StockMarket

Sebi directs MCX to probe data misuse plaint
Mumbai: Market regulator Sebi has directed the board of commodity exchange MCX to conduct an internal enquiry into a whistleblower’s complaint on alleged misuse of data provided by the exchange to IGIDR, said a person aware of the development.

The outcome of the enquiry will be intimated to Sebi.

An e-mail query to Saurabh Chandra, chairman of

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After Market: Yes Bank slumps on Moodydowngrade; 94 stocks show bearish crossovers
NEW DELHI: Domestic stocks closed in the positive zone on Tuesday, extending gains to the second straight session, as market sentiment improved after news reports hinted at a possible truce between the US and China on the trade war front.

US President Donald Trump and his Chinese counterpart Xi Jinping may discuss issues regarding trade tariffs

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NEW DELHI: The Nifty50 rallied over 100 points on Monday to get past the 10,600 level. The index formed a Hammer candle on the daily chart, suggesting that every selling was bought into. The index has its upside capped in the 10,740-10,775 zone, as the advance-decline ratio needs to be improved for further strength.

The 10,489 level will act as a

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RBI to pump in additional liquidity of Rs 40,000 cr in Dec
Mumbai: The RBI will pump in another set of liquidity in December by infusing Rs 40,000 crore into the system through open market operations (OMOs).

"Based on an assessment of the durable liquidity needs going forward, the RBI has decided to conduct purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs

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Moody's downgrades YES Bank ratings, changes outlook to negative
Moody's Investors Service Tuesday downgraded Yes Bank's ratings to non-investment grade and changed outlook to negative from stable on the back of various resignations from the Board.

The resignations, when seen in conjunction with RBI's September directive to restrict the term of the bank's MD-CEO Rana Kapoor, till January 31, 2019, have

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Banks may stay away from bonds of NBFCs, HFCs
Mumbai: The Reserve Bank of India's (RBI) move to allow partial credit enhancement (PCE) to bonds issued by non-banking finance and housing finance companies may not generate interest from banks due to the tight liquidity, says a report.

The RBI, on November 2, permitted banks to provide PCE to bonds issued by systematically important NBFCs and

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Reliance CPSE ETF anchor portion oversubscribed 5.57 times
Reliance CPSE ETF has turned out to be a big draw with investors as its anchor portion stood oversubscribed by 5.57 times.

In absolute terms, Rs 13,300 crore of subscription was received as against the anchor book size of Rs 2,400 crore, the company said. FIIs accounted for 65 per cent of the overall demand.

CPSE ETF (Central Public Sector

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Tech view: Nifty forms small bullish candle; small correction done for now
NEW DELHI: The Nifty50 jumped for the second session on Tuesday but failed to reclaim the 10,700 level in intraday trade.

It negated the formation of lower highs and lower lows after four days of trading to form a small bullish candle on the daily chart. The market breadth improved though declines outnumbered advances.

The minor correction the

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YES Bank pares some losses on promoters prepaying Rs 400 crore NCDs
NEW DELHI: Shares of YES Bank recovered from early jitters in Monday’s trade, as sources told ET Now that a promoter of the private lender has prepaid Rs 400 crore non-convertible debentures (NCDs) held by two mutual funds.

According to ET Now, the promoters has prepaid Rs 200 crore each of NCDs held by Reliance Mutual Fund and Franklin Templeton.

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After initial hiccups and struggle in the first hour of the trade, the Nifty managed to move past its 50-DMA and ended above it.

The session remained much volatile, more so in the first half, wherein the market oscillated in a 50-point range, but headed nowhere in a meaningful way. After struggling below the 50-DMA, the Nifty finally moved past

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RBI eases hedging rules to 70% for external commercial borrowing
Kolkata: The Reserve Bank of India has further eased overseas borrowing rules at a time when the local credit market is in the process of normalisation from tight liquidity condition.

The central bank reduced the mandatory hedge coverage to 70% per cent from 100% for external commercial borrowings (ECB) raised by Indian companies.

The step would

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India Inc as well as Dalal Street investors had a highly volatile period in last two quarters in terms of raw material cos ts, currency fluctuations and selloff in the broader equity market.

Yet, as many as 33 companies on National Stock Exchange (NSE) managed to register double-digit bottom line and top line growth and record up to 80 per cent

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Rupee rises 8 paise to 70.79 on easing trade worries
Mumbai: The rupee recovered by 8 paise to close at 70.79 against the dollar on Tuesday on increased selling of the greenback by exporters and softening crude oil prices.

Forex traders said the rupee's rise was supported by dollar selling by exporters and banks after the Chinese foreign ministry announced a mutually beneficial agreement with the

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NSE to launch weekly options on USD-INR on Dec 3
New Delhi: The National Stock Exchange(NSE) Monday said it has received Sebi's approval to introduce weekly derivatives contracts on USD-INR which it will launch from December 3.

The weekly derivatives contracts will help participants limit time-related premium costs, thereby offering effective protection for their foreign exchange exposures, NSE

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Centre to infuse Rs 42,000 crore in PSU banks by March, next tranche likely in December
The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as early as next month, a senior finance ministry official said Monday.

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to

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Sebi issues norms for interoperability among clearing corporations
New Delhi: With an aim to reduce trading costs, regulator Sebi Tuesday came out with a framework for interoperability among clearing corporations (CCPs), which will be operationalised by June 1, 2019.

