Charts show buying interest in lows
By Nagraj Shetti

Where are we Choppy trend continued in the market last week and the Nifty closed the week on a minor positive note. The index is currently facing resistance from the down sloping trend line as per daily and weekly time frame chart, which is currently placed around 10,800-10,820 levels. Though the Nifty moved up by forming higher

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DB Corp climbs 4% on share buyback approval
NEW DELHI: Shares of DB Corp jumped 4 per cent in Monday's trade after the media firm's shareholders approved Rs 312.80 crore share buyback proposal.

"The special resolutionhas been passed with requisite majority by the members of the company," DB Corp said in a filing to BSE.

Following the announcement, the stock rose 4.15 per cent to hit a

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FPIs infuse Rs 3,000 crore in just five trading sessions
NEW DELHI: Foreign investors have pumped in over Rs 3,000 crore in the Indian capital markets in the last five trading sessions after pulling out hefty funds during April-June.

The recent infusion comes following a net outflow of more than Rs 61,000 crore in the last three months. Prior to that, they had poured in Rs 2,662 crore in March.

According

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10 stock ideas analysts say may deliver gains in 3 weeks
NEW DELHI: The bulls retained their control on Dalal Street on Monday and helped benchmark indices open with solid gains.

During the week gone by, the S-P BSE Sensex added 0.66 per cent to settle at 35,657 while NSE's Nifty50 ended 0.54 per cent higher at 10,772.

Experts believe the domestic market is expected to see rangebound trade with a

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Q1 earnings preview: Low base, good rural demand to help auto firms post solid growth
India’s auto industry is likely to report double-digit topline growth for the quarter ended June 2018. A low base effect, strong rural demand and healthy growth in overseas sales are likely to aid top lines and bottom lines for the quarter.

The sector witnessed a healthy growth momentum in Q1FY19 with two-wheelers growing 15 per cent

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Q1 earnings, IIP data, trade war tensions to drive market in the week ahead
NEW DELHI: Volatility continued to grip Dalal Street during the week gone by, but the bulls emerged triumphant at the end. Investors largely appeared resilient to trade war tensions, as the US officially pushed the button early Friday and imposed the first import duties on $34 billion worth of Chinese goods.

For the week, the S-P BSE Sensex

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Stock market update: PSU bank stocks rise; PNB, SBI, BoB among gainers
NEW DELHI: Most PSU bank stocks were trading with gains during morning trade on Monday.

The Nifty PSU Bank index was trading 0.52 per cent up at 2,787 around 10:25 am.

Punjab National Bank (up 1.10 per cent) was the top gainer in the PSU bank index.

The state-run lender has put on sale three non-performing assets to recover Rs 136 crore in dues

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Pharma sector may post 17% revenue growth in June quarter: Report
MUMBAI: The pharmaceutical industry is likely to report a 17 per cent revenue growth in the June quarter, driven by strong domestic growth and currency tailwinds, said a report.

"Overall revenue for the pharma sector is likely to grow 17 per cent YoY (year-on-year) and PAT 50 per cent YoY," Edelweiss Securities said in its report.

"Domestic sales

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All through the previous week, the domestic equity market remained generally resilient to the weakness that was witnessed in some pockets of global trade. The Nifty50 fared better than the previous week and this week, it ended with minor gains of 58.35 points, or 0.54 per cent, on the weekly chart.

On the daily chart, the Nifty50 has pulled back

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Lenders likely to put up a muted show, but therea silver lining
MUMBAI:The June quarter performance at Indian lenders could be tepid due to low earnings or losses in bond portfolios, higher provisions because of the ageing in bad loans, and low capital positions that continue to straitjacket growth at PSU banks. Still, analysts expect slippages to moderate and NCLT led recoveries to lend a dash of colour to

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Trade set up for Monday: Nifty must close above 10,800-10,850 zone to resume meaningful upmove
The session on Friday remained much rangebound wherein the Nifty oscillated in the 40-point range. It remained in much capped range and gave up some of its gains in the last hour of the trade. The index settled the Friday’s day with modest gains of 22.90 points or 0.21 per cent.

The significant behavior of the markets throughout the previous week

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DB Corp shareholders approve Rs 313-crore buyback plan
Media firm DB Corp today said its shareholders have approved a Rs 312.80 crore share buyback proposal. "The special resolutionhas been passed with requisite majority by the members of the company," DB Corp said in a BSE filing.

"This is furtherance to our letter dated June 7, 2018 informing you of dispatch of notice of postal ballot to the

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Share market update: These stocks defy positive market sentiment, plunge up to 5%
NEW DELHI: Shares of AU Small Finance Bank (down 6.45 per cent), Kiri Industries (down 4.99 per cent), Manpasand Beverages (down 4.99 per cent) and Vakrangee (down 4.92 per cent) plunged 5 per cent on NSE in morning trade on Monday, defying positive market mood.

Equity markets were in the green amid positive global cues.

Buying was observed across

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PSU banks plan to raise over Rs 50,000 crore equity capital in FY19
NEW DELHI: Public sector banks are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms.

Capital is very much required for these banks as they are saddled with non-performing assets (NPAs) of about Rs 10 lakh crore.

According to

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ETMarkets Special Weekend Podcast: Wherethe money in IPO mart
Hello! From ETMarkets.com, this is Saloni Goel with our Weekend Podcast.

Globally, Indian primary market recorded the highest IPO activity in the first half of this calendar, as some 90 IPOs raised a total of $3.9 billion.

