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Tech view: Nifty forms strong bullish candle; could go into consolidation
The Nifty50 staged a smart rebound in Tuesday’s trade to close a tad below the 10,550 mark and, in the process, formed a Strong Bullish candle on the daily chart. The bulls made a strong comeback in the second half of the session to help the index end the day 60 points higher.

Analysts said to maintain the bullish trend, the NSE barometer needs

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Election results may force Modicourse correction, economists fear fiscal slippage
Course correction ahead! In this round of state elections and in the runup to the general elections in five months, more than which party wins where, stock investors’ main worry has been the possibility of the government resorting to populism at the cost of fiscal prudence.

Post Tuesday’s state election verdict, analysts now say those fears might j

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‘There must be something on which he must have differed with govt&
MUMBAI: Urjit Patel’s decision to step down as the Mint Road boss may ostensibly have to do with his personal priorities, but the manner of his exit four days before a scheduled meeting of the central bank’s board has fueled speculations the government would do well to scotch immediately.

“I personally think that even though he says that the

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Stocks take poll results, Urjit exit in stride, Sensex ends in green
NEW DELHI: Indian stocks made a sharp pullback on Tuesday as the election results did not turn out to be as unfavourable as expected for the ruling BJP.

But the sudden exit of Urjit Patel as RBI Governor did create a sense of anxiety among market participants.

In a session marked by high volatility, the Sensex settled up 190 points, or 0.54 per

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Hedge funds stellar November can't erase rest of year woe
By Gregor Stuart Hunter

Indian hedge funds had just caught a break in a lousy year when the shock exit of central bank Governor Urjit Patel sparked a sell-off Tuesday. Now things are looking grim again.

Funds running strategies focused on Asia’s fastest-growing economy made gains of 8.5 percent during November, easily beating the average e

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KIOCL, V-Mart Retail among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 402.79 points down at 34,556.93 on Tuesday on account of selling in frontline bluechip counters.

Shares of Eastern Treads (down 18.87 per cent), Frontline Securities (down 14.00 per cent), Bharat Bhushan (down 10.00 per cent), Fortune Financial Services (down 9.21 per cent), Suryaamba

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F O: Major results day rebound shows Nifty will now consolidate
By Chandan TapariaNifty opened in the negative on Tuesday but managed to recover from its crucial support at 10,333 and headed towards 10,550 level. It had a volatile election result day, but formed a bullish candle by engulfing the decline of last session to reclaim the 10,550 level.

The index has negated the formation of lower highs of last five

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India's next RBI Governor: Here are some of the early candidates
By Vrishti Beniwal

Speculation is swirling in India’s local media on who will be the next central bank governor after Urjit Patel’s abrupt exit on Monday.

There’s no obvious successor yet, and given the cloud under which Patel left -- amid a public fight with the government over the Reserve Bank of India’s autonomy -- investors are naturally anx

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Sacchitanand Uttekar of Tradebulls Securities Private Limited has sell call on DLF Ltd. with a target price of Rs 158.0 . The current market price of DLF Ltd. is Rs 166.75 Time period given by the analyst is Intra Day when DLF Ltd. price can reach the defined target. Sacchitanand Uttekar recommended to keep stoploss at Rs 173.

DLF Ltd.,

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Just rap on the knuckles for BJP, not outright rejection, says Dalal Street
It’s rap on the knuckles for the BJP, and not an outright rejection. As the nation watched the Modi-led party bite the dust in the current round of state elections, Dalal Street veterans interpreted the poll verdict more as the common voters’ nudge to the government to correct course before the April hustings.

Contrary to what the market had

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Share market update: BSE Consumer Durables index up nearly 2%; Voltas among top gainers
NEW DELHI: The S-P BSE Consumer Durables index was trading 1.89 per cent up at 20,358.72 on Tuesday with its components trading in the green.

Shares of Symphony (up 3.81 per cent), Voltas (up 3.39 per cent), VIP Industries (up 3.12 per cent) and TTK Prestige (up 2.42 per cent) were trading with gains.

Titan Company (up 2.11 per cent),

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Here's what brokerages are saying on RBI Governor Urjit Patel's resignation
Brokerages believe that the RBI Governor Urjit Patel's resignation will be sentimentally negative for markets. Urjit Patel’s resignation from the Governorship of the RBI comes nine months before his term ends. Here's what brokerages are saying on his resignation:

CLSACLSA said the RBI Governor's resignation is a sentiment-negative for markets and

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Buy Tata Steel, target Rs 720: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on Tata Steel with a target price of Rs 720.

The current market price of Tata Steel is Rs 499.25.

Time period given by the brokerage is one year when Tata Steel price can reach the defined target.

Investment rationale by the brokerage:The European Commission (EC) has “stopped the clock” in its in-depth i

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Buy Zydus Wellness, target Rs 1,472: Sharekhan
Sharekhan has a buy call on Zydus Wellness with a target price of Rs 1,472.

The current market price of Zydus Wellness is Rs 1,299.80.

Time period given by the brokerage is one year when Zydus Wellness price can reach the defined target.

Investment rationale by the brokerage:Funding of Heinz India acquisition will be done through a mix of equity

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Buy Indian Oil Corporation, target Rs 145: Sacchitanand Uttekar
Sacchitanand Uttekar of Tradebulls Securities Private Limited has a buy call on Indian Oil Corporation Ltd. with a target price of Rs 145. The current market price of Indian Oil Corporation Ltd. is Rs 134. Time period given by the analyst is Intra Day when Indian Oil Corporation Ltd. price can reach the defined target. Sacchitanand Uttekar
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Buy Dishman Carbogen Amcis, target Rs 355: HDFC Securities
HDFC Securities has a buy call on Dishman Carbogen Amcis (DCAL) with a target price of Rs 355.

