StockMarket

Fund raising via QIP drops 78% to Rs 7,000 crore in Apr-Aug FY19
Capital garnered by Indian companies through issuance of shares to institutional investors dived by 78 per cent to Rs 7,000 crore during the April-August period of the financial year 2018-19.

The firms had raised Rs 31,153 crore during the corresponding period of the previous financial year.

According to the data available with the Securities and

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By DK AggarwalDK-snip-100Non-banking financial companies (NBFCs) have played a critical role in stimulating growth in f the Indian economy and their share in outstanding credit rose to 12.6 per cent at the end of FY18 from 10.8 per cent two years ago.

Recently, the sector was spooked after DSP Mutual Fund (MF) sold DHFL’s commercial paper at a yield higher

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Global markets themes for the week ahead
LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/HELTER SKELTERThe past week’s stock market slide has wiped $2.6 trillion off the value of global equity. The selloff in itself surprised no one; more interesting was the suddenness and t

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Mutual funds collection via SIP up 40% to Rs 7,727 crore in September amid volatile markets
Mutual fund industry managed to garner Rs 7,727 crore through systematic investment plans (SIPs) in September, a surge of 40 per cent from the year-ago period, despite corrections in equity market.

With this, total SIP contribution in the first half of the current fiscal rose to Rs 44,487 crore, compared to Rs 29,266 crore in April-September 2017,

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Tata Sponge Iron July-September net profit flat at Rs 27.63 crore
Tata Sponge Iron, an associate firm of Tata Steel, said Friday its consolidated net profit remained flat at Rs 27.63 crore during the quarter ended on September 30, 2018. The net profit during the year-ago quarter stood at Rs 27.62 crore, Tata Sponge Iron Ltd said in a filing to BSE.

During the July-September 2018, the company said its total incom

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Investor wealth soars Rs 2.98 lakh crore as stocks rally
Investor wealth soared by Rs 2.98 lakh crore Friday as the BSE benchmark index zoomed over 700 points, largely in tandem with rebounding global markets.

The BSE Sensex Friday posted its biggest single-day gain in 19 months, soaring 732.43 points to close at 34,733.58.

Led by the surge in stocks, the market capitalisation of BSE-listed companies

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Energy, metal, pharma, bank, IT stocks look safer than others
Indian equity benchmark Nifty50 saw violent selloff ever since the beginning of September. On the week ending October 5, the index violated a three-year-old upward rising channel.

Though it saw a smart bounce on Friday, where it seems to have formed a near-term bottom, here is a look at how the domestic equity market was placed vis-à-vis it global

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Sebi imposes Rs 7 lakh fine on three entities for disclosure lapses
Markets regulator Sebi Friday imposed a total fine of Rs 7 lakh on three entities for failing to disclose the change in their shareholding in PMC Fincorp. Sebi fined Seabird Retails Pvt Ltd and Seabird Distributors Pvt Ltd Rs 3 lakh each, while it imposed a penalty of Rs 1 lakh on Economy Suppliers Pvt Ltd for violating PIT (Prohibition of Insider
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IL FS' new board initiates austerity measures
The newly appointed board of cash-strapped Infrastructure Leasing and Financial Services (IL-FS) in its second meeting Friday initiated austerity measures for personnel and operating expenses.

The seven-member board, headed by veteran banker Uday Kotak, also appointed nominee directors for eight of IL-FS' subsidiaries, and had detailed

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China central bank chief says plenty of room for monetary adjustments amid trade row
China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the United States remain significant.

China faced "tremendous uncertainties" due to the impact of tariffs and trade frictions and was seeking a

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Over the past one-and-a-half months, the Indian market has scared away half of its participants. Open interests in Bank Nifty and Nifty have reduced by 40 per cent from the peak levels seen in July-August. Additionally, the market has become super-volatile amid negative sentiments in the media, which is evident from headlines such as “Another D
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MTNL gets c nod to raise authorised share capital to Rs 10,000 crore\
State-run telecom firm MTNL Friday said its shareholders have approved proposals to raise authorised share capital by over 12 times to Rs 10,000 crore and borrowing limit by around 38 per cent to Rs 25,000 crore.

"To increase the authorised share capital of the company from Rs 800 crore to Rs 10,000 crore, a total of 99.9421 per cent shareholders

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Three of top 10 companies lose Rs 1 lakh crore in m-cap; TCS hit hard
NEW DELHI: Three of the 10 most valued Indian companies together witnessed an erosion of Rs 1,07,026.12 crore in market capitalisation last week, with IT major TCS taking the biggest knock.

Tata Consultancy Services (TCS), ITC and Infosys suffered a decline in their valuation for the week ended Friday, whereas RIL, HDFC Bank, Hindustan Unilever Ltd

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Mumbai:Stocks were resurgent across global markets on Friday after carnage over the past few days, helping the Sensex and Nifty post their first weekly gain in six weeks and lifting the mood among investors who had lost most of the profits they made in 2018. Indian equities posted their biggest daily rise in 29 months as the overnight fall in
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After Market: IT-s pain, 280 scrips in the buy zone oversold stocks
NEW DELHI: Friday's session offered big relief to market participants on Dalal Street as sustained buying across sectors offered the bulls a booster doze to help regain their control on the market.

