StockMarket

Tata Steel, 4 other stocks drop as CLSA cuts targets on China woes
NEW DELHI: Shares of five metals and mining companies such as Tata Steel, JSW Steel and Hindalco plunged up to 3 per cent in Wednesday’s trade after global brokerages CLSA downgraded stocks to ‘sell’, citing weak Chinese demand.

Deteriorating Chinese demand outlook will weigh on commodity prices, brokerage said, while slashing FY20-21 earnings

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Sensex sheds 200 points on China woes, Nifty50 below 10,850
NEW DELHI: The domestic indices wiped off New year day's gains and opened in red owing to a fall in rupee and data showing lower GST collection for month of December.

Stocks back home also picked up cues from Asian peers which witnessed a downturn owing to disappointing economic data from China.

Around 9:30 am, BSE Sensex was trading at 36,054,

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By Prabhakar KudwaCorporate and large PSU banks provide excellent risk-reward at this juncture for investors. Their earnings have remained supressed over past few years due to several challenges due to asset quality issues and a rate tightening cycle.

With bulof bad assets already recognised and respective watch lists shrinking, there is a case

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Nimble private insurers chip away at LIClead
It is an established business maxim that incumbent leader sheds its dominance in an industry that ends monopolies by law. LIC of India, which once covered whole nation against life’s contingencies, has consistently been ceding ground to new rivals in 18 years New Delhi unshackled business.

On last day of 2018, premier insurer had a leadership

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Palred Tech, Auro Labs among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 166.69 points down at 36,087.88 on Wednesday on account of selling in frontline bluechip counters.

Shares of Motor General Finance (up 14.65 per cent), Radhe Developers (up 14.57 per cent), NTC Industries (up 13.43 per cent), Aditya Birla Money (up 11.29 per cent), Kellton Tech (up

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Share market update: BSE Capital Goods index falls; NBCC, BEML among top losers
NEW DELHI: The S-P BSE Capital Goods index was trading 0.20 per cent down at 18,784 around 02:14 pm on Tuesday with most of its components trading in red.

Shares of Elgi Equipments (down 1.83 per cent), GE T-D India (down 1.09 per cent), BEML (down 1.07 per cent) and Schaeffler India (down 1.06 per cent) were trading lower.

NBCC (India)

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Share market update: Nifty Pharma index flat; Glenmark Pharma down nearly 1%
NEW DELHI: The Nifty Pharma index was trading 0.03 per cent down at 8879.35 around 10:25 am on Wednesday with its components trading on a mixed note.

Shares of Biocon (up 0.65 per cent), Lupin (up 0.49 per cent), Dr. Reddy's Laboratories (up 0.20 per cent) and Divi's Laboratories (up 0.19 per cent) were top gainers in index.

Glenmark

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After Market: PSU banks realty stocks shine; auto develops snag
Domestic equity market kicked off New Year on a cheerful note. Fag-end buying in select telecom and financial stocks supported benchmark NSE Nifty to extend its rally into fifth day. The 50-pack added 47 points, or 0.44 per cent, to end at 10,910, while 30-share BSE Sensex closed 186 points, or 0.52 per cent, higher at 36,254.

As many as 32 Nifty

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NEW DELHI: The New Year may have started on a dull note for domestic equities, but a smart bounce in benchmark indices during last four sessions has made many stocks look strong on technical charts.

On NSE, 63 such stocks may advance in coming days, as suggested by momentum indicator moving average convergence divergence, or MACD.

The technical

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After a dip in October, retail loans grow 17.2% in November
MUMBAI: After a dip in October, retail loan growth accelerated in November, paced by demand from home and car buyers, with petrol and diesel prices falling from their 2018 highs.

On a year-on-year (y-o-y) basis, retail loans increased 17.2 per cent to Rs 20.6 lakh crore in November, compared with 16 per cent in October, latest Reserve Bank of India

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Tech view: Nifty forms a Hammer candle; bulls refuse to cede turf
NEW DELHI: Nifty50 on Tuesday extended its gains into fifth consecutive session. The index saw a strong recovery in late trade to end up forming a Hammer candle on daily chart, which suggested that bulls were in no mood to cede t o bears.

