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The Friday’s session saw a lot of volatility dominating the session, as NSE benchmark Nifty saw wild swings on either side. Despite trading in a defined range for the major part of the session, the market saw a sharp selloff in the second half of the trade.

Despite the Nifty recovering over 80 points from the day’s low, the index settled the day l

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HAL records highest turnover: CMD
The Hindustan Aeronautics Limited (HAL) on Friday held its 55th Annual General Body meeting of shareholders, first after its listing.

R Madhavan, CMD, HAL in his address to the shareholders presented the performance highlights for the FY 2017-18 and discussed the future plans of the company besides addressing the concerns of the shareholders.

He

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The domestic equity market has become super volatile and converted the psychology of every market participant into fear. Greed and fear continue to alternate in the market, like the two sides of a coin. To a seasoned player, there seems to be nothing new as such instances of panic-selling often occur time and again.

Since demonetisation, herd

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LVB to raise around Rs 2,000 crore via share sale
Mumbai, Sep 30 (PTI) The Tamil Nadu-based mid-sized private sector lender Lakshmi Vilas Bank (LVB) is planning to raise around Rs 2,000 crore in fresh equity capital before the end of the current financial year, and has appointed JP Morgan Chase for advice on the process, a top official said Sunday.

The bank has also set a target of Rs 800 crore

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With Friday’s session coming to an end, we saw one of the most volatile weeks as well as months.

Friday saw the Nifty swinging on both sides. Despite an 80-point pullback from the lows of the day, the NSE index still ended the week with a net loss of 212.65 points, or 1.91 per cent on a weekly basis. On a monthly basis, we saw the benchmark

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The glaring disparity in the compensation of Apollo Tyres managing director Neeraj Kanwar in comparison to his peers had compelled minority shareholders to vote against his reappointment as managing director for a fresh term of five years.

According to the company's annual report for the financial year 2017-18, the total compensation of Apollo

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BSE registers 142 trading members for commodity segment

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The week in 10 stocks: Aviation hits an air pocket, NBFCs still reeling
Market heartbeats Sensex and Nifty slipped for the fourth straight week as they found little solace in rising crude oil prices, fall in the rupee and heavy selling pressure in the non-banking financial space.

The BSE Sensex lost 614 points, or 1.67 per cent, to 36,227 for the week ended September 28 while the NSE Nifty came off by 213 points, or

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Risk-averse investors continued to dump mid and smallcap shares on Friday which resulted in most of them tumbling to levels not seen so far in 2018.

Ecommerce firm Infibeam Avenues slumped over 70 per cent, joining the growing list of smaller stocks that have been targets of bear attacks in the last couple of weeks.

The BSE Midcap index fell 1.6

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FPI outflow hits 4-month high of Rs 21,000 cr in Sept
New Delhi: Overseas investors pulled out a massive Rs 21,000 crore (USD 3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions.

The latest withdrawal comes following a net infusion of close to Rs 5,200 crore in the capital markets (both equity

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Mumbai police files case against NSEL over FCRA violations
The Economic Offences Wing (EOW) of the Mumbai police has registered a case against 300 brokers on the now defunct spot exchange NSEL on a complaint by Puneet Panchal , assistant zonal manager SEBI. The brokers allegedly conducted trades that violated the then extant Forward Contracts Regulation Act (FCRA) of 1952 which allowed the exchange to
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Correction in financials a chance to buy for long term: Christopher Wood
The recent correction in financial stocks should be seen as a long-term buying opportunity, said CLSA's chief strategist Christopher Wood in his weekly note ‘Greed - Fear’ on Thursday.

"There have been some fun and games in India’s financial stocks over the past week partly driven by Reserve Bank of India announcements, and partly driven by

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Four of top 10 firms add Rs 76,959 crore to m-cap
New Delhi: Four of the 10 most valued companies together added Rs 76,959.69 crore in market valuation last week, with Tata Consultancy Services (TCS) stealing the show with the maximum gain.

From the top-10 pack, TCS, Reliance Industries Ltd (RIL), HDFC Bank and Infosys saw gains in their market capitalisation (m-cap) for the week ended Friday,

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How IL FS plans to fix the mess it is in right now
The beleaguered IL-FS is planning to divest non-core assets to meet short-term funding requirements, says an ETNow report.

The infrastructure lender and developer may sell 14 out of its existing 19 road projects. It's working with the RBI and the government for legal approval to the asset sale, the report added.

It also plans to raise Rs

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Shares of Infibeam Avenues fell as much as 73 per cent on Friday after a WhatsApp message doing the rounds alleged corporate governance issues in the company. This is the steepest single-day fall after Satyam Computers Services which plunged 83 per cent on January 7, 2009, after the accounting scam broke out.

Nearly Rs 9,200 crore worth of

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Tweet Buster: Where to invest, what-s ailing market the predictable event
NEW DELHI: IL-FS, NBFCs and now fake news on Whatsapp is play ing havoc with your money on Dalal Street.

