StockMarket

Bajaj Electricals Q2 jumps 80% to Rs 34 crore
Mumbai: Consumer durables firm Bajaj Electricals Thursday posted a 79.56 per cent year-on-year jump in standalone net profit at Rs 34.08 crore for the second quarter ended September.

It had reported a net profit of Rs 18.98 crore in the corresponding quarter last fiscal.

Total income increased to Rs 1,604.20 crore during the quarter under review,

Details
Category: Stock Market

Write comment (91 Comments)

Share market update: Realty stocks bullish; Indiabulls Real Estate rises 5%
NEW DELHI: Realty shares were trading in the green with the Nifty Realty index trading 1.61 per cent up at 218.35 around 11:08 am on Thursday.

Shares of Indiabulls Real Estate (up 4.94 per cent), Brigade Enterprises (up 3 per cent), Unitech (up 2.33 per cent), Oberoi Realty (up 2.01 per cent) were the top gainers in the index.

DLF (up 1.79 per

Details
Category: Stock Market

Write comment (90 Comments)

L T leaves FY19 growth, order guidance unchanged
Larsen - Toubro beat street estimate in the second quarter of 2018-19 with robust order inflow and a strong pick up in execution, but the company left its growth guidance for the fiscal unchanged, cautioning that the pick up may not be the norm and the environment continues to be challenging.

The engineering major reported consolidated net

Details
Category: Stock Market

Write comment (100 Comments)

Govt's 3% share sale in Coal India oversubscribed; to fetch Rs 5,000 crore
New Delhi: The government's 3 per cent stake sale in Coal India got over-subscribed Thursday, which will fetch at least Rs 5,000 crore to the exchequer.

Bidding opened for retail buyers on Thursday-- which was the second day of the two-day OFS-- during which small investors put in bids for over 4.23 crore shares or 1.07 times the shares reserved

Details
Category: Stock Market

Write comment (93 Comments)

Brokerages bullish on L T post Q2 results; should you buy
Brokerages maintained their bullish stance on Larsen - Toubro (L-T) after the company reported a 28 per cent year-on-year rise in consolidated net profit for the quarter ended September on strong order inflows.

The figure read Rs 2,593 crore as against a profit of Rs 2,020 crore in the year-ago quarter.

Global brokerage firm CLSA

Details
Category: Stock Market

Write comment (97 Comments)

After making a positive start on Wednesday, Indian stock market witnessed a sharp selloff amid high volatility. At one point, the NSE benchmark Nifty tested its key supports.

However, the index later made a remarkable comeback and ended the day with a gain of 188.20 points or 1.85 per cent.

For Thursday’s session, traders need to keep two things i

Details
Category: Stock Market

Write comment (94 Comments)

ArcelorMittal Q3 net income declines 25% to $0.9 billion
New Delhi: The world's largest steel maker ArcelorMittal Thursday reported 25 per cent decline in net income at USD 0.9 billion for the quarter ended September 30.

The company had posted net income of USD 1.2 billion in the year-ago period, the firm said in a statement.

The company reported "net income of USD 0.9 billion in 3Q 2018 as compared to

Details
Category: Stock Market

Write comment (92 Comments)

Share market update: Nifty Pharma index trades flat; Piramal Enterprises up 2%
NEW DELHI:The Nifty Pharma was trading 0.31 per cent down at 9,726.9 around 10:55 am on Thursday with most of its components trading in the green.

Shares of Piramal Enterprises (up 1.83 per cent), Glenmark Pharmaceuticals (up 1.05 per cent) and Cadila Healthcare (up 0.79 per cent) were among the top performers.

Aurobindo Pharma (up 0.39 per

Details
Category: Stock Market

Write comment (92 Comments)

Institutional buyers offer bids worth Rs 4,300 crore for Coal India shares
In the first big ticket disinvestment of the current fiscal — Coal India share sale kicked off for a smooth sail Wednesday as institutional investors put in bids worth Rs 4,300 crore and over-subscribed the shares reserved for them.

