StockMarket

Wall Street gains after strong earnings from blue-chips
U.S. stocks rose broadly on Tuesday, led by technology and healthcare shares, as upbeat earnings from blue-chip companies helped ease jitters over the impact of the ongoing U.S.-China trade war and other global issues on corporate profits.

Shares of Morgan Stanley rose 2.5 percent and Goldman Sachs 0.9 percent after the two lenders wrapped up

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Top takeaways from Infosys earnings: Good deal wins, digital revenue grows
India’s No.2 software services exporter Infosys on Tuesday beat Street estimates to post a 10.3 per cent growth in quarterly profit, boosted mainly by large deal wins.

September quarter profit rose to Rs 4,110 crore from Rs 3,726 crore a year ago. Analysts had estimated the profit figure at Rs 4,051 crore. Revenue from operations grew 17.3 per

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Govt asks oil PSUs to consider Rs 20,000 crore share buyback
NEW DELHI: The government is said to have asked oil PSUs to consider Rs 20,000 crore in share buybacks, ET Now reported quoting agencies.

The latest amount was double of Rs 10,000-crore buybacks an ET report anticipated on Monday.

The fresh report came on the day when oil minister Dharmendra Pradhan said the government had no reason to interfere

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Crisil Q3 net jumps 30% to Rs 90 crore on client additions
Mumbai: The S-P-controlled domestic rating agency Crisil Ratings Tuesday reported a 30 per cent growth in net income at Rs 90 crore, driven by new new client additions and focus on efficiencies in the September quarter.

Total income rose 10 per cent during the third quarter at Rs 454.22 crore, while consolidated income from operations inched

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Two-wheeler major Hero MotoCorp on Tuesday reported a 3.40 per cent drop in profit at Rs 976 crore for September quarter. Analysts in an ET Now poll had estimated the profit figure at Rs 928 crore.

The auto major had reported Rs 909 crore profit for June quarter and Rs 1,010 crore for the year-ago period

Revenues from operation came in at Rs 9,091

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Federal Bank Q2 profit inches up 1% YoY to Rs 266 crore
Federal Bank posted a 0.9 per cent rise in second-quarter net profit on Tuesday, helped by higher interest income.

Net profit was Rs 266 crore ($36.08 million) in the quarter ended September 30, compared with Rs 264 crore a year earlier, the mid-sized private-sector lender said.

Eleven analysts, on average, had expected a net profit of Rs 2.14

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IL FS faces more embarrassments: Ind-Ra downgrades MF schemes
Mumbai: Crippled IL-FS group faced Tuesday more embarrassments after India Ratings downgraded its various mutual fund schemes and placed them on a rating watch negative (RWN).

The agency downgraded three series-1, three series- 2 and two series -3 mutual fund schemes of the group, "due to the deterioration in the underlying portfolio quality

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After Market: Airlines stocks fly high, new MD lifts ICICI Bank
NEW DELHI: Optimism over in-line earnings of blue-chip companies boosted equity benchmarks Sensex and Nifty for the third consecutive day on Tuesday.

Healthy buying across sectors in the wake of a fresh rise in the rupee against the dollar and a cool-off in crude oil prices helped market sentiment. The rupee traded 20 paise higher at 73.62 around

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Share market update: Oil gas shares trade in green; ONGC, Indraprastha Gas shine
NEW DELHI: Oil - gas shares were trading in the green with the S-P BSE Oil - Gas index trading 1.81 per cent up at 13,572.23 around 02:10 pm.

Shares of Oil And Natural Gas Corporation (up 3.19 per cent), Indraprastha Gas (up 2.88 per cent), Petronet LNG (up 2.70 per cent) and Bharat Petroleum Corporation (up 1.82 per cent), were the

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RIL goes past TCS to become most valued firm by m-cap
Reliance Industries Tuesday again surpassed IT major TCS to become the country's most valued firm by market valuation.

At close of trade Tuesday, RIL's market capitalisation (m-cap) stood at Rs 7,37,576.57 crore on the BSE, which was Rs 1,471.26 crore more than that of Tata Consultancy Services' Rs 7,36,105.31 crore valuation.