The index has sent out a buy signal and could move in 10,920-10,985 range in coming days.

“As long as index h

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By Dhiraj Dave

I like Shivalik Bimetal Controls as an investment idea for 2019.

Shivalik Bimetal Controls is engaged in business of manufacturing - sales of thermostatic bimetal/trimetal strips, components, EB-welded products, cold-bonded bimetal strips and parts.

Promoted by SS Sandhu and NS Ghumman and incorporated in 1984, company exports

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Kotak expects GDP to grow at 7%, says NBFCs more fragile now
Mumbai: India is well poised to grow at 7 per cent, but one needs to be watchful of non-banking finance companies’ segment which appears to be a lot more fragile now than a year ago due to violent interest rate and liquidity movements during year, billionaire Uday Kotak said in a New Year message to his staff.

“I do believe that NBFC sector is m

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F O: Vix drops 4%, Nifty50-s trading bias remains positive
By Chandan TapariaNifty50 index opened in positive but remained dull in first half of session and drifted towards 10,800 level. However, it witnessed a strong recovery in last hour of trade and recovered more than 100 points from day’s low. The index formed a Hammer candle on daily scale, which indicated that decline got bought into.

Now, it

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Share market update: Consumer Durables shares mixed; Crompton Greaves jumps over 3%
NEW DELHI: The S-P BSE Consumer Durables index was trading 0.36 per cent up at 20,768.53 around 02:03 pm on Tuesday with its components trading on a mixed note.

Shares of Crompton Greaves Consumer Electricals (up 3.54 per cent), TTK Prestige (up 0.39 per cent), Blue Star (up 0.19 per cent) and Rajesh Exports (up 0.14 per cent) were top

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Share market update: Auto shares tumble; Eicher Motors plunges over 5%
NEW DELHI: Auto shares were trading in negative zone with Nifty Auto index down 1.47 per cent at 9047.65 around 10:16 am on Wednesday due to muted auto sales numbers.

Shares of Eicher Motors (down 5.37 per cent), Mahindra - Mahindra (down 3.48 per cent), Tata Motors (down 2.04 per cent) and Tata Motors (down 2.02 per cent) were top losers in

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Sensex kicks off 2019 with 186-point rally, Nifty tops 10,900
NEW DELHI: A sharp rally in banking and financial stocks helped benchmark indices snap out of intraday losses and end first of New Year on a firm footing on Tuesday.

Sensex closed 186 points or 0.52 per cent higher at 36,255 with 20 stocks in green and 10 in red. Its NSE counterpart Nifty settled above 10,900-mark at 10,910, up 48 points or 0.44

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Share market update: Telecom shares bullish; MTNL surges over 16%
NEW DELHI: Telecom shares were trading in positive zone with S-P BSE Telecom index up 0.49 per cent at 993.27 around 12:25 pm on Tuesday.

Shares of Mahanagar Telephone Nigam (up 16.43 per cent), GTL Infrastructure (up 3.80 per cent), Tejas Networks (up 1.66 per cent) and GTL (up 1.59 per cent) were top performers in index.

Vindhya Telelinks

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ETMarkets.com|

Jan 02, 2019, 10.05 AM IST

GettyImages-463115585The airline said that payments were delayed due to temporary cashflow mismatch.
NEW DELHI: Shares of Jet Airways dropped 2 per cent in Wednesday’s trade after company defaulted on payment of interest and principal installment due to consortium of SBI-led banks. At 9.40 am, scrip was trading 2.21 per cent
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By Ameya Karve and Ashutosh JoshiIndia will make physical settlement of all equity derivatives contracts mandatory this year in a bid to reduce volatility and reinvigorate process of borrowing and lending of stocks.

The Securities and Exchange Board of India, or Sebi, had announced its plan to mandate physical settlement in April last year,

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If I were to pick a rebound story for 2019, it will be hotel industry
By Gaurav Sud

India’s hotel industry has been through a cyclical low over past decade. This has turned many companies in sector loss making, and overall return on invested capital has been lousy. This can be attributed to many reasons.

