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Cost of funds for Gruh may surge as it loses HDFC credit-quality benchmark
As Gruh Finance gets ready to walk down aisle with Bandhan Bank, treasury officials at former are bracing for a slightly higher cost of funds. Housing Development Finance Corp. (HDFC), Gruh’s parent and India’s mortgage-lending pioneer, would cease to be credit-quality benchmark for financier of affordable homes, making borrowings costlier.

“…Merge

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Infosys to consider share buyback, special dividend
NEW DELHI: Infosys will consider issuing buyback and paying out special dividend in its board meeting on January 11, IT behemoth said on Tuesday.

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

The company will also announce its October-December quarter earnings on Friday.

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Sadbhav Infra stock plunges 5% even as Q3 toll revenue shines
NEW DELHI: Shares of Sadbhav Infrastructure Project plunged nearly 5 per cent on BSE on Tuesday even as company said its toll revenue increased for third quarter.

"Toll revenue received from 10 operational SPVs (apart from NSEL which is an annuity project) has increased by approximately 6.2 per cent to Rs 275.76 crore in Q3 FY19 from Rs 2,59.78

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HT Media, DB Corp surge up to 15% on ad rate hike
NEW DELHI: Shares of HT Media, DB Corp and Jagran Prakashan surged up to 15 per cent on Wednesday after government upwardly revised advertisement rates for print media.

The government has announced a hike of 25 per cent over and above existing rate structure.

The decision is said to be of great benefit, especially for medium and small newspapers,

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Market stays positive on eve of Q3 earnings
NEW DELHI: Stocks closed in green for third straight day on Tuesday even as market players turned cautious ahead of start of December quarter earnings season.

A solid start in European markets on hopes that Washington and Beijing are closer to a trade deal, coupled with rejuvenated Italian bank stocks, buoyed sentiment back home. Otherwise, most

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After 27% jump in 2018; 4,500% in 10 years, this stock top pick for 2019 too
When investors were struggling to generate alpha during 2018, stock Aarti Industries was busy in hitting ball out of ground.

Shares of company, which is engaged in business of specialty chemicals (78 per cent of revenue), pharmaceuticals (15 per cent) and home - personal care (7 per cent), rallied 27 per cent last year. The stock is again

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R T staff-backed investor asked to submit updated financials to NCLT
SPGP Holdings, Hong Kong-based investor backed by a newly-formed employees’ union to take over clothing manufacturer Reid - Taylor (R-T) was on Tuesday directed by an NCLT bench in Mumbai to submit its unaudited financials for year 2017 and 2018 in an affidavit after they failed to provide their audited results in a hearing.

Pankaj

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CESC eyes 25% revenue growth from power distribution business outside Kolkata
Kolkata: Kolkata-based RP Sanjiv Goenka group flagship, CESC, is hoping to register 25% growth in revenue from power distribution business outside Kolkata after bagging distribution licence for Maharashtra’s Malegaon.

This year it is expecting an annual revenue of around Rs 1,700 crore from segment.

At present, outside Kolkata, CESC serves retail

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HFCL, Ansal Housing among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 73.25 points up at 35,923.41 on Tuesday on account of buying in frontline bluechip counters.

Shares of Sanmit Infra (up 19.86 per cent) , Ansal Housing (up 15.58 per cent) , SIL Investments (up 15.16 per cent) , Kirloskar Electric (up 15.09 per cent) , Shiva Mills (up 12.76 per cent)

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HT Media, Jagran Prakashan among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 230.69 points up at 36,211.62 on Wednesday on account of buying in frontline bluechip counters.

Shares of Syncom Formulations (up 16 per cent), Chothani Foods (up 15.87 per cent), HT Media (up 15.80 per cent), Sandesh (up 14.53 per cent), Shri Keshav Cements (up 13.53 per cent),

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European shares hit 3-week high on trade hopes, Italy bank gains
MILAN: European shares hit a three-week high on Tuesday as hopes of a possible trade deal between China and US offset worries over global growth and Italian banks rose after Rome moved in support of troubled lender Carige.

