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Share market update: OMCs trade in the red; Indraprastha Gas down nearly 1%
NEW DELHI: Most OMCs were trading in the red with the S-P BSE Oil - Gas index down 0.31 per cent at 13,738.64 around 12:26 pm on Monday.

Shares of Indraprastha Gas (down 0.68 per cent), Reliance Industries (down 0.60 per cent), GAIL (India) (down 0.43 per cent) and Oil And Natural Gas Corporation (down 0.43 per cent) were the top losers in

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By Liau Y-Sing and Kartik GoyalIf you lost money on emerging Asian bonds and currencies this year, be warned: the first half 2019 may see more of the same.

In what could be an unwelcome replay, risk assets are likely to remain at the mercy of the U.S.-China trade war, a messy Brexit and rising U.S. interest rates. Almost all emerging Asian

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Wall Street rally pauses, but stocks mint weekly gain
The S-P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide.

Major indexes moved in and out of positive territory during the day, action that was emblematic of recent volatility though

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Delta Corp, Sun TV, TVS among 10 stocks that can give decent returns in 3 weeks
NEW DELHI: Optimism in global markets on growing prospects of a trade deal between the US and China got rubbed off on Indian market on Monday, helping equity benchmarks continue their winning streak for the fourth consecutive session.

However, an uptick in global crude oil prices capped the gains. Besides concern over weak global economic growth

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US-China trade talks, crude oil among 7 factors that may steer Dalal Street this week
NEW DELHI: Last week brought some relief to the domestic equity investors, as key indices Nifty and Sensex, logged weekly gains of about 1 per cent, thanks to a firming trend in global markets and easing crude oil prices.

However, Dalal Street witnessed some bouts of volatility, owing to the expiry of December F-O series and global cues

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RBI to set up compliance portal to track cyber fraud
Mumbai: The Reserve Bank of India (RBI) would set up a compliance and tracking system portal to tackle the proliferation of cyber-fraud and seeks to establish a better redressal mechanism for consumers. With digital transactions gaining traction, RBI’s customer-protection measures are seen as a bid to promote and improve confidence in the digital c
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Share market update: BSE Power index trades flat; KEC International up over 2%
NEW DELHI: The S-P BSE Power index was trading 0.01 per cent up at 1991.66 around 12:17 pm on Monday with most of its components trading with gains.

Shares of KEC International (up 2.66 per cent), Bharat Heavy Electricals (up 1.39 per cent), Adani Transmission (up 0.99 per cent) and Thermax (up 0.96 per cent) were the top performers in the

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Fortis Healthcare Saturday said its statutory auditor Deloitte Haskins and Sells LLP has tendered resignation as the company's largest shareholder Malaysian firm IHH prefers to align its auditors on a group wide basis.

"Pursuant to the issuance of 235,294,117 equity shares to Northern TK ventures Pte Limited, a subsidiary of IHH, IHH has become

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Cabinet okays share sales in 7 CPSEs
MUMBAI: The government has approved share sales in seven central public sector enterprises (CPSEs) to unlock value and raise funds through share sales to meet its disinvestment target.

Those approved for listing by the Cabinet Committee on Economic Affairs (CCEA) include RailTel Corp India Ltd, Telecommunications Consultants India Ltd (TCIL),

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Share market update: Bank shares mixed; RBL Bank rises nearly 1%
NEW DELHI: Bank shares were trading mixed with the Nifty Bank index up 0.06 per cent at 27,142.40 around 11:59 am on Monday.

Shares of RBL Bank (up 0.65 per cent), IndusInd Bank (up 0.61 per cent), Federal Bank (up 0.59 per cent) and State Bank of India (up 0.54 per cent) were trading higher.

Kotak Mahindra Bank (down 0.33 per cent), Punjab

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Infibeam, Snapdeal terminate Unicommerce deal
NEW DELHI: Infibeam Avenues has said its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, has been terminated.

"we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time period," Infibeam said in a regulatory filing. In May,

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Falling input costs a plus for FMCG stocks: Jefferies
The fast-moving consumer goods stocks could be re-rated over the next few months as falling input costs and rising demand pans out well for their margins, according to analysts at Jefferies.

However, given stretched valuations amidst steady demand trends, the brokerage remains cautious with select buys such as ITC, Dabur, Nestle, Asian Paints and

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Share market update: Nifty FMCG index flat; Dabur up nearly 1%
NEW DELHI: The Nifty FMCG index was trading 0.01 per cent up at 30,545.75 around 11:46 am on Monday with its components trading on a mixed note.

Shares of Godrej Industries (up 1.77 per cent), Dabur India (up 0.87 per cent), ColgatePalmolive (India) (up 0.83 per cent) and Godrej Consumer Products (up 0.78 per cent) were the top gainers in the

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Defensive stocks on top 2019 playbooks on Wall Street
NEW YORK: Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street's cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019.

Growth-oriented sectors like tech or communications services have typically dominated year-end roundups of investment ideas.

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Banks can continue liquidity support to NBFCs until March
Mumbai: The Reserve Bank of India (RBI) has extended to end-March the relaxation offered to banks for providing liquidity support to NBFCs. This facility was initially available up to end-December.

