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Asian shares falter from 1-1/2-mth highs, markets wary about China data
SYDNEY: Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in week to take pulse of a cooling global economy.

Partial data on trade from China showed dollar-denominated exports growth was highest since 2011. Markets are still awaiting numbers for December due shortly.

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Only 22% shareholders exit IDBI Bank following open offer by LIC
New Delhi: Only 22 per cent of minority shareholders of IDBI Bank exercised their option of exiting company in open offer floated by Life Insurance Corporation (LIC), which is taking majority stake in debt ridden state-owned bank, sources said.

Bulk of minority shareholders, however, continue to hold shares of IDBI Bank indicating their faith in

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Now playing GST benefits: Decorate your portfolio with these stocks
Real estate may be down and out, but companies that decorate them are showing a lot of promise.

The home décor industry did take a hit over past two-three years, as demonetisation, GST rollout, RERA implantation and persistent weakness in real estate sector.

But industry’s growth expectations and valuations have since been reset downward and g

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Buy Biocon, target Rs 670: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Biocon Ltd. with a target price of Rs 670. The current market price of Biocon Ltd. is Rs 640.9. Time period given by analyst is Intra Day when Biocon Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 625. Biocon Ltd, incorporated in 1978, is a largecap company
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FinMin may sell part of SUUTI holding in Axis Bank, ITC
New Delhi: The Finance Ministry may consider selling part of its stake in Axis Bank and ITC, held through SUUTI, in next few months, an official said.

As on September 30, 2018, Specified Undertaking of Unit Trust of India (SUUTI) held around 9.63 per cent stake in Axis Bank, 7.97 per cent in ITC and 1.80 per cent in L-T.

While government is

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D-Mart Q3 results today: Strong sales likely, margin may play spoilsport
NEW DELHI: Avenue Supermarts (D-Mart) is scheduled to report its December quarter results on Saturday. Brokerages are largely expecting Radhakishan Damani-led firm to report 30 per cent-plus growth in sales, while they see retailer to report profit growth in 10-18 per cent range.

Margin is likely to contract on YoY basis. Same store sales growth

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Axis appoints HDFC Bank veteran as CCO
Mumbai: Retired HDFC Bank executive and former Federal Bank board member Deepak Maheshwari has taken charge as chief credit officer (CCO) at Axis Bank as part of an ongoing reshuffle undertaken by new CEO Amitabh Chaudhry.

Maheshwari, 64, confirmed that he had taken over as CCO on January 11 to be in charge of corporate credit appraisal and

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Five of top 10 firms add Rs 43,689 crore to m-cap
New Delhi: Five of top-10 most valued firms together added Rs 43,689.89 crore in market valuation last week, with ITC and Infosys contributing most to overall gain.

Gainers from top-10 list are ITC, HDFC, Infosys, SBI and ICICI Bank; while Reliance Industries Ltd (RIL), TCS, HDFC Bank, HUL and Kotak Mahindra Bank suffered losses in their market

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Mr Market disappointed with Q3 early birds; so, what is in store
TCS, IndusInd Bank, Bandhan Bank, Delta Corp and Tata Elxsi were some of big companies that came out with December quarter earnings this week.

Some of these companies posted healthy earnings, but market did not reward them. For instance, shares of TCS settled 2.44 per cent lower at Rs 1,842 on Friday. This is even as IT major posted its

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Buy Jet Airways (India) Ltd. target Rs 274: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Jet Airways (India) Ltd. with a target price of Rs 274. The current market price of Jet Airways (India) Ltd. is Rs 253.5. Time period given by analyst is Intra Day when Jet Airways (India) Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 243. Jet Airways
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FPIs turn net sellers in Jan, pull out Rs 3,600 crore in 9 sessions
New Delhi: Foreign investors have pulled out more than Rs 3,600 crore from Indian equity markets in last nine trading sessions, adopting a cautious stance towards country.

This comes following a cumulative net inflow of Rs 8,584 crore in equity markets by Foreign Portfolio Investors (FPIs) during November and December.

According to data available

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Zydus Wellness to raise up to Rs 1,500 cr via NCDs
Zydus Wellness plans to raise up to Rs 1,500 crore through issuance of non-convertible debentures on a private placement basis.

The company said it will raise funds in three tranches.

“The fund raising committee approved specific terms of issue of rated, secured, listed, redeemable, non-convertible debentures (NCDs) each having a face value of Rs 1

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The race to acquire stockbroking arm of IDFC is heating up with bigger players such as SBI Capital Markets and Stock Holding Corporation of India entering fray after firm called a fresh round of bids, said three people familiar with development.

In first round, Equirus Capital, former Axis Capital managing director Dharmesh Mehta, InCred Finance

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It was a volatile end to week as NSE benchmark Nifty oscillated in a 100-point range on Friday and finally settled with a modest loss after rebounding from lower levels.

Once again, just like week before, no major downsides were seen, and index managed to mildly pierce 50-week moving average, which is at 10,748. After a limited oscillation in a

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Several brokerages cut target price on Tata Consultancy Services by as much as 16% as software major’s margins disappointed investors.

