StockMarket

ETMGS: If you quit market once, no way to get back, says Shankar Sharma
NEW DELHI: Ace investor Shankar Sharma was at his candid best on Friday when he said the last two months of equity selloff had blown a big hole in his bank balance, and he had even thought of leaving the stock market during this phase!

Bad periods come and go. "If you quit the market once, there is no way to get back," Sharma said it bluntly.

Spe

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ETMGS: Volatility is the beast that we must learn to live with in 2019: D-Street mavens
NEW DELHI: 2019 will be a volatile year and investors must ride it to make the most of the election year.

This was the gist of ETMarkets Global Summit masters’ panel, consisting of Saurabh Mukherjea of Marcellus Investment, Bharat Shah of Ask Group, Navneet Munot of SBI Mutual Fund, Vikas Khemani of Carnelian Capital, and Amisha Vora of Prabhudas

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Top gainers of Friday's morning session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 190.88 points up at 36,361.29 on Friday on account of buying in frontline bluechip counters.

Shares of Kamadgiri Fashion (up 15.49 per cent), Spenta International (up 14.58 per cent), Citadel Realty (up 12.30 per cent), Zenith Fibres (up 10.75 per cent), Spicy Entertainment and Media

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Share market update: OMCs trade lower; Oil India plunges around 8%
NEW DELHI: OMCs were trading in the red with the S-P BSE Oil - Gas index trading 1.06 per cent down at 13,232.83 on Friday.

Shares of Oil India (down 7.63 per cent), Hindustan Petroleum Corporation (down 4.30 per cent), Castrol India (down 3.82 per cent) and Bharat Petroleum Corporation (down 2.20 per cent) were trading in the red.

Indian

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Share market update: Nifty FMCG index flat; United Spirits up 6%
NEW DELHI: The Nifty FMCG index was trading 0.03 per cent down at 30,089.8 on Friday with its components trading on a mixed note.

Shares of United Spirits (up 6.05 per cent), Godrej Industries (up 2.31 per cent), Jubilant Foodworks (up 1.51 per cent) and Britannia Industries (up 1.41 per cent) were trading in the green.

Emami (down 2.02 per

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Infosys rises 1% on Citizens Energy deal
NEW DELHI: Infosys shares rose over 1 per cent in early trade on Friday as the company bagged a deal from Citizens Energy Group to enhance its customer service experience.

As part of the deal, Citizens will transform its customer service by leveraging ‘Infosys Preconfigured Accelerator for Customer Experience (PACE)', Infosys said in a statement.

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Share market update: Telecom shares in the red; Vodafone Idea slumps over 5%
NEW DELHI: Telecom shares were trading in the negative terrain with the S-P BSE Telecom index trading 1.7 per cent down at 989.83 on Friday.

Shares of Vodafone Idea (down 5.56 per cent), GTL Infrastructure (down 3.92 per cent), Tejas Networks (down 2.68 per cent) and Bharti Infratel (down 2.58 per cent) were the top losers in the index.

Bharti

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Buy YES Bank, target Rs 320: Investec Securities
Investec Securities has a buy call on YES Bank with a target price of Rs 320.

The current market price of YES Bank is Rs 168.40.

Time period given by the foreign brokerage is one year when YES Bank price can reach the defined target.

Investment rationale by the brokerage:Governance issues – no hiding from this: Several governance issues were

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Asian Oilfields surges 5% on ONGC contract win
Shares of Asian Oilfields surged nearly 5 per cent in early trade on Friday after the oil - gas industry service provider received a LoA from ONGC.

The company has bagged the contract for hiring of services for 2D seismic data acquisition in Himalayan foreland basin valued at Rs 27.65 crore.

Asian Oilfield Services offers end-to-end services

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ETMGS: 95% of leaders today will die down in 10 years! Invest in leaders of tomorrow
NEW DELHI: Alternate investment funds (AIFs) are no longer alternatives. They are going mainstream as high net worth individuals (HNIs) hunt for higher alpha.