Of the 14.89 crore share on offer, institutional investors put in bids for 15.84 crore shares or 1.06 times the

Details
Category: Stock Market

Write comment (97 Comments)

NEW DELHI: Ever wondered which stock is Dalal Street’s equivalent of Virat Kohli (the most consistent) or Lewis Hamilton (the fastest) in terms of wealth creation

Just like run-machine Virat Kohli’s current form has earned him ‘Mr Consistent’ tag among his fans, shares of Titan Company have earned this tag with a 33 per cent price growth CAGR

Details
Category: Stock Market

Write comment (90 Comments)

Share market update: Bank shares trade higher; YES Bank surges around 8%
NEW DELHI: Bank shares were trading in the green with the Nifty Bank index trading 0.59 per cent up at 25,301.15 around 10:45 am on Thursday.

Shares of YES Bank (up 7.47 per cent), State Bank of India (up 2.24 per cent), RBL Bank (up 1.69 per cent) and Punjab National Bank (up 1.29 per cent), were among the top performers.

Axis Bank (up 0.84 per

Details
Category: Stock Market

Write comment (99 Comments)

Wall Street gets lift from strong earnings at end of rough month
The S-P 500 and the Nasdaq were on track to post their first two-day gain this month on Wednesday, as Facebook led a slew of encouraging earnings reports that boosted sentiment at the end of a tumultuous October for global markets.

Shares of Facebook Inc jumped 6.2 percent after the social media giant eased investor concerns by forecasting

Details
Category: Stock Market

Write comment (96 Comments)

By Andy Mukherjee

The $12.8 billion bankruptcy of shadow lender Infrastructure Leasing - Financial Services Ltd. is starting to offer a glimmer of hope.

It’s about time. Unexpected defaults by the financier, owner, and operator of Indian infrastructure assets have caused a liquidity squeeze, which has brought strained relations between the g

Details
Category: Stock Market

Write comment (100 Comments)

L T shares surge 6% post upbeat Q2 results
NEW DELHI: Shares of construction - engineering firm Larsen - Toubro (L-T) surged over 6 per cent in morning deals on Thursday, buoyed by better-than-expected September quarter results.The company on Wednesday reported a 22.53 per cent year-on-year rise in profit at Rs 2,230 crore in Q2FY19 over Rs 1,819.88 crore in Q2FY18. Analysts in
Details
Category: Stock Market

Write comment (92 Comments)

Union KBC AMC, CEO settle case with Sebi on payment of over Rs 50 lakh
Union KBC Asset Management Company, its chief executive G Pradeepkumar and two others on Wednesday settled proceedings with Sebi in connection with alleged violation of mutual fund norms after paying over Rs 50 lakh towards settlement fee.

Sebi agreed to settle proposed adjudication proceedings in the case, pertaining to violation of the mutual

Details
Category: Stock Market

Write comment (93 Comments)

HDFC Q2 profit jumps 25% YoY to Rs 2,467 crore, misses Street estimates
HDFC on Thursday posted a 24.71 per cent year-on-year (YoY) rise in profit at Rs 2,467 crore for the quarter ended September 30. The mortgage lender had posted a profit of Rs 1,978.19 crore in the corresponding quarter last year.

Analysts in an ET Now poll had estimated the profit figure at Rs 2,550 crore.

Profit on sale of investments stood at Rs

Details
Category: Stock Market

Write comment (94 Comments)

The Great Indian equity sale is on: 25 stocks to buy this Diwali
Where are you shopping this festive season Both e-commerce websites and Dalal Street are offering jaw-dropping prices. So, the choice is between buying products that may not last long and picking up a few stocks that may throw up big returns in a few months from now.

Market experts say the Indian market is largely done with the current phase of

Details
Category: Stock Market

Write comment (91 Comments)

Apple India profit zooms 140% to Rs 896 crore in FY18
Tech giant Apple's India unit registered 140 per cent jump in its net profit at Rs 896.3 crore for the fiscal ended March 2018, as per regulatory documents filed by the company.

The iPhone maker, which competes with the likes of OnePlus and Samsung in the premium smartphone category in India, had registered net profit of Rs 373.3 crore in 2016-17,

Details
Category: Stock Market

Write comment (100 Comments)

By Jayesh Khilnani

The domestic equity market had its worst October since 2012, with Nifty50 declining over 5 per cent. From a global context though, the 50-pack still had a relative outperformance. That’s because other indices like the Nikkei and Kospi declined over 10 per cent each while Hang Seng and Nasdaq lost over 9 per cent during the same p

Details
Category: Stock Market

Write comment (98 Comments)

HDFC Q2 results today: Here's what to watch
NEW DELHI: HDFC, India’s largest mortgage lender, will announce its September quarter results on Thursday.