There was a sharp rise in average room rent (ARR) during 2002-2007 period. In metros like Delhi and Mumbai, it was

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Share market update: IT shares gain; TCS rises over 1%
NEW DELHI: IT shares were trading in green with Nifty IT index up 0.65 per cent at 14,545.40 around 10:08 am on Wednesday.

Shares of Tata Consultancy Services (up 1.22 per cent), MindTree (up 1.04 per cent), Wipro (up 0.83 per cent) and NIIT Technologies (up 0.79 per cent) were top performers in index.

Tech Mahindra (up 0.76 per cent), Infosys (up

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Share market update: Auto shares mixed; M M slips nearly 4%
NEW DELHI: Most auto stocks settled on a mixed note on Tuesday amid mixed December auto sales numbers. The Nifty Auto index closed 0.57 per cent down at 9182.45.

Sales of Maruti Suzuki India were down for second straight month and it reported 1.3 per cent decline in sales at 1,28,338 units in December 2018. Shares of Maruti Suzuki India closed up

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Share market update: OMCs trade in green; Indraprastha Gas rises nearly 2%
NEW DELHI: OMCs were trading in green with S-P BSE Oil - Gas index up 0.17 per cent at 13,772.38 around 12:17 pm on Tuesday.

Shares of Indraprastha Gas (up 1.91 per cent), Petronet LNG (up 1.30 per cent), GAIL (India) (up 0.49 per cent) and Castrol India (up 0.30 per cent) were top gainers in index.

Hindustan Petroleum Corporation (up

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ULIPs: A holistic risk management tool
By RM Vishakha

In context of financial instruments, commonly used phrase “having your cake and eating it too” goes well with ULIPs or Unit-Linked Insurance Plans.

When we think of risks, we only associate with physical risks (death, disability, critical illness). The risks of market volatility and lack of financial discipline are real, significant,

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By Sankaran NarenCalendar 2019 is likely to be an interesting year for investors, as market braces for near-term volatility owing major near-term event of general elections. As on date, Indian equity market is fairly valued; it is neither cheap nor expensive. More importantly, focus now is on individual stock picking, as plenty of opportunities
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By Jiten ParmarI always look to invest in a company when I find it much below its intrinsic value. You call it contrarian investing, or whatever, fact is it works most of time, especially when there is an overall pessimism in a sector.

Even managements are pessimistic in such times. That’s when you can buy a dollar worth of assets for, let’s say 40

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Share market update: PSU Bank shares mixed; Vijaya Bank up nearly 1%
NEW DELHI: The Nifty PSU Bank index was trading 0.04 per cent up at 3138.55 around 09:58 am on Wednesday with its components trading on a mixed note.

Shares of Vijaya Bank (up 0.98 per cent), Indian Bank (up 0.40 per cent), State Bank of India (up 0.12 per cent) and Union Bank of India (up 0.11 per cent) were top performers in index.

Canara Bank

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Share market update: Nifty Private Bank index up; YES Bank rises over 1%
NEW DELHI: Shares of private sector banks were trading on a mixed note with Nifty Private Bank index up 0.23 per cent at 15,326.65 around 02:35 pm on Tuesday.

Shares of YES Bank (up 1.40 per cent), Axis Bank (up 1.28 per cent), HDFC Bank (up 0.29 per cent) and ICICI Bank (up 0.28 per cent) were top gainers in index.

IndusInd Bank (down 1.02 per

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Share market update: BSE Power index trades flat; Torrent Power slips 1%
NEW DELHI: The S-P BSE Power index was trading 0.22 per cent down at 1994.72 around 11:54 am on Tuesday with its components trading on a mixed note.

Shares of Thermax (up 1.31 per cent), KEC International (up 0.83 per cent), Siemens (up 0.75 per cent) and Adani Transmission (up 0.73 per cent) were top performers in index.

Torrent Power (down

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