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Buy Ceat, target Rs 1,455: Elara Capital
Elara Capital has a buy call on Ceat with a target price of Rs 1,455.

The current market price of Ceat is Rs 1,136.20.

Time period given by the brokerage is one year when Ceat price can reach the defined target.

View of the brokerage on the companyRevenue above est led by 12.4 Rs YoY growth in volumes: Ceat standalone EBIDTA declined 14 Rs YoY to

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10 top gainers of Tuesday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 67.29 points up at 34,134.69 on Tuesday at around 10:40 am on account of buying in frontline bluechip counters.

Shares of Prime Urban Development (up 17.59 per cent), Beryl Drugs (up 15.61 per cent), Amrutanjan Health (up 13.83 per cent), Mangalam Industrial (up 13.64 per cent),

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F O: Nifty negates lower highs lows, but Vix is still very high
By Chandan TapariaThe Nifty50 opened positive on Monday and witnessed sustained buying interest till the end of session to end at 10,251. It negated the formation of lower highs and lows of last three sessions and gained around 220 points. It formed a bullish candle at the crucial support of psychologically important 10,000 mark and managed to
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Buy Heidelberg Cement India, target Rs 165: ICICI Direct
ICICI Direct has a buy call on Heidelberg Cement India with a target price of Rs 165.

The current market price of Heidelberg Cement India is Rs 142.50.

Time period given by the brokerage is one year when Heidelberg Cement India price can reach the defined target.

View of the brokerage on the company:Limited capacity addition in central region to

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After years of global success, Reliance Industries faces oil shock at home
SINGAPORE/NEW DELHI: Reliance Industries, currently India's second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market.

Reliance's refineries processed crude from the nearby Middle East and sold fuel to fast-growing markets in North Asia including China, Japan, South

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Sundram Fasteners Q2 profit rises 22% YoY to Rs 110 crore
Sundram Fasteners, part of the $7.2 billion TVS group, on Monday reported 21.9 per cent rise in standalone profit to Rs 110.22 crore for September quarter against Rs 90.43 crore in the previous year.

The company logged revenue from operations of Rs 1,001.61 crore for the quarter ended September 30 against Rs 818.45 crore last year, an increase of

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Hold V-Guard Industries, target Rs 168: ICICI Direct
ICICI Direct has a hold call on V-Guard Industries with a target price of Rs 168.

The current market price of V-Guard Industries is Rs 182.70.

Time period given by the brokerage is one year when V-Guard Industries price can reach the defined target.

View of the brokerage on the companySlow demand recovery of flagship products: Though the revision

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Central banks no longer cushion economies and markets
By Mohamed A. EL-Erian

If governments, companies and markets needed any further reminders that their operating environment is changing, they got it last week. Despite weakening economic momentum and volatile financial markets, a second systemically important central bank, the European Central Bank, reiterated its intention to stop using large

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Tata Power to raise up to Rs 5,500 crore via NCDs
New Delhi: Tata Power Monday said its Board has approved plan to raise up to Rs 5,500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

"The board has approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures up to an

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Sugar stocks rally up to 10% as ISMA cuts output estimate
NEW DELHI: Shares of sugar manufacturers jumped up to 10 per cent in Tuesday's trade after the industry body ISMA said sugar output may fall by 3 per cent to 31.5 million tonnes (mt) in the current marketing year due to untimely rains and pest attacks on cane crop.

Data showed Dhampur Sugar zoomed 10 per cent to Rs 171.15. Magadh Sugar surged 5

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The Nifty50 finally saw the much overdue technical pullback and a relief rally, which sustained throughout Monday’s session, which only got stronger as the day progressed. After a tentative and modestly positive start, the market saw an across-the-board rally and ended the day on a strong note.

Capture

The benchmark Nifty50 ended the day with robust gain

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Colgate-Palmolive India Q2 profit up 10% to Rs 196 crore
FMCG major Colgate-Palmolive India Ltd (CPIL) Monday reported 10.58 per cent rise in net profit at Rs 196.37 crore for the quarter ended September 30, 2018.

The company had posted a net profit of Rs 177.57 crore in the July-September quarter last year, CPIL said in a BSE filing.

Net sales during the quarter under review were up 7.66 per cent to Rs

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NEW DELHI: The weak momentum in the market is making investors jittery. While crude prices have come off a bit, a depreciating rupee has intensified foreign outflows, which is taking a toll on investor sentiment back home. Corporate earnings, too, have been anything but inspiring.

The only silver lining is that Nifty50 is defending the 10,000 mark

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Limit Lankan pepper imported under Safta, says trade body
Kochi: The consortium of pepper traders and growers has appealed to the Centre to limit the quantity of pepper that can be imported under the South Asian Free Trade Agreement (Safta) from Sri Lanka at a concessional duty of 8 per cent at 2,500 tonnes.

India earlier this year had imposed a minimum import price of Rs 500 per kg on pepper to protect

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RBI may cut CRR by 1% in Dec if FPI flows don't revive: BofAML
Mumbai: Bank of America Merrill Lynch (BofAML) Monday said the RBI is likely to reduce the cash reserve ratio (CRR), or the amount of bank deposits parked with the central bank, by one percentage point in December, if the portfolio flows do not revive.

Such a move will release $15 billion of liquidity into the system, which is undergoing through a

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Share market update: Nifty PSU Bank index trades in the green; Indian Bank surges 8%
NEW DELHI: The Nifty PSU Bank index was trading 2.84 per cent up at 2,857.35 around 11:10 am on Tuesday with all its components trading in the green.

