StockMarket

Farm loan waivers may rise up to Rs 2.7 lakh crore
Mumbai: In more bad news for banks, farm loan waivers could rise up to Rs 2.7 lakh crore ($40 billion) by the general elections next year, says BofA-Merrill Lynch in a report. Karnataka Chief Minister HD Kumaraswamy on Thursday presented the Congress-JD(S) coalition government’s maiden budget, announcing a farm loan waiver worth Rs 34,000 crore.

“T

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Trump's $500 billion trade threat makes China's already battered investors shiver
SHANGHAI/SINGAPORE: Six months of wrangling over trade tariffs with the United States has wiped out about a fifth of China's stock market value and driven its currency down sharply. But those moves may have just been a downpayment on what is yet to come.

Shanghai's benchmark share index is down roughly 22 percent since January, when U.S. President

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Stock market update: Realty stocks up; Sobha, DLF jump 4%
NEW DELHI: Realty stocks Sobha (up 3.96 per cent) and DLF (up 3.95 per cent) were trading with decent gains during the last hour of Friday's session.

The Nifty Realty index was trading 1.53 per cent up at 269 around 02:55 pm.

Shares of Housing Development - Infrastructure (HDIL) (up 1.52 per cent), Prestige Estates Projects (up 1.06 per

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NSE to conduct mock trading session in currency derivatives on July 14
The National Stock Exchange will conduct a mock trading session for currency derivatives on July 14 ahead of implementing the self trade prevention check.

A mock trading (contingency) session in the currency derivatives segment would be conducted on July 14, the exchange said in a circular.

The bourse said the announcement is in continuation of

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Don&t crib about MSP hike, actually it isn&t too much; herewhy
The government move to increase minimum support prices (MSPs) for kharif season (for 13 summer crops; average hike of 15 per cent) marks the highest increase since 2013. Importantly, it reflects a lagged intervention by the government to ameliorate the long-standing farm sector distress arising from declining net realisations, especially in the
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Share market update: Pharma stocks mixed; Cipla, Sun Pharma lead among losers of the pack
NEW DELHI: Pharma stocks were trading mixed during the last hour of Friday's session.

The Nifty Pharma index was trading 0.30 per cent down at 9,247 around 02:50 pm.

Cipla (down 1.52 per cent), Sun Pharmaceutical Industries (down 1.02 per cent), Cadila Healthcare (down 0.44 per cent) and Dr. Reddy's Laboratories (down 0.37 per cent) were the

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Nifty continued to tread choppy waters signalling the ongoing phase of correction. However, the 50-pack is just a mirage; the real action is happening in smallcap and midcap indices, which have most likely made a bottom and are ready to move higher.

Negative sentiments had whacked down these smallcap and midcap shares by around 25-30 per cent and

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Tech view: Nifty50 forms 'Shooting Star' pattern; needs to hold 10,777
NEW DELHI: The Nifty50 faced resistance at higher level on Friday, as it ended up forming what resembled a 'Shooting Star' on the daily chart.

Analysts see multiple resistances in the 10,820-850 zone. They say the index needs to hold above 10,777 to carry on with the positive momentum. Friday's was the fourth consecutive session when the index

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Stock market update: TCS, HCL Tech keep Nifty IT index in the green
NEW DELHI: Gains in Tata Consultancy Services (up 1.94 per cent), HCL Technologies (up 1.86 per cent) and Tata Elxsi (up 1.09 per cent) were keeping the Nifty IT index in the positive terrain during afternoon trade on Friday.

The Nifty IT index was trading 0.37 per cent up at 14,022 around 02:40 pm.

However, shares of Oracle Financial Services

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Mumbai: Adani Enterprises, one of the best performers on Dalal Street in 2017, is no longer popular with institutional investors. Brokerage CLSA said it has dropped coverage of Adani Enterprises due to lack of investor interest amid demerger of various businesses and project hurdles.

