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HDFC Bank to report Q2 results today; here's what experts say
NEW DELHI: HDFC Bank is all set to report its September quarter results on Saturday. Analysts largely expect the private lender to post strong loan growth for the quarter. Profit growth is seen in the range of 17-20 per cent. Asset quality is expected to remain stable, but analysts expect margins to contract due to a rise in cost of funds.

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Tech view: Spinning Top candle on Nifty charts shows bears in charge
NEW DELHI: The Nifty50 slumped 150-odd points on Friday to settle a tad above the 10,300 level. A gap-down opening and a Spinning Top-like candle on the daily chart a day after a 'Bearish Engulfing’ formation do not bode well for the index.

Add a bearish candle on the weekly scale, the bears look firmly in the driver’s seat. The index may test the

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Share market update: S P BSE Power index trades flat; Reliance Infra surges 6%
NEW DELHI: The S-P BSE Power index was trading 0.29 per cent down at 1,946.78 around 02:01 pm on Friday with its components trading on a mixed note.

Shares of Reliance Infrastructure (up 6.27 per cent), Torrent Power (up 2.77 per cent), NHPC (up 1.27 per cent) and JSW Energy (up 0.94 per cent)were among the top performers.

Siemens (down 4.18

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MPC members raised concerns about inflation
MUMBAI: Reserve Bank of India’s (RBI) monetary policy committee members have raised concerns on elevated levels of inflation even as they voted to keep rates unchanged, minutes from the panel’s meeting held earlier this month showed.

Even as the majority of the six-member committee voted to keep interest rates unchanged and change the RBI’s stance

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After Market: Rs 1.60L cr gone; Jet flies high on Tatas& interest
Heavy selling pressure since the morning kept the bulls out of the scene on Friday, leading to an over 1 per cent drop in the benchmark Sensex and Nifty amid subdued global cues.

The 30-share BSE Sensex closed 463.95 points, or 1.33 per cent, down at 34,315, while the 50-share Nifty declined 149.50 points, or 1.43 per cent, to 10,303.

As many as

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Share market update: Nifty Realty index falls; Indiabulls Real Estate slips 10%
NEW DELHI: The Nifty Realty was trading 0.85 per cent down at 204.1 around 01:00 pm on Friday with most of its components in red.

Shares of Indiabulls Real Estate (down 9.97 per cent), Phoenix Mills (down 4.25 per cent), Sunteck Realty (down 3.09 per cent) and Sobha (down 2.70 per cent), were the top losers in the realty pack.

Godrej Properties

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MUMBAI: IT consultant and implementation company Mindtree’s stock plunged 18% on Friday, its highest single day fall since listing in March, 2007, after analysts cut its EPS estimates by nearly 9% citing company’s soft outlook for the near term in contrast to the current mood across the sector.

The stock recovered to end at Rs 821, down 16.13% on

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UltraTech Cement qtrly profit falls, misses expectations
Cement maker UltraTech Cement's quarterly profit dropped 9.4 per cent and missed market expectations, hurt by higher expenses.

Standalone net profit, which does not account for its subsidiaries, stood at Rs 391 crore ($53.23 million) for the quarter ended September 30, compared with a profit of Rs 431 crore a year earlier, the company said in a

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Havells India shares advance 2% post Q2 results
Shares of Havells India gained over 2 per cent in afternoon trade on Friday after the company on Wednesday reported a 4.44 per cent rise in standalone net profit at Rs 178.62 crore for the second quarter ended September 30, 2018.

The consumer electrical goods maker had posted Rs 171.02 crore profit for the same period a year ago. Standalone

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China's regulators rush to rally market confidence, boosting shares
SHANGHAI: China's regulators lined up to rally market confidence on Friday with new rules, measures and words of comfort as shares brushed near four-year lows for the second straight day before surging.

