StockMarket

Pramod Gubbi quits Ambit Capital
Ambit Capital’s institutional equities business has seen a second senior level exit in a short period.

The brokerage’s head of equities, Pramod Gubbi, has quit the firm after bring onboard for nearly eight years. September 30 was his last working day at the company. Gubbi has joined Marcellus Investment Managers, founded by Saurabh Mukherjea,

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F O: Option band signals shift in lower trading band for Nifty
By Chandan TapariaThe Nifty50 index failed to surpass the 11,000 mark and corrected sharply towards the 10,850 level on Wednesday. It traded in the deep oversold territory, but failed to surpass the resistance levels, causing selling pressure after the bounceback.

It is near its 50% retracement of the entire upswing from 9,952 to 11,760

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Stock market update: OMCs climb up to 5%; HPCL, BPCL, ONGC top gainers
NEW DELHI: Shares of most oil marketing companies (OMCs) were trading with gains in afternoon trade on Wednesday, keeping the sectoral index in the positive zone.

The BSE Oil - Gas index was trading 1.2 per cent up at 14,972 around 01:15 pm.

HPCL (up 4.77 per cent), BPCL (up 3.08 per cent), Indian Oil Corporation (up 2.41 per cent) and ONGC

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Stock market update: Auto stocks fall up to 5%; Eicher Motors, Hero MotoCorp top losers
NEW DELHI: Most auto and auto ancillary stocks were incurring losses, keeping the sectoral index down in Thursday's session.

The BSE Auto index was trading 1.25 per cent down at 20,748 around 10:45 am.

Eicher Motors (down 4.75 per cent), Hero MotoCorp (down 3.70 per cent), TVS Motor Company (down 2.65 per cent), Bosch (down 2.25 per cent) and

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WFE names NSE's Limaye as chairman of working committee
World Federation of Exchanges (WFE), which represents nearly 45,000 listed companies, has appointed NSE's Managing Director and CEO Vikram Limaye as the chairman of its working group committee.

WFE, which is the global industry association for exchanges and clearing houses, also admitted six new members taking the total number of full members to

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Share market update: Telecom index falls 2%; Vodafone Idea, Bharti Infratel, Airtel drag
NEW DELHI: The BSE Telecom index was in the negative territory in afternoon trade on Wednesday on losses in select heavyweight counters.

The telecom pack was trading 2 per cent down at 988 around 01:05 pm.

GTL Infrastructure (down 4.72 per cent) was the top loser of the pack, followed by Bharti Infratel (down 4.32 per cent), Vodafone Idea (down

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Jhunjhunwala takes big hit from market rout, some of his midcaps down up to 75% in 2018
NEW DELHI: It is not only retail investors, PMS managers and their high net-worth clients who are bearing the brunt of the ongoing market crash.

Even seasoned investors like Rakesh Jhunjhunwala have seen big notional losses in portfolio stocks, especially in the holdings in midcaps, whose representative index has fallen as much as 16 per cent this

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Dalal Street investors poorer by Rs 1.79 lakh crore as Sensex hits 3-month low
New Delhi: As much as Rs 1.79 lakh crore wealth got wiped out on Wednesday, as market capitalisation of all the BSE-listed companies plunged to Rs 143.64 lakh crore from Rs 145.43 lakh crore.

The BSE’s m-cap has now overall tanked by Rs 15.74 lakh crore since August 31.

After taking a day’s weather on Monday, the benchmark equity indices again c

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The domestic equity markets witnessed an impulsive correction in September. As a result, nearly 60 per cent of the Nifty50 stocks breach their respective support at the 200-day moving average (DMA).

As of September 28, 2018, blue chips such as Bajaj Auto, Bharti Airtel, Coal India, Hindustan Petroleum Corporation, YES Bank, UPL, Tata Steel, Eicher

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Company's worried foreign investors seek clarity from government
NEW DELHI: The two foreign shareholders in Infrastructure Leasing - Financial Services Ltd have reached out to the Indian government to seek more details of the troubles at the debt-laden company, worried about their investments.

