StockMarket

Listing price of Arvind Fashions creates confusion; herewhat you need to know
NEW DELHI: Investors of Arvind Fashions faced confusion on Friday, as the demerged entity of Arvind, which got listed on stock exchanges today, opened at a price that was much lower than the Street estimates.

“There was some confusion over the calculations, which the exchanges made based on their understating of the value of the demerged company,”

Details
Category: Stock Market

Write comment (96 Comments)

NEW DELHI: Shares of Arvind Fashions, the de-merged business of Arvind, got listed at Rs 591.75 on BSE. The scrip gained 5 per cent over its listing price to trade at Rs 621.30 in the early trade.

The retailer has a strong portfolio of fashion brands, which predominantly focuses on men casuals and denims. It has good retail presence in value

Details
Category: Stock Market

Write comment (93 Comments)

Sebi exempts family trust linked to Suprajit Engineering from open offer
New Delhi: Markets regulator Sebi Thursday exempted a private family trust related to the promoter group of Suprajit Engineering from the obligation of making an open offer following its proposed acquisition of 38 per cent stake in the firm.

Supriyajith Family Trust had sought exemption from the obligation of making open offer post acquisition of

Details
Category: Stock Market

Write comment (100 Comments)

Azim Premji Trust sells over 2.66 crore Wipro shares
New Delhi: IT major Wipro Friday said one of its promoters, Azim Premji Trust, has sold 2.66 crore shares of the company in a block deal on the BSE.

The company however, did not disclose further details of the transaction.

Following the said block deal, the shares of the company closed at Rs 256.50 Friday, down 4.58 per cent from its previous

Details
Category: Stock Market

Write comment (93 Comments)

Advanced Enzyme, Eclerx Services among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 105.17 points down at 36,620.25 on account of selling in frontline bluechip counters.

Shares of Jindal Poly Investment (up 19.90 per cent) , Hindusthan Urban Infrastructure (up 13.99 per cent), Advanced Enzyme Technologies (up 13.02 per cent), Swarnsarita Gems (up 12.39 per cent),

Details
Category: Stock Market

Write comment (99 Comments)

L T Finance closes NCD issue on second day, raises Rs 2,228 crore
Mumbai: L-T Finance Holdings Thursday announced early closure of its bond issue following a 4.5 times oversubscription, raising a little over Rs 2,228 crore.

The issue was opened on March 6 and was scheduled to close on March 20. The base size of the issue was Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore.

"We

Details
Category: Stock Market

Write comment (90 Comments)

After Market: Equity MF inflows hit new lows; TaMo, Vedanta drop
NEW DELHI: Ignoring bullish domestic cues, investors on Dalal Street focussed on global growth concerns, as equity benchmarks Sensex and Nifty ended lower for the first time in five sessions.

A day after the European Central Bank slashed growth forecasts and announced a new round of economic stimulus, fears of economic slowdown grew stronger after

Details
Category: Stock Market

Write comment (98 Comments)

NEW DELHI: Weak global sentiment clouded Indian equity market as benchmarks Sensex and Nifty fell in the opening deals on Friday.

The concerns over slowing global economic growth grew stronger after the European Central Bank (ECB) slashed its growth forecasts and unveiled plans to deploy additional stimulus to prop up the economy.

Major global

Details
Category: Stock Market

Write comment (91 Comments)

Vedanta declares second interim dividend of Rs 1.85
Mumbai: Natural resources major Vedanta has declared its second equity interim dividend of Rs 1.85 per share, amounting to a total payout of Rs 685 crore .

The dividend makes for 185% on the face value of Re 1 per share for the current financial year.

The record date for the purpose of payment of dividend is March 14, 2019.

The total dividend

Details
Category: Stock Market

Write comment (94 Comments)

By Anurag Joshi and Ameya KarveIndia’s business titans are facing a worrying new development: in recent weeks, shadow lenders have been cutting them off from a key financing channel.

Company founders have long fueled dreams to expand their business empires with loans they get by pledging stakes in their firms. But recent scares have prompted at

Details
Category: Stock Market

Write comment (92 Comments)

Sacheta Metals, TCI Finance among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 90.48 points down at 36,634.94 on Friday on account of selling in frontline bluechip counters.

