StockMarket

Rupee opens 16 paise down at 69.84 vs dollar
The rupee on Tuesday opened 16 paise lower at 69.84 against dollar as Central Statistics Office announced GDP data amid a jump in crude oil prices.

Oil prices advanced on hopes that US-Chinese talks in Beijing would bring a halt to trade disputes between world’s biggest economies while OPEC-led supply cuts tightened markets.

International Brent

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Share market update: Pharma shares mixed; Glenmark Pharma dips over 2%
NEW DELHI: Pharma shares were trading mixed with Nifty Pharma index down 0.25 per cent at 8766.10 around 11:04 am on Monday.

Shares of Cadila Healthcare (up 0.48 per cent), Divi's Laboratories (up 0.39 per cent), Cipla (up 0.38 per cent) and Sun Pharmaceutical Industries (up 0.16 per cent) were top gainers in index.

Glenmark Pharmaceuticals (down

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In Friday’s volatile trade, domestic equity market attempted to stabilise, as it halted its decline near confluence of two pattern supports, and 50-DMA which currently stands at 10,646. The market saw a positive start, but soon lost ground to slip into negative territory. Thereafter, market spent much of session oscillating within a defined range.

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GRUH Finance, AGC Networks among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 61.82 points down at 35,788.34 on Tuesday on account of selling in frontline bluechip counters.

Shares of GRUH Finance (down 13.98 per cent), Bloom Dekor (down 12.01 per cent), Radhe Developers (down 10.56 per cent), D - H India (down 9.88 per cent), Ausom Enterprise (down 9.26

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View: On downside, Nifty has support in 10,690-10,650 zone
By Swapneel V MantriWhere are We The week goneby saw Nifty starting New Year on a sluggish note, gyrating to various global and local news flows amidst global growth concerns and macro volatility. Nifty closed week at 10727, tad below 200 DMA of 10781.

What is in Store Nifty has been trading largely range-bound with stock specific action and

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US and Chinese officials are set to begin trade negotiations on Monday in hope of reaching a deal during a 90-day truce between President Donald Trump and his counterpart Xi Jinping.

While mid-level talks probably won’t produce a major breakthrough, stakes are high as both sides face a resumption of tariffs in March if they don’t strike a deal. Mor

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Buzzing stocks: NBCC, RCom, YES Bank, Eicher Motors, Infosys
NEW DELHI: NBCC with over 0.73 crore shares changing hands was leading among most traded stocks on NSE on Tuesday.

Shares of Ashok Leyland (number of shares traded: 0.33 crore), Reliance Communications (number of shares traded: 0.32 crore), India Cements (number of shares traded: 0.24 crore), YES Bank (number of shares traded: 0.24 crore), Tata

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Share market update: IT shares gain; HCL Tech up over 1%
NEW DELHI: The Nifty IT index was trading 0.75 per cent up at 14,251.80 around 10:50 am on Monday with most of its components trading higher.

Shares of HCL Technologies (up 1.46 per cent), NIIT Technologies (up 1.23 per cent), MindTree (up 1.12 per cent) and Tech Mahindra (up 0.96 per cent) were top performers in index.

Tata Consultancy Services

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Buy Bank of Baroda, target Rs 190: Nomura
Nomura India has a buy call on Bank of Baroda with a target price of Rs 190.

The current market price of Bank of Baroda is Rs 121.55.

Time period given by global brokerage is one year when Bank of Baroda price can reach defined target.

Investment rationale of NomuraMerger ratio favourable; maintain Buy: BOB’s board has decided on merger ratio for

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Amazon is now world's most valuable private company
Amazon for first time closed out Monday's session as world's biggest company by market capitalization, overtaking Microsoft and other fellow tech behemoths.

The online sales goliath assumed top spot after notching a 3.4 percent gain to finish with a market capitalization of $796.8 billion, about $13.2 billion more than Microsoft.

Led by Chief

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Info Egde, ITC and IDBI Bank among 12 stocks analysts say can deliver in 2-3 weeks
NEW DELHI: The optimism in global markets over a possible US-China trade deal and US Fed’s signal of a likely pause in interest rate hikes lifted major markets across world, including Indian equity benchmarks Sensex and Nifty.

Monday’s gains marked second consecutive session of rise for domestic stocks, backed by healthy gains across sectors. A

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Tweet Buster: Apple-s irony, how bulls make money Shankar Sharma-s dig at Buffett
NEW DELHI: Dalal Street kicked off first week of New Year on a sombre note, mainly on account of dismal global cues. Although bulls managed to pull themselves out of hibernation on Friday, things may go either way as we step into a new week tomorrow.

Twitter activity of Dalal Street's talking class also remained muted, maybe because of yearend

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Buy BEML, target Rs 950: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on BEML Ltd. with a target price of Rs 950. The current market price of BEML Ltd. is Rs 911.55. Time period given by analyst is Intra Day when BEML Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 889. BEML Ltd., incorporated in 1964, is a midcap company with a
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Share market update: PSU Bank shares up; BoB rises over 1%
NEW DELHI: PSU Bank shares were trading in green with Nifty PSU Bank index up 0.68 per cent at 3146.40 around 10:40 am on Monday.

Shares of Bank of Baroda (up 1.15 per cent), Vijaya Bank (up 0.94 per cent), Indian Bank (up 0.92 per cent) and State Bank of India (up 0.74 per cent) were top performers in index. Punjab National Bank (up 0.62 per

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MFs add Rs 1.24 lakh crore to asset base in 2018 on SIP flows, strong retail participation
NEW DELHI: Mutual funds have added a staggering Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets.