Orix Corporation of Japan and Abu Dhabi Investment Authority, which hold 23.54 per cent and 12.56 per cent stakes

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Sensex plunges 551 pts, hits 3-month low; Nifty ends at 10,851; factors that weighed on market
NEW DELHI: The domestic stock indices Sensex and Nifty plunged to their three-month low levels on Wednesday plagued by crashing rupee and surging crude oil prices. Investors were also cautious as the Reserve Bank of India’s MPC began its three-day policy meet today.

A falling rupee and surging crude fanned fears of increase in inflation.

BSE

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Infibeam Avenues shares extend rally to second straight session
NEW DELHI: Shares of internet software and services firm Infibeam Avenues rallied for the second straight session on Wednesday post a steep fall on Friday.

After rallying over 14 per cent on Monday, the scrip was trading 7 per cent higher at Rs 215.30 in morning trade today.

Shares of Infibeam Avenues had nosedived nearly 71 per cent Friday.

At

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MUMBAI: The stock market resumed its descent on Wednesday as the unease over weakening rupee and strengthening oil prices came back to haunt investors, though worries over the impact of the IL-FS fiasco have started receding.

The rupee slid below the psychological mark of 73 per dollar to a record low after crude oil prices firmed up,

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Fund raising via NCD surges over 7 fold to Rs 29,000-crore in April-September FY'19
As many as 10 companies raised a little over Rs 29,000 crore through issuance of debentures during April-September period of 2018-19, registering a surge of more than seven times from the year-ago period. The funds have been mobilised for business expansion, supporting working capital requirements and other general corporate purposes.

As per the

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In market, like in life, you learn to walk only by falling
Can cloning a big investor’s investments yield you good result The answer is, No. If you feel just by following others’ stock holdings blindly, you will be successful, or that you might be able to ‘see heaven’, then you are gravely mistaken. One has to die to see heaven; in other words one needs to work hard and go through the process.

It is very

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Share market update: Metal stocks trade mixed; SAIL jumps 2%, but JSW Steel, Coal India slip
NEW DELHI: Metal - mining stocks were trading mixed during Thursday's session.

The BSE Metal index was trading 0.21 per cent down at 13,665 around 10:25 am on Thursday.

Shares of Steel Authority of India (SAIL) (up 2.11 per cent), NMDC (up 1.49 per cent), Jindal Steel - Power (up 1.12 per cent) and Nalco (up 0.36 per cent) were the

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Italian stocks, banks lead Europe as budget deficit fears quelled
LONDON: Italian stocks turned from a drag into a boost for European markets on Wednesday as signs the government would target a lower budget deficit quelled investors' fears of a damaging showdown with the European Commission.

Italian bank stocks jumped 3.1 per cent after government bond yields fell back and the spread to Bunds narrowed thanks to

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IL FS group stocks jump after govt takes control of group
Shares of IL-FS Transportation Networks Ltd, IL-FS Engineering and Construction Co Ltd and IL-FS Investment Managers Ltd jumped between 10 per cent and 19.96 per cent.

India government took control of the troubled Infrastructure Leasing and Financial Services (IL-FS) and said the move was to protect the country's financial system

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Stock market update: L T, BHEL, BEML keep capital goods index in the green
NEW DELHI: Even as most capital goods stocks were incurring losses, gains in select heavyweights were keeping the sectoral index in the green zone.

The BSE Capital Goods index was trading 0.97 per cent up at 17,199 around 10:15 am, backed by gains in shares of Larsen - Toubro (L-T) (up 2.21 per cent), BHEL (up 1.84 per cent), BEML (up 0.53

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Stock market update: TCS, Infosys, HCL Tech drag Nifty IT index down
NEW DELHI: Losses in shares of Tata Consultancy Services (TCS) (down 3.86 per cent), Infosys (down 2.04 per cent), HCL Technologies (down 1.25 per cent) and Wipro (down 0.74 per cent) dragged Nifty IT index down in Wednesday's session.

