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Shares of HDFC Bank slipped below their 200-Day Moving Average for the first time in 20 months today.

The scrip was trading 0.91 per cent down at Rs 1,975.15 at around 10.05 am against its 200-DMA of around Rs 1,980.

The stock has advanced 7 per cent so far this year while the 30-share Sensex gained 11 per cent during the same period.

When an

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Buy Divi's Laboratories, target Rs 1,670: Sharekhan
Sharekhan has a buy call on Divi's Laboratories with a target price of Rs 1,670.

The current market price of Divi's Laboratories is Rs 1,374.20.

Time period given by the brokerage is one year when Divi's Laboratories price can reach the defined target.

Investment rationale by Sharekhan:

Rupee reset pushes up estimates: In the past five months,

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European shares little moved by US trade war salvo
LONDON: European shares opened little changed after US President Donald Trump imposed 10 per cent tariffs on an additional $200 billion worth of Chinese imports, and warned of duties on more products if China took retaliatory action.

At 0720 GMT, the pan-European STOXX 600 was down a meagre 0.02 per cent. Germany's DAX, home to large exporters and

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Share market update: Midcaps outperform Sensex, but smallcaps lag
NEW DELHI: In line with benchmarks Sensex, the BSE Midcap and Smallcap indices were trading up during Wednesday's session.

However, in terms of percentage gains, the midcap index was better off than Sensex, but the smallcap index lagged the benchmark.

Around 10:55 am, the BSE Midcap index was trading 0.40 per cent up at 16,048, while the BSE

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Buy Indostar Capital Finance, target Rs 593: LKP Securities
LKP Securities has a buy call on Indostar Capital Finance with a target price of Rs 593.

The current market price of Indostar Capital Finance is Rs 425.45.

Time period given by the financial firm is one year when Indostar Capital Finance price can reach the defined target.

Investment rationale of LKP:Indostar Capital Finance, is promoted by

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Sebi defers October 1 deadline for extension of trading hours
NEW DELHI: Market regulator Sebi on Tuesday deferred the October 1 deadline for the extension of trading hours.

Sources told ET Now that the stock exchanges were yet to arrive at a consensus with brokers. Talks were underway, sources added.

At present, stock market in India remain open during 9.15 am to 3.30 pm.

However, there was a proposal that

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Smallcap watch: 7 funds see value in a business that helps you sleep well
Domestic fund managers managing your money are betting on a smallcap firm that earns its pennies by ensuring you sound sleep at night.

Data available with Ace mutual fund database shows as many as seven fund houses held the stock of mattress major Sheela Foam in their portfolios as of August 31, 2018.

Reason It’s the only listed pureplay player f

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Portfolio managers' assets swell by 12% to Rs 14.8 lakh crore till August-end
The total assets handled by portfolio managers surged by 12 per cent to Rs 14.8 lakh crore at the end of August, mainly on the back of increase in number of clients. A portfolio manager is a person or group that advises or directs or undertakes on behalf of a client, the management of a portfolio of securities or the funds of the client.

According

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Nikkei has best gain in 5 weeks, insurers rise and US tariffs shrugged off
TOKYO: Japan's Nikkei rallied on Tuesday to its highest close since Feb. 1, led by insurers thanks to rising US Treasury yields, though electronic suppliers underperformed as traders weighted the impact of new US tariffs on Chinese goods.

Hopes that Prime Minister Shinzo Abe will win a Liberal Democratic Party (LDP) leadership election on Thursday

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Dena Bank shares take a U-turn, slide over 5%
Shares of Dena Bank declined over 5 per cent early Wednesday, weighed down by profit booking.

The scrip on Tuesday rallied nearly 20 per cent after the government said state-owned Bank of Baroda (BoB), Vijaya Bank and Dena Bank will be merged to create India's third-largest lender as part of efforts to revive credit and economic growth.

