StockMarket

Share market update: Sugar stocks extend winning streak, zoom up to 20%
NEW DELHI: Extending the winning streak to Friday's session, most sugar stocks were trading with robust gains, buoyed by government's approval of hiking 25 per cent hike in the price of ethanol produced directly from sugarcane juice for blending in petrol.

The Cabinet Committee on Economic Affairs on Wednesday raised the procurement price of

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Stocks with relatively high overseas investor holdings have seen a sell-off in September as foreigners shun emerging market equities like India. Since September 1, shares of 75 companies, in which foreign institutions have poured money, have declined between 10 per cent and 25 per cent on an average.

Brokers said foreign investors could be

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By Rich Miller

Former Federal Reserve Chairman Ben Bernanke acknowledged that policy makers made two critical errors fighting the financial crisis a decade ago: They failed to see it coming with such force then underestimated how much economic damage it would cause later.

“Nobody saw how widespread and devastating the crisis itself would be,” he sai

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Complaints of sexual harassment in the workplace filed by 44 Nifty companies increased marginally for the first time in three years, leading to a debate over whether awareness has improved or such cases are being underreported.

The number of complaints reported by the 44 companies in their latest annual reports stood at 620 in FY18, marginally

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Sebi to discuss stricter norms for fiduciaries
NEW DELHI: The board of Securities and Exchange Board of India is likely to discuss next week a stricter framework for fiduciaries in the securities market, including auditors and valuers, according to a senior official. In July, the regulator issued a consultative paper on the proposed Sebi (Fiduciaries in the Securities Market) (Amendment)
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Apple stock slips after new phones with few changes
Share prices of Apple, the first $1 trillion publicly listed US company, dropped over 1 per cent to $221.20 today after it launched new bigger phones, but stuck to smaller changes.

Apple unveiled the XS, with a 5.8-inch (14.7-cm) screen, starting at $999, and the larger XS Max, with a 6.5-inch (16.5-cm) screen, starting at $1,099 and a low-cost

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Stock market update: Fertiliser stocks jump up to 11%; National Fertilizer, RCF top gainers
NEW DELHI: Most fertiliser stocks were trading with decent gains in the morning session of trade on Friday.

Rashtriya Chemicals - Fertilizers (up 10.63 per cent) and Fertilizers - Chemicals Tranvancore (up 9.61 per cent) were leading among fertiliser stocks.

Shares of National Fertilizer (up 6.26 per cent), Rama Phosphates (up 6.06 per

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ECB, BoE keep policy unchanged, stay mindful of evolving risks
Frankfurt: The European Central Bank kept policy unchanged as expected on Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as protectionist moves around the globe drag on growth.

Even the Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns

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By Lu Wang

While US equity investors have kept their cool during this year’s escalation of trade tensions, the warnings from Wall Street are only getting louder.

Goldman Sachs Group Inc. and JPMorgan Chase - Co. have weighed in, highlighting the potential danger to corporate America if a full-blown trade war erupts. In separate notes this week,

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Morgan Stanley to give clients bitcoin trading options
LONDON: Morgan Stanley plans to offer trading in complex derivatives tied to the largest cryptocurrency, according to a person familiar with the matter, joining other Wall Street firms in creating ways for clients to play the digital currency market.

The US bank will deal in contracts that give investors synthetic exposure to the performance of Bit

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Signs of trade thaw lift Asian markets, Turkey faces lira test
London: World markets calmed after signs of movement in the US-China trade stand-off and ahead of major central bank meetings on Thursday, including emerging market trouble spot Turkey.

Shanghai, Tokyo, Jakarta stocks all gained around 1 per cent and Hong Kong's Hang Seng finished up 1.8 per cent as China’s yuan also edged higher in the currency m

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No bank claim against us, says ArcelorMittal
NEW DELHI: ArcelorMittal on Wednesday challenged in the Supreme Court the September 7, 2018, NCLAT order asking the company to clear its Rupees 7,000-crore debt owed to Uttam Galva (UG) and KSS Petron before it could bid for the ailing Essar Steel, insisting that no bank had ever made a claim against it and that its promoters had offered no
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Buzzing stocks: JP Associates, RCom, RIL, YES Bank, Maruti
NEW DELHI: JP Associates (number of shares traded: 2.06 crore) was leading the pack of most traded stocks on NSE during Friday's session.

Reliance Communications (1.03 crore), YES Bank (0.98 crore), Balrampur Chini (0.78 crore) and JSPL (0.61 crore) were up next.

Rashtriya Chemicals and Fertilizers (0.56 crore), Punjab National Bank (PNB) (0.54

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Lehman crisis- Act Three won't play out in emerging markets
By Andy Mukherjee

It was supposed to be a play in three acts. Wall Street banks and the US economy took the first blow from the Lehman crisis.

Next, the epicentre of trouble moved to Europe, causing a run on sovereign debt. The overhang of global borrowing was then going to culminate in a big emerging-market fiasco, caused perhaps by a disorderly

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15 companies that reported first loss in at least 10 quarters in Q1
April-June period was another mixed quarter for India Inc, with companies listed on the National Stock Exchange (NSE) posting a tad above 7 per cent year-on-year growth in net profit on a 14 per cent YoY jump in top line.

