StockMarket

10 stocks that surged most on BSE
NEW DELHI: Domestic equity benchmarks Sensex and Nifty opened in the green on Wednesday amid rupee's rise against the US dollar and a dip in global crude oil prices.

Market also cheered RBI's announcement that it will inject liquidity of Rs 12,000 crore into the system through the purchase of government bonds on Thursday to meet the festival

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Buy Aurobindo Pharma, target Rs 800: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Aurobindo Pharma Ltd. with a target price of Rs 800. The current market price of Aurobindo Pharma Ltd. is Rs 763.35. Time period given by the analyst is Intra Day when Aurobindo Pharma Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 750. Aurobindo Pharma
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NEW DELHI: A day after logging gains, the domestic equity market returned to the negative territory on Tuesday on losses in select auto, FMCG, bank and energy heavyweights amid a record-setting fall in the rupee and uninspiring global cues.

Cautious investors kept their bets restrained ahead of corporate earnings, while absence of any positive

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Oct 10, 2018, 10.20 AM IST

Money---Buy---Getty-1 Bandhan caters to 3,000 customers on an average per branch, while bigger banks cater to about 20,000 to 25,000 customers per outlet.
Bandhan Bank is scheduled to announce its second-quarter earnings Wednesday, the first time after it was penalised by the central bank for failing to bring down promoter holding to 40 per
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DHFL likely sold Rs 5,000-7,000 crore loans to SBI
Dewan Housing Finance is said to have sold about Rs 5,000-7,000 crore of its loans to the State Bank of India (SBI), a transaction that should help restore investor confidence in NBFCs currently battling tight liquidity conditions.

The portfolio included small-ticket quality home loans, yielding regular repayments, three people familiar with the

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F O: Vix slips; options show a tight bear grip on the market
By Chandan TapariaThe Nifty50 index had a volatile session on Tuesday as the bulls and the bears both fought a tug of war to defend the 10,400 and 10,300 levels, respectively. The index managed to recover towards the 10,385-10,400 zone, but absence of followup buying took it back to 10,300 level. It failed to surpass Monday’s high of 10,398 and f
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ICAI makes UDIN mandatory for member CAs
The Institute of Chartered Accountants of India (ICAI) has made it mandatory for its members to get a unique document identification number, or UDIN, a move to identify and weed out fake chartered accountants.

From January 1, 2019, all paperwork for clients will need to show UDIN of the chartered accountants.

It has been noticed that financial

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Trade setup: 10,198-10,250 zone to be key for Nifty50 on Wednesday
Equities witnessed yet another volatile session, as Nifty spent the major part of the day oscillating in a capped range. Though the last hour of the trade saw the index paring its gains sharply, as the ever-depreciating rupee and the rise in Brent crude took its toll. The Nifty ended losing 47 points or 0.45 per cent.

The market is now poised at

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Sensex, Nifty drop on fresh spurt in oil price, fall in rupee
NEW DELHI: A sharp selloff in the last half hour of the session gripped headline indices Sensex and Nifty on Tuesday in a trade marked by high volatility.

The domestic indices swung between gains and losses throughout the session, only to relinquish Monday’s profits as Sensex ended 0.51 per cent or 174.91 points lower at 34,299.47.

Its NSE

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Buzzing stocks: Tata Motors, JP Associates, YES Bank, DHFL
NEW DELHI: With over 1.14 crore shares changing hands, Tata Motors was leading among most traded stocks on NSE in Wednesday's morning session.

JP Associates (number of shares traded: 1.09 crore) and DHFL (1.05 crore) were up next.

YES Bank (0.99 crore), Reliance Communications (0.92 crore), Idea Cellular (0.64 crore), Suzlon Energy (0.56 crore),

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Investors rush to mutual funds, 65 lakh folios added in H1FY19
New Delhi: Growing investor interest in mutual funds has led to an addition of over 65 lakh new folios in the first six months of the current fiscal, taking the total to an all-time high of 7.78 crore at the end of September.

This follows an addition of 1.6 crore investor accounts in 2017-18 fiscal, over 67 lakh folios in 2016-17 and 59 lakh in

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Moody's sees fiscal deficit at 3.4% in FY19
NEW DELHI: Global financial services firm Moody's Investors Service sees fiscal deficit at 3.4 per cent of GDP in FY19.

The government plans to reduce fiscal deficit to 3.3 per cent of GDP in 2018-19 from 3.53 per cent a year ago. The fiscal deficit target for 2018-19 is Rs 6.24 lakh crore.

“There is a material risk to FY19 fiscal deficit,” said G

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Garden Reach Shipbuilders makes tepid debut, lists at 13% discount to issue price
NEW DELHI: Shares of Garden Reach Shipbuilders - Engineers made a tepid debut on NSE, as the scrip got listed at Rs Rs 102.50 on NSE, a 13.14 per cent discount to its issue price of Rs 118. On BSE, the scrip got listed at Rs 104, down 11.86 per cent.

The Kolkata-based mini-Ratna company makes warships for the Indian Navy and the Coastguard. It

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Zee Entertainment Q2 earnings on Wednesday: Herewhat to expect
Zee Entertainment is slated to announce its financial results for the quarter ended September on Wednesday.

Brokerage HDFC Securities sees domestic advertising revenue growth of Zee Entertainment (ZEEL) to be healthy at 19 per cent. It further believes that strong performance to be led by market share gains in flagship channels and continued

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Government denies its finances in a mess
By Ruchi Bhatia

The government is staring at a "fiscal quagmire" as there is no relief in sight from surging oil prices and a falling rupee.