The asset under management (AUM) of industry grew by 5.54 per cent or Rs 1.24 lakh crore to Rs 23.61 lakh crore at end of December 2018,

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Days after issuing a circular that sought to clarify taxes on valuations, Central Board of Direct Taxes (CBDT) withdrew it following a Congress party press conference at which it said move would exonerate Rahul and Sonia Gandhi over income-tax liabilities in Associated Journals Ltd (AJL) case.

The withdrawal means that taxman will again start

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Top Quant play ideas for week
By Motilal OswalOption WritingSTRATEGY 1Writing against Cash / Fut HoldingSell INDUSIND BANK 1680 CE 31-JAN-19 @ 12.45 Target Level : 0.45 Stop Loss Level : 18 Gross Monthly Yield : 0.95% ROI : 5.75% Margin : 62,500 Days to Expiry : 25

Writing with HedgingLeg 1: Sell INDUSIND BANK 1680 CE 31-JAN-19 @ 12.45 Leg 2: Buy INDUSIND BANK 1740 CE 31-JAN-19

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Buy V-Guard Industries, target Rs 264: Sharekhan
Sharekhan has a buy call on V-Guard Industries with a target price of Rs 264.

The current market price of V-Guard Industries is Rs 217.25.

Time period given by brokerage is one year when V-Guard Industries price can reach defined target.

Investment rationale by brokerageStock price moved up by 26 per cent in past two months: The stock price of

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Top intraday trading ideas for afternoon trade for Monday 7 January 2019
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.comAxis Bank is a 'Buy' call with a target price of Rs

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Asian shares ride relief rally, Sino-US trade a hurdle
SYDNEY: Asian shares sped ahead on Monday as a dovish turn by Federal Reserve and startlingly strong US jobs data soothed some of market's worst fears about global outlook.

Chinese stocks firmed after country's central bank announced an easing in policy on Friday, with 100 basis points of cuts to bank reserve requirements freeing up around $116

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FPI outflow at Rs 83,000 crore in 2018 on crude price rise, rupee depreciation
NEW DELHI: Overseas investors pulled out over Rs 83,000 crore from capital markets in 2018, after pouring in a record Rs 2 lakh crore in preceding year, on back of rate hikes in US, rise in global crude prices and rupee depreciation.

Moreover, flows are expected to be range-bound in 2019 as FPIs may continue with a cautious stance until there are

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Penny stocks are bad. Small and mid-cap stocks are high risk, high return proposition. That leaves blue-chip companies as haven for bulk of investors. What happens when these stocks lose value on bourses since companies get mired in governance issues Investors in Sun Pharma, ICICI Bank, IL-FS group companies, Yes Bank and Fortis Healthcare wil
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Buy Indraprastha Gas, target Rs 298: Sumeet Bagadia
Sumeet Bagadia of Choice Equity Broking has a buy call on Indraprastha Gas with a target price of Rs 298.

The current market price of Indraprastha Gas is Rs 276.50.

Time period given by analyst is two weeks when Indraprastha Gas price can reach defined target.

Sumeet Bagadia recommended keeping a stop loss at Rs 267.

"On daily chart, stock has

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Six of top 10 valued companies lose Rs 38,153 crore in m-cap
NEW DELHI: The combined market valuation of six of 10 most valued companies slumped by Rs 38,152.86 crore last week, with Reliance Industries (RIL) taking steepest hit.

While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC suffered losses in their market capitalisation (m-cap) for week ended Friday, Infosys, SBI, Kotak Mahindra

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ET Intelligence Group: Fiscal deficit higher than budgeted may prompt government to push PSUs for buybacks or higher dividends.

The gap between government expenditure and revenues at end of November stood at Rs 6.48 lakh crore against budgeted Rs 6.24 lakh crore (3.3 per cent of GDP). Going by fiscal trend and latest data points, it looks highly

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Share market update: Nifty Auto index up 1%; Tata Motors, M M among top gainers
NEW DELHI: The Nifty Auto index was trading 1.01 per cent up at 8898.60 around 10:31 am on Monday with most of its components trading in green.

Shares of Tata Motors (up 3.33 per cent), Tata Motors (DVR) (up 3.06 per cent), Exide Industries (up 2.45 per cent) and Maruti Suzuki India (up 1.90 per cent) were top gainers in index.

Amara Raja

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Bernanke plays down stocks selloff, dismisses crisis comparison
By Jeanna Smialek

Former Federal Reserve Chairman Ben Bernanke isn’t worried about recent selloff in US equities. In fact, he isn’t even surprised.

“I don’t think this is way out of range of relatively normal behavior -- we have uncertainty about trade, we’ve got uncertainty about global economy, we’ve got uncertainty about near-term path of US econ

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Expert Take: We&re positive on auto, metals and pharma
By Vikas Jain

Where are We The Nifty 50 index traded volatile in first week of 2019. The index failed to cross its 100-day moving average of 10,920 levels as weak global market had a negative sentiment on Indian market that pulled index lower to end week down by 1.2%. However, Bank Nifty continued to outperform, led by PSU banks to end flat to

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Buy Rupa Company, target Rs 394: ICICI Securities
ICICI Securities has a buy call on Rupa - Company with a target price of Rs 394.

The current market price of Rupa - Company is Rs 352.50.

Time period given by analyst is two weeks when Rupa - Company price can reach defined target.

ICICI Securities recommended keeping a stop loss at Rs 330.

"The resolute breakout from past two months

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NEW DELHI: The week gone by saw a decent rebound in market, backed by gains in banking and financial stocks amid positive global cues after US and China appeared to be coming closer to resolving their trade dispute.

In sync with most global peers, Sensex and Nifty logged healthy gains of half-a-per cent each on Friday. On a weekly basis, however,

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