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MUMBAI: A year after Nirav Modi-Mehul Choksi scam rattled nation, diamond houses in India are being pushed to change way they have been doing business for many decades. Harsh new rules laid down by large banks would force them to restructure their entities, change business associates and spend more.

The largest lender to diamantaires, State Bank

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TCS Q3 earnings: No surprise likely, currency math to dent dollar revenue
NEW DELHI: IT heavyweight Tata Consultancy Services will release its third quarter earnings on Thursday. Brokerages expect October-December quarter numbers for TCS to come out steady.

Centrum Broking expects TCS’ revenues to grow 1.8 per cent QoQ in constant currency (CC) terms and USD revenues to grow 1 per cent as cross-currency headwind is l

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Back from dead! Realty stocks buzzing again; will they deliver
Ground reports are finally signalling green for this sector, which has probably seen longest slump for any industry in Indian economy.

For a never-ending 10 years now, stocks from this sector has been eroding investor wealth! Realty stocks have been buzzing on Dalal Street past few days, and a 3 per cent rise in BSE realty index in first week of

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Shares of print media companies could get rerated in next two quarters as government’s move to raise advertisement rates and moderation in news print prices are expected boost profitability. The likelihood of an increase in ads in run-up to general elections is also expected to lift sentiment for these stocks which have fallen 40-60 per cent in
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Ad rates hike: Brokerages turn bullish on print media stocks
NEW DELHI: Shares of HT Media, DB Corp and Jagran Prakashan rallied up to 20 per cent on Wednesday after government hiked ad rates by 25 per cent at which Bureau of Outreach and Communication releases its advertisements to print media.

Cheering development, HT Media closed 20 per cent up at Rs 47.10 on BSE, while BSE Sensex settled 0.64 per cent

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Morgan Stanley gives ICICI thumbs-up, ups target price
ICICI Bank made some news on Wednesday after Morgan Stanley raised target price of stock.

The price now stands revised to Rs 510 from Rs 460, up over 30 per cent. The scrip was flat at Rs 380.20 in early session.

Maintaining ‘Overweight’ rating on private lender, brokerage house said, “ICICI had a good 2018 and remains our top pick in 2019. Asset

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Buy Bata India, target Rs 1,200: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Bata India Ltd. with a target price of Rs 1200. The current market price of Bata India Ltd. is Rs 1148.95 Time period given by analyst is Intra Day when Bata India Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1120. Bata India Ltd., incorporated in 1931,
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Anand Rathi spots arbitrage scope in NMDC buyback; just check it out
State-owned iron ore producer NMDC has decided to fix January 18 as date to pick shareholders who would be eligible to participate in company's nearly Rs 1,000-crore share buyback.

"NMDC has fixed January 18, 2019 as record date for determining entitlement and names of eligible shareholders/beneficial owners to whom letter of offer will be sent

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Share market update: NBFCs trade mixed; Viji Finance rises 5%
NEW DELHI: Shares of non-banking financial companies (NBFCs) were trading mixed during Wednesday's session.

The Reserve Bank of India (RBI) is set to hold a meeting with representatives from nonbanking financial companies (NBFCs) at its headquarters in Mumbai.

Shares of Religare Enterprises (up 6.68 per cent), Viji Finance (up 5.00 per cent),

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Buy NIIT Technologies, target Rs 1200: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on NIIT Technologies Ltd. with a target price of Rs 1200. The current market price of NIIT Technologies Ltd. is Rs 1161.6. Time period given by analyst is Intra Day when NIIT Technologies Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1140. NIIT Technologies
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After Market: Print media stocks dazzle, YES slips and 103 stocks look bearish
NEW DELHI: Headline equity indices Sensex and Nifty remained on upward trajectory for fourth consecutive day on Wednesday.

The surge in stocks was fuelled by bank, financials, auto and FMCG heavyweights, whereas gains in global stocks on hope of a US-China trade deal kept momentum upbeat.

The market witnessed a sharp plunge for a brief period on

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JLR sales push drives TaMo 2% higher
NEW DELHI: Shares of Tata Motors climbed about 2 per cent on Wednesday morning, extending winning spell to fourth straight session, buoyed by upbeat JLR sales in US and Indian market.

A report last week said total JLR sales in US for December 2018 jumped nearly 24 per cent to 14,079 units against 11,394 in December 2017.

For entire year, US JLR

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Buy Housing Development Finance Corporation, target Rs 2,050: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Housing Development Finance Corporation Ltd. with a target price of Rs 2050. The current market price of Housing Development Finance Corporation Ltd. is Rs 1993.3 Time period given by analyst is Intra Day when Housing Development Finance Corporation Ltd. price can reach defined target. Kunal
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F O: Nifty needs decisive breakout above 10,985 for next leg of rally
By Chandan Taparia

The Nifty50 index had a volatile day on Wednesday, as it drifted towards 10,750 level in second half of session and recovered sharply to 10,865 level by end. The index has got stuck in a range and buying emerged on every dip while Nifty took support at 50-day EMA.

The index formed a High Wave candle with long lower shadow as it

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Infosys Q3 earnings on Friday; market awaits growth guidance, buyback plan
NEW DELHI: Infosys, India’s second largest IT player in terms of revenue, may not post spectacular numbers for December quarter on Friday, but all eyes will be on it for any revision in revenue growth guidance, a possible share buyback announcement and a likely upward estimate in margins in wake of a fall in rupee.

Brokerages are not expecting any

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Wall Street rallies for fourth day on trade deal hopes
US stocks rose for a fourth straight day on Wednesday, as gains in energy and technology stocks added to optimism over signs of progress in U.S.-China trade talks.

