StockMarket

Sensex climbs 250 pts, Nifty nears 10,850; YES Bank, Sun Pharma rise 2% each
NEW DELHI:Benchmark indices opened higher in Friday’s trade, tracking firm closing for US stocks in overnight trade.

At 9.24 am, the BSE Sensex was trading 242.58 points, or 0.68 per cent, higher at 36,049.86. It jumped over 250 points in early trade. The NSE barometer Nifty50 was ruling at 10847.35, up 67.55 points, or 0.63 per cent.

With this,

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Lemon Tree Hotels, Warbug Pincus form JV, envisage Rs 3,000 crore investment
NEW DELHI: Hospitality firm Lemon Tree Hotels Thursday said it has formed a JV with an arm of global private equity firm Warburg Pincus to develop rental housing projects envisaging investments of Rs 3,000 crore over a period of time.

The JV, in which an affiliate of Warburg Pincus arm and Lemon Tree Hotels will hold 68 per cent and 30 per cent

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ECB sees global economic slowdown in 2019
FRANKFURT : The global economy is set to slow down in 2019 and stabilise thereafter, the European Central Bank said on Thursday.

"Looking ahead, global economic activity is expected to decelerate in 2019 and remain steady thereafter," the ECB said in its regular economic bulletin.

"Global inflationary pressures are expected to rise slowly as

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Buzzing stocks: RCom,PC Jeweller, RIL,YES Bank, HDFC
NEW DELHI: PC Jeweller with over 1.07 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of JP Associates (number of shares traded: 0.56 crore), Reliance Communications (number of shares traded: 0.52 crore), NBCC (number of shares traded: 0.43 crore), HDIL (number of shares traded: 0.39 crore), YES Bank

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By Sarah Ponczek, Vildana Hajric and Elena Popina

Bludgeoned for weeks, a bull market is left for dead, its fate seemingly sealed as session after session of red ink show no sign of letting up. Suddenly, at the last second, a rally -- death is averted -- the obituaries go back in the can.

December 26, 2018 Who knows. But such a scenario has played

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Share market update: Nifty Private Bank index rises; RBL Bank up over 1%
NEW DELHI: Shares of private sector banks were trading in the positive zone with the Nifty Private Bank index up 0.14 per cent at 15,188.20 around 02:54 pm on Thursday.

Shares of RBL Bank (up 1.49 per cent), Federal Bank (up 1.14 per cent) and IndusInd Bank (up 0.88 per cent) were trading higher.

South Indian Bank (up 0.33 per cent), ICICI Bank

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US stocks not as great a bargain as Trump thinks
By Stephen Gandel

A year ago, when the market was rallying, President Donald Trump seemed sure stock prices were an accurate measure of his presidency. Now with the Dow Jones Industrial Average off more than 4,000 points from its peak, the president is not so sure about the market’s efficiency.

On Tuesday, President Trump said stocks were a good

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Sebi imposes Rs 77 lakh fine on Mridul Securities for fraudulent trade
NEW DELHI: Markets regulator Sebi Thursday slapped a fine of Rs 77 lakh on Mridul Securities for indulging in fraudulent trade practices in the scrips of Pressman Advertising.

The regulator conducted an investigation from April to August 2013 regarding trading in shares of the company.

Sebi observed that the firm was part of a group of 29 entities

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Domestic broking industry to grow at 5-10% in FY19: Study
MUMBAI: The domestic broking industry is likely to grow at a moderate 5-10 per cent in the current fiscal amid cautious investor sentiments and market volatility, says a report.

In the previous fiscal, the industry had grown at over 30 per cent, with turnover of Rs 18,000-19,000 crore.

"The Indian broking industry is estimated to post a moderate

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Buy V-Guard Industries; target Rs 250: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on V-Guard Industries with a target price of Rs 250. The current market price of V-Guard Industries is Rs 233.65. Time period given by analyst is Intra Day when V-Guard Industries price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 227. V-Guard Industries , incorporated
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Fund raising via equity market route plunges 60% to Rs 63,744 crore in 2018
NEW DELHI: Indian companies have raised Rs 63,744 crore through various equity market routes in 2018, a slump of 60 per cent from the all-time high of Rs 1.6 lakh crore garnered in the preceding year, according to data analytics major Prime Database.

Apart from equity, firms have also mopped up Rs 29,944 crore through public issuance of bonds

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Share market update: BSE Capital Goods index flat; HEG jumps over 3%
NEW DELHI: Most of the shares of the capital goods sector were trading higher in the afternoon trading session.

Shares of HEG (up 3.60 per cent), AIA Engineering (up 2.60 per cent), Graphite India (up 2.48 per cent) and VGuard Industries (up 2.21 per cent) were the top performers in the index.

Bharat Heavy Electricals (down 1.33 per cent), Bharat

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Buy United Breweries; target Rs 1412: Kunal Bothra
Independent Analyst Kunal Bothra has a buy call on United Breweries with a target price of Rs 1412. The current market price of United Breweries is Rs 1364.55 Time period given by analyst is Intra Day when United Breweries price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1345. United Breweries , incorporated in the
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After Market: HDFC Group pips Tatas; Infy, ITC above 200-DMAs; 99 stocks look bearish
NEW DELHI: Healthy buying in energy, FMCG and technology stocks helped domestic equity indices extend gains for the second consecutive session on Thursday.

Firming trend in US markets and a dip in crude oil prices amid oversupply concerns boosted investor mood back home. However, a fall in the rupee against the dollar capped the gains.

Sensex

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Share market update: Consumer Durables shares trade mixed; PC Jeweller surges over 5%
NEW DELHI: The S-P BSE Consumer Durables index was trading 0.12 per cent down at 20,106.2 around 02:18 pm on Thursday with its components trading on a mixed note.

