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The domestic equity market continued to show strength this past week although with lower velocity. The rally wasn’t with the same thrust and momentum as that in the previous week, as certain sectoral pockets experienced minor profit booking. But by the close of the week, massive amount of profit booking was seen across the board.

In the meantime,

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Sebi fines 4 entities Rs 27 lakh for fraudulent trading in BSE stock options
New Delhi: Markets regulator Sebi Friday imposed a total penalty of Rs 27 lakh on four entities for indulging in fraudulent trade in illiquid stock options segment of BSE.

Umapati Oil Mill and Ginning Factory, Yudhbir Chhibbar, Kasturbhai Mayabhai Pvt Ltd and Vimladevi Shyamsunder Khetan are the four entities, according to Sebi's separate orders.

A

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Ace market strategist Christopher Wood is calling on foreign investors to load up on India, saying there is more room to increase weight.

In his weekly research note for investors 'Greed - Fear', the MD and equity strategist at CLSA said the continuous FII capital inflows are a proof of growing support for the ruling BJP after the air strikes

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Grasim gets interim relief on Rs 5,872 crore dividend tax claim
MUMBAI:The Bombay High Court on Friday granted interim relief to Grasim Industries, the flagship company of the Aditya Birla Group, on a Rs 5,872-crore dividend distribution tax demand linked to a 2016 demerger plan of group businesses.

The revenue department had raised the demand on Aditya Birla Capital (ABCL) shares that Grasim received after

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US stocks extend losses as weak data adds to global growth worries
Wall Street's main indexes extended losses on Friday after the United States joined the euro zone in reporting weak manufacturing activity last month, fueling fears of a slowing global economy.

U.S. manufacturing sector Flash Purchasing Managers' Index (PMI) came in at 52.5 in March, well below the estimates of 53.6, according to economists polled

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Fitch cuts India GDP growth forecast for FY20 to 6.8%
Fitch Ratings Friday cut India's economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in the economy. "While we have cut our growth forecasts for the next fiscal year (FY20, ending in March 2020) on weaker-than-expected momentum, we still
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CPSE ETF-5 subscribed six times
Mumbai: The fourth further fund offer (FFO 4) for state-run companies by Reliance Mutual Fund was subscribed six times the shares on offer, likely prompting the Centre to exercise its entire greenshoe option and garner more funds in this round of stake dilution.

As at 5 pm on Friday, the CPSE ETF got subscriptions worth Rs 20,000 crore, compared

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Current market conditions primed for a bull run: HSBC
Mumbai: The current market conditions are primed for a bull market supported by strong flows from from foreign portfolio investors, said HSBC.

"FIIs coming back into Indian equities gels well with our overall expectation that current market conditions are primed for a bull market ahead. We expect FII flows to remain strong, as they continue to

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Share market update: Aviation stocks surge; SpiceJet jumps nearly 10%
NEW DELHI: Shares of SpiceJet (up 9.77 per cent) and IndiGo (up 1.13 per cent) ruled firm on Friday amid reports that with disruption in Jet Airways, there is a good chance that other aviation firms may gain market share.

Jet Airways(India) (up 3.12 per cent) on the other hand was also up amid hopes related to its resolution plan.

Shares of

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Ita bad move! Don&t make banks buy Jet Airways
Business historians and management gurus will for a long time study and hold up Jet Airways’ sudden descent into near bankruptcy as a lesson in how not to run a business. From a market leader, the once-proud airline is fighting to stave off bankruptcy and is struggling to make normal interest payments. The airline has failed to pay salaries and i
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By Katherine ChiglinskyWarren Buffett, who once joked that capitalists should have shot down the Wright brothers’ first plane and saved investors money, has made a course correction that’s raised the idea he’s considering the purchase of an airline.

Thirty years after a troublesome investment in USAir, Berkshire Hathaway Inc. has amassed stakes

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Can RIL rise more Many bullish calls on Dalal Street, but a few are bearish
Mumbai: Even as shares of Reliance Industries (RIL) have scaled new highs, analysts remain upbeat on the prospects of the energy-to-telecom conglomerate. That, even when there is pessimism surrounding GRM projections.

The stock has already posted a stellar performance, having rallied 22.7 per cent so far this year to trade at Rs 1,375, far

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MUMBAI: The Bombay Stock Exchange (BSE) has given Mumbai police the derivative trading details on Sun Pharma for the December contract, with law enforcement seeking to ascertain whether some traders had conspired with an equity research team to hammer the stock of India’s biggest drug-maker.

The BSE response comes after the police’s Economic O

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Top intraday trading ideas for afternoon trade for Friday 22 March 2019
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading lower in Friday'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.comL-T is a 'Buy' call with a target price of Rs 1465 and a stop loss of Rs 1375.

ACC is a

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Share market update: Nifty Pharma index down; Biocon, Cipla among top losers
NEW DELHI: Pharma shares were trading lower in Friday's morning session with their sectoral index in the red.

Shares of Sun Pharmaceutical Industries (down 0.64 per cent) , Biocon (down 0.64 per cent) , Cipla (down 0.49 per cent) and Lupin (down 0.46 per cent) were the top losers in the index.