The brokerages cut target price by 0.5-16%. TCS’ operating margin fell 90 basis points from previous quarter to 25.6% in quarter ended December. Shares of TCS fell 2.4% to ₹1,841.95 on Friday as a result, end

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Buy Biocon, target Rs 658: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Biocon Ltd. with a target price of Rs 658. The current market price of Biocon Ltd. is Rs 640.9. Time period given by analyst is Intra Day when Biocon Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 634. Biocon Ltd., incorporated in 1978, is a largecap company
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Q3 earnings, macro data, crude price to guide stock market in week ahead
NEW DELHI: The domestic equity benchmarks Sensex and Nifty managed to close week gone by on a positive note despite losses in last two trading sessions.

However, gains remained capped due to lack of any directional cues from global markets and soft third quarter earnings.

On a weekly basis, Sensex advanced 315 points or 0.88 per cent and Nifty

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Infosys showed stronger momentum in dollar-denominated revenue than larger peer Tata Consultancy Services (TCS) for December quarter in reported as well as constant currency (CC) terms.

The operating margin though fell significantly by 110 basis points to 22.6% following adjustments pertaining to fair values of Panaya and Skava, two divisions that

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J K Bank Q3 net profit up 43% at Rs 104 crore
New Delhi, Jan 13 (PTI) Jammu - Kashmir Bank has reported 43 per cent increase in its net profit at Rs 103.75 crore for third quarter ended December 2018.

The bank had earned a profit of Rs 72.47 crore in October-December quarter of previous fiscal, bank said in a statement.

Total income of bank rose to Rs 2,184.22 crore as against Rs 1,790.77

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Avenue Supermarts Q3 net profit rises 2% to Rs 257 crore; Ebitda margin shrinks 200 bps
NEW DELHI: Avenue Supermarts (D-Mart) on Saturday reported a 2.1 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 257 crore for December quarter.

The company had reported Rs 252 crore profit in year-ago quarter.

The flattish growth in profit was primarily due to gross margin reduction on account o price cuts, food - grocery

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Jet-lenders meet fails to sort out repayment details
Discussions between debt-laden Jet Airways and lenders to struggling carrier, led by State Bank of India (SBI), are still inconclusive as bankers seek to recover dues that missed repayment deadline in December.

Banks have classified Jet Airways in SMA-0 category, which includes loans in default between 1 and 30 days, after airline failed to pay

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RBI net-seller of dollars in Nov, unwinding $644 million
Mumbai: The Reserve Bank remained a net seller of dollars in November 2018, as it sold USD 644 million of greenback on a net basis in spot market, according to latest data from Central bank.

As against this, in November 2017, central bank had purchased USD 2.570 billion from spot market and sold USD 1.706 billion, while in reporting month,

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US government shutdown may depress January job growth
WASHINGTON: A partial shutdown of US government could slash job growth by as much as 500,000 in January and lift unemployment rate above 4.0 per cent unless impasse in Washington is resolved before next Friday, economists warned.

Some 800,000 government workers missed their first paycheck on Friday following partial shutdown which started on Dec.

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CCI rejects complaint against NSE in co-location case
New Delhi: The Competition Commission has dismissed a complaint of discriminatory conduct made against National Stock Exchange (NSE) with regard to alleged preferential access extended to certain trading members in co-location case.

"The allegations against NSE are yet to be established in an appropriate proceeding", Competition Commission of

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Made a mistake, says Porinju Veliyath after investor wealth eroded by 44%
New Delhi: Portfolio management company Equity Intelligence, whose investors' wealth was eroded by almost 44 per cent in current fiscal, has apologised to its investors admitting that investing in LEEL Electricals Ltd (formerly Lloyd Electric - Engineering) was a mistake.

When contacted by IANS, Porinju Veliyath confirmed that he had written

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By DK Aggarwaldk Calendar 2018 can be marked as a very tough year for investors, as markets witnessed volatility of diverse magnitude due to global and domestic factors. At home, volatile crude oil prices, depreciating rupee, rising interest rates across globe and liquidity concerns in NBFC space roiled sentiments of market participants.

However,

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Infosys takes Panaya, Skava sale off table
New Delhi: Infosys has dropped plans to sell Panaya and two other subsidiaries Skava and Kallidus after it failed to find any potential buyers.

In April, Infosys had announced its plan to sell Panaya -- Israeli firm whose acquisition became a contentious issue between founders and erstwhile management led by Vishal Sikka -- along with Kallidus and

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With market not moving past important resistance levels on Friday, session remained volatile, as NSE benchmark Nifty lost ground after a stable start. With index resisting 100-DMA, market remained in a falling trajectory and steadily lost ground. Supports came in at rising trend line of present area formation and market witnessed sharp recovery in
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How a change in complexion alters game plan for Indian stock market
The complexion of domestic stock market changed in Calendar 2018. From a midcap-led market, focus suddenly shifted elsewhere. Midcaps lost sheen and have dropped considerably from their peak levels. In part, change coincided with re-imposition of long-term capital gains tax on equities and Sebi’s reclassification of mutual funds.

The midcap

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Sebi issues timelines for uniform membership structure in equity cash, derivatives segments
New Delhi: Sebi on Friday came out with timelines as well as conditions for implementation of uniform membership structure in equity derivatives and cash segments.

The membership structure applicable in equity derivatives segment would also be implemented in cash segment from April 1, watchdog said in a circular.

It would be for trading member,

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