StockMarket

Zydus Wellness to raise up to Rs 1,500 cr by debt instruments
New Delhi: FMCG firm 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 committeeapproved specific terms of issue of rated, secured, listed, redeemable, non-convertible debentures (NCDs) each

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NEW DELHI: Midcap and smallcap stocks may have burnt investor wealth in 2018, but if one were to go by history, these stocks might just mint plenty of money for investors in 2019.

Data compiled from past 13 years since 2006 (BSE Midcap and Smallcap indices were launched in April 2005) shows midcap and smallcap indices make a comeback after a year

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A pick-up in infrastructure and construction jobs has resulted in cement sales volumes growing in strong double digits over past few quarters and momentum is likely to continue ahead of Lok Sabha elections.

Typically, cement growth spikes in elections years, and experts believe that 2019 will be a strong year for construction as elections are

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NTPC raises Rs 4,000 cr via bonds
New Delhi: State-owned power giant NTPC on Friday said it has raised Rs 4,000 crore via bonds issued through private placement basis.

Bidding for bond issue opened Friday and it received an overwhelming response, company said in a statement.

Against an issue size of Rs 500 crore, with green shoe option to retain over-subscription up to Rs 3,500

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Share market update: IT shares down; TCS slips 2%
NEW DELHI: IT shares were trading lower with Nifty IT index down 0.88 per cent at 14,197 in Friday morning trading session ahead of Infosys Q3 data.

Shares of Infosys were little changed on Friday ahead of its December quarterly earnings. Investors are sitting tight on stock as brokerages do not expect any upbeat show from Infosys in view of its

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Reliance Jio is expected to surpass Bharti Airtel’s India mobile revenue for first time, in quarter ended December 2018, while posting yet another net profit growth, boosted by strong subscriber additions, say analysts.

In contrast, India’s new telecom market leader Vodafone Idea and second-largest Bharti Airtel are likely to report sizeable

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Ashok Chawla resigns as chairman of NSE
Mumbai: Ashok Chawla resigned as chairman of National Stock Exchange(NSE) in light of recent legal developments, bourse said in a release on Friday evening.

The Central Bureau of Investigation(CBI) on Friday informed a special CBI court that it has got sanction from government to prosecute five people--current and former bureaucrats-- in Aircel-M

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Infosys stock stays flat ahead of Q3 data
NEW DELHI: Shares of Infosys were little changed on Friday ahead of its December quarterly earnings.

Investors are sitting tight on stock as brokerages do not expect any upbeat show from Infosys in view of its focus on growth against profitability.

All eyes are on any revision in revenue growth guidance, a possible share buyback announcement and

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TCS shares edge up ahead of Q3 show; What to expect
Shares of Tata Consultancy Services went up marginally ahead of its financial results for quarter ended December 2018, scheduled later in day.

The scrip was up 0.38 per cent at Rs 1,895 at around 9.45 am while BSE Sensex was down 0.09 per cent at 36,181.94.

Brokerage firm IDBI Capital Markets sees 3.70 per cent quarter-on-quarter and 25.50 per

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After Market: TCS, RIL slip; 95 stocks look bearish
NEW DELHI: Indian equity benchmarks extended losses for a second consecutive session on Friday despite bullish global cues.

Losses in heavyweights, including IndusInd Bank, TCS, Reliance Industries, Larsen - Toubro and ICICI Bank dragged Sensex, while an uptick in global crude oil prices and rupee's weakness against US dollar hit sentiment

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Share market update: PSU bank shares in red; Bank of India dips over 1%
NEW DELHI: PSU bank shares were trading in negative zone with Nifty PSU Bank index down 0.71 per cent at 3166.15 on Friday.

Shares of Bank of India (down 1.46 per cent), Canara Bank (down 1.21 per cent), Bank of Baroda (down 1.13 per cent)and IDBI Bank (down 1.12 per cent) were top losers in index.

Oriental Bank of Commerce (down 1.01 per cent),

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Share market update: Fertilisers stocks in green; Nagarjuna Fertilizers surges nearly 6%
NEW DELHI: Most of fertilisers stocks were trading in green in morning trading session on Thursday.

Shares of Fertilizers - Chemicals Tranvancore (up 8.07 per cent), Rashtriya Chemicals - Fertilizers (up 7.09 per cent), Nagarjuna Fertilizers - Chem (up 5.97 per cent), National Fertilizer (up 5.92 per cent) and Gujarat Narmada Valley

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NEW DELHI: Infosys on Friday announced a share buyback of Rs 8,260 crore and a special dividend of Rs 4 per equity share along with its financial results for October-December period. The country’s second-largest IT company raised its revenu e growth guidance for financial year 2018-19. However, consolidated profit came in below market e
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SBI is said to select banks for $1.4 billion share sale
By Crystal Tse and Anto AntonyState Bank of India, country’s largest lender, has selected underwriters for an institutional share sale that could raise at least 100 billion rupees ($1.4 billion), people with knowledge of matter said.

The government-run lender picked Bank of America Corp., CLSA Ltd. and HSBC Holdings Plc to arrange offering,

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NEW DELHI: Frontline indices Sensex and Nifty trod a shaky road in opening trade on Thursday, tracking mixed Asian cues as investors restricted their bets seeking more clarity on US-China trade talks that concluded on Wednesday.

Investors are on wait and watch mode and holding their bets ahead of crucial December quarter numbers. Bandhan Bank and

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Lakshmi BankRs 2,000 crore capital-raising plan hit by provisioning worries
MUMBAI: Private sector lender Lakshmi Vilas Bank’s Rs 2,000-crore capital raising plan has hit a rough patch as potential investors balk at putting money at this stage when bank may need to make higher provisions for loan losses, two people familiar with matter told ET.

