StockMarket

JSW Steel down 4% as Q2 data fall short of line
NEW DELHI: Shares of JSW Steel cracked 4 per cent on Friday as its Q2 earnings numbers failed to move brokerages.

On Thursday, the company's consolidated profit shot up 150 per cent year-on-year for the September quarter. It had reported Rs 836 crore profit in the year-ago quarter.

The stock fell to Rs 338.10 on the BSE in early session, but then

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Share market update: Pharma shares fall; Cadila Healthcare plunges 4%
NEW DELHI: All pharma shares were trading in red with the Nifty Pharma index trading 1.43 per cent down at 9,200.8 around 10:37 am on Thursday.

Shares of Cadila Healthcare (down 4.05 per cent), Glenmark Pharmaceuticals (down 3.68 per cent), Biocon (down 2.73 per cent) and Sun Pharmaceutical Industries (down 2.02 per cent), were among the worst

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Share market update: IT shares dip; Tech Mahindra slumps 3%
NEW DELHI: Most IT stocks were incurring losses in Wednesday's session after a smart recovery in the Indian rupee against the US dollar. The rupee opened 41 paise higher today.

The Nifty IT index was trading 0.87 per cent down at 13,893.45 around 09:48 am on Wednesday.

Shares of Tech Mahindra (down 2.95 per cent), Wipro (down 2.01 per cent), NIIT

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Share market update: Power shares trade mixed; BHEL down 2%
NEW DELHI: Power shares were trading mixed with the S-P BSE Power index trading 0.72 per cent down at 1,913.71 around 12:10 pm on Friday.

Shares of CESC (up 2.76 per cent), ABB India (up 2.06 per cent), Torrent Power (up 1.87 per cent) and Tata Power Company (up 1.67 per cent) were the top gainers in the index.

Bharat Heavy Electricals (down

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Worried NHB starts tracking HFCs with exposure to several developers
To scrutinise dealings in the real-estate sector, National Housing Board (NHB) has written to housing finance companies (HFCs) seeking exposure to several developers, according to two sources in the know.

A key concern that NHB may have is that a large sum of money could be routed to troubled developers. Some of the names that NHB checked about

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Sensex surges over 350 pts, Nifty nears 10,300; OMCs rally up to 4%
NEW DELHI: A sharp fall in global crude oil prices and a strong recovery in domestic currency caused equity benchmarks Sensex and Nifty to register a gap-up opening on Wednesday.

Global crude oil prices declined after prospects of a tight supply faded on Saudi Arabia's assurance that it will help maintain oil supply after US sanctions on Iran

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Maruti stock drops on investor caution ahead of Q2
Shares of Maruti Suzuki lost nearly 1 per cent on Thursday ahead of its second quarter results scheduled later for the day.

Analysts believe that higher raw material prices may dent the automaker’s bottom line.

The carmaker’s market share was little changed during the quarter with domestic sales staying broadly flat YoY. Weakness in the e

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Share market update: Nifty IT index trades flat; Infibeam Avenues slumps 6%
NEW DELHI: The Nifty IT index was trading 0.02 per cent up at 14,051.5 around 10:24 am on Thursday with its components trading on a mixed note.

Shares of Tata Consultancy Services (up 0.82 per cent), Wipro (up 0.58 per cent) and HCL Technologies (up 0.39 per cent) were among the top gainers.

Infibeam Avenues (down 6.36 per cent), Oracle

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MFIs go slow on lending as NBFCs hold on to cash
The liquidity squeeze plaguing nonbanking finance companies (NBFCs) is having a ripple effect on microfinance operations far away from the country’s big cities.

Microlenders that rely on funding from NBFCs, especially the smaller ones, have slowed disbursements in October, said top industry executives. At some, monthly disbursements have dropped

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YES Bank shares flat ahead of Q2 results, asset quality seen stable
Shares of YES Bank ruled flat on Thursday ahead of its financial results for the September quarter later in the day.

The scrip was at Rs 204.10 at around 9.35 am against its previous close of Rs 204. The benchmark BSE Sensex plunged 265.65 points, or 0.78 per cent, to 33,768.31.

Meanwhile, YES Bank, according to media reports, has clarified that

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​Brokerages bullish on Kotak Mahindra Bank post Q2 result; should you buy
NEW DELHI: Brokerages maintained their bullish view on Kotak Mahindra Bank after the private sector lender on Wednesday reported a rise of 21.3 per cent in its consolidated net profit at Rs 1,747.37 crore in the second quarter ended September this fiscal.

The bank had posted Rs 1,440.68 crore net profit in the July-September period of 2017-18.

JP

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Popularity of India stocks over past decade adds to outflow risk
By Andrew Janes and Garfield Reynolds

Monsoon season may be over, but India’s investors are at risk from a different kind of flood.

Indian stocks have been the biggest emerging-Asian beneficiaries of the wave of liquidity that swept over world markets in the wake of the global financial crisis, according to data compiled by Bloomberg. That may also

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Share market update: Metal shares trade lower; Welspun Corp slips around 4%
NEW DELHI: Metal shares were trading lower with the Nifty Metal index trading 1.49 per cent down at 3,297.95 around 11:06 am on Thursday with all its components trading in the red.

Shares of Welspun Corp (down 3.52 per cent), Vedanta (down 2.83 per cent), Hindalco Industries (down 2.65 per cent) and APL Apollo Tubes (down 2.11 per cent) were the

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Buy Wipro, target Rs 390: Sharekhan
Sharekhan has a buy call on Wipro with a target price of Rs 390.

The current market price of Wipro is Rs 310.05.

