StockMarket

Share market update: ADAG stocks surge; RCom, R Power jump upto 12%
NEW DELHI: Shares of Anil Ambani led Reliance ADAG Group companies were trading in the positive zone during Monday's trading session after the Reliance Group reached an understanding with more than 90 per cent of its lenders to avoid selling any stock pledged by the promoters until September 30 on account of lower collateral cover or reduced
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Sharp correction in midcaps, smallcaps a chance to accumulate quality stocks
Vikas Jain Senior Research Analyst, Reliance SecuritiesWhere we are: The strong up move in crude prices up by 20per cent year-to-date (YTD) and disappointing December 2018 quarter results of India Inc have been the key reasons for a sharp correction.IT sector has outperformed to gain by 9.5per cent YTD which managed to hold the fall in the market.
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PepsiCo says investments to drive sales will dent profit this year
PepsiCo Inc said on Friday increased investments in advertising and products aimed at boosting sales growth would lead to a fall in profit this year.

In his first major strategic move after taking over as chief executive officer, Ramon Laguarta unveiled plans to cut jobs and restructure plants to save $1 billion annually through 2023 and fund its

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Investing in global companies can give you an edge: Saurabh Mukherjea
Benchmark Nifty is no longer a proxy for India's economic growth, said renowned money manager Saurabh Mukherjea.

Founder of Marcellus Investment Managers in his latest blog said India’s GDP growth (in nominal terms) has averaged 13 per cent while the Nifty saw an annual earnings expansion of 8 per cent during the last 10 years.

He pointed to the

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Indo-Pak tensions, GST meet RBI board meet among 5 factors that will steer D-Street in the week ahead
NEW DELHI: After the domestic equity market witnessed heavy selling during the week gone by, analysts are advising investors to stay cautious in the week ahead. Concerns over US-China trade talks, mixed corporate earnings and border tensions following the terrorist attack at Pulwama in the Kashmir mainly influenced market sentiment last week.

BSE

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Wall Street week ahead: Profit estimates may be adding in too much cost risk
NEW YORK: As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.

Forecasts for US earnings, after a big boost from corporate tax cuts in 2018, are falling sharply in 2019. But revenue

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Dewan Housing shares jump on stake sale report
Shares of Dewan Housing Finance Corp Ltd rose as much as 7 per cent on Monday after The TheIndianSubcontinent reported that Baring Pvt Equity, Bain Capital and Hero Fincorp are in talks to buy a stake in the debt-laden housing finance company.

The stock has been under pressure since investigative media outlet Cobrapost had alleged last month that

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Tech Mahindra board to meet on Feb 21 to consider share buyback
IT firm Tech Mahindra Saturday said its board will meet on February 21 to consider a share buyback proposal. However, the company did not disclose any other details of the proposal.

"the Board of Directors of the company at their meeting scheduled on Thursday, February 21, 2019 shall inter-alia consider a proposal to buy-back the fully paid-up

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Big US exchanges to sue SEC over 'overreaching' fee experiment
NEW YORK: The three largest US stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.

“We disagree with the government overreach, and this really represents an unprecedented a

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Share market update: Auto shares in the red; Bosch dips over 2%
NEW DELHI: Auto shares were trading in the red in Monday's morning session.

The Nifty Auto index was trading 1.10 per cent down at 8043.40 around 11:08 am.

Shares of Bosch (down 2.62 per cent), TVS Motor Company (down 2.07 per cent), Bajaj Auto (down 1.84 per cent)and Mahindra - Mahindra (down 1.65 per cent) were the top losers in the index.

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The week gone by was quite dismal for the equity market, as it ended in the negative for all five sessions of the week. After a failed breakout on the daily charts, Nifty fell back into the broader trading range and drifted even lower. The index has been defending the 50-week moving average for over eight weeks now but after the previous week’s d
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Fed policymakers see one US rate hike, or none, as growth slows
SAN FRANCISCO: When the Federal Reserve last month adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing.

This week, as disappointing US retail sales and industrial production data raised the prospect that

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RIL, YES Bank among 10 stocks that analysts say may give solid returns in 2-3 weeks
NEW DELHI: The domestic equity market’s bearish momentum continued on Monday, as benchmark Sensex slipped over 200 points in early trade amid selling across most sectors.

While rupee’s weakness was cited as the immediate trigger for the selling spree, uninspiring December quarter earnings, a spike in crude oil prices, geopolitical tension on the Ka

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The week in 10 stocks: YES Bank, Jet grab eyeballs; sugar stocks turn sweeter
The pain was written all over the stock market's face as benchmark indices Sensex and Nifty tumbled 2 per cent each during the past five sessions.

While the BSE barometer took a beating of 738 points to settle at 35,809 for the week to February 15, its NSE counterpart lost 219 points to hit 10,724. The pessimism ran so high that the indices could

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Sensex posts longest losing streak in a year; no place to hide for investors
Mumbai: India’s benchmark equity index Sensex posted its longest losing streak in a year, as it fell for seven days in a row to hit its lowest close in two weeks on Friday.

Investors’ confidence was hammered by the steep decline in shares of certain largecap and midcap companies amid mixed corporate earnings. Investors turned cautious ahead of the

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Link Pharma, AGC Networks among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 165.14 points down at 35,643.81 on Monday on account of selling in frontline bluechip counters.

