StockMarket

L T, Mindtree shares fall up to 2% post stake deal
NEW DELHI: Shares of Larsen - Toubro (down 1.58 per cent) and Mindtree (down 1.92 per cent) dropped Tuesday morning as the engineering conglomerate bought a 20.32 per cent stake in the IT exporter for Rs 3,269 crore from early investor V G Siddhartha.

Larsen - Toubro Infotech (up 0.11 per cent) moved with nominal gains.

The Mumbai-based

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N K Industries, K P Energy among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 46.64 points up at 38,141.71 on Tuesday on account of buying in frontline bluechip counters.

Shares of N K Industries (down 18.35 per cent), Gleam Fabmat (down 16.11 per cent), D - H India (down 12.95 per cent), Palm Jewels (down 10.66 per cent), Pro Finance Capital Services (down

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Tech View: Nifty50 forms indecisive Doji, 11,400 level crucial for upside
NEW DELHI: The Nifty50 climbed for the sixth consecutive session on Monday, but formed an indecisive ‘Doji’ candle on the daily chart, a pattern common at higher levels. While the candle suggested no reversal, it showed investors are unsure what to do at higher levels and weakness may creep in soon.

The index has so far sustained above the 11,400

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Share market update: Realty shares mixed; Indiabulls Real Estate jumps 3%
NEW DELHI: Realty shares were mixed in Tuesday's morning session with their sectoral index trading with gains.

Shares of Indiabulls Real Estate (up 3.27 per cent) , Godrej Properties (up 3.24 per cent), Sobha (up 2.33 per cent) and Oberoi Realty (up 0.65 per cent) were trading with gains.

Sunteck Realty (down 1.60 per cent) , Phoenix Mills (down

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ADAG stocks surge after RCom clears Ericsson's dues
Shares of Anil Ambani led Reliance ADAG Group companies surged upto 10 per cent in Tuesday's morning trading session after Reliance Communications completed paying Swedish telecom gear maker Ericsson nearly Rs 580 crore, thereby ensuring telco’s chairman Anil Ambani does not go to jail.

"With Monday’s payment of Rs 462 crore, the debt-laden telco

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REITs: The Moment of Truth
Indian investors keen on real estate as an asset class are on the cusp of getting a new investment option in the form of REITs, modelled on the lines of mutual funds. This comes as a new and sophisticated investment option for the real estate market, which has been a traditionally favored asset class for most investors.

On Monday, Embassy Office

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Share market update: Bank shares bullish; PNB climbs over 3%
NEW DELHI: Bank shares were trading in the positive zone in Tuesday's morning session.

Shares of Punjab National Bank (up 3.46 per cent) , State Bank of India (up 1.96 per cent) , Federal Bank (up 1.64 per cent) and Bank of Baroda (up 1.29 per cent) were the top performers in the index.

RBL Bank (up 1.19 per cent) , YES Bank (up 1.16 per cent) ,

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Sensex rises 50 points, Nifty50 tests 11,500 on caution in Asian markets
NEW DELHI: Headline indices Sensex and Nifty opened with healthy gains on Tuesday as investor sentiment remained positive on hopes of that the US Fed will sound dovish in its policy meet.

Rupee's gain against the US dollar, FPIs inflows and easing crude oil remained among other factors that underpinned the rally in the market.

Foreign portfolio

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F O: Nifty50 extends gains, but spike in India VIX may cap upside
By Chandan TapariaNEW DELHI: The Nifty50 index opened positive, but failed to hold above 11,500 and slipped towards the 11,400 level. However, it recovered from the day’s low and closed near its opening levels to form a long legged candle, which is similar to a spinning top.

The index has been forming higher highs and higher lows from the past

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Share market update: Nifty FMCG index flat; Jubilant Foodworks up nearly 2%
NEW DELHI: FMCG shares were mixed in Tuesday's morning session with their sectoral index trading on a flat note.

