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Digital payments volumes rise threefold
New Delhi: The number of digital payment transactions in India touched 244.81 crore in August 2018, more than three-fold rise from October 2016, underlining the massive adoption of digital payment modes over the last two years, the IT Ministry said Friday.

“New payment modes Bharat Interface for Money-Unified Payments Interface (BHIM-UPI),

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MF SIPs up 42% at Rs 7,900 crore in October
Mutual funds received around Rs 7,900 crore of assets through systematic investment plans (SIP) in October, 42 per cent higher than last year.

SIP inflows stood at Rs 7,727 crore in the preceding month.

The upward trend came despite sustained selling pressure in domestic equity markets during September and October. The BSE Sensex fell 6.44 per

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Share market update: Auto shares rise; Maruti Suzuki up 2%
NEW DELHI: Auto shares were trading in the green with the Nifty Auto index up 0.89 per cent at 9301.1 around 12:42 pm on Friday.

Shares of Maruti Suzuki India (up 2.12 per cent), Hero MotoCorp (up 1.85 per cent), Tata Motors (up 1.46 per cent) and Bajaj Auto (up 1.23 per cent) clocked decent gains.

Bosch (up 1.08 per cent), Mahindra -

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Retail monthly flows into equity-oriented mutual funds surged to the highest this financial year driven by strong flows through systematic investment plans (SIPs). While liquid funds saw some flows trickling back after the huge outflow in the previous month, income funds continued to witness outflows on higher interest rates and fears of the
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European shares dip as Fed saps post US midterms rally
LONDON: European shares dipped at the open on Friday, joining a global market retreat that spread from Wall Street to Asian markets after the Federal Reserve noted a dip in US business investment and suggested a rate hike was on track for December.

A number of disappointing corporate earnings also weighed on morale, as Germany's Thyssenkrupp fell

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Share market update: Realty shares trade in the red; Oberoi Realty slips around 5%
NEW DELHI: The Nifty Realty index was trading 0.9 per cent down at 224.95 around 12:16 pm on Friday with most of its components trading in the red.

Shares of Oberoi Realty (down 4.63 per cent), Sunteck Realty (down 2.40 per cent), Unitech (down 2.17 per cent) and Prestige Estates Projects (down 0.52 per cent), were among the top laggards.

Brigade

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Centre to offer 99 lakh Coal India shares to staff at 5% discount
Kolkata: The Centre on Friday announced an offer for sale of 99 lakh shares of Coal India reserved for its employees at Rs 252.7 per share.

It is expected to fetch the government Rs 250 crore.

The current offer for employees is part of the divestment tranche which concluded last week in which the Centre divested 3.19 per cent of its stake at a

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Share market update: Bank shares trade in the green; YES Bank jumps 5%
NEW DELHI: The Nifty Bank index was trading up 0.27 per cent at 25,807.05 around 02:59 pm on Friday with its components trading in the green.

Shares of YES Bank (up 4.98 per cent), IDFC Bank (up 2.82 per cent), RBL Bank (up 1.46 per cent) and Axis Bank (up 1.11 per cent), were trading with decent gains.

Punjab National Bank (up 0.99 per cent),

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India Oct inflation likely hit 12-month low, below RBI target
BENGALURU: Indian retail inflation likely slowed to its slowest pace in 12-months in October after food and fuel costs fell, keeping the official consumer prices gauge below the central bank's medium-term target for a third consecutive month, a Reuters poll found.

With the battered rupee gaining slightly against the dollar, a recent cut in fuel

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RCom settles case with Sebi on listing norms
New Delhi: Reliance Communications has settled a case with Sebi for alleged non-cooperation with the credit rating agencies and debenture trustee in violation of listing norms.

The company has also reached a settlement regarding non-compliance with listing norms including failure to inform interest payment default on debentures, the Securities

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RIL raises $800 million via 10-year bonds at lowest rate
NEW DELHI: Reliance Industries today said it has raised USD 800 million by selling 10-year bonds - the first offering since Moody's raised India's sovereign rating.

The bonds were priced at 3.66 per cent, the lowest coupon ever achieved by an Indian corporate for a 10-year issuance, the company said in a statement.

RIL, which is rated the same as

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Gold Rate Today: Gold inches down after Fed outcome
Gold and silver were trading lower in morning trade on Friday as the dollar strengthened after the US Federal Reserve kept interest rates steady with a fourth hike for this year expected next month.

MCX Gold futures were down 0.23 per cent at Rs 31,335 per 10 gram at around 11.35 am (IST), while MCX Silver was down 0.11 per cent at Rs 37,570.

Acco

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Titan Q2 net profit inches up to Rs 314 cr
Titan Company on Friday reported a 2.85 per cent year-on-year rise in standalone net profit at Rs 314.38 crore for the quarter ended September.

It had posted a net profit of Rs 305.64 crore in the same quarter last year.

An analyst poll at ETNow had projected a net profit of Rs 359 crore.

Total income increased 26.38 per cent YoY to Rs 4,433.62

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Indian Bank Q2 net profit falls 67%; Stock down 6%
Indian Bank on Friday reported a 67 per cent year-on-year fall in net profit at Rs 150 crore for the quarter ended September.

It had posted a net profit of Rs 451.5 crore in the same quarter last year.

Net interest income (interest earned minus interest expended) increased 12.1 per cent YoY to Rs 1,730.9 crore during the quarter under review as

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PNB shares gain as government ups stake in bank
NEW DELHI: Shares of Punjab National Bank (PNB) were trading higher in Friday's session after the government of India increased stake in the bank by 5.83 per cent to take its shareholding to 71.92 per cent.

