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View: High time we let sunlight shine into LICcloset affairs
It is high time Life Insurance Corporation of India (LIC) came out from purdah and joined its peers on the promenade, taking in public scrutiny as to its being and deportment. It plays too important a role in Indians’ saving and risk-transfer habits to be run to favour some companies at the expense of policyholders, whether at the behest of p
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MS downgrades cement companies, says profitability uptick to be slower
The profitability of Indian cement companies should recover from the recent lows, but the pace will be slower than expected, said Morgan Stanley, downgrading its view on the industry to ‘in-line’.

The financial services company has downgraded UltraTech Cement to ‘equalweight’ from ‘overweight’ and cut target price by 17 per cent to Rs 4,116. It has

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Bitcoin up 9%, hits $4,000 for first time in two weeks
Bitcoin rallied more than 9 per cent on Thursday, hitting $4,000 for the first time in more than two weeks after losing half its value in six weeks to mid-December.

The world's most valuable cryptocurrency has been hit hard this year, falling around 80 per cent from a record high last December on concerns of increased regulatory scrutiny.

On

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Buy BEML; target Rs 930: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on BEML with a target price of Rs 930. The current market price of BEML is Rs 913.9. Time period given by analyst is Intra Day when BEML price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 903. BEML, incorporated in the year 1964, is a mid cap company (having a market cap of
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What changed your market while you were sleeping
NEW DELHI: A significant fall in US markets in overnight trade following fears of a government shutdown and further hikes in US borrowing costs have had a domino effect on Asian shares this morning. Will Indian market be able to brave this disruption A sharp drop in crude oil prices might help, but analysts say Nifty's behaviour vis-a-vis its
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Govt seeks to fast-forward PSU bank recap; can lift 5 lenders out of PCA
NEW DELHI: Banking recapitalisation is acquiring greater urgency, with the government showing determination to set the house in order at the earliest.

On Thursday, the government sought Parliament approval for infusion of an additional Rs 41,000 crore in state-owned banks through the second batch of Supplementary Demands for Grants.

That takes

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Buy CESC; target Rs 730: Dr CK Narayan
Dr CK Narayan of Chart Advise has buy call on CESC with a target price of Rs 730. The current market price of CESC is Rs 719.95. Time period given by analyst is Intra Day when CESC price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 710.

CESC, incorporated in the year 1978, is a Mid Cap company (having a market cap of

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The valuation premium enjoyed by Indian equities over MSCI Emerging Markets has surged to its highest level since 2008. The premium of estimated price-to-earnings multiple of the NSE Nifty50 Index over the MSCI Emerging Market Index now stands at nearly 75 per cent. A similar level was last seen way back in January 2008.

Price has led to the

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After Market: Tyre stocks roll; telecom, metals hit; ONGC lukewarm to buyback
NEW DELHI: A sharp drop in crude oil prices and a bounce in the rupee helped Dalal Street fight a global depression over a less-than-dovish posturing by the US Fed and pare early losses.

Nifty ended the day 16 points down but formed a bullish candle on the chart, signalling that early Thursday’s blip has not damaged the winning momentum too much.

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Buy Gati; target Rs 95: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Gati with a target price of Rs 95. The current market price of Gati is Rs 88.6. Time period given by analyst is Intra Day when Gati price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 85.

Gati, incorporated in the year 1995, is a small cap company (having a market cap

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The value of the government’s holdings in the publicly listed companies fell to a record low of 8.6 per cent of India’s total market capitalisation in the September 2018 quarter following the poor performance by the public sector undertakings (PSUs) on bourses. It had touched a peak of 23.6 per cent in September 2009.

The BSE PSU index has

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SEBI to come up with sandbox policy soon
KOLKATA: Securities and Exchange Board of India (SEBI) is planning to come up with a sandbox policy to support technology development for financial markets, an official said here on Thursday.

"We will come out with a sandbox policy. We are examining whether any changes in laws are required in terms of its dispensation," SEBI Chairman Ajay Tyagi

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Buy Escorts; target Rs 715: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Escorts with a target price of Rs 715. The current market price of Escorts is Rs 692.4. Time period given by analyst is Intra Day when Escorts price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 680. Escorts, incorporated in the year 1944, is a Mid Cap company (having
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Put-call ratio jump hints at an upcoming Santa rally: Analysts
Even as global equity markets led by the US remain highly volatile, traders here are busy staging a Santa rally, and the Nifty open interest put-call ratio (PCR) is testimony to that.

Bulls are busy selling index put options, especially after the state assembly elections outcome on December 11 and the US Fed rate hike decision on Wednesday.

The

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Volatility in Indian equity market among lowest: SEBI Chairman
KOLKATA: Global capital markets which have been volatile in the current year are likely to remain volatile. The volatility in Indian equity market at 12 per cent, during the current fiscal upto mid-December, is among the lowest compared to major developed and emerging markets, Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi said
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Buy Adani Ports; target Rs 388: Kunal Bothra
Independent Analyst Kunal Bothra has a buy call on Adani Ports - Special Economic Zone with a target price of Rs 388. The current market price of Adani Ports - Special Economic Zone is Rs 375.1. Time period given by analyst is Intra Day when Adani Ports - Special Economic Zone price can reach defined target. Kunal Bothra recommended to
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Portea raises Rs 25 crore in venture debt financing from Alteria Capital
NEW DELHI: Venture debt firm Alteria Capital has closed a Rs 25 crore funding round in Health Vista India, which owns and operates home healthcare service provider Portea Medical, the Mumbai-based specialty financing firm said on Thursday.