Secretary for Economic Affairs Subhash Chandra Garg immediately denied the report. "A news agency has published an item attributed to unnamed Finance Ministry official about dividend getting reduced from oil

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Carlyle, PNB drop plans to sell stake in PNB Housing Fin as valuation dips
US private equity investor The Carlyle Group and staterun Punjab National Bank have scrapped their planned stake sale in housing finance unit PNB Housing Finance Ltd as bidders appear to be going back on their proposal following halving of valuation of the mortgage lender in recent months, said people familiar with the developments.

“With the v

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Sebi allows foreign entities in commodity derivatives market
New Delhi: With an aim to deepen the commodity derivatives market, regulator Sebi Tuesday allowed trading in the segment by foreign entities with exposure to the Indian physical commodity market.

Currently, foreign entities are not permitted to directly participate in the Indian commodity derivatives market, even if they import/export various

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Nomura sees further 5-10% fall in stock market
Mumbai: A further downside of 5-10% in the Indian stock market cannot be ruled out in the near term as valuations are still not attractive enough though a lot of the excesses in valuation have been corrected in the recent fall, said Nomura Advisory and Securities (India).

The firm has rolled forward earnings estimates and reset its Nifty target

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Sensex jumps 150 pts, Nifty50 tops 10,350; Tata Motors up 2%
NEW DELHI: Domestic equity benchmarks Sensex and Nifty opened in the green on Wednesday amid rupee's rise against the US dollar and a dip in global crude oil prices.

The domestic currency on Wednesday opened 26 paise up at 74.13 against the dollar tracking overnight losses in the American currency amid a buzz in markets that the RBI and the

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By Alfred CangChina’s 400 million pigs may have to get used to a new diet in the name of national interest.

The country is considering whether to cut the amount of protein required in food for pigs, according to the state-run China Feed Industry Association, to reduce soybean purchases from abroad. The nation’s facing soaring prices of meal made f

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8 stocks that plunged most on BSE
NEW DELHI: Equity benchmarks Sensex and Nifty turned choppy after registering a positive start on Tuesday.

While rupee's rise and easing crude prices gave some hope, mixed global cues kept investors cautious.

IT, auto, consumer durables, teck and realty stocks were experiencing selling pressure. Metal, capital goods and financial stocks, however,

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Buy Dr. Reddy's Laboratories, target Rs 2550: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on Dr. Reddy's Laboratories Ltd. with a target price of Rs 2550. The current market price of Dr. Reddy's Laboratories Ltd. is Rs 2446.6. Time period given by the analyst is Intra Day when Dr. Reddy's Laboratories Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at
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LIC may post low profit due to its portfolio churn
By Vijay Ganeshan Iyer Life Insurance Corporation, which is often seen as a knight in the government's armour, is feeling a short term pinch for the first time in many years, an ETNow report said.

According to sources, the government's 'golden goose' is feeling this pinch due to obligations and a toughening business environment.

The premier

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NEW DELHI: A small pullback in the benchmark equity indices in Monday’s trade following three days of battering raised hopes of a possible recovery, but technical charts suggested it might just be a dead-cat bounce.

Analysts said any bounce at this stage may be shallow and traders must exercise caution.

But all is not that gloomy.

There are a

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Manas Jaiswal of manasjaiswal.com has a sell call on Kaveri Seed Company Ltd. with a target price of Rs 440. The current market price of Kaveri Seed Company Ltd. is Rs 482.15 Time period given by the analyst is Intra Day when Kaveri Seed Company Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 500.

Kaveri

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Tech view: Nifty50 charts show any bounce likely to be shallow
Nifty had a rangebound session on Tuesday, as heavy selling during the last half hour of trade gave strength to the bears.

The 50-share Nifty index, which opened 42 points higher, ended the da y 47 points, or 0.45 per cent, down at 10,301 against the previous close of 10,348.

In this process, the benchmark index formed a black candlestick

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Garden Reach Shipbuilders to list on bourses on Wednesday
Garden Reach Shipbuilders - Engineers is slated to get listed on the BSE and the NSE on Wednesday.

Earlier, the initial public offer (IPO) of the company was subscribed 1.02 times.

The Rs 345-crore IPO received bids for 2,97,58,920 shares against the total issue size of 2,92,10,760, data available with the NSE showed.

The QIB (qualified

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Buy Dhampur Sugar Mills, target Rs 155: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Dhampur Sugar Mills Ltd. with a target price of Rs 155.0 . The current market price of Dhampur Sugar Mills Ltd. is Rs 142.0 Time period given by the analyst is Intra Day when Dhampur Sugar Mills Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 13350. Dhampur
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State Bank of India ups target for loan portfolio purchase from NBFCs
Coming to the rescue of cash-strapped NBFCs, State Bank of India Tuesday decided to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to non-banking financing companies facing headwinds after a series of loan defaults by IL-FS group firms.

The decision of SBI, Economic Affairs Secretary Subhash Chandra

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10 stocks that surged over 10% on BSE
NEW DELHI: Equity benchmarks Sensex and Nifty turned choppy after registering a positive start on Tuesday.

While rupee's rise and easing crude prices gave some hope, mixed global cues kept investors cautious.

IT, auto, consumer durables, teck and realty stocks were experiencing selling pressure. Metal, capital goods and financial stocks, however,

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