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ICICI Pru AMC settles case with Sebi
Mumbai: ICICI Prudential Asset Management Company and its chief executive have settled the case of violation of mutual fund regulations with market regulator Sebi over its investment in ICICI Securities IPO (initial public offering) by paying Rs 96.76 lakh as settlement fees.

The Securities and Exchange Board of India had initiated adjudication

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These 5 factors gave Sensex a 453-point lift
NEW DELHI: Benchmark indices climbed on Thursday as if there is no tomorrow. The optimism globally over dovish Fed comments had a rub off on all major asset classes, dragging dollar and pushing up appetite for risk assets such as emerging market equities. Here are five reasons that lifted the BSE Sensex by 453 points at close:

Powell’s remarksUntil

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Vedanta rises 3% as NGT gives green signal to its copper factory
NEW DELHI: Shares of Vedanta rose 3 per cent in early trade on Thursday as a three-member committee, set up by the National Green Tribunal (NGT) to decide on reopening the Vedanta-owned Sterlite Copper factory in Tamil Nadu’s Thoothukudi district, termed the state government order that led to its closure as “unsustainable.”

The panel said that

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Rupee soars 77 paise, breaches 70 after 3 mths
Mumbai: The rupee vaulted 77 paise to a three-month high of 69.85 per dollar on Thursday, propelled by easing crude oil prices and fresh foreign capital inflows.

In a major relief to energy importers like India, oil prices slipped below the USD 60 per dollar mark as investors fretted over a supply glut.

Forex dealers said a bullish trend in the

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European shares join Wall Street rally on dovish Fed comments
LONDON: European shares joined an overnight rally on Wall Street after dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards stock markets despite uncertainty over a possible escalation in the US/China trade dispute.

The pan-European STOXX 600 benchmark was up 0.7 per cent by 0850 with all major bourses and

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Top gainers of Thursday's morning session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 358.54 points up at 36,075.49 on Thursday on account of buying in frontline bluechip counters.

Shares of Commercial Engineering (up 19.99 per cent), Hotel Leela (up 19.96 per cent), PG Electroplast (up 18.04 per cent), Pioneer Embroid (up 14.08 per cent), Kamat Hotels (up 13.61 per

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F O: Nifty builds on its speed, ends November series on a high
By Chandan TapariaThe Nifty opened positive and continued its momentum towards 10,880 zones. It filled a major falling gap made on October 4 and completed its 50 per cent retracement of entire downleg from 11,760 to 10,004 levels.

It has been making higher highs and higher lows from last three trading sessions and supports are shifting higher.

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Nikkei gains as cyclical shares rally after Fed chairman's 'dovish' comment
TOKYO: Japan's Nikkei index rose on Thursday as emboldened investors bought global cyclical stocks after the Federal Reserve hinted it was near the end of its rate hike cycle.

But gains were trimmed by lingering concerns over the outcome of a meeting between US President Donald Trump and Chinese President Xi Jinping on the sidelines of the G20 summ

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Mawana Sugars jumps over 4% on news of availing soft loan
NEW DELHI: Shares of Mawana Sugars jumped over 4 per cent in early trade on Thursday as the company approved the proposal to avail Rs 146 crore soft loan granted by the Uttar Pradesh Co-operative Bank.

The loan will help clear the outstanding dues of the farmers for the crushing season 2017-18 for its units Mawana Sugars Works and Nanglamal Sugar

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Tech View: Nifty makes a decisive break, forms small bullish candle
NEW DELHI: The Nifty on Thursday made a decisive break above its 200-day moving average and got past its broader range of 10,489-10,775. The index formed a small bullish candle on the daily chart.

Thursday marked the third day of higher high and higher low formation for the index. Market breadth improved too. The index could eye 11,000 level in

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Nifty eyes November as best series of 2018 so far
NEW DELHI: November is turning out to be the best derivatives series for the Nifty index so far this year.

The Nifty barometer Nifty50 has jumped 7 per cent during the series. This is even when four out of top five F-O losers are Nifty50 constituents.

UPL, with a gain of 28.8 per cent, is the only Nifty stock among top 10 F-O gainers

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Buzzing stocks: YES Bank, ICICI Bank, HDFC Bank, RIL, Suzlon Energy
NEW DELHI: YES Bank with over 6.28 crore shares changing hands was leading among the most traded stocks on NSE on Thursday.

Shares of Suzlon Energy (number of shares traded: 1.89 crore), ICICI Bank (number of shares traded: 1.25 crore), L-T Fin Holding (number of shares traded: 1.16 crore), Arvind (number of shares traded: 1.09 crore), Adani

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After market: Metal takes on shine, 98 stocks flash a bearish signal
NEW DELHI: A host of factors played ball on the last day of November futures and options (F-O) contracts, which saw headline indices Sensex and Nifty extend their bullish run to the fourth consecutive session on Thursday.

The 453-point rally in the Sensex came on the back of a strong rupee after crude oil prices fell in global market and

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Top intraday trading ideas for afternoon trade for Thursday 29 November 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading higher on Thursday 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 expertLIC Housing is a 'Buy' call with a target

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Jet Airways climbs 2% on talks of third partner
NEW DELHI: Shares of Jet Airways climbed 2 per cent on BSE in Thursday morning trade on reports that the company is in talks to rope in a third party — an Indian entity — to partner Etihad in buying a majority stake and management control in Jet.

