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ET Intelligence Group: Several companies catering to retail consumers have reported higher sales volume growth for the December 2018 quarter reflecting a sustained demand across various segments of consumption.

Asian Paints, Kajaria Ceramics, Reliance Retail, Hindustan Unilever, Bajaj Consumer Care, and Interglobe Aviation are some of the

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SBI defers sale of Essar Steel loans to February 11
KOLKATA: State Bank of India has deferred the sale of Essar Steel’s Rs 15,431 crore loans to February 11 on poor investor response even as the delay in company’s insolvency resolution process was criticised by ArcelorMittal, which has been declared the highest bidder by its lenders.

SBI, which has the largest exposure in Essar Steel, has said it

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Buy Granules India, target Rs 100: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Granules India Ltd. with a target price of Rs 100. The current market price of Granules India Ltd. is Rs 93.2 Time period given by the analyst is Intra Day when Granules India Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 89 Granules India Ltd.,
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Good morning! Here’s a lowdown on top macro triggers that may move market on January 25, 2019. This report was compiled from agency feeds.

Modi-led BJP to fall short of majority: SurveysPrime Minister Narendra Modi’s ruling coalition National Democratic Alliance (NDA) will emerge as the largest group in a parliamentary election expected in the n

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The NSE benchmark Nifty on Thursday oscillated in a capped range and managed to hold on to its important support levels. It was in the last hour of the trade when the market saw some sharp recovery, as Nifty ended with a gain of 18.30 points or 0.17 per cent.

The session remained technically important, as the index kept its head above key support

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Buy Indraprastha Gas, target Rs 300: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Indraprastha Gas Ltd. with a target price of Rs 300. The current market price of Indraprastha Gas Ltd. is Rs 285.35 Time period given by the analyst is Intra Day when Indraprastha Gas Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 275 Indraprastha Gas
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Mumbai: Yes Bank’s profit fell 7 per cent in the third quarter ended December 2018, compared with a year-ago, as the bank had to make a hefty provision for loans given to debt laden IL-FS. Net profit fell to Rs 1,001 crore, or Rs 4.3 per share, from Rs 1,077 crore, or Rs 4.7 per share a year ago.

Total provisions increased to Rs 550 crore from

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CLSA retains ‘sell& call on Tata Motors, sees 14% downside
Foreign brokerage CLSA has maintained ‘sell’ rating on Tata Motors saying that India business has cyclically peaked while Brexit uncertainty is rising and JLR volumes remain under pressure. The brokerage’s target price of Rs 150 on the stock implies a potential downside of 14.4% from Thursday’s closing levels.

Shares of Tata Motors declined 2.72%

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Buy Bajaj Finserv, target Rs 6,700: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Bajaj Finserv Ltd. with a target price of Rs 6700. The current market price of Bajaj Finserv Ltd. is Rs 6488.75. Time period given by the analyst is Intra Day when Bajaj Finserv Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 6,400. Bajaj Finserv Ltd.,
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Insider trading blues for corporate chiefs
Corporate India’s top bosses are jittery about the new insider trading regulations being implemented by the Securities and Exchange Board of India (Sebi). The market regulator had revamped these regulations to bring several new provisions including the concept of ‘material financial relationships’.

Under this, company insiders will have to

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Coal supply to power plants grows 8%; coal stocks at plants up 35.6%
New Delhi: Coal India Ltd has supplied 389.63 million tonnes coal to power sector during current year, registering a growth of 8% over the same period last year.

Railway rake loading of CIL has increased by 8% during current year as compared to the same period last year, an official statement said.

“The coal ministry has been in constant endeavor

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'BUY' or 'SELL' ideas from experts for Thursday 24 January 2019
NEW DELHI: Domestic equity market is likely to open higher on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

At 8:33 am the SGX Nifty was 32.50 points or 0.30 per cent up at 10,873.50.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Manas Jaiswal of

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Gold firm on global growth worries, US govt shutdown
Gold prices held steady on Friday, supported by worries over a slowing global economy and a prolonged US government shutdown, but the safe-haven metal's gains were capped by a strong technical resistance and a firmer US dollar.

FUNDAMENTALSSpot gold was firm at $1,280.66 per ounce, as of 0059 GMT, while US gold futures were steady at $1,279.90 per

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RPower Q3 net down 35% at Rs 189 crore
New Delhi: Reliance Power Thursday reported a 32.47 per cent decline in consolidated net profit to Rs 189.30 crore in the December 2018 quarter, mainly on account of lower revenues.

