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The Indian equity market had technically important week in many ways during the seven days gone by. The benchmark Nifty50 index ended the week on a buoyant note, gaining 246.25 points or 2.29 per cent on a week-on-week basis. The previous week was also technically important, as the index faced resistance at the falling trend line that emerged from
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HDFC Mutual Fund gets Sebi go-ahead for IPO
The Securities and Exchange Board of India (Sebi) has approved HDFC Asset Management Company’s much-awaited initial public offering (IPO) after the regulator’s conditions were complied with.

The capital markets regulator’s nod came after distributors and financial advisers, which had received shares of the country’s second-largest mutual fund in an

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10 takeaways from Infosys& Q1 earnings: Panaya pain and a surprise bonus
NEW DELHI: IT giant Infosys on Friday came out with a mixed set of quarterly numbers for the June quarter. India's second-largest software service s major posted a net profit of Rs 3,612 crore, up 3.70 per cent, from Rs 3,483 crore in the same quarter last year.

The figures came in below an ETNow poll of Rs 3,731.80 crore.

Bottom line dropped

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US court prevents Dr Reddy's Laboratories from selling opioid dependence treatment drug
NEW DELHI: Shares of Dr Reddy's Laboratories would be in focus on Monday morning after the New Jersey District Court granted a preliminary injunction against the domestic drugmaker on sale of a generic version of Indivior's prescription medicine Suboxone in the US market. The drug is used for treatment of opioid dependence.

The court has prevented

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Infosys announced a 1:1 bonus issue to mark its 25th year as a public company but continued to forecast industry-lagging growth in a sharp contrast to the double-digit rise in revenue predicted by rival Tata Consultancy Services.

The Bengaluru-based software services exporter, once the bellwether of the Indian IT services industry, is being

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Lemin Tree Hotels share price: Buy Lemon Tree Hotels, target Rs 93: Nirmal Bang Institutional Equities - The TheIndianSubcontinent

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Aurobindo Pharma acquires Apotex's businesses in 5 countries for 74 million euros
NEW DELHI: Aurobindo Pharma on Saturday said it had signed a definitive agreement to acquire Apotex's businesses in Czech Republic, Poland, Spain, Belgium and the Netherlands for 74 million euro.

The move is seen as Aurobindo's attempt to strengthen its commercial infrastructure, particularly in the generics market of Eastern Europe. At present, A

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Bank of Baroda gets shareholders' nod to raise Rs 6,000 crore
Public sector Bank of Baroda has received approval from shareholders to raise up to Rs 6,000 crore by issuing equity shares through various modes, including QIP, rights issue or a follow on public offer.

"Bank of Baroda today received approval from shareholders to raise additional up to Rs 6,000 crore through equity capital by way of QIP/ FPO/

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Sensex wipes out entire gains to end flat; Nifty50 holds above 11,000
NEW DELHI: Domestic equity market ended Friday's session on a flat note, snapping five-session winning streak, as gains in Reliance Industries, HDFC duo, Infosys and Kotak Mahindra Bank were offset by losses in ITC, ICICI Bank, Axis Bank and State Bank of India.

The risk appetite received a blow by weak macro numbers released on Thursday that

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Commodity outlook: Crude, metals bullion sway to trade war swings
By Pritam Kumar Patnaik

Crude prices showed extremely volatility during the week gone by while US-China trade war weighed on base metals and some agro-commodities like soya. Here’s a detailed look at how last week’s movers and shakers of the commodities mart. Crude in seesaw tradeCrude prices were extremely volatile during the week ending July 13,

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PC Jeweller withdraws Rs 424 crore share buyback proposal
NEW DELHI: PC Jeweller on Friday said that it was withdrawing a May 10 proposal wherein it was announced that the jeweller will buy back shares worth Rs 424 crore from the shareholders.

In view of the non-receipt of the requisite NOC from the company's bankers, the board of directors at its meeting held today has decided to withdraw the aforesaid b

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NEW DELHI: After scaling fresh record highs in intraday trade, the S-P BSE Sensex ended flat on Friday. At close, the index stood at 36,541, down 7 points, with Reliance Industries (RIL) being the top gainer and ONGC (down) the worst laggard.

NSE’s Nifty50 ended above 11,000 at 11,019 with 23 constituents advancing and 27 declining.

Despite

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Multiple factors create climate for tourism boom; watch the stocks
By DK Aggarwal

Tourism plays an important role in India’s economic development and employment generation. The industry has witnessed good growth with an increase in the foreign tourist arrivals. In order to compete in this competitive business, India is creating niche products such as heliport tourism, medical tourism, wellness tourism, adventure t

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Allotment of shares to FPIs in IPOs need to be verified with PAN: Sebi
Markets regulator Sebi today said that allotment of shares to foreign portfolio investors (FPIs) in initial public offers would need to be verified with PANs to check against any breach of investment limit through multiple entities.

Under the rules, purchase of equity shares of each company by a single FPI or an investor group would have to be

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F O: OI levels in Calls and Puts signal 10,929-11,171 Nifty range
By Chandan TapariaThe Nifty50 index opened in the positive, but failed to surpass its previous day’s high and remained rangebound for most part of the session.

The index formed a bearish candle on daily scale, and managed to settle above the psychologically important 11,000 mark for the second consecutive session.

