StockMarket

Raymond climbs 3% as textile firm looks to sell land parcel
NEW DELHI: Shares of Raymond jumped over 3 per cent in Wednesday’s trade after the textile major put on the block a nearly 20-acre land parcel, which is part of its total 125-acre land at Thane’s Cadbury Junction, said two persons with direct knowledge of the development.

The stock rose 3.12 per cent to hit a high of Rs 689.05 on BSE.

Raymond has

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MSE-led clearing house to settle trades on rival bourse ICEX
MUMBAI: The Metropolitan Clearing Corporation of India, a subsidiary of Metropolitan Stock Exchange (MSE), will clear and settle the trades executed at Indian Commodity Exchange (ICEX) from this month. This is the first time a clearing corporation will settle trades done on rival exchanges and for diverse segments — commodities, stocks and c
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Tech View: Bullish candle with long wick on Nifty charts suggests buying on dips
NEW DELHI: The Nifty50 rebounded smartly on Monday to snap a three-day losing streak. The index formed a bullish candle with a long wick, suggesting buying at lower levels.

The index has been seeing buying at lower levels whenever it has drops below the 10,900 mark. On Monday, it bounced back after testing a key support at 10,850 mark. The index

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​Hathway Cable jumps 5% as RIL looks to acquire operator
NEW DELHI: Shares of Hathway Cable - Datacom jumped nearly 5 per cent in Wednesday’s trade after an ET report suggested that RIL has initiated talks to acquire India’s largest cable operator.

The move is seen as helping Reliance Jio speed up the commercial launch of its GigaFiber high-speed home broadband services.

The stock rose 4.74 per

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NFOs crowd the street, experts advise caution
Undeterred by the sharp correction in the secondary markets, mutual fund houses have lined up as many as seven new fund offers (NFOs) across equity, thematic equity, hybrid and focused categories for subscription in October.

After the Sebi ruling on new categorisation and rationalisation of mutual fund schemes, fund houses continue to fill gaps in

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F O: Volatility has to cool for Nifty to see a temporary bounce
By Chandan Taparia

The Nifty50 index opened flat and slipped towards 10,820 level in the first half of Monday’s session. However, it witnessed a sharp recovery from the lows in the second half, as it turned near t o its 50% retracement of the entire upswing from 9,952 to 11,760 levels. The index formed a bullish candle on the daily scale and m

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Share market update: PSU bank stocks rise up to 3%; PNB, IDBI Bank top gainers
NEW DELHI: Most PSU bank stocks were trading with gains 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.

Th

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Institutional investors could reduce their portfolio weights on two-wheelers stocks — Hero MotoCorp, Bajaj Auto, TVS Motor, and Eicher Motor — because of the rising cost of ownership, which could trim projected volume growth over the next two years.

The cost of ownership takes into account the annual expenses a biker makes on a vehicle. The

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RBI to inject Rs 36,000 crore into system in October
Mumbai: The Reserve Bank of India today announced that it will inject Rs 36,000 crore liquidity into the system through purchase of government bonds in October to meet the festival season demand for funds.

The auctions to purchase government bonds as part of the Open Market Operations (OMO) to manage liquidity in the system will be conducted in

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Italy yields hit post-2014 high on ‘own currency& demand
NEW YORK: Italian assets were roiled yet again after a prominent euroskeptic said that the nation could resolve its debt problems with its own currency.

The yield on the nation’s 10-year bonds touched the highest level in more than four years after Claudio Borghi, head of the lower house budget committee, said that the euro was “not sufficient” to

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Sensex drops 150 pts, Nifty50 tests 10,950; India VIX spikes 5%
NEW DELHI: Benchmark indices took a beating on Wednesday ahead of the kick start of three-day RBI policy review.

Investors were worried over a sharp plunge in rupee's value to an all-time low level of 73 against dollar amid a surge in crude oil prices globally. The market was also concerned over escalating Italian crisis.

At 9.22 am, the BSE Sense

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NEW DELHI: Defaults at IL-FS and a spike in yields for papers of non-banking financial companies dealt a body blow to commercial paper issuances in September, which fell to the lowest in numbers since 2010. Prospective issuers with lower credit ratings moved away from the short-term debt instrument in search for alternative arrangements.

At

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NEW DELHI: After a day’s break, domestic equity indices resumed trading on a depressing note amid worries over a further drop in the rupee, a spike in crude oil prices and a possible rate hike in RBI’s policy review that began on Wednesday.

The market had seen a smart recovery on Monday after RBI announced a major bond buying programme to infuse

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Nifty tops 11000 on liquidity boost, government move on IL FS
MUMBAI: Indian benchmark stock indices rose 0.8 per cent on Monday, snapping their three-session losing run as the government’s move to take over IL-FS alleviated frayed investor sentiment. The benchmark Nifty reclaimed the 11,000-mark as traders unwound their short positions ahead of the NCLT judgment, which allowed the government to s
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Vedanta Resources gets approval to delist from LSE
By Ashwin Manikandan/Rakhi Mazumdar

Mumbai/Kolkata: Billionaire Anil Agarwal's Vedanta Resources plc, on Monday, obtained regulatory approval to delist itself from the London Stock Exchange.

The development follows an announcement by Volcan Investments Ltd, an investment trust led by Anil Agarwal last month that it is set to delist Vedanta

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Buzzing stocks: YES Bank, Infibeam Avenues, Bandhan Bank, DHFL
NEW DELHI: The counter of YES Bank, with over 5.06 crore shares changing hands, was buzzing as the most traded stock on NSE in Wednesday's session.

