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Indian markets are facing a risk that growing uncertainty about the outcome of the upcoming general elections will lead to a slowdown in inflows into domestic equity funds, which have been the main driver of the stock market since Prime Minister Narendra Modi was elected in May 2014, said CLSA’s chief strategist Christopher Wood in his weekly n
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Share market update: Nifty Pharma index dips; Dr. Reddy's Lab plunges 9%
NEW DELHI: Pharma shares were trading with losses in Friday's morning session with its sectoral index trading in the red.

Shares of Dr. Reddy's Laboratories (down 9.21 per cent), Glenmark Pharmaceuticals (down 4.54 per cent), Divi's Laboratories (down 3.41 per cent)and Sun Pharmaceutical Industries (down 3.29 per cent) were the worst performers in

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If Amazon, Flipkart sale is good, so is sale on stock exchanges
When an unpredicted event occurs, we immediately adjust our view of the world to accommodate the surprise. Imagine yourself before a football game between two teams that have the same record of wins and losses. Now the game is over, and one team trashed the other. In your revised model of the world, the winning team is much stronger than the
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Cognizant agrees to pay $25 million to settle SECbribery charge
Mumbai: US-based Cognizant Technology Solutions has agreed to pay $25 million (Rs 178 crore) to settle charges towards violation of the Foreign Corrupt Practices Act (FCPA), the Securities and Exchange Commission (SEC) said.

The US regulator said Friday that two former Cognizant executives were charged for their roles in facilitating payments of

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Share market update: PSU Bank shares down; Indian Bank dips 2%
NEW DELHI: Shares of PSU banks were trading in the negative zone in Friday's morning session.

The Nifty PSU Bank index was trading 0.76 per cent down at 2727.90 around 10:19 am.

Shares of Indian Bank (down 2.34 per cent), Canara Bank (down 1.86 per cent), Syndicate Bank (down 1.55 per cent) and Oriental Bank of Commerce (down 1.36 per cent) were

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The impact significance of tax changes
By Dinesh KanabarNo one expected the last (albeit interim) Budget of the current government to be a humdrum affair. And although there were no path-breaking announcements, there were some changes in the tax regime that could be quite far reaching in their own right.

These included tax relief in the form of rebate for individuals with income of up

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A consortium of banks, along with the National Investment and Infrastructure Fund (NIIF) and Etihad, will invest about Rs 3,400 crore in Jet Airways, leading to a much-reduced holding for founder Naresh Goyal, a change in management control and lenders with the biggest stake. Following the infusion, which will be in phases, the consortium of
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ONGC jumps 6% post strong Q3 earnings
NEW DELHI: Shares of ONGC jumped over 6 per cent on Friday morning after the company posted 64.77 per cent year-on-year rise in profit at Rs 8,262.70 crore for the quarter ended December 31.

The scrip hovered at Rs 139 up 5.22 per cent at around 09:48 am while the benchmark BSE Sensex was down 0.23 per cent at 35,792.96.

The oil major had posted

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Buy Mahindra Mahindra Financial Services, target Rs 410: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Mahindra - Mahindra Financial Services Ltd. with a target price of Rs 410. The current market price of Mahindra - Mahindra Financial Services Ltd. is Rs 388.6. Time period given by the analyst is Intra Day when Mahindra - Mahindra Financial Services Ltd. price can reach the defined
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Dalmia Bharat Sugar Q3 profit down 20% at Rs 43 cr
NEW DELHI: Dalmia Bharat Sugar and Industries has reported a 20 per cent decline in net profit at Rs 43.36 crore for the third quarter ended December 2018.

Net profit stood at Rs 54.24 crore in the December quarter of 2017-18, the company said in a regulatory filing.

Total revenue fell to Rs 467.47 crore during October-December of 2018-19 from

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ONGC jumps 6% post strong Q3 earnings
NEW DELHI: Shares of ONGC jumped over 6 per cent on Friday morning after the company posted 64.77 per cent year-on-year rise in profit at Rs 8,262.70 crore for the quarter ended December 31.

The scrip hovered at Rs 139 up 5.22 per cent at around 09:48 am while the benchmark BSE Sensex was down 0.23 per cent at 35,792.96.

The oil major had posted

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Buy JSW Steel, target Rs 295 : Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on JSW Steel Ltd. with a target price of Rs 295.0 . The current market price of JSW Steel Ltd. is Rs 280.45. Time period given by the analyst is Intra Day when JSW Steel Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 272. JSW Steel Ltd., incorporated in
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Bharat-22 ETF additional offering turns out to be a big draw
NEW DELHI: The single-day additional offering of Bharat-22 Exchange Traded Fund (ETF) turned out to be a roaring success as the Rs 3,500 crore offer got subscribed over 14 times, aggregating approximately Rs 50,000 crore.

"Bharat-22 ETF (additional offering) received applications aggregating approximately Rs 50,000 crore and was subscribed over 14

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Share market update: Auto shares in the red; Ashok Leyland down nearly 4%
NEW DELHI: Auto shares were trading in the red in Friday's morning session.

Shares of Ashok Leyland (down 3.85 per cent) , Motherson Sumi Systems (down 3.36 per cent) , Hero MotoCorp (down 2.26 per cent) and Tata Motors (down 1.97 per cent) were the worst performers in the index.