The S-P technology index rose 1.07 percent, boosted by Microsoft Corp, Apple Inc and chipmakers.

Shares of Boeing Co and Caterpillar Inc, sensitive to trade-related news, were up

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Tech View: Nifty50 forms a High Wave pattern, has upward bias
NEW DELHI: The Nifty50 continued its march into fourth straight day on Wednesday. In process, it formed a High Wave candle on weekly chart, suggesting that intraday decline got bought into.

While buying support is visible at lows, traders look indecisive at higher levels, as they once again failed to capitalise on opening gains.

Strength

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Share market update: PSU bank shares dip; Indian Bank down nearly 2%
NEW DELHI: Most PSU bank shares were trading lower with Nifty PSU Bank index down 0.19 per cent at 3189.30 on Wednesday.

Shares of Indian Bank (down 1.92 per cent), Syndicate Bank (down 1.56 per cent), Bank of India (down 1.15 per cent) and Canara Bank (down 0.90 per cent) were top losers in index.

Union Bank of India (down 0.63 per cent), Punjab

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RBI makes changes to Gold Monetisation Scheme
Mumbai: The Reserve Bank of India (RBI) Wednesday made some changes in Gold Monetisation Scheme (GMS) by including charitable institutions and central government, among other.

Apart from individual and joint depositors, scheme could now be availed by charitable institutions, central government, state government or any other entity owned by central

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Equities end on a high note for fourth day, IndusInd shines
NEW DELHI: A surge in private banking stocks along with gains at FMCG counters made benchmark Sensex end higher for fourth straight day.

The BSE flagship settled up by 232 points, or 0.64 per cent, at 36,213.

Its NSE counterpart Nifty too extended its winning streak to fourth day, jumping 53 points, or 0.49 per cent, to 10,855.

Optimism in

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Infosys goes up 3% on share buyback talk
NEW DELHI: Shares of Infosys jumped nearly 3 per cent on Wednesday a day after IT bellwether said it would consider issuing share buyback and paying out a special dividend at its board meeting on January 11.

Media reports in December had said Infosys may go in for a share buyback of up to $1.6 billion at its January board meet.

The $11-billion

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MCA summons directors, officers of Usha Martin
Kolkata: The Assistant Registrar of Companies under ministry of corporate affairs (MCA) has issued summons to directors and officers of Usha Martin Limited which had sold its steel business to Tata Steel.

The summons, issued under section 207(3) of Companies Act, 2013 on Monday, asked directors and officers of company to appear personally before

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Steady Q3 for IndusInd Bank: Key takeaways
IndusInd Bank on Wednesday reported steady financial results for quarter ended December 2018.

Higher provision continued to impact earnings, with profit after tax staying flat on a YoY basis at Rs 985 crore.

According to ICICIdirect, IndusInd Bank’s quarterly PAT came broadly in-line with estimate. Business growth of lender remained strong. H

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Share market update: Auto shares in green; Motherson Sumi up over 2%
NEW DELHI: The Nifty Auto index was trading 0.54 per cent up at 8907.10 around 10:16 am on Wednesday with most of its components trading in green.

Shares of Motherson Sumi Systems (up 2.53 per cent), Ashok Leyland (up 2.20 per cent), Eicher Motors (up 1.20 per cent) and Bosch (up 1.11 per cent) were top performers in index.

Maruti Suzuki India

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Sebi bars Golden Pariwar Holding and Developers, promoters from raising funds
New Delhi: Markets regulator Sebi Wednesday barred Kolkata-based Golden Pariwar Holding and Developers and its seven promoters from raising funds from public with immediate effect for carrying out illegal fund mobilising activity.

Besides, regulator has also ordered entities not to dispose of any assets or divert any funds raised from public

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NMDC to decide on buyback shareholders on Jan 18
New Delhi: State-owned iron ore producer NMDC will decide on January 18 names of shareholders who would be eligible to participate in company's Rs 1,000-crore share buyback.

"NMDC has fixed January 18, 2019 as record date for determining entitlement and names of eligible shareholders/beneficial owners to whom letter of offer will be sent and will

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IndusInd Bank slips ahead of Q3 earnings
NEW DELHI: Shares of IndusInd Bank slipped nearly 1 per cent in morning trade on Wednesday ahead of its October-December quarter earnings.

Shares of company, however, pared losses and traded 0.28 per cent down at Rs 1,573.20 on BSE around 9:45 am. The benchmark Sensex was 0.55 per cent up at 36,177 around that time.

Analysts believe while

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Bajaj Corp Q3 profit rises 9% to Rs 60 crore
New Delhi: Bajaj Corp Wednesday reported 8.93 per cent increase in standalone net profit at Rs 60.09 crore for third quarter ended December 31, 2018.

The company had posted a net profit of Rs 55.16 crore in same period of 2017-18.

Total income during reported quarter went up 11.48 per cent to Rs 236.94 crore as against Rs 212.53 crore in year-ago

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IndusInd Bank Q3 profit rises 5% YoY to Rs 985 crore, beats Street estimates
NEW DELHI: IndusInd Bank on Wednesday reported 5.21 per cent YoY rise in profit at Rs 985.03 crore for December quarter. The number came in higher than Rs 922 crore profit forecast by analysts in an ET Now poll.

The lender had reported Rs 936.25 crore profit in year-ago quarter.

NII for quarter stood at Rs 2,287 crore, which was lower than poll

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Buy Coal India, target Rs 338: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Coal India with a target price of Rs 338.

The current market price of Coal India is Rs 234.50.

Time period given by brokerage is one year when Coal India price can reach defined target.

Investment rationale by brokerageLowering volume growth expectation as production sputters: Coal India’s (COAL) coal p

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