StockMarket

Sensex records biggest single-day gain in 2 years, Nifty tops 10,450
NEW DELHI: Indian stock market staged a smart comeback on Friday with the BSE benchmark Sensex posting its biggest point-wise gain in over two years amid global markets’ recovery from the severe selloff in the previous session. The rally was also fuelled by a rebound in the rupee.

Sensex closed Friday’s session 732.43 points, or 2.15 per cent, h

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KOLKATA | MUMBAI: PNB Housing Finance is looking to raise another $250-300 million through external commercial borrowing by November amid market turmoil and fear of a further squeeze in the liquidity system.

This will be the second external borrowing by the Delhi-based home loan lender in as many months although the company maintained that it has

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Share market update: OMC stocks surge; HPCL, RIL among top gainers
NEW DELHI: Shares of oil marketing companies (OMCs) were trading with decent gains in Friday's session amid a slight fall in global crude oil prices.

Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4

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10 stocks that plunged most on BSE on Friday
NEW DELHI: Equity benchmarks Sensex and Nifty logged healthy gains on Friday, a day after suffering massive losses.

The BSE Sensex closed 732 points, or 2.15 per cent, higher at 34,733.58, with 29 stocks in the green and only one - Tata Consultancy Services - in the red.

The NSE Nifty50 jumped 238 points, or 2.32 per cent, settling at 10,472.50,

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HUL Q2 results today: Here's what to track
FMCG major Hindustan Unilever is set to announce its financial results for the September quarter on Friday.

Brokerage firm HDFC Securities expects HUL to post revenue growth of 13 per cent in July-September, with 17.50 per cent year-on-year rise in adjusted profit after tax. The brokerage house sees adjusted EPS at Rs 5.70 over Rs 6.7 in Q2 of

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Maverick stock trader Jesse Livermore, whose life was a curious blend of the sublime and the ridiculous, had famously remarked that the Wall Street offered nothing that was spectacularly new. “There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before, and will happen again,” the legen
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This market is designed to shift money to those who are patient
NEW DELHI: Domestic equity indices may have seen a solid bounce on Friday after Thursday’s merciless correction, but the worries have not really gone away overnight.

Overseas portfolio investors continue their selling spree as they chase better and safer yields in developed markets, crude prices continue volatile swings, rupee remains shaky and

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Reliance MF bags mandate for ESIC funds
reliance mf: Reliance MF bags mandate for ESIC funds - The TheIndianSubcontinent

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Yes Bank peace process moves a step forward
Mumbai:Yes Bank’s main promoters took another step earlier this week toward bridging the differences between themselves when an executive considered close to CEO Rana Kapoor met Shagun Gogia, daughter of copromoter Madhu Kapur, to share balance sheet details and get the latter up to date with the lender’s financials, two people familiar with the d
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PNB Housing jumps 7% on fund raising plan
NEW DELHI: Shares of PNB Housing Finance jumped nearly 7 per cent in Friday’s trade amid reports that the company is looking to raise another $250-300 million through external commercial borrowing by November amid market turmoil and fear of a further squeeze in the liquidity system.

The stock rose 6.7 per cent to hit a high of Rs 925 on BSE.

This

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MUMBAI: High net worth (HNI) investors are choosing simple products over complex and exotic instruments in a falling and volatile market.

Mid-cap and small-cap portfolio management schemes (PMS), perpetual bonds, preference shares, and credit risk funds are clearly not favoured by the rich now.

Instead, affluent investors are opting for simple and

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Sell Mahindra Mahindra, target Rs 690: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a sell call on Mahindra - Mahindra Ltd. with a target price of Rs 690. The current market price of Mahindra - Mahindra Ltd. is Rs 756. Time period given by the analyst is Intra Day when Mahindra - Mahindra Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs
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ET Intelligence Group: The second quarter performance of Tata Consultancy Services (TCS) shows that the country’s largest software exporter is on a solid footing. For the first six months of the current fiscal, the company delivered a double- digit topline growth in dollar terms for the first time in four years. And, this was without sacrificing o
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Bali earthquake greets finance chiefs in island of the gods
A sacred ritual was held recently in the shadow of a rumbling volcano in Bali to ask the Gods to bless the world’s financial chiefs. It’s not an uncommon sight in Indonesia, a country of 17,000 islands that’s prone to earthquakes and volcanoes. As finance ministers and central bankers from 189 countries gathered for the International Monetary
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Investors lose Rs 2.63 lakh crore as over 250 stocks hit lower circuits
NEW DELHI: It was yet another terrible Thursday for stock market investors, as more than Rs 2.63 lakh cro re got wiped out in across the board selloff, wherein over 250 stocks hit their lower circuits on the BSE.

The market capitalisation of all the BSE-listed firms fell to Rs 135.77 lakh crore from Rs 138.40 lakh crore.

Both benchmark indices

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10 stocks that defied bullish market sentiment, cracked up to 19%
NEW DELHI: Domestic equity market benchmark Sensex jumped over 500 points during early deals while the NSE counterpart Nifty breached 10,400 in the wake of a decent rise in rupee and an ebb in the global crude oil prices.