Punjab National Bank on Thursday informed bourses that the government bought additional 63.82 crore shares in the bank. With this, the

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'Govt and RBI likely to find middle ground on NBFC liquidity issue'
KOLKATA: The government and the Reserve Bank of India are likely to arrive at a common ground over easing of liquidity crunch for non-banking finance companies, while state-run banks cannot become a perfect substitute for funding medium and small enterprises, DBS Bank said.

The government’s concerns over liquidity has been one of the reasons for i

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Share market update: Metal shares dip; Hindalco Industries slumps 2%
NEW DELHI: Metal shares were trading lower with the Nifty Metal index down 0.95 per cent at 3429.2 around 02:26 pm on Friday.

Shares of Hindalco Industries (down 2.32 per cent), Steel Authority of India (SAIL) (down 1.80 per cent), JSW Steel (down 1.48 per cent) and Tata Steel (down 1.45 per cent) were the top losers in the index.

MOIL (down

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Banks showing positive signs but fundamentals still weak: Report
Notwithstanding the positive signs in the Indian banking sector, fundamentals still remain a long way from returning to "healthy level", a DBS report said Friday.

According to the global financial services major, the recent second quarter earnings of Indian banks showed some positive signs with a slight improvement in asset quality.

Overall,

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After Market: Sweet deal for sugar; oil price fall lifts OMCs, paint stocks
The domestic equity market inched lower on Friday amid subdued global cues after the US Federal Reserve left key interest rates unchanged but hinted at a rate hike in December. The BSE Sensex closed 79.13 points, or 0.22 per cent, down at 35,158 while NSE’s Nifty closed 13.20 points, or 0.12 per cent, down at 10,585.

A warning by Moody’s Investors

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Paints stocks rally; Asian Paints rises 4%
Most of the Paints stocks were trading in the green in the afternoon trade on Friday due to a fall in crude oil prices. A fall in crude price is helpful for the paint companies as it constitutes a major part of their expenses and raw material.

Shares of Shree Hari Chemicals Export (up 9.99 per cent), Adi Rasayan (up 4.94 per cent), Indokem (up

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Dredging Corporation shares rally 10% as govt looks to divest stake

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Tech view: Hammer candle on Nifty charts signals buying at lower level
NEW DELHI: The Nifty50 traded in a narrow range on Friday and could not take out the 10,600 level by the day’s close. The index formed a Hammer candle on the daily chart, suggesting buying at lower level.

Follow-up action was missing on either side, as the index consolidated in the 10,450-10,650 range for the entire week, said Chandan Taparia of

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Share market update: Nifty FMCG index trades flat; Tata Global Beverages dips 1%
NEW DELHI: The Nifty FMCG index was trading 0.09 per cent down at 28,733.35 around 12:58 pm on Friday with most of its components trading in the red.

Shares of Tata Global Beverages (down 1.28 per cent), Procter - Gamble Hygiene - Healthcare (down 1.06 per cent), Emami (down 1.01 per cent) and ITC (down 0.96 per cent) were the top losers

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10 top gainers of Friday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 26.68 points down at 35,211 on Friday at 10:20 am on account of selling in frontline bluechip counters.

Shares of Nagpur Power (up 18.93 per cent), Panchsheel Organics (up 18.20 per cent), Orient Press (up 17.80 per cent), Linde India (up 17.25 per cent), Rathi Graphic (up 13.94 per

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F O: Nifty50 in consolidation mode; Vix shows upside capped
By Chandan Taparia

The Nifty50 index opened positive and remained rangebound for the most part of Friday’s session. It formed a Hammer candle on daily chart and a small-bodied candle on the weekly scale, which implied buying on declines. Followup action was missing on either side, as Nifty has been consolidating between 10,450 and 10,650 levels

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​Crude rally, rupee fall should halt in Samvat 2075: ETMarkets Poll
The domestic economy and markets danced to the tune of a falling rupee as well as soaring crude oil prices in the past two months.

But money managers on Dalal Street say the worst for the currency and crude is over for now. As if on cue, crude oil has already entered bear market globally amid rising supplies and weakening demand outlook.

The

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Hero MotoCorp shares extend rally as company unveils new premium motorcycle
Shares of Hero MotoCorp extended their rally to the third consecutive day on Friday after the company on Tuesday unveiled XPulse 200T in the premium motorcycle segment at the EICMA motorcycle show at Milan.

The scrip was trading 1.56 per cent up at Rs 2,935 in early trade at around 9.52 am (IST), while the BSE Sensex was down 146 points, or 0.42

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Sensex, Nifty end week with losses, Airtel tanks
Stock benchmarks had a hard landing on Friday, reflecting weak global leads, as the US Fed signalled a rate hike next month.

Throughout, the market was under the grip of volatility as participants were not sure which way to move.

The 30-share Sensex fell 79 points, or 0.22 per cent, to close at 35,158. The broader NSE Nifty lost 13 points, or 0.12

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Australia shares edge lower, weighed by Fed, miners; NZ up
Australian shares eased on Friday, tracking global declines after the US Federal Reserve affirmed its intention to continue raising rates and as softer metals prices and new state regulations weighed on mining stocks.

The S-P/ASX 200 index fell 0.11 per cent, or 6.4 points, to 5,921.8 at the close of trade but rose 1.24 per cent over the week,

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Smallcaps are down. Should you invest in smallcap schemes
Bears have taken a firm grip over small and mid-cap stocks. Toboot,the Nifty Smallcap 100 index has plunged nearly 27% this year after a nearly four year run-up in prices saw many small-cap stocks soaring. Despite the slide, fund houses seem to be placing faith in small-cap funds again, launching new schemes or reopening older ones for fresh
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