Bank of

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As debt woes spread, India's IL FS ratings cut to lowest levels
By Anto Antony and Aashika Suresh

The Indian infrastructure finance and construction firm that has rocked the nation’s credit markets with rare defaults had some of its credit ratings cut as low as they can go, as more debt deadlines loom.

Infrastructure Leasing - Financial Services Ltd., which helped fund India’s longest tunnel, started m

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Top intraday trading ideas for afternoon trade for Tuesday, 18 September 2018
NEW DELHI: Equity benchmarks Sensex and Nifty50 were in negative terrain around 11:20 am on Tuesday on selling in frontline bluechip coounters amid mixed global cues.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today’s afternoon trade:

Dharmesh Shah, head technical analyst, ICICI

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Titan falls 5% as CLSA downgrades stock to 'sell'
NEW DELHI: Shares of jewellery maker Titan Company fell as much as 4.7 per cent to Rs 786.1, its lowest level since February 9, 2018, in Wednesday's trade after global brokerage CLSA downgraded the stock to sell.

The brokerage downgraded the stock to "sell" and cut the target price to Rs 720 from Rs 1,050 amid growth concerns after the company

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Weak rupee, rising bond yield key worries: CLSA
MUMBAI: Brokerage CLSA said depreciating rupee and rising bond yields are key fundamental worries for investors in India.

The brokerage said debt market investors have already turned negative with a $665 million outflow during September after a stable July and August while foreign outflow in equity is still lower at around $200 million.

CLSA

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Stock market update: Midcaps and smallcaps underperform Sensex
NEW DELHI: Midcaps and smallcaps were underperforming Sensex during Tuesday's session.

At 11 am, the BSE Midcap index was trading 0.32 per cent down at 16,174, while the BSE Smallcap was trading 0.38 per cent down at 16,600. The BSE Sensex was 0.21 per cent down at 37,506.

Shares of Indian Bank (down 5.56 per cent), Canara Bank (down 5.12 per

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Stock market update: Axis Bank, Kotak Mahindra Bank keep Nifty Private Bank index up
NEW DELHI: Gains in shares of Axis Bank (up 1.97 per cent), Federal Bank (up 1.39 per cent), Kotak Mahindra Bank (up 0.98 per cent), RBL Bank (up 0.83 per cent) and ICICI Bank (up 0.67 per cent) were keeping the Nifty Private Bank index in the green in Wednesday's session.

The Nifty Private Bank index was trading 0.52 per cent up at 15,183 around

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China's yuan down as Beijing, Washington escalate trade row; stimulus hopes boost stocks
SHANGHAI: China's yuan currency inched lower on Tuesday after U.S. President Donald Trump said Washington will impose duties on an extra $200 billion worth of Chinese imports, drawing a sharp rebuke and warning from Beijing that it will be forced to retaliate.

The escalation in the trade row between the two economic giants caused some wobbles in

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Stock market update: Over 20 stocks hit 52-week highs in a weak market
NEW DELHI: Over 20 stocks, including Monnet Ispat - Energy, Century Extrusions, Delta Magnets and Electrosteel Steels, hit 52-week highs on NSE during Tuesday's session.

Excel Industries, Gangotri Textiles, Globus Spirits, Goldstone Technologies, GSS Infotech, Infibeam Avenues, IOL Chemicals and Pharmaceuticals, Khaitan Electricals, Universal

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Sun Pharma jumps 2% as partner gets drug nod

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Stock market update: DLF, IB Real Estate, HDIL drag realty pack down
NEW DELHI: Strong losses in DLF (down 3.71 per cent), Indiabulls Real Estate (down 3.19 per cent), Housing Development - Infrastructure (HDIL) (down 2.97 per cent) and Prestige Estates Projects (down 2.80 per cent) dragged realty index down in Tuesday's session.

The Nifty Realty index was trading 2.34 per cent down at 263 around 02:30 pm.

Shar

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NEW DELHI: The government decision to merge three state-run banks came as a surprise for the three lenders but not for the market men tracking the banking sector.