The demerger of better parts of the business and resistance to

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After Hours: Tata Motors& U-turn, Sensex movers, insider trade in Atul
NEW DELHI: The stock market has its own mind!

On Friday, domestic equities broke ranks with sinking global peers as the trade war between the US and China began officially. The bulls did lose some momentum in the later part of the day but still went home with decent gains.

The S-P BSE Sensex closed 83 points higher at 35,657, while the

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European shares steady as world prepares for a trade war
LONDON: European shares opened in positive territory on Friday as the trade dispute between the United States and China escalated further with US tariffs on $34 billion in Chinese imports taking effect and China immediately vowing to retaliate.

The pan-European STOXX 600 index was up 0.2 per cent by 0724 GMT while Germany's exporter-heavy DAX rose

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MUMBAI: Flows into equity and balanced fund schemes slowed down in June compared to the previous two months as the decline in the stock market deterred investors from putting fresh lumpsum money into these products. Equity schemes saw inflows of Rs 8,794 crore in June compared to Rs 10,724 crore and Rs 10,444 crore in April and May, respectively.
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D-Street shrugs off trade war; Sensex rises 83 points, Nifty tops 10,750
NEW DELHI: Extending gains for a second consecutive session, frontline indices Nifty and Sensex ended up in the positive territory on Friday, underpinned by gains in bank, auto, oil - gas and capital goods stocks amid mixed global cues.

However, the gains remained capped as the US tariffs on $34 billion in Chinese imports took effect today,

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Stock market update: FMCG stocks mixed; United Breweries up, but Dabur, Godrej Industries suffer losses
NEW DELHI: FMCG stocks were trading mixed during afternoon trade on Friday.

The Nifty FMCG index was trading 0.49 per cent up at 29,544 around 02:30 pm.

Shares of United Breweries (up 3.52 per cent), United Spirits (up 2.27 per cent), Emami (up 1.90 per cent), Godrej Consumer Products (up 0.74 per cent), ITC (up 0.68 per cent), Marico (up 0.67

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Mauritius complains about inclusion in high-risk list
The Mauritius government has complained to India about its inclusion in a list of high-risk countries submitted to the market regulator, threatening to complicate close diplomatic and investment ties with the island nation.

“Unfortunately, there is no indication on the basis that has been used to include a country in the high-risk category,” Mau

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Share market update: Over 150 stocks hit 52-week lows on NSE
NEW DELHI: As many as 152 stocks including Apollo Micro Systems, BF Utilities, Brigade Enterprises, Capital First, Dollar Industries and Orissa Minerals Development Company hit 52-week lows on NSE on Friday despite positive market sentiment.

On the other hand, only 9 stocks including Asian Paints, Hindustan Unilever, V-Mart Retail and Zydus

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YES Bank shares gain on rating upgrade; should you invest
Shares of YES Bank were trading higher in Friday’s trade after the private sector lender received rating upgrade from CARE Ratings for multiple instruments.

The scrip was trading 1.08 per cent up at Rs 352.55 at around 2.15 pm (IST), while the BSE Sensex was up 0.54 per cent at around the same time.

“This upgrade reflects YES Bank's robust f

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Equity Mutual fund inflows slow down as market corrects
MUMBAI: Flows into equity and balanced fund schemes slowed down in June compared to the previous two months as the decline in the stock market deterred investors from putting fresh lumpsum money into these products. Equity schemes saw inflows of Rs 8794 crore in June compared to Rs 10,724 crore and Rs 10,444 crore in April and May respectively.
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Stock market update: Varroc Engineering, RIL, Infosys most active stocks in value terms
NEW DELHI: Varroc Engineering (Rs 1,493.22 crore) emerged as the most active stock in value terms on NSE on Friday.