“In order to further facilitate banks to lend to NBFCs and HFCs, it has been decided to extend the aforesaid facilities up to March 31,” the RBI said l

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Il FS Transportation drops 5% on defaulting on NCD interest payments
NEW DELHI: Shares of IL-FS Transportations dropped 5 per cent in Monday’s trade after the company said it has defaulted in payment of interest due on non-convertible debentures (NCDs) totaling Rs 3.98 crore.

The interest due was not paid due to insufficient funds, the company said in a filing to BSE.

The company made the announcment post

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NEW DELHI: Less than 20 per cent of Nifty500 stocks are today trading below their 200-day moving averages. The market breadth suggests extreme bearishness. Is there too much of pessimism at play in the market

Given that the coming year is going to be the election year, volatility is a given. The secondary market has turned cautious, and primary

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Mumbai: The Reserve Bank of India plans to usher in new asset liability management (ALM) norms for non-banking finance companies (NBFCs) — similar to the one for banks — to avert asset liability mismatches like the one that led IL-FS to default and cause a liquidity squeeze.

“The recent experience of debt default of a systemically important N

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Top intraday trading ideas for afternoon trade for Monday 31 December 2018
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.comTata Steel is a 'Buy' call with a target price of

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During the week gone by, the domestic market continued to deal with overhead resistance levels on the expected lines. The market remained volatile through the week, and Nifty was seen oscillating in a wide range, as it dealt with a couple of important resistances on the charts. Dalal Street week ahead: Market witnessing sectoral rotation, avoid shorts aggressive longsEven as it closed near the upper band of the week’s trading range, the
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Now, wrong investment calls mean bonus cut for debt fund managers
Fund managers handling debt schemes whose portfolio gets segregated because of a blundered investment call will have to forgo a portion of their annual bonus, while mutual funds will not be able to charge fees for managing the separated part of the product.

These, among a raft of measures on segregation of debt portfolio, were announced by

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Share market update: Metal shares bullish; SAIL jumps nearly 3%
NEW DELHI: Metal shares were trading with gains with the Nifty Metal index up 1.43 per cent at 3156.6 around 11:34 am on Monday.

Shares of APL Apollo Tubes (up 3.51 per cent), Jindal Stainless (Hisar) (up 3.04 per cent), Steel Authority of India (SAIL) (up 2.84 per cent), and Hindustan Copper (up 2.66 per cent) were the top performers in the

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By DK AggarwalMaster Calendar 2018 was an eventful year and numerous moving variables led to heightened volatility in the stock market. Markets across the globe came under pressure as growth worries intensified following trade war tensions and now a US government shutdown.

Concerns over the same have been voiced by the many central bankers across the

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ICICI Bank raises Rs 1,140 crore via bonds
NEW DELHI: Private sector lender ICICI Bank Friday said it has raised Rs 1,140 crore by issuing Basel III compliant bonds on private placement basis.

"The Bank has allotted 11,400 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs 11.40 billion on private placement basis," ICICI

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Share market update: 31 stocks hit 52-week lows on NSE
NEW DELHI: Around 31 stocks fell to touch their 52-week lows on NSE in Monday's session.

Among the stocks that touched their 52-week lows were ABG Shipyard, Amtek Auto, The Byke Hospitality, Gitanjali Gems and GTL Infrastructure.

Khadim India, KRBL, MIC Electronics, Ortel Communications and Viji Finance also featured among the stocks that touched

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Outlook 2019: Pharma looks medically fit for double-digit growth after years of suffering
By Sriraam Rathi

Indian pharma companies have been going through a tough phase for the past couple of years due to significant competitive intensity and pricing pressure in the US (the largest market) and regulatory hurdles in India in terms of demonetisation, GST implementation and lower prices. We believe the pricing environment in the US has

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MUMBAI: The Reserve Bank of India has backed its policy of asking banks to maintain capital ratios that exceed global norms, one of several areas of disagreement with the government that had led to the exit of Urjit Patel as governor. It also upheld the prompt corrective action (PCA) framework for weak banks, which was another point of contention.

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My best bet for 2019: After many false starts since 2008, capital goods set to hum
By Shyam Sekhar

If I were to pick one theme for 2019, it would be capital goods. It has seen multiple false starts since 2008. We have been expecting the sector to revive, only to see our hopes get dashed several times over the past decade.

The Modi government’s rise to power in 2014 raised expectations of big investments. But the theme simply r

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The domestic market had a surprise Santa Claus rally, albeit with lower volumes, which helped it bounce back from a massive fall of 500 points in Nifty in the previous week. The week gone by was full of pessimism, where markets all over the world stumbled. Equity markets the world over lost an eye-popping $3 trillion in December and $13 trillion
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Sebi expands OFS framework to all companies with Rs 1,000 crore and above m-cap
NEW DELHI: Capital markets regulator Sebi Friday expanded its offer for sale (OFS) framework to all the companies with market capitalisation of Rs 1,000 crore and above.

Currently, the OFS framework is available to top 200 companies by market capitalisation.

Also, if the seller fails to get sufficient demand from non-retail investors at or above

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