StockMarket

Buy Jindal Steel Power, target Rs 243: Nooresh Merani
Independent analyst Nooresh Merani has a buy call on Jindal Steel - Power Ltd. with a target price of Rs 243.0 . The current market price of Jindal Steel - Power Ltd. is Rs 233.5 Time period given by the analyst is Intra Day when Jindal Steel - Power Ltd. price can reach the defined target. Nooresh Merani recommended to keep stoploss
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FPIs turn net sellers in September, pull out USD 1.3 billion so far
NEW DELHI: Foreign investors pulled out a massive Rs 9,400 crore (USD 1.3 billion) from the capital markets last fortnight, after putting in money during the previous two months, on widening current account deficit due to a surge in oil prices and depreciating rupee.

The latest outflow comes following a net infusion of close to Rs 5,200 crore in

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Why multicap funds will serve you better in the remaining part of 2018
By DK Aggarwal

When it comes to investing, the prime rule to follow is to not put all your eggs in one basket. The rule applies not only equity, but also mutual funds. Before one invests, there is always a dilemma with regard to the category of mutual funds one should invest in.

Currently, mutual funds appear to be the most preferred choice among in

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Sell Apollo Tyres, target Rs 230: Kunal Bothra
Independent analyst Kunal Bothra has a sell call on Apollo Tyres Ltd. with a target price of Rs 230. The current market price of Apollo Tyres Ltd. is Rs 241.3 Time period given by the analyst is Intra Day when Apollo Tyres Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 246 . Apollo Tyres Ltd., incorporated
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Are we there yet No bottom in sight for China stocks
Shanghai is the world's worst-performing major stock market this year despite respectable corporate earnings, a disconnect which is feeding growing talk that Chinese equities are now a screaming buy.

Not so fast, say brokers and analysts, who warn shares have further to fall due to US-China trade squabbling, slowing Chinese economic growth, and a

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As expected, Mr Market indeed corrected sharply, making everyone question the 12,000 target for Nifty by Diwali. However, a swift bounce is natural, when the market trades at new highs. Indian bourses were inherently overbought, and therefore, the correction was all but a natural step for the market to correct the overbought position. The
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Buy Eicher Motors,target Rs 30500: Kunal Bothra
Independent analyst Kunal Bothra of has a buy call on Eicher Motors Ltd. with a target price of Rs 30500. The current market price of Eicher Motors Ltd. is Rs 29366.3. Time period given by the analyst is Intra Day when Eicher Motors Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 28750. Eicher Motors Ltd.,
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By Karin Strohecker and Ritvik Carvalho

Emerging market investors are trying to gauge whether a currency crisis and the steep interest rate hikes being used to fight it could turn into a broader slowdown and even recession.

On Thursday, Turkey's central bank attempted to draw a line under a lira collapse of almost 40 per cent this year by hiking

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MUMBAI: The stock market rose for the second straight day on Friday, taking cues from the rebound in the rupee amid expectations that the government will soon announce measures to stem the slide in rupee and stocks.

The Sensex closed above 38,000 and the Nifty edged past 11,500 on Friday, erasing most of the week’s losses that emanated from w

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The domestic market continued with its follow-up rally on Friday and ended with decent gains. The indices opened higher and got even stronger in the second half of the session. The Nifty50 ended the day gaining 145.30 points, or 1.28 per cent.

What we saw on Friday was short covering for the second session, which the market has been witnessing

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Loans for wedding or for your next iPhone or household consumption continue to be strong in India, but this consumption has come through leveraging. The fastest growing category on the asset side of the banking system has been personal loan. Other non-bank intermediaries are actually growing this lending faster than banks. What could go wrong
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RBI plans open market operations on Wednesday
Reserve Bank: RBI plans open market operations on Wednesday - The TheIndianSubcontinent

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DID YOU KNOWUnleash the power of SIP - Invest in Mutual funds

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Hindalco to seek shareholders' approval for Rs 6,000 crore NCD
MUMBAI: Aditya Birla Group flagship Hindalco Industries will seek shareholders' approval for the issue of non-convertible debentures (NCDs) on private placement basis for aggregating Rs 6,000 crore at its forthcoming annual general meeting (AGM) next week.

The company seeks shareholders' approval for raising around Rs 6,000 crore through NCDs on

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Dalal Street week ahead: Govt firefight on rupee, CAD global cues to drive market
NEW DELHI: The domestic equity market closed the week gone by on a positive note, buoyed by healthy macroeconomic numbers and news that the government would soon take steps to underpin the deteriorating rupee and keep a check on the current account deficit.

On Friday, the 30-share Sensex surged 373 points, or 0.99 per cent, to settle at 38,090

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AIF investments swell by 90% in June quarter
AIF: AIF investments swell by 90% in June quarter - The TheIndianSubcontinent

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Usha International eyes 20% higher revenues at Rs 3,000 crore this fiscal
MUMBAI: Consumer durables firm Usha International is eyeing 20 per cent growth this fiscal to clock a revenue of Rs 3,000 crore, a top company official has said.

