StockMarket

Gold rises on softer dollar, global uncertainties
Gold rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth buoyed demand for the safe-haven metal.

Spot gold had gained by 0.4 per cent to $1,301.58 per ounce, as of 0625 GMT, after shedding about 1 per cent the day before. It was on track for a

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Share market update: IT shares slip; HCL Tech falls 1%
NEW DELHI: IT shares were trading lower in Thursday's morning session.

Shares of HCL Technologies (down 1.23 per cent), Tata Elxsi (down 1.06 per cent) and Oracle Financial Services Software (down 1.04 per cent) were the top losers in the index.

Wipro (down 0.91 per cent) NIIT Technologies (down 0.74 per cent) and Tech Mahindra (down 0.23 per

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Buy Adani Ports Special Economic Zone, target Rs 373.: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Adani Ports - Special Economic Zone Ltd. with a target price of Rs 373. The current market price of Adani Ports - Special Economic Zone Ltd. is Rs 366.4. Time period given by the analyst is Intra Day when Adani Ports - Special Economic Zone Ltd. price can reach defined target. Dr CK
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BSNL's total loss crossed Rs 90,000 crore: Kotak Equities
New Delhi, Kotak Institutional Equities (KIE) has said that state-run telecom firm BSNL's accumulated losses may have crossed Rs 90,000 crore by December end, and asked the government to take a call on either to consider equity infusion to keep the telco afloat or shut it down and bear a one-time loss to save costs.

The report also highlighted a

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A flurry of blockbusters is expected to help multiplexes record robust results for the March 2019 quarter. The net box office collections increased by 34 per cent year-onyear to Rs 1,358.7 crore in the March 2019 quarter following the success of films in Hindi, Hollywood and regional segments such as Simmba, Uri: The Surgical Strike, Gully Boy,
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Buy Bharat Electronics, target Rs 97: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Bharat Electronics Ltd. with a target price of Rs 97. The current market price of Bharat Electronics Ltd. is Rs 93.45. Time period given by the analyst is Intra Day when Bharat Electronics Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 90. Bharat Electronics
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Buy Mindtree, target Rs 1,050: Reliance Securities
Reliance Securities has a buy call on Mindtree with a target price of Rs 1,050.

The current market price of Mindtree is Rs 947.80.

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

The brokerage recently interacted with the management of Mindtree for a business update.

Following are the key

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Share market update: PSU Bank shares dip; OBC down nearly 2%
NEW DELHI: Shares of PSU banks were trading in the negative zone in Thursday's morning session.

Shares of Oriental Bank of Commerce (down 1.94 per cent) , Syndicate Bank (down 1.41 per cent) , Central Bank of India (down 1.03 per cent) and Punjab National Bank (down 1.00 per cent) were the top losers in the index.

Union Bank of India (down 0.97

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Mumbai: The Essel Group has put its mutual fund business on the block in its drive to monetise nonmedia businesses amid concerns over debt repayment, said three persons with direct knowledge of the development.

Srei Mutual Fund Asset Management, Avendus Capital and Lodha Ventures Holdings are currently in the race to acquire Essel Mutual Fund,

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China stocks climb on premier's growth support pledge
HONG KONG: The Chinese stock market closed higher on Friday after Premier Li Keqiang vowed strong measures to boost slowing economic growth.

At the close, the Shanghai Composite index was up 1 per cent at 3,021.75 while the blue-chip CSI300 index was up 1.3 per cent. The Shanghai index rose 1.7 per cent this week while the CSI300 gained 2.4 per

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Share market update: Auto shares in the red; Hero MotoCorp dips over 1%
NEW DELHI: Auto shares were trading in the red in Thursday's morning session.

Shares of Hero MotoCorp (down 1.65 per cent) , Tata Motors (down 1.18 per cent) , Motherson Sumi Systems (down 1.12 per cent) and Bajaj Auto (down 1.10 per cent) were the worst performers in index.

TVS Motor Company (down 1.05 per cent) , Bosch (down 0.96 per cent) ,

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Sensex, Nifty edge higher on buying in select stocks, FII inflows
NEW DELHI: Indian equity benchmarks Sensex and Nifty opened with tepid gains but managed to edge higher as the session progressed shrugging off weak macroeconomic numbers.

India's retail inflation rose to a three-month high of 2.57 per cent in February from 2.05 per cent last month on the back of a modest spike in food and fuel prices.

Another

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Buy Indian Hotels Company, target Rs 193: IDBI Capital
IDBI Capital has a buy call on Indian Hotels Company with a target price of Rs 193.

The current market price of Indian Hotels Company is Rs 150.

Time period given by the brokerage is six months when Indian Hotels Company price can reach the defined target.

IDBI Capital recommended keeping a stop loss at Rs 129.

Investment rationale by the

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Index heavyweights lift Sensex 100 points higher; Nifty above 11,350
NEW DELHI: Indian equities opened higher on Thursday, with buying in select heavyweights including HDFC twins, Reliance Industries and Axis Bank.

The market barometer Sensex remained on the upward trajectory, underpinned by capital inflows in the light of hopes that the RBI may go for a rate cut as the inflation remained under the central bank's

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Spicejet slips 8% as India grounds Boeing 737 MAX
NEW DELHI: Shares of Spicejet slipped 8 per cent and a hit a intra-day low of Rs 72.50 on Wednesday morning on fears that grounding of Boeing 737 MAX aircraft will hurt the airline’s revenue and profitability.

The shares of the airlines had closed at Rs 78.80, down 5.29 per cent yesterday.

