StockMarket

YES Bank to raise Rs 3,042 crore via bonds
Private sector lender Yes Bank said Friday it will raise up to Rs 3,042 crore by issuing bonds to comply with Basel-III norms.

The capital raising committee of the board of the bank Friday approved issuing 30,420 rated listed non-convertible redeemable unsecured Basel-III compliant tier II bonds of Rs 10 lakh each aggregating to Rs 3,042 crore,

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Kwality Q1 net profit slumps to Rs 1 crore
New Delhi: Kwality Ltd said Friday its net profit saw steep fall to Rs 1.04 crore during the first quarter of the 2018-19 financial year, on poor sales.

Net profit during April-June, 2017-18 stood at Rs 27.87 crore, the company said in a regulatory filing.

Net income declined to Rs 1,265.78 crore from Rs 1,573.18 crore in the year-ago period.

Kwali

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Stock market update: Midcaps, smallcaps outperform Sensex; Dalmia Bharat, Jindal Steel shine
NEW DELHI: Domestic equity market extended its gain to second consecutive session on Friday on healthy buying in sectors, barring IT and teck.

The midcaps and smallcaps performed better than the benchmark Sensex. Around 12:50 pm, the BSE Midcap index was trading 1.38 per cent up at 16,311 and BSE Smallcap was 1.23 per cent up at 16,645. The

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Moody's warns of downgrading RCom's overseas cable arm
Mumbai, Sep 14 (PTI) Global rating agency Moody's Investors Service Friday placed the ratings on Anil Ambani group's GCX on review for a downgrade owing to the troubles at its parent Reliance Communications which is bankrupt now.

The Bermuda-incorporated GCX is a wholly-owned subsidiary of RCom through an intermediary holding company Global Cloud

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Morgan Stanley sees Sensex at 42,000 by September 2019
NEW DELHI: Global brokerage Morgan Stanley raised BSE Sensex target for September 2019 to 42,000 level, citing earning cycle was at the cusp of turning around.

India is coming out of deepest earnings recession that extended for seven years and corporate are looking confident on business growth over the next 12 months, according to Morgan Stanley.

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NEW DELHI: Do you know Indian family-owned companies have delivered an average 13.9 per cent annual return since 2006 compared with 6 per cent retu rns generated by their non-family-owned peers

Well, family matters. Who better knows this than India which ranks third in terms of the number of family-owned businesses, according to the Credit Suisse

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A deluded banker's tale of Lehman's last days
By Shuli RenOn a Sunday night 10 years ago, I was sitting alone in my midtown Manhattan apartment on 46th Street, preparing to dial into a conference call to discuss the impending demise of my employer: Lehman Brothers Holdings Inc.

That morning, Sept. 14, it had become widely accepted that Lehman would go into bankruptcy. Farewell and

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Share market update: Nifty FMCG index in the green; Tata Global jumps 5%
NEW DELHI: The Nifty FMCG index was trading 0.37 per cent up at 30,943 around 02:55 pm on Friday.

Shares of Tata Global Beverages (up 5.37 per cent) were the top gainers in the FMCG index, followed by Dabur India (up 3.41 per cent), United Spirits (up 2.06 per cent) and GlaxoSmithKline Consumer Healthcare (up 2.05 per cent).

Emami (up 1.57 per

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BlackRock gets regulatory nod to set up new firm in France
PARIS: BlackRock, the world's largest asset manager, has obtained regulatory approval to setup a new alternative investment firm in France, in another signof Paris' increasing post-Brexit appeal for financial firms.

BlackRock said on Thursday that its plans for the newFrance-based firm formed part of an overall strategy to increaseits presence in

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Godrej Agrovet board approves merger of subsidiary
Animal feed company Godrej Agrovet said Friday its board has approved the merger of its subsidiary Astec Lifesciences with the parent firm.

The merger plan approved in the board meeting held Friday is in consideration for equity shares of Godrej Agrovet, the company said in a regulatory filing.