Experts believe that the performance of retail loans and the agri portfolio, trends in digital banking payments and balance sheet growth outlook will be the key monitorables.

Brokerage Sharekhan expects the lender to report 30.5 per cent

Details
Category: Stock Market

Write comment (95 Comments)

Sebi bans Shrivallis Securities from capital markets
Sebi has barred Cuttack-based Shrivallis Securities, its seven directors and promoters from dealing in capital markets till further orders after finding a "prima facie" violation of public issue norms by the company.

Besides, the market regulator directed the firm not to dispose of their assets or divert funds raised from the public through offer

Details
Category: Stock Market

Write comment (93 Comments)

Top intraday trading ideas for afternoon trade for Thursday 1 November 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were trading in rangebound fashion around 11:24 am on Thursday.

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 expertRaymond is a 'Buy' call with a target price of Rs 825 and a stop

Details
Category: Stock Market

Write comment (100 Comments)

Deutsche Boerse launches EEX Asia in Singapore to grow in Asian commodity markets
SINGAPORE: German exchange group Deutsche Boerse is revamping its Asian business with the launch of its European Energy Exchange (EEX) in Singapore, looking to boost its business in the world's fastest growing commodity markets.

Deutsche Boerse , which has global ambitions for EEX, said it would rebrand its Singapore-based subsidiary Cleartrade

Details
Category: Stock Market

Write comment (92 Comments)

HPCL continues to not recognise ONGC as its promoter
New Delhi: Oil Minister Dharmendra Pradhan's assertion notwithstanding, oil refiner Hindustan Petroleum Corp Ltd (HPCL) continues not to recognise ONGC, its majority owner, as its promoter company.

In a filing to stock exchanges on the company's shareholding pattern as of the end of September, HPCL continues to list "President of India" as its

Details
Category: Stock Market

Write comment (99 Comments)

Share market update: Auto shares trade mixed; Tata Motors up 2%
NEW DELHI: Auto shares were trading mixed with the Nifty Auto index trading 0.02 per cent down at 8,818.9 around 11:48 am on Thursday.

Shares of Tata Motors (up 2.15 per cent), Tata Motors (DVR) (up 1.74 per cent), Bosch (up 1.27 per cent) and Maruti Suzuki India (up 1.06 per cent) were the top gainers in the index.

Maruti Suzuki India reported

Details
Category: Stock Market

Write comment (100 Comments)

Share market update: IT shares trade in the red; HCL Tech down 3%
NEW DELHI: The Nifty IT index was trading 1.62 per cent down at 14,697.35 around 10:30 am on Thursday with most of its components trading in the red.

Shares of HCL Technologies (down 2.88 per cent), Tech Mahindra (down 2.41 per cent), Oracle Financial Services Software (down 1.90 per cent) and Wipro (down 1.49 per cent) were among the worst

Details
Category: Stock Market

Write comment (96 Comments)

LIC seeks CCI nod for IDBI Bank deal
Insurance behemoth LIC has sought the Competition Commission's nod for its acquisition of majority stake in state-owned IDBI Bank.

A listed entity, IDBI Bank is grappling with mounting toxic loans with gross non-performing assets rising to about about Rs 57,807 crore at the end of the June quarter. During the three months ended June, the lender's

Details
Category: Stock Market

Write comment (96 Comments)

Dabur drops 3% on lacklustre Q2 numbers
NEW DELHI: Shares of consumer goods maker Dabur India slipped into the red on Thursday after the company reported a tepid growth for the September quarter. Dabur India reported a 4 per cent increase in net profit for the second quarter and an 8 per cent growth in total revenue following muted growth in beverages, currency headwinds and the
Details
Category: Stock Market

Write comment (96 Comments)

Birthday blues for bitcoin as investors face year-on-year loss
LONDON: Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year's bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.

By 1300 GMT, bitcoin was trading at $6,263 on the BitStamp exchange, leaving investors who had

Details
Category: Stock Market

Write comment (97 Comments)

Vedanta profit falls on low interest income
Mumbai: Natural resources major Vedanta reported a 43% decline in net profit for the quarter ending September, 2018, falling short of estimates , primarily on account of lower interest income, the company announced on Wednesday.

In what is a seasonally weak quarter, net profit fell by 43% y-o-y at Rs 1,135 crore, trailing behind Bloomberg

Details
Category: Stock Market

Write comment (94 Comments)