore in a bid to increase payback to shareholders.

But, these encouraging developments fail to

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

Shares of Cipla (up 0.56 per cent), Aurobindo Pharma (up 0.26 per cent), Cadila Healthcare (up 0.20 per cent) and Piramal Enterprises (up 0.09 per cent) were trading higher.

Sun Pharmaceutical Industries (down 1.12 per cent), Biocon (do

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Auto, banking, metals, pharma likely to do well this series
By Jay ThakkarAVP- Technical Research, Anand Rathi Share and Stock BrokersWhere are we: The Nifty closed well in the positive territory in the last trading session and it has managed to close the week well above 11,600 levels. The Index has been trading within a range of 11500-11700 for almost two weeks now. Hence, it is stuck within this
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We have already explained that technical analysts use price actions to arrive at the direction of a stock (ie whether the counter is in uptrend, downtrend or sideways trend). However, these price actions are not complete without volumes and therefore, volumes are also usually plotted in these charts, usually below the price chart.

What is volume

Tr

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TCS rises over 3% on strong Q4 earnings
NEW DELHI: Shares of TCS rose over 3 per cent on Monday morning on better-than-expected fourth quarter earnings.

The scrip rose over 3 per cent to hit a high of Rs 2085.60. Later, the scrip was hovering at Rs 2053.25, up 1.96 per cent at 09:38 am. This was against 0.08 per cent rise in the BSE Sensex.

Strong growth in revenue from banking and

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Rain Industries, Spicejet among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 93.81 points up at 38,860.92 on account of buying in frontline bluechip counters.

Shares of Foods - Inns (up 19.18 per cent), BSEL Infra (up 19.17 per cent), Zim Laboratories (up 18.80 per cent), Inditrade Capital (up 15.56 per cent), Landmark Prop (up 12.50 per cent),

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Huge put selling at 11,800 indicates bullish sentiment
The market, which Tuesday rallied to and closed at a fresh high on the back of robust foreign fund inflows, is poised to test the psychological 12,000-mark in the current series expiring on April 25, provisional options data indicate. In percent terms, the market is short off this number by just 1.8 per cent from Friday’s record closing high of 1
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Share market update: IT shares advance; Infibeam Avenues climbs 4%
NEW DELHI: IT shares were trading higher in Monday's morning session.

Shares of Infibeam Avenues (up 4.03 per cent), Tata Consultancy Services (up 2.45 per cent), HCL Technologies (up 1.79 per cent) and Tech Mahindra (up 1.26 per cent) were the top gainers in the index.

Wipro (up 1.25 per cent), Tata Elxsi (up 1.21 per cent), Mindtree (up 0.45 per

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Six of top 10 valued firms lose Rs 42,827 crore in m-cap
NEW DELHI: Six of the 10 most valued Indian firms suffered a combined erosion of Rs 42,827.39 crore in market valuation last week, with IT major TCS taking the biggest hit.

Among the top 10 firms, ITC, HUL, Kotak Mahindra Bank and ICICI Bank made gains in their market capitalisation (m-cap) for the week ended Friday, while Reliance Industries Ltd

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