StockMarket

F O: Nifty forms bullish candle as every dip getting bought into
By Chandan TapariaThe Nifty50 index opened positive and consolidated for most part of the session and managed to hold above 10,850 level on Friday. It formed a bullish candle on the daily and weekly scales, which suggests every dip got bought into at lower levels.

Now it has to continue to hold above 10,777 level to extend the move towards 10,929

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Nalco declares interim dividend of Rs 4.50 per share
NEW DELHI: Aluminium maker Nalco on Friday declared an interim dividend of Rs 4.50 per share for 2018-19.

"The board of directors of the company has approved payment of interim dividend at the rate of Rs 4.50 per share on the paid-up equity share capital of Rs 932.81 crore for the financial year 2018-19," Nalco said in a regulatory filing.

The

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If you find a stock where the company enjoys a competitive advantage, has a moat and has been reporting steady earnings growth, lap it up.

There have been instances of stocks with such traits delivering mouth-watering returns! In one case, an investment of just Rs 10,000 grew to Rs 1.50 crore in 10 years.

In the case of Westlife Development, the

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Nifty, Sensex end positive as Indo-Pak tensions cool
NEW DELHI: Buoyed by cooling of tensions between India and Pakistan, key stock indices snapped their three-day losing streak on Friday.

Investor sentiment turned for the better on Prime Minister Narendra Modi's re-election prospects.

Positive global cues kept the bulls of Dalal Street in high spirits.

BSE's Sensex ended above the 36,000 mark at

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Investor rush for high dividend yield stocks lifts Bharat 22 ETF returns
As investors chase dividend-paying stocks on Dalal Street in an uncertain market, it has spelt good times for Bharat 22 ETF, the exchange-traded fund that made news this past fortnight with record subscription to its third tranche offering.

In a volatile market with mixed outlook, companies with a strong track records of doling out dividends are fi

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Religare, CG Power among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 170.62 points up at 36,038.06 on account of buying in frontline bluechip counters.

Shares of Comfort Commotrade (up 18.75 per cent), Capital Trade Links (up 18.24 per cent), Ashapura Mine (up 14.29 per cent), Religare (up 14.25 per cent), Zodiac Clothing (up 14.03 per cent) , India

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Jaitley addresses Sebi board, apprised of market developments
NEW DELHI: Finance Minister Arun Jaitley on Friday addressed regulator Sebi's board members and senior officials and took stock of recent developments in the Indian securities market.

Jaitley appreciated various initiatives taken by the Securities and Exchange Board of India (Sebi), the regulator said in a statement.

Sebi Chairman Ajay Tyagi appr

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Top intraday trading ideas for afternoon trade for Friday 01 March 2019
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading higher on account of buying in frontline bluechip counters 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.comSAIL is a 'Buy' call with a target price

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Buzzing stocks: YES Bank, RPower, SAIL, TCS, Suzlon Energy
NEW DELHI: Reliance Power with over 2.85 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of SAIL (number of shares traded: 2.31 crore), Suzlon Energy (number of shares traded: 1.74 crore), CG Power and Industries (number of shares traded: 1.70 crore), YES Bank (number of shares traded: 1.50 crore), NALC

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GDR manipulation: Sebi bans Commex Technology for 5 years
Markets regulator Sebi has barred Commex Technology and two of its former directors from the capital markets in a matter related to manipulation in issuance of a global depository receipts (GDR). Commex has been barred for five years and its former directors -- Adi Cooper and Kishore Hegde -- for two years, as per Sebi's order dated February 28.

T

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SBI Life Insurance shares jump 6% after plunging 12%
NEW DELHI: Shares of SBI Life Insurance Company witnessed high volatility as the stock rebounded 6 per cent after plunging 12 per cent on NSE in Friday's session on reports of a block deal.

According to Bloomberg data, about 7.88 crore shares or 7.9 per cent equity of the company changed hands in 35 block deals on BSE.