Investments in such avenues read close to Rs 1 lakh crore since 2012 while mutual funds have received Rs 9 lakh crore.

Of late, tide is turning and the AIF space is growing at an

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Share market update: PSU Bank shares dip; Vijaya Bank slips nearly 3%
NEW DELHI: PSU Bank shares were trading in the negative zone with the Nifty PSU Bank index down 0.27 per cent at 2923.4 on Friday.

Shares of Vijaya Bank (down 2.61 per cent), Union Bank of India (down 2.26 per cent), Canara Bank (down 1.21 per cent) and Bank of India (down 0.76 per cent), were the top losers in the index.

Bank of Baroda (down 0.57

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Vijay KediaTED Talk: How investing miracles happen!
Success in investing, like in many other fields, is like the Chinese bamboo tree, which takes a lot of time, effort and faith before showing the green shoots, says value investor Vijay Kedia.

Delivering a TEDx talk at IIM-Amritsar, Kedia said the Chinese Bamboo Tree is like any other plant, which requires soil, water and sunshine to grow. But the

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Australia shares down on weak banks, nerves before G20; NZ rises
Australian shares ended lower on Friday as investors grappled with a cocktail of negative domestic and global factors, including uncertainty over an inquiry into the financial sector and weak Chinese factory activity data.

World markets were also on edge before a meeting of Chinese and US leaders over the weekend for talks expected to centre on

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Repco, other NBFCs zoom as RBI eases asset securitisation norms
NEW DELHI: Shares of non-banking financial companies (NBFCs) jumped on Friday after the Reserve Bank of India (RBI) relaxed rules allowing them to sell or securitise their loan books, in a bid to ease persistent stress in the sector.

NBFCs can now securitise loans of more than five-year maturity after holding those for 6 months on their books, the

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Buzzing stocks: YES Bank, Vakrangee, DHFL, Bajaj Finance, ICICI Bank
NEW DELHI: YES Bank with over 4.54 crore shares changing hands was leading among the most traded stocks on NSE on Friday.

Shares of Vakrangee (number of shares traded: 1.65 crore), JP Associates (number of shares traded: 0.97 crore), Idea Cellular (number of shares traded: 0.96 crore), DHFL (number of shares traded: 0.83 crore), Reliance

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Buy Zensar Technologies, target Rs 300: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on Zensar Technologies with a target price of Rs 300.

The current market price of Zensar Technologies is Rs 229.35.

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

Valuation and view of the brokerage on the companyExecution for next leg of growth

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Top intraday trading ideas for afternoon trade for Friday 30 November 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:

Kunal Bothra independent market expertApollo Hospitals is a 'Buy' call with a target

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Tata Motors slips 4% as JLR halts production at Wolverhampton
NEW DELHI: Tata Motors shares plunged nearly 4 per cent in morning trade on Friday after reports emerged that the company owned JLR will temporarily halt production and reduce the workforce by about 500 at its engine factory in Wolverhampton (UK) to adjust for low demand.

JLR has been in hot water of late over uncertainties around Brexit, low

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Nikkei edges up but gains limited ahead of US-China meeting
TOKYO: Japan's Nikkei edged up to a three-week high on Friday supported by defensive stocks and petroluem shares, but gains were limited as investors braced for the weekend meeting between the leaders of the United States and China.

Market participants remain sidelined ahead of the G20 summit in Buenos Aires, where President Donald Trump was due

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Share market update: IT shares in the green; Infibeam Avenues jumps nearly 3%
NEW DELHI: IT shares were trading in the green with the Nifty IT index up 1.1 per cent at 14,623.9 on Friday.

Shares of Infibeam Avenues (up 2.91 per cent), Wipro (up 2.38 per cent), Tata Elxsi (up 2.34 per cent) and NIIT Technologies (up 1.40 per cent), were the top performers in the index.

