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By Gregor Stuart HunterThe biggest-ever bet on Bitcoin options is about to expire worthless.

Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018. For the contracts to retain any value at expiry, Bitcoin would

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'BUY' or 'SELL' ideas from experts for Thursday 06 December 2018
NEW DELHI: Domestic equity market is likely to open lower on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed Asian cues.

At 8:30 am the SGX Nifty was 90 points or 0.83 per cent down at 10,743.50.

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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Mumbai: Much-hyped building product retailer Shankara Building Products has destroyed nearly 72 per cent of investor wealth in the past nine months despite 10 analysts tracking the stock giving buy recommendations.

The stock, which was trading at Rs 1,945 in April, closed at Rs 579.60 on Wednesday. In the past 15 days, almost all brokerages have

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Muthoot Finance Q2 profit up 9% at Rs 484 crore
Our Bureau: Kochi: Muthoot Finance Ltd. has recorded a 9% rise in the net profit for Q2 ended September 30, 2018 at Rs 484 crore from a year ago. The total income of the company showed a marginal dip of 1% for the quarter at Rs 1650 crore from the same period last year.

The gross loan assets registered 17% increase at Rs 32319 crore for the

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Interest Rates on home, auto MSME loans to be linked to new benchmark
MUMBAI: Small businesses and those buying homes and cars on credit have a reason to cheer from the next fiscal year — at least when the Reserve Bank of India reduces key rates. All banks will then have to align outstanding loans to a common benchmark and maintain the spread throughout its term, unless a change in the client’s credit-risk profile w
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US stock futures fall, Asia follows after Canada arrests Huawei CFO
TOKYO: US stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.

S-P500 e-mini futures fell almost 2 per cent at one point in thin Asian morning trade and were last were

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Govt sells 2.21% stake in CIL to CPSE ETF
The government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd, according to a regulatory filing.

"The President of India, acting through the Ministry of Coalhas sold 13,73,11,943 i.e. 2.21 per cent equity shares of Coal India Ltd to the AMC," Coal India (CIL) said in

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One-off rate cut can&t be ruled out if inflation projection is close to 4%
By A PRASANNA

In a unanimous decision, the monetary policy committee of India (MPC) kept policy rates unchanged in the December policy as per our expectation. The stance was also retained as ‘calibrated tightening’, with one member voting to change the stance to neutral.

The real action came in the inflation forecasts and post-policy comments by

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The Reserve Bank of India nixed hopes of any special liquidity window for non-banking finance companies — a key government demand to keep the economy humming — arguing that there is adequate liquidity in the system. But it promised to open the spigot when necessary. The central bank pulled out a laundry list of measures it has taken to ensure that
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Small towns delivering growth for Kotak Securities
Mumbai: Domestic broking house Kotak Securities is witnessing traction in the smaller towns as the country heads towards financial inclusion. The broking house has seen 150% rise in the cash market volumes coming from smaller towns while in the derivatives segment the contribution has grown 515% in the last one year, official data showed. The
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Stocks in the news: Infosys, Jaypee Infratech, Maruti Suzuki and NBCC
Nifty futures on the Singapore Exchange were trading 88 points, or 0.81 per cent, down at 10,745.50, indicating a weak start for the Nifty50 on Thursday. Asian peers including Hang Seng, Nikkei and Shanghai Composite were also trading in the red in morning trade.

Here's a look at the top stocks that may hog the limelight in today's session: NBCC

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REC Q2 net profit jumps 25 pc to Rs 1,764 cr
NEW DELHI: State-owned REC posted a 25 per cent jump in standalone net profit at Rs 1,764.33 crore for the September quarter, mainly due to higher revenues.

The company's standalone net profit stood at Rs 1,407.76 crore in the quarter ended September 30, 2017, it said in a statement.

This has been the highest ever quarterly profit declared by the

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Edelweiss unit launches NCD issue with 10.64% coupon
New Delhi: Edelweiss Group NBFC arm ECL Finance (ECLF) Thursday announced public issue of bonds to raise up to Rs 1,000 crore for business growth and meeting corporate expenses.

It will issue secured redeemable non-convertible debentures (NCDs) aggregating to Rs 250 crore, with an option to retain over-subscription up to Rs 750 crore (aggregating

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Mumbai: India’s benchmark indices declined on Wednesday as the overnight plunge on Wall Street on renewed concerns over the US-China trade gave investors a jolt. Though the Reserve Bank of India’s decision to keep interest rates unchanged eased sentiment, the market is on the edge ahead of the elections in two major states — Madhya Pradesh and Raj
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Sebi panel on overseas listing of Indian cos suggests 10 jurisdictions for listing
MUMBAI: A regulatory panel on overseas listings by Indian companies has recommended that domestic firms be allowed to list only in jurisdictions that have treaty obligations to share information, and would cooperate with New Delhi in the event of an investigation.

