StockMarket

The week in 10 stocks: Maruti, Indigo, YES Bank, Ujjivan had a tough time
Stocks had to put up with losses for the second straight week as Sensex and Nifty settled below the crucial 33,400 and 10,050 marks, respectively, on Friday.

The domestic equity indices caught the flu as global shares sneezed. Trouble brewed on the geopolitical front involving Saudi Arabia and the US. Even economic concerns in Italy added to the

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Google, Amazon suffer market setbacks on sales outlook
San Francisco: Internet titans Google and Amazon came under an investor cloud after posting disappointing sales updates, with the search leader also on the defensive for reportedly hushing up sexual misconduct.

Two of the world’s most valuable companies suffered slides in their share prices after releasing their quarterly earnings, declines that f

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Equitas Holdings, Ujjivan Financial test 52-week lows
NEW DELHI: Shares of Equitas Holdings and Ujjivan Financial Services dropped to 52-week lows on the BSE on Friday after the RBI issued directives to them on compliance of rules for listing their small finance banks.

The Reserve Bank has asked both companies to comply with guidelines and list their small finance banks within three years of

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BY DK AggarwalDK-snip-100Globally, stock markets are going through a rough patch due to trade tensions from the US-China trade war, rising interest rates, tensions in the European Union over the Italian fiscal standoff and Brexit and other factors.

There is a concern among investors that higher interest rates would bring on tighter financial conditions, and

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Markets slip again on global cues, hit over 6-month low
The stock market tumbled again on Friday, mirroring the selloff in Asian shares, which hit a 20-month low after the overnight fall on Wall Street. The Sensex and Nifty closed at a 6 1/2 -month low dragged down by lenders led by Yes Bank after its second quarter earnings disappointed investors.

The Sensex shed 340.78 points, or 1 per cent, to end

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European stocks sink as tech gloom spreads, Valeo plunges
LONDON: European shares crumbled on Friday, tracking a decline in U.S. stock futures after tech stocks Alphabet and Amazon missed results expectations, further sapping risk appetite as European earnings also disappointed with Valeo harshly punished.

The leading index of euro zone stocks fell 1.5 percent with Germany's DAX down 1.7 percent and

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S P downgrades Italy debt outlook, raising pressure in budget stand-off
Ratings agency S-P has downgraded its outlook for Italy's sovereign debt but left its credit rating untouched, upping the pressure on Rome amid a stand-off with Brussels over its budget.

Friday's announcement, which warned Rome's fiscal policy was jeopardising banks' ability to fund the Italian economy, followed last week's decision by Moody's

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Wall Street sinks as Amazon, Alphabet earnings spark growth concerns
U.S. stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief.

The Nasdaq dropped nearly 2 percent, sharply cutting its gains for the year and moving deeper into

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Australia shares end flat but post steep weekly loss; NZ flat
NEW DELHI: Australian shares closed flat on Friday ending a week of overall loss, as investors picked up financial and materials stocks while declining oil prices left the energy sector sagging.

The S-P/ASX 200 index ended 0.02 percent up to close at 5,665.2. For the week, the benchmark slumped 4.6 percent as concerns about U.S. earnings

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China regulator urges Beijing banks not to force liquidation of pledged shares: Yicai
SHANGHAI- China's banking and insurance regulator has urged lenders in Beijing to avoid forced liquidation of pledged shares, as part of efforts to help stabilise the country's stock market, Chinese financial magazine Yicai reported, citing sources.

The Beijing branch of the China Banking and Insurance Regulatory Commission (CBIRC) said unrealised

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DRL posts 77% jump in Q2 profit; beats Street estimates
NEW DELHI: Pharma major Dr Reddy’s Laboratories on Friday reported a 77 per cent year-on-year (YoY) rise in consolidated net profit at Rs 503.80 crore for the September quarter.

The company had reported Rs 284.90 croe profit in the yer-ago quarter.

Consolidated net sales for the quarter rose 7 per cent to Rs 3,797 crore compared with Rs 3,546

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Buy YES Bank, target Rs 273: Edelweiss Financial Services
Edelweiss Financial Services has a buy call on YES Bank with a target price of Rs 273.

The current market price of YES Bank is Rs 183.45.

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

Investment rationale by Edelweiss:Volatile asset quality and higher investment depreciation took the sheen off Yes

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The market has witnessed one of the worst October performances so far amid a barrage of negative headwinds, both local and global. Historically, October is considered the worst for the bulls. Incidentally, some of the biggest market crashes of the past century occurred in October. October 2008, October 1987 and October 1929 have all seen major
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Reliance General Q2 profit up 20% at Rs 56 crore
NEW DELHI: Reliance General Insurance Company (RGI) Friday reported 20 per cent rise in profit at Rs 56 crore for the second quarter ended September 30, 2018. Gross written premium too surged 20 per cent to Rs 2,025 crore during the quarter, it said in a statement.

RGI said its market share in the general insurance business rose to 4.5 per cent

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Top intraday trading ideas for afternoon trade for Friday, 26 October 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in negative terrain around 12:50 pm on Friday on sustained selling in most sectors amid weak global cues.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.comBharat Financial

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By Ryan Vlastelica

Amazon.com Inc. and Alphabet Inc. tumbled in the wake of disappointing revenue growth, and it cost investors big money.

The losses wiped out $82 billion in stock-market value, a milestone that brings back memories of Facebook Inc.’s second-quarter debacle. Amazon fell 7.8 per cent on Friday, erasing about $66 billion in market

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Japan shares suffer worst weekly fall in 8 months as worry on earnings mounts
TOKYO: Japanese shares posted their biggest weekly loss in more than eight months on growing worries over earnings of domestic firms, with camera maker Canon disappointing the market by lowering its annual profit forecast.

