StockMarket

US stocks opens lower as Apple weighs
US stocks opened lower on Monday after a drop in Apple Inc's shares curbed the market's attempt to stage a bounce back from its worst week since March on worries over global growth and the China-U.S. trade war.

The Dow Jones Industrial Average fell 28.00 points, or 0.11 percent, at the open to 24,360.95.

The S-P 500 opened lower by 2.22

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NEW DELHI: In a surprise move, the Reserve Bank of India Governor Urjit Patel resigned on Monday evening, citing personal reasons.

Commenting on the development, former RBI governor Raghuram Rajan told ET NOW: “Resignation of the RBI governor is a matter of grave concern.”

Government must take extreme care in how it proceeds further in its
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Fake and bad news depressing markets
Biased news outlets, political opportunists and publicityhungry analysts are whipping the stock market into a frenzy that goes beyond anything justified by economic or earnings fundamentals, according to JPMorgan Chase - Co. strategists led by Marko Kolanovic.

Kolanovic, global head of macro quantitative and derivatives research, was among the

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SBI plans to raise up to $1.25 billion via bonds
New Delhi: Country's largest lender SBI Monday said it plans to raise up to USD 1.25 billion (around Rs 9,069 crore) by issuing bonds through various modes.

Bank's executive committee of central board meeting is scheduled to take place on Thursday to consider the proposal, SBI said in a regulatory filing.

The meeting will "examine the status and

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Tech view: Nifty50 forms a falling window; trade setup very bearish
The domestic equity market kicked off the week on a disappointing note, as political jitters and subdued global cues took the benchmark Nifty down nearly 2 per cent on Monday. In the process, the index formed a falling window pattern on the chart, signalling further bearishness.

As the index had bounced back from the 50-day moving average (DMA)

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Buzzing stocks: RCom, Sun Pharma, YES Bank, RIL, HDFC Bank
NEW DELHI: Reliance Communications with over 1.38 crore shares changing hands was leading among the most traded stocks on NSE on Monday.

Shares of YES Bank (number of shares traded: 0.46 crore), Vakrangee (number of shares traded: 0.45 crore), Indian Oil Corp (number of shares traded: 0.40 crore), Ashok Leyland (number of shares traded: 0.27

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Equity likely to stay among outperforming assets for 3-5 years
Mumbai: Indian markets may be swayed by the unfolding political scenario and global cues in the near-term, but the volatility will present an opportunity for portfolio managers to build positions and prepare themselves for the next three-five years, according to a report.

According to an equity market outlook report for December by Kotak Mahindra

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Housing for all: IIFL lends a hand with Rs 440 crore loans
India's dream of providing housing for all by 2022 got a leg-up, with IIFL Home Finance disbursing over Rs 440 crore to close to 20,000 beneficiaries under the Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojna.

The leading housing finance company has approved home loans of up to Rs 2,700 crore under PMAY (Urban) CLSS scheme till

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Shrikant Chouhan of Kotak Securities Limited has a sell call on Hindalco Industries Ltd. with a target price of Rs 205. The current market price of Hindalco Industries Ltd. is Rs 218.85. Time period given by the analyst is Intra Day when Hindalco Industries Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep stoploss at
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NSE issues notices to IL FS Group firms, others for non-compliance with listing norms
New Delhi: The National Stock Exchange (NSE) has imposed fines and issued notices to as many as 60 companies, including two IL-FS group firms, Videocon Industries and Unitech, for non-compliance with listing regulations.

ABG Shipyard and Bharati Defence and Infrastructure are among the other entities, according to a communication.

The exchange

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F O: India VIX moves up sharply by 9.94% in sign of bearishness
By Chandan Taparia The Nifty50 index opened negative on Monday and remained under pressure for most part of the session. It slipped towards the 10,474 mark and hit the lowest level in last 18 sessions. It has been making lower highs from last five sessions and again slipped below its 50-day EMA. Now if it sustains below its multiple support at
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Sell Maruti Suzuki India, target Rs 6900: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Maruti Suzuki India Ltd. with a target price of Rs 6900. The current market price of Maruti Suzuki India Ltd. is Rs 7314.1 Time period given by the analyst is Intra Day when Maruti Suzuki India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 7500. Maruti
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Indian stock market had a disappointing and a stressful start to the week on Monday. The NSE benchmark Nifty ma naged to bounce back from its 50-DMA in the previous two sessions and this level was expected to hold as support today.

However, Monday's gap-down start to the trade saw Nifty opening below this crucial support. In a feeble attempt to

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Mounting poll worries sink market, Sensex plunges 714 pts
NEW DELHI: Stocks got a sinking feeling on Monday as the possibility of the ruling BJP not measuring up to expectations in the just-concluded state elections, the results of which are due tomorrow, did not sit well with investors.

A global selloff compounded worries on Dalal Street.

A jump in crude prices post Opec's decision to slash oil output

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JSW to raise Rs 3,500 crore to fund BPSL buy
Mumbai: JSW Steel is seeking to garner up to Rs 3,500 crore in a local bond sale as part of a broader, dedicated fundraising to finance the buyout of Bhushan Power and Steel (BPSL), the future ownership of which would be decided by a court of appeals.

