StockMarket

South Indian Bank soars 17% on 16-fold jump in Q2 net
NEW DELHI: Shares of South Indian Bank climbed nearly 17 per cent in Tuesday’s trade after the private lender reported a 16-fold rise in profit at Rs 70.13 crore for the quarter ended September 30. The bank had posted a profit of Rs 4.32 crore in the corresponding quarter last year.

The lender said its net NPAs for the quarter eased to 3.16 per

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​Global brokerages positive on HUL post Q2 result; should you invest
NEW DELHI: Global brokerages maintained their bullish stance on Hindustan Unilever (HUL) after the company on Friday reported a 19.51 per cent rise in net profit at Rs 1,525 crore for the September quarter on account of double digit growth across various categories.

The FMCG major had posted a net profit of Rs 1,276 crore in the same quarter last

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Share market update: IT stocks up 1%; NIIT Technologies surges 4%
NEW DELHI: The Nifty IT index was trading 0.89 per cent up at 14,669.1 around 10:00 am on Monday with all of its components trading in the green amid a fresh fall in Indian rupee against the US dollar.

Shares of NIIT Technologies (up 3.83 per cent), Infibeam Avenues (up 2.57 per cent), MindTree (up 2.55 per cent), Tata Elxsi (up 1.79 per cent)

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Hathway Cable, Den Networks rally up to 8% on RIL share buy talks
NEW DELHI: Shares of Hathway Cable - Datacom and Den Networks jumped up to 8 per cent in Tuesday's trade after ET reported that Reliance Industries (RIL) will soon buy a controlling stake in two of India’s largest cable TV and broadband service providers.

The move may help RIL ramp up coverage of its ambitious high-speed broadband network.

Shar

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NBFCs likely to see 30% growth in second quater profit
MUMBAI: NBFCs are expected to report a 30 per cent growth in second-quarter profit while margins are likely to decline by 20 basis points due to tight liquidity and rising interest rates. Increased incremental funding costs for NBFCs are expected to increase by 50 basis points, affecting housing finance companies. Vehicle financiers, especially
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Buzzing stocks: JP Associates, Adani Power, YES Bank, RIL, HUL
NEW DELHI: JP Associates, with over 1.33 crore shares changing hands, was leading among most traded stocks on NSE in Monday's session.

It was followed by Reliance Communications (number of shares traded: 1.28 crore), Adani Power (0.74 crore) and YES Bank (0.63 crore).

South Indian Bank (0.63 crore), Balrampur Chini (0.57 crore), HPCL (0.53 crore),

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Share market update: Auto stocks up; M M surges 3%
NEW DELHI: The Nifty Auto index was trading 1.52 per cent up at 9,171.75 around 10:28 am on Tuesday with all its components trading in the green.

Shares of Mahindra - Mahindra (up 3.43 per cent), Ashok Leyland (up 3.42 per cent), TVS Motor Company (up 2.84 per cent) and Motherson Sumi Systems (up 2.49 per cent), were the top gainers in the

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DMart drops 6% on Q2 miss; competition intensifying, say brokerages
NEW DELHI: Shares of Radhakishan Damani-led Avenue Supermarts (D-Mart) fell 6 per cent in Monday’s trade after the company missed Street expectations on margin front for the September quarter. Store additions at five in the first six months of the financial year too were lower than expectations.

Kotak Securities which has a sell rating on the

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Top Quant trade ideas for the week
By MOTILAL OSWAL SECURITIESOption WritingSTRATEGY 1Writing against Cash / Fut HoldingWriting against Cash / Future HoldingSell CIPLA 660 CE 25-OCTOBER-18 at Rs 4.85 Target Level : 0.25 Stop Loss Level : 7.20 Gross Monthly Yield : 2 per cent ROI : 5.50 per cent Margin : Rs 83,000 Days to Expiry : 11

Writing with HedgingLeg 1: Sell CIPLA 660 CE

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Rupee looks oversold but may hit 100 a dollar level over time: Marc Faber
NEW DELHI: Marc Faber, editor and publisher of The Gloom, Boom - Doom Report, on Tuesday said the rupee could hit 100 to the dollar mark over the next few years.

