StockMarket

Axis Securities launches NCDEX commodity derivatives
Kolkata: Axis Securities on Wednesday announced the launch of trading in NCDEX commodity derivatives. After SEBI permitted bank subsidiaries to provide broking services in commodities derivatives, Axis Securities has became the first ever bank led broking entity to take membership of a commodity exchange.

India currently has an underdeveloped

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HDFC MFliquid fund witnesses huge inflows amid debt market crisis
Mumbai: The liquidity crunch in the wake of the IL-FS fiasco has resulted in money flowing into liquid schemes of large mutual funds owned by banks. HDFC Mutual Fund’s liquid scheme got roughly Rs 30,000 crore in October so far, said a top executive. This is about 50-60 per cent of the total flows of around Rs 60,000-70,000 crore into liquid f
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Tech view: Nifty forms Spinning Top-type pattern, may slip more
NEW DELHI: The bulls failed to push the Nifty50 above its immediate resistance at 10,290 on Tuesday, giving the bears a chance to regain lost ground. The index slipped below the 10,200 mark to form a small bearish candle, which resembled a Spinning Top on the daily chart.

During the session, the index respected the support around the 10,180 mark

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Tata Motors launches turnaround program to generate Rs 23,564 crore in 18 months
Tata Motors, India's largest automobile company by revenues posted a loss of Rs 1009 crore for the September ending quarter, hurt by the significant slide in Jaguar LandRovers' performance especially in China which pulled down the company's earnings.

As part of its focus on improving profitability and cash-flow, Jaguar Land Rover has launched two

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Tata teleservices narrows losses
KOLKATA: Tata Teleservices (Maharashtra) said its loss narrowed to Rs 383.06 crore in the quarter ended September from Rs 8,194.67 crore a year earlier when it took an impairment charge on its consumer mobile business assets. The impairment loss had been disclosed as an exceptional item.

The telecom arm of the Tata Group said Tuesday there had

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F O: Nifty50 in consolidation mood, VIX has to go below 17
By Chandan Taparia

The Nifty50 index opened positive but failed to continue its momentum in line with Monday’s session and witnessed a dip towards the 10,180 level.

It formed a small Spinning Candle and remained consolidative with limited upside for most part of the session. Recently, it took support near the psychologically important 10,000 mark

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NEW DELHI: A government move to assure RBI about its autonomy calmed the nerves of investors on Dalal Street on Wednesday, which helped lift benchmarks Sensex and Nifty with decent gains.

The market had developed cold feet in early trade, on reports of an aggravating spat between the government and central bank. Media reports indicated RBI

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Though the domestic market had a lacklustre session on Tuesday, it remained technically important and was more-or-less on the expected lines. The Nifty saw a shaky opening, scaled higher to mark the day’s high but then remained listless while paring gains and finally dipping into the red. There was volatility, but the market moved in a defined and
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Cognizant cuts top-end of full year guidance
BENGALURU: Cognizant narrowed its full-year growth guidance and cut the top end of its revenue expectations to $16.13 billion, a sharper cut than some analysts had expected.

The Teaneck, New Jersey-headquartered company now expects 2018 revenue of $16.09 billion to $16.13 billion. In August, the IT company had forecast full-year revenue of $16.05

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Tech view: Nifty50 forms long bullish candle; next stop 10,435
NEW DELHI: The Nifty50 staged a strong comeback on Wednesday to end trade at the day’s high point. The index continued to form higher highs and formed a long bullish candle on the daily chart. Going forward, the index could face strong resistance in the 10,435-50 range.

A long bull candle with long lower shadow suggests the emergence of strong

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Birla Corp Q2 profit surges to Rs 16.29 crore
Birla Corporation Ltd, the flagship company of the M P Birla Group, reported a consolidated net profit of Rs 16.29 crore for the second-quarter (Q2) ended September 30, 2018, as compared to Rs 1.46 crore profit in the corresponding year-ago period.

Company officials attributed the performance to volume growth and improved price realization in the

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TechM Q2 profit jumps 27% to Rs 1,064 crore, meets Street estimates
NEW DELHI: Tech Mahindra on Tuesday posted 27.29 per cent year-on-year (yoY) rise in net profit at Rs 1,064.33 crore for the quarter ended September 30. Analysts in an ETNow poll had estimated the profit figure at Rs 1,012.80 crore.

The IT major had reported Rs 836.15 crore profit in the corresponding quarter last year.

Consolidated revenue from

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Vedanta Q2 profit slumps 43% YoY to Rs 1,135 crore; firm announces Rs 17 dividend
Vedanta on Wednesday reported a 43 per cent drop in profit after tax (PAT) at Rs 1,135 crore for September quarter on lower interest income. Analysts in an ET NOW poll had estimated the profit figure at Rs 1,324 crore.

The company had posted Rs 1,990 crore profit in the corresponding quarter last year.

The board of the company announced an interim

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BoB Sept qtr profit grows 20% on retail show
State-owned lender Bank of Baroda on Tuesday reported a 19.7 per cent rise in net profit at Rs 425.4 crore for the September quarter on strong growth in retail banking.

In the same quarter a year ago, profit stood at Rs 355.4 crore, India's second-largest public bank by market capitalisation said in a regulatory filing.

An ETNow poll had earlier

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Share market update: Telecom stocks bullish; Reliance Communications surges above 7%
NEW DELHI: Telecom shares were trading in a positive terrain with the S-P BSE Telecom index was trading 0.68 per cent up at 973.15 around 02:33 pm on Tuesday.