To part-finance the Rs 19,500 crore-acquisition, JSW Steel plans to sell about Rs 3,000-3,500

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Sebi considering changes in regulatory framework for debenture trustees
New Delhi: Sebi is considering steps to strengthen the framework for debenture trustees, including raising minimum net worth requirement for registration of such entities and introducing e-voting provision to obtain consent of the unitholders.

The proposal is likely to be discussed at Sebi's board meeting this week.

In order to secure the

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State polls a big factor, traders can use ‘ladders& to place bets
Rich traders could initiate ladder strategies on near-month Nifty options when markets open Monday, depending on their sentiment ahead of the state election results on Tuesday. Ladders can help them take calculated risks at low cost for a modest profit.

The bias for the Nifty could be downward on Monday with exit polls predicting a neck and neck

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Sell Larsen Toubro, target Rs 1340: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Larsen - Toubro Ltd. with a target price of Rs 1340. The current market price of Larsen - Toubro Ltd. is Rs 1398.45. Time period given by the analyst is Intra Day when Larsen - Toubro Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 1430.
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Icra assigns negative outlook to domestic airline industry
Mumbai: Rating agency Icra Monday assigned a negative outlook to the domestic airline industry even as it expects the passenger traffic growth to remain healthy at about 15-16 per cent in the medium-term.

While all the three listed local carriers - Jet Airways, IndiGo and SpiceJet - are in the red, the domestic air passenger traffic has

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Adani Group shares fall 7% amid across the borad selloff
NEW DELHI: Shares of Adani group of companies took a severe beating in the morning trade on Monday amid an across-the-board selloff.

Shares of Adani Power (down 6.58 per cent) and Adani Enterprises (down 6.54 per cent) were the worst hit, cracking nearly 7 per cent.

Adani Gas (down 4.90 per cent), Adani Transmission (down 4.69 per cent), Adani

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Sell Ajanta Pharma, target Rs 1040: Dr CK Narayan
Dr CK Narayan of Chart Advise has a sell call on Ajanta Pharma Ltd. with a target price of Rs 1040. The current market price of Ajanta Pharma Ltd. is Rs 1047.1. Time period given by the analyst is Intra Day when Ajanta Pharma Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1065. Ajanta Pharma Ltd.,
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Hilton inks pact with Kalyani Group to develop a DoubleTree by Hilton in Bengaluru
Global hospitality firm Hilton Monday said it has signed a management agreement with Kalyani Hospitality to develop a DoubleTree by Hilton, its upscale brand, in Bengaluru.

The hotel, currently under construction, will have 183 rooms and suites, Hilton said in a statement.

"Our partnership with Kalyani Group reinforces our promise to expand our

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MUMBAI: The life insurance industry is readying a Rs 100-crore multimedia campaign aimed at spreading awareness around life insurance and removing misconceptions around the products.

Several insurers, including the Life Insurance Corporation of India (LIC), have committed funds for the campaign, which is a brainchild of the Life Insurance

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Talking stock: Honeywell, YES Bank are good picks for long-term
G CHOKKALINGAMMD, Equinomics Research - AdvisoryI am holding Reliance Communications at Rs 11, Balrampur Chini at Rs 90, Everest Kanto Cylinders at Rs 29 and Infibeam at Rs 30. Please advise on what I should do. —PRASAD MOREHaving lost 70 per cent of your capital, you may hold RCom till it reaches at least around Rs 25 considering the possible
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Urjit Patel exit shock may knock off 200 pts from Nifty, warn experts
Indian financial markets, including forex and equity, are likely to witness high volatility and deep cuts on Tuesday in view of RBI Governor Urjit Patel’s resignation and jittery over state election results, analysts on Dalal Street said.

In a shock move, Patel resigned on Monday, citing personal reasons.

Analysts warned that this development

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Adani Power, NBCC among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 559.93 points down at 35,113.32 on Monday on account of selling in frontline bluechip counters.

Shares of Seasons Text (down 18.15 per cent) , Sree Sakthi Paper (down 15.81 per cent) , ASI Industries (down 15.66 per cent) , Rathi Bars (down 14.37 per cent) , Shalimar Wires (down 13.86

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'BUY' or 'SELL' ideas from experts for Monday 10 December 2018
NEW DELHI: Domestic equity market is likely to open lower on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed Asian cues.

At 8:30 am the SGX Nifty was 139 points or 1.29 per cent down at 10,600.

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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NEW DELHI: Equity indices Sensex and Nifty took big blows on Monday on the eve of Assembly poll outcome on the assessment that the road for the ruling BJP in 2019 will be bumpy.

The results of elections of five Indian states are due on Tuesday. Exit poll results have already painted a picture of tough numbers for the BJP.

A selloff in global

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Sensex cracks 600 points, Nifty below 10,500: Exit poll four other factors weighing on market today
NEW DELHI: Domestic equities suffered deep cuts in opening deals on Monday following the trend in global markets where investors took money off the table amid worries of a slowdown in economy and concerns that the tension between the US and China may derail the prospects of a trade deal.

The exit polls on state assembly elections also kept markets

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NEW DELHI: In Friday’s trade, the Nifty50 held on to its important supports and saw a smart recovery from the lows of the day to end with gains. In our previous note, we had talked about some likely respite from the weakness that the market was experiencing, and projected a possible pullback. Nifty respected the pattern support at the 50-DMA and
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