India’s fiscal position is not particularly good. Either India has to increase interest rate meaningfully or has to let the rupee depreciate over time, Faber told ETNow in an i

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SBI, M M among 10 stocks to look at for gains in 3-4 weeks
NEW DELHI: Friday’s rally brought back smiles in the market, but they faded quickly on Monday as stocks developed cold feet amid weak global cues.

Asian shares plunged, as the spectre of trade war returned after the US President said fresh tariffs on China are a possibility.

The rupee, too, failed to hold the strength it had shown on Friday and

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Share market update: Nifty Metal index falls 1%; Hindustan Zinc plunges 3%
The Nifty Metal index was trading 0.93 per cent down at 3406.25 around 09:35AM on Monday with most of its components trading in the red.

Shares of Hindustan Zinc (down 3.13 per cent), National Aluminium Company (down 3.06 per cent), Steel Authority of India (SAIL) (down 1.50 per cent), Welspun Corp (down 1.07 per cent) and Coal India (down 1.04

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10 top gainer stocks of Tuesday's early session
NEW DELHI: Key equity indices Sensex and Nifty registered a positive opening on Tuesday as sentiment got a boost from firm Asian cues and positive macro in terms of low trade deficit.

India’s trade deficit declined to a five-month low in September. RBI's decision to conduct open market purchase operations (OMOs) worth Rs 12,000 crore also i

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10 top loser stocks of early trade on Monday
NEW DELHI: Benchmark indices erased gains, after kicking off Monday's session on a firm note, tracking tepid cues from other Asian markets, as crude oil prices spiked amid US-Saudi war of words.

Rupee's fall, an uptick in global crude oil prices and caution ahead of September earnings weighed on market sentiment.

The NSE Nifty index was trading

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After surviving the recent lows in Thursday’s trade and managing to keep its head above the 10,180-10,250 zone, the Nifty50 continued its pullback in Friday’s session. The market saw a positive opening and during the session, it went on to further strengthen itself.

The surge was secular, as all sectoral indices, barring IT, ended the day with

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MUMBAI: A prolonged liquidity tightness for non-banking finance companies (NBFCs) could impact their credit standings and adversely impact the broader economy and structured finance segment, global credit rating agency Moody’s said in a note on Monday.

Liquidity tightness could lead to sharply higher financing costs for NBFCs, or even difficulty

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Share market update: Auto shares mixed; MRF, Eicher Motors in red
NEW DELHI: Auto shares were trading mixed in Monday's session with the Nifty Auto index trading 0.79 per cent down at 9,012.35 around 10:24 am on Monday.

Shares of Exide Industries (up 2.87 per cent), Amara Raja Batteries (up 2.77 per cent), Ashok Leyland (up 1.21 per cent) and Tata Motors (DVR) (up 0.45 per cent) were the top gainers in the

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Bank credit rises by 12.51%, deposits by 8.07%
Bank credit rose by 12.51 per cent to Rs 89.82 lakh crore in the fortnight ended September 28, while the deposits grew by 8.07 per cent to Rs 117.99 lakh crore, according the RBI data.

In the year-ago fortnight, advances stood at Rs 79.83 lakh crore, while the deposits at Rs 109.17 lakh crore.

In the fortnight ended September 14, bank credit had

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Sensex reclaims 35,000; Nifty50 tops 10,550; Hathway Cable up 6%
NEW DELHI: Key equity indices Sensex and Nifty registered a positive opening on Tuesday tracking a bounce in Asian peers and positive macro in terms of low trade deficit.