Shares of Sacheta Metals (down 16.39 per cent), Chemcrux Enterprises (down 11.33 per cent), Fervent Synergies (down 10.45 per cent), Bloom Dekor (down 9.37 per cent), TCI Finance (down 9.33

Details
Category: Stock Market

Write comment (92 Comments)

Market could start pricing in election outcome in coming weeks: Morgan Stanley
Mumbai: Indian stock market could start pricing in a stronger election outcome in the coming weeks causing Nifty to break its four-month range on the upside, while the broader market is likely to outperform the index, said Morgan Stanley.

"The Nifty could be looking to break its 10500-11,000 range to the upside, which it has respected since

Details
Category: Stock Market

Write comment (94 Comments)

Share market update: Pharma shares mixed; Glenmark Pharma dips over 1%
NEW DELHI: Pharma shares were trading on a mixed note in Friday's morning session.

Shares of Biocon (up 0.98 per cent) , Aurobindo Pharma (up 0.55 per cent) , Sun Pharmaceutical Industries (up 0.39 per cent) and Lupin (up 0.19 per cent) were the top gainers in the index.

Glenmark Pharmaceuticals (down 1.59 per cent) , Dr. Reddy's Laboratories

Details
Category: Stock Market

Write comment (96 Comments)

Buzzing stocks: Suzlon Energy, RIL, L T, Axis Bank, YES Bank
NEW DELHI: Suzlon Energy with over 20.26 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of Vodafone Idea (number of shares traded: 6.56 crore) , Reliance Power (number of shares traded: 5.28 crore) , PNB (number of shares traded: 4.88 crore) , IDFC First Bank (number of shares traded: 4.60 crore) ,

Details
Category: Stock Market

Write comment (94 Comments)

ECB pushes out rate hike, offers cheap cash to banks
FRANKFURT: The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy.

The bolder-than-expected move came as the U.S. Federal Reserve and other central banks around

Details
Category: Stock Market

Write comment (98 Comments)

Share market update: IT shares dip; Wipro slips nearly 4%
NEW DELHI: IT shares were trading lower in Friday's morning session.

Shares of Wipro (down 3.70 per cent ) , Infibeam Avenues (down 2.96 per cent ) and HCL Technologies (down 1.25 per cent) were the worst performers in the index.

Infosys (down 1.10 per cent) , NIIT Technologies (down 0.92 per cent) and Oracle Financial Services Software (down

Details
Category: Stock Market

Write comment (100 Comments)

Sell HCL Technologies, target Rs 1005: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has sell call on HCL Technologies Ltd. with a target price of Rs 1005.0 . The current market price of HCL Technologies Ltd. is Rs 1034.6 Time period given by analyst is Intra Day when HCL Technologies Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1051. HCL Technologies Ltd.,
Details
Category: Stock Market

Write comment (92 Comments)

Women asset managers to control $72 trillion by 2020! Look what it means
NEW DELHI: The increase in women equality could boost global GDP by 31 per cent o r $28 trillion -- the size of the US and China combined -- by 2025, said a BofA-ML report, which suggested a $72 trillion of financial assets will be controlled by women by 2020, double the 2010 level and 1.5 times faster than men.

A higher diversity in management is

Details
Category: Stock Market

Write comment (95 Comments)

Tata Motors dips over 2% on weak JLR global sales
NEW DELHI: Tata Motors shares dipped over 2 per cent on Friday morning after the global sales of its struggling British arm Jaguar Land Rover declined 4.1 per cent to 38,288 units in February.

The scrip hovered at Rs 184.95, down 2.25 per cent at around 09:46 am while the benchmark BSE Sensex was down 0.25 per cent at 36,635.27. "China continues

Details
Category: Stock Market

Write comment (100 Comments)

Buy Bank of Baroda, target Rs 121: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Bank of Baroda with a target price of Rs 121. The current market price of Bank of Baroda is Rs 115.15 Time period given by analyst is Intra Day when Bank of Baroda price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 112. Bank of Baroda, incorporated in 1911, has a
Details
Category: Stock Market

Write comment (96 Comments)

After Market: L T-s climb, ICICI Pru-s stake sale most traded stocks
NEW DELHI: Despite ending in the positive territory for a fourth straight day, weak market breadth in Thursday’s session suggested that the bulls were running out of fuel on Dalal Street. On the BSE, 1,349 stocks declined while 1,309 gained.

