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By Elena Popina, Sarah Ponczek and Vildana HajricGoing strictly by VIX, US stock market just saw its biggest weekly drop in volatility since March. Go by traders’ nerves and you’d have a hard time framing past few days as anything but another trial for markets that have known little but upheaval for three months.

Exhausted by December convulsions

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Sebi attaches financial assets of Maharashtra ministerwife
Mumbai: Markets regulator Securities - Exchange Board of India (Sebi), in an order passed on Thursday, has attached financial assets of Maharashtra’s cooperation, marketing and textiles minister Subhash Deshmukh’s wife Smita and other directors of Lokmangal Agro Industries.

The regulator has attached all bank and demat accounts as well as

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After Market: RCom, Bharti, PSU banks shine; 122 stocks bearish
NEW DELHI: Healthy gains in bank, financials and metal stocks amid positive global cues and a strong rupee helped domestic equity benchmarks snap their two-session losing streak on Friday.

Markets across globe rallied after China said it would hold a vice-ministerial-level talks on Monday and Tuesday with US to resolve trade tussle.

Investors

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Throughout week gone by, domestic equity market continued to face resistance at falling trend line pattern. Though no major downsides were witnessed, Nifty did not make any major upward move either. A major part of previous week saw addition of a significant amount of shorts, but no short covering came through and Nifty settled week with a net
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CLSA sets Nifty year-end target at 11,000; says re-rating unlikely in 2019
Foreign brokerage CLSA has cautioned investors to brace for volatility in market going ahead and has set a December-end target of 11000 for Nifty, which means a potential upside of 2 .5 per cent.

The Nifty ended up 55.10 points, or 0.5 per cent, at 10727.35 on Friday.

Above-average valuations and political uncertainty make a rerating unlikely in

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Buy Havells India, target Rs 788: Anand Rathi
Brokerage Anand Rathi has a buy call on Havells India with a target price of Rs 788.

The current market price of Havells India is Rs 680.20.

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

Investment rationale by brokerageIn its latest quarterly results, Havells recorded net revenue growth of 23 per

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By Katherine Greifeld and Ben BartensteinEmerging markets look to be in a sweet spot.

Developing-nation assets roared back Friday after Federal Reserve Chairman Jerome Powell said policymakers are “ listening carefully” to markets, denting dollar and boosting allure of riskier investments. Leading charge among currencies was Turkish lira, one of la

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RBI: RBI extends customer protection to PPI deals - The TheIndianSubcontinent

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Buy Coal India, target Rs 325: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on Coal India with a target price of Rs 325.

The current market price of Coal India is Rs 235.70.

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

Investment rationale by brokerageCoal India’s (CIL) shipments fell (first time since October 2016) 1.2 per cent YoY

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Yield curve not reliable US recession indicator: Trump adviser
WASHINGTON: The US Treasury yield curve is not currently a reliable recession indicator because quantitative easing has depressed yields on long end of curve, a top White House economic adviser said on Friday.

“When yield curve inverts then that usually is a sign that there’s a recession coming,” Kevin Hassett, chairman of White House Council of Ec

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US stocks surge on strong US jobs report, trade optimism
US stocks jumped on Friday, rebounding from a steep slide a day earlier, as a robust U.S. jobs report added to optimism from proposed trade talks between United States and China next week.

Nonfarm payrolls increased by 312,000 jobs in December, largest gain since February and beat economists' expectations of 177,000 jobs. Wages also rose, while

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Tech view: Nifty50 forms Hammer candle, may turn sideways for now
NEW DLEHI: The Nifty50 formed a Hammer candle on daily chart on Friday, as index recouped its losses to end on a high note in an otherwise poor week for equities.

Analysts said index might turn sideways with a positive bias for a couple of days before seeing any directional move.

On weekly charts, Nifty formed a Bearish Engulfing pattern, said

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BofAML says buy equities as sentiment falls to 'extreme bear' territory
LONDON: Bank of America Merrill Lynch’s “Bull - Bear” gauge of market sentiment has fallen to 1.8, a level US bank’s strategists describe as “extreme bear” territory that has triggered a “buy” signal for equities.

This is first time “buy” signal for risk assets has been triggered since June 2016 when Brexit vote sent global markets spiralling

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NSEL scam: Govt has not made recommendation to declare brokers 'not fit and proper'
The government Friday said it has not made any recommendation to NCLAT for declaring brokers involved in payment crisis at NSEL as "not fit and proper", as such power lies with markets regulator Sebi.

The Rs 5,600-crore National Spot Exchange Ltd (NSEL) payment scam came to light in 2013.

"The Ministry of Corporate Affairs has not made any

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Sensex, Nifty rise after two days as PSU banks rally
NEW DELHI: Led by gains in bank and financial stocks, key equity indices snapped two-day losing streak in Friday's session amid bullish global cues.

Firmness in rupee also boosted market sentiment.

BSE Sensex ended day at 35,695, up 181 points or 0.51 per cent with 20 constituents in green and 10 in red. Meanwhile, Nifty50 settled day at 10,727,

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Fund managers hoping for stock rally look to emerging markets
NEW YORK: After emerging market stocks led global equity markets lower in a brutal 2018, some US-based fund managers are betting that asset class may have largest rebound in new year.