The likes of Blackstone Group, Bain Capital and TPG Capital Management which

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TCS Q3 review: A 'must-have' stock but at a price, say brokerages
NEW DELHI: TCS' strong deal wins and sustained digital growth impressed analysts in a seasonally weak quarter, but sequential weakening of margins due to higher subcontracting cost remains a worry, say analysts.

This has prompted them to reduce their earnings forecast for firm.

The 26-28 per cent margin band will be elusive for a while, they said,

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Buzzing stocks: RCom, YES Bank, Axis Bank, IndusInd Bank, TCS
NEW DELHI: Reliance Communications with over 1.21 crore shares changing hands was leading among most traded stocks on NSE on Thursday.

Shares of Ashok Leyland (number of shares traded: 0.86 crore), YES Bank (number of shares traded: 0.67 crore), HCC (number of shares traded: 0.60 crore), South Indian Bank (number of shares traded: 0.53 crore), GMR

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Bandhan Bank earnings rise 10% in Q3
By Ashwin ManikandanMUMBAI: Bandhan Bank’s December quarter earnings rose 10 per cent driven by loans to small and medium enterprises and individuals, but missed expectations as its only large corporate loan to Infrastructure Leasing and Financial Services (IL-FS) turned sour, forcing its chief executive officer to end bets on big companies.

Ne

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Share market update: Auto shares mixed; Ashok Leyland down nearly 1%
NEW DELHI: Auto shares were trading on a mixed note with Nifty Auto index down 0.13 per cent at 8922.15 in Friday morning trading session.

Shares of Motherson Sumi Systems (up 0.56 per cent), TVS Motor Company (up 0.53 per cent), Eicher Motors (up 0.52 per cent) and Exide Industries (up 0.36 per cent) were top performers in index.

Ashok Leyland

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Many FIs could lose their GIFT City licence
Mumbai: Several foreign banks and Indian brokerages face prospect of their licences in Gujarat International Finance Tec-city, or GIFT City, being cancelled with many of them unable to meet a key rule required to stay put.

An entity that sets up shop in upcoming Gujarat-based international finance centre needs to earn more dollar income than in

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Kotak, HSBC, SBI Cap, CLSA, BoAML to manage SBI QIP
MUMBAI: State Bank of India (SBI) has appointed Kotak Mahindra Capital, HSBC India, CLSA, Bank of American Merrill Lynch and SBI Capital Markets to manage its qualified institutional placement (QIP) issue, said people with knowledge of matter.

The country’s largest lender received shareholder approval last month to raise as much as Rs 20,000 crore

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Special exemption will be a throwback
When FIFA, international body that sets rules for football, introduced Video Assistant Referee in 2018 World Cup, reaction of fans was not uniform: Some saw innovation as an opportunity to reduce umpiring errors, others bemoaned charm of a fascinating sport being lost to technology.

Still, change did not drive fans away. Some domestic leagues,

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Buy Bharti Airtel, target Rs 344: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Bharti Airtel Ltd. with a target price of Rs 344. The current market price of Bharti Airtel Ltd. is Rs 335.15. Time period given by analyst is Intra Day when Bharti Airtel Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 329. Bharti Airtel Ltd., incorporated in
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Share market update: Nifty Pharma index trades flat; Biocon up 1%
NEW DELHI: The Nifty Pharma index was trading 0.14 per cent up at 8947.35 in Friday morning trading session with its components trading on a mixed note.

Shares of Biocon (up 1.05 per cent), Sun Pharmaceutical Industries (up 0.85 per cent), Cipla (up 0.72 per cent) and Piramal Enterprises (up 0.38 per cent) were top performers in index.

Glenmark

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Mahalaxmi Rubber,Krypton Industries among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 46.24 points up at 36,152.74 on Friday on account of buying in frontline bluechip counters.

Shares of Mahalaxmi Rubber (down 10.47 per cent), Trejhara Solutions (down 9.97 per cent), Syncom Formulation (down 9.79 per cent), Krypton Industries (down 8.34 per cent), Kanani Industries

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Asia shares check rally as US-China trade talks, Fed policy in focus
TOKYO: Asian shares took a breather on Thursday after an extended rally, as markets awaited more news on US-China trade talks that have raised hopes of a deal to avert an all-out trade war between economic giants.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 per cent, reversing course after briefly touching a near four-week

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Eveready rallies 18% on sale news
NEW DELHI: Shares of Eveready Industries India surged 18 per cent on Friday morning after media reports that Williamson Magor, which owns 45 per cent, is selling Eveready Industries.

The BM Khaitan-led Williamson Magor is selling its flagship Eveready Industries, a leader in dry cell batteries and flashlights, triggering an auction process for

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Jet surges 3% on Tata rescue buzz
NEW DELHI: Shares of Jet Airways (India) jumped 3 per cent on Friday after media reports suggested that beleaguered firm is planning to approach Tata Group for stake sale talks.

According to a Bloomberg report, Jet's talks with foreign partner Etihad Airways stalled over latter’s demand that Chairman Naresh Goyal step aside from his management

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Buy Strides Pharma Science, target Rs 495: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Strides Pharma Science Ltd. with a target price of Rs 495. The current market price of Strides Pharma Science Ltd. is Rs 476.05. Time period given by analyst is Intra Day when Strides Pharma Science Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 465. Strides
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