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Accumulate Eris Lifesciences, target Rs 704: Prabhudas Lilladher
Prabhudas Lilladher has an accumulate call on Eris Lifesciences with a target price of Rs 704.

The current market price of Eris Lifesciences is Rs 646.60.

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

Investment rationale by the brokerage: Eris grew 6 per cent YoY in India formulations on

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Japanese stocks end 3-day losing run; trade woes cap gains
TOKYO: Japan's Nikkei share average snapped a three-day losing streak to close higher on Friday, after Wall Street shares clawed back some of their sharp losses.

Wider gains were capped, however, by resurgent concerns about the U.S.-China trade conflict and caution ahead of the U.S. non-farm jobs report due later on Friday.

The Nikkei ended the

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Periodic check of asset-liability management of NBFCs a must
PRATEEK AGARWALCIO, ASK Investment ManagersOver the past two months, there has been a big focus on NBFCs. If you ask whether there is a systemic risk to the system, I believe the peak period of renewal of commercial papers was in the first half of November and that period has passed. The key period to watch for is when corporates pay taxes and
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F O: India VIX must cool down to 17-16 for Nifty to stabilise
By Chandan TapariaNEW DELHI: The Nifty on Friday opened positive and witnessed buying interest in the latter half of the session to settle near the 10,700 zone. It managed to respect its previous day’s low and formed a Hammer candle on a daily chart, which indicates that decline was being bought into the market.

Now, till the index holds above the

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Australian shares snap three weeks of losses; NZ flat
Australian shares closed higher on Friday, snapping three weeks of consecutive losses, as investors were heartened by growing views that the country's central bank may consider an interest rate cut at some point next year.

Sentiment was also bolstered by speculation that USFederal Reserve will pause its tightening cycle after the widely expected

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One part of the US yield curve just inverted; what does that mean
Part of the US Treasury yield curve “inverted” this week, setting off debate over whether it is delivering a classic signal of oncoming recession or it has just developed a short-term kink that can be explained away by technical reasons.

Whatever the reason, investors and economists ignore this message from the bond market at their peril: yield

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Sensex rallies 361 points as global markets regain footing
NEW DELHI: Indian equities got a shot in the arm on Friday, reversing their three-day losing streak, as strength in global markets, a strong rupee and depressed crude prices made the pitch conducive to go higher.

A surge in Kotak Bank shares on reports that Berkshire Hathaway was planning to pick up stake in the lender too lent a hand. The

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China stocks end flat as drugmakers slump; up for the week
SHANGHAI: China's main equity market indexes ended flat on Friday in thin trade as investors remained cautious after the arrest of a senior Huawei executive sparked a global sell-off on fears it could derail hopes for a lasting U.S.-China trade detente.

At the close, the Shanghai Composite index was flat at 2,605.88 points. But despite the sharp

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Top gainers of Friday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 191.50 points up at 35,503.63 on Friday on account of buying in frontline bluechip counters.

Shares of Premier Explosives (up 12.91 per cent), Bhilwara Tech (up 12.31 per cent), Kamadgiri Fashion (up 11.12 per cent), Nihar Info Global (up 9.63 per cent), Country Condos (up 9.62 per

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Share market update: Nifty Realty index up; DLF rises over 2%
NEW DELHI: The Nifty Realty index was trading 0.31 per cent up at 230 on Friday with its components trading on a mixed note.

Shares of DLF (up 2.63 per cent), Sobha (up 1.21 per cent) and Prestige Estates Projects (up 0.52 per cent) were trading with gains.

Unitech (down 2.22 per cent), Indiabulls Real Estate (down 1.36 per cent), Godrej Properties

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Top intraday trading ideas for afternoon trade for Friday 07 December 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading higher on Friday on account of buying in frontline bluechip counters.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.comBata India is a 'Buy' call with a target price of

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Buzzing stocks: RCom, Sun Pharma, HCL Tech, PFC, YES Bank
NEW DELHI: Reliance Communications with over 3.35 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of PFC (number of shares traded: 1.31 crore), YES Bank (number of shares traded: 0.93 crore), Kwality (number of shares traded: 0.84 crore), Jaypee Infra (number of shares traded: 0.59 crore), PNB (number

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Mutual funds garner Rs 7,985 crore via SIPs in November
NEW DELHI: Retail investors continued to pour money in mutual fundS through systematic investment plans (SIPs) as the industry received Rs 7,985 crore via this route in November, a rise of 35.44 per cent on a year-on-year basis.

However, the figure remained flat on month-on-month basis despite the volatility in the stock market, according to

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NEW DELHI: Shares of Kotak Mahindra Bank jumped over 13 per cent on Friday on a news report that Warren Buffett's Berkshire Hathaway is looking to buy 10 per cent stake in the bank.

The rise was its biggest percentage gain since May 31.

Kotak snip 1Source: BSEThe stock got traction after CNBC-TV 18 reported that Berkshire Hathaway is eyeing 10 per cent stake

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HCL Tech plunges 3% after $1.8 billion deal with IBM
NEW DELHI: Shares of domestic IT firm HCL Technologies plunged 5 per cent in the early trade on Friday after the company said it is acquiring select IBM software products for $1.8 billion.