The Sebi committee, which submitted its 26-page report on Tuesday on the subject,

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PE/VC investment in Jan-Nov totals $27 billion
Mumbai: The private equity (PE)/ venture capital (VC) investments between January to November 2018 aggregates to $27 billion, surpassing the high of $26.1 billion recorded in entire 2017.

November recorded $1.6 billion in PE/VC investments, 33 per cent lower compared to November 2017 and 49 per cent lower compared to the previous month.

"The

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Prashant Jain expects sharp recovery in Nifty earnings
MUMBAI: Prashant Jain, CIO of HDFC Asset Management Company, expects a sharp bounce back in Nifty earnings in the next few years as corporate banks recover and new badloan creation falls. After four years of weak corporate profitability, where Nifty earnings growth was 3 per cent, Jain expects the Nifty EPS growth in next few years to be in mid-
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Top losers of Wednesday's morning session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 197.48 points down at 35,936.83 on Wednesday on account of selling in frontline bluechip counters.

Shares of Comfort Intech (down 9.93 per cent), Shree Rama Multi tech (down 9.79 per cent), BN Rathi Securities (down 9.37 per cent), Modi Naturals (down 7.79 per cent), Gillanders Arbu

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After Market: Rs 2.26 lakh crore gone in a day, 159 stocks turn bearish
NEW DELHI: Key stock indices had a terrible time on Thursday, taking their losing streak to the third straight day, derailed by a global selloff.

Weakness showed up almost everywhere. Asian shares plunged on fears of a flare-up of tension between the US and China after the arrest of a senior executive of Chinese company Huawei at the request of

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RBI moves to boost digital transactions, protect users
Atmadip Ray - Ashwin Manikandan

MUMBAI: With digital transactions gaining currency, the Reserve Bank of India (RBI) has announced customer-protection measures to promote and improve confidence in the channel that would help New Delhi achieve its objective of nudging the country to a ‘less-cash’ economy.

In two separate programmes, the RBI

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stock downgrade: Analysts downgrade two out of three stocks in November - The TheIndianSubcontinent

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Tech view: Nifty forms strong bearish candle below 200-DMA in bearish sign
It was a terrible Thursday for Dalal Street. Feeble global cues forced Nifty to close with a strong bearish candle after a gap-down opening.

There was a widespread underperformance in equity markets across the globe and India was no exception. Before closing 1.69 per cent down at 10,601, Nifty shuttled between a high and low of 10,722 and 10,588,

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Good morning! Here’s a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds.

Oil prices down before Opec meetOil prices fell on Thursday and trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude

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For cryptocurrencies, this year has been a virtual nightmare with Bitcoin, the electronic medium of exchange that has caught the fancy of the new-asset hunters in recent times, bungee-dropping 80% from its peak of $19,000 attained last December.

This year’s fall was an upside-down image of its upward climb the whole of last year, highlighting the

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F O: Option band signals shift in lower trading range for Nifty
By Chandan TapariaNifty opened gap down in line with the weak global cues and witnessed sustained selling pressure throughout the session on Thursday.

The index breached its 200-DEMA and formed a Bearish Marubozu candle on the daily chart. It has been making lower highs and lower lows from the last three sessions, and on Thursday broke two crucial

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RBI holds rates, but hints at future easing
Mumbai: The Reserve Bank of India left interest rates and monetary policy stance unchanged but lowered retail price forecast, kindling hopes of a rate cut if inflation stays benign.

It may be months before the monetary policy committee (MPC) actually cuts rates and RBI governor Urjit Patel said it is not changing the monetary policy stance of

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Stocks to buy | Midcap stocks: 10 outperforming midcap stocks trading at cheaper valuations - The TheIndianSubcontinent

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Market catches global flu, Sensex cracks 572 points
NEW DELHI: Domestic equities came under strain on Thursday, mirroring Asian weakness after the arrest of a top executive of Chinese technology giant Huawei.

The arrest, which came at the request of the US, triggered a big selloff in Asian shares as fresh worries surrounding global trade war resurfaced.

A lacklustre rupee brought more pain. The

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Government's road projects find the going tough in first half
The central government’s target for road construction appears to be too ambitious considering the delay in financial closure of half of the allotted projects and difficulty in acquiring land parcels.

The government’s road projects awarding bodies, NHAI and Ministry of Road Transport and Highways, have awarded just 268 km of road projects in the

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Dow vigilantes show Trump whoboss
The “Dow vigilantes” are back.

At least, that’s what some say is the force behind the sudden truce in Donald Trump’s trade war with China and Jerome Powell’s dovish turn.

It’s not hard to see why. Since October, roughly $2.5 trillion has been lopped off the US stock market as investors questioned the wisdom of the rising trade tensions between the

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