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Indiaadvantages far outweigh macro fears: Jamie Dimon, JPMorgan, CEO
India’s world beating economic growth and critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency, Jamie Dimon, JPMorgan chief executive, has said.

JPMorgan, which employs nearly 34,000 people in India, will step up its hiring and

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F O: Nifty50 can slip towards 11,171 if it holds below 11,333
By Chandan TapariaNSE benchmark Nifty continued its weakness for a third consecutive session and corrected towards 11,200 level, as it failed to surpass the immediate hurdle at 11,333.

The index formed a pattern similar to Three Black Crows and made a lower high lower low on the daily scale, which indicates that bears are having a tight grip

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Share market update: Consumer durables stocks fall up to 4%; PC Jeweller, VIP Industries among top losers
NEW DELHI: The BSE Consumer Durables index was trading 1.47 per cent down at 20,090 around 01:15 pm on Wednesday with a majority of stocks in the red.

Shares of Whirlpool of India (down 4.28 per cent), PC Jeweller (down 3.82 per cent) and VIP Industries (down 3.76 per cent) were the top losers in the index.

Shares of Voltas (down 1.63 per cent),

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IEX gets shareholders' nod for share split, hike FII stake
New Delhi: Indian Energy Exchange (IEX) has received shareholders' nod for splitting equity shares and to increase shareholding of FPI/FII to 49 per cent from existing 24 per cent in its annual general meeting held Tuesday.

The special resolution for sub division of the nominal value of equity shares of the company from the existing nominal value

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Sensex drops 169 pts on selloff in banks, FMCG stocks; Nifty below 11,250
NEW DELHI: The domestic indices settled lower, shrugging off bullishness in global stocks, due to late selloff in banking, financials and FMCG stocks ahead of market holiday.

Expectation of pickup in US economic growth and Fed rate hike, amid rising crude and widening CAD further impacted the domestic market sentiment.

The stock exchanges will be

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Nikkei hits near 8-mth high, Topix also jumps; insurers rally after US yields rise
TOKYO: Japan's Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after US yields jumped.

The Nikkei share average ended 1.1 per cent higher at 23,672.52, the best closing level since late January.

Inve

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Sebi says ICICI Bank, other related entities have not filed for settlement
New Delhi: Regulator Sebi clarified on Wednesday that it has not received any settlement application from ICICI Bank or any other entity with respect to the probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

Besides, the markets watchdog said that ICICI Bank and Kochhar have replied to the

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BSE, NSE get Sebi approval to launch commodity derivatives
Leading stock exchanges BSE and NSE have got approval from the Securities and Exchange Board of India (Sebi) to launch trading in commodity derivatives segment from October 1.

The market regulator had on December 28, 2017 announced the kick off of unified exchange regime October 1, 2018, wherein stock exchanges would be allowed to offer trading

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Stock market update: Realty stocks fall up to 4%; IB Real Estate, DLF among top losers
NEW DELHI: Most realty stocks were incurring losses in afternoon trade on Wednesday.

The Nifty Realty index was trading 1.26 per cent down at 258 around 01:05 pm, with Brigade Enterprises (up 1.07 per cent) as the lone gainer.

Housing Development - Infrastructure (HDIL) (down 3.60 per cent) was the top loser in the index, followed by Godrej

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Investing in MFs to become cheaper post Sebi move
New Delhi: Investing in mutual funds will become cheaper, while margins of asset management companies may get affected due to regulator Sebi's move to slash the charges levied on investors, experts said Wednesday.

In a major overhaul of the fee structure of mutual funds, Sebi Tuesday cleared a proposal to cap the maximum total expense ratio (TER)

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Rising liquidity issues in IL FS credit negative for Indian banks: Moody's
NEW DELHI: Moody's Investors Service Wednesday said rising liquidity issues in IL-FS, which has recently defaulted on repayment of Rs 100 crore, are credit negative for Indian banks. The debts incurred by IL-FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.

"Rising

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Share market update: Tech Mahindra, TCS keep Nifty IT index in the green
NEW DELHI: Shares of Oracle Financial Services Software (OFSS) (up 1.41 per cent), Tech Mahindra (up 0.94 per cent) and Tata Consultancy Services (TCS) (up 0.87 per cent) were trading up during afternoon trade on Wednesday, keeping the sectoral index in the green zone.

The Nifty IT index was trading 0.38 per cent up at 16,092 around 12:55 pm.

Sha

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Market rout wipes out Rs 3.62 lakh crore from investor wealth in 3 days
New Delhi: As the market rout continued for the third straight session Wednesday, investor wealth eroded by Rs 3.62 lakh crore in three trading days.

Market benchmark BSE Sensex fell further by 169.45 points to end at a near two-month low of 37,121.22, extending losses for the third straight session Wednesday. The index tanked 970 points or more

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Cabinet okays Rs 1,033 crore equity infusion by RCF in Talcher fertiliser plant
The government on Wednesday approved an equity infusion of Rs 1,033.54 crore by state-owned RCF in a fertiliser project at Talcher, Odisha. This plant is being revived at a project cost of over Rs 11,500 crore by Talcher Fertiliser Ltd, which a joint venture firm of GAIL, CIL, RCF and Fertiliser Corporation of India Ltd (FCIL). The move will boost
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Stock market update: Nifty Pharma in the green; Divi's Labs, Sun Pharma play ball
NEW DELHI: Most pharma stocks were trading with gains during Wednesday's session, keeping the sectoral index up.

However, losses in shares of Lupin (down 1.52 per cent), Glenmark Pharmaceuticals (down 0.90 per cent) and Aurobindo Pharma (down 0.62 per cent) capped the gains for the index.

