StockMarket

10 top losers of Friday's morning session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 89.16 points down at 35,148.52 on Friday in early trade on account of selling in frontline bluechip counters.

Shares of Phyto Chem (down 16.15 per cent), Hindusthan Urban Infrastructure (down 15.95 per cent), Arrow Textiles (down 11.63 per cent), Sky Industries (down 10.84 per cent),

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Don&t fight your creditors, Mr Trump: Finkwarning
BlackRock Chief Executive Officer Larry Fink issued a stark warning to US President Donald Trump: don’t fight your creditors.

Fink said a gaping fiscal deficit will depend on the US economy holding up. Without solid growth, the US will end up with more debt and a higher risk premium.

“The problem is we are living with a deficit that is very large.

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Ashoka Buildcon surprises Street with pickup in execution
One key variable analysts have been tracking at infrastructure firms that are also into construction is the pace of execution of the order book. Bagging orders doesn’t mean much if they don’t result in sales. Hence, pace of execution is the crucial determinant in assigning valuations to infrastructure companies.

Ashoka Buildcon’s performance in t

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ETMarkets.com|

Nov 09, 2018, 09.46 AM IST

9E068870-6CB3-47C4-9C6D-F8A524657537'Baa3' is the lowest investment-grade bond ratings, and any downgrade would put the rating in speculative grade.
Shares of Bharti Airtel slipped over 5 per cent in early trade on Friday after Moody's Investors Service placed the telecom major’s rating on review for downgrade, following low levels of p
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Yellen leads global concern over risks to world economy
The world economy faces risks ranging from surging non-financial corporate debt to US fights with creditors and the potential for a new global dividing line.

Those concerns dominated the second day of the Bloomberg New Economy Forum in Singapore on Wednesday, where former Federal Reserve Chair Janet Yellen warned the US might struggle to cope with

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BOJ debated room for future tweaks to easy policy in October
TOKYO: Bank of Japan policymakers last month debated the feasibility of making further tweaks to their ultra-loose monetary framework, with one member arguing that capping bond yields around zero could be counter-productive, a summary of opinions at the rate review showed on Thursday.

At the October meeting, the BOJ cut its inflation forecasts and

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Sugar stocks up 5% as India plans exports to China
Most of the sugar stocks were trading in the green in the morning trade on Friday around 09:45 am. The stocks surged on news that after a decade, India will next year resume exporting raw sugar to China as it eyes overseas markets to shed surplus stocks that have muted prices and created financial distress in mills.

Shares of Ugar Sugar Works (up

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Asiapain in dollar bond market weighs on large issuances
In Asia’s struggling dollar bond market, a trend toward smaller issuance sizes has big implications.

Even as the total number of offerings this year remains roughly the same as in 2017, the deal count worth $1 billion or more has almost halved. As well as the headache that it creates for companies with super-sized funding needs, smaller issues

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By Pavan BurugulaHigher dividend yields, buybacks and good numbers for the September quarter are pushing investors towards public sector undertaking (PSU) stocks to side step volatility of the broader markets. The BSE PSU index has fallen only 2 per cent since September 21 when the market correction began against the benchmark Sensex, which lost
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Sensex down over 200 points, Nifty50 tests 10,550; Airtel drops 4%
The benchmark equity indices BSE Sensex and NSE Nifty plunged over 0.50 per cent in early trade on Friday after opening on a flat note tracking weak global cues.

The 30-share Sensex dipped over 225 points to 35,011.23, while the 50-share Nifty index lost as much as 54 points to 10,544.85.

As many as 29 stocks were trading in the red with Bharti

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Firepower for US stocks may lose spark as Democrats gain clout
The US stock market may be facing the remainder of Donald Trump’s presidential term with the prospect of less juice to supercharge it.

Stock returns have been fueled the past year by Trump’s corporate tax cuts, which have pumped up profits. Yet, any hope of further fiscal stimulus in the form of more tax cuts faded with the results of Tuesday’s con

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Samvat 2075 opens with a bang, Sensex up 246 points
MUMBAI: Shares recorded the highest Muhurat day gains in 10 years on Wednesday as falling oil prices and a stabler rupee comforted investors rattled by steep losses in September and October. The Sensex gained 246 points, or 0.7 per cent, to end at 35,237.68, while the Nifty closed at 10,598, up 68 points, or 0.65 per cent.

This is the Sensex’s b

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Share market update: Oil Gas shares trade mixed; HPCL up 2%
NEW DELHI: The S-P BSE Oil - Gas index was trading 0.35 per cent up at 13,567.39 around 09:27 am with its components trading on a mixed note.

Shares of Hindustan Petroleum Corporation (up 2.18 per cent) , Indian Oil Corporation (up 1.87 per cent) , Bharat Petroleum Corporation (up 1.57 per cent) and Petronet LNG (up 0.53 per cent) were

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The most vulnerable emerging market of them all is still Turkey
By Dana El BaltajiThe turnaround in sentiment toward Turkey’s assets since September has done nothing to alter the economic fundamentals that make it the most exposed emerging market to external shocks, according to Bloomberg Economics.