The NSE Nifty index was trading 169 points up at 10,404, while the BSE Sensex was up 525 points at 34,526 around 09:45 am.

Howe

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Buzzing stocks: Adani Power, YES Bank, RCom, TCS, RIL
NEW DELHI: With over 2.23 crore shares changing hands, Adani Power was leading the pack of most traded stocks on NSE in morning trade on Friday.

Reliance Communications (number of shares traded: 2.10 crore) and Suzlon Energy (1.64 crore) were up next.

YES Bank (1.17 crore), JP Associates (1.04 crore), GMR Infra (0.85 crore), SAIL (0.73 crore),

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Sensex plunges 760 pts, turns negative for 2018; Nifty ends below 10,250
NEW DELHI: Stock benchmark Sensex erased all gains of 2018 on Thursday, as the index plunged over 2 per cent, following selloff in global markets, which was triggered by significant losses in Wall Street in overnight trade.

The US stock market plummeted to its lowest level in over eight months. This engulfed Asia and Europe too. European stocks

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Tata Capital to diversify business amid volatility
Mumbai: Tata Capital, the financial services arm of the $100-billion Tata Group, plans to add more lending products, expand business within the group, and tap new sources of funding, such as masala bonds and non-convertible debentures (NCDs), to diversify its balance sheet, CEO Rajiv Sabharwal said in an interview.

“Due to the volatilities facing t

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ICICI Bankdollar CDS soars to highest in 2 years
MUMBAI: Equity investors are obviously happy with Sandeep Bakhshi’s elevation to the CEO’s job at ICICI Bank, but buyers of bonds issued by the private-sector lender still appear a bit concerned about asset quality, and the overall liquidity situation in India’s debt market.

One-year contracts of credit default swaps (CDS), which act as a shield

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Future Enterprises raises Rs 300 crore via NCDs
NEW DELHI: Homegrown retail major Future Enterprises Thursday said it has raised Rs 300 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

"The committee of directors of the companyconsidered, approved and allotted 1,200 secured, rated, redeemable non-convertible debentures of Rs 10 lakh each and 1,800 secured,

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JSW Steel, 3 others eye Uttam Galva companies
MUMBAI: JSW Steel, Liberty House, SSG Capital Management, and Aion Investments have shown interest in debt-laden Uttam Value Steels and Uttam Galva Metallics, according to a source aware of the development.

APL Apollo, meanwhile, has shown interest in buying Uttam Value Steels, the source told ET.

Both target companies are subsidiaries of

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Stock market update: Nifty IT in red; TCS, Infosys, HCL Tech, Wipro, Tech Mahindra fall
NEW DELHI: Friday's trade began with solid gains for domestic equity market.

Domestic equity market benchmark Sensex jumped over 500 points during early deals while the NSE counterpart Nifty breached 10,400 in the wake of a decent rise in rupee and an ebb in the global crude oil prices.

All sectoral indices, but Nifty IT, were in the green on

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Future Enterprises raises Rs 300 crore via NCDs
NEW DELHI: Homegrown retail major Future Enterprises Thursday said it has raised Rs 300 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

"The committee of directors of the companyconsidered, approved and allotted 1,200 secured, rated, redeemable non-convertible debentures of Rs 10 lakh each and 1,800 secured,

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10 stocks that gained most in early trade on Friday
NEW DELHI: Domestic equity market benchmark Sensex jumped over 500 points during early deals while the NSE counterpart Nifty breached 10,400 in the wake of a decent rise in rupee and an ebb in the global crude oil prices.

Rupee registered a decent rise against the US dollar today. At the time of writing this report, the domestic currency was

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ETMoney offers 1.7cr investors option to change mf plans on app
New Delhi: ETMoney, the largest app-based seller of financial products, is offering 1.7 crore mutual fund investors the option to convert their existing plans on its application, which it says will lead to savings on annual commissions they are currently paying.

The financial products platform, which has over 40 lakh users and generated over 2

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By Eric Lam

There were no good spots for investors to hide in Thursday’s global market rout, as Bitcoin and other cryptocurrencies joined the selloff.

Bitcoin, the largest digital currency, tumbled as much as 7 per cent to the lowest since mid-August, then pared its loss to 4.8 per cent as of 9:30 a.m. in London, according to prices compiled by

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Global equities plunge, yet gold doesn&t glitter
Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not be getting any love.

The biggest selloff in equities since February rolled through Asia and into Europe on Thursday, triggering steep losses in benchmark share

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Sensex rallies 600 points, Nifty50 tops 10,400; TCS down 2%
NEW DELHI: Domestic equity market benchmarks rebounded from yesterday's selloff as BSE Sensex jumped 600 points during early deals while the NSE counterpart Nifty breached 10,400 level in the wake of a decent rise in rupee and an ebb in the global crude oil prices.

The US dollar and bond yields also eased providing relief to equity investors.

The

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NSE signs MoU with IBJA to deepen commodity market
KOLKATA: National Stock Exchange of India Ltd (NSE) has signed a memorandum of understanding (MOU) with India Bullion Jewellers Association (IBJA) to enable both NSE and IBJA to closely work together towards deepening the commodity markets in India through awareness and educative programmes for end investors and also look for areas of
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