Shares of YES Bank were trading 7.89 per cent up at Rs 216.70 apiece on NSE around 10:30 am.

Infibeam Avenues (number of shares traded: 2.10 crore), JP Associates (1.93 crore), Reliance Communications

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Japanese stocks stretch rally, oil up as markets soak up NAFTA deal
Asian stocks were steady on Tuesday as Japanese equities rose to a fresh 27-year high while crude oil prices were elevated in the afterglow of an agreement that salvaged a North American free trade deal.

The United States and Canada forged a last-minute deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country,

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Stock market update: Top Nifty gainers losers of Monday's session
NEW DELHI: YES Bank, Hindalco Industries, Indiabulls Housing Finance, HDFC, State Bank of India, Tata Consultancy Services and ICICI Bank emerged as the top gainers of the Nifty index on Monday.

On the flip side, Bharti Airtel, HPCL, Axis Bank, Ultratech Cement, IndusInd Bank and Kotak Mahindra Bank stood as the top losers among the Nifty scrips.

A

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YES Bank rallies for second straight day; should you buy
Shares of YES Bank extended their rally for the second straight session after the lender said it is fully geared up for the succession plan for the post of its MD and CEO and will finalise two external experts for the search committee by October 7.

“The bank is fully geared for the MD - CEO’s succession. Pursuant to the board of directors mee

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Rating agencies see more upgrades than downgrades in H1FY19
Mumbai: Major rating firms- Crisil, Icra and Care Ratings see the number of ratings upgrades outpacing the number of down grades. But they warn of stress in certain sectors as they face a volatile rupee, rising interest rates and potential risk of trade wars.

CRISIL’s credit ratio or number of upgrades to downgrades stood at 1.68 times in the f

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Share market update: Auto stocks rise on September sales numbers
NEW DELHI: Most auto stocks settled in the positive territory on Monday, buoyed by their upbeat September sales numbers.

The country's largest car maker Maruti Suzuki Monday reported a marginal decline in total sales to 1,62,290 units in September as against 1,63,071 units in the year-ago period. Shares of the company closed at Rs 7,465.30 apiece,

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Wall Street shrugs off Italy woes, Dow touches record highs
NEW YORK: US stocks shrugged off a weak start to climb higher on Tuesday, as Intel boosted technology stocks and pushed the Dow Jones Industrial Average to a record high.

Intel jumped 5.1 per cent, but analysts could not find a new trigger, with some suggesting that the stock was reviving Friday’s rally after the chipmaker assuaged concerns over i

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J Kumar Infra hits lower circuit on Sebi's order for forensic audit
New Delhi: Shares of J Kumar Infra Projects Monday were locked in lower circuit of 20 per cent on the stock exchanges after Sebi directed bourses to appoint an independent auditor for forensic audit of the company.

The scrip of the company crashed 20 per cent to hit the lowest trading permissible limit of the day at Rs 164.40 on the BSE.

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HDFC raises retail lending rate by 10 bps
Mumbai: Ahead of the Reserve Bank's monetary policy announcement, mortgage lender HDFC Monday increased its retail prime lending rate (RPLR) by 10 basis points with immediate effect.

The new rates vary from 8.80 to 9.05 per cent on various slabs of loans.

On Saturday, state-run Punjab National Bank had increased its benchmark lending rates or MCLR

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US outlook ‘Remarkably Positive&: Powell
NEW YORK: US Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the US economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment and tame prices.

The situation, with below 4 per cent unemployment expected through at least two more years, and inflation that will remain

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Bhushan Steel renamed as Tata Steel BSL
Kolkata: Tata Steel has decided to rechristen its recently acquired asset, Bhushan Steel as Tata Steel BSL. This was approved by shareholders at Bhushan Steel's AGM recently.

The change in name of the company was passed as a special resolution during the AGM, Bhushan Steel informed the BSE in a notification last week saying the meeting has

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Sensex rallies 299 pts, Nifty reclaims 11,000; IL FS Transport soars 20%
NEW DELHI: The domestic equity market took a breather on Monday to register a stellar start to the fourth quarter of the calendar year, buoyed by growth in India’s manufacturing sector activity.

BSE Sensex jumped 299 points, or 0.83 per cent to settle at 36,526.14. The NSE counterpart Nifty reclaimed the psychological level of 11,000 and shut shop

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SpiceJet, Jet Airways, InterGlobe Aviation shares slip up to 4% on surging crude prices
NEW DELHI: Shares of aviation firms including SpiceJet, Jet Airways and InterGlobe Aviation plunged up to 4 per cent in early trade on Wednesday following a sharp rise in global crude oil prices over the last two sessions.

Oil prices firmed on expectations of a tighter market once US sanctions start targeting Iran's petroleum industry from next

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After Market: Bandhan bleeds; YES Bank, autos rise; airline stocks crack
NEW DELHI: A sharp bout of short covering in bank, financial, auto, IT, FMCG and metal stocks in the second half of the session helped domestic equity benchmarks end Monday’s session with decent gains.

The market logged gains after three consecutive sessions of losses amid reports that the government has decided to rescue the cash-strapped

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Indebted IL FS gets lifeline as shareholders approve fundraising
By Ameya KarveTroubled Indian shadow bank Infrastructure Leasing - Financial Services Ltd., whose recent debt defaults sparked concern about contagion in the nation’s financial markets, secured a lifeline after shareholders approved its plans to raise money through debt and equity.

Stockholders green-lit IL-FS’s plans to raise as much as 1

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