StockMarket

ICICI Securities, Bharat Gears among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 283.54 points up at 36,137.10 on Tuesday on account of buying in frontline bluechip counters.

Shares of Mahalaxmi Rubtech (down 12.49 per cent) , Valson Industries (down 11.51 per cent), Times Guaranty (down 9.86 per cent), Tinna Rubber (down 9.78 per cent), Firstobject Tech (down

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Wipro board to consider bonus issue on January 18
NEW DELHI: IT firm Wipro will consider a bonus issue proposal in its board meeting to be held on January 17-18, 2019.

The company is also slated to announce its third-quarter earnings numbers on January 18, Wipro said in a regulatory filing on Monday.

“Meeting of Board of Directors will be held over January 17-18, to consider condensed audited s

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Deutsche BankRavneet Gill joins race to succeed Rana Kapoor at YES Bank
NEW DLEHI: Ravneet Gill, CEO of Deutsche Bank’s India operations, has joined race to succeed Rana Kapoor as private lender’s next chief executive, ET Now reported quoting sources.

YES Bank has time till February 1 to announce a successor to Kapoor, whose term ends on January 31.

Following report, scrip jumped 7.64 per cent to hit a high of Rs 198.

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J K Bank, JMC Projects among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 334.97 points up at 36,188.53 on Tuesday on account of buying in frontline bluechip counters.

Shares of Phyto Chem (up 18.60 per cent), James Warren Tea (up 15.38 per cent), Ecoplast (up 14.46 per cent), Fineotex Chemical (up 14.44 per cent), Virat Crane (up 12.63 per cent), DQ

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ICICI Securities Q3 profit slips 34% to Rs 101 crore
ICICI Securities, investment services arm of ICICI Group, Monday reported a 34.3 per cent decline in consolidated profit to Rs 101.1 crore for third quarter ended December 31.

In comparison, company's profit stood at Rs 153.9 crore in October-December quarter of 2017-18, ICICI Securities said in a regulatory filing to stock exchanges.

The

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Jet Airways, TechM ITC among 9 stocks that may offer solid gains over 2-3 weeks
NEW DELHI: Equity benchmarks Sensex and Nifty turned downbeat on Monday as investors chose to stay on sidelines ahead of key inflation data.

Uninspiring December quarter earnings and indecisive global cues have prompted players to offload their risky bets and eye safe haven assets instead.

Most Asian peers too lost their way ahead of Chinese

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Buzzing stocks: Infosys, YES Bank, Jet Airways, TCS, RCom
NEW DELHI: YES Bank with over 0.98 crore shares changing hands was leading among most traded stocks on NSE on Tuesday.

Shares of Jet Airways (number of shares traded: 0.48 crore), Reliance Communications (number of shares traded: 0.45 crore), Unitech (number of shares traded: 0.18 crore), GTL Infra (number of shares traded: 0.15 crore), PNB

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Citigroup reports surprise drop in quarterly revenue, shares slip
Citigroup Inc reported a surprise drop on Monday in quarterly revenue due to a steep decline in its fixed income trading business, hurt by volatility in financial markets at end of year.

Shares of company fell nearly 1.6 percent to $55.80 in early trading.

"A volatile fourth quarter impacted some of our market sensitive businesses, particularly

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Share market update: Auto shares in red; Exide Industries down 2%
NEW DELHI: Auto shares were trading in red in Monday's morning trading session.

Shares of Exide Industries (down 2.08 per cent), Apollo Tyres (down 1.68 per cent), Tata Motors (down 1.57 per cent) and Bharat Forge (down 1.49 per cent) were worst performers in index.

Motherson Sumi Systems (down 1.12 per cent), Bajaj Auto (down 1.11 per cent),

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Traders suddenly dare to believe in an emerging markets rally
New York: It’s a measure of how climate has changed so quickly for emerging markets that this week’s interest-rate decision in Turkey, an event that would have had traders on tenterhooks six months ago, is being anticipated with a virtual shrug.

Far from encapsulating vulnerability of developing economies as it did last year, lira’s torrid start t

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Tata Metaliks Q3 profit dips 1.8% YoY to Rs 40 crore
Kolkata: Tata Metaliks (TML), a subsidiary of Tata Steel posted a marginal 1.8% dip in net profit in October-December 2018 (Q3FY19) to Rs 39.63 crore against a net of Rs 40.36 crore in Q3FY18.

TML recorded a turnover of Rs 546 crore and a 1.5% rise in profit before tax of Rs 50.91 crore for quarter ended December 31, 2018, an official statement

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J K Bank surges 7% on healthy Q3 numbers
NEW DELHI: Shares of Jammu - Kashmir Bank surged nearly 7 per cent in morning trade on Monday, buoyed by bank's healthy December quarter numbers.

Jammu - Kashmir Bank, on Saturday, reported a 43 per cent increase in its net profit at Rs 103.75 crore for third quarter of current fiscal, against a profit of Rs 72.47 crore in same quarter of

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Options sellers and their role in Nifty options
Last Monday we explained basics of index options. In this edition, ET focuses on option sellers and their role, specific to Nifty options.

1. Who is an option sellerOne who sells a call or put option to a buyer for a premium, or price of option. The seller is obliged to sell an underlier at a specific price to a call buyer by or before expiry of

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After Market: Who moved my Sensex and 116 stocks throw up bearish signal
NEW DELHI: Domestic equity indices on Monday extended losses for a third straight session on fall in bank, financials, IT and metal stocks amid weak global cues.

Chinese export data aggravated fears of a slowdown in global economic growth and most Asian and European markets suffered losses.

