StockMarket

Cabinet approves Rs 6,000 recap of EXIM Bank
New Delhi: The Union Cabinet on Wednesday approved capital infusion of Rs 6,000 crore in Export-Import Bank of India (EXIM Bank) through recapitalisation bonds to boost bank's capacity in export financing.

"The EXIM Bank will be infused with Rs 4,500 crore before March and Rs 1,500 crore in next fiscal," Union Minister Piyush Goyal told reporters

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Reliance Q3 earnings on Thursday; all eyes on telecom and retail revenues
NEW DELHI: Reliance Industries will report its December quarter results on Thursday. Analysts see a flattish profit and some pressure on refining margins on a sequential basis. Telecom and retail segments may show strong results.

Petchem margin, update on Jio business and capex-related plans will be key monitorables, they said.

Brokerage Edelweiss

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'BUY' or 'SELL' ideas from experts for Wednesday 16 January 2019
NEW DELHI: Domestic equity market is likely to open flat on Wednesday tracking Nifty futures on Singapore Stock Exchange (SGX Nifty)and mixed Asian cues.

At 8:35 am SGX Nifty was 10 points or 0.09 per cent up at 10,933.

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

Manas Jaiswal of manasjaiswal.comDLF is

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After Market: Movers shakers of day's trade; graphite stocks rally
NEW DELHI: Indian equity benchmarks Sensex and Nifty closed flat on Wednesday as gains in shares of Infosys, ICICI Bank and IndusInd Bank were offset by losses in HDFC, ITC and Hindustan Unilever.

After opening in positive territory, market witnessed selling amid mild weakness in global stocks.

However, analysts are of view that markets have

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Buy Britannia Industries, target Rs 3,300: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Britannia Industries Ltd. with a target price of Rs 3300. The current market price of Britannia Industries Ltd. is Rs 3182.5, Time period given by analyst is Intra Day when Britannia Industries Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 3130. Britannia
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Buy Reliance Industries, target Rs 1145: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Reliance Industries Ltd. with a target price of Rs 1145. The current market price of Reliance Industries Ltd. is Rs 1129.55. Time period given by analyst is Intra Day when Reliance Industries Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1118. Reliance
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Tech View: Nifty50 forms ‘Doji& pattern, but bulls still in charge
NEW DELHI: The Nifty50 index on Wednesday took a breather, as it formed an indecisive ‘Doji’ candle on daily chart, despite witnessing strong gains in previous session.

That said, positive momentum is likely to stay, as index has managed to hold onto its 100-DMA placed at 10,870 level. Besides, index made higher high higher low for session.

A

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US producer prices support tame inflation picture
US producer prices dropped by most in more than two years in December as cost of energy products and trade services fell, adding to signs of tame inflation that may allow Federal Reserve to be patient about raising interest rates this year.

Other data on Tuesday suggested manufacturing activity slowed further at start of year, with a measure of

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NEW DELHI: Market may be looking to break free, but reality is technical indicators do not appear strong enough to take Nifty beyond crucial 10,760-10,870 on higher side.

As such, 69 stocks on NSE could see correction in coming days, as suggested by momentum indicator moving average convergence divergence, or MACD.

The technical indicator has

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F O: Nifty50 must hold above 10,800 to extend move towards 11,000 level
By Chandan TapariaThe Nifty50 opened flattish and remained in a narrow range of 50 points for most part of session. The index formed a Doji Candle on daily scale, but managed to hold above its falling supply trend line by connecting swing highs of 10,985, 10,923 and 10,870 levels and its 50-DMA.

Now index needs to hold above 10,800 to extend

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Buy DLF, target Rs 194: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on DLF Ltd. with a target price of Rs 194.0 . The current market price of DLF Ltd. is Rs 185.75 Time period given by analyst is Intra Day when DLF Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 182. DLF Ltd., incorporated in 1963, is a largecap company with a
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Share market update: IT shares advance; Infibeam Avenues climbs over 5%
NEW DELHI: IT shares advanced with Nifty IT index trading higher in Tuesday's morning trading session.

Shares of Infibeam Avenues (up 5.48 per cent), Wipro (up 2.99 per cent), Infosys (up 2.52 per cent) and Tech Mahindra (up 1.57 per cent) were top performers in index.

Tata Consultancy Services (up 1.05 per cent), Tata Elxsi (up 0.70 per cent)

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HT Media Q3 profit slides 69% to Rs 43 crore
NEW DELHI: HT Media on Wednesday reported a 68.7 per cent decline in consolidated net profit at Rs 43 crore for quarter ended December 2018.

The company had posted a consolidated net profit of Rs 136.96 crore for October-December of 2017-18.

Its total income stood at Rs 664.89 crore, lower than Rs 681.7 crore in same period a year ago, firm said

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Buy Sobha, target Rs 495: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Sobha Ltd. with a target price of Rs 495. The current market price of Sobha Ltd. is Rs 473.7. Time period given by analyst is Intra Day when Sobha Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 467. Sobha Ltd., incorporated in 1995, is a midcap company with a
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Share market update: PSU Bank shares mixed; SBI, BoB among top gainers
NEW DELHI: PSU Bank shares were trading on a mixed note in Tuesday's morning trading session.

Shares of State Bank of India (up 0.73 per cent), Vijaya Bank (up 0.51 per cent), Bank of Baroda (up 0.21 per cent) and Central Bank of India (up 0.14 per cent) were top performers in index.

