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NEW DELHI: Equity benchmark Nifty50 traded flat in early trade on Tuesday in follow-up to Monday’s selloff that erased entire gains seen in the last two sessions of the previous week.

While a flareup in the US-China trade war hurt investor mood, technical charts threw up a gloomy outlook.

With the NSE barometer trading below its 20-day SMA and

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Banks' NPA provisions may stay elevated till FY20
Mumbai: Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders are expected to stay elevated till fiscal year 2019-20, a report said.

The outlook on private sector banks, along with SBI and Bank of Baroda among the state-run ones is stable, while all the other state-run

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This Mangalore investor uses Buffettcardinal rule to strike it rich on D-Street

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Stock market update: These stocks surged over 10% in a cautious market
NEW DELHI: Even as equity market was reflecting cautious sentiment, shares of Dena Bank (up 19.81 per cent), Indian Overseas Bank (up 11.30 per cent) and Corporation Bank (up 10.53 per cent) zoomed over 10 per cent on NSE in Tuesday's session.

Shares of Dena Bank surged after the government proposed the merger of three banks — Bank of Baroda, V

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China stocks drop to near four-year low as Trump said to prepare new tariffs
SHANGHAI: China's main Shanghai Composite index fell to its lowest close in nearly four years on Monday as reports said U.S. President Donald Trump would unveil new tariffs on $200 billion of imported Chinese goods this week.

The Shanghai Composite index dropped 1.1 per cent to 2,651.79 points, its worst close since Nov. 27, 2014. The blue-chip

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The UK banking system is stronger than it was after it almost brought the nation to its knees a decade ago, but people who oversaw the crash are still fearful of a repeat.

“The big lesson to me is that although banks today are safer than they were then, they’re not safe,” Mervyn King, who was the governor of the Bank of England when the financial c

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Get NRI dollars, hold rates in October
There is a simple reason why all the king’s horses and all the king’s men could not put the rupee back together again. Currency traders who are bearish on the rupee could immediately sense that the grand plan unveiled last week would neither create an instant supply of dollars nor dramatically lower the demand for the greenback. Besides, some of th
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By Andy Mukherjee

It was as a newspaper-office intern in New Delhi in 1992 that I witnessed the birth of India’s homegrown belt-and-road initiative. The program was midwifed by an up-and-coming lender that few had then heard of: Infrastructure Leasing - Financial Services Ltd.

It wasn’t called belt-and-road, a term that would gain currency m

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Pimco CEO sees a 55% chance of global slowdown over next 2 years
The chances of an economic slowdown are low in the next 12 months but more than even — 55 per cent — within the next two years, according to Emmanuel “Manny” Roman, chief executive officer of Pacific Investment Management.

The economy is relatively healthy now, especially in the US and China, with odds of a recession in 12 months about 15-20 per

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Share market update: Check out the stocks that plunged over 5% on NSE
NEW DELHI: Shares of Bank of Baroda (down 9.87 per cent), Andhra Sugars (down 5.74 per cent), Shree Renuka Sugars (down 5.08 per cent), Gravita India (down 5.05 per cent) and Dwarikesh Sugar (down 5.03 per cent) plunged over 5 per cent on NSE in Tuesday's session.

Shares of Bank of Baroda (BoB) plunged 14 per cent intraday on NSE today after the

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Aussie bank shares' gains offset slump in aged-care providers, NZ flat
Australian shares rose on Monday as gains in financials outweighed a sharp fall in health care stocks which were hammered by the news of a public inquiry into the aged-care system.

The S-P/ASX 200 index rose 0.3 per cent or 19.70 points to 6,185.00 at the close of trade. The benchmark firmed 0.6 per cent on Friday.

Banks dominated the gains on

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Sensex nosedives nearly 400 pts: 5 key factors weighing on market
NEW DELHI: Emergence of selling pressure threw benchmark indices off-balance on Monday. By 10.30 am, the BSE Sensex plunged over 400 points while NSE barometer Nifty tested the 11,400 mark as global trade war tensions made investors lose their nerve. The government measures announced this past weekend, which are aimed at stemming rupee's fall and
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Sugar has tasted sweeter after New Delhi announced an increase in ethanol prices. Stocks have been hitting the upper circuit since the announcement, and momentum reversal for the sweeteners is unlikely.

If government support to the industry continues, stocks could also see a re-rating. Incentivisation of ethanol production could turn the highly

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Looking for D-Street winners Even laggards can make the cut
Keep your eyes and ears open. Chances are, you might just spot some big winners on Dalal Street. And take this, they may be even from the lot that has trailed benchmark indices so far!

Look at Morgan Stanley, which recently added three underperformers from different sectors to its portfolio. The global brokerage has suddenly taken a fancy to

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MUMBAI: Rising interest rate is set to pinch retail borrowers harder as equated monthly installments (EMI) will remain elevated or rise further for the rest of the fiscal year till March 2019.

Earlier this month, large retail lenders such as State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda and Union Bank of India hiked their

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Buzzing stocks: BoB, RCom, Balrampur Chini, YES Bank, RIL
NEW DELHI: With over 3.37 crore shares changing hands, the counter of Bank of Baroda was buzzing as the most traded stock on NSE early Tuesday.

