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Vedanta Ltd.: Sell Vedanta, target Rs 145: ICICI Securities - The TheIndianSubcontinent

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Rate Cut: Govt will seek more rate cuts if re-elected: Jaitley - The TheIndianSubcontinent

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Share market update: OMCs trade in the red; BPCL dips over 1%
NEW DELHI: OMCs were trading in the red Thursday's afternoon session with their sectoral index on BSE trading lower.

Shares of Petronet LNG (down 2.46 per cent) , Bharat Petroleum Corporation (down 1.62 per cent) , GAIL (India) (down 1.39 per cent) and Oil India (down 1.35 per cent) were trading with losses.

Oil And Natural Gas Corporation (down

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Reduce Sun Pharmaceutical Industries, target Rs 450: IIFL
IIFL has a reduce call on Sun Pharmaceutical Industries with a target price of Rs 450.

The current market price of Sun Pharmaceutical Industries is Rs 465.80. Time period given by the brokerage is one year.

Rationale by the brokerage:

Ilumya Rx ramp-up has been slow: Sun launched its IL-23 psoriasis product, Ilumya, in the US market around 5-6

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Gold futures rise 0.6% on fresh bets
NEW DELHI: Gold prices rose by Rs 189 to Rs 31,757 per 10 grams in futures trade on Thursday as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in April contracts traded higher by Rs 189, or 0.6 per cent, to Rs 31,757 in a business turnover of 15,339 lots.

Gold for delivery

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Top intraday trading ideas for afternoon trade for Thursday 04 April 2019
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading lower in Thursday's session.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.comIndiabulls Housing is a 'Buy' call with a target price of Rs 950 and a stop loss of Rs 860.

U

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Buy Bajaj Electricals, target Rs 735: Emkay Global Financial Services
Emkay Global Financial Services has a buy call on Bajaj Electricals with a target price of Rs 735.

The current market price of Bajaj Electricals is Rs 540.75.

Time period given by the brokerage is one year when Bajaj Electricals price can reach the defined target.

Investment rationale by the brokerageNew product launches to drive growth: Our

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YES Bank may look to raise Rs 3,000 crore from share sale
Private sector lender YES Bank is planning to raise funds through a share sale, according to a report by ET NOW quoting sources.

“The bank is aiming to raise about Rs 3,000 crore from the share sale,” the report said.

Deutsche Bank is said to be among the advisors to YES Bank on the share sale.

The report further added that bank’s new MD and CEO

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This stock is worth Rs 1 lakh, but trades at Rs 6: Lot many buyers, but no sellers
This stock quotes at Rs 6 on BSE, pays Rs 15 dividend every year, but does not trade. There are buyers ready to pay 15,000 times its current price, but no sellers. A headache not just for investors, but also for stock exchanges!

Elcid Investment is a microcap company, but it is one of the promoter entities of bluechip firm Asian Paints, an index

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By Anirban Nag India’s central bank is on course for its most aggressive monetary policy easing in more than three years, as it seeks to support the world’s fastest-growing major economy in the face of risks both at home and abroad.

The Reserve Bank of India delivered its second successive interest rate cut Thursday and said it stands ready to

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Share market update: BSE Capital Goods index dips; Kalpataru Power down 2%
NEW DELHI: The S-P BSE Capital Goods index was trading lower in Thursday's afternoon session.

Shares of Kalpataru Power Transmissions (down 2.34 per cent) , Carborundum Universal (down 2.14 per cent) , Sadbhav Engineering (down 1.85 per cent) and GE T-D India (down 1.77 per cent) were trading with losses.

Lakshmi Machine Works (down 1.76

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Share market update: 27 stocks hit 52-week lows on NSE
NEW DELHI: Around 27 stocks fell to touch their 52-week lows on NSE in Thursday's session.

Among the stocks that touched their 52-week lows were Cox - Kings, Diligent Media, Genesys International, Vodafone Idea and Igarashi Motors India

Khaitan Electricals, LEEL Electricals, Mstc, Navkar Corporation, Reliance Communications, Sagardeep Alloys

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Steel Authority of India (SAIL) Ltd.: Buy Steel Authority of India (SAIL), target Rs 70: Anand Rathi - The TheIndianSubcontinent

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  • After Market: Jet rises 3%, YES Bank down
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RBI's monetary policy committee (MPC) on Thursday slashed repo rate by 25 basis points to 6 per cent, in its first bi-monthly rate review of financial year 2020. The MPC voted 4:2 in favour of the decision, while keeping the stance ‘neutral’. Read full policy text here:On the basis of an assessment of the current and evolving macroeconomic
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Share market update: PSU Bank shares bullish; Syndicate Bank gains over 1%
NEW DELHI: PSU Bank shares were trading in the positive zone in Thursday's morning session.

Shares of Syndicate Bank (up 1.39 per cent) , Indian Bank (up 1.11 per cent) , Bank of India (up 1.08 per cent) and Oriental Bank of Commerce (up 1.08 per cent) were the top gainers in the index.

Bank of Baroda (up 0.72 per cent) , Punjab National Bank (up

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Buy Parag Milk Foods, target Rs 366: Elara Capital
Elara Capital has a buy call on Parag Milk Foods with a target price of Rs 366.

The current market price of Parag Milk Foods is Rs 246.45.

Time period given by the brokerage is one year when Parag Milk Foods price can reach the defined target.