Shares of RIL rose

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F O: Nifty forming higher highs lows; Vix drops to show bullish bias
By Chandan TapariaNifty50 opened positive on Tuesday and continued its positive momentum towards the 10,600 mark. It filled a falling bearish gap in the 10,540-10,547 zone and closed with a gain of around 70 points.

The index formed a bullish candle and has been forming higher highs and higher lows from last three sessions. Now, it has to continue

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European shares bounce from 22-month low as earnings flow in; Volvo hit
MILAN: European shares rose in early trading on Tuesday helped by stronger defensive stocks, as the focus turned to the start of the reporting season which is expected to deliver double-digit earnings growth for the third quarter.

The pan-European STOXX 600 index was up 0.2 per cent by 0714 GMT, after hitting a 22-month low in the previous session

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Investor wealth soars by Rs 5.30 lakh crore in three days
New Delhi: As the equity market continued its winning run for the third straight session Tuesday, investor wealth soared Rs 5.30 lakh crore in the rally since Friday.

In the three trading sessions, the BSE benchmark Sensex has gained 428.9 points.

The 30-share Sensex stayed in the positive zone during the Tuesday session and settled 297.38 points

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Strength in rupee, easing oil prices lift Sensex; Nifty50 just shy of 10,600
NEW DELHI: Domestic equity benchmarks extended their winning streak into the third straight session on Wednesday, buoyed by expectations of good second quarter earnings.

Firmness in global stocks and easing of crude oil prices below $80 a barrel also boosted investor sentiment, which in turn supported the rupee.

BSE benchmark Sensex climbed 297

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Hero MotoCorp shares gain ahead of Q2 results
NEW DELHI: Shares of Hero MotoCorp rose a per cent in Tuesday’s trade ahead of its quarterly results.

Analysts expect the two-wheeler major Hero MotoCorp to report a marginal dip in its bottom line figures for the quarter ended September 30. Realisations, they say, may improve due to the company’s timely price hikes and non-adoption of aggressive

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Cochin Shipyard board approves buyback of shares up to Rs 200 crore
State-run Cochin Shipyard Ltd (CSL) Tuesday said its board has approved buyback of equity shares worth up to Rs 200 crore.

"The board approved the buyback proposal for purchase of fully paid equity shares of Rs 10 each not exceeding 43,95,610 equity shares at a price of Rs 455 per share," Cochin Shipyard said in a filing to BSE.

CSL completed its

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NEW DELHI: IT giant Infosys on Tuesday reported a 10.30 per cent YoY rise in profit at Rs 4,110 crore for the September quarter, largely in line with Rs 4,048 crore net predicted by analysts in an ET NOW poll.

The IT major had reported Rs 3,726 crore in profit in the corresponding quarter last year.

Revenue for the quarter rose 17.30 per cent on a

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Infosys gains 2% ahead of Q2 results; what experts say
NEW DELHI: Shares of Infosys climbed 2 per cent in Tuesday’s trade ahead of the IT major’s second quarter results. All eyes will be on any revision in revenue growth guidance for FY19, outlook on BFSI space, performance of digital vertical and upward estimate in margins, if any, in the wake of rupee depreciation.

Shares of the second largest IT

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Investors gloomiest on world growth in decade: BofAML poll
LONDON: Global investors have the most pessimistic outlook on the world economy since the 2008 financial crisis, according to Bank of America Merrill Lynch's monthly survey, which also showed a sharp fall in U.S. equity allocations.

The survey, released on Tuesday was conducted Oct. 5 to 11 and canvassed investors managing $646 billion. It showed

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Pharma stocks for defensive bias or to gain from weak rupee Must read this
How is the health of your portfolio after the recent selloff in equities

If you are planning to give your portfolio a defensive tweak in view of the multiple headwinds ahead, pharma is definitely one space to look at. Pharma is also in focus as a sharp drop in the rupee this year has turned investor focus on export-heavy businesses.