Shares of the company had jumped over 5 per cent on Thursday amid reports of Naresh Goyal's exit from

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Stocks make hay as Powell's tone buoys mood
Stocks surged on Thursday as US Federal Reserve Chairman Jerome Powell's comments came as a whiff of fresh air amid November derivatives expiry.

Fall in oil prices and a strengthening rupee played a supporting role.

Overnight comments from Powell that US interest rates were just below neutral pushed down the dollar and improved risk appetite for

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Indian elections and their outcomes have often driven a wedge even in apolitical families with little at stake but curiosity. So, it would be unwise to assume that the planet’s biggest balloting exercise — and its likely impact — wouldn’t polarize Mumbai’s financial community, which has much more at stake than does the average pollster in a televis
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YES Bank plunges 9%, touches 52-week low
NEW DELHI: Falling for the fifth consecutive session, YES Bank shares plunged over 9 per cent to touch a fresh 52-week low at Rs 147 on BSE in Thursday's session.

The scrip has been under pressure and several brokerages have downgraded the stock after three directors including Ashok Chawla, Vasant Gujarathi, and Rentala Chandrashekhar, quit.

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Buy Godrej Properties, target Rs 1,000: Deutsche Bank Research
Deutsche Bank Research has a buy call on Godrej Properties with a target price of Rs 1,000.

The current market price of Godrej Properties is Rs 634.85.

Time period given by Deutsche Bank Research is one year when Godrej Properties price can reach the defined target.

Investment rationale by Deutsche Bank Research:Growth decelerates on a high base:

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Share market update: Auto shares in the green; M M up nearly 3%
NEW DELHI: Auto shares were trading in the green with the Nifty Auto index trading 0.69 per cent up at 9159 on Thursday.

Shares of Mahindra - Mahindra (up 2.65 per cent), Bajaj Auto (up 2.15 per cent), Apollo Tyres (up 1.44 per cent) and Bosch (up 0.84 per cent) were the top gainers in the index.

Bharat Forge (up 0.76 per cent), Tata Motors

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Powell `just below' comment seen as suggesting fewer rate hikes
By Christopher Condon, Rich Miller and Jeanna Smialek

Federal Reserve Chairman Jerome Powell said interest rates are “just below” the so-called neutral range, softening previous comments that seemed to suggest a greater distance and spurring speculation central bankers are increasingly open to pausing their series of hikes next year.

Treasuries and

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Buy NOCIL, target Rs 225: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on NOCIL with a target price of Rs 225.

The current market price of NOCIL is Rs 169.

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

Investment rationale by the brokerage:Market leader in rubber chemicals in India: With a long-standing operating history of over

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Indian equities have bounced back after a steep correction in oil prices. Over the past month, stocks are moving up and have outperformed developed markets as oil prices crashed nearly 25 per cent. Interestingly, mid and small-cap stocks that fell sharply in June and September quarters have outperformed the broader market since October 1 after
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Sensex reclaims 36,000, Nifty tops 10,800 on dovish Fed comments
NEW DELHI: Dovish remarks from US Federal Reserve Chair Jerome Powell pushed benchmark indices higher in Thursday’s trade.

At 9.25 am, the BSE Sensex was on the verge of reclaiming 36,000 level. The index was ruling 276 points, or 0.77 per cent, higher at 35992.87. The NSE barometer Nifty50 remained 10,800 level and was up 2.05 points, or 0.67

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Buy Gujarat State Petronet, target Rs 262: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on Gujarat State Petronet with a target price of Rs 262.

The current market price of Gujarat State Petronet is Rs 188.10.

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

Investment rationale by the brokerage:Demand-supply analysis suggests

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Top losers of Thursday's morning session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 388.56 points up at 36,105.51 on Thursday on account of buying in frontline bluechip counters.

Shares of Atreya Petro (down 10.61 per cent), Patspin India (down 9.99 per cent), Carnation Industries (down 9.34 per cent), Tokyo Plast International (down 9.04 per cent), G G Dandekar

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Mumbai: The capital market regulator is at an ‘advanced stage’ of investigation against five top brokers in the 5,500 crore National Spot Exchange (NSEL) scam, said two people familiar with the matter. Securities and Exchange Board of India had issued a show cause notice against them alleging that they are no longer ‘fit and proper’ to function as
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Buy UPL, target Rs 924: Motilal Oswal Securities
Motilal Oswal Securities has a buy call on UPL with a target price of Rs 924.

The current market price of UPL is Rs 781.30.

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

Investment rationale by the brokerage:In a sweet spot post Arysta amalgamation: We note that both UPLL and Arysta complement each

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NEW DELHI: Short-term investors, who have taken heart from the fact that the domestic stock market has fallen least among global peers from recent highs, have bad news.

Their best chance of making a quick buck from stocks may have gone. That’s what a CLSA study based on decades of stock trading history the world over suggests.

December to February

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Wall Street gains on hopes of trade truce
US stocks gained on Wednesday on hopes of a trade truce between the United States and China at the upcoming G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes.

Though President Donald Trump talked tough ahead of a high-stakes upcoming meeting with China’s President Xi J

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