StockMarket

HCL Tech falls 1%, Bajaj Finance climbs 1% on news of Sensex foray
NEW DELHI: Shares of HCL Technologies declined over 1 per cent on BSE, while those of Bajaj Finance climbed nearly 1 per cent with both set to enter the BSE Sensex. HCL Tech, along with Bajaj Finance, will replace Wipro and Adani Ports - SEZ in the BSE Sensex, Asia Index said on Thursday. The changes will be effective on December 24. Moreover,
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Sensex gains over 100 points, Nifty50 above 10,550; YES Bank declines 5%
NEW DELHI: Benchmark indices opened on a firm note on Monday, thanks to recent weakening of crude prices overseas.

At 9.22 am, the BSE Sensex was trading 109.61 points, or 0.31 per cent, higher at 35,090.63. The index was up over 150 points in early trade. Nifty50 added 35.65 points, or 0.34 per cent, to trade at 10,562.40.

The 10,646-10,775 is

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F O expiry, Trump-Xi meet among 9 cues to move market this week
NEW DELHI: During the week gone by, global sentiment outweighed favourable triggers such as softening crude price and a strengthening rupee to cause domestic equity benchmark Sensex snap its winning streak of three consecutive weeks.

A selloff in US technology stocks degenerated into a rout in emerging markets that have been trying to come to

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Share market update: Auto shares in the red; Motherson Sumi dips nearly 3%
NEW DELHI: Auto shares were trading in the red with the Nifty Auto index trading 0.36 per cent down at 9029.8 around 10:50 am on Monday.

Shares of Motherson Sumi Systems (down 2.78 per cent), Tata Motors (down 1.94 per cent), Tata Motors (DVR) (down 1.52 per cent) and Eicher Motors (down 1.34 per cent) were the top losers in the index.

Bharat

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Top losers of Monday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 70.03 points up at 35,051.05 on Monday on account of buying in frontline bluechip counters.

Shares of Zenith Fibres (down 18.12 per cent), Dion Global Solutions (down 15.46 per cent), Ponni Sugars (down 13.07 per cent), Bhilwara Tech (down 10.80 per cent), Sky Industries (down 10.08

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Six of top 10 valued companies take Rs 74,034 crore hit in m-cap
MUMBAI: The combined market valuation of six of the 10 most valued Indian companies declined by Rs 74,034.26 crore last week, led by IT major TCS which took the largest hit of Rs 25,140.37 crore.

For the trading week ended Thursday, Reliance Industries Ltd (RIL), TCS, HUL, Infosys, SBI and ICICI Bank witnessed a decline in their market

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Overseas bond sales by Indian companies at decade low
Overseas bond sales by Indian companies have slumped to the lowest since the global financial crisis a decade ago, illustrating uncomfortable levels of volatility in global rates and currency markets this year.

Offshore bond issuances, largely denominated in dollars and sold to international banks and institutions, have fallen to $6.76 billion so

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Top gainers of Monday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 90.94 points up at 35,071.96 on Monday on account of buying in frontline bluechip counters.

Shares of Tarmat (up 18.40 per cent), Agri-Tech (India) (up 17.97 per cent), Paramount Communications (up 15.81 per cent), PVP Ventures (up 15.32 per cent), Shiva Global (up 13.99 per cent),

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FPIs' bullish stance continues; inflow at Rs 6,310 crore in November so far
NEW DELHI: Foreign investors have pumped in Rs 6,310 crore into Indian capital markets this month so far, after pulling out massive funds in October, on easing crude oil prices and a strengthening rupee.

Of these, most of the funds were infused in the debt market by foreign portfolio investors (FPIs), the latest data with depositories showed.

The

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YES Bank slumps 5% as investors worry over MF holdings

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Welspun India aims 50% revenue from innovation-based products by 2022
NEW DELHI: Home textiles maker Welspun India is eyeing about 50 per cent of its revenue from innovation-based products by FY2021-22, a top company official said.

The company, which offers bath, bedding and flooring solutions, has 29 active patents globally.

"We expect revenue from innovation-based products to grow significantly in the years to

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Even when Arun Goenka, businessman and veteran stock market investor, works out of his office in the congested Mumbai suburb of Andheri East, the 61-year-old keeps recalling another, far away place — the village he grew up in, Neamathpur in Paschim Bardhaman district of West Bengal.

The mining region, around Asansol, was one of the earliest

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Stocks that hit 52 week high on NSE
Benchmark NSE Nifty index was trading 9.85 points down at 10,516.90 on Monday on account of selling in frontline bluechip counters.

Shares of Electrosteel, Kshitij Polyline, Vindhya Telelink, Ircon International and Mohini Health - Hygiene hit their fresh 52 week high in the morning trade on NSE.

However, stocks such as MVL, Todays Writing,

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The domestic market had a disappointing end to the truncated week as Thursday’s session ended with losses. After a modest start to trade, Nifty50 spent the first half of the session in a capped range, as it traded with modest gains. It was the second half that saw Nifty lose ground. Though some caution towards the end was expected given the long w
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Microsoft surpasses Apple to become most valuable US company
Microsoft has become the most valuable US company with $753.3 billion in market capitalisation, riding past Apple for the first time since 2010 when it came close to the Cupertino-based tech giant.

Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on Friday, owing to lower-than-expected iPhone sales amid

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Talking Stock: Add Cochin Shipyard, hold NOCIL
G CHOKKALINGAMMD, Equinomics Research - Advisory

I hold 50 Shares of Cochin Shipyard at Rs 566 and 100 Shares of Tata Motors DVR at Rs 160. Should I hold or sell them—PAWAN PRAJAPATIAdd more quantity of Cochin Shipyard shares to reduce your average cost. Excellent Q2FY2019 results, huge cash on books, solid growth in profit from the repair

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RBI may hold the rates baton till March: report
MUMBAI: The Reserve Bank will hold the rates for the remainder of the fiscal year ending March 2019 and is likely to go for "measured hikes" in FY20 as inflation inches up, Singaporean lender DBS has said.

Decision on rates will be majorly influenced by the movement in oil prices and also the currency, which were termed as "wildcards" by its house

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S P 500 slides into 'correction' for second time this year
New York: US stocks closed lower Friday, bumping the benchmark S-P 500 index into a correction, or drop of 10 per cent or more from its recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in more than a year, reflecting worries among traders that a slowing global
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Boards and CXOs of India’s biggest listed companies rarely study and worry about market capitalisation (mcap) in dollar terms. Neither do India-based analysts. But the sole focus on m-cap in rupee terms hides a basic reality — big foreign investors will look at m-cap in dollars, and foreign investors hold as much as 44 per cent of the free float sh
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I-T dept sells shares of Cairn Energy to recover retrospective tax
NEW DELHI: Weeks before an international arbitration tribunal rules on retrospective tax levied by India, the Income Tax Department has sold almost all of Cairn Energy Plc's attached shares to recover a part of the Rs 10,247 crore retrospective tax demand, regulatory filings showed.

While the Indian government had used a 2012 legislation to tax

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IIFL Holdings' arm Infoline Finance to raise up to Rs 5,000 crore
NEW DELHI: IIFL Holdings said Saturday its arm Infoline Finance is planning to raise up to Rs 5,000 crore via non-convertible debentures. "India lnfoline Finance Limited, a material NBFC subsidiary of the company (IIFL Holdings), has filed the draft shelf prospectus with the NSE (National Stock Exchange) and the BSE on November 23, 2018, for
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Buzzing stocks: YES Bank, Adani Power, RIL, Infosys, TCS
NEW DELHI: YES Bank with over 2.80 crore shares changing hands was leading among the most traded stocks on NSE on Monday.

Shares of Adani Power (number of shares traded: 1.37 crore), JP Associates (number of shares traded: 1.37 crore), Idea Cellular (number of shares traded: 1.20 crore), Reliance Communications (number of shares traded: 1.18

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China steps up fight against abuse of power by stock market regulators
SHANGHAI: China's corruption watchdog will work with the country's stock market commission to combat graft and abuse of power following a spate of violations in which companies pay officials to gain regulatory approvals, it said on Sunday.

China is stepping up efforts to fight corruption in the securities market as part of a campaign to reduce

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The week in 10 stocks: Jute stocks, YES Bank, 8K Miles created all the buzz
A host of favourable cues like a firm rupee, sharp drop in crude and signs of a possible dialogue between the government and the RBI failed to keep the bulls on Dalal Street as benchmark indices Sensex and Nifty snapped their three-week long winning streak.

A week that was characterised by high volatility mainly triggered by the selloff across

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Jet jumps nearly 2% on hopes of Etihad investment
Shares of Jet Airways jumped nearly 2 per cent in early trade on Monday following reports that founder-chairman Naresh Goyal is likely to rope in Etihad Airways to further invest in its equity in a bid to overcome the financial crisis that is currently enveloping his airline.

It has been reported that in order to save his airline, Goyal is willing

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Tweet Buster: An idea to kick off next bull run how safe is this rupee rally
NEW DELHI: Yes, domestic stocks did snap their three-week winning streak. But if you look at the brighter side, this was more of a global phenomenon than a case of poor Indian macros.

With the rupee completing a spectacular week and oil wallowing at near one-year lows, all in all, it was win-win for the Indian economy; except that it wasn't.

Now

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US fund investors signal concern on credit
NEW YORK: US fund investors renewed their concerns about credit quality in corporate debt markets during the latest week, hitting leveraged loan and high-yield debt funds with multibillion-dollar withdrawals, Lipper data showed on Friday.

So-called “loan participation funds,” made up of funds that buy loans to highly indebted companies that typ

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By Nupur Acharya

Now is the time for equity investors to bet on India’s election results, even though the polls aren’t likely till May, according to FundsIndia.

Investing five to six months before the elections in 2009 and 2014 earned an average three to six percent more than the Indian benchmark return in the five-year period to the next vote,

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'RBI should push for fresh issuance of shares by banks to meet licensing guidelines'
NEW DELHI: As the RBI deadline approaches for the Kotak Bank promoters to reduce their stake to 20 per cent, investors are getting anxious about possible scenarios given the difference of opinion between the lender and the RBI over ways to meet the directive.

Some investors on condition of anonymity said the RBI should push for fresh issuance of

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The domestic market ended the truncated trading week on a negative note. It was for the seventh consecutive week that Nifty50 faced resistance and was not able to move past the 50-week moving average. In a week in which the 50-pack traded in a 250-point range, Nifty ended near its lowest point. The benchmark index lost 155.45 points, or 1.46 per
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