Shares of Reliance Communications (up 7.40 per cent), Vindhya Telelinks (up 4.73 per cent), OnMobile Global (up 4.26 per cent) and Tejas Networks (up 4.07 per cent) were the top

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Tata Global Beverages Q2 net up 19% at Rs 184 cr
Mumbai: Tata Global Beverages, which sells tea brands like Tata Tea and Tetley, on Tuesday posted a 19.07 per cent year-on-year rise in consolidated group net profit at Rs 183.96 crore for the quarter ended September.

It had reported a net profit of Rs 154.49 crore in the year-ago period.

"The North India plantation has done well because of higher

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Macro dilemma: Government should raise revenue fast to tackle CAD worries
India’s macro factors have been under pressure during the first half of FY2019. Among currency, current account deficit and fiscal deficit, it may be worthwhile in the shorter term to focus on fiscal deficit.

From a currency perspective, the rupee may just be correcting to its fundamental level after a period of overvaluation. In fact, the rupee

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15 stocks that are likely to withstand market volatility15 stocks that are likely to withstand market volatility15 stocks that are likely to withstand market volatility
15 stocks that are likely to withstand market volatility
Samvat 2074 — the period from last Diwali to this — has been a tough year for investors with the stock market tumbling from their highs. In the past year, the Sensex has risen 2.5 per cent while BSE’s mid- and small-cap indices have declined 14 per cent and 21 per cent, respectively. Many smaller shares have fallen as much as 50-70 per cent from th
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Vakrangee profit plunges 99% YoY in Sept quarter
Vakrangee on Tuesday reported a sharp 98.97 per cent year-on-year fall in consolidated net profit at Rs 1.94 crore for the quarter ended September.

It had posted a net profit of Rs 189.80 crore in the same quarter last year.

Total income declined to Rs 320.06 crore in Q2 FY19 over Rs 1,554.65 crore in the same period last year. Total expenses

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Dena shares lose ground as Q2 net loss swells
Shares of Dena Bank pared early gains after net loss of the lender widened for the September quarter.

The loss swelled to Rs 416.70 crore for July-September as against net loss of Rs 185.02 crore in the same quarter last year.

Asset quality of the lender further deteriorated, with percentage of gross non-performing assets (NPAs) coming in at 23.64

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Here’s a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds.

Govt Uses Never-Used Powers to Direct RBI GuvThe government has invoked never-before-used powers under the RBI Act allowing it to issue directions to the central bank governor on matters of public interest, reports The

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Tech Mahindra Q2 show: Here are 5 key takeaways
Software services exporter Tech Mahindra on Tuesday posted 27.28 per cent year-on-year rise in net profit at Rs 1,064 crore for the quarter ended September.

It had posted a net profit of Rs 836 crore in the corresponding quarter last year. Sequentially, profit rose 18.54 per cent.

Consolidated total revenue increased 11.05 per cent YoY and 4.97

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Nikkei rises the most in 2-1/2 months on China bounce, bargain hunting
Japan's Nikkei rose on Tuesday as investors bought beaten-down cyclical stocks and firms which are raising profit forecasts, tempering fresh worries about US-China trade frictions.

The Nikkei share average ended 1.5 per cent higher at 21,457.29 points, posting the biggest daily gain since mid-August. It had opened lower following overnight

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Tata money market fund nav dips 5.94% on IL FS write-off
Mumbai: Tata Money Market Fund saw its net asset value dip as much as 5.94 per cent on October 29 after the fund wrote off the balance 50 per cent of its investment in the commercial paper of IL-FS which was to mature on October 29.

“Since we did not receive maturity proceeds on October 29, we have made 100 per cent provision against the I

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After Market: Overbought, oversold stocks; SBI-s rebound sugar rally
NEW DELHI: Renewed trade tensions between the US and China, sustained selling by foreign portfolio investors and losses in frontline heavyweights like Reliance Industries, HDFC twins and ITC caused domestic market settle in the red on Tuesday.

Equity benchmark Sensex fell 176 points, or 0.52 per cent, to settle at 33,891, while Nifty finished at

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China shares rise after regulator pledges to enhance liquidity
Shares in China rebounded on Tuesday after securities regulator pledged to enhance market liquidity, but comments from U.S. President Donald Trump that new tariffs on China are "waiting to go if we can't make a deal" underscored market uncertainty over trade.

The CSI300 index ended 1.1 per cent higher at 3,110.26 points after falling 3 per cent on

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As thousands of crores come up for redemption, senior officials of close to 20 large non-banking finance companies (NBFCs) and housing finance firms met in Mumbai this week to figure out the road ahead.

They fear that another default or failure to roll over commercial paper (CP) — a money market instrument to raise short-term funds — could once aga

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Trade war fears, Q2 caution drag market down
Markets saw a correction today as caution over upcoming quarterly results along with worsening Sino-US trade war hit mood hard.

Some amount of profit booking was also at play.

The BSE Sensex closed down 176.27 points, or 0.52 per cent, at 33,891 while its NSE counterpart Nifty fell 52.45 points, or 0.51 per cent, at 10,198.

Of the Sensex 30-stock

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Buy UPL, target Rs 780: JM Financial
JM Financial has a buy call on UPL with a target price of Rs 780.

The current market price of UPL is Rs 639.70.

Time period given by the analyst is year when UPL price can reach the defined target.

View of the brokerage on the companyOne-off expenses impact PAT: (i) UPL had a one-off cost of Rs 200mn for LATAM restructuring - loss on dilution

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