It may not look likely at moment, given that an economic downturn in China prompted iPhone-maker Apple Inc (AAPL.O) to lower its quarterly revenue forecast on

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Sebi asks bourses to make additional disclosures on commodity derivatives segment
Market regulator Sebi Friday directed stock exchanges to make additional disclosures on their websites with regard to trading in commodity derivatives segment.

"Stock exchanges shall make disclosures on a weekly basis for every Wednesday by next Wednesday (and for next trading day in case of holiday on any Wednesday) by October 1, 2019," Sebi said

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By Vrishti Beniwal, Anirban Nag and Bibhudatta PradhanIndia’s economy grew at a faster pace than most major nations in 2018, and this year, it’s poised to overtake U.K. to become world’s fifth-biggest.

But that journey won’t be smooth. The outcome of a general election due by May is a potential pitfall for a nation already battered by emerging m

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Powell pledges patience; says won't quit if Trump asks
Federal Reserve Chairman Jerome Powell on Friday moved to mollify financial markets concerned about a US economic slowdown, saying that while momentum is solid, US central bank will be sensitive to downside risks market is pricing in.

Powell also said he would not quit if asked to resign by President Donald Trump, who has repeatedly chastised Fed

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Forex reserve rises by $116.4 million to $393.404 billion
The country's foreign exchange reserves increased by $116.4 million to $393.404 billion in week to December 28, on account of rise in foreign currency assets, according to RBI data.

In previous week, reserves had increased by $167.2 million to $393.287 billion.

In reporting week, foreign currency assets, a major component of overall reserves, rose

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Stock market update: Oberoi Realty, Phoenix Mills, DLF keep realty pack in green
NEW DELHI: Gains in shares of Oberoi Realty (up 2.84 per cent), Phoenix Mills (up 1.58 per cent), DLF (up 1.19 per cent) and Godrej Properties (up 0.60 per cent) were keeping Nifty Realty index in Friday's session.

The Nifty Realty index was trading 0.66 per cent up at 236 around 02:50 pm.

However, shares of Sobha (down 3.26 per cent), Sunteck

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Foreigners pull most cash from Asian equities in at least seven years in 2018
Foreign outflows from Asian equities were biggest in at least 7 years in 2018 as Sino-US trade war and slowing profits battered regional stocks last year.

Data from South Korea, Taiwan, India, Thailand, Philippines, Indonesia and Vietnamese stock exchanges showed foreigners sold a net $33.6 billion worth of equities last year, which was biggest

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Sebi refuses to grant stay on forensic audit of Parsvnath Developers
Markets regulator Sebi Friday refused to grant a stay on forensic audit of Parsvnath Developers Ltd (PDL), which figured in list of 331 "suspected shell companies".

In an interim order passed in August 2018, Sebi directed a stock exchange to appoint an independent forensic auditor to verify any misrepresentation including of financials or business

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Powell must regain control of Fed narrative
By Mohamed A. El-Erian

Using words to influence people’s behavior — technically known as policy guidance — is key to Federal Reserve’s ability to deliver on its dual mandate of maximum employment and stable prices. Yet effectiveness of central bank’s communications strategy has taken a hit in last few weeks. Chair Jerome Powell has a golden opportu

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By DK Aggarwal

India’s power sector is undergoing a noteworthy change, and this has redefined industry outlook. Demand for electricity is seeing a steady growth with a pick-up in economy, especially manufacturing activity, as well as favorable government policy. The government has implemented various progressive measures to maximise power

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Sebi orders attachment of bank, demat accounts of Lokmangal Agro, directors
Markets regulator Sebi has ordered attachment of bank and demat accounts, along with mutual fund folios, of Lokmangal Agro Industries and its directors to recover dues of around Rs 75 crore.

The move comes after regulator in May 2018 had directed firm and its seven directors to refund amount of Rs 74.82 crore which they had illegally raised from

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Sebi adds Sarath Associates in CA firms list to conduct forensic audit of listed cos
Markets regulator Sebi has selected Hyderabad-based chartered accountant Sarath - Associates for conducting forensic audits of financial statements of listed firms to check frauds, taking total number of such entities to 10. The watchdog has already enrolled nine entities -- KPMG, Grant Thornton, Ernst - Young Associates LLP, Deloitte Touch
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Nifty50 continued its downward spell in tandem with global markets during week gone by but showed good resilience too.

Gloomy forecasts are running high on Streets as trade war tensions and geopolitical posturing seems to have become overriding concerns for world. In India too, micro concerns are emerging’ NBFCs and HFCs are expected to report a

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IndianOil to raise up to $1.5 billion from overseas bond sale
The nations' largest oil marketing and refining company Indian Oil Corporation (IOC) has hit international bond market to raise up to USD 1.5 billion.

The state-run company is looking to raise between USD 750 million and USD 1.5 billion through US-dollar- denominated notes, i-banking sources said Friday.

The bonds have been rated Baa2 by Moody's

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US House votes to end shutdown amid Trump veto threat over wall
By Erik Wasson and Anna EdgertonThe new House Democratic majority voted Thursday to end partial government shutdown but brought Congress no closer to resolving impasse over President Donald Trump’s demand to pay for a border wall.

The president and Senate Republicans oppose Democrats’ plan, and next effort to reopen closed agencies will come when l

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