A fall in crude oil prices and recovery in the rupee scripted the rise in the market. BSE Sensex closed 732 points, or 2.15 per cent, higher at

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NEW DELHI: After five consecutive weeks, equity barometer Sensex managed to close a highly volatile week with gains, thanks to Friday’s fireworks on Dalal Street.

A jump in the rupee and drop in crude oil prices soothed the nerves of traders and investors in the last session of the week, which triggered all-round buying and offered the bulls a

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Private insurers lead new business WRP growth in September
MUMBAI: Private insurers led the growth in the industry in September as new business weighted retail premium (WRP) grew 16.8 per cent, industry data showed. Life Insurance Corp, which has been hit by competition, has lost retail market share as this year’s loss rose to 600 basis points.

Private players’ new business WRP growth came even as the i

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After Market: IT-s pain, 280 scrips in the buy zone oversold stocks
NEW DELHI: Friday's session offered big relief to market participants on Dalal Street as sustained buying across sectors offered the bulls a booster doze to help regain their control on the market.

A fall in crude oil prices and recovery in the rupee scripted the rise in the market. BSE Sensex closed 732 points, or 2.15 per cent, higher at

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BOJ's Kuroda says Fed rate hikes good for global economy

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Sebi eases cost, compliance burden on issuer of debt securities
To ease the cost and compliance burden on the issuer of securities, markets regulator Sebi has done away with the requirement of 1 per cent security deposits with exchanges for public issuance of debt securities.

The decision comes after the board of Sebi approved a proposal in this regard in its meeting last month.

Currently, 1 per cent of the

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Tech view: Nifty forms Morning Star pattern; may have found a bottom
NEW DELHI: The Nifty50 staged a strong rebound on Friday, but could not reclaim the 10,500 level. The index fo rmed a ‘Morning Star’ pattern on the daily chart, which would be confirmed only if the index shows followup buying next week.

In such a case, Thursday’s intraday high of 10,138 level could emerge as a short-term bottom.

“The index f

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Avenue Supermarts Q2 net profit rises 18% YoY to Rs 226 crore
NEW DELHI: Radhakishan Damani-led Avenue Supermarts on Saturday posted 18.16 per cent year-on-year rise in net profit at Rs 225.74 crore for the quarter ended September 2018. It had posted a net profit of Rs 191.04 crore in the corresponding quarter last year.

Revenue from operations jumped 38.94 per cent YoY to Rs 4,872.52 crore for the quarter

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Karnataka Bank Q2 profit up 20% at Rs 112 crore on lower provisions
Private sector Karnataka Bank Friday posted a 20 per cent increase in its net profit at Rs 111.86 crore in the second quarter ended September 2018 on lower provisioning for bad loans and healthy core income.

Bank's net profit in the corresponding July-September quarter of 2017-18 was at Rs 93.38 crore.

Total income of the bank increased to Rs

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Bandhan Bank gets Sebi exemption from 1-year lock-in
Mumbai: Bandhan Bank on Friday received exemption from markets regulator Sebi with respect to restriction of promoter selling shares within one year of listing, paving the way for reducing of stake through acquisitions.

In a move towards divesting promoter shareholding to meet the Reserve Bank of India’s licensing norms, Bandhan Bank said it r

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The week in 10 stocks: TCS, Tata Motors, Bandhan Bank, JSW Steel stole limelight
The domestic equity market had a roller-coaster ride during the week gone by, owing to both global as well as domestic worries. The equity indices finally managed to settle in the green, thanks to significant gains in the week’s final trading session on Friday.

The rupee hit a fresh record low of 74.48 against the dollar during the week, but

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Tech stocks lead Wall Street's bounce after two-day slide
Wall Street climbed more than 1 percent on Friday following its worst two-day slide in eight months, with technology and other high-growth stocks leading a fight back.

Ten of the 11 major S-P sectors were higher, led by the technology sector's 3.11 percent jump, with Microsoft and Apple gaining 3 percent.

JPMorgan Chase - Co and Wells

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HUL delivers good performance in Q2: Here are 5 key takeaways
NEW DELHI: FMCG major Hindustan Unilever (HUL) on Friday posted 19.51 per cent year-on-year rise in net profit at Rs 1,525 crore for quarter ended September 30. The firm had posted a profit of Rs 1,276 crore in the corresponding quarter last year.

Sales increased by 11.45 per cent YoY to Rs 9,138 crore for the quarter under review against Rs

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The week gone by brought some respite from the severe selloff seen in equity markets over the past many days. In the week before this, Nifty saw its worst ever lost in the recent past, shedding some 5.62 per cent.

However, last week was relatively kinder, and Nifty saw a minor pullback. The benchmark index ended the week, gaining 156 points or

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Nalco board approves share buyback worth Rs 504.8 crore
New Delhi: State-owned Nalco Friday said its board has approved proposal to buyback shares worth Rs 504.8 crore.

National Aluminium Company Ltd in a filing to the BSE said that "the board of directors of the company in their meeting held on October 12, 2018 has unanimously approved.the proposal to buyback not exceeding 6,73,11386 equity

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F O: The bulls seem to have returned; Vix yet to confirm it
By Chandan TapariaThe Nifty50 index opened positive and witnessed sustained buying interest for most part of Friday’s session, as it headed towards the 10,500 mark. It managed to reclaim its lost ground after Thursday’s sharp decline and closed with a decent gain of over 200 points.

The index formed a bullish candle with a Morning Star

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