StockMarket

Share market update: Auto stocks mixed; M M, Hero MotoCorp up 1%
NEW DELHI: Auto stocks were trading mixed during afternoon trade on Thursday.

The BSE Auto index was trading 0.10 per cent up at 24,352 around 01:45 pm.

Bosch (up 1.45 per cent), Mahindra - Mahindra (up 1.37 per cent), Balkrishna Industries (up 1.29 per cent), Hero MotoCorp (up 0.99 per cent), Maruti Suzuki India (up 0.97 per cent), Exide

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Nikkei falls to 3 month low; banks, inbound tourism stocks weaken
TOKYO: Japan's Nikkei share average closed at a three-month low on Thursday as trade tensions spooked investors while shares of banks and firms that benefit from inbound tourism languished.

Investors were jittery ahead of Friday, when US tariffs on $34 billion of Chinese imports are set to kick in. China has said it will retaliate with tariffs on

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Sebi sends fresh notices to NSE, key officials
The Securities and Exchange Board of India has issued a fresh show-cause notice to the National Stock Exchange and some of the key officials — including former CEOs Ravi Narain and Chitra Ramkrishna — on Wednesday, asking them to explain the allegations of preferential access to a few high-frequency traders and brokers to its trading platform, sai
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Stock market update: Metal stocks melt; Nalco, Vedanta fall 3%
NEW DELHI: Most metal - mining stocks were experiencing the heat of selling during afternoon trade on Thursday.

The BSE Metal index was trading 1.22 per cent down at 12,636 around 01:35 pm.

Shares of Nalco (down 3.46 per cent), Hindustan Zinc (down 2.80 per cent), Vedanta (down 2.63 per cent) and NMDC (down 1.64 per cent) were the top losers

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Reliance Brands picks 12.5% stake in luxury apparel firm Future101
Reliance Brands has acquired 12.5 per cent stake in luxury apparel firm Future101 Design for Rs 9.50 crore.

In a BSE filing, Reliance Industries said, "Reliance Brands, a subsidiary of the company, has purchased 12.5 per cent equity stake in Future101 Design Pvt Ltd (Future101) for Rs 9.50 crore".

The acquisition of minority stake is in the

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Share market update: Private bank stocks mixed; YES Bank climbs nearly 3%
NEW DELHI: Private bank stocks were trading mixed during morning trade on Thursday.

The Nifty Private Bank was trading 0.44 per cent up at 15,098 around 10:10 am.

Shares of YES Bank (up 2.65 per cent) rose nearly 3 per cent.

The private lender has received final regulatory approval from the Sebi to start mutual fund business. This approval is

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TPG subsidiary raises $50 million from Temasek
MUMBAI: Asia Healthcare Holdings (AHH), an operating and investment platform of private equity firm TPG Growth announced today that it has raised $50 million from Sheares Healthcare, an investor and provider of healthcare delivery services.

Sheares Healthcare is wholly owned by Temasek, the sovereign investment fund of Singapore. According to a

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Financials lead Australian shares higher as investors hunt for bargains; New Zealand up
Australian shares closed half a per cent higher in light trade on Thursday as investors sought bargains in the absence of guidance from financial markets in the United States, which were closed for Independence Day. The S-P/ASX 200 index recouped Wednesday's losses adding 32.1 points to end the session at 6,215.5, its highest close in about
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Tata Motors slips 3% on JLR CEO warning, Nano sales
Tata Motors weakened over 3 per cent early Thursday after the CEO of its subsidiary Jaguar Land Rover (JLR) reportedly warned that a hard Brexit would cost £1.2 billion a year.

The scrip was down 3.30 per cent at Rs 258.20 at around 9.30 am. The BSE Sensex dropped 25 points, or 0.07 per cent, to 35,619 at around the same time.

Tata Motors' small

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Zuari Agro seeks shareholders' nod to raise up to Rs 755 crore for revamp project
NEW DELHI: Zuari Agro Chemicals has sought shareholders' nod to raise up to Rs 755 crore through various modes to mainly fund revamp of its ammonia-urea plants.