According to the merger plan, Godrej Agrovet will

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Stock market update: Metal stocks surge up to 8%; Vedanta, Hindalco among top gainers
NEW DELHI: Most metal - mining stocks were trading with decent gains in Friday's session.

The Nifty Metal index was trading 2.1 per cent up at 3,708 around 02:45 pm on Friday, with shares of Jindal Stainless (Hisar) (up 7.79 per cent) as top gainers.

Hindustan Zinc (up 4.47 per cent), Vedanta (up 4.45 per cent), Steel Authority of India

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Share market update: IT stocks lacklustre as rupee recovers; Infosys slips 1%
NEW DELHI: A majority of IT stocks were trading on a dull note in afternoon trade on Friday amid rupee's rise aginst the US dollar.

At the time of writing this report, the domestic currency was trading higher by 70 paise.

The lone loser among the sectoral indices on NSE, the Nifty IT index was trading 0.38 per cent down at 15,994 around 12:25

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IL FS group companies hit 52-week lows
NEW DELHI: Shares of IL-FS Investment Managers, IL-FS Transportation Networks and IL-FS Engineering and Construction Company hit 52-week lows on Friday.

Investors have turned skeptical on cash-strapped Infrastructure Leasing and Financial Services (IL-FS) group companies after reports emerged that IL-FS had defaulted on a

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Share market update: Nifty Realty index jumps 3%; IB Real Estate, Unitech, DLF make merry
NEW DELHI: The Nifty Realty index was trading 2.72 per cent up at 264 around 02:40 pm on Friday.

Shares of Indiabulls Real Estate (up 4.67 per cent) were the top gainers in the realty index, followed by Prestige Estates Projects (up 4.56 per cent) and Oberoi Realty (up 4.39 per cent).

Unitech (up 3.28 per cent), DLF (up 3.16 per cent), Brigade

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Top intraday trading ideas for afternoon trade for Friday, 14 September 2018
NEW DELHI: Equity benchmarks Sensex and Nifty were up on healthy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low.

Positive Asian cues and rupee's improved health also influenced the sentiment.

ETMarkets.com collated a list of trading ideas from

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NEW DELHI: Domestic equity benchmarks Sensex and Nifty staged a stellar show on Friday on across-the-board buying fuelled by healthy macroeconomic indicators.

Domestic investors embarked on an all-round buying spree after inflation data showed the economy is in a good shape.

Data released by the Central Statistics Office (CSO) on Friday showed

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AIF investments zoom 90% to Rs 75,000 crore till Q1
The capital put in by alternative investment funds (AIFs) has risen to nearly Rs 75,000 crore at the end of April-June quarter of the current fiscal, a surge of 90 per cent from the year-ago period.

AIFs are a class of pooled-in vehicles for investing in real estate, private equity and hedge funds and over 270 such funds are registered with the

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RInfra group submits guarantees for Mumbai project; Scrip rallies
Shares of Reliance Infrastructure rallied over 3 per cent on Friday as the company submitted performance security bank guarantee (PS-BG) and mobilisation advance bank guarantee (MA-BG) to the Maharashtra State Road Development Corporation (MSRDC) for Versova-Bandra Sea Link Project (VBSL).

The consortium has submitted Rs 350 crore towards PS-BG

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Tech view: Niftybullish setup after Hammer formation is positive signal
New Delhi: The Nifty50 formed a bullish candle on the daily chart on Friday. The fact that it sustained its opening upward gap a day after forming a Hammer pattern may instil confidence among traders.

On the weekly scale also, a perfect Hammer has sent out positive signals. But as long as the index remains below 11,600 level, volatility may

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Brokers ask Sebi to delay extended derivative trading
By Santanu ChakrabortyBrokerages are urging India’s market regulator to modify a plan to extend equity derivatives trading hours due to concerns over their readiness and the costs of implementing the proposal, according to people with knowledge of the matter.

