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Mumbai: Jittery investors rushed to dump Yes Bank shares on Friday after the Reserve Bank of India said founder Rana Kapoor could only stay on as managing director and CEO until the end of January next year.

Yes Bank plunged 36% before recouping some losses to end at ₹227.05 on the BSE, down nearly 29%, the most it has dropped in a day and t

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RBI unlikely to hike repo rate in October despite weak rupee
Weakness in the rupee does not offer a sufficient alibi for a rate hike and the Reserve Bank may go for a status quo at the policy review next month, a Japanese brokerage said Friday.

The markets have priced in tightening as well, but it is unlikely to materialise, Nomura said in a report.

"Because of the RBIs inflation-targeting mandate,

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Jet Airways set for four-year low as tax officials check books
Shares of Jet Airways India Ltd. headed for their lowest level in almost four years after income-tax authorities conducted a “survey” at its offices, the latest trouble for an airline that’s been struggling to pare losses.

“The company is fully cooperating with the authorities and responding to the queries,” the airline part-owned by Abu Dhabi’s Et

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Mumbai: India’s stock market encountered its most volatile day in more than four years on Friday after a debt market deal sparked fears that more non-banking financial service firms may be affected by problems that have beset infrastructure lending firm IL-FS.

Benchmark indices swung between gains and losses with the Sensex falling as

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Sensex swings 1,500 pts, ends 280 pts down; Nifty below 11,150; key factors that weighed on market
NEW DELHI: Dalal Street witnessed a wild session on Friday as domestic indices registered unusually high volatility in a day marred by heavy selling in banking and financial stocks.

The BSE benchmark Sensex swung 1,500 points before settling the day 279.62 points, or 0.75 per cent lower at 36,841.60. The NSE barometer Nifty closed the session at

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IL FS: It-s not India-s Lehman moment, but deja vu on financial sector reforms
By Somnath Mukherjee

Even without the eerie coincidence of the 10th anniversary of the collapse of Lehman Brothers, there are enough straws in the wind to draw parallels between the iconic Wall Street bank and IL-FS, the infrastructure finance major that has been struggling for survival in the last few days. A (relatively) small but

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Mumbai: Shares of Dewan Housing Finance (DHFL) crashed 42% Friday on concerns that it could default on outstanding bond re-payments, with many in the equity markets holding the belief that exposure to troubled financier IL-FS could further stretch the finances at the mortgage lender.

Shares of the company, which helps many Indians step

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Market goes into a tailspin: Herewhat Basant Maheshwari and Madhu Kela advise
NEW DELHI: The domestic equity had a heady fall on Friday as shares of select frontline banks and housing finance companies suffered heavy losses.

The trade on Friday was so volatile that BSE benchmark Sensex tanked and later recovered by over 800 points within a matter of minutes.

Market experts blamed higher crude oil prices, weakness in

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NEW DELHI: Shares of YES Bank plunged 34 per cent on BSE on Friday, hitting its 52-week low of Rs 210.10 after the RBI asked its managing director and CEO Rana Kapoor to step down after an extended term till January 31, 2019.

The news has apparently upset investors and most top brokerages have downgraded the stock after RBI's directive.

Citi has

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The Indian economy has been growing steadily. In the first quarter of FY19 ending June 30, India’s GDP grew at an impressive rate of 8.2 per cent on the back of strong core performance and a healthy base.

Looking back, India's GDP has risen by an average 7.3 per cent over the last decade and is showcasing a positive upward trend. Comparatively,

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LIC kickstarts talks to exit over Rs 5,000 crore stake in Tata Sons
Insurance behemoth Life Insurance Corporation is looking to bring down its exposure to Tata Sons, said sources.

LIC's stake of over 15 per cent of more than Rs 5,000 crore in the Tata group's holding company will be diluted immediately, ET NOW reported.

The remaining stake will be brought down in a phased manner, the sources told ET NOW, adding

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Sensex gains 300 pts, Nifty above 11,300 on firm global cues, rupee recovery
NEW DELHI: After three consecutive sessions of drubbings, headline indices Nifty and Sensex opened higher on Friday, amid positive global cues and a sharp recovery in Indian rupee against the US dollar.

Asian stocks extended gains on Friday after Wall Street's S-P 500 set a new all-time high, while the dollar slipped as investors viewed

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Tech View: Nifty50 forms strong bearish candle; 11,025 level key
NEW DELHI: Friday's flash crash came as a bolt from the blue for traders on Dalal Street as the Nifty swung wildly by over 480 points during the day.

The NSE benchmark index took a mighty fall to 10,866 from its high of 11,346, resulting in a strong Bearish candle on the daily scale.

However, it recovered quickly by around 300 points from its

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European shares rise as trade relief rally shows it has legs
LONDON: European shares rose strongly at the open on Friday, extending their gains from the previous session as a relief rally due to easing fears of a trade war helped Wall Street hit record highs, while Asian shares also rose further overnight.

At 0730 GMT, euro zone blue chips were up 0.7 per cent and heading into a 10th straight session of

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Shrikant Chouhan of Kotak Securities Limited has a buy call on Tata Steel Ltd. with a target price of Rs 660. The current market price of Tata Steel Ltd. is Rs 620.45. Time period given by the analyst is Intra Day when Tata Steel Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep stoploss at Rs 605.

Tata Steel Ltd.,

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NEW DELHI: It was complete mayhem on Dalal Street that shocked investors on Friday as BSE benchmark Sensex plunged and then recovered 800 points within minutes.