India’s trade deficit declined to a five-month low in September even as exports contracted, providing some respite from the rising gap that had sparked concern about the current a

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‘NRI bonds the ultimate weapon to stabilize Re&
MUMBAI: The rupee could well reverse its losing streak if the Indian diaspora yet again gets into the rescue act and buys dollar bonds, a proven instrument in helping stabilise the currency during previous periods of turbulence. About $30-35 billion of NRI fund flows could well turn the trend, says a top Bank of America Merrill Lynch research
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Lagarde sees more market volatility ahead amid trade risks
By Michelle JamriskoPolicy makers should prepare for more market volatility amid further financial tightening and “choppy” waters in the global economy stemming from trade tensions, said Christine Lagarde, managing director of the International Monetary Fund.

The fund’s advice to central bankers and finance chiefs is to continue building monetary a

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Buzzing stocks: South Indian Bank, IndusInd Bank, DHFL, Infosys, RIL
NEW DELHI: South Indian Bank, with over 2.59 crore shares changing hands, was leading among most traded stocks on NSE early Tuesday.

Suzlon Energy (number of shares traded: 0.40 crore), JP Associates (0.34 crore), Adani Power (0.32 crore), DHFL (0.29 crore), Reliance Communications (0.23 crore) and Federal Bank (0.22 crore) also featured among

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IndusInd Bank Q2 results today; what top brokerages say
NEW DELHI: IndusInd Bank is set to report its September quarter results on Monday. Brokerages largely expect the lender to register a sold loan growth of 20-28 per cent but expect some pressure on net interest margin. Commentary on expected synergies from Bharat Financial merger and IL-FS exposure will be keenly watched, say experts.

Brokerage

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-Innocent bystanders-: Emerging economies struggle to contain capital outflows
By Ed Davies, Sumeet Chatterjee and Gayatri Suroyo

After suffering months of capital outflows, policy makers from emerging markets attending IMF-World Bank meetings in Indonesia had a message for leading economies: current monetary and trade policies risk undermining us all.

The International Monetary Fund-World Bank meetings wrapping up on Sunday

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Edelweiss ARC, Oaktree to buy GTLRs 4,000 crore dues to lenders
Mumbai: Edelweiss Asset Reconstruction Company has teamed up with US-based alternative investment manager Oaktree Capital to buy Rs 4,000 crore which telecom tower company GTL Infrastructure owed a consortium of lenders in a transaction completed before September-end.

However, not all lenders have sold their loans to the ARC. Just before this deal

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Investing in consumer goods HUL may only be a first among equals
ET Intelligence Group: For those on the Street scouting to cherry-pick quality stocks in the wake of the recent correction, HUL is a strong temptation. The consumer goods behemoth’s second quarter performance was on expected lines with doubledigit volume growth for the fourth consecutive quarter on a base of 4 per cent volume growth a year ago.

Des

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Tweet Buster: Cautious optimism and buy ideas fly thick and fast
NEW DELHI: A solid bounce followed by a crash to extreme lows and then a steep climb! The domestic stock market’s roller-coaster ride over the past three days had investors on their toes. Looks like, the bulls are telling the bears, enough is enough.

After logging losses for five consecutive weeks, the benchmark indices finally managed to end

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Dr ReddyLabs climbs 4% on sale of API unit
NEW DELHi: Shares of Dr Reddy’s Laboratories climbed nearly 4 per cent in Monday’s trade after the company entered into a definitive agreement for the sale of its API manufacturing business unit located in Jeedimetla, Hyderabad.

The drug maker sold the unit to Therapiva in a slump sale that included unit’s fixed assets (land and building), current

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Investors could start a oneyear systematic investment plan (SIP) in gilt schemes, a mutual fund product that invests in government securities, say investment advisors and money managers.

With yields on government bonds expected to peak out in the next year or so, a SIP — a regular investment plan akin to recurring deposits of banks — would help inv

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FPIs remain in sell-off mode; pull out Rs 26,600 crore in 2 weeks
Foreign investors have pulled out close to Rs 26,600 crore (USD 3.6 billion) from the Indian capital markets in the first two weeks of this month on unabated fall in rupee and rising crude oil prices and US treasury yields.

This is much higher than the over Rs 21,000 crore net outflow seen in entire September. Prior to that, overseas investors had

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