Syndicate Bank (down 0.88 per cent), Union Bank of India (down

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Stock market takes Brexit defeat in stride, ends flat
NEW DELHI: Stock benchmarks oscillated between profits and losses throughout Wednesday, only to end flat with a positive bias amid optimism in global peers.

Most markets overseas jumped, giving a shrug to Brexit deal defeat for British Prime Minister Theresa May, who faces a no-confidence motion.

The legislative heat is expected to force UK to

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Securities and Exchange Board of India may soon tighten norms for liquid funds, most popular mutual fund product among institutional investors with average assets under management of over Rs 6 lakh crore. Some of proposals that capital market regulator is considering for liquid schemes are mandatory minimum investments in short-term government
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Brookfield, Macquarie, KKR in race for IL FS green assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are among 15 large funds in race for buying over 1,000-megawatt renewable energy assets of Infrastructure Leasing - Financial Services Ltd (IL-FS).

The proposed sale of stake held by IL-FS Group in these assets and businesses is likely to garner Rs 6,000-8,000

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As retail investors lose faith in stocks, UBS sees negative returns in 2019
NEW DELHI: Dalal Street seems to be factoring in strong earnings, sustained retail inflows and a second term for Narendra Modi government, but reality may turn to out be different.

Data suggests inflows into equity mutual fund schemes – which derive 87 per cent of their assets from individual investors -- more than halved in December to Rs 4,487

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paints: Traders expect Q3 surprises from paints companies - The TheIndianSubcontinent

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Reid Taylor: NCLT seeks info on investor-s fin health
A two-judge bench of NCLT has asked Hong Kong-based investor, backed by Reid - Taylor (R-T) employees’ association, to tell court within 24 hours amount of earnest money deposit (EMD) it can keep with resolution professional to indicate sufficient balance sheet strength for acquiring debt-laden apparel maker.

The court stepped in after

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Sensex jumps 100 points, Nifty tops 10,900 to defy weak global cues
NEW DELHI: Headline indices Sensex and Nifty opened in positive territory on Wednesday, underpinned by positive macro numbers in terms of soft inflation prints and narrowing trade deficit.

However, weakness in Asian markets capped gains.

A day after Asian stocks surged on hopes of Chinese stimulus to its economy, most Asian markets tumbled after

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Buy Cummins India, target Rs 905: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Cummins India Ltd. with a target price of Rs 905. The current market price of Cummins India Ltd. is Rs 878.15 Time period given by analyst is Intra Day when Cummins India Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 860 Cummins India Ltd., incorporated in
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Share market update: Auto shares in green; TVS Motor up nearly 2%
NEW DELHI: Auto shares were trading in green in Tuesday's morning trading session.

Shares of TVS Motor Company (up 1.78 per cent), Exide Industries (up 0.89 per cent), Hero MotoCorp (up 0.73 per cent) and Bajaj Auto (up 0.71 per cent) were top gainers in index.

Bosch (up 0.57 per cent), Eicher Motors (up 0.56 per cent) and Maruti Suzuki India (up

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Graphite, HEG among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 116.08 points up at 36,434.41 on Wednesday on account of buying in frontline bluechip counters.

Shares of Majestic Auto (up 20 per cent) , Speciality Restaurants (up 20.00 per cent) , Emmessar Biotech (up 17.43 per cent) , Ansal Properties (up 14.86 per cent) , Graphite India (up

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Punters turn to cash segment as Jet stock goes into F O ban
The F-O ban on Jet Airways’ counter has caused punters to shift to cash segment. Delivery as a percentage of traded quantity on Tuesday was 4.81 per cent, meaning out of every 100 shares traded only around 5 changed hands. This was substantially below three-month average of 6.3 per cent. The low free float – with promoter Naresh Goyal holding
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Jet Airways surges 6% ahead of key meeting
NEW DELHI: Share price of Jet Airways (India) surged 6 per cent early on Tuesday after reports that Etihad Airways may raise its stake in airline.

Dalal Street is weighing possible outcomes of tomorrow's meeting in Mumbai, which may discuss founder and Chairman Naresh Goyal's fate and see his son coming on board.

Etihad Airways has plans to

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Buzzing stocks: RCom, YES Bank, Zee Entertainment,RIL, Infosys
NEW DELHI: YES Bank with over 0.85 crore shares changing hands was leading among most traded stocks on NSE on Wednesday.

Shares of Reliance Communications (number of shares traded: 0.69 crore), South Indian Bank (number of shares traded: 0.63 crore), Zee Entertainment (number of shares traded: 0.57 crore), GTL Infra (number of shares traded: 0.41

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Buy Bajaj Finserv, target Rs 6,620: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Bajaj Finserv Ltd. with a target price of Rs 6620. The current market price of Bajaj Finserv Ltd. is Rs 6508.15 Time period given by analyst is Intra Day when Bajaj Finserv Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 6400 Bajaj Finserv Ltd., incorporated in
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Sensex surges 300 points, Nifty tops 10,800 on hopes of RBI rate cut
NEW DELHI: Domestic equity market registered a positive opening on Tuesday amid hopes that benign domestic inflation numbers may push RBI to cut rate in February policy review.

India’s headline inflation rate based on consumer price index (combined) eased to an 18-month low of 2.19 per cent in December, down from 2.33 per cent in November and 5.21

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