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Buy Zensar Technologies, target Rs 280: Elara Capital
Elara Capital has a buy call on Zensar Technologies with a target price of Rs 280.

The current market price of Zensar Technologies is Rs 230.35.

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

Investment rationale by brokerage

Paying off: focus on three verticals and digital delivering growth-

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China gains cushion Asian shares after Apple jolt; flash crash hits currencies
SHANGHAI: US stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China's central bank to help struggling smaller firms lifted shares there, cushioning losses for Asian markets.

The Cupertino, California-based tech giant blamed fewer iPhone upgrades and slowing sales

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Boost for banks with big loans against property
Mumbai: Banks with a larger share of loans against property are likely to benefit from RBI’s latest relief on small value loans to micro and medium level companies and lenders like DCB Bank, Federal Bank, City Union Bank and Kotak Mahindra Bank could see earnings improve, nudging them to open up credit lines to ease freeze. RBI on Tuesday allowed
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Buy Larsen Toubro Infotech; target Rs 2,130: Elara Capital
Elara Capital has a buy call on Larsen - Toubro Infotech with a target price of Rs 2,130.

The current market price of Larsen - Toubro Infotech is Rs 1,735.

Time period given by brokerage is one year when Larsen - Toubro Infotech price can reach defined target.

Investment rationale by brokerage

Clear winner- 2.8 per cent organic growth

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Buy Sobha, target Rs 500: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Sobha Ltd. with a target price of Rs 500.0 . The current market price of Sobha Ltd. is Rs 472.5 Time period given by analyst is Intra Day when Sobha Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 460. Sobha Ltd., incorporated in 1995, is a midcap company
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Elara bullish on midcap IT stocks, picks L T Infotech, Zensar NIIT
Brokerage Elara Capital has initiated coverage on mid-sized technology companies with ‘buy’ ratings on three stocks—L-T Infotech, Zensar Technologies and NIIT Technologies. The brokerage said new technologies are eroding long-held benefits to scale, which had resulted in large technology companies outpacing their smaller peers for two decades.
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F O: Nifty50 forms lower highs lows; Vix rises to rein in bulls
By Chandan Taparia The Nifty50 index remained under pressure on Thursday and witnessed sustained selling throughout session. It formed a bearish candle on daily scale and slipped towards 10,650 mark. It has been making lower highs and lower lows since last two sessions, as it failed to surpass crucial hurdle in 10,925-10,985 zone.

As long as

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Buy Federal Bank, target Rs 99: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Federal Bank Ltd. with a target price of Rs 99. The current market price of Federal Bank Ltd. is Rs 94.85 Time period given by analyst is Intra Day when Federal Bank Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 93. Federal Bank Ltd., incorporated in 1931,
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Big risks for emerging markets in 2019
New York: Emerging markets are tentatively picking themselves up from floor after a rout that’s wiped about $5 trillion off value of stocks since a high in January 2018. But reprieve may not last long.

Rising rates in US, a stronger dollar, Beijing and Washington’s trade war, lower oil prices and emergence of populist leaders in Latin America’s t

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Buy Marico, target Rs 425: Phillip Capital (India)
Phillip Capital (India) has a buy call on Marico with a target price of Rs 425.

The current market price of Marico is Rs 377.95.

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

Investment rationale by brokerage

Domestic business (78 per cent of sales) – commodity windfall to be used for NPDs Parachute (c.45 p

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Sell Bharat Forge, target Rs 478: Kunal Bothra
Independent analyst Kunal Bothra has a sell call on Bharat Forge Ltd. with a target price of Rs 478. The current market price of Bharat Forge Ltd. is Rs 495.1. Time period given by analyst is Intra Day when Bharat Forge Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 502 Bharat Forge Ltd., incorporated in
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India's direct tax-to-GDP at 10-year highThe direct tax-to-GDP ratio of 5.98% achieved during 2017-18 is best in last 10 years, Finance Ministry said on Wednesday. It was 5.57% in 2016-17 and 5.47% in 2015-16. The ministry said larger purpose of demonetisation was to move India from a tax non-compliant society to a compliant society and impact of
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NEW DELHI: Global tech giants Facebook, Apple, Amazon, Netflix, and Google-parent company Alphabet, commonly referred to as FAANG, have together wiped out some $1 trillion worth of investor wealth in their slide from respective high levels hit during second half of 2018.

The value wiped off so far is higher than total market capitalisation of top

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Sell Hindalco Industries, target Rs 204: Kunal Bothra
Independent analyst Kunal Bothra has a sell call on Hindalco Industries Ltd. with a target price of Rs 204. The current market price of Hindalco Industries Ltd. is Rs 214.4. Time period given by analyst is Intra Day when Hindalco Industries Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 221. Hindalco
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US stocks fall at open on global slowdown fears
US stocks opened lower in first session of year as weak data in Asia and Europe confirmed fears of a global economic slowdown while U.S. government shutdown dragged on.

The Dow Jones Industrial Average fell 268.85 points, or 1.15 percent, at open to 23,058.61.

The S-P 500 opened lower by 29.89 points, or 1.19 percent, at 2,476.96. The Nasdaq Co

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Sensex slumps 378 points, Nifty below 10,700; key factors
NEW DELHI: Falling for a second consecutive session, Indian stock market fell over 1 per cent on Thursday on weakness in US stock futures amid prevailing concerns over slowing global growth.