Around 80 per cent of the company's revenue is from home durables and rest is contributed by engineering products like water pumping solutions, engines among others.

"With aggressive

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Government steps market positive, D-St experts await clarity
The series of measures announced by the government to check rupee's slide and bring down the current account deficit are a market positive, but one would do well to wait for more clarity to emerge, caution analysts.

On Friday, the government bit the bullet as it decided to rein in non-essential imports and boost exports, apart from unveiling a

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Shriram Transport rules out exposure to NCLT-headed SVL
Shares of Shriram Transport Finance tanked nearly 4 per cent on Friday before recovering after a top executive clarified that the company will not be affected by group firm Shriram Ventures (SVL) being referred for insolvency proceedings.

Shriram Transport Finance has no lending exposure to SVL, the holding company for the group's non-finance

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BPCL shelves Bina Refinery IPO plan
MUMBAI: State-run Bharat Petroleum (BPCL), which owns Bina Refinery in an equal JV with Oman Oil Company, has shelved its IPO plans for the company as "it generates enough cash" to complete the ongoing expansion and as also "because Kuwaiti Petroleum is keen to pick up a stake", says a senior official.

The 1,20,000 barrels-a-day Bina Refinery is

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The week in 10 stocks: Sugar firms in a sweet spot; Axis, JSW Steel on new peaks
It turned out to be the second straight week of losses for domestic equities.

Flagships BSE Sensex and NSE Nifty lost over half a per cent in the holiday-shortened week. That's chiefly because of renewed concerns over trade equations between the US and China, along with losses in the rupee that plumbed a record low.

It's a different story that

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MUMBAI: Life Insurance Corp. of India (LIC) may lend as much as Rs 1,200 crore to cash-strapped Infrastructure Leasing - Financial Services (IL-FS) to help tide over its liquidity crisis as the company’s board meets Saturday to discuss strategy and various other measures to sell assets and raise funds.

The non-banking finance company is

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Eight of top 10 Sensex companies lose Rs 41,660 crore in m-cap
NEW DELHI: Eight of the 10 most valued Indian companies together suffered an erosion of Rs 41,660 crore in their market valuation last week, with Mukesh Ambani-led Reliance Industries (RIL) alone accounting for over Rs 15,000 crore.

Only HDFC and Infosys added to their market capitalisation (m-cap) in the week ended Friday.

The valuation of RIL

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How JPMorgan's CFO became the top prospect to succeed Dimon
NEW YORK: As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase - Co , known for his bravado, quips and occasional profanity-laced outbursts.

Yet Lake has emerged as a front-runner to replace Dimon when he eventually retires, Reuters inte

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Plan to relax foreign holding in bonds may lift pressure on rupee
The government’s proposed move to remove caps on foreign investor holding of corporate bonds and make the job raising overseas loans and bonds easier could help lift the pressure on the rupee and arrest rising bond yields, traders and investors said.

The local currency may now head north amidst an expected bout of overseas fund flows triggered by

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Equity market running ahead of fundamentals, time to book profits: Credit Suisse
NEW DELHI: Indian equities have run well ahead of fundamentals and investors should book profits given the stretched valuations, says a Credit Suisse report.

According to the global financial services major, the valuations of Indian equities have stretched further largely driven by "financialisation of savings", improving corporate earnings

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Tariffs threaten market-leading tech, consumer stocks
US technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of US tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth.

The United States and China have already imposed tariffs on $50 billion worth of each other's goods. The White House has

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View: Fear of another Lehman made banking boring
By Mihir SharmaAs bad as the 2008 crisis was, the cure could be worse. After Lehman Brothers fell and the U.S. government stepped in to rescue finance from its worst instincts, many demanded that banking become “boring” again. Stolid lending, it was argued, was what banking should be all about.

It’s time to recognize that this was a mistake. F

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Sebi to discuss introduction of common application form for FPIs
NEW DELHI: Markets regulator Sebi is likely to consider a proposal to introduce a common application form for foreign investors to enter into the domestic capital market, a move expected to improve ease of doing business, senior officials said.

Besides, Sebi is expected to deliberate on a proposal on doing away with the requirement of one per cent

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The market witnessed a painful start to the week gone by but recouped bulk of the damage in the last two trading days of the week. Despite this recovery, the benchmark Nifty50 ended the week losing 73.90 points, or 0.54 per cent, on a weekly basis. The 11,760 level remained the immediate top for Nifty, and it was not taken out, as expected.

We

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Tata Steel tops Dow Jones sustainability index
Tata Steel has been ranked first in the Dow Jones sustainability index 2018, making it the only domestic company to emerge as a winner among all 60 sectors evaluated for the ranking.

This is the second year in the past three years that Tata Steel has been adjudged the industry leader amongst 24 steel companies globally, the company said in a

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