Local and foreign brokers have asked the Securities - Exchange Board of India to

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NBCC rallies 5% on HSCC takeover move
Shares of NBCC rallied over 5 per cent on early Friday as the company is set to buy out 100 per cent government stake in consultancy firm HSCC for Rs 285 crore. The scrip gained as much as 5.46 per cent to Rs 70.50.“DIPAM intimated vide letter dated September 13, 2018, that NBCC has been selected as the buyer for 100 per cent strategic disinvestme
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F O: Options indicate solid buying interest at lower levels
By Chandan Taparia The Nifty50 index opened with a gap up and witnessed sustained buying throughout the session on Friday to extend the gains towards 11,520 level. The index formed a bullish setup on the daily scale and a Hammer candle on the weekly scale, which suggest buying interest at lower levels.

Now, Nifty has to hold above 11,450 to

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Nikkei posts best weekly gain in 2 months as trade anxiety eases
TOKYO: Japan's Nikkei share average rallied to its highest in more than seven-months on Friday as sentiment improved on signs China and the United States make progress towards resolving their trade disputes.

The Nikkei ended 1.2 per cent higher to 23,094.67, the highest closing point since early February.

For the week, the benchmark index jumped

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NEW DELHI: After witnessing three currency crises in a decade, India is watching the rupee’s zigzag show, wondering if it is headed for a fourth.

India last witnessed currency crises in 2013, 2011, 2008 and 1997.

Former Reserve Bank governor Raghuram Rajan hopes the rupee does not go in for a free fall, and RBI would do what it takes to tame

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Sensex surges 373 pts, Nifty reclaims 11,500; HDFC twins rally
Benchmark equity indices BSE Sensex and NSE Nifty extended their gains for a second straight session on Friday after CPI-based inflation came in at 10-month low of 3.69 per cent for August amid positive global cues.

The 30-share Sensex settled 372.68 points, or 0.99 per cent, up at 38,090.64, while the 50-share Nifty index closed at 11,515.20, up

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Trade talks and tech fuel rally in European stocks, Investec jumps
LONDON: Led by technology and autos stocks, European benchmarks rose on Friday after Asian markets climbed overnight on hopes of new trade talks between the United States and China, while asset manager Investec shone after announcing a demerger.

The pan-European STOXX 600 was up 0.5 per cent by 0725 GMT, set to seal its strongest weekly gains in

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Stock market update: Pharma stocks jump up to 4%; Aurobindo Pharma, Sun Pharma hog limelight
NEW DELHI: Most pharma stocks were trading in the positive territory during Friday's session, giving a boost to the sectoral index.

The Nifty Pharma index was trading 2.43 per cent up at 10,644 around 10:45 am on Friday with all components in the green.

Aurobindo Pharma (up 3.97 per cent) was the top gainer in the pack, followed by Piramal

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Fitch downgrades JLR outlook to negative; affirms BB+ ratings
Mumbai: Fitch Ratings has revised the outlook on the Tata-owned marquee auto firm Jaguar Land Rover, which is facing Brexit and currency headwinds, to negative from stable, but affirmed ratings on its debt at BB+.

After being the cash-cow for Tata Motors since 2010, JLR reported a net loss in the quarter to June 2018 as the rising public aversion

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Edible oil imports rise 11% YoY in August: SEA
Pune: In-spite of rupee depreciation, in August import of vegetable oil jumped to 15.12 lakh tonnes from 11.19 lakh tons in previous month, as pipelines were dried up due to lesser import during June and July ’18 months, coupled with improved parity in import of palm oil due to reduction in spread between palm oil and soft oils, resulted into
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PEs, VCs pump in $1.6-billion investment in August: Report
MUMBAI: Private equity (PE) and venture capital (VC) investments stood at $1.6 billion across 50 deals in August, with buyout deals recording two times increase in value compared to the year-ago period, says a report.

According to EY's private equity monthly deal tracker report, August 2018 recorded $830 million across 18 exits with two $200

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