Shares of Indian Bank (up 8.24 per cent), Oriental Bank of Commerce (up 7.91 per cent), Union Bank of India (up 6.10 per cent) and Bank of India (up 4.32 per cent) were the top gainers in the index.

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Auto stocks on an upward trajectory; Tata Motors, M M jump 2%
NEW DELHI: Shares of Tata Motors, Mahindra - Mahindra, Ashok Leyland, Motherson Sumi Systems and Maruti Suzuki were trading with gains in early trade on Tuesday amid reports that China was considering cutting vehicle sales tax to boost demand.

China is considering a tax cut to revive its flagging automotive market, lending support to a key

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Will the market find its bottom in the near term or continue to slide further Nifty’s historical chart can give some perspective.

Nifty’s daily chart shows two tops in 2018 — first on January 29, when the 50-share index had closed at 11,130, and the second on August 28, when it settled at 11,738.

At the very start of 2018, the market witnessed a

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Borrowing cost may fall with sliding bond yields
MUMBAI: Cost of borrowing in India should fall across the board, tracking the recent slide in government bond yields, with the latest debt purchases by the central bank and softening prices of crude oil set to lower the broader market rates.

NBFCs that have recently battled a funds crunch should also benefit. The RBI decided to purchase government

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RBI halts small bank promoters& reverse merger plans
Kolkata: Promoters of Equitas Small Finance Bank and Ujjivan Small Finance Bank have been exploring a reverse merger of their holding companies with the banks, but last week’s RBI order has put a stop to this possibility.

The central bank said the banks have to be listed within three years, without fail.

“We had requested the regulator to give p

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Sensex surges 718 points, Nifty reclaims 10,250; key factors behind the market rally
NEW DELHI: An across the board buying pitchforked stock barometer Sensex by over 700 points today, led by pharma, FMCG, financials and IT.

During the day, the gauge even rallied by more than 800 points. The turnaround came after two straight sessions of losses.

The NSE Nifty closed firm, up 221 points, at 10,251 while the BSE Sensex rallied 718

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Commodity brokers, clients may face Sebi action for violations
MUMBAI: The Securities and Exchange Board of India (SEBI) could initiate action against top commodity brokers and their clients for allegedly violating position limits in the guar futures complex — guarseed and guargum, a derivative of the former used in oil well drilling — more than six years ago.

NCDEX, which specialises in agri futures trading,

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Sensex drops 100 points, Nifty50 tests 10,200; Tata Motors gains 2%
NEW DELHI: Benchmark stock indices opened on a weak note on Tuesday as concerns over US-Sino trade war re-emerged. The worries dragged US stocks down 1 per cent overnight, which dented sentiment globally.

At 9.20 am, the BSE Sensex was trading 25.59 points, or 0.08 per cent lower at 3,4041.81. The index fell over 100 points in early trade. Nift5o

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European shares in tentative rebound after sell-off, HSBC shines
LONDON: European shares, set for their worst monthly performance since August 2015, opened in positive territory on Monday in a tentative rebound from a sell-off which has pushed them to a level not seen since December 2016.

At 0821 GMT, the pan-European STOXX 600 was up 0.5 per cent with most bourses firmly in the black but the opening of the

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10 top losers of Tuesday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 34.96 points up at 34,102.36 on Tuesday on account of buying in frontline bluechip counters.

Shares of CESC (down 21.93 per cent), Authum Investment - Infrastructure (down 18.18 per cent), Swarnsarita Gems (down 10.72 per cent), Genus Paper - Boards (down 10.11 per cent),

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Early Diwali on D-Street: Equity investors make Rs 3L cr in a day
NEW DELHI: Monday brought back cheers to Dalal Street!

It almost felt like an early Diwali as all key sectors, be it banks, pharma, IT and metal saw fireworks, so to say.

Market cheered RBI’s plan to buy Rs 40,000 crore worth of government bonds via open-market operations in November.

It offered relief to investors who were nervous about liquidity

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Tata Power Q2 profit soars 88% YoY to Rs 336 crore
Tata Power posted an 88.46 per cent surge in second-quarter profit on Monday, underpinned by higher revenue from its power business.

Net profit came in at Rs 336 crore ($42.65 million) for the quarter ended Sept. 30, up from Rs 178 crore a year earlier, the power generator and distributor said.

Revenue from operations rose 6.7 per cent to Rs 7,333

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LIC Housing Finance defers plan to raise funds
MUMBAI: LIC Housing Finance Monday deferred its plan to raise up to Rs 1,500 crore through nonconvertible debentures (NCD) because of higher rates — in excess of 9.35 per cent. The housing finance company now plans to raise the funds later this week.

Since October, the company has raisedRs 3,000 crore through NCDs on an average rate of 9.12 per

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Tech View: Nifty forms long bullish candle, has to take out 10,290 first
NEW DELHI: The Nifty50 staged a smart rebound on Monday to settle above the 10,250 mark, forming a long bullish candle on the daily chart. Analysts are cautiously optimistic, as they feel the index needs to take out the 10,290 level first to instil confidence in the market.

There is a possibility that the index can form an ‘Expanded Flat’ str

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Vijaya Bank Q2 profit falls 24 % to Rs 140 crore
NEW DELHI: State-owned Vijaya Bank Monday reported 24.54 per cent fall in net profit at Rs 139.94 crore for the quarter ended September 30, 2018. The bank had registered a net profit of Rs 185.46 crore in the corresponding quarter last year.

Total income of the bank stood at Rs 3,931.36 crore for the reported quarter, up 12.28 per cent from Rs

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