The Nifty Pharma was trading 0.27 per cent up at 10,494

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SBI to issue maiden $500 million green bonds
Mumbai: The country's largest lender State Bank is in the international bond market to raise nearly USD 500 million in green bonds, making it the maiden issuance for the lender.

The tenor of the bonds is expected to be five years and the notes are to be issued by the bank's London branch.

With this issue SBI will become compliant with the global

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China stocks rebound as stimulus hopes offset trade war concerns
SHANGHAI: China stocks rebounded strongly for the second straight day on Wednesday as investors piled into property and consumer stocks, betting Beijing will intensify stimulus measures to cushion the impact of an escalation in the Sino-US trade war.

The blue-chip CSI300 index rose 1.3 per cent to 3,312.48, while the Shanghai Composite Index

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Share market update: FMCG stocks dull; ITC, HUL flat
NEW DELHI: Most FMCG stocks were trading in the negative territory during Wednesday's session, keeping the sectoral index down.

The Nifty FMCG index was trading 0.40 per cent down at 30,768 around 12:30 pm.

Shares of Godrej Consumer Products (down 4.13 per cent), Jubilant Foodworks (down 3.42 per cent), United Spirits (down 1.13 per cent) and

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BHEL declares 91% dividend for FY18
State-run engineering major BHEL booked orders worth Rs 40,932 crore in 2017-18, registering 74 per cent jump from the previous financial year, its Chairman and Managing Director Atul Sobti said Wednesday.

BHEL secured all orders for main packages of thermal power projects during 2017-18. "With this, the company has ended the year with a total orde

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By Subhadip Sircar

India’s central bank has enough reserves to defend the rupee, according to the State Bank of India and Nomura Holdings Inc., as the currency shrugged off the government’s supportive measures to plunge to a fresh record.

The Reserve Bank of India can sell an additional $25 billion, at least, in the foreign-exchange market, SBI esti

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Stock market update: Over 90 stocks defy positive market mood, hit 52-week lows on NSE
NEW DELHI: Defying positive mood of market, over 90 stocks, including InterGlobe Aviation, Adlabs Entertainment, AGC Networks, Agri-Tech (India), Akzo Nobel India and Aptech, hit 52-week lows on NSE during Wednesday's session.

Beardsell, Bharat Electronics, Career Point, Dhanlaxmi Bank, Dish TV India, HCL Infosystems, HSIL, ICICI Prudential Life

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Satya MicroCapital raises Rs 40 crore through NCDs
Bengaluru: Micro finance institution Satya MicroCapital has issued Non-Convertible Debentures (NCDs) worth Rs 40 crore from a responsAbility-managed private debt fund focussing on micro and SME finance, and Microfinance Enhancement Facility S.A. (MEF). The fund thus raised will be used by Satya MicroCapital for lending to Indian micro, small and
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Shares of Maruti Suzuki India, the country's largest automaker, declined as much as 1.42 pct to Rs 8,280, its lowest since May 21.

The scrip broke below a support at 8,390.85, the 23.6 per cent Fibonacci retracement level of the uptrend from February 29, 2016 low to December 20, 2017.

CaptureThe wave pattern of Maruti Suzuki shares’ suggested that the s

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Top intraday trading ideas for afternoon trade for Wednesday, 19 September 2018
NEW DELHI: Domestic equity market was in positive territory amid firm global cues and a fresh rise in the Indian rupee against the US dollar.

The NSE Nifty index was trading 37 points up at 11,316, while the BSE Sensex was up 120 points at 37,410 around 11:30 am on Wednesday.

ETMarkets.com collated a list of trading ideas from various experts and

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Tech view: Three Black Crows on Nifty charts means bears holding fort
NEW DELHI: The Nity50 on Wednesday declined for the third straight session to settle below the crucial support at 11,250 level. The index formed a candle similar to Three Black Crows, a bearish pattern, on the daily chart, and the index is now bracing for the 11,171 level.

The formation of Three Black Crows candle and lower highs and lower lows on

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European shares hit two-week high on trade talk hopes; miners, autos up
MILAN: European shares hit two-week highs on Wednesday, led higher by materials stocks, while disappointing updates from staffing firm Adecco and home improvement retailer Kingfisher weighed.

The pan-European STOXX 600 rose 0.3 per cent by 0713 GMT with sentiment supported by hopes that the U.S. and China will return to the negotiating table after

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By Ameya Karve

Even as India’s smaller stocks are headed for their worst year since 2011, investors still need them in their funds in order to beat the market, HDFC Securities Ltd. says.

“Mid- and small-caps will keep throwing up surprises in stock moves,” given their agility to adjust to change through restructuring and corporate actions, Deepak Ja

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After Market: 132 stocks hit 52-week lows; metal pack rallies
NEW DELHI: Indian equities ended in the negative territory for a third consecutive session on Wednesday on losses in bank, FMCG and tech stocks, even as global stocks advanced for a second day in a row and rupee recovered against the US dollar.

Market opened in the green and traded with mild gains for the most part of the day, but lost steam in

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Stock market update: Telecom stocks down; RCom, Vodafone Idea among top losers
NEW DELHI: Most telecom stocks were incurring losses in afternoon trade on Wednesday.

The BSE Telecom index was trading 0.24 per cent down at 1,122 around 01:25 pm.

Reliance Communications (down 4.95 per cent), Tejas Networks (down 2.20 per cent), GTL Infrastructure (down 2.14 per cent), Tata Teleservices (Maharashtra) (down 2.07 per cent) and

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Stock market update: OMCs rise; ONGC, GAIL, BPCL top gainer
NEW DELHI: Shares of most oil marketing companies (OMCs) were trading with gains during Wednesday's session amid a fresh fall in global crude oil price.

Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in US crude stockpiles, Reuters reported.

The BSE Oil - Gas index was trading

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