For Nifty, earnings growth stood at 13.7 per cent YoY, but that was largely on account of SBI and telecom firms, excluding

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US-China trade hopes lift shares
LONDON: Signs of movement in the US-China trade stand-off and a bumper interest rate hike in emerging market trouble spot Turkey sent world shares higher on Thursday as risk appetite returned.

News that President Trump’s administration had put out feelers to China for a new round of trade talks had rallied Asia after several torrid weeks that

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Along with significant improvement in market breadth, the domestic equity market recovered over 120 points from the low point on Wednesday and ended the day with decent gains. Wednesday’s session saw rangebound and subdued trade in the first half, but market breadth improved and short covering occurred at lower levels in the last two-and-a-half h
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Cabinet allows private companies to take part in foodgrain procurement
NEW DELHI: The Cabinet has allowed gradual entry of private companies in procurement of foodgrains and sanctioned 31,603 crore for two schemes to ensure farmers are able to sell their produce at the minimum support price (MSP).

These initiatives are part of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PMAASHA) cleared by the Cabinet, which

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Sensex, Nifty open in green; YES Bank, Maruti jump up to 3%
NEW DELHI: Headline indices Nifty and Sensex registered strong opening on Friday , tracking firm cues from other Asian cues. Investors were keenly awaiting wholesale price index (WPI) data for August which was scheduled later for the day.

Around 9:30 am, the BSE Sensex was 192 points, or 0.51 per cent, up at 37,909, while the Nifty50 was 73

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Rupee pain is still fresh, policy tightening coming
By Gaurang Somaiya

The rupee has fallen to fresh record lows after a surge in global oil prices and on expectations that it could start hurting India’s import bill. The slide was triggered chiefly by July’s trade deficit that widened to $15.8 billion on the back of pricier oil.

Last week, volatility in the dollar was curbed, but a mixed set of

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Legal opinion sought to interpret SC order
NEW DELHI: The government, bankers and private power companies are seeking legal opinion to interpret the Supreme Court’s Tuesday order on the RBI’s controversial circular because experts have diverging views on its implications on the resolution process.

They are seeking clarity on whether the ongoing resolution process by lenders would be

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Jay Thakkar of Anand Rathi has a buy call on Oracle Financial Services Software Ltd. with a target price of Rs 4471.0 . The current market price of Oracle Financial Services Software Ltd. is Rs 4271.6. Time period given by the analyst is Intra Day when Oracle Financial Services Software Ltd. price can reach the defined target. Jay Thakkar
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JPMorgan predicts the next financial crisis will strike in 2020
By Chris Anstey

How bad will the next crisis be JPMorgan Chase - Co. has an idea.

A decade after the collapse of Lehman Brothers sparked a plunge in markets and a raft of emergency measures, strategists at the bank have created a model aimed at gauging the timing and severity of the next financial crisis. And they reckon investors should

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Some power firms taken to NCLT just before SC order
MUMBAI: Lenders dragged a bunch of power companies to the National Company Law Tribunal (NCLT), signalling their intention to seek an early resolution to the issue of bad loans, just hours before the Supreme Court ordered status quo to be maintained on cases filed against companies from sectors including sugar, shipping and power to proceed under
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Buy Jindal Steel Power, target Rs 235: Kunal Bothra
Independent analyst Kunal Bothra has a buy call on Jindal Steel - Power Ltd. with a target price of Rs 235. The current market price of Jindal Steel - Power Ltd. is Rs 224.25 Time period given by the analyst is Intra Day when Jindal Steel - Power Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs
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India says state energy companies scouting projects in Russia
NEW DELHI - India's state-run energy companies are looking to participate in more oil and gas projects in Russia, India's oil minister said on Thursday, as a way to use the sector to bolster ties with the traditional ally rich in resources.

"Our engagement in the hydrocarbon sector, including some major investments, has become one of the key

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How to redeem mutual fund
The process is easy, and depending on the type of mutual fund you hold, money can be credited to your bank account in a maximum of 4-5 working days after you submit a redemption request to the fund house 1. How does an investor redeem mutual fund units

A unit of a mutual fund can be redeemed on any business day. In the physical mode, investors

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Buy Lupin, target Rs 990: Jay Thakkar
Jay Thakkar of Anand Rathi has a buy call on Lupin Ltd. with a target price of Rs 990.0 . The current market price of Lupin Ltd. is Rs 956.35. Time period given by the analyst is Intra Day when Lupin Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 949. Lupin Ltd., incorporated in 1983, is a largecap company
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World sleepwalking to another financial crisis: Gordon Brown
London: Former British Prime Minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major financial crash a decade ago.

Britain's leader when the collapse of the US investment bank Lehman Brothers triggered the worst financial crisis

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Paytm money app rated 2.9/5 by android users
NEW DELHI: Paytm Money, an investing app launched less than a fortnight ago, received lukewarm reviews from Android phone users who gave it a 2.9 out of 5 rating though over 9.6 lakh users have made requests to register on the platform, data in the public domain show.

Paytm parent One97 Communications has made a $10-million investment in the

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