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Share market update: Future Consumer, Gayatri Highways among top losers on BSE

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World stocks set for worst week since 2008 as virus fears grip markets
TOKYO: Global share markets were headed for the worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and derail economic growth.

Asian stocks tracked another overnight plunge in Wall Street's benchmarks on Friday with the markets in China, Japan and South Korea

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Sebi slaps Rs 5 crore fine on Mehul Choksi, Dhanesh Sheth Gitanjali Gems

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NEW DELHI: State-run NBCC (India) , formerly known as National Buildings Construction Corporation, is expected to generate Rs 32,000 crore from 8 million square feet of commercial space in South Delhi’s Nauroji Nagar and Sarojini Nagar.

As the Delhi High Court vacated the stay on construction of a commercial hub, NBCC has started the process of

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Mumbai: Unilever said India business growth will be “soft” because of the rural slump amid a broader economic slowdown. India, which accounts for 9% of Unilever’s overall sales, has been regularly outperforming several key emerging markets for the conglomerate.

But Brazil and Indonesia, which contribute 6% and 5% each, respectively, will be

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MFs should widen customer base, bring down abstention rate: G Mahalingam
Mumbai: Alpha generation is going to be an obsession in the mutual fund industry. However, this cannot be the sole factor driving the whole industry, said G Mahalingam, whole-time member, Sebi.

He emphasized that the industry should focus on widening the customer base and include more retail investors. Speaking at CII Mutual Fund Summit in

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Coronavirus Impact: Stock market investors lose Rs 10 lakh crore in 6 trading sessions
Investor wealth on Dalal Street tumbled by a whopping Rs 10 lakh crore in six trading sessions as concerns over coronavirus becoming a pandemic made investors flee riskier assets.

Market capitalisation of BSE-listed firms declined to Rs 148.53 lakh crore in Friday’s early trade against Rs 158.71 lakh crore on February 19. The benchmark BSE Sensex t

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Dow suffers record decline of 1,190 points as Wall Street leads global stocks lower
Wall Street's main indexes plunged on Thursday for the sixth straight session, with the S-P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth.

The S-P 500 finished 12% below its Feb. 19 record close, marking its fastest correction ever in just six trading

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HPCL buys 17.28% stake in Petronet MHB for Rs 185 crore
Hindustan Petroleum Corp Ltd (HPCL) on Thursday said it has acquired 17.28 per cent stake in Petronet MHB Ltd, a firm that owns a petroleum product pipeline at Mangalore, for Rs 185.38 crore. HPCL and its parent, Oil and Natural Gas Corp (ONGC), presently hold 32.72 per cent stake each in the company that transports petroleum products.

In a

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These stocks defy market mood, gain in today's trade

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Infosys allots 2.23 lakh equity shares under 2015 Stock Incentive Compensation Plan
New Delhi: IT services major Infosys on Thursday said it has allotted 2.23 lakh equity shares under its 2015 Stock Incentive Compensation Plan to the CEO, COO and other eligible employees. It further said the issued and subscribed share capital of the company has consequently "increased to Rs 21,29,44,27,185, divided into 4,25,88,85,437 equity
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Mahindra CIE Automotive shares end in red for 10th straight session
Shares of Mahindra CIE Automotive on Thursday closed the session marginally lower reacting to the disappointing performance of the company in December quarter results. On the BSE, the stock traded in the red for the whole session but managed to go above its opening value only at the end of the market hours. It lost as much as 8.5 per cent to its
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The Securities and Exchange Board of India (Sebi) exhorted the mutual fund industry to build an adequate ‘liquidity buffer’ for debt schemes to be better prepared for any event of a crisis in future. The capital markets regulator has also asked mutual funds to participate more in the voting process of company resolutions rather than abstain from th
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Tata Motors, two group finance firms accused of antitrust violations in India: Sources
India's competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters.

The Competition Commission of India (CCI) is reviewing a complaint which alleges the country's

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Tech View: Nifty forms Hammer candle; market may see mild relief
Late buying aided NSE benchmark Nifty50 form a Hammer-like candle on the daily chart on Thursday. Supports shifted lower, as suggested by the formation of lower highs and lows for the fourth straight session. Analysts believe the market may find temporary support at current levels.