Inflation is the highest among peers after Argentina, well above the central bank’s target, and its projected c

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Muhurat trading: History says D-Street might just give you a Diwali surprise
NEW DELHI: BSE and NSE will conduct the once-in-a-year Muhurat trading on Wednesday from 5.15 pm to 6.30 pm. In this session, whose timings are decided based on planetary positions, traders retain the age-old tradition of executing trades on Diwali, which is also the first day of the Hindu accounting calendar, Samvat, as it is deemed auspicious to
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Tencent slashes game marketing budget amid slowdown
Hong Kong: Tencent Holdings is cutting the marketing budget of its gaming division as the business suffers through regulatory disruptions and a slowdown in the Chinese economy, according to an internal memo seen by Bloomberg.

China’s largest gaming company is asking marketing executives to control their cash flow and curtail spending to “endure the

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Strong asset quality, cheap valuations make Indostar attractive
The stock of Indostar Capital, a mid-cap nonbanking financial company (NBFC), has nearly halved from its IPO listing price of Rs 600 on May 21 following liquidity crunch in the banking system and rising concerns over the asset quality of the sector.

The stock is now available at a pricebook (P/B) multiple of one, which looks attractive given the

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S P 500 futures drop as US election results trickle in
SAN FRANCISCO: S-P 500 e-mini futures fell 0.3 percent on Tuesday as US election results began to trickle in, with Democrats picking up a House of Representatives seat in Virginia, according to projections from media outlets and data provider DDHQ.

The drop in the futures suggests some traders believe Wall Street could open weaker in

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China has more distressed corporate debt than all other emerging markets
London: In the span of just 11 months, China went from having no distressed dollar-denominated corporate bonds to having more than any other emerging market.

The world’s second-biggest economy has 15 bonds whose option-adjusted spreads over US Treasuries were above 1,000 basis points as of November 6, according to a Bloomberg Barclays index.

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US Fed's policy decision hours away; Growth risks seen as roughly balanced
NEW DELHI: The US Federal Reserve is all set to announce its decision at the end of its two-day policy review on Thursday, possibly leaving the funds rate constant at 2-2.5 per cent.

Experts expect the Fed to largely maintain its upbeat tone on the economy while it may suggest risks to growth and inflation as balanced.

There will be no new

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Nifty continued to consolidate for the second day in a row on Tuesday, as it oscillated in a capped range before ending the session flat. After opening on a positive note and maintaining modest gains for the most part of the session, the index slipped into the red and spent the last hour and a half trading around the previous close. Nifty finally
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Even as the US central bank continues on its rate-hike path, the risk of capital flight from developing nation assets has diminished, money managers from Bank of America Merrill Lynch to JPMorgan Chase say. That view is backed by history, which shows emerging markets remain resilient to Fed tightening as long as it’s orderly and well-communicated.

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Stock investors are watching these 6 sectors after midterms
By Felice Maranz

Equity investors are eyeing six key sectors after the midterm elections resulted in the Democrats seizing control of the House of Representatives, while Republicans maintained control of the Senate..

While S-P 500 futures edged higher, here are the sectors most likely to see moves:

• Pharmaceutical and biotechnology stocks may g

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US President Donald Trump has taken credit for the stock market's gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment.

The S-P 500 has risen 28 percent since Trump's election in November 2016 to the eve of congressional midterm

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Buy Jindal Steel Power, target Rs 196: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Jindal Steel - Power Ltd. with a target price of Rs 196. The current market price of Jindal Steel - Power Ltd. is Rs 184.35 Time period given by the analyst is Intra Day when Jindal Steel - Power Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs
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Election shows that US divisions are only growing wider
By Ramesh Ponnuru

Divided government has been the American norm over the last 50 years. It has been our condition 70 per cent of the time, and voters have ended every period of unified party control of both Congress and the White House after at most four years.

In that respect, we just had a very normal election. Voters experienced two years of

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PSBs will need fresh capital of Rs 1.2 lakh crore: Crisil
Public sector banks will require fresh equity infusion of Rs 1.2 lakh crore in the next five months, ratings firm Crisil said, pointing to a need for more money than earlier envisaged.

Crisil’s latest estimate on fresh capital is Rs 21,000 crore more than what was envisaged under the government’s recapitalisation plan, announced in October 2017, to

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Oil set for longest losing run since 2014 as supply fears ease
Oil rose as Opec and its allies were said to plan discussions about fresh production cuts next year, responding to recent increases in oil inventories amid surging US supply.

Futures in New York gained 1 per cent. Ministers from the Organization of Petroleum Exporting Countries gathering in Abu Dhabi this weekend will discuss options for 2019

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Asia cheered by post-election Wall Street rally, dollar bounces
TOKYO: Asian stocks rose to a one-month peak on Thursday as investors, relieved to have moved past the US midterm elections without any major political surprises, drove a Wall Street rally, while the dollar bounced and pulled away from 2-1/2-week lows.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent.

Hong Kong's Hang

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ET Intelligence Group: Improving volume visibility beyond its traditional markets and strong pricing power should continue to draw investors to India’s leading city gas company, Indraprastha Gas.

To be sure, the stock is relatively expensive. It is trading at 23 times its next twelve-month earnings, a premium of 31 per cent over its five-year

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