The pan-European STOXX 600 benchmark rose 0.6 per cent by 0832 GMT, while euro zone stocks and UK's top share index FTSE both

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PFS scrip jumps 2% on SBI credit facility
NEW DELHI: Shares of PTC India Financial Services (PFS) climbed over 2 per cent on Tuesday after company said it had received a sanction for credit facilities of Rs 1,400 crore from State Bank of India (SBI).

This arrangement also includes a partial credit enhancement (PCE) facility of Rs 400 crore, which will support Rs 2,000 crore bond

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NEW DELHI: Indian equity benchmarks registered a gap-up opening on Wednesday as markets across globe continued showing confidence over ongoing trade talks between US and China.

Asian shares climbed to a multi-week high, with Hong Kong's Hang Seng, Japan's Nikkei 225 and China's SSE Composite Index logging healthy gains of up to 2 per cent.

A World

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China stocks slip; investors cautious amid Sino-US trade talks
SHANGHAI: China stocks closed slightly lower on Tuesday amid investor caution as US and Chinese officials seek to reach a trade deal in Beijing.

The blue-chip CSI300 index fell 0.2 per cent, to 3,047.70 while Shanghai Composite Index lost 0.3 per cent to 2,526.46.

US Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington

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Share market update: IT shares down; MindTree dips over 1%
NEW DELHI: IT shares were trading lower with Nifty IT index down 0.15 per cent at 14,270.45 around 10:20 am on Tuesday.

Shares of MindTree (down 1.56 per cent), NIIT Technologies (down 0.69 per cent), HCL Technologies (down 0.46 per cent) and Tata Consultancy Services (down 0.42 per cent) were top losers in index.

Oracle Financial Services

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Tech View: Nifty50 forms a Doji candle; charts show negative bias
NEW DELHI: Nifty50 climbed for third straight session to reclaim 10,800 mark on Tuesday. The index ended up forming an indecisive ‘Doji’ candle on daily chart.

A lower high-lower low candle over previous day’s candle signalled a negative bias. That said, index managed to end above its 200-day moving average of 10,792. While Nifty is expected to

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Share market update: BSE Capital Goods index down; Havells slumps over 3%
NEW DELHI: The S-P BSE Capital Goods index was trading 0.21 per cent down at 18,324.13 around 02:56 pm on Tuesday with its components trading on a mixed note.

Shares of CG Power and Industrial Solutions (up 3.24 per cent), Sadbhav Engineering (up 3.18 per cent), NBCC (India) (up 1.80 per cent) and SKF India (up 0.73 per cent) were top

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Shares of Bandhan Bank and Gruh Finance slipped up to 12 per cent early on Tuesday after former agreed to acquire housing finance firm through a share swap deal.

Under merger agreement, shareholders of Gruh Finance will receive 568 shares of Bandhan Bank for every 1,000 shares held.

Gruh Finance is promoted by India's largest mortgage lender HDFC.

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Buy MRPL, target Rs 92: Kotak Securities
Kotak Securities has a buy call on Mangalore Refinery And Petrochemicals (MRPL) with a target price of Rs 92.

The current market price of MRPL is Rs 72.30.

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

Investment rationale by brokerage: We have revised our earnings lower to reflect weak GRMs and inventory

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Share market update: Nifty Private Bank index rises; ICICI Bank, YES Bank among top gainers
NEW DELHI: Shares of private sector banks were trading on a mixed note with Nifty Private Bank index up 0.68 per cent at 15,496.45 around 02:19 pm on Tuesday.

Shares of ICICI Bank (up 2.95 per cent), YES Bank (up 2.24 per cent), IndusInd Bank (up 1.46 per cent) and Federal Bank (up 1.00 per cent) were top gainers in index.