Shares of the company opened

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ET Intelligence Group: When there is renewed interest in the stock of a sector leader, it is an indication of improving fundamentals in that sector.

This is exactly the case with India’s largest cement manufacturer by capacity, UltraTech Cement. In the three years through this January, the stock had underperformed the Nifty50 index. In the past

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Lenders make a beeline for IOC loan blockbuster
HONG KONG: State-owned Indian Oil Corporation bumped up its latest five-year borrowing to $1.7 billion, its largest offshore loan on record, following an overwhelming response from lenders despite seemingly tight pricing.

A total of 17 lenders joined mandated lead arrangers and bookrunners State Bank of India and Westpac on the deal, in a rare

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Share market update: 19 stocks hit 52-week lows on NSE
NEW DELHI: Around 19 stocks fell to touch their 52-week lows on NSE in Friday's session.

Among the stocks that touched their 52-week lows were Arrow Greentech, Astec LifeSciences, Mask Investments and Nila Spaces.

Shirpur Gold Refinery, Visagar Polytex and Rohit Ferro-Tech also featured among the stocks that touched their 52-week lows on NSE.

On

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Crowd funding platforms rush to Sebi for alternative investment fund tag
MUMBAI: Top crowd funding platforms lined up to register themselves as alternative investment funds (AIFs) after the Securities and Exchange Board of India (Sebi) pulled them up for not following private placement norms. All major crowd funding platforms, including One Crowd, Let’s Venture and Angel List, have registered with Sebi as (AIFs) in the
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Carlyle buys 9% stake in SBI Life from BNP Paribas Cardif
New Delhi: SBI Life Insurance Friday said global investment firm Carlyle Group has acquired nine per cent stake in the life insurer from BNP Paribas Cardif.

At the current market price, Carlyle would have paid Rs 5,445 crore for the nine crore shares picked up from the open market.

Following the transaction, Cardif's stake in SBI Life has come

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Sugar stocks jump after cabinet approves funds to clear sugar dues
NEW DELHI: Most sugar stocks jumped higher in Friday's session, a day after India's cabinet approved funds to pay interest on loans to the sugar industry.

India's cabinet on Thursday approved a plan to spend up to Rs 1,054 crore to pay interest on loans to the sugar industry for a year, in a bid to help sugar mills clear their dues to farmers.

Shar

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Bharti Airtel shares slip 4% on fund-raising plans; here's why
NEW DELHI: Markets reacted negatively to the fund-raising plan of Bharti Airtel as the shares of the company fell over 4 per cent in early trade on Friday.

Shares of Bharti Airtel cracked a day after the telecom heavyweight announced that its board approved plans to raise as much as Rs 32,000 crore ($4.5 billion) through equity and bond sales in

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Nikkei ends 1% up on futures buying, posts 3rd week of gains
TOKYO: Tokyo's Nikkei share average surged to 2-1/2-month highs on futures buying after the dollar rose against the yen on the back of strong US economic growth, giving Japanese exporters a boost.

The Nikkei rose 1.0 per cent to 21,602.69, the highest close since December 13. For the week, the benchmark index gained 0.8 per cent and posted its

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Share market update: Auto shares up despite muted sales data
NEW DELHI: Most auto shares were trading in the green in Friday's morning session despite muted auto sales data.

According to analysts, auto sales are expected to remain muted in February due to weak demand from consumers and inventory stuck with dealers.

Shares of Ashok Leyland erased gains and fell as much as 2.4 per cent to Rs 84.40 as its

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Share market update: BSE Power index rises; Suzlon Energy jumps 4%
NEW DELHI: The S-P BSE Power index was up with its components trading higher in Thursday's afternoon session.

Shares of Suzlon Energy (up 4.17 per cent) , NTPC (up 1.33 per cent) , Power Grid Corporation of India (up 1.32 per cent) and KEC International (up 1.28 per cent) were the top gainers in the index.