Now, it has to hold above 10,975

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The domestic stock market rejoiced during the week gone by as the Nifty50 tested all-time highs. However, the broader market was still lagging. Certainly, this is not a healthy sign.

During strong bull markets, there is convergence; all stocks and sectors inch higher. But the current scenario is opposite. There is large divergence; majority stocks

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InterGlobe Aviation to seek shareholders' nod for additional borrowings
New Delhi, Jul 13 (PTI) IndiGo's parent InterGlobe Aviation will seek shareholders' approval for borrowing additional Rs 10,000 crore as it will be taking deliveries of a significant number of aircraft, according to a filing.

The company, which operates the country's largest airline by market share, would also be seeking nod for "creation of

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F O: OI levels in Calls and Puts signal 10,929-11,171 Nifty range
By Chandan TapariaThe Nifty50 index opened in the positive, but failed to surpass its previous day’s high and remained rangebound for most part of the session.

The index formed a bearish candle on daily scale, and managed to settle above the psychologically important 11,000 mark for the second consecutive session.

Now, it has to hold above 10,975

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TA Associates buys stake in Prudent Corp
MUMBAI: US private equity firm TA Associates has acquired a significant minority stake in Prudent Corporate Advisory Services, an Ahmedabad-based independent distributor of mutual funds in a deal worth $40 million.

“TA’s investment is a critical milestone for Prudent as we embark on our next phase of growth and seek to deepen our presence across mu

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Moody's downgrades Tata Motors rating on JLR woes
Global rating agency Moody's today said it has downgraded the corporate family rating on Tata Motors due to the weakening credit metrics at Jaguar Land Rover (JLR).

Moody's Investor Services has downgraded Tata Motors rating to Ba2 with a stable outlook. Earlier, the agency had a Ba1 rating on the company.

"The downgrade to Ba2 reflects our

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Buy HEG, target Rs 4400: Jefferies Group
Jefferies Group has a buy call on HEG Ltd. with a target price of Rs 4400.0 . The current market price of HEG Ltd. is Rs 3783.65 Time period given bythe brokerage is a year when HEG Ltd. price can reach defined target. HEG Ltd., incorporated in 1972, is a largecap company with a market cap of Rs 15569.88 crore.

Investment rationale by JeffriesWe

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Life insurance premium collection Up 10.78% in Q1
MUMBAI: The life insurance sector saw premium collections grow by double digits in the June quarter, driven mainly by companies’ sharpened focus on singlepremium products.

In the quarter to June 30, the collections grew by 10.78% from a year ago to ₹33,166 crore, according to data released by the Insurance Regulatory and Development Authority (IRDA

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After record loss in Q4, PNB now eyes Indiabiggest bank profit
By Siddhartha SinghThe Indian bank that saw its earnings wiped out by an unprecedented fraud aims to report the nation’s biggest bank profit by selling some assets, according to people familiar with the matter.

Punjab National Bank is targeting net income of more than Rs 5,000 crore ($730 million) for the three months through Sept. 30, boosted by

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Stock market update: Over 20 stocks hit 52-week highs on NSE
NEW DELHI: Bajaj Finserv, Bajaj Finance and Britannia Industries featured among the 22 stocks that touched 52-week highs on NSE on Friday.

HDFC Bank, Hindustan Unilever, Kotak Mahindra Bank, KPIT Technologies, Reliance Industries and Seamec also joined the pack of stocks that touched 52-week highs.

Domestic market ended Friday's session on a flat

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The buyback price of HCL Technologies disappointed investors, dragging the share price down by 2% to Rs 984.85 on Friday. The company’s board on Thursday approved a share buyback of up to Rs 4,000 crore at Rs 1,100 apiece, below market expectations of Rs 1,150-1,200 per share.

“HCLT’s buyback price is at a 14% premium to its price preannouncement a

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NEW DELHI: Many may not be exactly happy with the way GST has unfolded so far, but V-Mart is not complaining, for sure.

Evidently, the numbers are on its side. At a time when smallcaps are bleeding profusely, V-Mart Retail has stood out, zooming 108 per cent since January this year to July 9. Quite a handful of industries are still making a

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Buy Ashoka Buildcon, target Rs 328: Edelweiss

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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ET Intelligence Group: The June 2018 quarter results of Infosys reflect that the investors waiting for the company to perform as good, if not better, than its largest peer Tata Consultancy Services (TCS) may have to wait a little longer. Infosys, the country’s second-largest software exporter reported slower sequential growth in revenue and p
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Tech View: Nifty50 forms small bearish candle, may pause rally
NEW DELHI: The Nifty50 faced resistance at higher level on Friday to eventually settle flat. The index, though, respected its key support at 11,000 level. In the process, it formed a small bearish candle on the daily chart, signalling the possibility of a near-term pause in the ongoing momentum.

That said, a bullish candle was clearly visible on

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Infosys Q1 profit rises 4% YoY to Rs 3,612 crore; firm announces bonus issue in 1:1 ratio
NEW DELHI: India's second largest IT firm Infosys on Friday reported 3.70 per cent YoY jump in profit at Rs 3,612 crore for the quarter ended June 30. Analysts in an ETNow poll had predicted a profit of Rs 3,731.80 crore.

Profit was marginally impacted as the company recorded a reduction in the fair value of disposal group held for sale amounting

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