StockMarket

NEW DELHI: Bank shares were trading in the positive zone in Wednesday's morning session.

Shares of IndusInd Bank (up 1.73 per cent), Bank of Baroda (up 1.50 per cent), YES Bank (up 0.86 per cent) and Kotak Mahindra Bank (up 0.66 per cent) were the trading higher.

HDFC Bank (up 0.52 per cent), ICICI Bank (up 0.26 per cent) and IDFC First Bank (up

NEW DELHI: Shares of PSU banks were trading in the positive zone in Wednesday's morning session.

Shares of Bank of Baroda (up 2.25 per cent), Syndicate Bank (up 1.11 per cent) , Union Bank of India (up 0.61 per cent) and Canara Bank (up 0.59 per cent) were the top performers in the index.

Punjab National Bank (up 0.46 per cent) , State Bank of

Howard Marks, founder of Oaktree Capital Management, is a worried man.

His worries mostly stem from the tone and tenor the current political discourse is fast acquiring, especially in the US.

His January memo to his clients, titled 'Political reality meets economic reality', which deals with the rise of populism and the resultant anti-capitalist

NEW DELHI: FMCG shares were up in Wednesday's morning session with their sectoral index trading higher.

Shares of Marico (up 2.16 per cent) , Godrej Consumer Products (up 2.09 per cent) , Dabur India (up 1.47 per cent) and Colgate-Palmolive (India) (up 1.09 per cent) were trading in the green.

Godrej Industries (up 0.73 per cent) , Jubilant

NEW DELHI: The season of record highs is back on D-Street.

Benchmark indices Sensex and Nifty hit fresh record highs on Wednesday within half hour of opening trade led by gains in banking and auto stocks. Hopes of a possible rate cut by the RBI along with firm cues from the global markets kept market buoyant today.

The mood was further bolstered

MUMBAI: Axis AMC has raised Rs 400 crore through its maiden real estate fund, the Axis RERA Opportunities Fund – I (Axis RERA Fund) with commitments.

The investors of this fund include domestic institutions, high networth investors (HNIs) and the sponsor (Axis AMC).

The fund is targeting investments, through structured debt route, in the top 8

NEW DELHI: Metal shares were trading in the positive zone in Wednesday's morning session.

Shares of Steel Authority of India (SAIL) (up 3.83 per cent), Welspun Corp (up 2.78 per cent), Tata Steel (up 2.77 per cent) and National Aluminium Company (up 1.99 per cent) were the top performers in the index.

JSW Steel (up 1.88 per cent), Hindustan Zinc (

NEW DELHI: The domestic equity benchmark BSE Sensex was trading 183.17 points up at 39,239.82 on Wednesday on account of buying in frontline bluechip counters.

Shares of Manaksia Coated Metals (down 14.26 per cent), Benara Bearings - Pistons (down 10.71 per cent), Solitaire Machine Tools (down 10.53 per cent), Shree Krishna Infrastructure

Mumbai: Ratings agency Standard - Poor's (S-P) has revised Tata Steel's outlook from stable to positive based on the the stability of international steel prices and lower likelihood of the company acquiring Bhushan Power and Steel which will keep its credit profile strong.

The outlook has been revised to BB- as the prospects of Tata Steel

NEW DELHI: Gold prices declined in futures trade on Wednesday as the rally in riskier equities dented the demand for safe-haven metal.

The MCX Gold was trading at Rs 31,690, down by 0.21 per cent around 10:28 am.

Muted demand by jewellers at the spot market and uninspiring global cues offered no hope for the precious metal.

Even though the metal

NEW DELHI: The domestic equity benchmark BSE Sensex was trading 159.62 points up at 39,216.27 on account of buying in frontline bluechip counters.

Shares of Gujarat Hy-Spin (up 16.93 per cent) , Tayo Rolls (up 16.24 per cent) , Bhandari Hosiery (up 14.29 per cent) , Sunshield Chemicals (up 13.78 per cent) , TRF (up 13.71 per cent) , Bharat Road

Despite broader market facing challenging environment in 2018, around 75 per cent actively managed midcap and smallcap equity funds outpaced their respective benchmarks for the full year.

On the other hand, just 8 per cent largecap funds outpaced their benchmarks during the same period.

A latest study by S-P Indices Versus Active (SPIVA) India

NEW DELHI: Realty shares were trading higher in Wednesday's morning session.

Shares of Godrej Properties (up 3.83 per cent), DLF (up 3.56 per cent) , Brigade Enterprises (up 1.85 per cent) and Indiabulls Real Estate (up 1.74 per cent) were the top gainers in the index.

Prestige Estates Projects (up 1.66 per cent) , Sunteck Realty (up 0.30 per

NEW DELHI: Tata Motors with over 0.49 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of Suzlon Energy (number of shares traded: 0.45 crore), Vodafone Idea (number of shares traded: 0.39 crore), YES Bank (number of shares traded: 0.21 crore), PNB (number of shares traded: 0.16 crore), SBI (number of

NEW DELHI: Shares of most sugar producing companies fell in Tuesday's afternoon session.