Adani Transmission (up 0.59 per

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Share market update: Nifty Pharma index up; Lupin, Biocon among top gainers
NEW DELHI: Pharma shares were trading with gains in Friday's afternoon session with its sectoral index trading in the green.

Shares of Piramal Enterprises (up 1.46 per cent), Lupin (up 1.41 per cent), Aurobindo Pharma (up 0.95 per cent) and Biocon (up 0.57 per cent) were the top gainers in the index.

Cadila Healthcare (up 0.55 per cent), Sun

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MSCI to quadruple China A-shares weightage in global benchmarks
NEW YORK/SHANGHAI: Global index provider MSCI is quadrupling the weighting of Chinese mainland shares in its global benchmarks later this year, a move it said might draw more than $80 billion of fresh foreign inflows to the world's second-biggest economy.

The weighting increase, announced on Thursday, may be a milestone in Beijing's efforts to

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Share market update: OMCs trade in the green; GAIL up nearly 2%
NEW DELHI: OMCs were trading in the green in Thursday's afternoon session keeping their sectoral index on BSE in the positive zone.

Shares of GAIL (India) (up 1.64 per cent), Indian Oil Corporation (up 1.56 per cent), Bharat Petroleum Corporation (up 0.91 per cent) and Reliance Industries (up 0.81 per cent) were the top performers in the index.

Hi

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Share market update: IT shares mixed; Tata Elxsi up 2%
NEW DELHI: IT shares were trading on a mixed note in Friday's afternoon session.

Shares of Tata Elxsi (up 2.16 per cent), Mindtree (up 1.44 per cent), Infibeam Avenues (up 0.70 per cent) and Infosys (up 0.65 per cent) were the top gainers in the index.

Wipro (down 0.27 per cent), HCL Technologies (down 0.18 per cent), NIIT Technologies (down 0.11

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Essar Shipping, Link Pharma among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 162.82 points up at 36,030.26 on Friday on account of buying in frontline bluechip counters.

Shares of Tourism Finance (down 18.33 per cent), Innovassynth Investments (down 14.29 per cent), Atishay (down 11.21 per cent), Link Pharma (down 10.71 per cent), Simplex Casting (down 10.33

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Share market update: Bank shares up; YES Bank, SBI among top gainers
NEW DELHI: Bank shares were trading in the green in Thursday's morning session.

Shares of Federal Bank (up 1.41 per cent) , IDFC First Bank (up 0.67 per cent) , RBL Bank (up 0.66 per cent) and State Bank of India (up 0.54 per cent) were trading with gains.

YES Bank (up 0.53 per cent) , HDFC Bank (up 0.37 per cent) , IndusInd Bank (up 0.34 per

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Share market update: Bank shares gain; IDFC First Bank jumps 5%
NEW DELHI: Bank shares were trading higher in Friday's afternoon session.

Shares of IDFC First Bank (up 5.03 per cent), Bank of Baroda (up 4.36 per cent), Punjab National Bank (up 4.15 per cent) and IndusInd Bank (up 2.19 per cent) were the top gainers in the index.

YES Bank (up 1.86 per cent), State Bank of India (up 1.43 per cent), RBL Bank (up

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Jet Airways shares rise after report of chairman stepping down
Shares of Jet Airways Ltd jumped as much as 6 per cent on Friday, a day after two sources told Reuters that founder Naresh Goyal had agreed to step down as chairman.

Goyal, who founded the full-service carrier 25 years ago, has also agreed to reduce his 51 per cent stake in the airline but would continue to be part of the company in some capacity

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Election jitters to keep India stock market on edge: Poll
BENGALURU: How Indian shares fare this year will depend heavily on the outcome of national elections in May, with market experts polled by Reuters saying a majority win for the ruling party would be the most favourable outcome for equities.

Since hitting a record high of 38,989.65 on August 29, the BSE Sensex has fallen roughly 8 per cent. This

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