The current market price of Dishman Carbogen Amcis is Rs 227.80.

Time period given by the brokerage is one year when Dishman Carbogen Amcis price can reach the defined target.

Investment rationale by the brokerage:One of DCAL’s US based clients is p

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Kotak bank moves HC against RBI order on promoter stake dilution
MUMBAI: Kotak Mahindra Bank has approached the Bombay High Court against a central bank order that had disallowed the use of preference shares to reduce promoter shareholding in India’s second most valuable private lender.

The bank, on the other hand, believes that it had met the promoter holding dilution requirement with the perpetual

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RBI-Govt spats are nothing new but resignations by Governors are!
Relations between a central bank and the government have had its moments of discord. Globally, governments like to believe that the central bank is a department of the Treasury. The central bank is expected to bail out the economy in a crisis by being the lender of last resort. In India too there have been instances of differences between the
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Buy La Opala RG, target Rs 299: Nirmal Bang Securities
Nirmal Bang Securities has a buy call on La Opala RG with a target price of Rs 299.

The current market price of La Opala RG is Rs 223.25.

Time period given by the brokerage is one year when La Opala RG price can reach the defined target.

Investment rationale by the brokerage:

La Opala RG (LORL) ventured into the opalware segment in late 1980s,

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Buzzing stocks: RCom, YES Bank, RIL, Adani Power, ICICI Bank
NEW DELHI: Reliance Communications with over 2.88 crore shares changing hands was leading among the most traded stocks on NSE on Tuesday.

Shares of YES Bank (number of shares traded: 2.53 crore), Adani Power (number of shares traded: 1.16 crore), ICICI Bank (number of shares traded: 0.72 crore), SBI (number of shares traded: 0.67 crore), Infibeam

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Sell LIC Housing Finance, target Rs 390: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on LIC Housing Finance Ltd. with a target price of Rs 390. The current market price of LIC Housing Finance Ltd. is Rs 420.6. Time period given by the analyst is Intra Day when LIC Housing Finance Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 436. LIC
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Buy Dewan Housing Finance Corporation, target Rs 300: Angel Broking
Angel Broking has a buy call on Dewan Housing Finance Corporation with a target price of Rs 300.

The current market price of Dewan Housing Finance Corporation is Rs 208.60.

Time period given by the brokerage is one year when Dewan Housing Finance Corporation price can reach the defined target.

Investment rationale by the brokerage:Dewan Housing

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Mint street and north block found little in common to tango
KOLKATA: From interest rate increases, to the February 12 circular on non-performing loans, to the defiance on liquidity measures for non-banking finance companies, the relationship between the Reserve Bank of India and the government was always frosty, which has now boiled over.

The fact that RBI governor Urjit Patel did not freely communicate

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How D-Street top minds will use market response to election results
NEW DELHI: Dalal Street is known for knee-jerk reactions to election outcomes. Signs of what’s in store for the vote count day on Tuesday was visible on Monday when the equity indices plummeted 2 per cent after exit polls showed the ruling party at the Centre may be in for a shock defeat.

The outcome of the state elections will be later Tuesday.

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Sebi board to discuss easier start-ups listing rules, FPI investment clubbing norms
Markets regulator Sebi will discuss a slew of measures at its board meeting Wednesday for expanding its offer for sale framework to more companies, relax its norms for clubbing of investment limits by established foreign investors and tighten insider trading rules, officials said. A number of other important matters will also be discussed such as
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Bhushan Steel, UCO Bank among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 485.15 points down at 34,474.57 on Tuesday on account of selling in frontline bluechip counters.

Shares of Nettlinx (up 14.47 per cent), Landmark Property (up 11.50 per cent), Authum Investment - Infrastructure (up 9.92 per cent), Nitesh Estates (up 9.78 per cent), Steel Exchange

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Sell Bata India, target Rs 965: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Bata India Ltd. with a target price of Rs 965. The current market price of Bata India Ltd. is Rs 1016.75. Time period given by analyst is Intra Day when Bata India Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 1041. Bata India Ltd., incorporated in 1931,
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China stocks end higher as Beijing confirms ongoing trade talks
SHANGHAI, - China stocks ended higher on Tuesday in very thin trade as Beijing confirmed that it is still in trade talks with Washington, and as investors looked to market support from government policies aimed at countering slowing growth.

At the close, the Shanghai Composite Index was 0.4 per cent higher at 2,594.09 points. About 10.13 billion

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Sensex drops 500 points, Nifty50 below 10,350; top factors that dragged markets lower
NEW DELHI: Domestic stocks plummeted and headline indices Sensex and Nifty suffered severe blows in the opening trade on Tuesday in the wake of RBI Governor Urjit Patel's resignation, while investors appeared jittery ahead of assembly polls results.

The sudden resignation of Patel on Monday evening surprised participants and fund managers,

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Sell Asian Paints, target Rs 1240: Dr CK Narayan
Dr CK Narayan of Chart Advise has a sell call on Asian Paints Ltd. with a target price of Rs 1240. The current market price of Asian Paints Ltd. is Rs 1272.7 Time period given by the analyst is Intra Day when Asian Paints Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1285. Asian Paints Ltd., incorporated
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