Indian Sucrose (down 4.88 per cent), Dwarikesh Sugar Industries (down 4.57 per cent), Triveni Engineering - Industries (down 4.30 per cent), Piccadily Agro Industries (down 3.76 per cent), Dalmia Bharat Sugar - Industries (down 3.60 per cent) and

There's both celebration and mourning, in equal measure, after the Supreme Court struck down the Reserve Bank of India’s February 12, 2018 circular on dealing with big defaulters.

In its simplest form, banking is taking money from the average farmer or a salesman saving a portion of his income for a rainy day and lending to those who need money

New Delhi: Public Sector Banks (PSBs) may now use provisions of Project Sashakt to deal with economically unviable projects, said a senior government official, adding that lenders could still initiate corporate insolvency proceedings if there is no other mode of resolution within 180 days.

“The concern that erring promoters will get off the hook i

European shares treaded water on Tuesday following their strongest two-day rally since January as Brexit uncertainty clouded sentiment with parliament deadlocked again over its exit from the European Union.

The pan-European index was up 0.03 per cent at 0720 GMT, nudging towards highs from September and March.

Most European bourses posted slight

NEW DELHI: Pharma shares were mixed in Wednesday's morning session with their sectoral index trading on a flat note.

Shares of Lupin (up 1.25 per cent), Sun Pharmaceutical Industries (up 0.49 per cent), Cadila Healthcare (up 0.32 per cent) and Glenmark Pharmaceuticals (up 0.06 per cent) were trading higher.

Piramal Enterprises (down 1.77 per

NEW DELHI: In sync with most global peers, India’s equity benchmarks Sensex and Nifty settled in the positive territory on Tuesday, extending gains into the fourth consecutive session.

While hopes of a rate cut by RBI seem to have played helped yet again, risk appetite grew in the light of positive global sentiment.

Positive manufacturing data

The growth-inflation dynamics continues to point towards a dovish policy tilt in the upcoming MPC meeting. Since the last policy, domestic and global economic outlook has deteriorated further.

Domestic high frequency indicators continue to point towards ongoing cyclical slowdown led by the lagged impact of higher oil prices, a weaker rupee,

NEW DELHI: Falling for the fifth consecutive day, shares of Jet Airways declined over 3 per cent in morning trade on Wednesday. In last five days, the stock has come off by 8 per cent to Rs 254.55.

The beleaguered airline is fighting for its survival.

According to an ET report, Jet Airways’ domestic operations now comprise 12-15 planes, making i

By Chandan TapariaThe Nifty index opened positive but failed to surpass the previous day’s hig h of 11,738 on Tuesday as traded in a range with its intraday support at 11,650 level. The index formed a Doji candle with comparative long lower shadow and an inside bar formation, which indicated that every decline is being bought into. The index i

NEW DELHI: Drug firm Zydus Cadila Tuesday said it has received tentative nod from the US health regulator to market its Mirabegron extended-release tablets.

The company has received tentative approval from the United States Food and Drug Administration (USFDA) to market generic Mirabegron extended-release tablets in the strengths of 25 mg and 50

NEW DELHI: IT shares were trading lower in Wednesday's morning session.

Shares of Tech Mahindra (down 1.31 per cent) , Infosys (down 1.23 per cent) and Wipro (down 0.82 per cent) were trading with losses.

Tata Consultancy Services (down 0.64 per cent) , Mindtree (down 0.41 per cent) and NIIT Technologies (down 0.08 per cent) too were trading

NEW DELHI: The Nifty50 on Tuesday inched a step closer to its record high levels even though traders remained indec isive, as signalled by the ‘Doji’ candle on the daily chart.

The daily candle had a long lower wick, which suggested buying at every selloff. In the absence of any concrete sell signal, the market bias remains positive, said

NEW DELHI: Gold prices fell by Rs 82 to Rs 31,760 per 10 grams in futures trade on Tuesday as speculators reduced exposure despite a firm trend in the precious metal in overseas market.

At the Multi Commodity Exchange, gold for delivery in June dropped by Rs 82, or 0.26 per cent, at Rs 31,760 per 10 grams in a business turnover of 15,453 lots.

The

NEW DELHI: Tata Steel shares climbed nearly 2 per cent in morning trade on Wednesday after the rating agency Standard - Poor's (S-P) upgrades its outlook from stable to positive on the stock.

"Continued stable outlook for Indian steel prices is likely to keep Tata Steel Ltd's earnings robust over the next 12 months," S-P said in a

NEW DELHI: Another day, another record high!

Election optimism, hopes of another rate cut by RBI and strong FII inflows propelled BSE benchmark Sensex to a record closing high on Tuesday, a day after it scaled all-time peak of 39,115.

Domestic markets kept tracking the rally in global stocks all throughout.

Overseas markets hovered near their

NEW DELHI: Shares of Private banks were trading on a mixed note in Tuesday's afternoon session.

Shares of IndusInd Bank (up 1.55 per cent), YES Bank (up 0.91 per cent) and Axis Bank (up 0.14 per cent) were trading with gains.

IDFC First Bank (down 1.97 per cent), Federal Bank (down 1.53 per cent), HDFC Bank (down 0.72 per cent) and ICICI Bank