RBL Bank (down 1.64

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AGM Note: This hidden gem from last decade has something big up its sleeveAGM Note: This hidden gem from last decade has something big up its sleeveAGM Note: This hidden gem from last decade has something big up its sleeve
AGM Note: This hidden gem from last decade has something big up its sleeve
By Arun Mukherjee and Soumya Malani

(Kolkata’s Arun Mukherjee, a college dropout by choice, and Soumya Malani, a London School of Economics passout, have come to be known as smallcap aficionados in India’s investor community. They would show up at most AGMs, visit remotest factories of a company and go chasing end-users to understand their exp

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Buy HCL Technologies, target Rs 1,255: HDFC Securities
HDFC Securities has a buy call on HCL Technologies with a target price of Rs 1,255.

The current market price of HCL Technologies is Rs 945.10.

Time period given by brokerage is one year when HCL Technologies price can reach defined target.

Investment rationale by brokerage: We recently hosted HCL Tech’s (HCLT) CFO for investor meetings. The d

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Samsung Q4 profit below estimates, weak chip demand weighs
By Heekyong Yang and Ju-min Park

SEOUL: Samsung Electronics surprised market on Tuesday with an estimated 29 per cent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to "ease confusion" among investors already fretting about a global tech slowdown.

The South Korean firm also said profit would remain subdued in first

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Share market update: PSU Bank shares gain; Syndicate Bank rises over 1%
NEW DELHI: PSU Bank shares were trading in green with Nifty PSU Bank index up 0.56 per cent at 3126.55 around 10:08 am on Tuesday.

Shares of Syndicate Bank (up 1.51 per cent), Union Bank of India (up 1.32 per cent), Bank of India (up 1.08 per cent) and Indian Bank (up 0.99 per cent) were top performers in index.

Canara Bank (up 0.92 per cent),

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After Market: Sugar stocks get a sweet; 100 stocks on slippery slope
NEW DELHI: Healthy gains, led by bank, auto and metal stocks, helped equity benchmarks Sensex and Nifty extend gains to third successive session on Tuesday, as global cues remained positive amid hope of US-China trade deal and a softer Fed rate regime.

The market had to endure choppiness during first half of session owing to bouts of profit

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Mutual funds& AUM falls by 5% to Rs 22.85 lakh crore in Dec
NEW DELHI: Retail investors continued to pour money in mutual funds through systematic investment plans (SIPs) as industry received Rs 8,022.33 crore through this route in December, a rise of 0.46 per cent on a month-on-month basis, media reports said.

SIP inflows stood at Rs 7,985 crore in November. The BSE Sensex and NSE Nifty remained almost

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Share market update: Auto shares in green; Tata Motors up over 2%
NEW DELHI: The Nifty Auto index was trading 0.46 per cent up at 8860.50 around 09:56 am on Tuesday with most of its components trading in green.

Shares of Tata Motors (up 2.42 per cent), Eicher Motors (up 2.14 per cent), Tata Motors (DVR) (up 1.92 per cent) and TVS Motor Company (up 0.88 per cent) were top gainers in index.

Apollo Tyres (up 0.54

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F O: Put writing at 10,700, 10,400 Call unwinding suggest positive bias
By Chandan Taparia The Nifty50 index opened flattish and drifted towards 10,730 level in early part of session on Tuesday, but it witnessed buying interest in second half and headed towards 10,820 mark. It remained volatile and declines got bought into as index managed to hold above its 50-day EMA on daily scale. Now it has to hold above
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Minnows win big; PMSes run by Porinju, Maheshwari beat market
India’s top portfolio managers handsomely beat benchmark equity indices in December. Among PMS (portfolio management services) with asset under management of less than Rs 500 crore, value investor Basant Maheshwari-led Basant Maheshwari Wealth Advisers delivered 6.7 per cent return during month when Sensex and Nifty delivered flat returns.

Among

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Sensex slumps 100 points, Nifty50 tests 10,750; Q3 earnings in focus
NEW DELHI: Domestic equity indices were on track to snap their two-day winning streak as key benchmark indices opened in red on Tuesday on a fresh spell of selling, led by bank, financial and energy stocks even as Asian peers appeared firm on hopes of US-China trade deal.

Rupee's fall against US dollar amid a tepid rise in global crude oil prices

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