But one

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Share market update: Nifty IT index trades flat; NIIT Tech rises 2%
NEW DELHI: The Nifty IT index was trading 0.18 per cent up at 14,824.35 around 11:19 am on Tuesday with its components trading on a mixed note.

Shares of NIIT Technologies (up 2.24 per cent), Tech Mahindra (up 1.03 per cent), Tata Elxsi (up 0.99 per cent), Infosys (up 0.77 per cent) and MindTree (up 0.65 per cent), were the top gainers in the

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Sebi issues uniform procedure to obtain agri commodity samples
New Delhi: Markets regulator Sebi Tuesday issued a framework to bring uniformity in the procedure for obtaining samples of agricultural commodities at the exchange accredited warehouses.

The move comes after the Securities and Exchange Board of India (Sebi) noticed varied approaches being followed by the exchanges in this regard.

In a circular,

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Airline stocks jump up to 5% as crude oil price eases
NEW DELHI: Shares of most aviation companies jumped in Tuesday's session amid a fresh fall in global crude oil prices.

Oil prices fell on Tuesday on expectations of an increase in US crude inventories, with Brent crude slipping by 80 cents a barrel, Reuters reported.

Shares of Jet Airways (up 5.67 per cent) and IndiGo (up 5.13 per cent) surged

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Share market update: FMCG shares mixed; Jubilant Foodworks up 5%
NEW DELHI: FMCG shares were trading mixed with the NSE Nifty FMCG index trading 0.25 per cent up at 28,401.3 in morning trade around 11:01 am on Tuesday.

Shares of Jubilant Foodworks (up 4.78 per cent), Dabur India (up 1.84 per cent), Godrej Consumer Products (up 1.79 per cent), Marico (up 1.13 per cent) and Procter - Gamble Hygiene -

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Can RIL protect GRM in Sept quarter earnings 5 key things to watch
NEW DELHI: Oil-to-telecom giant Reliance Industries will announce its quarterly earnings on Wednesday. Analysts and investors will be keenly watching for any drop in gross refining margin (GRM), growth in petchem business and the o utlook for the digital business.

Brokerage Sharekhan expects RIL to benefit from a weak rupee and higher

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Share market update: S P BSE Consumer Durables index rises 0.5%; VIP Industries jumps 4%
The S-P BSE Consumer Durables index was trading 0.51 per cent up at 18,600.92 around 02:33 pm on Tuesday.

Shares of VIP Industries (up 3.80 per cent), Whirlpool of India (up 2.23 per cent), Voltas (up 1.45 per cent), PC Jeweller (up 0.97 per cent) and Blue Star (up 0.90 per cent),were the top gainers in the index.

Symphony (up 0.73 per cent)

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Share market update: Nifty Bank index rises 1%; IndusInd Bank,ICICI Bank shine
NEW DELHI: The Nifty Bank index was trading 1.1 per cent up at 25,667.95 around 10:46 am on Tuesday with all its components trading in the green.

Shares of IndusInd Bank (up 3.58 per cent), ICICI Bank (up 2.41 per cent), RBL Bank (up 2.41 per cent) and Federal Bank (up 2.18 per cent), were the top gainers in the index.

IDFC Bank (up 1.66 per

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Tech View: Nifty50 forms a bullish candle; may continue positive bias
NEW DELHI: The Nifty50 on Tuesday took out the immediate hurdle in the 10,550-70 range and made a b ullish candle on the daily chart. Chances are, the index may continue with its positive bias through the remainder of the truncated week.

On the hourly charts, the pullback across indices is subdividing into lower degree waves, said Gaurav

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China may have $5.8 trillion in hidden debt
By Eric Lam

China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S-P Global Ratings.

“The potential amount of debt is an iceberg with titanic credit risks,” S-P credit analysts led by Gloria Lu wrote in a report Tue

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NEW DELHI: A smart recovery in the last two sessions has changed the technical setup not only for the domestic equity indices, but also for dozens of stock, which, riding on heavy volumes, look poised to see positive price actions.

As many as 277 stocks on NSE showed strength on the daily charts, as suggested by momentum indicator MACD, or moving

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