Apollo Tyres (down 1.95 per cent), Mahindra - Mahindra (down

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Independent analyst Kunal Bothra has a buy call on India Cements Ltd. with a target price of Rs 86. The current market price of India Cements Ltd. is Rs 80.5. Time period given by the analyst is Intra Day when India Cements Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 77 India Cements Ltd.,
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NEW DELHI: Market regulator Sebi on Friday relaxed guidelines for the composition and functioning of the advisory committee at market infrastructure institutions such as stock exchanges, clearing corporations and depositories.

In a circular, Sebi said the framework which prescribes that the "number of PIDs (public interest directors) shall not be

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Sensex sheds 50 points, Nifty below 10,750; Jet Airways slips 2%
NEW DLEHI: Sensex on Friday opened on a tepid note, tracking overnight fall in US markets. A weak rupee and risinng crude prices too played spoilsport in denting investor sentiment.

US stocks dropped half a per cent after the country's retail sales dropped 1.2 per cent in December, recording biggest drop since September 2009. This led Atlanta Fed

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Dr CK Narayan of Chart Advise has a sell call on Voltas Ltd. with a target price of Rs 494.0 . The current market price of Voltas Ltd. is Rs 507.75. Time period given by the analyst is Intra Day when Voltas Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 514. Voltas Ltd., incorporated in 1954, is a midcap
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India bonds drop as Modi vows retaliation to attacks
By Kartik Goyal

Indian bonds extended declines and the benchmark equity index completed its worst week in four months after Prime Minister Narendra Modi said the nation will give a “befitting reply” to Thursday’s assault that killed dozens of soldiers in Kashmir.

The yield on the most-traded 2028 bonds rose five basis points on Friday to 7.57 per

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Infibeam Avenues, Ambition Mica among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 94.86 points down at 35,781.36 on Friday on account of selling in frontline bluechip counters.

Shares of Jetking Info (up 20 per cent) , Axita Cotton (up 19.73 per cent) , Ambition Mica (up 17.16 per cent) , Salona Cotspin (up 16.80 per cent) , Niraj Cement (up 16.62 per cent) ,

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Dr CK Narayan of Chart Advise has a buy call on Tata Communications Ltd. with a target price of Rs 508. The current market price of Tata Communications Ltd. is Rs 498.95 Time period given by analyst is Intra Day when Tata Communications Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 493 . Tata Communications
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After Market: Sugar stocks shine, metals bleed, HDFC below 200-DMA
NEW DELHI: Logging its biggest weekly fall since October 2018, equity benchmark Sensex extended its losing streak into the seventh session and ended the week 1,166 points, or 3.15 per cent, lower.

Domestic stocks tanked on Friday amid fresh concerns over global economic slowdown after China's producer prices data for January showed a downward

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Shriram EPC, Essar Shipping among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 70.89 points down at 35,805.33 on Friday on account of selling in frontline bluechip counters.

Shares of Archit Organosys (down 20 per cent), Spice Mobility (down 19.91 per cent), Kanel Industries (down 19.86 per cent), Lime Chemicals (down 19.72 per cent) , Ansal Buildwell (down

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Indiabulls HFL, BEL, Sadbhav could stage a strong comeback

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Jet Airways shares rally 5% after board approves debt resolution plan
Shares of Jet Airways rallied over 5 per cent in morning trade on Friday after the board approved bank-led resolution plan (BLRP), entailing conversion of lenders’ debt into equity.

However, the airline reported a standalone net loss of Rs 587.77 crore for the quarter ended December 31. It had posted a net profit of Rs 165.25 crore in the same

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Buffett had long praised JPMorgan’s Dimon even as Berkshire didn’t invest in the stock.

Bloomberg|

Feb 15, 2019, 09.20 AM IST

Warren-Buffett-2---ReutersBerkshire reduced its Apple stake by 1 percent in a period that marked its first holiday quarter sales decline in 18 years.
By Katherine Chiglinsky and Ben FoldyWarren Buffett’s Berkshire Hathaway Inc. took advantage of a
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Goldman upgrades JSW Steel to buy
Goldman Sachs believes that it is time to buy JSW Steel again. The valuation of the stock has fallen below historical levels after correcting more than 20 per cent in the last six months, said Goldman Sachs, upgrading the stock to a ‘buy’ with a target price of Rs 315.

The stock ended down 1.56 per cent at Rs 267.55, but the target price set by

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Share market update: IT shares dip; Tech Mahindra slips nearly 2%
NEW DELHI: IT shares were trading lower in Friday's morning session.

Shares of Tech Mahindra (down 1.91 per cent) , NIIT Technologies (down 1.34 per cent) , Oracle Financial Services Software (down 0.98 per cent) Tata Consultancy Services (down 0.72 per cent) were trading with losses.

Infosys (down 0.62 per cent) , Tata Elxsi (down 0.45 per cent)

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Buzzing stocks: YES Bank, RCom, CG Power, DHFL, L T
NEW DELHI: YES Bank with over 26.47 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of CG Power and Industries (number of shares traded: 16.89 crore), Reliance Communications (number of shares traded: 9.10 crore), DHFL (number of shares traded: 5.42 crore), Ashok Leyland (number of shares traded: 4.53

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Run-up to polls may offer many opportunities: Experts
The midcap space presents investors an incremental buying opportunity given the sharp correction the segment has seen in recent times, money managers and strategists participating in the Edelweiss India conference said Wednesday.

"Most people still think that it is shopping time. They believe elections would be the time to build portfolios at

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