Shares of Bank of Baroda (BoB) plunged 14 per cent on NSE today after the government proposed the merger of three banks — Bank of Baroda, Vijaya Bank and Dena Bank —aimed at creating the country’s third

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Motilal Oswal Real Estate raises Rs 575 crore to invest in affordable housing
MUMBAI: Motilal Oswal Real Estate (MORE), the real estate arm of Motilal Oswal Private Equity, has raised over Rs 575 crore through the first close of its fourth real estate fund India Realty Excellence Fund IV (IREF IV).

The fund plans to deploy the capital in mid-income and affordable residential projects across six top cities in India while

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Appleno.1 stock for millennial traders again post iPhone event
Apple regained its position as the number-one stock of choice among millennial traders in the week of its big product launches. According to data from Robinhood, an online commission-free brokerage popular with younger investors, Apple replaced Facebook as the most-popular stock on the platform in the week through September 13.

The world’s m

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Sell Bata India, target Rs 975: Rahul Sharma
Rahul Sharma of Equity99 has a sell call on Bata India with a target price of Rs 975.

The current market price of Bata India is Rs 998.75.

Time period given by the analyst is 'Intra Day' when Bata India price can reach the defined target.

Rahul Sharma recommended keeping a stop loss at Rs 1,018.

"The stock has formed an evening star pattern on

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Stock market update: 15 stocks that slid up to 5% in weak trade
Equity benchmark BSE Sensex lost by over 400 points on Monday after downbeat global cues while the NSE Nifty fell more than 100 points at 11,391.

On the National Stock Exchange, IL-FS Investment (down 5.58 per cent), Sanwaria Consumer (down 5.20 per cent), Krebs Biochem (down 5.00 per cent), Weizmann (down 4.96 per cent), MRO-TEK Realty (down

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By Adam Haigh and Abhishek Vishnoi

Goldman Sachs Group Inc. has called time on the world-beating surge in Indian stocks.

The nation’s equity market looks less favorable amid elevated valuations, a potential slowdown in economic growth and upcoming elections, according to Goldman Sachs analysts, who cut India to the equivalent of a hold rating from

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By Ruth Carson and Andreea Papuc

Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom though reckons there are still countries like the Philippines that will suffer.

Given the uncertainty, the money manager is keeping a net neutral dollar position, while making trades including shorting the Philippine peso, as

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10 money-making ideas that analysts say can deliver gains over 3-4 weeks
NEW DELHI: After logging gains in last two consecutive sessions, domestic equity indices took a pause, as it opened in the red on Monday amid mixed global cues.

Optimism around healthy macroeconomic numbers and government's measures to arrest the fall in the rupee and keep a check on current account deficit did not help lift the mood of the

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Sensex drops 300 pts, Nifty below 11,450; sugar stocks rally up to 20%
NEW DELHI: Benchmark equity indices plunged over half a per cent in early trade on Monday following subdued Asian cues amid reports that Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

The BSE Sensex was trading 277 points, or 0.73 per cent, down at 37,813.87 in early

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CAD control: Government readying list of good for import curbs
By Ruchi Bhatia

The government is likely to announce a list of items for import curbs sometime this week as part of measures planned to check the widening current account deficit and stem the fall in the rupee.

Subhash Garg, Secretary in the Department of Economic Affairs, is working on a comprehensive list of non-essential items for import curbs.

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Market now: 15 stocks that bucked market plunge, rallied up to 20%
Rising concerns over escalation in global trade conflict pulled down domestic benchmark equity indices by over 1 per cent on Monday.

The BSE Sensex was down 454 points at 37,636.53 while the Nifty 50 dropped to 11,383.20, plunging 132 points.

Shares of Bajaj Hindusthan Sugar (up 20 per cent), Uttam Sugar (up 20 per cent), Dhampur Sugar (up 19.98

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MUMBAI: The GVK and GMR groups, which rose to national prominence after winning modernisation contracts for India’s two biggest airports, are in the final stages of selling — in separate deals — at least a fourth stake each in the holding companies that operate the Mumbai and Delhi facilities with a combined value of around $1 billion.

GVK Power

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European stocks shake off fears of new wave of tariffs
LONDON: European shares recovered rapidly from a weak start on Monday after reports US President Trump plans new 10 per cent tariffs on $200 billion of Chinese imports, with investors focusing on strong results.

Despite China's Foreign Ministry also saying it would respond to Trump's threat, an early fall across European benchmarks evaporated with

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MUMBAI: Troubled infrastructure finance conglomerate IL-FS is seeking government and regulatory intervention after its key shareholders didn’t offer an immediate credit facility to stave off mounting debt defaults and a potential bankruptcy.

The IL-FS management is writing to the finance ministry and the RBI about a looming crisis in the

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Buy Vedanta, target Rs 247: Nooresh Merani
Independent analyst Nooresh Merani has a buy call on Vedanta Ltd. with a target price of Rs 247. The current market price of Vedanta Ltd. is Rs 235.5. Time period given by the analyst is Intra Day when Vedanta Ltd. price can reach the defined target. Nooresh Merani recommended to keep stoploss at Rs 226. Vedanta Ltd., incorporated in 1965, is a
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