Reliance Industries (Rs 895.81 crore), Infosys (Rs 718.37 crore), Tata Consultancy Services (Rs 708.46 crore), ICICI Bank (Rs 702.20 crore) and YES Bank (Rs 628.91 crore) also featured in the league of most active stocks in value

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Sebi revamps panel on alternative investment
NEW DELHI: Markets regulator Sebi has reorganised the committee that advises it on matters pertaining to further development of the alternative investment and startup ecosystem in the country.

The Alternative Investment Policy Advisory Committee is chaired by Infosys Founder N R Narayana Murthy, as per the latest update with the markets watchdog.

T

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Banks working closely with UK agencies to recover dues from Mallya: SBI MD
The State Bank of India (SBI) hopes to recover a significant amount of debt from Vijay Mallya after a UK court ruled in favour of Indian banks by granting permission to local authorities to enter the estate of the fugitive Indian businessman and seize possessions.

“Going by the assets that we have we feel that it will be significant amount of d

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Share market update: Check out the most traded stocks of Friday's session
NEW DELHI: Uttam Value Steels (number of shares traded: 7.67 crore) finished Friday's session as the most traded stock on NSE.

It was followed by Ashok Leyland (3.89 crore), Reliance Communications (3.24 crore), IDBI Bank (2.86 crore), ICICI Bank (2.60 crore), Jaiprakash Associates (2.55 crore) and Punjab National Bank (2.08 crore).

Extending the

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Share market update: Auto stocks shine; Hero MotoCorp, Tata Motors up 4%
NEW DELHI: Most auto stocks were trading with gains during afternoon trade on Friday.

The BSE Auto index was trading 1.82 per cent up at 24,807 around 02:20 pm.

Shares of Ashok Leyland (up 6.35 per cent), Balkrishna Industries (up 5.97 per cent), Hero MotoCorp (up 4.24 per cent), Tata Motors (up 3.77 per cent) and Apollo Tyres (up 3.36 per cent)

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AIFs cannot convert existing open-ended schemes to closed-ended ones: Sebi
New Delhi: Alternative investment funds cannot convert their existing open-ended schemes to closed-ended and vice-versa, markets regulator Sebi said today.

The clarifications have been given as part of an informal guidance sought by Singular India Opportunities Trust (SIOT), which is managed by Singular Capital India Advisors LLP, regarding

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F O: Nifty50 again forms higher lows; Vix signals drop in volatility
By Chandan TapariaThe Nifty50 index continued to form higher lows for the fourth consecutive session and headed towards the 10,816 mark on Friday. However, it closed in the positive after slipping around 50 points from higher levels to close at 10,770.

Absence of followup buying was visible in the market amid sustained supply near the hurdle area.

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TCS hits fresh lifetime high ahead of Q1 results
NEW DELHI: Shares of IT giant Tata Consultancy Services hit a fresh lifetime high of Rs 1,919 on Friday. The company is slated to declare its June quarter results on Tuesday.

Last month, the board of IT major approved a Rs 16,000-crore share buyback plan, in an attempt to distribute available cash among its shareholders. The company will buy back

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Varroc Engineering shares jump nearly 8% in debut trade
Shares of auto component maker Varroc Engineering ended with nearly 8 per cent gains against its issue price of Rs 967 in its debut trade today.

The stock debuted at Rs 1,032, surging 6.72 per cent over the issue price on BSE. During the day, the stock soared 9.82 per cent to Rs 1,062. It finally ended at Rs 1,040.55, up 7.60 per cent.

On NSE,

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V-Guard share price: Buy V-Guard Industries, target Rs 220: Sharekhan - The TheIndianSubcontinent

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NSE imposes Rs 1 crore penalty on Electrosteel Steels for non-compliance of disclosure norms
NEW DELHI: Electrosteel Steels, which is undergoing insolvency resolution process, today said the NSE has imposed a penalty of over Rs 1 crore on the company for non-compliance of filing its financial results for the quarter and year ended on March 31, 2018, within the required time.

As per regulatory norms, the company was under the obligation to

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