Vice Premier Liu He, who oversees the economy and the financial sector, supplemented regulators' moves by saying the recent stock market slump

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Stocks have another sob story today; Sensex cracks 464 pts, wipes off Rs 1.6L Cr
NEW DELHI: Friday saw no let-up in miseries for stocks as benchmark indices lost big amid a selloff in global markets, triggered by worries over a slowing world economy.

A fall in shares of index heavyweight Reliance Securities on less-than-expected quarterly show and resumption of selling at the NBFC counter dented the already fragile market

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Share market update: Pharma shares fall; Piramal Enterprises slumps 8%
NEW DELHI: Most pharma shares were under pressure with the Nifty Pharma index trading 0.64 per cent down at 9,624.3 around 12:46 pm on Friday.

Piramal Enterprises (down 8.14 per cent), Cipla (down 1.75 per cent), Cadila Healthcare (down 1.71 per cent) and Aurobindo Pharma (down 1.18 per cent),were the major laggards in the index.

Divi's

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Overseas investment exits hit a record high
Mumbai: This month, foreign portfolio investors have sold Indian stocks and bonds the most in two years after a declining rupee made US assets more attractive, and rising global interest rates rendered the carry trade unviable.

Total bond and stock net sales by overseas funds touched a high of Rs 31,984 crore so far this month, show data from

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F O: Options show downward shift in Nifty trading range, Vix sees spike
By Chandan Taparia

The Nifty50 index opened with a downward gap and remained under pressure for the entire session on Friday. It formed a bearish candle on the daily and weekly scales, which suggests the bears are holding a tight grip on the market.

Now as long as it holds below 10,400. Nifty could slip towards its crucial support at 10,200 and

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Five factors that pulled down Sensex over 400 points today
The bears continued to hijack the proceedings on Dalal Street on Friday, dragging equity benchmarks Sensex and Nifty over 1 per cent in early trade on Friday.

The Nifty slipped below the 10,400 mark, as 38 of its constituents dropped up to 14 per cent. Indiabulls Housing Finance and YES Bank led the index losers.

At 11 hours (IST), the 50-share

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RBI minutes highlight inflation spike risk, signal rate hikes
Mumbai: The Reserve Bank of India’s monetary policy committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its last meeting.

Minutes of RBI’s monetary policy committee’s (MPC) October meeting, released on Friday, showed most committee

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How Supertech triggered Round II of NBFC selloff Is there more to it
NEW DELHI: It all re-started with the downgrading of a Rs 1,866 crore loan facility of realty developer Supertech by rating firm Brickwork, amid reports that the builder defaulted on loans to Corporation Bank and Syndicate Bank. The realtor says it has not defaulted on any of its loans.

The news triggered panic on the NBFC counter. Investors were

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India looks for money in all the wrong places
By Mihir Sharma

India’s government is caught in a bind. It needs money to appease voters ahead of a tighter-than-expected reelection campaign. But it’s also set praiseworthy deficit targets for itself that it’s already breached once. So it could use new ways to finance more spending.

Such pressure often leads to bad decisions. This week, a senior

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London gold body plans to okay blockchain trackers
London: The London Bullion Market Association (LBMA) is planning to help modernise and improve transparency in the industry with an approval process for companies using blockchain technology to track the movement of gold.

The embracing of blockchain, the technology behind bitcoin, aims to exclude from the global supply chain metal that is

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Share market update: S P BSE Oil Gas index down 1%; RIL,Petronet LNG dip
NEW DELHI: The S-P BSE Oil - Gas index was trading 1.06 per cent down at 13,107.29 around 02:32 pm on Friday with its components trading on a mixed note.

Shares of Hindustan Petroleum Corporation (up 3.07 per cent), Indraprastha Gas (up 1.47 per cent) and Indian Oil Corporation (up 0.53 per cent) were the top gainers in the index.

Relianc

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MindTree sees biggest drop in over 7 years as brokerages cut PT
Shares of MindTree Ltd plunged as much as 18.1 per cent at 801.1 rupees on a cautious macro outlook particularly in the UK market.