As many as 15 of these issues that accounted for 93 per cent of total proceeds got listed on the mainline boards, while NSE’s S

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Stock market update: Sensex, Nifty tread higher; these stocks surge over 8%
NEW DELHI: Shares of Bharat Rasayan (up 9.40 per cent), Time Technoplast (up 8.45 per cent) and Indo Count Industries (up 8.20 per cent) surged over 8 per cent on NSE in morning trade on Monday.

Stocks such as V-Mart Retail (up 6.60 per cent), Shriram EPC (up 5.88 per cent) and United Bank of India (up 5.43 per cent) were trading over 5 per cent

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India will achieve double-digit growth soon: BSE chief Ashishkumar Chauhan
By Rohit VaidMUMBAI: Despite the global equity market volatility, along with banking sector woes, the macro-economic scenario is extremely positive in India, says the top executive of the Bombay Stock Exchange (BSE).

"Banks' books are getting cleaned up and NPAs (non-performing assets) are also being recognised in a transparent manner. With

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Project Sashakt looks good on paper, but can it really deliver
By DK AggarwalWith an aim to resolve the problem of stressed assets of public sector banks, the government recently unveiled another strategy, called 'Project Sashakt'.

India’s PSU banks make up 70 per cent of the total banking industry and the ongoing cleanup exercise, initiated by a former RBI governor, has helped dig out much of the hidden dirt

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Whatmaking EM stocks look cheap
NEW YORK: This year’s unrelenting slide in emerging-market stocks makes them relatively cheap, at least judging by a price-to-estimated-earnings ratio that’s now hovering at the lowest in more than two years.

The ratio for the MSCI Emerging Markets Index has fallen below its historical average of 11.4 and has now reached about 11.2, the lowest

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Q1 earnings preview: How much pain will the banks cause this time
The banking sector is likely to show easing of asset quality pressure in June quarter numbers compared with the numbers for the sequential quarter ended March 2018. However, bottom lines are likely to remain muted for both PSU lenders as well as corporate private banks.

ICICIdirect.com expects gross non-performing assets (GNPA) of lenders under

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The week in 10 stocks: Which ones hit 52-week highs; new listings big losers
The domestic equity market rallied more than half a per cent during the week ended July 6. Buying in automobile stocks on better-than-expected car sales in June and demand for FMCG stocks after the hike in MSP by the government on Wednesday aided market sentiment.

BSE Sensex gained 234.40 points, or 0.66 per cent to close at 35,657 on July 6 from

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Jaiprakash Associates soars 5% on bagging Rs 2,853 crore order
NEW DELHI: Shares of Jaiprakash Associates climbed 5 per cent in Monday's trade after the company bagged Rs 2,850-crore contract from Chenab Valley Power Projects.

While the company is yet to report about the order win, sources told PTI that the flagship firm of debt-ridden Jaypee group secured Rs 2,853 crore contract for construction of diversion

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Eight of 10 most valued companies add Rs 66,626 crore in m-cap
NEW DELHI: Eight of the 10 most valued companies added Rs 66,625.6 crore to their market valuation last week, with TCS emerging as the star performer.

While Infosys and SBI suffered losses in their market capitalisation (m-cap) for the week ended Friday, TCS, Reliance Industries Limited (RIL), HDFC Bank, HUL, ITC, HDFC, Maruti Suzuki India and Kota

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NEW DELHI: Within half-a-year since Sebi defined largecap, midcap and smallcap companies in order to ensure uniformity in the investment universe for equity mutual fund schemes, Amfi has released a revised list, as mandated by Sebi, which has sent many midcaps into the largecap category and vice-versa.

The new order will be effective for the

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MUMBAI: Local business houses and financial services groups will find it easier to rope in foreign partners to carry out fund management activities in India with the capital market regulator, Sebi, clearing the fog caused by a new rule.

The Securities and Exchange Board of India has spelt out that sponsors and managers of alternative investment

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India Inc raises Rs 1,000 crore via QIP in May
NEW DELHI: Indian firms mobilised a little over Rs 1,000 crore through issuance of shares to institutional investors during May this year, witnessing a drop of 46 per cent over the previous month.

During April 2018, the firms had mopped up Rs 1,862 crore.

As per the latest data available with the Securities and Exchange Board of India (Sebi), the

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Tech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billionTech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billionTech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billion
Tech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billion
Tech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billionTech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billionTech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billion
Tech titan: Mark Zuckerberg becomes third-richest in the world with net worth of $81.6 billion

Hello, August!

30 Aug, 2017

You live with your name all through your life! It is not just something that goes on your birth certificate. There's no denying the fact that most celebrities love to create a little attention for themselves. More often than not, they're also creative. So what do you get when you have a group of people that crave

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LIC sells equity holdings worth Rs 12,000 crore
MUMBAI: Life Insurance Corp (LIC), the country’s biggest institutional investor, is said to have sold equities worth about Rs 12,000 crore through the past month, putting in place a judicious and systematic financing plan to raise its stake in the beleaguered IDBI Bank.

The LIC’s move was part of a prudent approach to arranging funds for the a

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Government working on time-bound plan for conversion of unlisted companies' shares into demat form
NEW DELHI: The government is working on a time-bound action plan for unlisted companies to convert their shares into dematerialised form, and MSMEs are likely to be exempted from the requirement, according to a senior official.

Keeping shares in the dematerialised (demat) or electronic form will also act as a safeguard against illegal dealings

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United Bank of India to raise equity capital of Rs 1,500 crore
Public-sector United Bank of India today said it will raise up to Rs 1,500 crore by issuing equity shares in one or more tranches.

The bank's shareholders, at its annual general meeting today, approved the proposal to create, offer and allot equity shares not exceeding Rs 1,500 crore in one or more tranches.

This capital raise will be in addition

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