Back home, uninspiring December quarter earnings failed

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Avenue Supermarts, DIC India among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 167.60 points down at 35,842.24 on Monday on account of selling in frontline bluechip counters.

Shares of India Gelatine (down 13.64 per cent), Trejhara Solutions (down 9.90 per cent), KLRF (down 9.60 per cent), Prakash Woollen (down 9.58 per cent), Vardhman Polytex (down 8.24 per

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PNB share price: Buy Punjab National Bank, target Rs 86.5: Manas Jaiswal - The TheIndianSubcontinent

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Tech View: Bears gain edge as Nifty forms Bearish Belt Hold pattern
NEW DELHI: The Nifty50 index on Monday fell for a third straight session to settle below 10,750 level. During session, day tested 10,700 level, before buying emerged at lower levels.

That said, opening proved day’s high as index formed a 'Bearish Belt Hold' pattern on daily chart. If Nifty stays below 10,806 level on a sustainable basis, chances

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Jubilant Industries, Williamson Magor among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 172.77 points down at 35,837.07 on Monday on account of selling in frontline bluechip counters.

Shares of Ecoplast (up 19.05 per cent), Nila Spaces (up 16.37 per cent), Shiva Global (up 11.68 per cent), DQ Entertainmnt (up 11.33 per cent), Ponni Sugars (up 10.86 per cent), Jyoti (up

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Buy Maruti Suzuki India, target Rs 7,600: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Maruti Suzuki India Ltd with a target price of Rs 7600. The current market price of Maruti Suzuki India Ltd. is Rs 7402.55 Manas Jaiswal recommended to keep stoploss at Rs 7300. Maruti Suzuki India Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 223616.27 crore.

Maruti

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China doubles foreign investment quota, talks up reforms
SHANGHAI: China will double quota for country's foreign institutional investment programme as Beijing talks up financial reforms amid stock market weakness and slowing economic growth.

The State Administration of Foreign Exchange, foreign exchange regulator, said on Monday it would increase quota for Qualified Foreign Institutional Investor (QFII)

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NEW DELHI: Benchmark indices opened on a cautious note on Monday ahead of release of inflation data later in day. A total of 24 of 30 Sensex stocks were trading lower in early trade but a 3 per cent jump in Infosys shares capped downside.

At 9.20 am, 30-pack index was ruling 126.55 points, or 0.35 per cent, lower at 35,885.29. The Nifty50 index

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US stocks slip after China says exports fell in December
Wall Street stocks fell in early trading Monday following weak Chinese trade data that underscored concerns about a slowing economy and as earnings season kicked off.

About 15 minutes into trading, Dow Jones Industrial Average stood at 23,857.95, down 0.6 percent.

The broad-based S-P 500 shed 0.7 percent to 2,578.80, while tech-rich Nasdaq

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Stocks catch China flu, Sensex drops 156 pts
NEW DELHI: Banking and financial stocks pulled equity indices lower on Monday, taking overall market fall to third straight session.

Indian markets fell in line with global peers after China's December exports unexpectedly fell, pointing to weakness in world's second-largest economy, sparking fears of a global growth slowdown.

Weak macros in

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Buzzing stocks: Infosys, Federal Bank,TCS, YES Bank, IndusInd Bank
NEW DELHI: Infosys with over 0.58 crore shares changing hands was leading among most traded stocks on NSE on Monday.

Shares of Federal Bank (number of shares traded: 0.51 crore), Vakrangee (number of shares traded: 0.50 crore), YES Bank (number of shares traded: 0.44 crore), Praj Industries (number of shares traded: 0.44 crore), GTL Infra (number

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The NSE benchmark Nifty extended losses for a third straight session on Monday and ended with a fall of 57.35 points or 0.53 per cent.

At one point, index was down nearly 100 points, but buying in second half pushed up stocks a bit, as Nifty managed to hold on to its 50-DMA at close.

The market continued to remain in present area formation, and

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Metropolitan Stock Exchange invites application for MD, CEO post
NEW DELHI: The Metropolitan Stock Exchange (MSE) has invited applications for post of managing director and chief executive officer for a maximum term of five years, according to a public notice issued Monday.

The candidate must be a qualified CA/MBA or equivalent with at least 15 years of relevant experience in field of capital market or

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Top quant strategies for week ahead
By Motilal Oswal Securities

Option WritingSTRATEGY 1 Writing against Cash / Fut HoldingSell GAIL 360 CE 31-JANUARY-19 at `2.65 Target Level : 0.05 Stop Loss Level : 3.95 Gross Monthly Yield : 1.30 per cent ROI : 9 per cent Margin : `76,500 Days to Expiry : 18 Writing with HedgingLeg 1: Sell GAIL 360 CE 31-JANUARY-19 at `2.65 Leg 2: Buy GAIL 380 CE

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By William HorobinMomentum is easing across world’s major economies, according to a gauge OECD uses to predict turning points.

The Composite Leading Indicator is latest sign of a synchronized slowdown in global growth, adding to recession warnings sparked by industrial figures in Germany last week and and slumping trade figures for China earlier

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Aussie dollar, yuan sink on China export slump
LONDON: The Australian dollar and kiwi dollar, gauges of global risk appetite, fell on Monday on fears of a slowdown in China's economy prompted by a contraction in Chinese exports.

Market sentiment swung negative after data showed that China's December exports unexpectedly fell, pointing to weakness in world's second-largest economy and a gloomy

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Buy Repco Home Finance, target Rs 450: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Repco Home Finance Ltd. with a target price of Rs 450. The current market price of Repco Home Finance Ltd. is Rs 433.85. Time period given by analyst is Intra Day when Repco Home Finance Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 424. Repco Home Finance
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