Shares of Jubilant Foodworks (up 1.87 per cent), Tata Global Beverages (up 1.37 per cent), ColgatePalmolive (India) (up 0.79 per cent) and Marico (up 0.50 per cent) were trading higher.

Britannia Industries (down 1.07 per cent), Godrej

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Share market update: Auto shares in the red; TVS Motor down 3%
NEW DELHI: Auto shares were trading in the red in Tuesday's morning session.

Shares of TVS Motor Company (down 3.19 per cent), Eicher Motors (down 2.65 per cent), Hero MotoCorp (down 2.03 per cent) and Bajaj Auto (down 1.56 per cent) were the top losers in the index.

Ashok Leyland (down 1.14 per cent ), Maruti Suzuki India (down 1.01 per cent),

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RCom staves off jail term for Anil Ambani, pays Ericsson Rs 462 crore
Reliance Communications (RCom) has staved off a jail term of three months for its chairman Anil Ambani by paying Swedish telecom equipment maker Ericsson dues of Rs 462 crore, ending the year-long legal battle between the two companies.

Ericsson's lawyer confirmed receipt of the payment. As per Supreme Court’s orders, March 19 was the last day to m

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NEW DELHI: While benchmark equity indices are hovering around record high levels, as many as 52 stocks are showing signs of imminent weakness.

Momentum indicator moving average convergence divergence, or MACD has signalled downward crossovers – a sign of bearish undertone –on these counters, hinting at possible downsides in the days ahead.

Many

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JM Financial, RCom among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 32.73 points up at 38,127.80 on Tuesday on account of buying in frontline bluechip counters.

Shares of Stellar Capital Services (up 19.89 per cent), Rasi Electrodes (up 16.11 per cent), Ambition Mica (up 14.80 per cent), Baba Arts (up 11.05 per cent), ABC India (up 10.93 per cent),

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L T Infotech-s hostile bid: What does it mean to Mindtree investors
NEW DELHI: The brewing contest between L-T Infotech and the promoters of Mindtree is positive for latter’s minority shareholders, says Dalal Street experts.

L-T Infotech and Mindtree’s largest shareholder VG Siddhartha of the Cafe Coffee Day Group are said to be closing in on a deal where the latter could sell his 21 per cent stake in the

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Coal India’s standing with investors as a ‘dividend play’ could take a beating after the near-monopoly government miner declared interim dividends that fell below Street expectations.

Edelweiss said the company’s dividend payout for FY19 would be much lower compared to previous years as Coal India, whose output fires the country’s thermal power p

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Buzzing stocks: RPower,RCom,Suzlon Energy, RIL, IOC
NEW DELHI: Reliance Power with over 11 crore crore shares changing hands was leading among the most traded stocks on NSE on Tuesday.

Shares of Suzlon Energy (number of shares traded: 9.67 crore) , Reliance Communications (number of shares traded: 7.01 crore) , Indian Oil Corp (number of shares traded: 4.15 crore) , South Indian Bank (number of

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Sensex hits fresh 6-month high, Nifty reclaims 11,450 level
NEW DELHI: Stocks wriggled out of a tough situation on Monday and ended positive for the sixth straight session, saved just in time by a rally in banking shares.

Market participants factored in an accommodative stance by the US Fed at its next policy meet, which added to the appeal of equities.

A narrowing trade deficit and FII buying offered more

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Share market update: Metal shares advance; Welspun Corp gains over 2%
NEW DELHI: Metal stocks were trading with gains in Tuesday's session, keeping their sectoral index on NSE in the positive zone.

The Nifty Metal index was trading 0.52 per cent up at 3044.15 around 10:40 am.

Shares of Welspun Corp (up 2.37 per cent), Steel Authority of India (SAIL) (up 2.06 per cent), Jindal Stainless (Hisar) (up 1.72 per cent)

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Bank of Baroda share price: Buy Bank of Baroda, target Rs 126: Manas Jaiswal - The TheIndianSubcontinent

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A Modi win in election to trigger an FPI rush into Indian equity: Julius Baer
India’s air strike in Balakot in Pakistan has bolstered BJP’s poll chances, leading to a pick-up in foreign inflows into the country, said Julius Baer MD Mark Matthews.