Shares of PC Jeweller (up 5.61 per cent), Symphony (up 1.98 per cent), Whirlpool of India (up 1.75 per cent) and Blue Star (up 0.84 per cent) were trading with gains.

TTK Prestige

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Buy Chennai Petroleum Corporation; target Rs 303: Kunal Bothra
Independent Analyst Kunal Bothra has a buy call on Chennai Petroleum Corporation with a target price of Rs 303. The current market price of Chennai Petroleum Corporation is Rs 286.70. Time period given by analyst is Intra Day when Chennai Petroleum Corporation price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 282.
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Tech View: Nifty climbs, but forms a bearish candle; bias still positive
NEW DELHI: Nifty50 on Thursday climbed half-a-per cent to end December F-O series at 10,780 level. In the process, the index snapped a series of lower high and lower low formations that it had been witnessing in last four se ssions.

But the index could not capitalise on the gap-up start and ended up forming a small bearish candle on the

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Australia, NZ shares enjoy gains after Wall Street's surge
Australian shares rose sharply on Thursday, led by resource- based stocks, following an overnight surge in US equities that provided some post-Christmas cheer for investors.

The S-P/ASX 200 index climbed 1.9 pct to finished at 5,597.20 when the market reopened after a two-day holiday. The benchmark gained 0.5 per cent on Monday.

Wall Street

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Rollovers and expiry of December derivative series saw the market trading on a tricky turf, oscillating within a limited range on Thursday, before ending the day with modest gains. Despite a strong opening, Nifty came off its highs. However, its positive opening in the morning was above the pattern resistance of the falling trend line, and also
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F O: Nifty OI levels signal broader trading range at start of Jan series
By Chandan Taparia The Nifty50 index opened positive but failed to surpass the 10,835 level and remained consolidative near the 10,800 level for most part of the session. It closed positive with a gain of around 50 points but formed a bearish candle as it closed lower than its opening high.

The index recently hit a high near the 10,985 mark

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China stocks mark 4-year closing low as Sinopec suspensions spook market
HONG KONG: Chinese shares marked their lowest close in four years on Thursday, dragged down by Sinopec which fell after Reuters reported that the state-owned oil giant had suspended two top executives at its trading arm.

The Shanghai Composite index fell 0.6 per cent to 2,483.09 points, while the blue-chip CSI300 index was down 0.4 per cent.

The

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HCC raises over Rs 497 cr from rights issue
MUMBAI: Infrastructure developer Hindustan Construction Company (HCC) Thursday raised Rs 497.6 crore through a rights issue.

The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement.

With this the paid-up equity capital of

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Sensex climbs 157 pts, Nifty50 settles Dec F O series at 10,780
NEW DELHI: Strong gains in energy and IT counters helped Indian equity market edge higher for a second straight session on Thursday. The global market sentiment remained upbeat on account of a record rally in US stocks overnight and weak global crude oil prices.

However, signs of weakness in Dow Jones and S-P500 futures led the markets to cut

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Share market update: BSE Telecom index flat; GTL Infra slips over 3%
NEW DELHI: Telcom shares were trading on a mixed note with the S-P BSE Telecom index down 0.03 per cent at 997.80 around 02:05 pm on Thursday.

Shares of ITI (up 3.29 per cent), OnMobile Global (up 2.73 per cent), Reliance Communications (up 1.96 per cent) and Aksh Optifibre (up 1.66 per cent) were the top performers in the index.

GTL

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ED files charge sheet against Vadodara-based firm in Rs 2,600 crore fraud
AHMEDABAD: The ED on Thursday said it has filed a charge sheet against a Vadodara-based electric cables and equipment making company in connection with a money laundering probe in an alleged bank fraud case worth over Rs 2,600 crore.

The agency said in a statement that it has filed the charge sheet or the prosecution complaint against the firm

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Indian Oil, ONGC, NTPC most profitable PSUs in FY18
NEW DELHI: Indian Oil Corporation, ONGC and NTPC emerged as the top three most profitable PSUs in 2017-18, while BSNL, Air India and MTNL incurred the highest losses for the second consecutive year, according to a survey tabled in Parliament Thursday.

The Public Enterprises Survey 2017-18, which mapped the performance of central public sector

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Share market update: OMCs trade in the green; RIL rises over 2%
NEW DELHI: Most OMCs were trading with gains with the S-P BSE Oil - Gas index up 0.79 per cent at 13,657.95 around 01:00 pm on Thursday.

Shares of Reliance Industries (up 2.29 per cent), GAIL (India) (up 2.11 per cent), Indraprastha Gas (up 1.52 per cent) and Castrol India (up 1.48 per cent) were trading higher.

Oil And Natural Gas

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India Inc foreign borrowings down 34% to $1.99 billion in November
MUMBAI: India Inc's foreign borrowings fell to $1.99 billion in November, down by 34.3 per cent from the year-ago period, data from the Reserve Bank of India showed Thursday.

Indian firms had borrowed over $3.09 billion in November 2017, which also included $18.5 million through rupee-denominated bonds (RDBs).

In November this year, no money was

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Wall Street bounce helps European shares rise from 2-year lows
MILAN: European shares rose slightly on Thursday in the wake of a record bounce on Wall Street, although Italian banks declined after a top shareholder at Banca Carige blocked a vital cash call for the troubled lender.

The STOXX 600 index had risen 0.2 percent by 0836 GMT, underpinned by gains in industrials and financials, while defensive sectors

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Inspection of six companies linked to ICICI Bank controversy at 'advanced stage'
The Corporate Affairs Ministry's inspection of the books of six companies linked to the ICICI Bank controversy is at an "advanced stage", according to a senior official.

On April 23, the ministry ordered inspection of six companies, including NuPower Renewables.

There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and her

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