It proposes to raise 32 million Euro (approx Rs 255 crore) by Foreign Currency Convertible Bonds (FCCBs) to support the revamp project.

The company said it plans to raise up to Rs 500

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Future Lifestyle rallies 5% on Koovs pact
NEW DELHI: Future Lifestyle Fashions (FLFL) jumped 5 per cent on Thursday after the company reached a conditional agreement with Koovs to subscribe up to 29.9 per cent stake.

The agreement is subject to regulatory and procedural approvals.

The move will give Future Lifestyle access to an online fashion platform, something that had been missing

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Stock market update: PSU bank stocks listless; shares of SBI under pressure
NEW DELHI: PSU bank stocks were appearing listless during morning trade on Thursday.

The Nifty PSU Bank was index was trading nearly flat at 2,767 around 10 am.

Shares of Canara Bank (up 0.78 per cent), Indian Bank (up 0.62 per cent), Punjab National Bank (up 0.39 per cent), Union Bank of India (up 0.38 per cent) and Allahabad Bank (up 0.37 per

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Stock market update: Consumer durables index top sectoral loser; Titan plunges 5%
NEW DELHI: The consumer durables index was trading as the top loser among the sectoral indices on BSE during afternoon trade on Thursday.

The BSE Consumer Durables index was trading 2.36 per cent down at 19,715 around 01:10 pm, with Titan Company (down 4.95 per cent), PC Jeweller (down 2.47 per cent), Voltas (down 1.27 per cent), Symphony (down

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LIC will invest up to Rs 26,000 crore in IRFC
MUMBAI: State-owned insurer LIC of India will invest up to Rs 26,000 crore this financial year in the Indian Railways Finance Corporation (IRFC), the market-financing arm of the railroad transporter, through bond subscriptions. The cost of the 30-year money is just 30 basis points higher than the benchmark bond yield, with a mechanism to reset the
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Buzzing stocks: JP Associates, RCom, Shriram Transport Finance, RIL, YES Bank
NEW DELHI: With over 0.85 crore shares changing hands, Jaiprakash Associates was leading the pack of most traded stocks on NSE in morning trade on Thursday.

It was followed by Reliance Communications (number of shares traded: 0.78 crore), Tata Motors (0.58 crore), YES Bank (0.47 crore), Idea Cellular (0.41 crore) and Punjab National Bank (0.30

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Glencore announces $1 billion share buyback

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ET Intelligence Group: CESC's approaching demerger, an exercise to unlock the value of its companies and a current correction in its stock rate provide an opportunity for investors. The stock of the Sanjiv Goenka owned company has actually fixed near 20 percent in the previous two months and is now trading at a price listed below that when the demerger was
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Rs 870 crore exposure to group company hits Shriram Transport stock
MUMBAI: Shriram Transport Finance shares fell 12 per cent amid concerns of a potential loss after it disclosed an off-balance sheet exposure of Rs 870 crore to a group company.

Shares of the company fell around 20 per cent in the early trade. However, it recovered closing 11.83 per cent down to Rs 1,144.85 on the Bombay Stock Exchange after the

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As fossil fuel loses lustre, RIL shifts focus to oil-to-chemicals conversion
NEW DELHI: Reliance Industries Chairman Mukesh Ambani wants to be ahead of the global shift from fossil fuels to renewable energy.

At the 41st AGM on Thursday, he said RIL is exploring new value creation opportunity in an environment where growth in fossil fuel demand could stagnate in a few years.

RIL, Ambani said, would now be focusing on

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Share market update: These stocks surge over 10% despite weak market sentiment
NEW DELHI: Even as market was reflecting bearish sentiment, shares of Hatsun Agro Product (up 10.48 per cent) and IL-FS Transportation Networks (up 10.38 per cent) surged over 10 per cent on NSE during morning trade on Thursday.

Market sentiment was subdued amid weak Asian cues.