“Since the Kashmir flare-up, there has been an increase in the BJP's standing and that is probably one of the reasons why you have seen a pick-up in foreign flows into India,” M

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Bank Nifty set for a potential tryst with 30,500-mark in March series
The Bank Nifty has set its sights on the 30.5k mark within the current derivatives series which expires on March 28, traders’ action on Monday indicates. A dip of the index to 29,500 or slightly below could be bought into, data show. The potential support in case of an unforeseen event is at 28,500. The spot Bank Nifty closed up at 0.7% at 2
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Buy Mahanagar Gas, target Rs 1,000: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Mahanagar Gas Ltd. with a target price of Rs 1000. The current market price of Mahanagar Gas Ltd. is Rs 950.6. Time period given by the analyst is Intra Day when Mahanagar Gas Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 935.

Mahanagar Gas Ltd.,

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SBI central board to meet for extension of capital raising timeline
State Bank of India (SBI) Monday said its central board will meet later this week to consider extension of approval accorded by it for raising equity capital of up to Rs 20,000 crore from the market till the end of fiscal 2020.

In December last year, shareholders of the country's largest lender approved its plans to raise up to Rs 20,000 crore

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Share market update: IT shares mixed; Mindtree dips nearly 2%
NEW DELHI: IT shares were trading on a mixed note in Tuesday's morning session.

Shares of HCL Technologies (up 1 per cent), NIIT Technologies (up 0.42 per cent), Infosys (up 0.11 per cent) and Tata Elxsi (up 0.03 per cent) were the top performers in the index.

Mindtree (down 1.82 per cent), Tata Consultancy Services (down 0.99 per cent), Infibeam

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Central Bank of India to raise up to Rs 270 cr via ESPS
New Delhi: State-owned Central Bank of India will raise up to Rs 270 crore by issuing shares to its staff under the employee share purchase scheme (ESPS).

The bank's board on Monday approved a proposal to raise equity capital by issuance and allotment of up to 10 crore shares at the issue price of Rs 27 per share, Central Bank of India said in a

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Share market update: Media shares mixed; PVR jumps over 3%
NEW DELHI: Media shares were trading on a mixed note in Monday's afternoon session.

Shares of PVR (up 3.61 per cent), Network 18 Media - Investments (up 1.59 per cent), Zee Entertainment Enterprises (up 0.67 per cent) and Hathway Cable - Datacom (up 0.57 per cent) were the top gainers in the index.

Eros International Media (down 4.02 per

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Share market update: PSU Bank shares gain; PNB up over 2%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Tuesday's morning session.

Shares of Punjab National Bank (up 2.60 per cent) , Union Bank of India (up 2.45 per cent) , Bank of India (up 2.37 per cent) and Vijaya Bank (up 2.11 per cent) were the top gainers in the index.

Oriental Bank of Commerce (up 1.60 per cent) , Canara Bank

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After Market: Mindtree soars on takeover buzz; Bandhan, Maruti skid
NEW DELHI: Gains in shares of banking, financials, oil - gas and metal heavyweights helped the equity benchmarks log solid gains for the sixth consecutive session on Mo nday.

The market opened with strong gains, but turned volatile amid profit booking in certain sectors, including auto, IT and technology. Volatility index India VIX jumped

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Share market update: Nifty Financial Services index rises; MFSL climbs 3%
NEW DELHI: The Nifty Financial Services index was trading higher with its components trading on a mixed note.

Shares of Max Financial Services (up 3.20 per cent) , Axis Bank (up 1.80 per cent) , Power Finance Corporation (up 1.79 per cent) and Bajaj Finance (up 1.72 per cent) were trading higher.

Shriram Transport Finance Company (down 2.77 per

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