Sensex swung 1,500 points intraday, Nifty witnessed a movement of 480 points and the volatility index, India VIX, stood at 9.69 per cent.

Equity benchmarks Sensex and Nifty opened in the

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China stocks soar on policy support hopes
SHANGHAI: China's stock markets surged on Friday before a long holiday weekend, with investor sentiment boosted by hopes that a government effort to boost domestic demand could help offset effects of an escalating trade war.

At the close, the blue-chip CSI300 index rose 3.0 per cent, its biggest one-day gain since May 2016, to end at 3,410.49

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Buy Bata India, target Rs 1035: Shrikant Chouhan
Shrikant Chouhan of Kotak Securities Limited has a buy call on Bata India Ltd. with a target price of Rs 1035. The current market price of Bata India Ltd. is Rs 986.7. Time period given by the analyst is Intra Day when Bata India Ltd. price can reach the defined target. Shrikant Chouhan recommended to keep stoploss at Rs 965 Bata India Ltd.,
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Sebi comes out with revised KYC norms for FPIs
Markets regulator Sebi Friday issued revised KYC norms for foreign portfolio investors, wherein resident as well as non-resident Indians have been permitted to hold non-controlling stake in such entities.

Two circulars pertaining to KYC (Know Your Client) requirements and eligibility conditions for FPIs have been issued.

These norms have been put

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Nikkei, Topix hit multi-month peaks on receding trade fears
TOKYO: Japanese stock indexes hit multi-month highs on Friday as ebbing concerns about global trade tensions and bullish views on the US economy supported commodities and manufacturing firms.

The Nikkei share average gained 0.8 per cent to 23,869.93, the highest close since Jan. 24. The next milestone is the 24,129.34 level hit on Jan. 23, a break

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Buy GAIL (India) Ltd. target Rs 397: Jay Thakkar
Jay Thakkar of Anand Rathi has a buy call on GAIL (India) Ltd. with a target price of Rs 397. The current market price of GAIL (India) Ltd. is Rs 384.25. Time period given by the analyst is Intra Day when GAIL (India) Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 378 GAIL (India) Ltd., incorporated in
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F O: What does OI at Calls Puts tell us about Nifty's next move
By Chandan Taparia NSE benchmark Nifty witnessed one of its most volatile sessions, as it opened positive, but failed to hold above immediate hurdle of 11,333 zones and later corrected sharply towards 10,866 levels.

The index fell down around 480 points from its high of 11,346 to 10,866 and formed a strong Bearish candle on daily scale.

However

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DHFL plunges 44%; Indiabulls Housing down 8%: Why NBFC stocks fell like ninepins
NEW DELHI: Shares of housing finance companies came under sudden heavy selling pressure on Friday as investors raised concerns over rising cost of borrowing for the companies amid continuing financial crisis at IL-FS.

Shares of Dewan Housing Finance Corporation (DHFL). The company lost nearly Rs 10,000 crore worth in market cap.

Tightness in

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Buy Balrampur Chini Mills, target Rs 98: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Balrampur Chini Mills Ltd. with a target price of Rs 98. The current market price of Balrampur Chini Mills Ltd. is Rs 87.55 Time period given by the analyst is Intra Day when Balrampur Chini Mills Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 82.
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Rs 5.66 lakh crore investor wealth wiped out in 4 days of market crash
NEW DELHI: Stock investors on Dalal Street have become poorer by Rs 5,66,187 crore in just four sessions of market fall, which saw the BSE benchmark index crashing 1,249 points, or 3.28 per cent. On Friday alone, the m-cap of all BSE-listed companies fell by Rs 2,02,433.26 crore.

After a flash crash of 1,128 points with a matter of minuted, the

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Up to 6,500% surge! Check out the recent multibaggers you missed
Spotting a stock early before a change in business dynamics can help you earn multibagger returns on Dalal Street.

Investors who got their thesis right must have been able to pick at least a couple of the 45 stocks from the BSE500 index, which have rallied over 1,000 per cent between September 2013 and this month. This means each of these stocks

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Buy Balrampur Chini Mills, target Rs 98: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Balrampur Chini Mills Ltd. with a target price of Rs 98. The current market price of Balrampur Chini Mills Ltd. is Rs 87.55 Time period given by the analyst is Intra Day when Balrampur Chini Mills Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 82.
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Government likely to announce lower borrowing programme next week: Sources
The Indian government plans next week to announce lower than expected borrowing needs for the second half of the fiscal year ending in March, said four people briefed on the matter, in a move that could remove some nervousness in the bond market. Senior Indian government officials met with a select group of market participants earlier this week
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Share market update: Sensex, Nifty trade higher; these stocks surge
NEW DELHI: Mirroring the bullish mood of market, shares of RattanIndia Power (12 per cent), Gravita India (9.07 per cent), Nelcast (7.39 per cent), Technocraft Industries (India) (5.77 per cent), TCI Express (5.71 per cent) and Just Dial (5.17 per cent) rallied over 5 per cent on NSE in Friday's session.

Market was in positive territory after

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Buy JSW Steel, target Rs 430: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on JSW Steel Ltd. with a target price of Rs 430. The current market price of JSW Steel Ltd. is Rs 416.6 Time period given by the analyst is Intra Day when JSW Steel Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 408 JSW Steel Ltd., incorporated in 1994, is
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