StockMarket

Euro risks remain as Fed may do little for bulls
Euro bulls may not be able to count on the Federal Reserve meeting next week for support as European policy makers grow more concerned over the region’s growth prospects.

Data out of the euro area on Friday offered fresh ammunition to euro bears after European Central Bank President Mario Draghi noted the balance of risks is moving to the

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Ugro Capital, Kwality among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 209.33 points up at 36,172.26 on Monday on account of buying in frontline bluechip counters.

Shares of Shree Krishna Infrastructure (down 19.94 per cent), Ganesh Films India (down 19.94 per cent), Chothani Foods (down 17.62 per cent), Lorenzini Apparels (down 15.64 per cent), CRP Risk

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China seeks to defuse trade war with reversals on cars, corn
China took more steps to defuse trade tensions with the US, confirming it will remove the retaliatory duty on automobiles imported from America and preparing to restart purchases of American corn.

The 25 per cent tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting January 1, the Chinese finance ministry said on Friday.

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L T, Future Retail TVS among 10 stocks likely to deliver solid gains over next 3 weeks
NEW DELHI: Key equity indices got on to the front foot today, maintaining their bullish trend, as the Sensex surged over 260 points despite lacklustre Asian peers.

Market seems to have set its eyes on the Fed meet due on Wednesday, with the hope that the prolonged period of rate hikes is going to get over.

Global sentiment, Fed outcome and the

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Vedanta shares rally over 4% after NGT sets aside TN govt order
Shares of Vedanta rallied over 4 per cent in early trade on Monday after the National Green Tribunal (NGT) on Saturday set aside the Tamil Nadu government order for closure of mining company Vedanta Ltd's Sterlite Copper plant at Tuticorin.

The scrip was trading 4.22 per cent up at Rs 209.70 at around 9.30 am (IST), while the BSE Sensex was up

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Nedbank strategists Mehul and Neels write some exciting stuff and like me, they don't confuse fundamentals with liquidity. They wrote in a strategy note:

There is a strong relationship between the change in global dollar liquidity (M1) and the performance of the global stock market -- a correlation of 76 per cent.

• Global dollar liquidity leads g

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Share market update: Nifty IT index trades flat; Tata Elxsi dips over 1%
NEW DELHI: The Nifty IT index was trading 0.14 per cent down at 14,830.8 on Monday with most of its components trading in the red.

Shares of Tata Elxsi (down 1.57 per cent), Oracle Financial Services Software (down 1.03 per cent), Infosys (down 0.78 per cent) and MindTree (down 0.68 per cent) were the top losers in the index.

HCL Technologies

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MMTC, Hindustan Copper among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 215.97 points up at 36,178.90 on Monday on account of buying in frontline bluechip counters.

Shares of Prakash Constrowell (up 19.39 per cent), Rapicut Carbides (up 18.36 per cent), King Infra Ventures (up 16.14 per cent), Aanchal Ispat (up 16 per cent), Hercules Hoists (up 15.70 per

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Govt to launch Bharat-22 ETF follow on offer in Feb, to raise Rs 10,000 cr
New Delhi: The government is planning to raise about Rs 10,000 crore through a follow on offer of Bharat-22 ETF in February, an official said.

"Plans are on for launching the third tranche of Bharat-22 ETF around February. The offer is likely to have a base issue size of Rs 5,000 crore, with a green-shoe option to retain an over-subscription of

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Scooters India shares rally 5% on EV plans
NEW DELHI: Shares of Scooters India hit upper circuit of 5 per cent on Monday after the state-owned company on Friday informed bourses about its plans to venture into the electric vehicles (EV) segment, including bringing back the once popular Lambretta brand in electric version.

The board of directors of the company at its meeting held on Friday

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Sensex jumps 200 points, Nifty50 tops 10,850; Vedanta rallies 5%
NEW DELHI: The benchmark indices extended their winning streak to the fifth consecutive session and opened in the green on Monday following mixed global cues ahead of the US Fed Policy meet to be held on Wednesday.

Asian share markets were trading on a cautious note hobbled by mounting risks to global growth. Although, a dip in crude oil prices

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Five of top 10 companies add Rs 42,513 crore in m-cap; SBI shines
New Delhi: Five of the 10 most valued Indian companies together added Rs 42,513.94 crore in market valuation last week, with State Bank of India topping the list.

HUL, ITC, Infosys and Maruti Suzuki also saw a rise in their valuation while Tata Consultancy Services (TCS), RIL, HDFC Bank, Kotak Mahindra Bank and HDFC finished with losses for the

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Cost of Trumptariffs on technology: $1 billion a month

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Buzzing stocks: RCom, Vedanta, YES Bank, NTPC, RIL
NEW DELHI: Reliance Communications with over 1.41 crore shares changing hands was leading among the most traded stocks on NSE on Monday.

Shares of Vedanta (number of shares traded: 0.84 crore), YES Bank (number of shares traded: 0.73 crore), PC Jeweller (number of shares traded: 0.52 crore), Idea Cellular (number of shares traded: 0.47 crore), NTPC

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By Ali Donaldson

On What'd You Miss This Week, Scarlet Fu, Joe Weisenthal, Caroline Hyde and Romaine Bostick sat down with the founder and co-CEO of Canopy Growth, Bruce Linton, to talk about his goal to become the "Google of the cannabis market".