Investment rationale by the brokerageNetwork expansion and new products paying off: Parag Milk Foods

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Share market update: Telecom shares fall; Vodafone Idea slumps 5%
Shares of Vodafone Idea (down 5.02 per cent) , Reliance Communications (down 4.18 per cent) , Himachal Futuristic Communications (down 1.56 per cent) and Sterlite Technologies (down 1.09 per cent) were the top losers in the index.

Tata Teleservices (Maharashtra) (down 0.98 per cent) , Tata Communications (down 0.90 per cent) and Vindhya Telelinks

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Share market update: FMCG shares trade higher; GCPL rises over 1%
NEW DELHI: FMCG shares were up in Thursday's morning session with their sectoral index trading higher.

Shares of Godrej Consumer Products (up 1.73 per cent), Emami (up 1.12 per cent), Britannia Industries (up 0.95 per cent) and Jubilant Foodworks (up 0.59 per cent) were the top gainers in the index.

Dabur India (up 0.58 per cent), United Breweries

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After Market: Jet rises 3%, YES Bank down on share sale talk
NEW DELHI: A 25 basis points rate cut by the Reserve Bank of India failed to li ft the gloom that has set in on Dalal Street following weather forecaster Skymet’s projection of a below normal monsoon.

RBI’s downward revision in FY20 GDP growth estimate to 7.2 per cent further weighed on sentiment.

“The rate cut was already factored in. What d

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Bank, auto, realty stocks unchanged after RBI cuts repo rate by 25 bps
NEW DELHI: Rate-sensitive bank, auto and realty stocks remained mostly unchanged after the RBI cut the repo rate by 25 basis points and kept the stance neutral.

The Nifty Auto index was trading 0.32 per cent up at 8,508 while the realty index was 0.66 per cent up at 274 around 11:50 am. The Nifty Bank index pared losses and traded flat at at

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Jet shares down 4%, fall for the 6th day
NEW DELHI: The misery of Jet Airways' shares continued as they fell nearly 4 per cent in morning trade on Thursday.

Today is the sixth consecutive session of Jet shares trading in the negative territory.

The beleaguered airline is struggling hard to survive. It has defaulted on Indian and overseas loans, vendor payments, as well as delayed

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Tech View: Nifty breaks rising channel support, signals weakening of uptrend
NEW DELHI: Nifty50 on Thursday witnessed selling pressure from the word go. Buying emerged at the day’s low point, but it failed to push the index above the 10,600 level. It formed a bearish candle on the daily chart. Analysts said the support range of 11,570-40 would needs to be watched keenly.

Nifty50 has broken the rising channel support line,

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Share market update: BSE Power index down; Suzlon Energy slips 3%
NEW DELHI: The S-P BSE Power index was down with most of its components trading lower in Thursday's afternoon session.

Shares of Suzlon Energy (down 3.37 per cent), KEC International (down 2.76 per cent), Adani Power (down 2.23 per cent) and Reliance Infrastructure (down 2.15 per cent) were trading with losses.

CG Power and Industrial

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Indiabulls Housing Finance shares jump 4% on fund raising plans
NEW DELHI: Shares of Indiabulls Housing Finance jumped nearly 4 per cent in morning trade on Thursday after it announced plans to raise more funds in the current financial year.

In a regulatory filing, Indiabulls Housing Finance Wednesday said it has raised Rs 17,300 crore in the March quarter of 2018-19. The company plans to borrow Rs 26,000

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Sensex shrugs off RBI policy action, down 192 pts
NEW DELHI: Stock barometer Sensex came down by nearly 200 points on Thursday after the RBI led by Governor Shaktikanta Das decided to lower GDP growth outlook for 2019-20.

In its first bi-monthly policy review of this financial year, the six-member monetary policy committee (MPC) slashed the repo rate by 25 basis points, which was along the

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RBI slashes repo rate by 25 bps, cuts FY20 GDP growth estimate to 7.2%
NEW DELHI: RBI's monetary policy committee (MPC), led by Governor Shaktikanta Das, on Thursday announced a 25 basis points cut in the short-term lending rate, also known as repo or repurchase rate, in its first bi-monthly rate review of financial year 2019-20. The repo rate now stands at 6 per cent.

This was the second back-to-back rate cut by

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$1 trillion market cap and counting. India is just showing the way
By Nupur Acharya and Abhishek Vishnoi

The biggest quarterly foreign inflow in six years. About $370 billion in value gained. And now, India’s stock market just hit a record high -- its first in seven months.

The equity benchmark index for the world’s second-largest emerging market rose 0.5 per cent on Tuesday, closing above the 38,896.63 level that

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F O: Option band shifts Nifty50 trading range to 11,500-11,800
By Chandan TapariaThe Nifty50 remained highly volatile throughout Thursday’s session amid RBI’s policy review and traded in a broader range of 100 points between 11,560 and 11,660 levels. It formed a bearish candle and lowe r lows on the daily scale, but managed to hold above the crucial support at 11,550.

The index has seen a negative

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A change in govt too modest a factor to slow Indiaeconomic juggernaut: Mowat
As India readies to vote in less than two weeks to elect a new government, emerging markets equity strategist Adrian Mowat says a change in administration is only a modest factor for an economy like India.

“Indian economy is a huge juggernaut and it tends to keep growing on its own momentum. The impact of earnings or change in administration are t

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450 fund schemes own this priciest lender red flag is up on valuation
Bank stocks are hot cakes on Dalal Street these days. Prospects of easing NPA, which can help revive earnings, are making analysts and investors see more value in domestic lenders than elsewhere.

One bank has got catapulted from being under-owned to priciest in a matter of months thanks to this extraordinary craze for banking stocks. It’s Axis Bank

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