Prateek Agarwal, CFO, HCL Tech, told ET Now, "The total value is $1775 million. Slightly less than half of it has to be paid at close, which we expect to be in

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Share market update: Metal shares down; SAIL slips over 4%
NEW DELHI: Metal shares were trading in the negative zone with the Nifty Metal index down 0.98 per cent at 3055.05 on Friday.

Shares of Steel Authority of India (SAIL) (down 4.43 per cent), Jindal Steel - Power (down 1.84 per cent), NMDC (down 1.62 per cent) and Coal India (down 1.45 per cent) were the worst performers in the index.

JSW

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Groww in talks with Sequoia to raise Rs 42.5 crore
Online direct mutual funds investment platform Groww is in talks with Sequoia Capital to raise around $6 million (about Rs 42.5 crore), according to two people in the know of the matter. The Bengaluru-based startup, which was founded by former Flipkart employees, is planning to raise the funds as part of its series-A round and is on the lookout
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Mumbai: Some 30-35 microfinance companies have come together to create a common loan pool of about Rs 650 crore, which will be securitised and sold to banks so as to raise funds at a time when the sector is facing a credit squeeze. Sale of the loans on their books will help free up capital for the participating microfinance institutions (MFIs) and
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Brain breakthrough sends this biotech stock soaring 155%
By Yoojung Lee and Simone FoxmanToru Kawanishi and Keita Mori met in Tokyo while studying biochemistry, but moved to Silicon Valley to launch their firm, betting it would be easier to bring their products to clinical trials in the U.S.

Their ideas were ambitious.

SanBio Co., founded in 2001, sought to use stem cells to restore function to people

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Citi downgrades Tata Steel, JSW Steel, SAIL; shares down
Global financial services firm Citi has downgraded domestic steel players, saying falling steel prices, rising leverage and valuations make India steel unattractive.

Citi downgraded Tata Steel to ‘sell’ from ‘neutral and cut the target price to Rs 440 from Rs 620 earlier. It also downgraded SAIL to ‘sell’ from ‘neutral’ and slashed the target price

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There was widespread underperformance in the global stock markets on Thursday, and India was no exception. Following brearish global cues, the NSE benchmark Nifty opened gap down and drifted further to settle with a significant cut of 181.75 points or 1.69 per cent.

Despite the absence of any negative cues from the US markets -- which were closed

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Share market update: FMCG shares bullish; Dabur, HUL among top gainers
NEW DELHI: FMCG shares were trading in the green with the Nifty FMCG index up 0.68 per cent at 29,689.85 on Friday.

Shares of Colgate-Palmolive (India) (up 4.24 per cent), Dabur India (up 2.08 per cent), Marico (up 1.27 per cent) and Hindustan Unilever (up 1.14 per cent) were trading with gains.

Godrej Consumer Products (up 1.12 per cent), Godrej

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Goldmine! Stocks from this sector have soared up to 900% in 2018
Calendar 2018 has undoubtedly been one of the toughest years for investors on Dalal Street in recent memory. Yet, smart stock pickers have had a field day. Stocks from specific sectors gushed through many headwinds to deliver eye-popping returns to investors.

Some of the examples would be chemical stocks such as Sadhana Nitro Chem, Mangalam

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China fears, lower oil erase 2018 gains for S P, Dow
U.S. stocks tumbled again Thursday, knocking 600 points off the Dow Jones Industrial Average and putting the benchmark S-P 500 on track for its worst week since March.

The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing and threatened to worsen trade

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By Eric LamCryptocurrencies continued their slide with a fresh bout of losses Friday after the SEC dashed hopes that a Bitcoin exchange-traded fund would appear before the end of this year.

Bitcoin, the largest cryptocurrency, slumped as much as 8.2 percent, taking it down past $3,400 to the lowest level since September 2017, according to

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PFC plunges 5% as CCEA clears deal to acquire REC
NEW DELHI: Shares of Power Finance Company (PFC) plunged nearly 5 per cent, while those of REC climbed 1 per cent, in morning trade on Friday after the Union Cabinet approved the sale of government’s shareholding in REC to PFC.

“The Cabinet Committee on Economic Affairs has given ‘in principle’ approval for strategic sale of the government of Indi

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Total individual wealth may hit Rs 518 lakh crore in 5 years
The total wealth held by individuals in the country is expected to touch Rs 517.88 lakh crore by FY23, growing at an annual rate of 16.99 per cent, according to a report.

Direct equity and mutual funds are expected to be the growth drivers of this northward trend, growing at a CAGR of 24.41 per cent and 21.04 per cent, respectively, over the next

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Asia shares struggle to rally, oil skids further
SYDNEY: Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be "one-and-done" with US rate hikes, while oil fell anew as producers bickered over the details of an output cut.

MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.4 per cent, though that followed a 1.8 per

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Jet Airways flies 4% higher on reports of capital infusion by Etihad
NEW DELHI: Shares of Jet Airways (India) jumped nearly 4 per cent in the morning trade on Friday after media reports suggested Etihad Airways has offered to finance as much as $200 million to Jet Airways to keep the airline operational.

Cash-crunched Jet Airways has sought $350 million in soft loans from its investment partner Etihad Airways, as

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Equity preferred asset class among HNIs in FY18
Owning to the decent performance of the domestic stock market in FY18, equity emerged as one of the preferred asset classes among super rich investors. On the other hand, the traditional bank deposits grew at much lesser single-digit rate during the previous financial year, according Karvy Private Wealth Report 2018.

The report added that individua

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