A weak rupee, despite a decline in global crude oil prices, further dampened sentiment back home.

The BSE Sensex settled 378 points or 1.05 per cent lower at

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Sell DLF, target Rs 170: Dr CK Narayan
Dr CK Narayan of Chart Advise has a sell call on DLF Ltd. with a target price of Rs 170. The current market price of DLF Ltd. is Rs 172.9 Time period given by analyst is Intra Day when DLF Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 177. DLF Ltd., incorporated in 1963, is a largecap company with a market
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The NSE benchmark Nifty on Wednesday settled with a loss of 117.60 points or 1.08 per cent at 10,792.50. Indian stocks remained weak on expected lines amid prevailing bearishness in global markets.

Thursday’s as well as upcoming sessions have now become important from technical point of view.

The headline index has retracted once again from

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Jagran Prakashan board approves raising up to Rs 300 crore via NCDs
NEW DELHI: Jagran Prakashan Ltd (JPL), publisher of leading Hindi daily Dainik Jagran, Thursday said its board has approved raising up to Rs 300 crore through issuance of non convertible debentures (NCDs).

"The board of directors at their meeting. considered and approved issue of secured NCDs up to Rs 300 crore, and authorised a debenture

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'BUY' or 'SELL' ideas from experts for Thursday 3 January 2019
NEW DELHI: Domestic equity market is likely to open higher on Thursday tracking Nifty futures on Singapore Stock Exchange (SGX Nifty) and mixed Asian cues.

At 8:31 am SGX Nifty was 36.50 points or 0.34 per cent up at 10,868.50.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Manas Jaiswal of

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Bank of Baroda to raise up to Rs 1,285 crore via Basel III bonds
Bank of Baroda Wednesday said its board has approved raising up to Rs 1,285 crore by issuing Basel III compliant bonds.

In two separate decisions, committee of bank approved issuance of tier II capital bonds compliant with Basel III capital regulations of Rs 1,000 crore, with a base issue size of up to Rs 250 crore and a green shoe option to

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European stock markets fall at open
LONDON: Europe's main stock markets slid at open on Thursday following fresh losses in Asia triggered by Apple's weaker outlook.

London's benchmark FTSE 100 index dropped 0.7 per cent to 6,689.18 points compared with close on Wednesday.

In eurozone, Frankfurt's DAX 30 shed 1.1 per cent to 10,467.11 points and Paris CAC 40 shed 1.0 per cent to

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It makes sense for investors to track dollar returns of stocks and indices. Not only is it important in global sense given that foreigners own more than 40 per cent of Nifty, it is also an accurate reflection of Indian stock market’s performance when benchmarked against global and other emerging market indices.

In first nine months of year, dollar

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Ashok Leyland acquires 27.25% more stake in Ashley Aviation
Hinduja group flagship firm Ashok Leyland Wednesday said it has acquired 27.25 per cent additional stake in Ashley Aviation Ltd (AAL), raising its shareholding in firm to 76.25 per cent.

The company has acquired 10,89,985 shares of Rs 10 each constituting 27.25 per cent in paid-up share capital of AAL at a price of Rs 5.10 per share, Ashok Leyland

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Australian shares end higher as weak dollar boosts export stocks
Australian shares closed more than 1 per cent higher on Thursday as a 'flash crash' in local currency bolstered appeal of export-oriented stocks, with gold stocks topping gains.

The S-P/ASX 200 index gained across board to close 1.4 per cent higher at 5,633.4. The benchmark lost 1.6 per cent on Wednesday.

Broader Asian shares were left shaken

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NEW DELHI: Nifty futures on Singapore Exchange were trading 15.5 point, or 0.14 per cent, higher at 10,847.50, indicating a firm for Nifty50. Here are a few stocks which may buzz most in today’s trade:

BoB, Dena and Vijaya Bank: Traders expect shares of both Dena and Vijaya Bank to fall on Thursday as investors sell stocks to adjust them to value

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Sebi allows ACE Derivatives and Commodity Exchange to shut operations
Markets regulator Sebi has allowed ACE Derivatives and Commodity Exchange to discontinue operations as a bourse and withdrew recognition granted to it.

ACE Derivatives and Commodity Exchange Ltd, Ahmedabad or ACE (formerly known as The Ahmedabad Commodity Exchange), was granted recognition as a commodity derivatives bourse in August 2010.

However,

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Key Fed gauge points to rate cuts for first time since &08
NEW YORK: A market indicator watched by Fed as one of most accurate gauges of economic health is pricing in lower rates for first time in more than a decade.

The little-known near-term forward spread, which reflects difference between forward rate implied by Treasury bills six quarters from now and current three-month yield, fell to -0.0653 basis

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Buy Sun Pharma, target Rs 448: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Sun Pharmaceutical Industries Ltd. with a target price of Rs 448. The current market price of Sun Pharmaceutical Industries Ltd. is Rs 440.3. Time period given by analyst is Intra Day when Sun Pharmaceutical Industries Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at
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After Market: Metal stocks melt, Jet dives; investors lose Rs 1.39 lakh crore
Benchmark equity indices Sensex and Nifty shed 1 per cent each on Wednesday, tracking weak global markets amid concerns over a growth slowdown in China. Investor sentiment deteriorated also after government once again missed Rs 1 lakh crore monthly GST collection target in December.

A fall in revenue collection raises concerns that government may

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