The IT heavyweights fell even as rupee touched its record low against the US dollar today.

The Indian rupee

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Stock market update: Over 170 stocks hit 52-week lows on NSE
NEW DELHI: Over 170 stocks, including Bharti Airtel, Bharti Infratel, Eicher Motors and 8K Miles Software Services, hit 52-week lows on NSE in Wednesday's session.

Bandhan Bank, HUDCO, Indiabulls Real Estate, ICICI Securities, J.Kumar Infraprojects, Jaiprakash Power Ventures, Jubilant Industries, Kewal Kiran Clothing, Max Financial Services,

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NEW DELHI: The government has raised the minimum support price (MSP) for major crops, including wheat, pulses and oilseeds, by 2per cent to 21per cent, which is expected to increase its acreage in the rabi or winter-sowing season.

Analysts said farmers will respond to the higher MSP, but it has to be ensured that official agencies increase

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Share market update: BSE Smallcap index outperforms Sensex, climbs over 1%
NEW DELHI: Smallcaps were outperforming Sensex in afternoon trade on Wednesday.

At 1:25 pm, the BSE Smallcap index was trading 1.1 per cent up at 14,554, while the benchmark Sensex was 0.50 per cent down at 36,343.

Shares of IL-FS Engineering - Construction Company (up 19.98 per cent), IL-FS Transportation Networks (up 19.85 per cent)

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Share market update: Check out the stocks that plunged up to 10% in a weak market
NEW DELHI: Domestic equity market was radiating bearish sentiment in Wednesday's session amid weak global cues and rupee's fresh fall against the US dollar.

The Indian rupee Wednesday crashed below the 73-mark against the dollar for the first time ever on strong demand for the American currency from importers amid rising global oil prices and

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After Market: 200 stocks hit 52-week lows; investors lose Rs 2 lakh crore
NEW DELHI: Key equity indices Sensex and Nifty suffered major losses on Wednesday on sustained selling in banking, financial, auto, IT and FMCG stocks, fuelled by a fresh drop in the rupee and a surge in crude oil prices.

Investors avoided riskier equities and turned to safer bets such as dollar, bonds and gold amid uninspiring global cues and

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Government plans Bharat-22 ETF listing on an overseas exchange
NEW DELHI: The government is planning to list Bharat-22 ETF on an overseas stock exchange to unlock its value and raise foreign capital. The government has already raised Rs 22,900 crore through two tranches of Bharat-22 Exchange Traded Fund (ETF) in the domestic markets.

"There have been some initial discussions on whether Bharat-22 ETF can tap

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Stock market update: Private bank stocks mixed; YES Bank jumps 7%, but ICICI Bank, IndusInd Bank fall
NEW DELHI: Private bank stocks were trading mixed in Wednesday's session even as the RBI's monetary policy committee (MPC) meet began to decide on key rates.

The central bank's MPC started its three-day meeting on Wednesday to decide on the fourth bi-monthly monetary policy. The decision of the meet is scheduled to be released on Friday.

The

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Tech View: Nifty50 forms bearish candle; stiff hurdle at 100-day SMA
NEW DELHI: The Nifty50 dropped to its lowest level in three months on Wednesday and in the process formed a be arish candle on the daily chart. It could not touch the 11,000 level throughout the session.

Chances of the index drifting lower are higher, while the upside looks largely capped at 11,045 level, which is its 100-day moving averages. The

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Government plans Bharat-22 ETF listing on an overseas exchange
NEW DELHI: The government is planning to list Bharat-22 ETF on an overseas stock exchange to unlock its value and raise foreign capital. The government has already raised Rs 22,900 crore through two tranches of Bharat-22 Exchange Traded Fund (ETF) in the domestic markets.

"There have been some initial discussions on whether Bharat-22 ETF can tap

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The International Monetary Fund may be about to cut its forecast for global growth as managing director Christine Lagarde warns trade wars and tighter credit are darkening the outlook. Three months since predicting the world economy would grow 3.9 per cent this year and next, Lagarde signalled in Washington that she is no longer quite so
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