September’s trading month was as unsettling as a roller-coaster ride, sending giddy waves every time you thought handsome stocks were coming cheap. And that kind of induced a ‘nothing-good-can-happen-to-this-market’ kind of fear.

The

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Turns out, September is a challenging month for market participants as domestic stock indices put up their worst monthly show since February 2016.

The velocity of the correction was huge. The 30-share BSE Sensex lost a whopping 2,417.93 points, or 6.26 per cent, during the month while the NSE Nifty gave up 750 points, or 6.42 per cent.

The

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NEW DELHI: Insurance companies have been asked to declare their exposure to liquidity-strapped Infrastructure Leasing - Financial Services and its group firms by the sector regulator. IL-FS has defaulted on repayments and has had its debt rating downgraded, which has in turn roiled the markets.

The Insurance Regulatory and Development

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What I read this week: Who was swimming naked; plus gold-silver ratio is giving a hint
Only when the tide turns, you know who is swimming naked- Warren BuffettWhat an apt quote that is for what happened in the Indian market recently! Liquidity has finally trumped so-called great fundamentals of the Indian economy. Borrowing rates are finally rising , more so for non-bank financiers. One global analyst, who predicted $100 on oil when
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Elon Musk wanted to impress girlfriend with $420 price, SEC says
By Ben Bain

It turns out that the price Elon Musk came up with to take Tesla Inc. private really was about weed, and that the embattled chief executive officer tweeted the figure to impress his girlfriend, the rapper Grimes.

The US Securities and Exchange Commission made the connection clear at a Thursday press conference after announcing that it

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RBI draft warns of punitive action for market abuse
MUMBAI: The Reserve Bank Friday issued the draft guidelines on prohibiting market abuse which propose to debar errant participants from accessing the market.

"Participants found guilty of market abuse may be subject to regulatory action, including temporary or permanent stoppage of access to the markets in one or more instruments," the draft

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RBI policy, macro data among 7 factors driving market next week
NEW DELHI: The domestic equity market registered losses for the week gone by, the fourth in a row, amid worries over liquidity crunch, suspicion over corporate governance issues with some midcap companies, a steady fall in the rupee, spike in crude oil prices, a fresh rate hike by the US Federal Reserve and F-O rollovers.

September turned

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YES Bank assigns credit exposure in Jaypee Cement to Assets Care
Yes Bank Friday said it has assigned its exposure in Jaypee Cement Corp to Assets Care - Reconstruction Enterprise. "Yes Bank Limited (the Bank) has assigned its exposure in Jaypee Cement Corporation Limited to Assets Care - Reconstruction Enterprise Ltd along with security interests inter alia 11,390,544 equity shares having nominal value
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Wall St falls on worries over Italy's budget, trade concerns
Wall Street declined on Friday, the last trading day of the third quarter, weighed by shares of US lenders as Italy's budget worries roiled financial markets and trade concerns hurt sentiment.

Italy's new government proposed a 2019 budget with a deficit three times bigger than the previous administration's target, sparking a sell-off in European

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Elon Musk out as Tesla chair, remains CEO in $40 million SEC settlement
SAN FRANCISCO: Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.

The settlement with the Securities and Exchange Commission allows Musk to remain CEO of the electric car

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Will blockchain emerge as driving force of tomorrow's stock markets
By Som Shekhar Singh

Algorithmic trading has been in place for a long time now. Artificial intelligence has powered the ability to evolve and tune these algorithms similar to what a human being would do by evaluating results and reworking models, albeit at a much faster pace and with much more accuracy and less bias.

AI has the potential to replace

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IDBI board to consider allotment of 51% shares to LIC on Oct 4
Mumbai: State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank.

In a regulatory filing, IDBI Bank said it has received a letter from LIC conveying approval of their Board of Directors for subscribing to the equity capita

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IL FS board approves rights issue; to approach NCLT for asset sale
The debt laden Infrastructure Leasing and Financial Services today passed a resolution to raise capital through rights issue, approach National Company Law Tribunal for asset sale resolution and get liquidity to repay debtors. In the annual general meeting held today, the company briefed the shareholders about the situation and how it plans to
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How central bank actions will influence your market moves
By DK Aggarwal

Global investors are prepared for a coordinated tightening of monetary policy by the world’s major central banks. The global economy continues to enjoy its best health, with both emerging markets and advanced economies reporting stronger growth.

The aligned global economic recovery is now motivating inflationary prospects, driving

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Rupee ends at 1-week high of 72.48 against US dollar
Mumbai: Continuing its healthy recovery momentum for the third straight day, the rupee on Friday gained 11 paise to end at a one-week high of 72.48 against the US dollar on sustained selling of the American currency by exporters.

However, the domestic currency for the week finished lower by 28 paise, posting its fifth straight weekly loss.

Ongoing

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