The announcement comes days after Bengaluru-based Portea said it had introduced specialised and critical care

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Sebi to issue circular on 'side pocketing' by MFs soon
KOLKATA: Markets regulator Sebi Thursday said it will issue a directive soon on terms and conditions for mutual funds to separate their distressed debt assets, a process widely known as 'side pocketing'.

The Securities and Exchange Board of India (Sebi) has agreed in principle to the proposal put forward by the mutual funds industry, Sebi chief

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'BUY' or 'SELL' ideas from experts for Friday 21 December 2018
NEW DELHI: Domestic equity market is likely to open lower on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed Asian cues.

At 8:31 am the SGX Nifty was 23.50 points or 0.21 per cent down at 10,970.50.

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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The domestic equity market ended the day on a flat note despite a weak opening.

After the interest rate hike by the Federal Reserve, the US markets suffered losses and this overnight global weakness percolated to early Asian trade as well, including the Indian market, that saw a negative opening today.

Market, however, pared most of its losses

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IEX board approves share buyback plan worth Rs 69 crore
NEW DELHI Indian Energy Exchange (IEX) board Thursday approved a proposal to buy back 37.29 lakh equity shares for Rs 69 crore.

As per a BSE filing, the company's board cleared a proposal to buy back its fully paid-up equity shares of Rs 1 each not exceeding 3,729,729 shares at a maximum price of Rs 185 per share aggregating to Rs 69 crore.

The

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Asian stocks slide, investors rush to yen and bonds
SYDNEY: Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a US government shutdown and of further hikes in US borrowing costs inflamed investor unease over the economic outlook.

The S-P 500 was heading for its worst quarter since the dark days of late 2008, with a loss of 15 per cent so far. The Nasdaq has

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RBI limits total outstanding ECBs to 6.5% of GDP
MUMBAI: The Reserve Bank of India (RBI) Thursday announced a cap on the outstanding stock of external commercial borrowings (ECB) at 6.5 per cent of GDP at current market prices.

Based on the gross domestic product (GDP) figures at March-end 2018, the soft limit works out to USD 160 billion for the current financial year, the RBI said in a

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F O: Nifty50 forms bullish candle despite small drop; Vix falls more
By Chandan TapariaThe Nifty50 index has opened with a downward gap in line with the weak global cues, but managed to recover from lower zones and reclaim the 10,950 mark despite having closed some 15 points lower for the day.

The index formed a bullish candle on the daily scale, as it managed to hold above 10,880 level. Supports are gradually

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Aluminium stocks tank on US move to lift Rusal curbs; ita non-event, say analysts
The weakness in metals stocks on news that the US would lift sanctions on Russian aluminium producer United Company Rusal, is unlikely to last for too long as the development was largely priced in, said analysts. The Nifty Metal index fell 1 per cent to 3177.90, ending as one of the worst performing sectors on Thursday.

London aluminium prices

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Sebi fines 2 entities for non-genuine trades
NEW DELHI: Markets regulator Sebi has imposed a total penalty of Rs 10 lakh on 2 entities for engaging in non-genuine transactions, which created artificial volume in the illiquid stock options on the BSE.

The entities fined in this case are Ganga Nagar Commodity and Rajesh Bhagchandji Kochar.

The Securities and Exchange Board of India (Sebi)

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Sensex ends 7-day winning run on Fed outlook
NEW DELHI: A sharp fall in oil prices, rupee's strength and steady FII inflows helped stock markets recoup early losses to an extent and end flat on Thursday.

Jitters in global markets after a less-than-expected dovish US Fed commentary rubbed off on domestic bourses, which kept up heat on the indices back home.

After starting over 250 points

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Stocks in the news: PSU banks, Bharti Airtel, Indiabulls Real Estate, Jet Airways and Tata Motors
Nifty futures on the Singapore Exchange were trading 33 points, or 0.30 per cent, down at 10,941, indicating a weak start for the Nifty50 on Friday.

Asian peers Hang Seng, Nikkei and Shanghai were also trading in red in morning deals.

US markets declined on Thursday, with the Nasdaq on the cusp of confirming bear market territory, as the Federal

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PowerGrid gets shareholders' nod to raise FPI shareholding limit to 35%
NEW DELHI: State-owned power utility Power Grid Corporation Thursday said that it has got shareholders' approval to raise shareholding limit of Foreign Portfolio Investor (FPI) to 35 per cent from 30 per cent at present.

The special resolution to increase in shareholding limit of Foreign Portfolio Investors (FPIs), including Foreign Institutional

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Tech view: Nifty takes a breather, but forms bullish candle on chart
The Nifty50 took a breather on Thursday and edged lower after a seven-day winning streak. The index negated the formation of higher highs and higher lows which it had formed in last two sessions, and formed a bullish candle on the daily chart.

Before closing 15.60 points, or 0.14 per cent, down at 10,951, the index scaled an intraday high and low

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