For Linton, who sees himself as running a "tech company that grows cannabis," achieving Google status

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Share market update: PSU Bank shares mixed; Central Bank of India rises 2%
NEW DELHI: PSU Bank shares were trading mixed with the Nifty PSU Bank index up 0.27 per cent at 2987.8 on Monday.

Shares of Central Bank of India (up 2.14 per cent), Bank of Baroda (up 0.54 per cent), Bank of India (up 0.40 per cent) and Union Bank of India (up 0.39 per cent) were the top performers in the index.

Vijaya Bank (down 1.12 per cent),

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Bridgewater's Dalio says conflict gauge is highest since WW II
By Katherine Chiglinsky

Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates, said a gauge that measures conflicts around the world is at its highest level in more than 70 years.

“We created a conflict gauge -- various ways of measuring different conflicts -- and the conflict gauge now is the highest, really, s

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Analysts who warned of emerging market rout expect painful 2019
By Ben Bartenstein and Aline Oyamada

If Jason Daw is right, some of the world’s biggest investors are setting themselves up for a major disappointment.

The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class. He said the

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NTPC shares gain on acquiring thermal power station
Shares of NPTC advanced over 3 per cent in early trade on Monday after the state-run power producer on Sunday said it has acquired the 720 MW Barauni Thermal Power Station from Bihar State Power Generation Company.

The scrip was trading 3.06 per cent up at Rs 148.05 at around 9.35 am (IST), while the BSE Sensex was up 0.51 per cent at 36145 at

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'Hot money' evaporates from Indian capital markets in 2018
By Shilpi Pandey

New Delhi: Foreign investors' portfolio investments have long been known as 'hot money' that comes in fast but can go out even faster and it is the outward journey that seems to be the underlying theme for the Indian capital markets as 2018 draws to a close, with net outflows nearing the Rs 1 lakh crore mark.

This could make 2018

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Parliament session, Fed policy among 6 factors that may steer market this week
NEW DELHI: Gains of four consecutive sessions helped equity benchmarks Sensex and Nifty wrap up the week gone by in the green as solid inflation and IIP prints and signs of thaw in US-China trade ties overshadowed an adverse state election outcome to alter market direction.

On a weekly basis, BSE Sensex advanced 289 points, or 0.81 per cent, while

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Tumultuous year raises India Inc dependence on foreign banks
By Anurag Joshi and Mariko IshikawaIndia’s companies are growing more dependent on banks to raise offshore funds going into 2019 as the bond markets sputter and local-currency funding from domestic banks dries up.

Borrowers that are facing challenges in the credit market are finding solace in dollar-denominated loans, even as non-performing debt

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Oil upside looks limited, but US-China thaw a good sign
By Pritam Kumar Patnaik

Brent and NYMEX crude remained weak this week and were unable to find support despite OPEC announcing a supply cut of 1.2 million barrels per day (bpd) from January.

OPEC and some non-OPEC producers, including heavyweight Russia, announced they would cut oil supply by 1.2 million bpd, with an 800,000 bpd reduction planned by

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In our previous weekly note, we had projected a rough ride for the market. State election results and the sudden resignation by the RBI governor were two events that the market dealt with in the previous week. Volatility ruled the roost, and Nifty saw over 500-point swings before ending the week with modest gains.

Though Nifty ended the week with

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Investors could turn cautious on Indian suppliers such as Bharat Forge, Ramkrishna Forging, MM Forging and Motherson Sumi as the US truck cycle peaks. Historically, new orders see an average two-year upcycle before it starts waning due to the high base.

Class 8 truck orders — a gauge of the new order for heavy trucks in North America — fell 15 per

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Friday’s session saw a classical consolidation as the markets took no directional bias, but continued to oscillate in a 40-point range to end the day with modest gains.

On the lower side, the Nifty held on to its 200-DMA and on the higher side, it continued to resist to the falling trend line pattern resistance. After a capped move, the benchmark

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Week that was in 10 stocks: Fortis taken ill; YES Bandhan look up
The domestic equity market ended the week in the green on better-than-expected macroeconomic data. The BSE Sensex advanced 289 points, or 0.81 per cent, for the week to end at 35,962 on December 14, and Nifty gained 111 points, or 1.05 per cent, to 10,805.

The market kicked off the week on a pessimistic note after assembly poll results in five

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Share market update: Auto shares in the green; Tata Motors up 3%
NEW DELHI: Auto shares were trading in the green with the Nifty Auto index up 0.69 per cent at 9335.4 on Monday.

Shares of Tata Motors (up 3.08 per cent), Tata Motors (DVR) (up 2.94 per cent), Maruti Suzuki India (up 1.38 per cent) and TVS Motor Company (up 1.12 per cent) were the top gainers in the index.

Ashok Leyland (up 0.91 per cent), Exide

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Tweet Buster: Change of guard on Mint St and why you should think long term
NEW DELHI: When it comes to Dalal Street, there can never be a monotonous day, forget a week.

A spell of uncertainty in the run-up to the appointment of the new RBI Governor and state election results kept the investors on tenterhooks in the week gone by.

One look at Twitter, and you will find out what buzzed the most in the week gone by. And

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Net interest margins of MFIs to face pressure: KPMG
KOLKATA: Net interest margins (NIMs) of micro-finance institutions (MFIs) would be under considerable pressure as competition rises in the sector, a study by KPMG has said.

"As the competitive intensity for MFIs increase, the pressure on NIM will increase considerably. So, the need for the MFIs to focus on non-interest income/credit plus products

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