Mark these words: Buy gold, sell stocks, says this US fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.

It’s only a matter of time until the bearish bet pays off big, according to Crescat Capital.

While the Denver-based firm has only about $50 million under management, it has a history of

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By Jeanna SmialekFederal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of central bank bond holdings in September, sending benchmark Treasury yields to the lowest level in more than a year and bolstering market bets on a rate cut in 2019.

The median rate projection

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Jubilant Life, Jeevan Scientific among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 36.48 points up at 38,399.95 on account of buying in frontline bluechip counters.

Shares of NPR Finance (down 12.02 per cent), Jeevan Scientific Technology (down 10.18 per cent), Pro Fin Capital Services (down 9.99 per cent), Stellar Capital Services (down 9.88 per cent), Vegetable

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China, Hong Kong stocks get a lift from dovish Fed
SHANGHAI: China and Hong Kong stocks rose on Thursday morning after the US Federal Reserve took a more accommodative stance at its policy meeting.

The CSI300 index rose 0.2 per cent, to 3,844.25 points, at the end of the morning session, while the Shanghai Composite Index gained 0.6 per cent, to 3,109.48 points.

The Hang Seng index added 0.2 per

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Sebi issues consultation paper on differential voting rights
New Delhi: Markets regulator Sebi on Wednesday came out with a consultation paper on differential voting rights.

The paper has been issued pursuant to a report submitted by a Sebi-constituted group on Differential Voting Rights (DVR).

"For companies with high leverage or asset light models may prefer equity over debt capital. Raising equity on a

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Share market update: Auto shares in the red; Bajaj Auto down 1%
NEW DELHI: Auto shares were trading in the red in Wednesday's morning session.

Shares of Bajaj Auto (down 1.25 per cent) , Eicher Motors (down 1.07 per cent), Bharat Forge (down 0.94 per cent) and Motherson Sumi Systems (down 0.90 per cent) were the top losers in the index.

Maruti Suzuki India (down 0.66 per cent) , TVS Motor Company (down 0.55

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Early days! Not the ‘REIT& stuff for Indian investors as yet
This week sees the introduction of an investment asset class that is new to India –– the Real Estate Investment Trust (REIT).

Embassy, a Bengaluru-based real estate developer, has launched an IPO of a REIT. A REIT is roughly like a mutual fund that invests in real estate although the similarity doesn’t go much further. Essentially, it’s like a gro

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Vodafone Idea gets Sebi nod for over 75% shareholding
New Delhi: Vodafone Idea promoters have received market regulator SEBI's approval to exceed 75 per cent shareholding post rights issue with the condition that it will have to brought under that level within a year.

The company had sought the approval to guard against a possibility of a shortfall in participation by minority shareholders. The

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NEW DELHI: Caution in global markets ahead of US Fed policy outcome extended to the Indian market as equity benchmarks Sensex and Nifty opened almost flat on Wednesday.

Asian shares slipped from six-month highs on profit-booking ahead of a policy decision by the US Fed amid speculation on the course of future rate hikes.

An uptick in crude oil

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Set up fund for farmers: Sebi to Commexes
NEW DELHI: Sebi on Wednesday asked the exchanges dealing with agri-commodity derivatives to create a fund for farmers and FPOs in which the regulatory fee forgone by the regulator would be deposited.

Besides, it has issued framework, including an action plan and guiding principles for the utilisation of fund.

In September last year, the regulator

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S P 500, Nasdaq reverse losses after Fed says no further hikes in 2019
NEW YORK: The S-P 500 and the Nasdaq reversed earlier losses, gaining ground after the U.S. Federal Reserve concluded its two-day policy meeting by holding a key interest rate steady and affirming its dovish monetary policy stance.

The central bank also indicated it sees no further rate hikes this year, and released details of a plan to end

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RCom, Indiabulls Real Estate among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 71.97 points up at 38,435.44 on account of buying in frontline bluechip counters.

Shares of Arambhan Hospitality Services (up 19.98 per cent), Times Guaranty (up 18.35 per cent), CNI Research (up 16.24 per cent), Hisar Metal Industries (up 16.23 per cent), Naysaa Securities (up 15.03

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BPCL, HPCL, IOC rally may run out of steam
MUMBAI: The rally in Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), which are among the world’s most expensive refiners, is likely to be limited going ahead, said foreign brokerage CLSA.

IOC, BPCL and HPCL have rallied 19-25 per cent in the past one month on hopes of a stable

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Buy Century Textiles Industries, target Rs 954: Yes Securities
century textiles share price: Buy Century Textiles - Industries, target Rs 954: Yes Securities - The TheIndianSubcontinent

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Buzzing stocks: RPower,RCom, Suzlon Energy, Infosys, Axis Bank
NEW DELHI: Reliance Communications with over 2.87 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of Reliance Power (number of shares traded: 1.17 crore), Suzlon Energy (number of shares traded: 1.10 crore), BHEL (number of shares traded: 0.77 crore), Jubilant Life (number of shares traded: 0.52

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Indian companies have struggled to stay afloat in the past several quarters, but a handful of them have managed to keep the earnings momentum going.