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

View of the brokerage on the company:Good quarter: Wipro delivered better-than-expected revenue performance in Q2FY2019, with a constant currency

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10 top gainers of Wednesday's early session
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 298.50 points up at 34145.73 on Wednesday around 09:30 am on account of buying in frontline bluechip counters.

Shares of Beardsell (up 20.00 per cent), SAR Auto Products (up 18.55 per cent), Authum Investment - Infrastructure (up 17.98 per cent), Sprayking Agro Equipment (up

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InterGlobe Aviation stock gains despite reporting losses in Q2
Shares of InterGlobe Aviation ran into a rough weather today, but came out of it quickly even as many brokerages cut their target price on the stock.

The brokerages slashed the target price following a big loss the airline reported for the September quarter.

At 9.28 am, the stock was 0.52 per cent higher at Rs 821.35 on the BSE, but not before

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Share market update: Bank shares trade in the red; SBI dips around 2%
NEW DELHI: The Nifty Bank was trading 0.61 per cent down at 24,911.3 around 10:06 am on Thursday with most of its components trading in red.

Shares of State Bank of India (down 1.64 per cent), ICICI Bank (down 1.49 per cent), IndusInd Bank (down 1.46 per cent), Federal Bank (down 1.41 per cent) and IDFC Bank (down 1.13 per cent), were the top

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Manas Jaiswal of manasjaiswal.com has a sell call on HCL Technologies Ltd. with a target price of Rs 900. The current market price of HCL Technologies Ltd. is Rs 975.9 Time period given by the analyst is Intra Day when HCL Technologies Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 985 HCL Technologies
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NEW DELHI: The selloff in domestic stocks during the September quarter sent investors scurrying for cover, but it was business as usual for ace investor RakeshJhunjhunwala.

Even as some of his portfolio stocks tumbled up to 70 per cent since July 1 amid worries over India’s shadow banking crisis and geopolitical concerns, the Big Bull was busy p

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Bharti Airtel shares fall 5% ahead of Q2 results
NEW DELHI: Shares of Bharti Airtel were trading around 5 per cent lower in early trade on Thursday ahead of its financial results for the quarter ended September 2018. The results are slated to be released later in the day.

The scrip was trading 4.59 per cent down at Rs 302.20 at around 9.18 am (IST), while the benchmark BSE Sensex was down 0.90

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Sell Sun Pharmaceutical Industries, target Rs 545: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Sun Pharmaceutical Industries Ltd. with a target price of Rs 545. The current market price of Sun Pharmaceutical Industries Ltd. is Rs 576.3. Time period given by the analyst is Intra Day when Sun Pharmaceutical Industries Ltd. price can reach the defined target. Manas Jaiswal recommended to
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Share market update: Nifty Realty index falls 2%; Indiabulls Real Estate shares in red
NEW DELHI:The Nifty Realty index was trading 2.38 per cent down at 205.25 around 10:51 am on Thursday with most of its components trading in red.

Shares of Indiabulls Real Estate (down 4.97 per cent), Brigade Enterprises (down 4.20 per cent), Godrej Properties (down 4.14 per cent) and Oberoi Realty (down 3.35 per cent) were the top losers in the

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Buy Oberoi Realty, target Rs 552: HDFC Securities
HDFC Securities has a buy call on Oberoi Realty (ORL) with a target price of Rs 552.

The current market price of Oberoi Realty is Rs 411.35.

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

View of the brokerage on the company:After an impressive 1QFY19, ORL posted strong growth in certain

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Buy Bharat Electronics, target Rs 92: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Bharat Electronics Ltd. with a target price of Rs 92. The current market price of Bharat Electronics Ltd. is Rs 86.9. Time period given by the analyst is Intra Day when Bharat Electronics Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 84 Bharat
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The growth in the aggregate dollar denominated revenue for the country’s top four software exporters slowed down to a four-quarter low of 7.6 per cent yearon-year during the September 2018 quarter. The sample includes Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies ranked in the descending order of FY18 revenue. TCS grews its
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HPCL, BPCL, IOC shares rally as oil prices sink
NEW DELHI: Shares of oil marketing companies rallied up to 4 per cent in early trade on Wednesday following a sharp fall in crude oil prices in the international markets.

Hindustan Petroleum Corporation (HPCL) was trading 4.12 per cent up at Rs 226.05 at around 9.17 am (IST), while Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPC

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‘Report giving clean chit to Kochhar no more valid&
Mumbai: Leading private sector lender ICICI Bank on Tuesday informed stock exchanges (SEs) that the law firm, which had investigated nepotism allegations against the bank’s former MD Chanda Kochhar in 2016, has said that its “earlier report would no longer be valid”.

According to ICICI Bank sources, the law firm Cyril Amarchand Mangaldas told the

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Bharti Airtel may report Q2 net loss of over Rs 1,000 crore
Leading telecom player Bharti Airtel is poised to announce its financial results today.

There are expectations that organic revenue and earnings of telecom players may stay under pressure owing to continued downtrading of ARPUs.

Proactive re-pricing for postpaid customer in response to Reliance Jio’s ‘Hello Jio Postpaid’ offer, continued d

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Airline stocks surge on fall in crude oil price
NEW DELHI: Shares of Airline companies jumped up to 8 per cent in morning trade on Wednesday after global crude oil prices slipped to their three-month low level.

Global crude oil prices declined after prospects of a tight supply faded on Saudi Arabia's assurance that it will help maintain oil supply after US sanctions on Iran comes into effect

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Buy Hindustan Petroleum Corporation, target Rs 240: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 240. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 217.1. Time period given by the analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach the defined target. Kunal Bothra recommended to
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