Although Nifty settled the expiry day session on a negative note,

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Traders carried forward bearish bets to the March derivatives series as the stock market could remain on shaky ground because of continued worries over Covid-19 outbreak turning into a world-wide pandemic. With benchmark indices hitting four-month lows on Thursday, expiry day of the February series, analysts expect a bounceback, but fear any
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Morgan Stanley France sells Titan shares worth Rs 125 crore

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Market Movers: RITES falls as OFS sails, Axis Bank gains; buy signals in 25 stocks
Shares of state-run consultant RITES slumped 6 per cent on Thursday even as the company’s offer for sale opened and the non-retail quota got fully subscribed within hours.

Axis Bank gained after the lender appointed a new chief financial officer. It was among the biggest gainers on the 30-share pack Sensex. The BSE flagship, however, shed 143

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Buy Honeywell Automation India, price target Rs 35,000: Shrikant Chouhan

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For mutual fund industry, it's back to basics
MUMBAI: The recent credit crisis has thrown up learning lessons for all stakeholders — be it fund houses, investors, distributors or credit agencies.

“In the last 18 months, most of the credit defaults we have seen are not because of business reasons, but more due to governance. Mutual funds got to understand and became careful about concentration

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F O: Pain may persist in market if Nifty50 remains below 11,535
By Chandan Taparia

Nifty opened with a gap down for yet another session on Thursday and corrected sharply towards the 11,537 mark in the initial hour of trade. It continued to make lower highs and lows for the fourth consecutive session and closed with a loss of 45 points. The index breached the Budget Day’s low in first half of the session, but t

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Buy Jubilant Foodworks, price target Rs 1,945: Shrikant Chouhan

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NEW DELHI: In a highly volatile session on Thursday, the domestic stock market fell for a fifth straight session. NSE benchmark Nifty opened in the red on the day of February derivatives series expiry and soon slipped below the crucial 10,550 level. After recovering over 100 points from the day’s low, the headline index settled 45.20 points or 0
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Thomas Cook to buy back shares worth Rs 150 crore
Thomas Cook Thursday said it has received board approval for a buyback of up to 26 million fully paid up shares at a price of Rs. 57.50 apiece for a maximum aggregate amount of Rs 150 crore.

The buyback price is at a premium of 40% over the closing market price on Feb 25 the statement said.

The buyback record date has been fixed as March 7, 2020

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Buy Hindustan Unilever, price target Rs 2,370: Shrikant Chouhan

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Coronavirus wipes out $3 trillion equity investor wealth; safe havens thrive
LONDON: Risk aversion drove global stocks lower on Thursday, increasing their drop in value this week alone to more than $3 trillion, and U.S. Treasuries yields hit record lows as the coronavirus spread faster outside China than in.

The number of new infections in China - the source of the epidemic - was for the first time overtaken by new cases

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BUY, SELL, HOLD ideas from D-Street experts
NEW DELHI: The domestic equity market is likely to see a negative start on Thursday, tracking Nifty on Singapore Stock Exchange (SGX). ET Now spoke to various experts and here's what they have to recommend for today's trade.

CK Narayan of Chart AdviseTorrent Pharma is a 'buy' call with a target price of Rs 2,275 and stop loss of Rs 2,220. NMDC is

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Buy Pidilite Industries, price target Rs 1,630: Shrikant Chouhan

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Dow Jones plunges over 600 points on alarm over coronavirus
Wall Street's main indexes fell for the sixth straight session and slipped into correction territory on Thursday, as the rapid spread of the coronavirus outside China intensified fears about the hit to economic growth and corporate earnings.

The S-P 500 and Nasdaq are now more than 10% below their intraday record highs hit on Feb. 19, while

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Morgan Stanley ups target price on SBI by 14%
Mumbai: Morgan Stanley has raised its price target on State Bank of India by 14 per cent to Rs 375 citing better performances of its subsidiaries — mutual fund, life insurance and cards businesses.

The brokerage, however, has retained its ‘equal weight’ rating on the stock because of continued uncertainty about asset quality.

“All three large s

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