In the quarter ended December 31, 2018, over 40 companies have already surpassed their sales and profits for the entire financial year ending March 31, 2018, despite all odds.

For instance, Bajaj

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Buy ITC, target Rs 305: Yes Securities
Yes Securities has a buy call on ITC with a target price of Rs 305.

The current market price of ITC is Rs 298.10.

Time period given by the brokerage is two weeks when ITC price can reach the defined target.

Yes Securities recommended keeping a stop loss at Rs 290.

"The stock has broken out from a bullish Flag pattern triggering resumption of the

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Buy Indraprastha Gas, target Rs 315: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Indraprastha Gas Ltd. with a target price of Rs 315. The current market price of Indraprastha Gas Ltd. is Rs 300.8. Time period given by the analyst is Intra Day when Indraprastha Gas Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 295. Indraprastha Gas

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Foreign investors driving Nifty rally
Foreign institutional investors have been the driving force behind the Nifty’s 8.8 per cent or 935-point rally from February 19’s low of 10,585.65 through 11,521.05 on March 20.

In the calendar year through March 19, they have purchased shares worth Rs 35,313 crore and equity derivatives worth Rs 36,164 crore. In calendar year 2018, they were

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Buy Larsen Toubro, target Rs 1,655: Sharekhan by BNP Paribas
Sharekhan by BNP Paribas has a buy call on Larsen - Toubro with a target price of Rs 1,655.

The current market price of Larsen - Toubro is Rs 1,375.10.

Time period given by the brokerage is one year when Larsen - Toubro price can reach the defined target.

Investment rationale by the brokerage-

Cash rich balance sheet: L-T’s cash i

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Buy Nestle India, target Rs 11,000: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Nestle India Ltd. with a target price of Rs 11,000. The current market price of Nestle India Ltd. is Rs 10,677. Time period given by the analyst is Intra Day when Nestle India Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 10500. Nestle India Ltd.,

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The big shift: Cash-strapped NBFCs borrow more from banks
KOLKATA: The growth in bank credit has a veritable non-bank link.

Non-banking finance companies’ (NBFC) dependence on bank credit has grown by a huge 48% year-on-year till January, reflecting a shift in focus from money markets to banks for funds amid tighter liquidity condition.

This is the highest growth in any loan segment reported by banks,

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Share market update: PSU Bank shares gain; BoB rises nearly 2%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Wednesday's morning session.

Shares of Bank of Baroda (up 1.73 per cent) , Union Bank of India (up 1.60 per cent) and Oriental Bank of Commerce (up 1.33 per cent) were the top gainers in the index.

Syndicate Bank (up 1.13 per cent) , Bank of India (up 1.04 per cent) , Punjab

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Buy Century Textiles Industries, target Rs 925: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Century Textiles - Industries Ltd. with a target price of Rs 925. The current market price of Century Textiles - Industries Ltd. is Rs 906.4. Time period given by the analyst is Intra Day when Century Textiles - Industries Ltd. price can reach defined target. Dr CK Narayan recommended to

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Fed goes full-on dovish. What does it mean for Indian stocks
The US Federal Reserve was at its dovish best on Wednesday when it kept interest rates steady and signalled that hikes were off the table for the rest of the year as well.

The long pause for the full year on the monetary policy front is in stark contrast to central bank’s earlier projection of two hikes in 2019. Traders said even a rate cut is b

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Sensex may be near record high, but this rally has new leaders in the forefront
NEW DELHI: While BSE Sensex is barely 600 points (or 1.6 per cent) away from its all-time high of 38,989 hit last August, only five index stocks –ICICI Bank, HDFC Bank, Reliance Industries, Axis Bank and Infosys – are reflecting this bullishness.

Analysts said while one may expect the index to hit fresh highs going forward, a majority index stocks

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Weekly Nifty expiry likely around 11,600
The heavy put selling at 11,500 on Tuesday indicates that traders expect weekly Nifty options to expire closer to or at11,600on March20.TheNifty ended up three-fifths of a percent at 11,532.4 Tuesday.

Heavy selling at the 11500 put, which is almost at-the-money, underscores the bullish sentiment.

The put call ratio open interest of the weekly

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Equity, forex, commodity markets closed for Holi
NEW DELHI: Indian equity, forex, debt and commodity markets are closed on Thursday on account of Holi.

Domestic equity benchmarks signalled indecisiveness on Wednesday as the Sensex ended higher for the eighth straight session while the Nifty closed in the red.

Caution crept in ahead of the outcome of the US Fed rate review and investors booked

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Jet Airways shares crack 7% after Etihad's exit signal
NEW DELHI: Shares of Jet Airways (India) cracked nearly 7 per cent in early trade on Wednesday after its partner Etihad expressed its desire to exit the company.

According to an ET report, Etihad has formally asked State Bank of India (SBI) to purchase its stake in the airline. The Abu Dhabi-based company conveyed to SBI its decision to exit Jet

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Top intraday trading ideas for afternoon trade for Tuesday 19 March 2019
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading higher in Tuesday'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.comBank of India is a 'Buy' call with a target price of Rs 105 and a stop loss of Rs 96.

GSFC is

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