Infosys (up 1.13 per cent), MindTree (up 1.04 per cent)

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YES Bank jumps 5% on news Rana Kapoor may not seek chairman's post
NEW DELHI: Shares of YES Bank jumped over 5 per cent in early deals on Friday after reports that outgoing Managing Director and CEO Rana Kapoor may not be in the fray for the post of chairman.

Rana Kapoor is unlikely to be in the fray for the post of chairman which fell vacant following the resignation of Ashok Chawla earlier this month, PTI

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Buy NOCIL, target Rs 270: Prabhudas Lilladher
Prabhudas Lilladher has a buy call on NOCIL with a target price of Rs 270.

The current market price of NOCIL is Rs 169.80.

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

Investment rationale by the brokerage:Timely capex to support growth: Nocil remains well placed to capitalize on domestic and

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Share market update: Auto shares trade mixed; M M rises nearly 3%
NEW DELHI: Auto shares were trading mixed with the Nifty Auto index up 0.79 per cent at 9275.05 on Friday.

Shares of Mahindra - Mahindra (up 2.56 per cent), Maruti Suzuki India (up 1.77 per cent), Ashok Leyland (up 1.63 per cent) and Exide Industries (up 1.22 per cent) were the top gainers in the index.

Tata Motors (down 2.03 per cent), Tata

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Sensex climbs 150 points, Nifty50 nears 10,900; YES Bank jumps 5%
NEW DELHI: Benchmark indices opened on a firm note on Friday ahead of the kick start of two-day G20 summit in Buenos Aires. Asian markets were mostly up half-a-per cent. Domestic stocks followed the suit.

At 9.21 am, the BSE Sensex was trading 158 points, or 0.44per cent, higher at 36328.83. The NSE barometer rose 25.05 points, or 0.23 per cent,

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Share market update: Nifty Metal index dips; CIL down nearly 2%
NEW DELHI: The Nifty Metal index was trading 0.76 per cent down at 3153.05 on Friday with its components trading on a mixed note.

Shares of Hindustan Zinc (up 1.83 per cent), APL Apollo Tubes (up 1.46 per cent), Jindal Stainless (Hisar) (up 1.22 per cent) and MOIL (up 1.15 per cent) were the top performers in the index.

Coal India (down 1.72 per

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2018 a year of PE derating, recovery in EM currencies a key theme for 2019: Adrian Mowat
MUMBAI: Emerging markets equity strategist Adrian Mowat on Friday said that 2018 has been the year of PE multiple derating.

Speaking at the second edition of ETMarkets Global Summit, the EM strategist said he is skeptical about the Trump-Xi meet at G20 summit.

“If Chinese economy fails to recover, it will be a genuine risk premium for emerging m

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Complied with all Sebi rules on disclosures: Sun Pharma
Mumbai: India’s largest drugmaker Sun Pharmaceuticals on Thursday said that it has remained compliant and disclosed all information under section 30 of Sebi’s (LODR) regulations, in response to queries raised by the stock exchanges on the ET story published on Wednesday.

The National Stock Exchange and the Bombay Stock Exchange asked Sun Pharma whe

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Buy Larsen Toubro, target Rs 1,760: Reliance Securities
Reliance Securities has a buy call on Larsen - Toubro (L-T) with a target price of Rs 1,760.

The current market price of Larsen - Toubro is Rs 1,417.50.

Time period given by the brokerage is one year when Larsen - Toubro price can reach the defined target.

Investment rationale by the brokerageHealthy order book: Current order book

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Top losers of Friday's morning session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 170.29 points up at 36,340.70 on Friday on account of buying in frontline bluechip counters.

Shares of Garv Industries (down 11.76 per cent), King Infra Ventures (down 11.27 per cent), Sadhna Broadcast (down 10.04 per cent), JLA Infraville (down 10 per cent), Duncan Engineering (down

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In complete contrast to what was expected, the expiry of the November series showed no volatility at all. The Markets opened higher, got stronger as the day progressed and ended the day with decent gains. Though the breadth of the market was not as healthy as it should be, the benchmark Nifty still went higher and closed with gains of 129.85
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