The IT firm's stock marks biggest intraday per cent loss since Sept 2011.

Sept-quarter profit surged about 65 per cent to 2.06 billion rupees ($13.61 million), co said on Wednesday.

Macquarie Research cuts stock's

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RIL raises Rs 3,500 cr on BSE bond platform
New Delhi: Reliance Industries has garnered Rs 3,500 crore by issuing bonds on private placement basis on the bourse's electronic book mechanism platform, leading exchange BSE on Friday said.

In July 2016, the exchange had launched BSE BOND -- the electronic book mechanism platform -- for issuance of debt securities on private placement basis.

"On

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Mphasis Q2 net profit up 37% at Rs 271 cr
New Delhi: IT company Mphasis on Friday reported consolidated net profit at Rs 271 crore for the quarter to September, a 37 per cent year on year rise.

The company had registered a net profit of Rs 197.6 crore in the year-ago period, it said in a statement.

Total income increased by 19.5 per cent to Rs 1,962.4 crore during the said quarter, from

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Sebi order throws a spanner into Singh brothers' plans
The market regulator has finally broken its silence on the Fortis – Religare saga. The Securities and Exchange Board of India (Sebi) on Wednesday passed an interim order directing several entities including Malvinder Singh, Shivinder Singh and their private companies to return Rs 403 crore to Fortis Healthcare within three months. Based on an
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Rupee jumps 29 paise against dollar to 73.32
New Delhi: The rupee recovered early losses and settled 29 paise higher at 73.32 against the dollar on Friday, amid a weakening greenback.

Traders said the selling of the US currency by exporters and foreign fund inflows propped up the home unit.

At the forex market, the rupee opened lower at 73.62, but soon recovered by jumping 31 paise to touch

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Share market update: Telecom shares trade in red; GTPL Hathway dips 10%
NEW DELHI: The S-P BSE Telecom index was trading 0.32 per cent up at 953.35 around 02:15 pm on Friday with most of its components trading in red.

GTPL Hathway (down 9.96 per cent), Tata Communications (down 3.71 per cent), Vindhya Telelinks (down 3.23 per cent), Aksh Optifibre (down 2.66 per cent), GTL (down 2.31 per cent) and Sterlite

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Share market update: IT stocks trade in red; MindTree plunges 15%
NEW DELHI: Most IT shares were trading lower with the Nifty IT index trading 2.67 per cent down at 14,550.7 around 12:02 pm on Friday.

Shares of MindTree (down 14.52 per cent), HCL Technologies (down 3.91 per cent), Infosys (down 3.44 per cent), Tech Mahindra (down 2.83 per cent) and Oracle Financial Services Software (down 1.55 per cent), were

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ISec Q2 net profit inches up to Rs 134 crore
Leading investment services firm ICICI Securities (ISec) today reported a marginal increase of 3 per cent in net profit at Rs 134 crore for July-September, driven by its broking business.

Profit after tax (PAT) stood at Rs 130 crore in the year-ago period.

For the July-September 2018 quarter, revenues came in at Rs 458 crore, up 1 per cent from Rs

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Dolly Khanna, Anil Goel, Vijay Kedia shopped for these conviction ideas in Q2
Be fearful when others are greedy and greedy when others are fearful - Warren Buffett

As if on Buffett’s cue, veterans on Dalal Street lapped up stocks even as the broader market weakened amid multiple headwinds, both global and domestic.

BSE Sensex and NSE’s Nifty plunged over 6 per cent in September, even though for the quarter both the indices g

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Itthe Economy, Stupid
The resignation of M J Akbar, minister of state for external affairs, from the NDA government on Wednesday, is a reputational crisis for the present regime in Delhi. It’s not so much that he quit — after all, under UPA-2, at least half-a-dozen mantris were forced out of office, including Dayanidhi Maran and Andimuthu Raja — but why Akbar had to go:
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