Subdued global trend ahead of European Central Bank meet and crude oil’s 1 per cent rise weighed on i

Details
Category: Stock Market

Write comment (99 Comments)

Share market update: PSU Bank shares down; OBC dips over 1%
NEW DELHI: Shares of PSU banks were trading in the negative zone in Friday's morning session.

Shares of Oriental Bank of Commerce (down 1.56 per cent) , IDBI Bank (down 1.48 per cent) , Union Bank of India (down 1.25 per cent) and Bank of India (down 1.21 per cent) were the top losers in the index.

Indian Bank (down 1.20 per cent) , Canara Bank (d

Details
Category: Stock Market

Write comment (94 Comments)

Sell Asian Paints, target Rs 1,377: Kunal Bothra
Independent analyst Kunal Bothra has a sell call on Asian Paints Ltd. with a target price of Rs 1377.0 . The current market price of Asian Paints Ltd. is Rs 1397.25. Time period given by the analyst is Intra Day when Asian Paints Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 1406.

Asian Paints Ltd.,

Details
Category: Stock Market

Write comment (92 Comments)

L T gains 3% as construction arm bags large contracts
Shares of Larsen - Toubro (L-T) Thursday gained nearly 3 per cent after the company said its construction arm has bagged large contracts from multiple clients in the domestic market.

The stock rose 2.76 per cent to close at Rs 1,351.25 on the BSE. During the day, it jumped 3.19 per cent to Rs 1,357.

On the NSE, shares went up 2.50 per cent

Details
Category: Stock Market

Write comment (97 Comments)

Wipro shares tank 5% on block deal
NEW DELHI: Shares of Wipro slipped nearly 5 per cent on Friday morning after 2.67 crore shares traded in a block at Rs 260 per share on BSE.

The scrip hovered at Rs 260.40 down 3.13 per cent at around 09:29 am while the benchmark BSE Sensex was down 0.12 per cent at 36,680.72.

Times of India had on Thursday reported Azim Premji Trust, the

Details
Category: Stock Market

Write comment (98 Comments)

Stock market witnessed a lackluster session on Thursday, as it did not make any major headway, despite managing to keep its head above key levels. While witnessing no major directional move, Nifty ended flat with a minor gain of 5.20 points or 0.05 pe cent.

In our previous note, we had expressed concerns about the market lacking breadth and not

Details
Category: Stock Market

Write comment (94 Comments)

Tech view: Hanging Man pattern on Nifty chart suggests bulls losing grip
NEW DELHI: The Nifty50 on Thursday faced selling pressure around the 11,100 level as it ended below the opening level, forming a small bearish candle on the daily chart, which resembled a ‘Hanging Man’ pattern.

While the pattern suggested buying at lows, it also showed that the bulls were losing grip on the market. That said, Nifty holding above

Details
Category: Stock Market

Write comment (98 Comments)

Share market update: Auto shares in the red; Tata Motors down 3%
NEW DELHI: Auto shares were trading in the red in Friday's morning session.

Shares of Tata Motors (down 2.96 per cent) , Tata Motors (DVR) (down 2.95 per cent) , Motherson Sumi Systems (down 2.51 per cent) and Bharat Forge (down 2.15 per cent) were trading lower.

Apollo Tyres (down 1.27 per cent) , Amara Raja Batteries (down 1.05 per cent) , Ashok

Details
Category: Stock Market

Write comment (100 Comments)

Time has come for pleasure of doing business: Suresh Prabhu
Ease of doing business is fine, but time has come for pleasure of doing business, Union minister Suresh Prabhu said on Thursday.

"We need to work out a matrix for not just ease of doing business, but please of doing business. Ease is fine, please is like you enjoy doing business, not to just remove hurdles. Those who play guitar or piano love

Details
Category: Stock Market

Write comment (92 Comments)

F O: Options shift Nifty-s trading band to the 10,888-11,200 range
By Chandan TapariaThe Nifty50 index remained consolidative in a narrow range of 30 points in first half of Thursday’s session, but witnessed some momentum in the latter part as it extended gains towards the 11,090 mark.

However, the index formed a small bearish candle on the daily scale, as it closed below its opening level, but managed to hold

Details
Category: Stock Market

Write comment (95 Comments)