Analysts were long advocating such a move, given the inadequate capital and deteriorating asset quality of smaller PSU banks.

While any merger with a smaller bank is deemed negative for

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Strides Pharma drops 3% on USFDA observation for Bengaluru plant
NEW DELHI: Shares of Strides Pharma Science declined 3 per cent in Wednesday’s trade after the drug maker post Tuesday's market hours said the USFDA has issued three observations to its formulations facility in Bangalore.

"The formulations facility in Bangalore recently underwent pre-approval product inspection by the USFDA. The inspection ended

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Afraid of bears on D-Street You may just need Vitamin D3
Blame it on lifestyle changes or poor dietary practices, lack of Vitamin D poses a problem for many in urban areas. But when juxtaposed with Dalal Street, they are a market opportunity for others.

As many as 8 out of 10 people in Delhi suffer from Vitamin D deficiency, according to a report by Assocham (Associated Chambers of Commerce and Industry

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MUMBAI: Debt laden IL-FS is likely to default on payment of Rupees 1,000 crore commercial papers in September as it struggles to raise capital and deleverage its balance sheet. “The company is likely to default on payment of around Rupees 1,000 crore commercial papers and other papers this month,” said a source close to the development. “The co
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BoB-Vijaya-Dena merger: Why select PSU bank stocks rallied on an otherwise weak day
NEW DELHI: A 5 per cent plunge in NSE PSU Bank index said it all.

The announcement for merger of three PSU banks is a long-term positive for the banks in question, but it triggered selling in several other banking stocks on Tuesday.

Investors were caught off-guard after a few banking stocks rallied following the announcement of merger among BoB, V

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Share market update: Nifty IT index in the red; Tech Mahindra top loser in the pack
NEW DELHI: The Nifty IT index was trading 0.28 per cent down at 16,074 around 01:15 pm on Tuesday.

Shares of Tech Mahindra (down 1.58 per cent), KPIT Technologies (down 1.24 per cent), Tata Elxsi (down 1.08 per cent) and Oracle Financial Services Software (OFSS) (down 1.06 per cent) were the top losers in the IT index.

Shares of Infosys (down

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Share market update: Sugar stocks mixed; Bajaj Hindusthan Sugar jumps 10%
NEW DELHI: Sugar stocks were trading mixed during Tuesday's session.

Shares of Dhampure Specialty Sugars (up 13.24 per cent), Bajaj Hindusthan Sugar (up 9.98 per cent), Rana Sugars (up 8.33 per cent), Simbhaoli Sugars (up 8.32 per cent) and Magadh Sugar - Energy (up 7.22 per cent) jumped over 7 per cent.

Indian Sucrose (up 4.98 per cent),

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Gold gains on sustained jewellers' buying
NEW DELHI: Gold advanced by Rs 10 to Rs 31,610 per 10 gram at the bullion market Tuesday on sustained buying by local jewellers, even as a weak trend prevailed overseas.

Silver prices too firmed up by Rs 20 to Rs 37,700 per kg due to increased offtake by industrial units and coin makers.

Marketmen said increased buying by local jewellers to meet

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Australian shares slip as trade war hits materials and energy stocks; NZ flat
Materials and energy stocks drove declines in Australian shares on Tuesday as the escalating US-China trade war put pressure on commodity and oil prices.

The S-P/ASX 200 index declined 0.2 per cent or 12.2 points to 6,172.8 by 0200 GMT. The benchmark rose 0.3 per cent on Monday.

Materials, especially mining stocks, were under the cosh on

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BoB shares tank 10% on merger move; Dena, Vijaya Bank rally
Shares of Bank of Baroda (BoB) plunged over 10 per cent early Tuesday as the government said state-owned BoB, Vijaya Bank and Dena Bank will be merged to create India's third-largest lender as part of efforts to revive credit and economic growth.

The scrip plunged as much as 13.76 per cent to Rs 116.50.

On the other hand, Dena Bank rallied nearly

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