Asian markets were trading lower as investors look for direction

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NEW DELHI: Dalal Street crossed a milestone with a life high on January 29. But that was then. It has been on a slippery slope of late despite occasional sparks of brightness.

The correction has been sharp across the board. Midcaps and smallcaps have been bruised badly. The hammering has been so hard that some of the names have tumbled as much as

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Full text: What Mukesh Ambani said at AGM
Reliance Industries Group Chairman Mukesh Ambani addressed shareholders at the company's 41st annual general meeting. He unveiled the much-awaited Jio GigaFiber and a high-end phone, JioPhone 2. Besides this, Ambani also announced plans to tap e-commerce market and an laid out ambitious plans for the energy sector.

Here is the full text of Mukesh

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ET INTELLIGENCE GROUP: Cement makers in the world's second-biggest market for the commodity have actually just recently raised rates in choose local pockets, however the increases mostly use to bulk sales to contractors and facilities companies-- or the nontrade sector of the market. Experts who satisfied dealers stocking cement bags that are eventually used by
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NEW DELHI: Wednesday proved to be a great day for equities with the sharpest gains coming from the bluest of the blue chips. Investors accumulated shares from financials, auto and FMCG sectors with both hands, thus lifting the benchmarks higher.

A steep hike in minimum support prices (MSPs) for kharif crops and solid services PMI print for June

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Share market update: Telecom stocks mixed; Bharti Airtel slips 1%
NEW DELHI: Telecom stocks were trading mixed during afternoon trade on Thursday.

The BSE Telecom index was trading 0.39 per cent down at 1,147 around 12:50 pm.

GTL Infrastructure (down 4.46 per cent), GTPL Hathway (down 4.30 per cent), Tejas Networks (down 1.79 per cent), Vindhya Telelinks (down 1.54 per cent), ITI (down 1.21 per cent), GTL (down

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Stock market update: These stocks plunge up to 5% in a weak market
NEW DELHI: Shares of Manpasand Beverages (down 5 per cent), Vakrangee (down 4.97 per cent) and HCC (down 4.51 per cent) plunged up to 5 per cent in morning trade on Thursday.

Stocks such as TV Today Network (down 4.28 per cent), Titan Company (down 4.22 per cent), Tata Motors (down 3.76 per cent), Infosys (down 3.66 per cent), India Tourism (down

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Tech view: Long bullish candle on Nifty charts shows bulls digging in
NEW DELHI: The Nifty50 took out a near-term hurdle at 10,740 on Wednesday and formed a long bullish candle on the daily chart, suggesting that the bulls are gaining ground gradually.

The 10,810-850 range is now posing a near-term hurdle for the index. The 50-pack index rose 70 points, or 0.65 per cent, to close at 10,769.

During the session, the

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Stock market update: Reliance to launch JioGigaFiber, shares of Hathway Cable, Den nosedive
NEW DELHI: Mukesh Ambani's announcement that Relaince Industries will launch ultra-high speed fixed line broadband services for homes and enterprises upset broadcasting - cable stocks during Thursday's trade.

Chairman and Managing Director Mukesh Ambani announced the commercial launch of Jio Giga Fiber broadband services.

Addressing the

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Mukesh AmbaniRIL gains ahead of 41st AGM
Mukesh Ambani-led Reliance Industries ruled higher today ahead of the 41st Annual General Meeting (AGM) of shareholders of the company.

The AGM will kick off around 11 am at Birla Matushri Sabhagar in Mumbai.

The scrip was up 1 per cent at Rs 999.75 at around 9.45 am. The BSE Sensex went up 11 points at 35,656 at around the same time.

Chairman

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F O: Nifty awaits breakout to rally towards 10,835 10,888
By Chandan TapariaThe Nifty50 index managed to respect its 50-day EMA and extended its gains towards the 10,777 level. It formed a bullish candle on the daily scale and also formed higher lows for last two sessions.

The index closed near its falling supply trend line by connecting the swing highs of 10,893 and 10,837 levels. If it manages to hold

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