At present, different bourses have their own CCPs , which handle settlement of trades on the respective stock exchanges.

The interoperability would

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After Market: MACD shows bearish signal at 134 counters on BSE
NEW DELHI: Barring a few hiccups at an early stage, healthy buying in banks, FMCG, IT and auto counters saw equity benchmarks Sensex and Nifty snap their three sessions of losing streak on Monday.

Better global cues and soft crude oil prices globally nudged participants to go in for more buying.

Turning choppy during the first half of the

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Sensex gains over 350 points, Nifty reclaims 10,600; Factors that drove the show
NEW DELHI: Private banks and FMCG accounted for much of the market optimism on Monday as the Sensex and Nifty surged nearly 1 per cent.

Strong macros in the form of a firm rupee and soft oil prices made participants bolder. Strength in global markets too went in the bulls' favour.

The BSE benchmark Sensex climbed 373.06 points or 1.07 per cent to

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By Netty IsmailSaudi Arabia will find it hard to attract foreign money as the murder of columnist Jamal Khashoggi raises concerns about governance and other political risks, said Mark Mobius, a veteran investor in developing nations.

The 82-year-old, who set up Mobius Capital Partners LLP this year after three decades at Franklin Templeton

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Hold Tech Mahindra, target Rs 770: Jefferies Group
Jefferies Group has a hold call on Tech Mahindra with a target price of Rs 770.

The current market price of Tech Mahindra is Rs 693.90.

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

View of the foreign brokerage on the company: 3-4-3 strategy remains in focus across verticals: Management

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Australian shares were dragged lower on Monday by heavy losses for the mining and energy sectors, as a plunge in oil prices last week inflamed broader fears about slowing global growth and corporate earnings.

While Asian share markets put on modest gains thanks to signs of brisk US holiday sales, a crucial meeting between US and Chinese leaders at

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Fitch affirms PNB's Issuer Default Rating
New Delhi: Fitch Ratings Tuesday affirmed Punjab National Bank's (PNB) Issuer Default Rating and removed Viability Rating from 'Rating Watch Negative', as it feels that the lender's non-performing loans have peaked and downside risk to profitability has eased.

"The removal of the VR (Viability Rating) from 'Rating Watch Negative' is based on our

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Buy IDFC Bank, target Rs 45: HDFC Securities
HDFC Securities has a buy call on IDFC Bank with a target price of Rs 45.

The current market price of IDFC Bank is Rs 39.70.

Time period given by the brokerage is 1-4 weeks when IDFC Bank price can reach the defined target.

HDFC Securities recommended keeping a stop loss at Rs 35.

The view of the brokerage on the stock: After falling from a high

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Japanese shares rise, take heart from Osaka's selection for World Expo
TOKYO: Japanese shares rose on Monday, taking Wall Street's losses in stride to touch a one-week high, with an upcoming World Expo in Osaka lifting the market.

The Nikkei share average ended the day up 0.76 per cent at 21,812.00, posting its second session of gains. The index briefly rose to 21,838.10, its highest since Nov. 19.

The broader Topix

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Sebi fines R S Ispat Rs 25 lakh for fraudulent trade in illiquid stock options
New Delhi: Sebi Tuesday slapped a penalty of Rs 25 lakh on Kolkata-based R S Ispat for indulging in non-genuine trade which created a false appearance of trading in illiquid stock options segment of BSE.

In April, Sebi had announced to take action in a phased manner against 14,720 entities for 'non-genuine trades' in illiquid stock option segment.

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Buy ISGEC Heavy Engineering, target Rs 7,093: ICICI Securities
ICICI Securities has a buy call on ISGEC Heavy Engineering with a target price of Rs 7,093.

The current market price of ISGEC Heavy Engineering is Rs 5,279.35.

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

Investment rationale by the brokerage:Strong order intake from new sectors: C

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Share market update: Nifty PSU Bank index trades flat; Bank of India down 2%
NEW DELHI: The Nifty PSU Bank index was trading 0.17 per cent down at 2914.8 on Monday with most of its components trading in the red.

Shares of Bank of India (down 2.03 per cent), Indian Bank (down 1.76 per cent), Vijaya Bank (down 1.15 per cent) and Punjab National Bank (down 0.91 per cent) were the top laggards in the index.

Syndicate Bank

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Nasdaq may go with bitcoin futures amid price fall
By Ben Bain

Nasdaq is moving ahead with a plan to list Bitcoin futures, according to two people familiar with the matter, betting on sustained interest despite the cryptocurrency’s dramatic plunge over the past year.

Nasdaq has been working to satisfy the concerns of the US’ main swaps regulator, the Commodity Futures Trading Commission, before l

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By Chandan Taparia

The Nifty50 index opened with a gap up and made an intraday low of 10,490 on Monday, but managed to recover sharply from lower levels and settle at 10,628.

The index formed a Hammer candle on the daily scale, which suggests every decline is being bought into. The index is hovering near its 50-day EMA and the crucial juncture of

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Banking, FMCG, fertiliser stocks to show some strength
By Rajesh Palviya Where are WeThe index has witnessed extreme volatility in last week due to domestic and global events, and the Nifty witnessed selling pressure throughout the week. The Index has seen long built up with 5% addition of open interest. On the options front,10,600 and 10,700 was the strike witness call writing, whereas put unwinding
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