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Petrol, diesel prices may fall; OMCs to be in focus on Tuesday
NEW DELHI: Petrol and diesel prices may fall by 40-50 paise in the next 4-5 days, ET Now reported on Monday, quoting oil ministry sources.

A fall in fuel prices may bring shares of oil marketing companies (OMCs), including HPCL, BPCL and Indian Oil Corporation in focus for the next few trading sessions.

Petrol prices fell around 10 paise and

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Any dip towards 10,929 can be buying opportunity
By Achin Goel

Where are we The Nifty, which reversed its downwards trend in the previous week has continued its rally during the last week. Moreover, the Index has given a trend-line breakout on the weekly chart which indicates positive trend against the previous falling trend. A move above the consolidation pattern on the weekly chart suggests

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Hindustan Unilever Q1 results on Monday; herewhat to expect
NEW DELHI: FMCG major Hindustan Unilever is poised to report its financial results on Monday for the quarter ended June 2018 on Monday. There are expectations that consumer-oriented companies are likely to see double-digit volume growth aided by a recovery in rural areas and a soft base.

An assessment by Kotak Institutional Equities showed that

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Stock indices feel macro heat, Sensex crashes 218 pts
NEW DELHI: Frontline stock indices piled up more losses on Monday for the second consecutive session, let down by metal, pharma, auto, bank and energy shares.

Macroeconomic indicators turned out to be a worrying omen. Mixed global cues kept investors' mood downbeat.

The tepid start was a follow-up to dull Asian cues after China's economy slowed

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Fresh buying to hold Nifty above 11,000
By Rahul SharmaBuying at the lower levels is expected to continue during the week, which may take the Nifty towards 11,200 and higher according to technical analysts. The sharp correction in crude prices over the last few days also provides comfort to the oil marketing companies, as the risk-reward remains favourable, they said. Where are we The
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Listed firms' transfer of shares to be in demat form from December
NEW DELHI: Transfer of shares of listed companies has to essentially be in dematerialised mode from December 5, according to markets regulator Sebi.

In a recent notification, the regulator announced the amendment to the LODR (Listing Obligations and Disclosure Requirements) Regulations pertaining to share transfer agent.

At present, as per the

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Morgan Stanley sees double-digit return from stocks; 20 top picks
Selective buying in heavyweight stocks took the benchmark BSE Sensex to an all-time high level last week.

However, most of the stocks in the 30-share index are still giving negative returns on a year-to-date basis. The selling pressure has been severe in midcap and smallcap stocks.

Headwinds in the form of weak emerging markets, rising rates,

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Stock market update: Nifty Pharma top sectoral loser; Dr. Reddy's Labs cracks 8%
NEW DELHI: Nifty Pharma index was trading as the top loser among the sectoral indices on NSE in Monday's trade.

The Nifty Pharma was trading 2.42 per cent down at 8,943 around 11:05 am with Dr. Reddy's Laboratories (down 8.32 per cent) as the top loser.

Shares of the company plunged after New Jersey District Court granted a preliminary injunction

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Sebi seeks comments on fresh norms for fiduciaries
NEW DELHI: To check financial frauds, regulator Sebi has proposed a new set of norms for auditors and other fiduciaries working with listed firms, under which defaulters will face stringent penal actions, including ban from securities markets and disgorgement of fees.

Those found guilty of providing wrong audit or valuation reports would have to

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HUL Q1 profit rises 19% YoY to Rs 1,529 crore, meets expectations
NEW DELHI: FMCG major Hindustan Unilever on Monday reported at 19.17 per cent YoY jump in net profit at Rs 1,529 crore for the quarter ended June 30, 2018. It had posted a net profit of Rs 1,283 crore in the corresponding quarter last year.

ET NOW poll had predicted a net profit of Rs 1,525 crore.

Revenue from operations of the company increased

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Fintech business have actually succeeded to accommodate only 23 percent of the elite/affluent section of the Indian economy while a substantial part still stays untapped. The lower and middle income sector, which comprises 47 per cent of the population, stays a possible market, mentions a study supported by JP Morgan. Fintechs have the opportunity to cater
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FDI in services sector slumps 23% in 2017-18
NEW DELHI: FDI inflows in the services sector declined by about 23 per cent to $6.7 billion in 2017-18, according to the Department of Industrial Policy and Promotion (DIPP).

The sector had attracted FDI worth $8.68 billion in 2016-17. The services sector includes finance, banking, insurance, outsourcing, R-D, courier, tech testing and

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By Santanu Chakraborty and David Ingles

India may be Asia’s best-performing major market this year, but not everyone is rejoicing the return of the nation’s benchmark gauges into record territory.

A peek under the hood of the S-P BSE Sensex gauge’s 7.3 per cent gain this year shows it’s being dominated by three stocks -- Tata Consultancy

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China bars foreign companies, other securities from stock link
Chinese investors will be barred from trading in shares of dozens of foreign companies and those with weighted-voting rights such as Xiaomi Corp. as regulators seek to shield retail investors using the nation’s stock link with Hong Kong from less widely understood securities.

The Shanghai Stock Exchange’s exclusion also covers stapled securities —

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Market cap of nine of top 10 most valued companies zoom Rs 1.58 lakh crore
NEW DELHI: Combined market capitalisation of nine of the 10 most valued companies surged by a whopping Rs 1,58,882.34 crore last week, helped by an overall strong broader market and smart surge in the valuation of Reliance Industries (RIL).