Its consolidated net profit was Rs 280.34 crore in the corresponding quarter of the previous year, according to a BSE filing.

The company's total income in the quarter

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ET Intelligence group: TVS Motor management’s commentary for the March quarter has been quite encouraging, at a time when volume growth estimates have been slashed at a frightening speed. However, the optimistic outlook and market share gain in the increasingly competitive two-wheeler market is unlikely to change much for the stock, a market p
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Domestic equity market Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank.

During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants.

The 30-share

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Asian shares subdued as US political standoff, ECB decision eyed
TOKYO: Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 per cent. It has gained 3.7 per cent so far this year.

Australian shares were flat while Japan's

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Dr CK Narayan of Chart Advise has a sell call on Indiabulls Housing Finance Ltd. with a target price of Rs 766. The current market price of Indiabulls Housing Finance Ltd. is Rs 778.15 Time period given by the analyst is Intra Day when Indiabulls Housing Finance Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at
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ET Intelligence Group: Intense competition and demand that has often not reflected the pace of broader economic expansion have prevented cement manufacturers from raising prices. In this battle of attrition, the undisputed leader UltraTech has focused on gaining market share rather than experiment with pricing. It has been unwaveringly following
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Brokerages have retained their bullish view on Asian Paints following its December quarter result, which saw the company surprising the Street on the volume growth front which grew in double digits. Target prices have been revised up by 7-34 per cent, with many brokerages rolling forward valuations.

Asian Paints on Tuesday posted a 14.6 per cent

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Buy Tata Steel, target Rs 475: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Tata Steel Ltd. with a target price of Rs 475. The current market price of Tata Steel Ltd. is Rs 463.8. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 458. Tata Steel Ltd., incorporated in 1907,
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Citi India CEO Pramit Jhaveri steps up to a bigger Asia Pacific role
Mumbai: After a nine-year stint as the CEO of Citi in India, Pramit Jhaveri is set to become the vice-chairman of the Wall Street bank’s banking, capital markets and advisory business across Asia Pacific.

Jhaveri, who will continue to be based in India, will be reporting to Jan Metzger, who became Citi’s Asia Pacific head of corporate and i

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Buzzing stocks: RCom, YES Bank, RIL, ITC, Indigo
NEW DELHI: Reliance Communications with over 0.44 crore shares changing hands was leading among the most traded stocks on NSE on Thursday.

Shares of Vodafone Idea (number of shares traded: 0.29 crore), ITC (number of shares traded: 0.25 crore), YES Bank (number of shares traded: 0.22 crore), Bharti Infratel (number of shares traded: 0.11 crore),

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ETIG: The December 2018 quarter financial performance of India’s largest airline by market share (43 per cent) reflects the successful implementation of a carefully crafted strategy of gaining market share (gained 3 per cent in the past two quarters) with a slight consideration to gaining pricing power in the industry.

This is summed up in two key

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The founders of Bengaluru-based IT services company Mindtree are looking to shore up their control of the company against a possibly hostile takeover, with 21% stakeholder VG Siddhartha’s exit imminent, said people aware of the matter.

They have initiated an outreach exercise with private equity investors, family offices, institutional and HNI

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Buy MphasiS, target Rs 950: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on MphasiS Ltd. with a target price of Rs 950. The current market price of MphasiS Ltd. is Rs 899.2. Time period given by analyst is Intra Day when MphasiS Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 875. MphasiS Ltd., incorporated in 1992, is a midcap
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Stock derivatives gain popularity on Singapore Exchange
Mumbai: The Singapore Exchange (SGX) has emerged as the leading platform for issuance of offshore derivative instruments (ODI) betting on Indian stocks since the regulatory crackdown on participatory notes (p-notes) in the country. P-notes is a form of offshore derivative instrument. Some of the leading foreign portfolio investors (FPIs) based out
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Mphasis profit up 29% at Rs 278 cr in Dec quarter
IT company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the December 2018 quarter.

The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement.

Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in

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Fall in output may raise pulses prices
New Delhi: Prices of pulses are likely to remain firm in the coming days, with an expected shortfall in the production of pulses this year. Retail prices of moong and tur have already jumped Rs 4-10 a kg in the past 15 days. “There is likely to be a 10 per cent drop in pulses output this year,” said a senior agriculture official. “Ground reports s
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Despite an encouraging show on the topline front, it’s the bottom-line performance of ITC that the Street has frowned upon. Notwithstanding a double-digit revenue growth aided by around 8 per cent volume surge in cigarettes, the Street was not pleased with the December quarter performance of tobacco-to-FMCG major ITC. As a result, the stock
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