StockMarket

Share market update: Media shares mixed; Zee Media down 3%
NEW DELHI: Media shares were trading on a mixed note in Tuesday's afternoon session.

Shares of Hathway Cable - Datacom (up 2.24 per cent), Sun TV Network (up 0.90 per cent), PVR (up 0.81 per cent) and DB Corp (up 0.46 per cent) were the top gainers in the index.

Zee Media Corporation (down 2.97 per cent), Network 18 Media - Investments

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'Bull call ladder likely to pay for bullish punters'
Brokers have suggested a bull call ladder spread to their wealthy clients with an eye on the election outcome rather than simply buying call options on Nifty which could be a risky premise. This as the market has rallied 1,639 points from its October 26 closing of 10,030. While not ruling out some profit booking at current levels of 11,670, they
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ICRA downgrades Reliance Capital to A2 rating
Mumbai: ICRA Limited has revised its rating for Anil Ambani-led Reliance Capital and its subsidiaries to A2 with negative implications for its short-term debt programme.

The action is primarily due to refinancing risk of short-term maturities and delay in monetising the non-core investments.

However, Reliance Capital called the rating action

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Power stocks rally after SC quashes RBIFeb 12 circular on NPA
Shares of select power companies hogged limelight after the Supreme Court on Tuesday quashed the February 12, 2018 RBI circular on non-performing assets.

Going with market experts, this was an important judgment as the circular was a big overhang on the power sector and lenders to the sector. “SC says RBI rules on defaulting companies are i

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Share market update: Auto shares in the green; Eicher Motors climbs 3%
NEW DELHI: Auto shares were trading in the green in Tuesday's morning session.

Shares of Eicher Motors (up 3.61 per cent), Tata Motors (up 2.49 per cent), Hero MotoCorp (up 1.11 per cent) and MRF (up 0.93 per cent) were the top performers in the index.

Amara Raja Batteries (up 0.91 per cent), Mahindra - Mahindra (up 0.64 per cent), Exide

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As Friday’s session ended, the domestic equity market ended a remarkable month, which was one of the best over past several quarters. Nifty ended the month on a strong note, posting a gain of 831 points or 7.70 per cent. After taking some breather earlier this week, the gush of liquidity resulting from unabated FII flows lent more strength to the
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RBI to deliver another rate cut before elections; BJP victory best: Poll
BENGALURU: The Reserve Bank of India will cut rates for the second consecutive time when its three-day policy meeting ends on Thursday, shortly before the first phase of the national election begins, a Reuters poll found.

Those expectations for another rate cut have strengthened over the past month after Shaktikanta Das was appointed as the new RBI

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Zee Entertainment shares wobble after share sale by promoters
NEW DELHI: Shares of Zee Entertainment Enterprises were swinging between gains and losses after it cracked over 4 per cent in early trade on Tuesday.

Around 9:45 am, shares of the company traded almost flat at Rs 431.35 apiece.

On Monday, the company said in a BSE filing that entities belonging to Subhash Chandra of Essel Group sold 76.35 lakh

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The domestic market had a roller-coaster week with Monday starting deep in the red as recession fears gripped the entire globe. News of an inversion in the yield curve in US created a gloomy atmosphere with the markets tanking. But Mr Market never likes consensus and has a mind of his own. These fears got dismissed the very next day and Indian
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NEW DELHI: NSE barometer Nifty50 looks geared to hit a record high level, even though technical charts suggest it is in the overbought zone.

Bloomberg’s ‘Greed and Fear’ gauge for largecap indices is signalling the most optimistic reading since in the aftermath of the 2008 global financial meltdown,

But this optimism is not limited to largecaps.

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Share market update: IT shares advance; NIIT Tech rises 1%
NEW DELHI: IT shares were trading higher in Tuesday's morning session.

Shares of NIIT Technologies (up 1.30 per cent), Tata Elxsi (up 1.17 per cent), Oracle Financial Services Software (up 0.73 per cent) and Tata Consultancy Services (up 0.66 per cent) were the top gainers in the index.

Mindtree (up 0.61 per cent), Infosys (up 0.54 per cent) and

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KIIFB raises Rs 2,150 cr via masala bonds
New Delhi: Kerala Infrastructure Investment Fund Board (KIIFB), a state government agency, Friday said it has raised Rs 2,150 crore through its debut masala bond issue.

This is not just the first offshore capital market issuance from a state-level entity from India ever, but also the largest dual currency issue by a sub-sovereign backed entity

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Share market update: Bank shares mixed; ICICI Bank dips 1%
NEW DELHI: Bank shares were trading on a mixed note in Tuesday's morning session.

The Supreme Court today said RBI's February 12 circular on defaulting companies is illegal. The Supreme Court has struck down the controversial RBI circular that mandated banks to immediately resolve all bad loans above Rs 2000 crore or file for insolvency resolution

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Share market update: 11 stocks hit 52-week highs on NSE
NEW DELHI: Around 11 stocks rose to touch their 52-week highs on NSE in Tuesday's session.

Among the stocks that touched their 52-week highs were Bajaj Finserv, Balaxi Ventures, Jai Balaji Industries and JB Chemicals - Pharmaceuticals.

Merck, MT Educare, Spacenet Enterprises India and Varun Beverages also featured among the stocks that touched

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Cardif sells 5 crore shares in SBI Life Insurance for 2,889 crore
BNP Paribas Cardif, the foreign partner of SBI Life Insurance, Friday sold 5 crore shares of the company for Rs 2,889 crore.

The sale was done at average price of Rs 577.93 per equity share.