Aurobindo Pharma (down 0.41 per cent) , Cadila

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SBI has time till March 2020 to raise Rs 20,000 cr
Kolkata: India’s largest bank State Bank of India said it has received its board’s permission to extend the deadline to raise Rs 20,000 crore till March next year. The bank may explore follow-on public offer or qualified institutional placement or rights issue for the same while it has raised Rs 1,251 crore in bonds on Friday to boost its a
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Market rally shifts sectoral pecking order: Look who is on the forefront
Domestic software exporters and banking stocks have outpaced equity benchmark Sensex in terms of returns so far this financial year 2018-19. While the BSE IT index and Bankex have advanced 25 per cent and 23 per cent, respectively, the 30-pack Sensex is up 16.36 per cent for FY19 till March 19.

Analysts say a falling rupee, share buybacks and

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CLSA downgrades Kansai Nerolac to sell; shares slip over 3%
Shares of Kansai Nerolac plunged over 3 per cent in early trade on Friday after CLSA downgraded the stock to ‘Sell’, citing demand headwinds as auto sector is reeling under pressure.

The financial services firm added that auto original equipment makers contribute around 45 per cent to Nerolac’s revenue. Macro environment also raises some concerns

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Kotak Fund to tap opportunities in distressed assets
MUMBAI: Kotak Investment Advisors, which manages about $3.5 billion worth of assets, is set to begin deploying th e money it has raised in the past month via two funds that are backed by Abu Dhabi Investment Authority (ADIA).

Big opportunity lies ahead in India in distressed assets and commercial real estate space,” said S Sriniwasan,

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Impact of RBIlikely dollar-rupee swap
By B PrasannaIn a move that is reminiscent of the Foreign Currency Non-resident Scheme launched during the taper tantrum of 2013, the Reserve Bank of India has announced an auction for a buy/sell (B/S) swap for a three-year maturity for $5 billion (Rs 35,000 crore). The Fx and money market participants are engaged in a heated debate as to whether
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Share market update: Auto shares in the green; Eicher Motors rises 1%
NEW DELHI: Auto shares were trading in the green in Friday's morning session.

Shares of Eicher Motors (up 0.92 per cent), Hero MotoCorp (up 0.78 per cent), Bajaj Auto (up 0.69 per cent) and TVS Motor Company (up 0.69 per cent) were the top gainers in the index.

Ashok Leyland (up 0.66 per cent), Apollo Tyres (up 0.59 per cent), Tata Motors (up

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Central Bank sells 4% stake in Clearing Corp for Rs 118 cr
MUMBAI: Central Bank of India sold its 4% stake in Clearing Corporation of India (CCIL) for about Rs 118 crore early this week, according to people aware of the deal. ICICI Lombard General Insurance has acquired the stake from the struggling public sector bank, they said.

Central Bank is currently under the Reserve Bank of India’s prompt c

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Share market update: FMCG shares slip; Colgate dips over 1%
NEW DELHI: FMCG shares were trading lower in Friday's morning session.

Shares of ColgatePalmolive (India) (down 1.41 per cent) , Godrej Consumer Products (down 0.66 per cent) , ITC (down 0.50 per cent) and GlaxoSmithKline Consumer Healthcare (down 0.41 per cent) were the top losers in the index.

United Spirits (down 0.29 per cent) , United

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Share market update: Nifty Bank index hits 30,000 mark; YES Bank up 1%
NEW DELHI: Bank shares were trading in the positive zone in Friday's morning session with their sectoral index hitting the 30,000 mark for the first time ever.

Shares of IDFC First Bank (up 1.91 per cent) , RBL Bank (up 1.39 per cent) , YES Bank (up 1.35 per cent) and Axis Bank (up 1.09 per cent) were the top performers in the index.

Punjab

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Indian markets primed for a bull phase: HSBC
MUMBAI: The current market conditions are primed for a bull market supported by strong flows from foreign portfolio investors, said HSBC

“FIIs coming back into Indian equities gels well with our overall expectation that current market conditions are primed for a bull market ahead. We expect FII flows to remain strong, as they continue to add t

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Share market update: Realty shares mixed; Oberoi Realty jumps 4%
NEW DELHI: Realty shares were trading on a mixed note in Friday's morning session.

Shares of Oberoi Realty (up 3.95 per cent), Godrej Properties (up 2.83 per cent), Prestige Estates Projects (up 1.30 per cent) and Sunteck Realty (up 0.70 per cent) were the top gainers in the index.

Phoenix Mills (down 2.60 per cent), Indiabulls Real Estate (down

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Sensex advances 100 points, Nifty above 11,550 on firm global cues
NEW DELHI: Benchmark indices opened on a firm note on Friday as upbeat global sentiment that engulfed global equties rubbed off on Indian markets too.

Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on

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NEW DELHI: The grounding of aircraft by Jet Airways has reduced the availability of seats locally by about a million in the past one month, depriving India of the distinction of being the world’s fastest expanding domestic aviation market.

Estimated data on the number of seats per month show that domestic availability reduced by 1.3 million from

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Share market update: IT shares dip; Mindtree down 1%
NEW DELHI: IT shares were trading in the negative zone in Friday's morning session.

Shares of Mindtree (down 1 per cent), Wipro (down 0.76 per cent) and Tata Consultancy Services (down 0.72 per cent) were the top losers in the index.

Oracle Financial Services Software (down 0.49 per cent) HCL Technologies (down 0.16 per cent) and Tech Mahindra

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Asian shares jump on Fed dovishness, growth worries stay
SHANGHAI: Shares in Asia rose on Thursday after the US Federal Reserve abandoned forecasts for any interest rate hikes this year, but concerns over US-China trade talks and slowing global growth continued to weigh on investor confidence.

European equity markets were expected to follow Asia's lead. Spreadbetters see London's FTSE rising 0.2 per

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