The scrip hovered at Rs 74.85, down 5.01 per cent at

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Nikkei ends higher as companies relying on China demand soar
TOKYO: Japan's Nikkei closed higher on Friday as companies with large exposure to China soared on Beijing's commitment to boosting economic growth, while investors also saw signs of progress in US-China trade talks.

There was little impact on the market from the Bank Of Japan's decision to keep monetary policy steady.

The Nikkei share average

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Kwality, KDDL among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 119.14 points up at 37,871.31 on Thursday on account of buying in frontline bluechip counters.

Shares of Crown Tours (down 15.15 per cent) , Resonance Specialties (down 12.83 per cent) , Kiran Vyapar (down 8.06 per cent) , Vama Industries (down 7.62 per cent), KDDL (down 7.55 per

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Pledged Shares: Edelweiss, RPower asked to settle row by fortnight
The Bombay High Court has asked Reliance Power , an Anil Ambani Reliance Group (ADAG) company, and the Edelweiss Group to resolve amicably the dispute over the sale of pledged shares, giving the warring parties a fortnight to arrive at a settlement.

Judges would hear the case again if the two parties failed to reach an agreement beyond the

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Share market update: Private Bank shares gain; Kotak Bank jumps 5%
NEW DELHI: Shares of Private banks were trading in the positive zone in Friday's afternoon session.

Shares of Kotak Mahindra Bank (up 5.54 per cent), IDFC First Bank (up 3.16 per cent), South Indian Bank (up 2.97 per cent) and Federal Bank (up 2.56 per cent) were the top performers in the index.

ICICI Bank (up 2.35 per cent), IndusInd Bank (up

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Credit-risk funds, which were the top performers among debt funds barely a year back, are now sitting at the bottom of the performance charts. These funds fetched a measly 5% average return over the past year — lower than ultra-short duration funds — compared to return of up to 8% a year ago. The returns from these funds have been singed amid the
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Credit-deposit puzzle: Reality bites rates
Everyone wants banks to lower lending rates. But what if depositors are not willing to keep their savings in banks Slower growth in deposits than credit can be a show spoiler, say Joel Rebello - Gayatri NayakWhen New Delhi nationalised lenders five decades ago, primarily to prevent repeated bank failures and ensure the flow of credit to the
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Kotak Securities has a buy call on Engineers India with a target price of Rs 153.

The current market price of Engineers India is Rs 112.90.

Time period given by the brokerage is one year when Engineers India price can reach the defined target.

Investment rationale by the brokerage:Valuation - outlook: We believe that EIL stock is trading at a

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Deep Industries, Redington among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 112.32 points up at 37,864.49 on account of buying in frontline bluechip counters.

Shares of CRP Risk Management (up 18 per cent) , Shankar Lal Rampal Dye-Chem (up 17.69 per cent) , Regency Investments (up 16.05 per cent) , Morarjee Textiles (up 15.05 per cent), Bhilwara Tech (up

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ET Intelligence Group: Despite the usual sluggishness in infrastructure orders from the central government before the general elections, Larsen and Toubro (L-T) is expected to meet its annual order intake guidance considering the momentum of the past two months. The optimism reflects in the stock’s performance, which has gained 11 per cent in a
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Share market update: Pharma shares mixed; Divi's Lab rises nearly 2%
NEW DELHI: Pharma shares were trading on a mixed note in Thursday's morning session.

Shares of Divi's Laboratories (up 1.62 per cent) , Aurobindo Pharma (up 0.96 per cent) , Sun Pharmaceutical Industries (up 0.70 per cent) and Lupin (up 0.23 per cent) were the top gainers in the index.

Dr. Reddy's Laboratories (down 1.19 per cent), Glenmark

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Buzzing stocks: Suzlon Energy, YES Bank, RCom, CG Power, HDFC Life
NEW DELHI: Suzlon Energy with over 9.41 crore shares changing hands was leading among the most traded stocks on NSE on Thursday.

Shares of YES Bank (number of shares traded: 5.89 crore) , Reliance Communications (number of shares traded: 4.26 crore) , CG Power (number of shares traded: 3.37 crore), Reliance Power (number of shares traded: 3.28

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Earlier, we explained the first rule of technical analysis – i.e. ‘price captures everything’. The second rule states that ‘price moves in trends’. Though stock price movements look like random, these trends can be segregated by doing detailed analysis.

1. Why price moves in trendDespite best efforts of regulators, pricesensitive information

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DHFL jumps 4% on reports NHB found no deviation in books
NEW DELHI: Shares of Dewan Housing Finance Corporation (DHFL) jumped 4% in Thursday’s trade on an ET report suggesting NHB has not found any major deviation in the NBFC’s books. A final report is likely to be submitted soon, sources told ET.

The scrip hovered at Rs 133.80, up 4.57 per cent at around 09:33 am while the benchmark BSE Sensex was up

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Firms rush to meet Sebirules on insider trading
Listed firms are rushing to comply with the Securities and Exchange Board of India’s latest insider trading regulations ahead of the March 31 deadline. The regulator had asked companies to frame their insider trading rules in the new financial year starting April 1.

“Pursuant to Sebi’s notification on December 31, 2018, various new compliance req

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Buzzing stocks: CG Power, RCom, Voltas, Nestle India, NMDC
NEW DELHI: CG Power with over 5.97 crore shares changing hands was leading among the most traded stocks on NSE on Wednesday.

Shares of Reliance Communications (number of shares traded: 4.52 crore) , Reliance Power (number of shares traded: 4.18 crore) , JP Associates (number of shares traded: 4.00 crore) , Vodafone Idea (number of shares traded:

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