Meanwhile, Canada Pension Plan Investment Board has bought 2 crore shares at an average price of Rs 577.50 per shares, as per the regulatory filing.

The

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Share market update: Metal shares rise; NMDC gains 2%
NEW DELHI: Metal shares were trading in the positive zone in Tuesday's morning session.

Shares of NMDC (up 2.04 per cent), Steel Authority of India (SAIL) (up 1.73 per cent), MOIL (up 1.50 per cent) and Jindal Steel - Power (up 1.29 per cent) were the top performers in the index.

Vedanta (up 0.50 per cent), Hindalco Industries (up 0.37 per

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RBI policy, politics and global cues among 9 top factors steering D-Street in the week ahead
NEW DELHI: Strong FII inflows, improving global sentiment on US-China trade talks, steady commodity prices and hope of a rate cut by RBI helped Indian market log gains during the week gone by.

While financial year 2018-19 turned out to be the best in four years, with Sensex logging 17 per cent gain, the equity benchmarks are now eyeing their

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Women running the money Rarely at hedge funds
LONDON: Generous salary and juicy bonus Check. Client meetings at private members’ club Check. Swanky Mayfair office Check. Company maternity scheme Maybe, we’ll get back to you.

In the competition for talent, the hedge fund industry still has an edge over many other areas of finance, except, it would seem, when it comes to employing women.

Wom

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NEW DELHI: Shares of State Bank of India (SBI) edged up nearly 2 per cent in morning trade on Tuesday after the global financial firm Morgan Stanley attributed an overweight rating to the stock and raised the target price to Rs 425 from Rs 375.

Morgan Stanley expects that the PSU lender's loan growth will pick-up and net interest margins (NIMs)

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By Kartik Goyal

Indian markets have staged an eye-catching comeback in March after taking a drubbing in the first two months of the year, and bulls are salivating at the prospect of more gains.

Foreign investors who shunned rupee bonds and stocks in the wake of border skirmishes with Pakistan have returned as tensions eased, with inflows eclipsing

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Take five: The shape of you - world market themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

Yield curveballs

Which is it - growth or gloom With 10-year US bond yields below 3-month T-bill rates for the first time in more than a decade, recession fears are swirling. After all, an inverted yield

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Share market update: FMCG shares decline; Britannia Industries down 1%
NEW DELHI: FMCG shares were down in Tuesday's morning session with their sectoral index trading lower.

Shares of Britannia Industries (down 0.91 per cent) , Procter - Gamble Hygiene - Healthcare (down 0.79 per cent) , GlaxoSmithKline Consumer Healthcare (down 0.59 per cent) and United Breweries (down 0.56 per cent) were trading lower.

ITC

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White House calls for Fed to reverse US rate hikes
WASHINGTON/NEW YORK: U.S. President Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market.

"Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed

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Fed policymakers do not want rate cuts, not even the doves
NEW YORK: Barely a week after the US Federal Reserve called a halt to interest rate hikes, policymakers are now battling a view growing in financial markets, and embraced by the Trump administration, that the Fed will need to cut rates before long.

Larry Kudlow, President Donald Trump’s top economic advisor, said Friday on CNBC that while there is

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Share market update: Realty shares bullish; Godrej Properties surges 8%
NEW DELHI: Realty shares were trading higher in Tuesday's morning session.

Shares of Godrej Properties (up 8.32 per cent), Prestige Estates Projects (up 4.48 per cent) and Oberoi Realty (up 3.07 per cent) were trading higher.

Sunteck Realty (up 0.92 per cent), DLF (up 0.79 per cent) and Brigade Enterprises (up 0.67 per cent) too were trading with

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Sebi slaps Rs 94 lakh fine on 17 entities for fraudulent trade practices
Capital markets regulator Sebi slapped Rs 94.5 lakh penalty on 17 entities for indulging in fraudulent trade practices in illiquid stock options segment on the BSE.

The regulator, during the course of investigation between April 2015 and September 2015, found that 81.38 per cent of all the trades executed in the stock options segment involved

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US investors seek comfort in flood of data
NEW YORK: Wall Street will be watching next week’s economic data with a laser focus after a dismal February jobs report and recessionary warning signals from US Treasury yields.

After the longest US government shutdown on record, bad weather and a late 2018 equities sell-off muddied market participants’ view on the US economy in recent months, t

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Share market update: Nifty Pharma index down; Piramal Enterprises dips 2%
NEW DELHI: Pharma shares were trading lower in Tuesday's morning session with their sectoral index in the red.

Shares of Piramal Enterprises (down 2.43 per cent) , Divi's Laboratories (down 0.77 per cent) , Glenmark Pharmaceuticals (down 0.63 per cent) , and Aurobindo Pharma (down 0.58 per cent) were the top losers in the index.

Biocon (down 0.24

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The week in 10 stocks: Jet Airways in higher orbit, 25 stocks scale a record
Global funds are making a beeline for India big time. Their growing interest, along with expectations of Narendra Modi taking power again and forecast of plentiful rains ahead, gave the bulls enough will power to stay in-charge for the sixth straight week on Dalal Street.

The Sensex rose 1.33 per cent, or 508 points, to 38,673 for the week to

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Govt to push PSBs to tap market for fresh capital in next fiscal
NEW DELHI: The government will push large public sector banks (PSBs) to tap the market for fresh capital in the next fiscal as it is not inclined to give them growth capital soon after having infused large amount of funds this year.

It is also seeking details from state-run lenders on action taken in cases of bad loans above Rs 50 crore.

“At least

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