The Nikkei share average on Friday fell 0.40 percent, taking the weekly loss of 5.7 percent as the index ended at 21,185, its

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Share market update: Nifty PSU Bank index trades in the green; Indian Bank up 1%
NEW DELHI: The Nifty PSU Bank index was trading 0.27 per cent up at 2,589.2 around 02:14 pm on Friday with its components tradng on a mixed note.

Shares of Indian Bank (up 0.89 per cent) , Punjab National Bank (up 0.76 per cent) , IDBI Bank Ltd. (up 0.34 per cent) and Bank of Baroda (up 0.30 per cent) were the top gainers in the index.

Oriental

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By Ryan VlastelicaWhen it comes to tech stocks, new isn’t always better.

Amid a broad sell-off in internet stocks, investors have found a renewed appreciation for legacy tech names. Companies such as Microsoft Corp., Apple Inc. and Intel Corp. offer exposure to the industry’s higher-than-average growth rates, but without the outsize valuations and

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Edelweiss Financial Services net jumps 53 % to Rs 276 crore in Q2
NEW DELHI: Edelweiss Financial Services Ltd (Edelweiss) Friday reported a jump of 53 per cent in its consolidated net profit at Rs 276.38 crore in second quarter ended September driven by a healthy core income. The company had registered a net profit of Rs 180.88 crore in the similar July-September period of 2017-18.

Total income (consolidated)

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Promoters just upped stakes in these firms; should you buy their confidence
These are turbulent days for stocks. But promoters have gone ahead and made a statement by lapping up stakes in their own companies.

That merits the question, do promoters know the true worth of their business

As the domestic equity market went through a volatile phase during the second quarter, promoters of close to 350 companies -- barring PSU

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Equitas, Ujjivan Financial tank after RBI clarification over SFB listing
Shares of Equitas Holdings and Ujjivan Financial Services tanked 40 per cent and 25 per cent, respectively, in intraday trade on Friday, wiping out the entire gains from their listings in 2016 after the Reserve Bank of India on Thursday after market hours asked the promoters of small finance banks (SFBs) to list their banking units separately
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ETMarkets.com|

Updated: Oct 26, 2018, 02.25 PM IST

Fertilizer-Getty-1200The company had posted Rs 237 crore profit in the same quarter last year.
NEW DELHI: UPL on Friday reported a 13.92 per cent year-on-year (YoY) rise in profit at Rs 270 crore. Analysts in an ET Now poll had estimated the profit figure at Rs 386 crore.

The company had posted Rs 237 crore profit in the

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Share market update: S P BSE Consumer Durables index up 2%; PC Jeweller, VIP Industries shine
NEW DELHI: Consumer Durables shares were trading higher with the S-P BSE Consumer Durables index trading 1.87 per cent up at 18,548.29 around 12:39 pm on Friday.

Shares of PC Jeweller (up 4.95 per cent), VIP Industries (up 4.27 per cent), Titan Company (up 3.15 per cent) and Blue Star (up 2.23 per cent) were the top gainers in the index. TTK

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Microsoft overtakes Amazon as second most valuable US company
Microsoft regained its spot as the second most valuable US company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer's market capitalization.

Apple tops the list at over $1 trillion after crossing that threshold in September. Microsoft's market capitalization was Wall Street's highest in

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Commodity Outlook: Crude oil may get tailwinds at Rs 4,900
The bullion counter was full of activity today on firm demand amid subdued equity markets.

MCX Gold futures were 0.36 per cent up at Rs 31,975 per 10 grams while silver futures rose 0.25 per cent to Rs 38,713 per kg at around 10.30 am. We present you an outlook for commodities by SMC Global Securities.

Gold and silver: Gold can find some backing

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Maruti Suzuki shares lose steam on Q2 profit hit
NEW DELHI: Shares of Maruti Suzuki declined over 3 per cent early Friday, a day after the carmaker posted its first profit drop in 18 quarters.

The company reported a decline of 10 per cent in net profit for the September quarter on lower demand, higher promotional expenses and currency woes.

The stock was 0.82 per cent down at Rs 6,669.80 at

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ICICI Bank swings back to profit after Q1 loss
ICICI Bank swung back to profit in the September quarter after a historic loss in the three months to June, although rising bond yields caused net profit to slide 56 per cent from a year earlier at India’s biggest private-sector lender by total loan book.

It reported a net profit of Rs 909 crore, or Rs 1.40 per share, down from Rs 2,058 crore, or

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ITC Q2 profit rises 12% YoY to Rs 2,955 crore, beats Street estimates
FMCG major ITC on Friday posted 11.92 per cent year-on-year rise in profit at Rs 2,954.67 crore for the quarter ended September 30. It had posted a profit of Rs 2,639.84 crore in the corresponding quarter last year.

Analysts in an ET Now poll had estimated the profit figure at Rs 2,897 crore.

Total income of ITC increased 14.80 per cent YoY to Rs

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Share market update: Telecom shares trade in the green; Sterlite Tech surges 5%
NEW DELHI: The S-P BSE Telecom index was trading 1.41 per cent up at 970.63 around 12:24 pm on Friday with most of its components trading in the green.

Shares of Sterlite Technologies (up 4.60 per cent), Vindhya Telelinks (up 3.19 per cent), Bharti Airtel (up 1.99 per cent) and Himachal Futuristic Communications (up 1.53 per cent) were the

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