Tata Consultancy Services (TCS) continued to rule the market cap chart followed by RIL, HDFC Bank, Hindustan

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10 stock ideas that brokerages say can deliver gains over next 3 weeks10 stock ideas that brokerages say can deliver gains over next 3 weeks10 stock ideas that brokerages say can deliver gains over next 3 weeks
10 stock ideas that brokerages say can deliver gains over next 3 weeks
NEW DELHI: Spooked by fresh Sino-US trade war tensions and China’s soft GDP growth data for second quarter, investors turned cautious on Dalal Street on Monday.

Last week, equity benchmarks Sensex and Nifty gained over 2 per cent on the back of a fall in crude prices, earnings boost and a recovery in the rupee. Experts believe the general market

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Share market update: Over 200 stocks hit 52-week lows on NSE
NEW DELHI: Over 200 stocks, including Ambuja Cements, Andhra Bank, Atlas Cycles (Haryana), Bank of India and BHEL hit 52-week lows on NSE during Monday's session.

Can Fin Homes, Capital First, Corporation Bank, Cummins India, Deepak Fertilizers and Petrochemicals Corporation, Den Networks, Dena Bank, Dollar Industries, Federal Bank, HDIL, IDFC,

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Dalal Street ready for Rs 14,000 crore IPOs
NEW DELHI: The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming week to raise over Rs 14,000 crore.

The first among the lot would be TCNS Clothing, which sells its products under W, Aurelia and Wishful brands, that will launch its Rs

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Top intraday trading ideas for afternoon trade for Monday, 16 July 2018
NEW DELHI: Equity benchmarks Nifty50 and Sensex were trading in the negative territory around 11:40 am on Monday following selling in frontline bluechip counters.

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

Manas Jaiswal of manasjaiswal.comAsian Paints is a

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DRL takes a hit of 9% on US court order
Dr Reddy's Laboratories reeled early Monday, plunging 9 per cent, after the New Jersey District Court granted a preliminary injunction against sale of the generic version of Suboxone used for treating opioid dependence.

The stock crashed 9.48 per cent to hit a low of Rs 2,097.70 on the BSE.

The court has prevented Dr Reddy's from re-launching its

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Finance Ministry may seek extension of deadline from Sebi for PSBs on minimum public float norm
NEW DELHI: The finance ministry may approach markets regulator Sebi to seek relaxation on the minimum 25 per cent public shareholding norm for some public sector banks (PSBs).

There are 13 PSBs including IDBI Bank, Bank of India in which the government holding is more than 75 per cent.

If these banks are unable to meet the norm by August deadline,

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Tata Starbucks nets first positive Ebitda
Mumbai: Tata Starbucks, a joint venture between the Tata Group and Starbucks, posted its first positive Ebitda (earnings before interest, tax, depreciation and amortisation) after sales growth nearly doubled during FY17-18.

Tata Global, in its latest annual report said Tata Starbucks, improved sales by 28% in FY 2017-18 with robust in-store

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Infosys gathers traction on Q1, up 3%
NEW DELHI: Infosys paced up well on Monday, climbing 3 per cent, in the wake of the IT biggie's June quarter earnings.

The second-largest software major reported a 3.7 per cent growth in consolidated net profit at Rs 3,612 crore for April-June, compared with Rs 3,483 crore in the year-ago period.

Revenues rose 12 per cent to Rs 19,128 crore

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FPIs continue their selling spree; withdraw Rs 1,200 crore from debt markets so far in July
NEW DELHI: Continuing their selling spree, foreign investors have pulled out nearly Rs 1,200 crore from the debt markets in the first two weeks of the month on higher fuel prices and possibilities of rate hike by the US Federal Reserve.

The latest sell-off comes after foreign portfolio investors (FPIs) withdrew an amount close to Rs 50,000 crore

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NBFCs may post over 30% earnings growth in Q1
Mumbai: Bajaj Finance, Shriram Transport Finance and Mahindra Finance are expected to lead over 30% earnings growth for the non-banking financial companies in the June quarter on high retail loan growth, buoyed by a pick up in rural demand.

These companies, however, are likely to report higher loan losses, according to the Indian Accounting

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Stock market update: FMCG stocks mixed; HUL, ITC up, but Marico, Dabur down
NEW DELHI: FMCG stocks were trading mixed during Monday's session.

However, gains in Godrej Consumer Products (up 2.09 per cent), Hindustan Unilever (HUL) (up 1.34 per cent), GlaxoSmithKline Consumer Healthcare (up 1.16 per cent) and Britannia Industries (up 1.16 per cent) were keeping the sectoral index in the green.

The Nifty FMCG index was

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Q1 earnings and 7 other factors that may steer market in the week ahead
NEW DELHI: After months of indecisiveness and dullness, barring some intermittent sparks, the bulls put up a brilliant show during the week gone by.

Buoyed by a sharp drop in crude oil prices, a recovery in the rupee and earnings optimism, domestic equities scaled record highs during the week.

On a weekly basis, the S-P BSE Sensex gained 2.47

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Bengaluru: Foreign portfolio investors (FPIs) are cutting their exposure to Indian IT companies, with Wipro seeing a higher fall in their holdings, followed by Infosys, as the sector continues to adjust to the disruption caused by digital technologies.

Infosys’ foreign portfolio investors have continued to sell their shares in the company, even as

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Friday’s session saw expected stalling of Nifty’s upmove after a breakout from a pattern resistance. The market remained in a capped range and after oscillating in a defined range, the benchmark index Nifty50 ended the day posting negligible loss of 4.30 points or 0.04 per cent. The Thursday’s high of 11,078 has now become the immediate resistance
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Tighter rules coming up for CAs, valuers and monitoring agencies
Sebi has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things.

The Kotak Committee, formed to come up with proposals for improving corporate governance, last year recommended that the Securities and Exchange Board of India (SEBI) should

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