Shares of Kanel Industries (down 19.53 per cent), Hind Everest (down 19.23 per cent), Bhagyanagar Industries (down 17.21 per cent), Chokhani Securities (down 14.48 per cent), Regency

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FIIs sell big in Q3 on rising oil, US bonds, strong dollar
Coimbatore: Volatile crude oil prices, a strong dollar and rising US bond yields has resulted in foreign institutional investors (FIIs) turning into big sellers in the Indian market. Out of the 425 companies on the BSE-500 index for which shareholding data is available for the quarter ending December (Q3), there has been a decline in FII holdings
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Individual bankruptcy norms in the works: IBBI Chief
Mumbai: Failure to repay home loans might drag future defaulters to dedicated bankruptcy courts as New Delhi is seeking to put in place a broad framework on individual insolvency two years after it revamped such laws for stressed companies.

Three sets of entities will fall under the individual insolvency code. They would include the personal

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RCom, RPower among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 166.34 points down at 35,642.61 on account of selling in frontline bluechip counters.

Shares of Oil Country Tubular (up 20 per cent) , Tarini International (up 19.95 per cent) , P G Foils (up 19.66 per cent) , Comfort Commotrade (up 17.89 per cent) , Duke Offshore (up 14.82 per cent)

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By DK AggarwalOver the past few months, Indian stock markets have slipped from their earlier buoyant levels. They have been impacted by a host of domestic issues as well as global headwinds such as an uncertain trade backdrop, weak global growth outlook and Fed's rate trajectory, to name a few.

A spike in US bond yields and strengthening US dollar

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Mumbai: Shares of Page Industries tumbled as much as 9 per cent on Friday even after the company reported strong results for the quarter to December.

Some analysts said the move to Ind-AS 115 accounting standards resulted in higher revenue accretion. The company’s decision to discontinue segmental disclosures also did not go down well with a

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Buzzing stocks: YES Bank, RCom, RIL,Dr. Reddy's Lab, TCS
NEW DELHI: Reliance Communications with over 4.95 crore shares changing hands was leading among the most traded stocks on NSE on Monday.

Shares of YES Bank (number of shares traded: 4.21 crore), Reliance Power (number of shares traded: 3.06 crore), Suzlon Energy (number of shares traded: 1.46 crore), Reliance Infra (number of shares traded: 1.18

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The domestic equity market fell steadily everyday during the week gone by in spite of positive global cues. Despite good numbers from Sun Pharma (PAT up by 75 per cent), United Breweries (profit jumped two-fold to Rs 109 crore), MMTC (348 per cent growth in PAT), the market succumbed to profit booking on political uncertainty and higher valuation
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Mumbai: Shares of Dr Reddy’s Laboratories recovered sharply after falling as much as 30 per cent in intra-day trade and ended Friday 4 per cent lower, likely pointing to easing concerns over an import alert after a US regulatory report on a key plant of the drugmaker.

The stock ended the day at Rs 2,563.35 apiece after plunging in early trade. A Je

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Sensex drops 150 points, Nifty below 10,700; YES Bank sheds 4%
NEW DELHI: Benchmark indices on Monday saw a positive opening but the further weakening of rupee hurt sentiment, dragging the indices into the red.

At 9.40 am, the BSE Sensex was trading 148 points, or 0.41 per cent, lower at 35,661. The index was up over 50 points in early trade. Nifty50 fell 43 points or 0.40 per cent to 10,681. This index was

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By Ameya Karve

Avendus Capital has started accepting money for one of India’s first funds to base investment decisions on environment, social and governance parameters as investor concerns about governance at Indian companies surge.

“Traditionally, university endowments and pension funds tend to participate in ESG. But we are now seeing a lot of a

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RBI pulls up YES Bank for making public its confidential report
The Reserve Bank of India has warned Yes Bank with regulatory action for making public its observation of the bank’s risk assessment report (RAR), which had said there was no divergence between what the bank reported as non-performing assets and that identified by the regulator.

In a late evening notice to stock exchanges, Yes Bank said the

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Any bounce in Nifty will be a sell on rise opportunity
By Nagaraj Shetti Technical research analyst, HDFC SecuritiesWhere we are: The downside momentum continued in the Nifty for the sixth consecutive session on Friday. A negative candle has been formed with long lower shadow. This daily candle pattern is resembling a bullish hammer pattern, but not a classical one. However this pattern is indicating
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Deal or delay Wall Street doesn't believe no-deal Brexit threat
LONDON: As the United Kingdom’s Brexit crisis deepens, Goldman Sachs and JPMorgan have differing views of the ultimate outcome but the two titans of Wall Street agree on one thing: They don’t believe there will be a no-deal Brexit.

Unless Prime Minister Theresa May can get a Brexit deal approved by the British parliament, then she will have to

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Bharat 22 to buy Rs 2,500 crore worth of shares from market
Mumbai: Bharat 22 ETF is expected to buy shares worth Rs 2,500-3,000 crore from the open market to maintain government’s stake at or over 52 per cent in the state-run companies that are part of the exchange-traded fund, after its follow-on offer that closed on Thursday.

The fund’s manager, ICICI Prudential Mutual Fund, would buy the shares from t

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